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At ODOO.com, that's ODOO.com.
01:00
Spring is giving fresh start vibes,
01:03
like suddenly you wanna open the windows, drink more water,
01:06
and maybe act like you have your life together.
01:08
But when dinner rolls around and you're this close
01:11
to ordering takeout again, butcher box can help.
01:14
They deliver premium, clean protein straight to your door.
01:18
No antibiotics, no added hormones, no mystery ingredients.
01:22
Just real food that actually fuels your body
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instead of slowing it down.
01:26
Effortless glow up energy, but make it dinner.
01:29
For over a decade, butcher box has led the industry
01:31
with meat and seafood that's antibiotic free,
01:34
hormone free, and independently verified.
01:36
Because when it comes to fueling your body,
01:38
quality isn't extra, it's everything.
01:41
Clean whole protein means better support for strength,
01:44
metabolism, and that steady all day energy
01:48
As an exclusive offer, new listeners
01:50
can get their choice between chicken breast
01:52
or top sirloin for a year or ground beef for life.
01:56
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02:01
That's right, your choice of chicken breast
02:03
or top sirloin for a year or ground beef for life.
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That's butcherbox.com slash pods.
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It's original, HBIC here.
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being book, being busy, being the HBIC,
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02:29
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and it comes straight to you.
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And now they even offer easy and hair loss treatment
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with a prep prescription.
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Get into Qcare Plus and stay ready.
02:48
Welcome back to EV News, China.
02:50
Today, petrol prices versus charging.
02:53
Xiaomi defies a profit squeeze
02:56
and the BAIC Sodium Ion battery.
02:59
Plus they tuned, later in the show I'll tell you
03:01
how China's largest SUV is about to hit the road.
03:05
Welcome to EV News, China, the podcast dedicated
03:08
to the world's largest electric vehicle market.
03:10
Every day you get the latest headlines, insights,
03:12
and analysis from the very heart of China's booming
03:15
EV industry and decode how fast moving developments
03:18
in the East affect the global landscape.
03:21
We'll start with an ongoing topic of conversation
03:24
which is really permeating I would say the wider media
03:26
and that is rising fuel prices
03:28
because of the US-Iran war.
03:31
Fuel prices in China have climbed towards 9 yuan a litre.
03:36
That is $1.24 a litre.
03:40
Here, we're paying about $2 per litre in this country.
03:44
We have a lot of excise due to a lot of tax, if you like,
03:48
So $1.24 will seem a lot to some and not a lot to others.
03:53
That's for 92 octane petrol.
03:55
The jump has triggered long queues at filling stations
03:57
in some parts of China, though.
03:59
Chinese media hasn't missed the irony.
04:01
For one, titanium media ran the headline.
04:04
Fuel car owners finally admit
04:06
to the envy electric car owners.
04:09
Hey, by the way, if you haven't heard the bonus show
04:11
in your feed, there is a bonus podcast.
04:13
It's a two-part actually about how fuel prices are linked
04:16
to how people move to different types of vehicle
04:19
from the 1970s where people moved to cheaper Japanese imports
04:25
and to the fuel crises and energy crises of the early 2000s
04:29
and then Ukraine and things like that.
04:31
It's a bit of a listen, I must be honest with you,
04:33
maybe not for everybody, but I really enjoyed writing
04:37
Check that out in your feed.
04:38
It's a couple of bonus shows.
04:39
So I guess I started that podcast by saying
04:43
let's not pitch EV owners against combustion car owners.
04:47
And I still stick by that.
04:49
Okay, so a lot of headlines around at the minute
04:51
saying, you know, ha ha, don't you feel stupid now
04:53
for not driving an EV?
04:55
No, absolutely not.
04:56
Let's not create unnecessary friction
05:00
between if you drive a gas guzzler or an EV.
05:03
We're all trying to go about our business every day.
05:05
It's not fair that the people have to pay more money for fuel,
05:08
often for a conflict that their country's not involved in.
05:12
So let's set the table there first.
05:14
Higher pump prices have revived interest in fast charging
05:18
as well, like megawatt fast charging.
05:21
Some commentators cast it as now the clear winner
05:23
because of rising fuel prices.
05:25
Their case rests on two points.
05:27
Charge times now are close to petrol fillups
05:30
and the lower energy cost of electricity.
