Xpeng's CEO says many automakers will go bankrupt: only 10 will be left

Xpeng's CEO says many automakers will go bankrupt: only 10 will be left

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#xpeng #ceo #bankrupt #automake #evnews

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[ainschuntayleuhn]

Do you know which car company I want to see succeed, it’s the one that builds an EV that I can afford!

[lumtavon]

Agree with most of your list.
Sad but many potential loosers still do not realise the EV transition speed is only accelerating.
My hope is some minor ones will go bankrupt very soon(as banks withdraw) which becomes a last wake-up call to go drastic in trashing their Ice plans.
JPN is in deep shit

[paulcrosa]

Sam, with all due respect, you can improve your preparations for this video. You talk about debt for all major groups but you forget to dig into Stellantis financial health and the last years of over performing the rest of the auto industry in terms of profits Their break even level is at 60% their production at present. They have zero debt and have the best margins after TSLA. Even if the CEO makes negative statements about EVs, their EV sales are decent and improving across most its brands in Europe. They should also speed their EV sales in the US as well. Stellantis is also partially owned by the French government and too big to fail in the US for the US government not to mention in Italy. Concerning Renault I don't agree with your statement as they are partially owned by the French they follow the same rational you apply to VW. The question for most of the groups, is more if they won't shrink or be absorbed by other groups.

[paulmcgraw]

Sam..saw your piece on "invisible" solar panels. Sounds like a good idea. Hope it comes here. The ones that are out today are just plain unsightly. Using panels in the materials your roof is made from is a great idea!

[legostud]

The CEO might have meant international companies. There could still be several regional players as well that don’t export their vehicles.

[helios_ja]

I was having a horrible day and then I saw this video. Thanks Sam more life to you and your family.

[EVCurveFuturist]

I used to think GWM would survive and even thrive in the EV sector but they left it too late it seems.

[stevenh]

Think it would be wise for Xpeng to look at Brazil. 1.5 Million annual vehicle sales, only about 2K of which are BEVs, & Tesla has not arrived. If there's 20% demand for well done BEVs in Brazil at this point, that's 300K per year. Even if BYD is moving in too, at 300K demand, 50K units sold would be only 15-20% market share, with others getting the rest. I think the P7, G6, and G9 could do at least that well, and that would be about a 50% boost to Xpeng's current sales run rate.

[MrEd]

Thanks for doing this! I have long wondered who would survive and it is nice to have your opinion. Nobody else I know of put out such a comprehensive list, they just concentrate on one or two OEMs.

[Paul_Lenard_Ewing]

You are right about who will fail but there will be probably dozens of new ones and one may make todays equivalent of the Volkswagen Beetle. History is all about the improbable making a big difference

[lkrnpk]

as an Estonian I will give you a list of automakers who are in PIG trouble

[douglasvoncannon]

The cell phone manufacturers analogy is spot on.

[LovesHighGround]

You greatly underestimate NIO. Laughable.

[nicholasmuni]

Even tesla will have a problem in the near future if they don't get a less expensive car to market sooner than two years away.

[erlenken]

You mentioned Fiat and Jeep separately to Stellantis, which they're actually part of.

[fredi]

Respectfully disagree with Toyota being under any existential threat. Please note that 43+% of Japan's national debt is owned by its central bank. That means left hand owing money to right hand. Interest burden on that debt is extremely low, and BOJ will keep buying bonds to keep it that way. Printing money has little impact on inflation due to extremely high savings rate (corporations, individuals); As a whole Japan is a huge *net creditor*. It can bail outs its whole automotive industry many times over. That does not mean it will! But Toyota will 100% make it. Remember their experience making hybrid cars. Their strategy has been garbage but they have the tools.

[TheLDunn]

I think there needs to be a caveat in the ‘10 left’ statement….that it’s 10 mass market automakers. There will always be low volume niche manufacturers making a living.

[Evphonehome]

Few remarks: Japans debt is internal, not external, meaning they’re in a better position then meets the eye. It’s debt is owned to… itself. Second remark: JLR is going completely electric, isn’t that a good starting position? Yes, maybe late to the game but freed of the burden of fossil cars. I think it will be more or less like a start over for them but one that might very well succeed.

[hamishthegaelic]

Nice summary, we are entering a period of natural selection, an evolutionary process. A reality check, it is going to be a blood Bath as you said.
Laughed out loud though at 10:15…..😂….there speaks the wisdom of Sam.

[TeslaEVolution]

GM AND FORD WILL LIKELY NOT, NOT, NOT MAKE IT.