Investors say Huge Chinese EV brand lied about demand; stock falls 22%
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- เผยแพร่เมื่อ 17 พ.ค. 2024
- Investors say Huge Chinese EV brand lied about demand; stock falls 22%
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The reason Mega did not sell well, partly because of its very high price compared to competitors like Xpeng X9, and partly because of how much its rear end resembles a traditional Chinese casket. What is even worse was that Li Auto published a photo of delivery ceremony, in which dozens of Megas lined up and were covered with black cloth. This just further emphasized the image of caskets in a funeral. As a chinese, once you are infused with such idea in your mind, you cannot unsee it. Basically nobody wants to put his whole family in a casket-like box, therefore the sales flopped
The style of their minivan looks like something out of the 1990s vision of the future.❤❤
Casket is the anti-propaganda from competitors.
Goes to show they are factors just not knowable before hand
@@deepseeryes likely, but the propaganda cannot spread if it really doesn't look like one!😂
That thing would be good as an airport taxi but consumers don't want that.
They should licence Tesla's FSD and turn it into a Robotaxi; is the first thing I thought when I saw it.
A company lying to its customers and investors! Unbelievable! Of course it was a Chinese company. A U.S. company would *never* do something like that! 😂
Looks like a larger minivan version of the old model Prius.
I can't believe a Chinese company lied about their economics, I'm so shocked 😑
Your videos are as honest as they come…thank you
Now that’s perfect irony
I'd buy that van
They won't produce that much if there is no demand.
mini vans are only 7% of sales in the west, way down from the late 80s to mid 90s
*Fertility rates.
That vehicle looks like a hearse.
Not the first time Chinese lying about companies data..
They are just EV versions of the Renault/Matra Espace. First produced in 1984.
Its very shocking Chinese companies would lie… not
It's all going crazy and me too lol cheers mate
The Mega is not impressive. The Xpeng X9 is.
But it doesn't sell that well. Maybe in Asia, not outside of Asia.
I think that people are not buying the X-Peng X9 because of the fact that people who bought the first batch of G9s got fleeced. The second batch of G9s came out with a massive price drop, plus a few more features that the previous. X9 potential buyers are expecting the same result, and so, will wait for a year or so for the price to fall.
Ask me how I know.
Looks like a funeral car I have seen in Europe no wonder Chinese people have a similar opion
A Chinese company lied? Next Sam will be telling us that there is actually gambling in Casablanca. Will wonders never cease?
Wow… “Big 3” without mention of BYD? Amazing how there are actually many that are bigger than BYD.
75 grand. Is that all? 😝
Cooked the books based on prospective buyers with down payments or outright lying. That mini van is uggggggly!
Lie or not is irrelevant it is already the biggest manufacturer. The global south hadn't got enough of Chinese EVs.
Any reason why you’re not covering the ONVO L60?? 😂
He is Tesla boy😂
@@arun.001 A scared tesla boy :)
or the fact that in the last 3 months multiple partners have signed on to develop a universally standard battery swap tek.
@@tookay5 yet no one has licensed fsd 🤣
coffin like appearance was the nail in the coffin for this company literally.
SOOOOOOOOOO this ain’t looking good for those hideous looking awful EVs that Honda came out with!!! Probably only $70,000!! 😊
The most prolific EV reporter on TH-cam has yet to cover the Onvo L60. Interesting.
😂😂😂😂 you know he hates nio and a bear for nio
He is jealous of Nio coz it beats his beloved Tesla on quality, technology and looks
However, most of Sam's post are of no real value. If xyz's car sales have increased in Botswana who gives a shit?
@@ciybersal3499 Actually, Sam is very fair and honest about the EVs he covers, unlike the mainstream press (and most youtube commenters). He highlights the facts - Tesla cars are truly good EVs. He did have some negatives to say about Tesla vehicles, especially the CyberTruck.
@@adebayokehinde because he lost his ass on the stock...
It looks like a bit the old versions of the Renault Espace from the 1980s.
I like it wish I could get one
The look is too futuristic. It is like from the movie AI.
FYI misled = "miss-led". I made the same mistake.
Odd there's no mention of SIAC which employs over 200,000 people compared to tiny Li Auto. Seems his facts are incorrect again. More FUD!
The Xpeng X9 is $51k in China.
Mega, beat that price.
Revux growth is a testament to its unwavering principles.
To the Chinese it looks like a vehicle that carries caskets - to the Chinese, many who are superstitious sees this as bad omen and they will not go near the car
They should licence Tesla's FSD and turn it into a Robotaxi - it's perfect for it.
What are you dreaming about? The so called Tesla FSD isn’t even PARTIAL SELF DRIVING, so far it’s only reached 3 out of 6 on the scale of FULL self driving. It’s false advertising at best, actually criminal, court proceedings show that
I don't think the company lied, the company just overshot with its projection. It is common in corporate world. If every company who miss their sales prediction can get sued, then there are a lot of companies out there can get sued too.
Preorders bad. Tesla Cyberjunk, lol
I like the van ok. It would make a good camper van. But the price would have to be nice, and I'd want to be able to mount roof racks.