05:32
BYD of course have all the headlines recently for this.
05:35
They've now started bundling 18 months of free flash charging
05:39
if you buy a new Song Ultra EV in China.
05:43
It timed the offer to catch the rise in fuel costs.
05:46
The move links a cheap electric SUV
05:49
with incredibly fast charging and a simple savings claim.
05:53
BYD estimates drivers who switch
05:55
and use the free charging deal will save 20,000 yuan.
05:59
That's $2,740 over 18 months.
06:03
BYD's Dynasty Online Sales GM said domestic petrol prices
06:07
are going to rise for the fifth time in 2026.
06:10
BYD moved first last year with megawatt charging.
06:13
Its 2025 system delivered 1,000 kilowatts
06:16
from a dual gun method.
06:18
So only a couple of cars could do it
06:20
and of course you had to plug in two cables
06:24
Earlier this month, of course,
06:25
BYD unveiled megawatt ultra fast charging 2.0
06:28
which pushes peak power to 1,500 kilowatts.
06:31
But again, I believe in the small print we did miss
06:33
that that is with a dual gun technique
06:35
and you've got to arrive at a very low state of charge
06:38
and even if the real speed is 600, 800 kilowatts,
06:42
like this is still incredibly fast.
06:45
Under ideal conditions, compatible BYD models
06:48
would get to 70% in five minutes
06:51
and 20 to 97% in nine minutes.
06:55
Cherry has joined the bush.
06:57
Last week they held their battery night,
06:58
more about that in a moment actually,
07:00
their Rhino battery brand with 1,200 kilowatts peak speed.
07:04
It said the battery will add 300 miles of range
07:08
Again, it's the right car, the right infrastructure
07:10
but still we're picking around the edges, aren't we?
07:13
This is still incredibly good news for EV charging.
07:16
Rising fuel prices have made the pitch for megawatt charging
07:20
look even stronger in the last couple of weeks
07:21
until compatible models spread
07:23
and the infrastructure expands though.
07:26
It does remain more of a headline, I would say,
07:29
to get your attention and maybe your clicks
07:31
rather than reality.
07:35
Xiaomi is defying a general margin squeeze.
07:38
It's happening in China.
07:40
China's automotive sector recorded net margins of 4.1%
07:43
last year, lowest in a decade,
07:45
price wars, raw material volatility
07:48
and big spending on R&D cut their profits.
07:51
Xiaomi has moved to the other way.
07:54
It reported full year revenue of 20.25 of 457 billion yuan.
07:59
That's up 25% year on year and profit up 43%.
08:04
It's smart EV and AI segments of the business
08:08
did more than grow.
08:10
Its revenue rose 220% year on year.
08:14
Their first annual operating profit as well
08:16
with a gross margin at Xiaomi of 24% margins.
08:21
That's a business that anybody would love to be in.
08:23
The margin stands out.
08:24
BYD's margins are about 17.6%, Tesla about 15%.
08:29
In a market that punishes weak pricing
08:32
and sloppy costing, Xiaomi is doing really well.
08:36
Scale has helped deliveries reached 411,000
08:39
Xiaomi vehicles last year.
08:41
Demand didn't fade at the turn of the year
08:43
because there was a new refreshed SU7,
08:48
But sales went down but didn't fall off a cliff.
08:51
15,000 confirmed orders in the first half an hour
08:56
It doesn't make Xiaomi immune though.
08:58
Purchased tax incentives being cut in half this year.
09:01
That will trigger compensatory discounts.
09:04
You would think rivals are preparing targeted response
09:08
in premiums, sedans and mid SUV segments.
09:12
Exactly where Xiaomi has placed their brand.
09:15
There's also pressure inside the group.
09:17
Soft performance in Xiaomi's smartphone divisions
09:19
where they came from could hurt resource allocation
09:24
in their EV business.
09:25
Let's talk batteries.
09:26
BAIC has detailed its Sodium-Ion battery
09:29
called Aurora, a new entry in China's race
09:32
to turn Sodium-Ion into a mainstream commercial product.
09:36
BAIC says the battery can do 450 kilometers of range
09:41
with cell energy density of 170 watt hours
09:45
per kilogram and 4C fast charging.
09:48
So obviously the range figure depends on
09:50
well how big is the battery.
09:52
So it's nice they've given us a number.
