Oh... just wait for the software upgrades :)
Dahua Launches Electric Cars
Published Nov 13, 2017 15:59 PM
Embattled mega video surveillance manufacturer Dahua is now electric car manufacturer Dahua.
One person joked:
But is the joke on Dahua's critics here? Dahua has plans for its electric car business to quickly dwarf its video surveillance one.
Is Dahua just crazy or crazy like a fox?
In this note, we examine the financials behind Dahua's electric car business, its sales projections, and its impact on Dahua's now legacy video surveillance business.
Dahua **** ****** ********
***** ******* **** ****** ** ****. It ** ***** ***** ** ***** (33%) *** * ** *****'* ********** (another **% *** *****'* ******* *** 20% *** *****'* ****** *********).
~$*** ******* *** *** **** ********* to ************ * *****. ******* **** a ******** *** *********, **** **** to ***** ******** **** ** **** (for ****,*** ***** ******** **** ****** *******).
Ride ** * ***** ***?
***, ** *** *** **** *****, Texas, ******* ** *******, *** ***** think:
**** *****'* **** ***** ******, ***** is ** *** * ** ******* in * ***** ***********.
*** **** ** ********** ** *****. The ***** ** ** ******* **** inside ** *****, *** ** ***** markets.
Booming ***** ******** *** ******
****** ********** ** ******* *** *******'* move ** ******** ****, *** **** *** **********'* ******* (including ********* *** *********), ** ** widely ******** **** *** *** ******** car ****** ** ****** *** ********* growth. **** ****, ** ****, ****** ******** ******** ****** *** ***,*** **** **** projections *** * *** ******* **** in *** **** *** *****.
China *** ***** ***** ************ ********
*** ******* ******** ******** *** ****** alone ** ********* ** ** * times *** **** ** *** ****** video ************ ****** ** * *** years.
Slowing ***** ******
** * ******* *********, ***** ********* the ******* **** *** ***** ************ business:
*****’* ******** ** **** **** ** due ** ********* **************. *** **** business ** ******* ********* *** ***** economy, *** *** **** ** *** entire ******** ******** ** **** $*** billion [***, $** ******* ***]. ***** expects ** **** * ******* **** on *** ***** ** ****, ** the ******* *** ** *********** *** kicked *** *** *** ******* ** 2015.
*** *****, ** ******, ** **** this ** ******* *** *********** ** domestic *** ***** ************ ************* ******* down ****** *** ******** *** ******. Regardless ***, *** ****** ** *** same - ****** ** **** *** opportunities *** *******.
$1.5 ******* ****** ******* ****** ** ******** ****
***** ***** *** $*.* ******* ****** revenue ** ******* **,*** **** * year ** ~$**,*** ****, ** **** Russian **** ******* [**** ** ****** available]:
*** ********** ** **** ***** **-*** will ** ********* ** ****, *** cost ** ** ******** *** ** China **** ***** **** ***,*** **** (about [$**,***] ** *** ******* ****). Each ****, **** **** ** ******* 50,000 ******** ********.
** ********, *****'* ****** ***** ************ business, ***** **** **** **** ******** for ****** ** *****, ** ~$* billion. ** ******* ***** ******,*****'* ****** ****** ** ***** ** less **** * ***** ** ** sales ** *****, *** ** ****** ** ** even **** ** *** **** **** actually ******.
Need *** ******* *******
*** ***** ** **** ********** *** stock *****, ** ***** ** **** new *******/************* ** ***** ** *********. That *** ******** *** ******** ***** effectively ****** *****'* ******* ** * few ***** ** ** ******** *****.
Vehicles **** **** ******* **** *******
***** *** ********* *******/******* *** ******** vehicles ** ****, ** *** *** risks. ***** ******* **** ** * relatively ***** ****** ** ***** ********** (primarily *** ****** *** ***), ***** are ******** *** ********* ** ******* companies, ******** **** * ******** ****** of ********** **** **** ** **** together, ***** * *********** ** ****-************ and **********. ******** *** *********** *** components ** * ******* *** ** far **** *******, *** ** ** less **** ** ********** ***** ** there *** ****** ********* ** ****** errors.
***** ** ******* ****** *********** ********* cannot ** ******** ** ******* ********* to ******* ***** ********. ****-*********** *** experienced ********** ********* *********,****,******,******, *** ******* ****** **** *** suffered ****** ******* ******* **** **** damaging ** ****** *** *******. **********, unless ******* ********* ****** **** ** suffered **** ***** ******* ****, ******* are *** ********* ************ ************* **** to ***** **** *****.
