China EVs Lose 75% in a Year! Prices Cut, Quality Collapse
- Thread starter Danke
- Start date
Too bad they can not sell them for use in the US I would likely buy a low cost used one they describe. 40,000rmb is ~$5,500.
However it really does not matter what a used cars value is if you intend to keep it and are not stuck with a turn back or lease return.
However it really does not matter what a used cars value is if you intend to keep it and are not stuck with a turn back or lease return.
houseofancients
Solar Wizard
Bullcrap..
Here ev's have just about same depreciation as ice cars..
Notable exception is tesla, as nobody here wants them anymore
Here ev's have just about same depreciation as ice cars..
Notable exception is tesla, as nobody here wants them anymore
Brucey
Velcro Man
Ready for super cheap used lfp ev batteries flooding the market and driving prices down further.
Brucey
Velcro Man
"Adjacent"?Your location says “EU” not China.
I guess they are kinda similar.
I not sure about the “influencer” lable. But some are claiming it has a lot of Falun Gong members behind it. A prosecuted group in China and against the CCP.
Oh, yeah...there's always an axe to grind on stuff like this. Never straightforward.
"Some are claiming..." - crap on top of crap.
Dagoth Ur Does Solar
Solar Addict
The "China Watch" YouTubers are always some of the most utter sensationalists out there, and they just spew garbage 24/7.
My schizo theory is that it's actually a CCP operation to try to poison the well on reporting on actual negative press out of China.
My schizo theory is that it's actually a CCP operation to try to poison the well on reporting on actual negative press out of China.
I can raise you one better: AI generated clickbait youtube news.
With the cutthroat competition and rapid evolution of EV and battery technology going on in China right now I wouldn't be surprised if there was that kind rapid depreciation of EVs there.
For example, BYD just announced 1MW charging. The architecture uses 1KV, 1KA chargers and batteries with a 10C charge rate. So that's 83KWh in 5 minutes. 83KWh will take a mid sized SUV 250 miles. Once that rolls out (BYD says they're installing 4000 1MW chargers in China) it will be as fast as gasoline refueling, or at least close enough that it doesn't matter. No one is going to want an ICE passenger vehicle.
Scale is also rapidly expanding and costs are dropping like a stone, as we are seeing on this forum with LFP batteries. Chinese autonomous driving technology is also advancing rapidly and is being offered free of charge in many cases. So EVs with 2022 or 2023 tech quite naturally aren't going to be worth much.
Tesla is screwed, not counting that it's core global demographic targets, including in the US, no longer want to be seen in Elon's swasticars. Ask me if I'm upset about that.
Personally, I proudly drive GM and Ford EV's, built in the USA with union labor, and will continue to do so. They do everthing I need them to so I don't care what their resale value might be when the kind of EV innovation China is seeing eventually comes to North America.
I do also own a Chinese EV - a Kandi Cowboy UTV. It works great and was half the cost of a North American electric UTV.
I sincerely hope that GM, Ford, VW, Hyundai, Toyota and the other incumbent global automakers figure out how to compete with China's EVs in time but if you look at the experience in other core 21st century technologies (notably PV, batteries, and LCD screens) that is doubtful.
For example, BYD just announced 1MW charging. The architecture uses 1KV, 1KA chargers and batteries with a 10C charge rate. So that's 83KWh in 5 minutes. 83KWh will take a mid sized SUV 250 miles. Once that rolls out (BYD says they're installing 4000 1MW chargers in China) it will be as fast as gasoline refueling, or at least close enough that it doesn't matter. No one is going to want an ICE passenger vehicle.
Scale is also rapidly expanding and costs are dropping like a stone, as we are seeing on this forum with LFP batteries. Chinese autonomous driving technology is also advancing rapidly and is being offered free of charge in many cases. So EVs with 2022 or 2023 tech quite naturally aren't going to be worth much.
Tesla is screwed, not counting that it's core global demographic targets, including in the US, no longer want to be seen in Elon's swasticars. Ask me if I'm upset about that.