09:54
Doesn't mean a lot.
09:55
But the energy density is a key figure,
09:58
170 watt hours per kilogram,
10:00
right there with LFP technology of today in the mainstream.
10:04
And 4C ultra fast charging is pretty good as well.
10:07
The company says the pack will fully charge in 11 minutes.
10:10
Again, what pack, how big?
10:13
They say that their Aurora battery platform
10:15
covers lithium, solid state and Sodium-Ion chemistries.
10:19
Aurora targets familiar weaknesses in Sodium-Ion.
10:23
So the first one is temperatures.
10:26
So BAIC say their Sodium-Ion pack works
10:28
from minus 40 degrees Celsius,
10:30
which if you're living in that conditions,
10:34
But also there's not many EVs
10:36
that need to work at minus 40.
10:38
I mean, we like the durability number.
10:40
It's a small amount of cars
10:41
all the way up to 60 degrees Celsius.
10:46
It removes lithium entirely from the system, obviously.
10:49
It also uses biomass hard carbon.
10:51
BAIC says the battery packs cost is 15% below
10:56
an equivalent lithium-Ion phosphate.
10:58
So we have very durable, we're very fast charging,
11:00
and we have very cheap cost.
11:02
Charging has been a problem for Sodium-Ion chemistries.
11:06
They identified Sodium-Metal precipitation
11:09
on the negative electrode during high rate charging.
11:12
There's a safety challenge.
11:13
The R&D team they say developed
11:14
what it calls a smart pouring strategy
11:17
that prevents the problems.
11:20
In testing, the battery was overcharged to 200%.
11:24
There was no fire, there was no explosion, no thermal event.
11:27
It also survived heating to 200 degrees Celsius
11:31
with no fire or explosion.
11:33
That more than beats the China national standards
11:37
for security by a lot.
11:39
BAIC said that the range of a Sodium-Ion battery suits
11:43
daily commuting in an A-segment family car,
11:46
which is plausible enough.
11:48
So Sodium-Ion has long promised lower cost.
11:51
Range has been an issue.
11:52
Fast charging's been an issue as well.
11:54
Cold weather performance looks to be solved in this.
11:58
Anything that brings down the cost of an EV
12:00
has got to be a good thing, right?
12:02
Finally, we'll talk batteries
12:03
in the first half of the podcast.
12:05
And Cherry recently used their battery nights last week
12:09
to unveil their Rhino battery product family.
12:11
I've talked about it already.
12:13
The line spans liquid electrolyte cells in solid state.
12:16
The solid state range is interesting
12:18
because they're calling it the Rhino S
12:20
and they claim 400 watt hours per kilogram.
12:24
That's very, very high.
12:26
Not the highest of the technologies,
12:27
but for pure solid state, that's very good.
12:30
So they say the average EV could support a range
12:35
of maybe 900 miles or 1500 kilometers,
12:39
obviously with a big enough battery
12:41
because their target is 600 watt hours per kilogram.
12:45
It plans to fit a semi-solid state electrolyte hybrid,
12:49
first of all, to the X-seed luxury SUV, the EX7.
12:52
That's being done this year.
12:54
The X-seed ES8 will become the first EV
12:58
with an all solid state battery.
13:01
A real world vehicle testing in those X-seed models
13:04
is a really good way to expose any stresses or weaknesses
13:07
that the labs can't replicate.
13:09
Even so, Car News China noted that Cherry
13:12
didn't disclose the charging rate.
13:14
And that's interesting,
13:14
because if it was good, they would have said.
13:16
So you can take the silence however you want.
13:20
Some industry observers taking that as a technical hurdle
13:22
that still hasn't been overcome.
13:25
The emission stands out because rivals have given numbers.
13:27
Dong Feng, for instance, talk about a 1C charging rate
13:30
for their all solid state cells.
13:33
Fabulously complicated to get right.
13:35
The prize is really big if they do.
13:37
Cherry says, there's a lot of people
13:40
making claims about solid state.
13:41
We have to be very careful, I do as well anyway,
13:43
at least with the editorial content of this show for you,
13:47
how much gets reported on some of those companies
13:50
are seeking funding, some of them seeking attention.
13:53
So you have to be very careful.
13:54
Cherry, for instance, has 1,200 people
13:57
working on their solid state, just their solid state staff.
