AD #2968 – Unlikely EV Dominating China; Top Suppliers by Market Cap; GM Signs Fuel Cell Semi Agreement with Nikola

November 30th, 2020 at 11:58am

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Listen to “AD #2968 – Unlikely EV Dominating China; Top Suppliers by Market Cap; GM Signs Fuel Cell Semi Agreement with Nikola” on Spreaker.

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Runtime: 7:31

0:08 Unlikely EV Dominating Chinese Market
0:55 VW Hints at Polo-Sized EV
1:41 Herbert Diess Seeks VW Board’s Vote of Confidence
3:31 GM Signs Fuel Cell Semi Agreement with Nikola
4:29 Top Suppliers by Market Capitalization
5:43 Bentley Introduces Tweed Interior Option
6:28 Opel’s EV Rally Series on Track
6:52 Hyundai Teases New Bayon SUV

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50 Comments to “AD #2968 – Unlikely EV Dominating China; Top Suppliers by Market Cap; GM Signs Fuel Cell Semi Agreement with Nikola”

  1. Kit Gerhart Says:

    Tweed was a thing in 1948, with Chrysler.

    I think they also did some tweed more recently, maybe in the early-mid 1960s.

  2. Lambo2015 Says:

    100 mile range and $3600 makes it seem like a 300 mile range small car should be able to be made for less than 20K. However for a very small inner city commuter do you really need 300 miles of range? That car looked like an enclosed golf cart.

    Tweed interior just proves that what goes around comes around.

  3. Jim Haines Says:

    Does it come with a cardigan sweater and argyle socks to go with the tweed

  4. Larry D. Says:

    Ι found the story of the tiny CHinese BEV interesting and looked at its link.

    Don’t forget that before Tesla revolutionized and dominated the BEV market, the 1st gen bEVs were truly pathetic (the Fugly Nissan Leaf, the atrocious Mitsu BEV, and the far better looking Ford Focus EV had TINY ranges, smaller than even this dwarf’s, 75 miles I remember for the Ford, because I checked out one with very low miles offered for $10k, but on checking its CARFAX it was a LEMON that was brought back to FOrd and fixed, so I did not touch it. Most of my needs, except long trips, would probably be met with the 75 mile range in the fall and spring, but NOT in the winter.

    I was in CHina many times, the last time all of Nov 2019, and have not seen a SINGLE one of these. Of course, 20,000 sales are TINY in a 20-30 MILLION units a year biggest market in the world (NEW car sales only). Is it a 2020 thing?

    ANyway, don’t think this POS would ever make it here. If it was to meet US safety reqs, I bet the cost would go up $10k.

  5. Kit Gerhart Says:

    3 The tweed trim in the ’48 Chrysler was called “Highlander.” I think that particular pattern is “Royal Stewart.”

  6. Larry D. Says:

    Re the criminal Trevor Milton and the other phonies at Nikola. This story also mentions that GM has, correctly, since the stock will be worthless soon, has killed the “11% Equity” in Nikola, part of the original agreement, which, before Nikola stock started plummeting (long before today’s 21% drop, it had fallen 30% and other percentages for several days), was supposed to be worth $ billion (LOL!!!!) and soon it will not be worth DIDDLY SQUAT, incorrigible Tesla haters and Nikola lovers here. I wonder if any of these uninformed geniuses bought Nikola stock, OR they did not put their $ where their mouth is.

    See also my posts on this topic on the previous show.

  7. Larry D. Says:

    PS that “tweed” option looks truly TERRIBLE. I would NOT buy it even if Bentley knocked off $10 or even $20 K off the price.

  8. Lambo2015 Says:

    6 LOL like you do? How much Tesla stock you own Mr money where your mouth is.

  9. Kit Gerhart Says:

    That Chinese mini car would work for a lot of people where I am in Florida, if they had a place to charge it. An article I found says it has a top speed of 100 km/h, which would be fast enough for local driving in the area. It wouldn’t be very crashworthy, though.

  10. Larry D. Says:

    I AM NOW watching this review of the mini EV

  11. Kevin A Says:

    Sean, Did your interview with the Pulstar’s CEO mention whether F1 had tried it? Ferrari especially could use a little more horsepower. Also, did the CEO mention if there was an RPM limit? ie where the capacitor does not have time to charge fully between firings.

  12. cwolf Says:

    4 & 7 )

  13. Kevin A Says:

    Maybe they should market those Chinese mini-EVs AS golf carts. They are a lot more stylish than the real golf carts I have seen!

  14. Larry D. Says:

    10 THIS laughable POS was the BEV car that the resident worst Tesla hater and conspiracy theorist, that “Joe” (not “JoeS”, he is OK) character, seemed so delighted that it was selling better than…. TESLA in CHina (of course, this is long before the Shanghai Gigafactory reaches its full 500,000 a year output).