Personally, I proudly drive GM and Ford EV's, built in the USA with union labor, and will continue to do so. They do everthing I need them to so I don't care what their resale value might be when the kind of EV innovation China is seeing eventually comes to North America.
I do also own a Chinese EV - a Kandi Cowboy UTV. It works great and was half the cost of a North American electric UTV.
I sincerely hope that GM, Ford, VW, Hyundai, Toyota and the other incumbent global automakers figure out how to compete with China's EVs in time but if you look at the experience in other core 21st century technologies (notably PV, batteries, and LCD screens) that is doubtful.
No doubt some obscure models/makes are going to drop down like a rock, especially if the manufacturer goes belly up. New EV makes pop up in china every week and not everyone of them is going to survive.
And someone has to make the chevy chevettes and ford pinto’s also there.
I would buy one too… I need a beater on the farm..
My nephew in SoCal called me the other day for advice negotiating with the local Hyundai stealership where he was wanting to buy a new Ioniq 5 (interesting car btw, check out the N version, 0 to 60 in 3.2s).
I suggested he forget that, go on CL and buy a year old Model Y instead. Everyone is dumping them there so he could pretty much buy 2 Teslas for the price of the Ioniq.
He said he didn't want to be associated with the Tesla brand bc Elon is a POS. I said fine, just stick a dozen of these on it and drive it till the wheels fall off.
He won't do it though, when you're young your car is an extension of your personality. When you get old it's more something to get you from A to B.
This is interesting as it surely cannot be accomplished without degrading the life of the cells. 10C charging will warm up the cells a lot and in a hot ambient environment = cooking the cells and shortening their life each time a 5C to 10C charge is carried out.
It may be good marketing and help them sell a lot more new cars but who will pay the eventual cost of battery pack replacement on these roasted EV packs? Any super fast charged EV over about 5 years in age can surely only operate at reduced power and range as the cells will be on their last legs.
If super fast charging is the future of EVs, owning an EV once past the initial 5-8 years will be a very risky move, unless replacement battery packs really come down in price.
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That is a reasonable assumption based on our experience with the cells we use for low C-rate solar applications but it might not be valid in this case. I expect the 10C rate is based on BYD utilizing their gen 2 blade batteries. These are LFP and are an interesting design noteworthy for having low internal resistance and supporting high charge and discharge rates among other benefits.
I was thinking about seeing if I could get some blade batteries to try out on an electric tractor conversion project I'm working on but I'm going to hold off for now because of the stupid tariffs.
Gen 2 blade battery
houseofancients
Solar Wizard
all car packs now a days have active thermal management..
the first Nissan leaf's didnt , which is why their packs didnt last very long
Interesting how quickly EV technology is developing. I salute the early adopters but would not want to be one, as surely resale values will plummet each time something better comes along.
I’ll just keep running older gas cars until we reach the promised land of low cost, long lived EVs which I can buy used at reasonable price!
I'm not taking a financial risk because I don't plan on selling my current EVs to get whatever fancy new features are coming out. I normally run out my vehicles to around 250k miles and my ICE vehicles were nearing that point when I sold them and bought my EVs.
The benefits for me were so far above continuing with my ageing vehicles or buying new ICE vehicles that it was worth making the move. Just the fact that the EVs cost me zero in energy costs vs buying gasoline for the ICE cars means that I will be financially ahead even if they're worth nothing at end of life.
Also if older EVs are worth nothing because of innovations like 5 minutes charging it's highly unlikely that older ICE vehicles will be worth any more. No one will be interested in putting up with all the maintenance on old ICEs by that point.
I'm already over ICE maintenance. Oil changes, filters, spark plugs, yuck. Gotta go change the oil in my airplane today and I'm not looking forward to it. If I could swap my Lycoming O360 for an electric motor I'd do it in a heartbeat but the battery tech isn't there (yet).
k490
Solar Enthusiast
Problem with Tesla can't buy parts for them if they would sell parts I would buy a used one.
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