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Apr 26, 2024
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we just heard analyst will russo explain how the chinese have dominated this market —— bill russo. they not only have plenty of ev is that they are creating, they are also cheap. if they flood the us market, there is concern that will have an impact on us automakers. also antony blinken met with business leaders in shanghai while he was there and they have really been pushing for what he has called a level playing field. what they are fighting against is highly subsidised industries especially in the green space. companies that make solar panels as well as tvs and lithium ion batteries. they are site —— evs. they are highly subsidised which makes it difficult to play on the global market. anthony global said this is what the chinese officials are responding with. translation: we hope that the us side _ translation: we hope that the us side earnestly respect the principle of fair competition, observe _ principle of fair competition, observe the rules and work with china _ observe the rules and work with china to — observe the rules and work with china to create favourable cond
we just heard analyst will russo explain how the chinese have dominated this market —— bill russo. they not only have plenty of ev is that they are creating, they are also cheap. if they flood the us market, there is concern that will have an impact on us automakers. also antony blinken met with business leaders in shanghai while he was there and they have really been pushing for what he has called a level playing field. what they are fighting against is highly subsidised industries...
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Apr 25, 2024
04/24
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bill russo is going to be our guest coming up at 11:30. he is a long time analyst and well regarded in this area. automobility this is company based in china. if we can just see this here, nobody really knows much about it, but it is a quality-link -- huawei-link carmaker that at 11:20 will be launching some new car. there's a bit of buzz because the new era of smart ev's is here with phone makers and chipmakers, tech companies going into the ev space. we just heard from show me -- from xaomi and update on the recently launched su7. huawei also has its fingers in the ev space. they are not a brand of huawei cars, but they have partnerships with chinese automakers, and they are very much part of the ev space here at the auto show. haslinda: china displaying its strengths. our chief north asia correspondent at the beijing auto show for the first time since 2020. plenty more to come. keep it here with us. this is bloomberg. ♪ orry yois spent on golf? nah. sinking putts? the only thing sinking is my savings... there's the kid's braces and my
bill russo is going to be our guest coming up at 11:30. he is a long time analyst and well regarded in this area. automobility this is company based in china. if we can just see this here, nobody really knows much about it, but it is a quality-link -- huawei-link carmaker that at 11:20 will be launching some new car. there's a bit of buzz because the new era of smart ev's is here with phone makers and chipmakers, tech companies going into the ev space. we just heard from show me -- from xaomi...
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Apr 25, 2024
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i spoke with auto analyst bill russo, who gave us his outlook for the chinese car market. we can see from it so far, the continuation on focus on electrification with dominance of the chinese companies who now have almost 80% share of the electric vehicle segment. that's even significantly into the gasoline powered vehicles which are down significantly from a few years ago by more than 10 million units. the other important trend is the emergence of these smart device companies that are now present on the landscape. show —— shaomei. an emergency of a company as both a supplier and manufacturer through contracting manufacturers through a brand called ito. fist through a brand called ito. at the same time the market almost feels saturated and the economy not doing so well so in terms of sales of those ev�*s, what kind of numbers are we saying? the ev share of the market is for passenger vehicles 35%. three individually owned vehicles the purchase right now in china are electric vehicles, thatis in china are electric vehicles, that is coming in a market that is not grow
i spoke with auto analyst bill russo, who gave us his outlook for the chinese car market. we can see from it so far, the continuation on focus on electrification with dominance of the chinese companies who now have almost 80% share of the electric vehicle segment. that's even significantly into the gasoline powered vehicles which are down significantly from a few years ago by more than 10 million units. the other important trend is the emergence of these smart device companies that are now...
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Apr 26, 2024
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i spoke to auto analyst bill russo who gave us his outlook for the market. there is a focus on electrification with the dominance of the chinese companies who now have almost 80% share of the electric vehicle segment. this is eaten into gasoline powered vehicles by more than 10 million units. but the other important trend is the emergence of the smart device companies that are now present on the landscape. a big amount of attention given to xiaomi, the su7 shown at the show. it by far drew the biggest crowds. and also ito as supplier and manufacturer. the chinese consumers have really embraced the idea of evs and particularly smart evs. at the same time the market almost feels saturated and the economy not doing so well so in terms of sales of those evs, what kind of numbers are we seeing? the ev share of the market is for passenger vehicles 35%. more than every three individually owned vehicles that are purchased right now in china are electric vehicles. that has come in a market that is not growing — the market overall has been negative since 2017, in te
i spoke to auto analyst bill russo who gave us his outlook for the market. there is a focus on electrification with the dominance of the chinese companies who now have almost 80% share of the electric vehicle segment. this is eaten into gasoline powered vehicles by more than 10 million units. but the other important trend is the emergence of the smart device companies that are now present on the landscape. a big amount of attention given to xiaomi, the su7 shown at the show. it by far drew the...