************, *** ****** ***** ********* *** is *** *** **** ** **** has ** ***** ********** ** *** automotive ********, **** ****** *** ******* does *** **** **** ***** ***** managers *** ********* **** ***** ********** experience, *** **** ** ****** ********** in ********* ** ********** ******* **** only *** ** ****'* **********.
Significant ******** *********** ******** ****
***** ** *** **** ***** ***** or ***** ** ************* ******** **** in *****. ***** *** ****** ** domestic ************* *** *******, ********* ********* already ******** **** **** ** ****, Zhidou, ***, *****, ***, ******, *** many ******. ******* ********* *** ****** where ***** ** ** *** ***. Like *** ******* *********,***** ***** * ******* ** ******** and **************** ** *** *** **********.
**** ** *** ********* ** ******* who **** *** *** ******* ******** car ******. *******, *** ***** ****** of ******** ** *** *****, ******* already **** ***********, ***** **** ** will *** ** **** *** *****. That ****, *****'* *** ** **,*** cars ** **** * ******** ** the *+ ******* ******** ********* ** the ******* ****** ** *** **** few *****. ***** ***** ** ****** a **** ** ******* **********, ******** to *** **** ** *** ****** it ** **********.
Impact ******** *** *** ***** ************ ******
******* *** ******** *** ******** ***** out, ***** **** **** ** ********* market ** ****** ***********. *****'* ****** president ** *** *** ********* ** the ******** *** ********. ********'* *******, *** ****** ***, ** ************* ******** ** **** business ** ****. ***** *** *** a *** *********, **** ******, *** new **** ******* ****** ** ****** out ****** *** **** ****** ****. Their ************* ********* *** **** ***********, to *** *** *****, *** *** it ***** *** *********** / ********** of ******** **** * ********** ********* industry.
** ***** ***** ** ******** ****, it ***** ** ***** ****** ******* them ** ***** ************, ****** *** risk ** **** ***** *** ****** invested ** **** ******** *** ******** that ** ***** ********* **** ***** and *** *******'* ********* ********. ** Dahua ******** **** ******** ****, **** risk ** **********, ****** *** ********* would *** ***** ************ ******** **, given *** **** ******* ** ***** be ** * ******** ******** *** one?
** ** ***** ** ** * wiser **** *** ***** ** ****** down ** *** *** ******** ****** vs ********* ** ************ ******** ** International ******* ***** ************ ********. *** more ********* ******* ******* ** ******* buyers *** *** ********** **** ********, culture, *** ************* ************ *** *** problems ******* ** **** ****** **** the ******** ***** ******** *** ********.
Vote / ****
Comments (39)
UD
Undisclosed Distributor #1
Nov 13, 2017U
Undisclosed #2
Nov 13, 2017bashis takes test drive
UM
Undisclosed Manufacturer #3
Nov 13, 2017To there credit, it is not the worst looking car ever made.. quite normal in western terms...
Brian Karas
Nov 13, 2017Agreed. The front end reminds me of something else, but I can not find an exact image. I want to say either a Holden, or some older Nissan/Datsun coupe.
U
Undisclosed #4
Nov 13, 2017Like a Alfa Romeo Giulia and a Austin-Healy Frogeye Sprite made love; looks like a modern take on the Frogeye.
UI
Undisclosed Integrator #6
Nov 14, 2017Maybe this http://www.lexus.com/models/GS
I don’t see the hot buttons when turning my phone horizontal.
UI
Undisclosed Integrator #5
Nov 13, 2017Where is the focus? The jack of all trades but master of none?
Sean Nelson
Nov 13, 2017will these be connected to the internet?
Brian Karas
Nov 13, 2017That is actually an interesting question, given the prevalence of things like Tesla's remote software update capabilities, GMs OnStar, or whatever the system used that allowed hackers to remotely control Jeeps. It is not out of the question that these cars wind up with some form of internet connectivity.
Brandon Knutson
Nov 13, 2017Yes! The 2+2 will be on the Super Highway so use The Club on it while parked!
"Smart car system uses a dedicated Internet of Things communication and storage solutions to achieve high reliability, low-bandwidth data transmission and big data storage, as well as vehicles, data, users with multiple security guarantees. Can achieve intelligent control, real-time Internet, vehicle management, cloud computing and other technology applications, personalized travel services to provide strong support."
Jon Dillabaugh
Nov 14, 2017Smart move for the company, but I won’t be saving my pennies to buy one.
U
Undisclosed #7
Nov 14, 2017I suggest an unofficial "Name the New Dahua Electric Car Contest"
I'll start.
1. Botneta
2. Hackura
3. Model 888888
U
Undisclosed #2
Nov 14, 2017UM
Undisclosed Manufacturer #8
Nov 14, 2017Are they really going to sell cars under their own name or just be an OEM...?
