Episode #137 - Li Auto's Ambitious Plans, Porsche's Woes in China, Tu's Bay Area Adventure

China EVs & More

The pod starts with a brief update on the UAW & US Three situation but moves quickly over to a brief disussion about Li Auto's openly stated and ambitious goals of selling 3M vehicles in China by 2028.
Tu then pushes the chat to Porsche and the struggles they may beginning to see in the China market, a market they've only seen growth in since entering in 2001.
Tu and Lei move the discussion over to Great Wall Motor's Haomo.ai announcing a very inexpensive ADAS system that starts at less than ¥10K and how LiDAR and overall sensor pricing for ADAS systems will quickly move into commodity territory as Chinese providers continue to try to compete on price.
Tu brings up how GM has offered to unionize its US battery facilities as a carrot in the ongoing UAW negotiations and they both talk about how the LG & BYD partnership could be used to skirt the Inflation Reduction Act restrictions.
The podcast ends with Tu talking about his trip to SF and and both of them talking about WM's bankruptcy filing.

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1. Episode #137 - Li Auto's Ambitious Plans, Porsche's Woes in China, Tu's Bay Area Adventure (00:00:00)

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3. (Cont.) Episode #137 - Li Auto's Ambitious Plans, Porsche's Woes in China, Tu's Bay Area Adventure (00:19:01)