Speaker 1: This is Afderline Daily, the show dedicated to enthusiasts of the global automotive industry. The entire auto industry has too
much EV battery capacity. That's according to a new study
from alex Partners, which is one of our sponsors. In
North America, capacity is nearly twice as high as demand.
In Europe it's more than two times higher, and in China, EV battery capacity is five points six times higher than demand.
China's overcapacity is especially high because terras have restricted evs and components from being exported, and in North America, the capacity to demand ratio is expected to grow to two point four by twenty twenty eight and remain there through twenty thirty. That's because consumers aren't currently buying evs at
the rate that automakers and regulators expected them to, and alex Partner says the main reason car buyers aren't choosing evs is the higher prices. Extended range evs or e revs,
were the fastest growing segment in the Chinese market, but not anymore. Sales have dropped for three consecutive months, and
they're dropping by double digits. The beauty of e revs
is that they drive like an EV, so you get things like great low end torque and one pedal driving, yet they have an onboard gasoline engine to provide long driving distances. But sales are dropping in China because most
evs now deliver five to six hundred kilometers of range or roughly three hundred and ten to three hundred and seventy miles, and fast charging stations are becoming quite common as well. E revs were developed to dress range and
charging time anxiety, but as evs improve, those anxieties are fading away. We've got some product intel on that RAM
mid size pickup truck auto Forourcast Solutions reports that production was pushed back by three months to February of twenty twenty eight at the Toledo Supplier Park. The truck will
be built on the Stella large platform under the code name R seven p N. As we've reported before, that
truck will walk into a b's nest of competition including the Toyota Tacoma, Chevy Colorado, Ford Ranger, Nissan Frontier, Honda Ridgeline, GMC Canyon and soon a new entry from Hyundai, VW and Audi have been clobbered in the Chinese market. Losing
sales and bleeding market share, but they haven't given up and are starting to turn things around. Part of that
includes pr efforts like the Audi E five Sportback, setting the fastest time for cars under sixty nine thousand dollars at China's racetrack called Asia's Ridge Circuit. It also includes
adding new models with more in car intelligence and Level two plus driver assistance Technology's part of the reason Audi's sales shot up more than nineteen percent last month. Surprisingly,
VW has actually grown market share with some of its gasoline models, but it's also adding new evs to its lineup, like the id Uniques, which is introducing a whole new form language to VW styling. It's a crossover with seven
hundred kilometers of CLTC range or about four hundred and thirty four miles. At a time when some are saying
that foreign automakers ought to abandon the Chinese market, VW and Audi are showing the value of not giving up and fighting to get back into the game.
Speaker 2: The automotive and industrial sectors are undergoing a historic transformation electrification, digitalization, supply chain reinvention, regulatory shifts. The pace is accelerating and
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Speaker 1: We've seen several attempts to introduce in wheel hub motors, the most recent being Lordstown, but so far those attempts have failed. However, another car maker is going to give
them a shot. Chinese automaker dong Fung It filed documents
with the Ministry of Industry and Information Technology, one of China's top regulators, for a version of its EPI zero zero seven Sedan with four individual in wheel motors. Each
unit produces one hundred kilowatts, so combined output comes to five hundred and thirty six horse power. While many Chinese
automakers makes some of their parts in house, these motors will be sourced from the Shanghai Automobile Electric Drive Company.
No word on when the model might hit the market or what pricing might be, although current versions of the sedan range in price from about sixteen thousand to twenty one thousand dollars. Kia is going to reveal the next
gen Tell You Ride at the LA Auto Show, which kicks off later this month, but it is giving us a preview of the new suv. Kia says there will
be a number of trim levels offered, including this one here called X Pro, which is meant to look more rugged.
While we see some styling inspiration from the current generation, there's also some big departures like a much bigger grill, as well as some smaller changes like flush mounted door handles.
We think part of the reason the grill is so much bigger is because the overall vehicle grew in size.
The wheelbase was stretched by three inches. It's two point
three inches longer overall one inch taller. The interior also
looks like almost every surface was touched by designers and is highlighted by a large digital display screen that floats on top of the dash. No word on powertrain offerings yet,
but Kia calls the new Tell You Ride it's quote flagship gas powered SUV. Tesla is losing another program manager. Yesterday,
the head of the cyber truck and Model three left, and soon after that the head of the midle y program.
Emmanuel Lamachia also announced he's leaving Tesla after eight years with the company. Tesla has seen a bunch of talent
leave the company this year, with at least ten high level leaders and executives stepping away, and as we reported yesterday, Tesla struggled in China last month. Its sales fell ten
percent to just under sixty one five hundred units in October, but that figure also includes China made exports, and when you exclude those vehicles, Tesla sold twenty six one hundred units in the domestic market, and that means the Shaomi U seven, which only started deliveries in July, outsold the Model Why. Last month, according to data from the China
Passenger Car Association, Shaomi sold thirty three thousand, six hundred U sevens, easily outpacing the Model Why. Overall, Shaomi has
delivered more than seventy thousand U seven since its launch in July. And that brings us to the end of
today's show. Thanks for making autoline a part of your day.
Speaker 3: Auto Line Daily is brought to you by alex Partners.
When it really matters CSP, the composites solution partner, Intrepid Control systems over the air engineering boost your game and thanks to the following YouTube and Patreon members.
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About this episode
The global auto industry faces a glut of EV battery capacity, with China leading in overcapacity due to export restrictions and slower EV adoption driven by high prices. Extended range EVs are losing ground in China as pure EVs improve in range and charging infrastructure. Ram's new mid-size pickup launch is delayed, while VW and Audi fight to regain market share in China with new EVs and tech. Chinese automaker Dongfeng plans a sedan with in-wheel motors, and Kia previews its larger, redesigned Telluride SUV. Tesla faces executive departures and declining sales in China, losing ground to local competitors like Shaomi.
- Auto Industry Has Too Much EV Battery Capacity - EREV Sales Tanking in China - Ram Delays New Mid-Size Pickup - VW and Audi Clawing Back Sales in China - Dongfeng Sedan Getting In-Wheel Hub Motors - Kia Restyles the Telluride - Tesla Loses Yet Another Exec. - Xiaomi YU7 Outsells Model Y in China
