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 SU7
• The coming explosion of large electric SUVs at the Beijing Auto Show
• Whether Chinese EVs could soon challenge U.S. truck and SUV dominance
• The role of partnerships and acquisitions as Chinese and Western automakers increasingly collaborate
• How Canada’s new EV policy could open the door to Chinese brands in North America
From 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.
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⏱️ YouTube Chapter Timestamps

00:00 Intro and episode overview
01:10 Honda’s $15.7B EV write-down explained
03:30 Porsche profit collapse and China sales decline
05:40 Volkswagen Group earnings and EV investment impact
08:20 NIO earnings and growth targets for 2026
12:00 Li Auto earnings and strategy reset
15:00 Explosion of large electric SUVs in China
18:30 Why Xiaomi’s SU7 refresh could challenge Tesla Model 3
22:00 Tesla’s product strategy and lack of refreshes
25:30 The coming SUV battle in China’s EV market
29:00 Canada opening the door to Chinese EV imports
33:00 Partnerships between Chinese and Western automakers
36:30 Future of global EV competition
38:30 Wrap-up and final thoughts
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