Showing posts with label Tesla. Show all posts
Showing posts with label Tesla. Show all posts

Monday, June 27, 2022

The digital transformation of China’s rural communities – Winston Ma

 

Winston Ma

Financial analyst Winston Ma looks at Tesla village Panzhiga as an example of how China’s rural areas moved upward on the road of digitalization for the World Economic Forum. Tesla’s and domestic EV cars are becoming a symbol of success in those areas.

Winston Ma:

The evolution of Tesla village Panzhiga is another giant step forward for the digital transformation of China’s rural economy, from the earlier years of “Taobao villages”.

In recent years, the mobile internet and digital technologies have had a profound impact on China’s rural economy. There are many villages with a majority of farmers working on Alibaba’s shopping site Taobao – earning them the name of “Taobao villages”.

A Taobao village is defined by Alibaba as “a village in which over 10% of households run online stores and village e-commerce revenues exceed RMB 10 million (roughly $1.6 million) per year”. According to Alibaba’s data, there are more than 1,000 Taobao villages in China.

Of course, “Tesla villages” – or “EV villages”, as Chinese electric vehicle brands are quickly catching up and competing with Tesla head-to-head – are still few and far between. The snazzy, high-end electric cars are often associated with environmentally-conscious urban elites, but this will soon change.

In June 2022, China announced a broad campaign in which 26 automakers will create incentives for people in rural China to buy electric vehicles (EVs). Car manufacturers will be encouraged to work on sales incentive programmes, in collaboration with e-commerce platforms, to generate offline car sales in rural areas and lower-tier cities.

To put all these into context, China views the EV development as strategically important to transform its automobile industry. First of all, car ownership in big cities in China already reached a saturation point and thus needs a breakthrough.

Secondly, China vowed to reach “carbon neutrality by 2060”, and consequently, it has declared that by 2035 all new car sales in China must be either full EVs or hybrids (collectively known as new energy vehicles). As such, the rural area is an under-explored market with great potential.

More at the World Economic Forum.

Winston Ma is a speaker at the China Speakers Bureau. Do you need him at your (online) meeting or conference? Do get in touch or fill in our speakers’ request form.

Are you looking for more experts on innovation at the China Speakers Bureau? Do check out this list.

Monday, June 14, 2021

How Tesla loses its EV-market in China – Arnold Ma

 

Arnold Ma

Devastating competition has made many victims in booming China, and now Tesla is the next one as it loses dominance in the world’s largest EV market, says business analyst Arnold Ma in Jing Daily.

Jing Daily:

In China, consumers can choose from a vast amount of foreign and domestic car brands and models. And although Tesla was once a pioneer, competition has now either caught up or evolved. This fierce local competition is coming from Nio and Xiaopeng motors, Arnold Ma, CEO and founder of agency Qumin, said. “As battery swap technology becomes more widespread, Tesla simply cannot compete with the footprint of battery stations of domestic companies.” Nio, the domestic favorite in the luxury arena, is tapping battery swapping — a strategy shunned by Tesla.

More in the Jing Daily.

Arnold Ma is a speaker at the China Speakers Bureau. Do you need him at your (online) meeting or conference? Do get in touch or fill in our speakers’ request form.

Are you looking for more experts on luxury goods at the China Speakers Bureau? Do check out this list.

 

Monday, November 16, 2020

China believes it will produce the alternative for Tesla – Rupert Hoogewerf

 

Rupert Hoogewerf

China’s electric car makers saw their value rise over the past post-corona months, as they believe they can produce an alternative for US-car maker Tesla, says Rupert Hoogewerf, chairman of the Hurun China rich list to the South China Morning Post. 

The South China Morning Post:

The California-based marque leads China’s premium electric vehicle segment, buoyed by locally built Model 3 sedans. Tesla delivered 79,908 made-in-Shanghai Model 3s in the first nine months of this year, beating its Chinese rivals by a large number amid a slump in the overall market due to the Covid-19 pandemic.

In September, Nio delivered 3,226 of its ES6 sport-utility vehicles, a year-on-year increase of 87 per cent. But it was still behind Tesla by quite a distance, as the US company sold 11,329 Model 3s the same month.

Rupert Hoogewerf, the chairman and chief researcher at Hurun Report, which compiles the Hurun China Rich List, said the rallies in Chinese electric carmakers had resulted from a belief that they would evolve into China’s answer to Tesla in the future.

“The sector is interesting to watch because they are potential game changers in the automotive industry,” he said. “We don’t know the answer yet to whether they can become powerful players in the fast-changing automotive industry.”

More at the South China Morning Post.

Rupert Hoogewerf is a speaker at the China Speakers Bureau. Do you need him at your (online) meeting or conference? Do get in touch or fill in our speakers’ request form.

Are you looking for more stories by Rupert Hoogewerf? Do check out this list.

Tuesday, May 05, 2020

How companies use corona fears to sell their products - Shaun Rein

Shaun Rein
Most of China is moving away from the coronavirus crisis, but the fears are still running deep. Companies, notably the hard-hit car industry, try to use that fear for marketing their products, says business analyst Shaun Rein to the BBC. 