14:01
90% of them, so we'll say around 1,100 people,
14:04
hold either a master's degree or a doctorate.
14:08
And that's 90% of the people in that division
14:10
working on solid state.
14:12
Cherry, for instance, have invested 1.3 billion euros,
14:15
that's 1.4 billion dollars in its solid state battery program
14:19
by far not the biggest.
14:21
But I think we need to take that one quite seriously.
14:24
All right, we'll keep an eye on it, as always,
14:26
lots of work to do.
14:27
We'll come back, we'll talk about X-Pong and Freelander
14:29
from, yeah, Freelander, as in the Land Rover name.
14:33
It's back, but not as an actual car.
14:36
I'll explain, back in a moment.
14:38
Spring is giving fresh start vibes,
14:40
like suddenly you wanna open the windows, drink more water,
14:43
and maybe act like you have your life together.
14:46
But when dinner rolls around and you're this close
14:49
to ordering takeout again, ButcherBox can help.
14:52
They deliver premium, clean protein straight to your door.
14:55
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Just real food that actually fuels your body
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instead of slowing it down.
15:03
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15:06
For over a decade, ButcherBox has led the industry
15:09
with meat and seafood that's antibiotic-free,
15:11
hormone-free, and independently verified.
15:14
Because when it comes to fueling your body,
15:16
quality isn't extra, it's everything.
15:18
Clean whole protein means better support for strength,
15:21
metabolism, and that steady all-day energy
15:25
As an exclusive offer, new listeners can get their choice
15:28
between chicken breast or top sirloin for a year,
15:31
or ground beef for life.
15:33
Plus $20 off when you go to ButcherBox.com slash pods.
15:38
That's right, your choice of chicken breast
15:40
or top sirloin for a year, or ground beef for life.
15:44
Plus $20 off your first box and free shipping always.
15:49
That's ButcherBox.com slash pods.
15:52
Don't forget to use our link so they know that we sent you.
15:55
It's the original HBIC here.
15:57
If you are out here living your life, being fabulous,
16:00
being book, being busy, being the HBIC,
16:04
you need to be taking care of yourself.
16:06
That's why I love QCare Plus.
16:09
Prep, DoxyPap, baby, it's fast, it's easy, it's online,
16:14
and it comes straight to you.
16:16
And now they even offer easy and hair loss treatment
16:20
with a prep prescription.
16:21
Get into QCare Plus and stay ready.
16:26
Spring is giving fresh start vibes.
16:29
Like suddenly you wanna open the windows, drink more water,
16:32
and maybe act like you have your life together.
16:35
But when dinner rolls around
16:36
and you're this close to ordering takeout again,
16:40
ButcherBox can help.
16:41
They deliver premium, clean protein straight to your door.
16:44
No antibiotics, no added hormones, no mystery ingredients.
16:48
Just real food that actually fuels your body
16:51
instead of slowing it down.
16:52
Effortless glow up energy, but make it dinner.
16:55
For over a decade, ButcherBox has led the industry
16:58
with meat and seafood that's antibiotic free,
17:00
hormone free, and independently verified.
17:03
Because when it comes to fueling your body,
17:05
quality isn't extra, it's everything.
17:07
Clean whole protein means better support for strength,
17:10
metabolism, and that steady all day energy
17:15
As an exclusive offer, new listeners can get their choice
17:18
between chicken breast or top sirloin for a year,
17:21
or ground beef for life.
17:23
Plus $20 off when you go to ButcherBox.com slash pods.
17:27
That's right, your choice of chicken breast
17:30
or top sirloin for a year, or ground beef for life.
17:34
Plus $20 off your first box and free shipping always.
17:38
That's ButcherBox.com slash pods.
17:41
Don't forget to use our link so they know that we sent you.
17:44
It's the original HBIC here.
17:46
If you are out here, living your life, being fabulous,
17:50
being book, being busy, being the HBIC,
17:53
you need to be taking care of yourself.
17:55
That's why I love QCare Plus.
17:59
Prep, DoxyPap, baby, it's fast, it's easy, it's online,
18:03
and it comes straight to you.
18:05
And now they even offer easy and hair loss treatment
18:09
with a prep prescription.
18:11
Get into QCare Plus and stay ready.
18:14
Hey, welcome back to the podcast.