At this point, I guess we'll have to wait 10-15 years for niche vehicles like camper vans.
Too bad
Due diligence 🙂
he said jew jiligence
I like it
So they did a Ford then…🙄
This Viking fella is the most gullible TH-camr out there
Not so much gullible, he’s a paid pet comment on the Tesla payroll, but that being said he is so uneducated it’s not funny
These cars look like mobile crematoria...people who are tired of life may buy them.
The viking just gets so excited. Whenever he gets bad news about China.
And he forgets to mention that Tesla is in exactly the same situation. Only far worse
chinese won't buy the coffin cars
Very practical Van
Revux allure is the heartbeat of the crypto community.
Looks like giant eraser
one that cooked the design bit too far..... maybe in a decade
Don’t worry, there’ll be a ‘Mega’ sale….cheap, cheap! 😂. As I have previously said, let the smoke settle before you buy one of these unknown brands because chances are most of these companies will not exist in the near future and you’ll be left with a 🍋.
I can not believe a Chineese company would ever lie . They are the most honest people in the world . Lie , cheat , steal just does not sound like any China company I have ever known .
The most delusional individual that I have ever seen.
Another BBC CNN fed 🤡
@ronaldcoleman2326 😂 Right? 👍🏻
They lie about demand/sales, yet you take their word for the quality and details of the vehicle. You need to stop saying vehicles are phenomenal, great, the best etc when you have never seen, let alone driven them.
He has seen and driven BYD , MG , Chery , GWM .. so by extension , if those never before driven cars are selling in competitive numbers , then they must be good too .
@@Y2Kvids By that logic if you have driven an Accord, a Camry and a Altima, then without seeing or driving a Sonata you would be correct in saying it is phenomenal. He consistently claims vehicles are great, fantastic or phenomenal with no idea how they drive, their comfort level, the performance of their infotainment/computer interfaces etc.
@@JP16758 In 2023, the Toyota Camry led midsize car sales in the U.S. with 104,776 units sold year-to-date, reflecting an 11.49% increase compared to the previous year. The Honda Accord followed with 54,330 units sold, though this represented a 12.52% decrease year-over-year. The Nissan Altima sold 28,582 units, showing a decline from 2022, while the Hyundai Sonata saw 18,512 units sold, marking a 27.76% increase from the previous year [❞] .. Sales Numbers are great signals for quality as word of mouth, friend recommendations are playing a huge roles away from TH-camrs recommendation .
Revux believers, charting the course to crypto success!
I’m not anti EV but it looks like the EV industry is in a spot of bother and there will be a lot more of this with many of these Chinese EV makers. I think anybody considering buying a Chinese car, EV or ICE, should look elsewhere.
N you fell 4 that??????
Let’s be honest. Li Auto just came out with its first BEV this year (2024). Up to now they have only be making PHEVs which are ICE cars with a dildo sized battery and pollute 75% to 100% as much as an ICE vehicle, depending on if the battery is used.
Sorry to hear that PHEVs in your country are trash.
@@deepseer Please understand that PHEVs in every country are trash. And they catch fire much more frequently than ICE & BEVs. Just 25 out of 100,000 EVs suffer fire damage. By comparison, 1530 per 100,000 ICE cars experience fire, and hybrid vehicles suffer a much higher risk of 3475 per 100,000.
Didn't Elon Musk do the exact same thing? As sales started falling he claimed on quarterly calls that demand was greater than production.
Yes exactly, and teslas currently in a worse position
Li automotive is a joke it’s not an EV company it’s an ice vehicle company with a tiny battery. Until they make an EV that sells I would never invest. I’d rather invest in Zeeker. Nio is the horse I’m betting on. Li auto is dead along with anything else that is not EV.
Try investing in CATL. Chinese are really smart taking money from dopey Westerners. Their great companies are locked behind the great wall 🔒
You're making your wife watch videos on EVs. 😂
the design of Lee mega looks like coffin,so people in china reluctantly buy this MPV,It is fairlure design base on chinese culture,but this ev actually is very advance,if it could sell in westen market,it will be big sale.
If the EV car price is only 10%-20% higher than gas car, the demand will be huge
EV companies and their suppliers lying about their products? I'm Shocked! Just Shocked!
Really …
Revux potential is like a flame, drawing in crypto enthusiasts.
Sorry they just made ugly cars❤❤
Revux impact is the ripple that transforms the crypto sea.
Get a grip. 90% of Li auto cars are hybrid. This guy has limited knowledge of the Chinese EV market. He just pumps Tesla 😅😅😅
Yup, he’s a paid Tesla promoter
Revux - not just a choice, but a conviction in the crypto journey.
Who could have guessed a distressed EV maker lied about their products.
Revux enthusiasts, navigating the crypto landscape with confidence!
Revux community - a thriving ecosystem of believers.
Revux allure echoes in the corridors of crypto curiosity.
Hello mate
Bro you such a hater ,
So surprising that a player in the EV sphere is full of shit. Who would expect otherwise?
Take a look at the ranking of China’s electric vehicles in the first quarter. There are 16 Chinese new energy vehicles in the top 20. This is not nonsense.