    That was “blueprints” Joe. Go hold hands with the other raving genius, 200 MPGe Cwolf… LOL…


    9) I was thinking that too. Florida has those huge retirement communities with all the services that are required within the community. Golf carts are the main mode of transportation there. This would be far better than a golf cart and work well in those communities; if they could charge them.

  16. Rey Says:

    who in this forum believed the GM Nikola would come to fruition? Nikola was a scam , Mary Barra was stupid as hell,or she did not do her DD , like diddly squat.

  17. Larry D. Says:

    12 Really? WHy are you in such a bad mood? Lost all your life’s savings in Nikola stock, silly person? Did “blueprints” Joe put you up to it? You should have LISTENED to ME, genius. I was right ONCE AGAIN!!!

  18. Larry D. Says:

    16 Who? Try Cwolf, Joe, Lambo, KevinA. I dare them to deny it.

  19. Drew Says:

    Seems like some kindergarten retraining is needed.

  20. Kit Gerhart Says:

    13,15 The “ultimate” golf cart community that I know of is The Villages, which would have places to charge them. I don’t know if the mini car has A/C, but it would be better in the rain, and much faster than a golf cart. The extra speed would make the mini car much better than a golf cart for going short distances outside the community.

  21. Kevin A Says:

    I thought Nikola/GM would (and still will) work out. I never saw it as anything other than a marketing thing. People like me that don’t like GM…don’t like GM. The products are fine, but I don’t like the company. Using Nikola as a “brand” could get then TESLA like enthusiasm without GM baggage.

  22. Lambo2015 Says:

    18 Not me. I spend too many posts correcting the false BS you spew here.

  23. Kit Gerhart Says:

    Does anyone even want electric pickup trucks, except the cult of Tesla which will sell some Cybertrucks, especially if the announced prices are for real.

  24. Roger Blose Says:

    My 1988 Mustang GT has a fine glen plaid seat upholstery which looks terrific, holds up well, and has some red threads in the design to tie in with the red exterior color. Nice factory custom touch from back in the day.

  25. GM Veteran Says:

    I pretty much invest in all of the companies Larry makes fun of. So far, its working out splendidly. Made a lot of money on them in 2020, including currently being up in my stake of Nikola, even with today’s decline. Their main business model is just fine, and having the Badger go away is a blessing in disguise. Focusing on the semi-trucks will make them a very profitable company once production gets up to speed.

  26. GM Veteran Says:

    I give GM credit for identifying this niche in the Chinese market and working with their 50% partner, Wuling, to bring this vehicle to market. As with ICE vehicles, EVs will have to cover a wide variety of sizes and price points to address the needs of all consumers.

    14 – having more production does not mean achieving more sales. (Just a basic economics lesson there.) Tesla is already shipping vehicles from the Shanghai plant to Europe because their sales in China have slowed considerably.

  27. Sean Wagner Says:

    26. GM Veteran – I’ll dispute that.

    Europe is simply starved for Teslas (showrooms empty), and I surmise the profit margins are far greater here, especially if you factor in tradeable emissions credits.

    I think Wuling-style pocket EVs will prove popular around the world. Especially in woodie trim. I’ll let myself out… Oh – even a version with geographically limited autonomy (duh) would probably sell like hotcakes.

    Incidentally, I once drove a Smart over the Alps, screeching tires and all. A godawful car, but most of its ills would be cured by electrifying it competently. Anyone have some experience with the current EV version? Incidentally, the next gen will be built in, ta-dah, China.

  28. Sean Wagner Says:

    cwolf – Still feasting on leftover Thanksgiving desserts? =P

  29. Dave Says:

    Wuling’s business base is primary the 2 tiered cities in China. They know there market well and what their consumers want, low cost transportation first and other comforts 2nd. They don’t add any frills that are not in demand. I am not surprised where they have targeted this vehicle and in those cities they should do well.

  30. GM Veteran Says:

    Sean, I had read that Tesla sales in Europe, and Germany in particular, were waning. That may have changed in recent months. The emissions credits certainly makes sense. Would China-built Teslas be subject to import tariffs in the EU?

  31. Kit Gerhart Says:

    30 Aren’t the tariffs 10% like imports from other places?

  32. Sean Wagner Says:

    GM Veteran, I’m not completely up to speed, but Tesla’s sales in Europa always fall off a cliff after the first month of a quarter when they run out of vehicles fresh off the boats.

    Their sales in Germany used to be abysmal but have picked up – I think it’s mainly due to a marked increase in sales/service centers.

    That being said, any reasonable EV gets sold right now – volumes are still low, but there finally is some choice.

