While there are many electric vehicle startups in China, many (99%) of them will not make it in the long run, according to NIO Capital. In an interview with Bloomberg, company managing partner Ian Zhu said the survival rates of these ‘Tesla killers’ somewhat low.
This is largely due to the large investments required for not just technology, but also manpower to build an electric vehicle. “It’s a very complicated system that needs abundant investments and a large group of people to be able to build a car from scratch. Therefore, the survival rate of all these EV startups will be very low,” said Zhu.
Additionally, most EV startups have yet to manufacture on a large scale or deliver cars in large numbers to consumers. Further complicating matters is the ongoing trade disagreements between the United States and China. Zhu says it “is a real obstruction to the global economy and technology development.”
“If it continues or escalates, it will delay the commercialization of intelligent electric cars as well as slow down global efforts to improve traffic safety and efficiency,” he added.
Zhu also feels that joint ventures between startups and traditional automakers is the way forward as innovation and real manufacturing capabilities can be combined. With many of the world’s electric vehicles being sold in China, it isn’t a surprise that many want to involve themselves in the industry. Even familiar automakers have rolled out their own EVs for the market.
NIO Capital is partly backed by Chinese EV company Nio, which made quite an impact with the EP9 supercar. The company’s ES8 electric SUV looks to take the fight to the Model X in China, with quite a number of orders received already.
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so Tun M’s national car project 3.0 all about EV productions can throw into rubbish bin
Smartphone biz way more profitable bah
We have nothing to worry about cause Proton and Perodua got no EV. Both companies still tido
Dont worry can 1.5bil apply soft loan from govt…10yrs later everybody forget about it…write it off as bad debt…bijak tak aku??
ha ha ha, good one. Don’t know what happened to our Iriz EV. Proton took billions from the gomen and said they needed the money to do EV research
Tanam sayur dalam greenhouse lagi untung. Netherlands kaya tanam sayur kenapa kita tak boleh
“Additionally, most EV startups have yet to manufacture on a large scale or deliver cars in large numbers to consumers.”
It could be possible that in future we will not see few large brands but many small brands.
As complicated as a EV car can be, it will never be anywhere near as complicated as an internal combustion engine car. They will be more like smartphones or laptops on wheels. We all know how who controls that market now…
These start up geeks failed to see the bigger picture, the world electricity production is still heavily rely on non renewable resources thus polluting the nature. If we want to replace all the cars with ev it will require 6 times the electricity we produce today. Even technological advanced nations like japan, usa, south korea, china etc are still depend on coal, natural gas and nuclear
These 99% better just merge to have a chance of survival.
Ya DJI, xiaomi, huawei, oppo, vivo, lenovo, mediatek, dll better merge also.
On the contrary, nobody said DJI, xiaomi, huawei, oppo, vivo, lenovo, mediatek won’t survive.
Can john guarantees there will survive?
In this world nothing can be said to be certain, except death and taxes
– Ben Franklin
Battery is the most expensive single component in EV. Until lower cost mass battery manufacturing technology is found, we will not get cheaper EV car (unless subsidized). Nissan is clever with e-note line-up, just require small battery
Next is autonomous technology. Small start-up company won’t have the capacity to develop & test. Unless they are licensing from someone else.
the world still waiting for the so called “graphene” super battery…to be mass produce yet…
You call them opportunist, venturer, copy-cats … whatever. They exists to make money, hopefully funded by big organization, but ok to move on without one. One important point is they jump into struggle for a fortune without any politics & gorv financial support. It’s much better than the idea of ‘national cars’. We saw many ‘national’ cars from China, but none was initiated by gov, and now most of them are making a profit.