BBC:
Shaun Rein, managing director at the China Market Research Group, ...: "Companies are trying to take advantage of fears of Covid-19 to sell products and services to consumers and to be able to charge a premium." 
In 2015, Tesla sold cars with anti-pollution filtration systems that were very popular in China. Its "Bioweapon Defense Mode" was aimed at people worried about air pollution in cities. 
"Auto makers are now trying to position their cars as safe against viruses too. I'm no doctor or scientist, but I'd warn consumers to be cautious of any company saying their products reduce virus transmissions, especially Covid-19 ones," Mr Rein said.
More at the BBC.

Shaun Rein is a speaker at the China Speakers Bureau. Do you need him at your meeting or conference? Do get in touch or fill in our speakers' request form.

Are you looking for more marketing experts at the China Speakers Bureau? Do check out this list.  

Wednesday, August 30, 2017

The uptick in spending on real estate, Tesla and Baijiu - Rupert Hoogewerf

Rupert Hoogewerf
The China's luxury Consumer Price Index (CPI) rose 3.6% on a yearly basis in 2017, both based on more wealthy Chinese, and an uptick in the money they spend. Chief researcher of the Hurun China rich list Rupert Hoogewerf says expenditure on real estate, Tesla and Baijiu going up, he tells in Asia Times.

Asia Times:
The Luxury Consumer Price Index, released by Hurun each year, aims to measure the price changes for a predetermined basket of goods and services purchased by China's high-net-worth individuals (HNWI). The index covers the consumption activities of wealthy Chinese in the following 11 categories: real estate, health, education, luxury tourism, weddings, watches & jewelry, accessories & beauty products, cruises & private jets, lifestyle, liquor & cigarettes, and automobiles. 
The 2017 index, which gauges prices from June 2016 to June 2017, was calculated based on a basket of 116 high-end goods and services, 20% of them imported. The issue marks the 11th edition of the index. 
The depreciation of the Chinese yuan against major global currencies over the past year has been the main reason for the decreasing purchasing power of China's rich population with respect to buying luxury property worldwide and high-end imported goods. 
Based on Hurun's estimates, there were nearly 1.34 million HNWIs in mainland #China by May 2016, while the number of individuals with over a billion yuan of wealth was close to 89,000. Over the past year, this population has borne the brunt of the price spike in the areas of luxury property, liquor, lifestyle and travel. 
'What impresses me most, this year, is how much the price of real estate, baijiu (a traditional Chinese liquor) and Tesla has increased,'said Rupert Hoogewerf, chairman and chief researcher of the institute, 'completely lifting up the luxury CPI.' 
For affluent Chinese buyers, the price of luxury property has gone up 16.6% since last year. Domestically, a villa in China's southwestern city Chengdu spiked 56.5%, followed by properties in Hainan (a rising tourism city) and Shanghai. Housing prices in overseas cities such as Vancouver, San Francisco, Los Angeles and New York also jumped.
More in Asia Times.

Rupert Hoogewerf is a speaker at the China Speakers Bureau. Do you need him at your meeting or conference? Do get in touch or fill in our speakers' request form. 

Are you looking for more experts on luxury goods at the China Speakers Bureau? Do check out this list.    

Thursday, July 27, 2017

Winners in luxury: property, baijiu and Tesla - Rupert Hoogewerf

Rupert Hoogewerf
Spending on luxury in China went up over 80 percent over the past ten years, reveals the Luxury Consumer Price Index (LCPI). HuRun chief researcher Rupert Hoogewerf points in ECNS at three major winners: property, baijiu and Tesla.

ECNS:
The gauge represents a basket of 116 high-end goods and services, 20 percent of which are imported. It is the 11th of this kind issued by HuRun research institute, which tracks changes among China's high-net-worth individuals. 
The index compares the price level from June 2016 to June 2017, while noting that the LCPI rose by 3.6 percent so far this year, outpacing a 1.5 percent increase in CPI. 
"What impresses me most this year is the increase in property prices, baijiu (a Chinese alcohol), and Tesla cars, which drive the general luxury consumer price up," said Rupert Hoogewerf, chairman and chief researcher of the institute. 
Of the 11 categories measured by HuRun, luxury housing price led the upward trend, up 16.6 percent from the previous year. And baijiu recorded huge price surge, with Wuliangye, one of China's most famous high-end Baijiu brands, rising as high as 30.5 percent. 
The LCPI report attributed more expensive luxury houses and imports to the depreciation of yuan, as many foreign currencies became stronger, with exchange rate of US dollar against renminbi up 3.6 percent year-on-year as of June 9. 
Gold and diamond maintained momentum, up 9.6 percent and 3.3 percent respectively. And Tesla electric cars increased by 4.5 percent, thank to favorable policies in China to support electric car development, the report noted. 
However, wedding and healthcare markets witnessed a decline for the first time, dropping 3.6 percent and 3.5 percent respectively.
More at ECNS.

Rupert Hoogewerf is a speaker at the China Speakers Bureau. Do you need him at your meeting or conference? Do get in touch or fill in our speakers' request form.

Are you looking for more luxury experts at the China Speakers Bureau? Do check out this list.