    Re. EU Import Tariffs – that’s a good question. I think it’s 10% like cars from the US, but not sure. There’s no free trade agreement yet (but with Japan, South Korea, Canada, Chile, Mexico, etc.).

    Rather irrelevant, but interesting: Switzerland has an FTA with China. Quite convenient. Tesla imports from there should be duty-free, which means a big leg up on Fremont.

  33. Kit Gerhart Says:

    27 I’d thought the same thing about the smart. I haven’t driven an electric one, but have driven US spec gas ones, and the single clutch automatic transmission worked like a manual driven by someone who didn’t drive a manual very well. It should be decent as an EV city car, as long as the range was adequate for ones purposes.

  34. Lambo2015 Says:

    29 If you think about the vehicles that have been huge sales successes, cheap transportation is always in demand. The model T, VW bug, Chrysler K car, Chevy Chevette, AMC Gremlin and Ford Escort. None of which were stellar vehicles or would be considered a joy to drive. But they did the job of getting you where you needed to go. A cheap no frills EV could see huge sales but it would need to be cheaper than even the basic ICE competition.

  35. Kit Gerhart Says:

    32 Interesting about CH having their own agreement with China. I didn’t realize any EU countries had their own FTAs, or were even allowed to.

  36. Wim van Acker Says:

    @35: Switzerland is not a member state of the European Union, Kit

  37. Kit Gerhart Says:

    36 Thanks for info. I should have known.

  38. Kit Gerhart Says:

    36,37 I knew they kept their currency, but somehow thought they were in the EU, like the UK was until recently.

  39. JoeS Says:

    14. Now I’m worried. There must be something wrong with me if I’m OK in your book…

  40. Sean Wagner Says:

    33 Kit – Exactly! And funnily for a tiny city car, those large-ish doors aren’t a help in European-size parking lots either. I kinda like Smarts when they’re owned by other people, though.

  41. Grant Tweed Says:

    Kudos to Bentley for the new TWEED interior trim. An idea who’s time has come……. !

  42. Sean Wagner Says:

    Incidentally, sales of luxury cars have massively increased in South Korea, and China too. It seems that people who were used to traveling are splurging.


    41) Something tells me that you may be biased on the subject of Tweed LOL

    Although it looks good and it is a good application to use on the door inserts.

  44. Larry D. Says:

    I have lost count how many times I have been RIGHT and others here wrong. Hate to rub it in, but here is more evidence. Some of you, assumed that the ‘poor’ could not afford cars and would have to ride mass transit to their jobs and suffer from CV. BUT there are always used cars of ALL prices, even for the dirt poor. SO I repeatedly stated that auto sales will RISE, not FALL, as a consequence of the CV. Most worthless analysts were wrong too, so don’t feel too bad about it.

  45. Larry D. Says:

    44 In addition, I also predicted that Mass transit, airlines trains etc will suffer, and I was 100% Right too. I understand this drives the likes of 200 MPGe Cwolf and “blueprints” Joe and “120,000 is not 3 times 40,000″ Lambo mad. Good, they fully deserve it.

  46. Larry D. Says:

    And here is another source of increased car demand, that I did NOT think of. MILLENIALS and CV!!!! Remember when they did not give a rat’s behind about cars and driving? CV has forced them to do an 180! The question is, who will benefit? Will they buy… GMs and Fords, or will they buy TESLAs? (hint: this is a rhetorical question, and one more reason Tesla stock went thru the roof recently)

  47. Larry D. Says:

    Our ancient and glorious ancestors. Short on power and high tech, but long on luxury, elegance, and good taste. (so why am I posting it here?)

    As Jay Leno said of his Merc 3.5 coupe, it was cheaper than a Rolls Royce Corniche coupe/convertible, (a gorgeous car too, far above your caddies and lincolns) but in fact it was a BETTER car!

  48. Kit Gerhart Says:

    When the pandemic subsides, as it will over the next year or so with distribution of vaccines, those beater cars will sit, and people in cities in Spain and elsewhere will resume using public transportation. As one linked article mentioned, driving in Britain is only 90% of what it was, even with all of the old cars back on the road. When things get better, with the potential for 110% of the former traffic in cities, and no additional parking, it will not continue. Where public transport is good, as in most cities in Europe, cars don’t make sense, and will never make sense, except during a plague.

  49. Lambo2015 Says:

    45 Please leave me out of you nonsensical rants and boasting about whatever it was you are claiming to have done correctly. I, like many others here couldn’t care less.

  50. Bobby T Says:

    #44: “I hate to rub it in”. Really? Since when? Also notice #36 & #37: A pleasant way to correct someone when you think they are wrong. How refreshing!