Episode #157 - Porsche Update, NIO's ONVO and BYD Abroad

Lei headed over to Germany for Porsche's Annual Press Conference so much of the podcast was dedicated to what Lei learned about during his visit and led to a broader discussion about Volkswagen Group and what Tu thought about VW Group's annual press conference and how important Porsche is to Volkswagen Group's global goals. After a detailed discussion on Germany's largest automaker and one of its most important brands, the discussion moved over to NIO and their reaching 40M swaps. Tu and Lei also talked a bit about NIO's mass market brand Onvo and how it'll be positioned alongside the NIO premium brand and the yet to be launched Firefly brand. The podcast ends with a discussion on not counting VW Group out just yet, although the mountain they need to climb to get back into the driver's seat in China seems insurmountable at this time. Tu also briefly discusses some of the initial quality challenges some BYD vehicles are having in the export markets, but doesn't see anything out of the ordinary or that shoud be cause for alarm just yet. BYD is new to those markets and their products will react to each of the climates differently but it's a learning process that should help them strenghthen the future quality and reliability of their global portfolio. The Best Pizza Franchise OpportunityAnthony & Luca's Pizza Kitchen is the hottest new Cheesesteak & NY Pizza Franchise.Support the show