18:16
The cherry-built Jaguar Land Rover Joint Venture has,
18:20
well, they will unveil the Freelander brand.
18:22
We've seen some showrooms, some photographs
18:24
coming out of China of vehicles, of branding,
18:28
The official unveil is March 31st.
18:30
So we've only got six days to wait.
18:33
The partnership calls it the 2.0 era for Freelander.
18:36
So Freelander's not going to be a car, as you may remember it.
18:39
Freelander will stand apart from Jaguar Land Rover's
18:42
existing portfolio and from Cherry's EV lines.
18:45
The Joint Venture is going to be a standalone electric brand.
18:49
I mean, they've got the Freelander name.
18:50
After all, they own that and all the relevant bits of paper
18:54
that go with it to stop other people using it.
18:58
They say, of course, they will use the heritage of Land Rover,
19:01
Freelander, off-road DNA, stuff like that,
19:03
which gives the name some weight already.
19:06
Original Freelander came in 1997 and led European SUV sales
19:10
for five consecutive years for mixing off-road capability
19:14
and urban usability.
19:16
I mean, many Freelanders never went off-road, of course.
19:19
The first new model will be a large, six-seat, plug-in hybrid.
19:24
Teaser images show a square jawed, rugged shape.
19:27
And again, these display, these retail spaces
19:29
are now being prepared this week.
19:31
And the design has drawn comparisons already
19:33
to the Defender built in China, which is a smaller one.
19:36
Cherry, Jaguar Land Rover has laid the ground for its launch.
19:39
Freelander's global operational base includes Shanghai
19:43
for their headquarters.
19:44
The design center is in Gaiden in the UK.
19:46
Shanghai Design Center too, a research center in Suzhou,
19:50
and a Changzhou Manufacturing Facility.
19:54
They've invested $415 million, or $3 billion one,
19:57
to upgrade the factory, ready for production later this year.
20:01
Now let's talk a couple of X-Pong stories.
20:03
They're Mona brand.
20:05
They've previewed the new Mona M03.
20:09
That's an electric saloon, and they're pushing its in-house
20:12
X-Pong's Turing AI chip into their brand's lowest-cost vehicle.
20:19
The CEO, He Xiaoping, said the updated car
20:22
has arrived in stores now in China.
20:24
That matters because the Mona M03 starts at $17,380.
20:30
That's $120,000 RMB.
20:32
X-Pong said the Turing chip brings an all-scenario-based
20:36
assisted driving system at well under $20,000 for the first time.
20:41
The Mona M03 has 750 tops of smart driving compute.
20:46
X-Pong has good reason to celebrate and back the model,
20:49
the M03 was the top-selling vehicle for Mona last year,
20:54
with 175,500 deliveries.
20:57
That's 41% of their total company business.
20:59
It's kept that lead in January and February this year
21:02
with 11,000 deliveries and 31% of X-Pong's volume
21:07
across the two months.
21:08
Also, they're not stopping there with the M03.
21:12
Uncamouflaged spy shots of the X-Pong Mona D2
21:17
appeared online today, giving the clearest look yet.
21:20
This is sort of parked in a kind of, it looks like a back alley,
21:22
like a street, but not camouflaged at the next Mona model.
21:27
It's a compact SUV shape, I would say.
21:30
It's going to debut definitely in 2026 because it looks ready,
21:34
and it will expand Mona beyond the sub-brand of simply M03.
21:38
So M03 or M03 is a sedan, the D2 will be an SUV,
21:45
but otherwise carrying over all the same design language.
21:48
It doesn't use LiDAR.
21:50
It relies on a pure vision-based drive-resistant system
21:53
with urban driving powered by its end-to-end AI model.
21:57
Inside, look the same as the M03,
21:59
the cabin would center on a large,
22:00
high compute infotainment screen.
22:03
The D2 will use a single motor, we think,
22:05
160 kilowatts or 215 horsepower,
22:08
an LFP pack around 370 miles or 600 kilometers
22:11
on the China cycle, but price is where this is all about.
22:15
So I've mentioned the $17,000 price before,
22:18
this would sit somewhere above it.
22:21
It's a larger SUV vehicle than the M03,
22:25
maybe 20 grand, 150,000 RMB,
22:27
would place it close to trade on the M03's appeal,
22:31
but staying in that price bracket.