JH
John Honovich
Nov 14, 2017#8, this is a local China play so no OEMing. So just like Dahua is Dahua inside China, this will be 'Leap Motors' the brand they have picked for the auto business.
UM
Undisclosed Manufacturer #8
Nov 14, 2017JH
John Honovich
Nov 14, 2017U
Undisclosed #2
Nov 14, 2017UM
Undisclosed Manufacturer #9
Nov 14, 2017UM
Undisclosed Manufacturer #9
Nov 14, 2017I'd consider one, but I hear the backdoor always stays open....
ba da dum... Thanks folks, I'll be here all week, don't forget to tip the waitresses
U
Undisclosed #2
Nov 14, 2017but I hear the backdoor always stays open....
Not on the patchback model...
JH
Jay Hobdy
Nov 14, 2017It's cool that they are branching out and trying new things. Many manufacturers are across the board. Yamaha makes pianos and dirtbikes. Honda makes.. almost everything.
All jokes aside, I think Dahua has a quality control issue. The thought of them putting a device on the road that can literally kill people scares me. I know the initial market is China but it won't take long for them to start bringing these to the US.
Hopefully, if they ever try to come to the US, big brother will step in and make sure the cars are safe.
UI
Undisclosed Integrator #6
Nov 14, 2017U
Undisclosed #2
Nov 14, 2017...if they ever try to come to the US, big brother will step in...
You mean Hik?
JH
John Honovich
Nov 14, 2017You mean Hik?
Nicely done... When will Hikvision release their electric car? :)
U
Undisclosed #2
Nov 15, 2017
UD
Undisclosed Distributor #10
Nov 15, 2017Actually we saw it yesterday in real life at the Dahua factory and it looked pretty neat, acceleration was pretty impressive too.
There wasn’t a brandname on the car yet, but the badgeplace was octagonal.
UM
Undisclosed Manufacturer #11
Nov 17, 2017I'll not be ordering the optional reversing camera, sure the whole world doesn't have to witness what I'm about to reverse in to :-)
ea
eric austin
Dec 12, 2017The only problem is that even when the car is locked, you can get in through the trunk.
:D
JH
John Honovich
Dec 17, 2017New WSJ article on China electric car market. It highlights a big new domestic entrant, China's yet again unfair trade policies but does not mention Dahua's entry. Key quotes:
NIO launched its first production car, the ES8 sport-utility vehicle, in Beijing on Saturday, having raised $1 billion last month in a funding round led by social-media giant Tencent Holdings Ltd. Another investor is Baidu Inc., which dominates Chinese internet search.
The [NIO] ES8 starts at around $68,000 before subsidies, whereas Tesla’s Model X, which is subject to import tariffs and is ineligible for subsidies in China, costs roughly twice that here.
JH
John Honovich
Jun 15, 2018Update: Dahua/Leapmotor have announced their own autonomous driving AI chip:
the first domestically made artificial intelligence (AI) chip ... adopts homegrown central processing units (CPU) which is safer and controllable, according to Zhang Xingming, vice president of Dahua Technology.
That's a bold move, but with Dahua's track record, I am skeptical of how well it works and how much this is for show rather than actual usage.
UM
Undisclosed Manufacturer #8
Jun 15, 2018You mean they might be prone to promoting vaporware? (Hey, I pulled it off with a straight face.)
U
Undisclosed #4
Jun 15, 2018When the AI in your car thinks an Axis camera display is a girl, you make damn sure not to take your eyes off the road or your hands off the wheel.
JH
John Honovich
Sep 03, 2018Update: new China report on Dahua's Leap Motor includes wrist vein recognition to unlock doors & has face recognition in the rearview mirror:
UI
Undisclosed Integrator #5
Sep 03, 2018Interesting! Some clever technology if it works, something needs to replace keyless entry on new cars - so easily overcome.
I wonder how the camera operates in pitch darkness, the thumbnail suggests its IR. How will the vein technology work in colder / rainy climates when people wear coats?
Car looks kind of o.k., kind of 70's / retro. panel gaps look tight. I guess the proof is in the pudding of what it is like under the skin.
U
Undisclosed #4
Sep 03, 2018Like an Alfa Romeo Guilia and a Frog Eyed Sprite got it on, this would be their ugly bastard child.
U
Undisclosed #4
Sep 03, 2018Apparently I still think so since it was just brought to my attention that I made this comparison before.
UI
Undisclosed Integrator #6
Sep 03, 2018In all fairness the Sprite was pretty cool when it released. I learned how to drive a stick on a Austin Healey MKIII and that was a double clutching beast, but fast once you properly adjusted the three carbs.
Luca Fogliati
Sep 04, 2018Well if you are from Trieste it's better that you don't drive a car at all….take a tram, go by bus, sail a boat...bike