Episode #51 - Great Wall Brazilian Investment, Stellantis' Premature Announcement, GM's BIG US Investment

Tu & Lei kick off the pod with a brief overview of their chat with Aiways EVP - Alex Klose, Head of Overseas Operations, for Episode #2 of China EVs & More MAX.

Lei and Tu unpack the >$1B Great Wall Motors investment in Brazil to build hybrids and BEVs. Tu transitions this into a broader conversation about the three independent Chinese companies and how they seem to be even more ambitious than their SOE peers/brothers and how they think the current JVs will evolve and who will stand pat with their stakes in the JVS and JV partners.

Stellantis seems to be premature on their increased investment in the Stellantis GAC joint venture and points back to the history of challenges that the JV has had and how it’s created opportunities for Chinese domestic automakers, Great Wall in particular. 

Tu excitedly transitions the conversation over to the $7B GM investment in Michigan facilities and talks about his 1st job experience working at GM after graduating from university. 

Tu & Lei close out the pod talking Tesla’s earnings call this week, specifically how very little was said about China operations.