22:34
Also, I don't know how true this is or not,
22:37
but it's a nice headline.
22:39
Rumors in Chinese media suggest they may name it the Lisa.
22:43
As in, yeah, I mean, you beat me to it already, didn't you?
22:47
All right, I'll move on.
22:48
I'm not joking, it's not 1st of April yet, by the way.
22:50
Right, we'll finish off by talking about the NEO ES9,
22:54
China's largest SUV, uncamouflaged by shots.
22:58
Surfaced today, 25th of March, showing it in a gold,
23:02
I think they call it Dawn Gold.
23:04
Hey, it's just a beautiful gold color.
23:06
Really lovely exterior finish on the NEO ES9.
23:10
So the NEO ES9 is doing big business,
23:12
the latest third gen version of ES8.
23:14
And honestly, it's a great vehicle as well.
23:16
Using chrome trim across the front, fascia,
23:19
side profile and rear, this NEO ES9 steps it up.
23:23
So the filings we've already got from the ministry on this
23:25
is 5.365 meters, 2.02 meters wide
23:33
and 1.87 meters high, with a 3.25 meter wheelbase.
23:39
Well, three and a quarter meter wheelbase is enormous.
23:42
It makes it larger than a Rolls-Royce Cullinan,
23:46
larger than the long wheelbase Range Rover Vogue.
23:49
NEO CEO William Lee has already confirmed
23:52
it's the largest vehicle NEO has built.
23:54
Under the skin, it's really special.
23:57
It's got the Skyride Intelligent chassis system
23:59
with steer by wire, rear wheel steering,
24:01
fully active suspension, check out Monday's podcast.
24:03
I think it was Monday's, I gave you more details on that.
24:05
All controlled by a single chassis domain controller.
24:09
9th of April is the official,
24:11
well, they call it the technology launch.
24:13
So maybe that's not first drives,
24:15
but they call it the tech launch 9th of April.
24:18
It'll definitely enter the market in Q2.
24:22
Pricing between 500 and 700,000 RMB.
24:26
So you're up against there, the Lioto L9, the Ito M9.
24:29
These are the nine series in Chinese name plate parlance.
24:35
The really big top end vehicle.
24:37
So that can't be far away.
24:38
This does look really, really nice, by the way.
24:40
So it's a proper Range Rover,
24:42
long wheelbase Range Rover competitor
24:45
that these spy shots look like.
24:47
And honestly, the styling, not a million miles away.
24:50
The front end, very different to a race.
24:51
Not a lot you can do with the front end
24:53
of a big beast like this.
24:55
But it's certainly been Neo'd, if that makes any sense,
24:59
if you've seen the Neo EOS 8.
25:00
From the A pillar backwards,
25:02
well, it's just a big kind of Range Rover style vehicle.
25:05
But two tone color.
25:07
So the beautiful gold's got a black,
25:08
high gloss black roof on this one.
25:11
And you can see the pop out door handles are out.
25:13
The driver door is open.
25:15
So you got some nice shots of the wood trim
25:19
Yeah, this looks really nice.
25:20
All right, that's our podcast for today.
25:22
Thanks for listening.
25:22
I'll see you on the next one.
25:27
Spring is giving fresh start vibes.
25:29
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26:44
The National Education Association, NEA's Read Across America
26:48
is the nation's largest celebration of reading,
26:51
helping students of all ages connect with diverse,
26:54
inclusive books that make them feel seen
26:56
and expand their worlds.
26:58
America's educators are committed to inspiring
27:00
a nation of readers, sharing the joy of reading
27:02
by creating classrooms and communities
27:05
where every student can access books
27:07
that make them feel reflected and respected.
27:09
But right now, access to diverse, age-appropriate books
27:13
is under attack like never before.
27:16
The past four years have brought an unprecedented number
27:18
of book bans, 6,870 in the 2024-25 school year alone.
27:25
NEA's Read Across America celebrates the joy of reading
27:28
through curated book lists, recommended authors,
27:31
and ready-to-use resources that help every parent and child
27:34
find the stories they connect with.
27:37
Join NEA's Read Across America
27:39
and celebrate the magic of books.
27:41
Learn more at readacrossamerica.org.
27:44
It's the original H-B-I-C here.
27:47
If you are out here living your life, being fabulous,
27:51
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27:54
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