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now together with bill russo, we continue this joint work the fact that the 1st bill of russian cosmonaut flew into space is only an external manifestation of our joint activity. although of course, our activity is not limited to this. president lucas shank and i have just talked in detail about these topics about how exactly and in what areas we can cooperate in space. you know that the got a 5 are new heavy launch vehicle has just been taken off from our new cause monroe most ocean. this is also a good step forward. with the help of the spacecraft we can deliver everything need to build the russian orbital station. i hope that this cooperation will continue. i would like to congratulate you on your holiday, you and as they say, in such cases, everyone who works in the industry, engineers, designers, workers, cosmonaut, emetics, and so on. i wish you further success was what the president put in. first of all, thank you for inviting us of willow russian cosmonaut was on board. and many people say that fellow lucy as involvement is only nominate, you know, we are not just the partners in
now together with bill russo, we continue this joint work the fact that the 1st bill of russian cosmonaut flew into space is only an external manifestation of our joint activity. although of course, our activity is not limited to this. president lucas shank and i have just talked in detail about these topics about how exactly and in what areas we can cooperate in space. you know that the got a 5 are new heavy launch vehicle has just been taken off from our new cause monroe most ocean. this is...
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Apr 29, 2024
04/24
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i spoke with bill russo, the founder of auto mobility, longtime analyst. this is what he had to say. they are coming down the leaderboard in china. bill: tesla launched a price war because they saw weakness on the horizon. they do not have new products that are relevant to the chinese consumer. it is these companies that disrupt us. they are the ones to watch right now. stephen: that was a big theme and i'm starting to see more cars on the streets. the chairman says they have orders, 5000 have been delivered. that is a trend, tech meets automobile. elon musk sees this. they've lost ground to byd. and others. haidi: steve, do you think tesla driver assistance bringing that to market will be enough to impress buyers in china who have so many incredible options available? stephen: well, there is some cachet to a tesla. they are more expensive and if you look at the leaderboard of the models in the first quarter, nine out of 10 are chinese and they are more affordable models. that is the trend, more people move toward ev's. that is why tesla is rolling out mid
i spoke with bill russo, the founder of auto mobility, longtime analyst. this is what he had to say. they are coming down the leaderboard in china. bill: tesla launched a price war because they saw weakness on the horizon. they do not have new products that are relevant to the chinese consumer. it is these companies that disrupt us. they are the ones to watch right now. stephen: that was a big theme and i'm starting to see more cars on the streets. the chairman says they have orders, 5000 have...
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Apr 29, 2024
04/24
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i caught up with bill russo, a longtime auto analyst, and here's what he said about tesla's problems in the china market. bill: tesla saw the signs of the is already on the horizon in china. and they are not even here at the autoshow. they have no new parts to brag about that are relevant to the chinese consumer. it is these companies, the disruptors like huawei and many other different brands who it needs to watch right now. stephen: i talked earlier about those regulatory hurdles for the fds system. we did get a statement coming from the china association of auto manufacturers that came out yesterday afternoon, coinciding, coincidence or not, with elon musk's arrival, giving or saying that tesla's model 3 and model y have passed data security reviews. keep in mind, tesla has kept its data of its chinese customers and cars in china, unsure, as required by chinese law since 2021. so tesla is doing the steps to remain compliant but they need to get over the hurdle to get a full self-driving system approved in china. haslinda: thank you. our chief north asia correspondent on elon musk
i caught up with bill russo, a longtime auto analyst, and here's what he said about tesla's problems in the china market. bill: tesla saw the signs of the is already on the horizon in china. and they are not even here at the autoshow. they have no new parts to brag about that are relevant to the chinese consumer. it is these companies, the disruptors like huawei and many other different brands who it needs to watch right now. stephen: i talked earlier about those regulatory hurdles for the fds...
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Apr 25, 2024
04/24
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also bill russo, longtime china analyst, he will be with us in the 11:00 hour. later we will hopefully be talking to the byd german head of their design team. and that will be very interesting. you can probably tune into that tomorrow. a number of things, just juggling the different events today will be the biggest challenge, and getting as much coverage as possible. paul: all right. our chief north asia correspondent stephen engle down there at the auto china show in beijing. sticking with cars, ford has posted its first quarter results, beating expectations on saw -- strong sales of work trucks. they have dial back on aggressive electrification push. their ev division posted another quarterly loss. still the ceo told us the company is on track for a strong year. >> we had a really solid quarter. we did not expand our guidance range between $10 billion and $12 billion but our trajectory is towards the high-end of that guidance. looks like we are on track for a really solid track. romaine: i would be remiss not asking you about what is going on in the ev space.
also bill russo, longtime china analyst, he will be with us in the 11:00 hour. later we will hopefully be talking to the byd german head of their design team. and that will be very interesting. you can probably tune into that tomorrow. a number of things, just juggling the different events today will be the biggest challenge, and getting as much coverage as possible. paul: all right. our chief north asia correspondent stephen engle down there at the auto china show in beijing. sticking with...