Honda’s $15B EV Collapse, Porsche Profits Crash, and China EVs Surge | Episode #241

This week on China EVs & More, Tu and Lei break down one of the most turbulent weeks yet for the global auto industry.  Honda stunned the industry by announcing $15.7 billion in EV write-downs and abandoning its “Zero” EV program, marking the company’s first loss in its 70-year history. Porsche and Volkswagen Group also revealed dramatic profit declines as EV investments, tariffs, and China market pressures weigh heavily on legacy automakers.Meanwhile, China’s EV sector continues to move at breakneck speed. NIO and Li Auto both reported earnings and ambitious 2026 growth targets, while a new wave of large luxury SUVs — from AITO, BYD, Xpeng, and others — intensifies competition in China’s most profitable segments.The hosts analyze how China’s relentless product cycles and rapid innovation are redefining the global automotive landscape, leaving Western automakers scrambling to catch up.Other key topics include:Why the Tesla Model 3 could face pressure from Xiaomi’s refreshed SU7The coming explosion of large electric SUVs at the Beijing Auto ShowWhether Chinese EVs could soon challenge U.S. truck and SUV dominanceThe role of partnerships and acquisitions as Chinese and Western automakers increasingly collaborateHow Canada’s new EV policy could open the door to Chinese brands in North AmericaFrom collapsing profits to accelerating innovation, this episode highlights a stark reality: the global EV race is no longer just about electrification — it’s about technology speed, scale, and survival._______🔑 SEO Keywords (for description & podcast discovery)China EVs & More, Tu Le, Lei Xing, Honda EV write-down, Porsche profits decline China, Volkswagen Group earnings EV losses, China EV market competition, Xiaomi SU7 refresh, Tesla Model 3 China competition, large electric SUV market China, NIO earnings 2026, Li Auto earnings results, BYD SUV lineup, Chinese automakers global expansion, EV industry transformation, Beijing Auto Show EV news______⏱️ YouTube Chapter Timestamps00:00 Intro and episode overview01:10 Honda’s $15.7B EV write-down explained03:30 Porsche profit collapse and China sales decline05:40 Volkswagen Group earnings and EV investment impact08:20 NIO earnings and growth targets for 202612:00 Li Auto earnings and strategy reset15:00 Explosion of large electric SUVs in China18:30 Why Xiaomi’s SU7 refresh could challenge Tesla Model 322:00 Tesla’s product strategy and lack of refreshes25:30 The coming SUV battle in China’s EV market29:00 Canada opening the door to Chinese EV imports33:00 Partnerships between Chinese and Western automakers36:30 Future of global EV competition38:30 Wrap-up and final thoughtsThe Best Pizza Franchise OpportunityAnthony & Luca's Pizza Kitchen is the hottest new Cheesesteak & NY Pizza Franchise.Support the show