Episode #178 - XPeng MONA M03, BYD 50% Global, Vauxhall Goes Low (£24K LOW)

The podcast starts with Tu and Lei's thoughts on the XPeng's Mona M03 and the aggressive pricing that was announced for the vehicle. This evolves into a recap of XPeng history on product launches and the hope that this launch can be more successful than their past ones. Tu mentions that there are bad takes out there and emphasizes that price doesn't automatically dictate the segment in China anymore since the Chinese EV makers are offering tremendous value during this price war.The two switch topics over to the Chengdu Motor show and give a brief history lesson on the Chinese auto show hierarchy and what they expect from Chengdu. This discussion moves onto Tesla news about offering a 7-seat Model Y for China and their current promotions that have allowed them to keep production high in China. Lei mentions Tu's LinkedIn post that got a bit of attention referring to BYD's forecast of 50% of sales in the future will be ex-China. They then discuss the possibillity of and the scenarios that would help them achieve that goal. The podcast ends with a discussion on the recently announced Vauxhall Frontera EV being offered in the UK for £24K ($28K) and why other legacy automakers aren't able to get to that price. The Best Pizza Franchise OpportunityAnthony & Luca's Pizza Kitchen is the hottest new Cheesesteak & NY Pizza Franchise.Support the show