CV market and competitors Flashcards
Where is the largest profit pool?
Largest profit pools are within Europe and America. China is the largest market size wise.
Is there competition?
Increasing competition from global truck groups and newcomers
Revenue forecast CAGR for ‘19 to ‘25?
-1%
Truck sales in million units round about?
2-3 million per year
What to know about sales in Europe?
- 380k units sold per year
- 30-25% profit share
Considerations: - robust volumes
- services/ aftermarkets expected to increase
- forefront of innovation
What to know about sales in North America?
- 550k units sold per year
- 35% of profit pool share
Considerations: - current strong macro-economic conditions
- services/ aftermarket expected to increase
- most profitable market driven by captive powertrains
What to know about sales in China?
- 1.3 m units sold per year
- around 15% of profit pool share
Considerations: - premium and upper budget segments expected to grow
Global players
TRATON, VOLVO, DAIMLER
What is key for further expansion and synergy realization?
Cooperation within groups. So with associates and strategic partners. Groups and alliances are formed to reach global presence.
Top Newcomers
Nikola Motors, BYD, Xos
What does Nikola Motors do?
- Heavy-duty electric or hydrogen fuel cell trucks
- range up to 1200 km
What does Xos do?
- heavy duty and medium duty electric trucks
- range 160 to 480km
What does BYD do?
- medium and heavy-duty trucks
What does Tesla promise?
- fast acceleration (60mph in 5 sec)
- 800km range with 40tones loading
- 640km charged in 30min
- solar powered mega charges 7cent per kWh
Which challenges does Tesla face?
- high battery capacity required
- aggressive manufacturing timeline
- mega charger network not yet available
- lack of experience in trucks
- limited reach within service network and availability of parts of inventory
