tag:blogger.com,1999:blog-2755700415043205247.post5875142428979342275..comments2023-03-28T08:18:07.711-07:00Comments on ChinaBizGov: The 8th Most Innovative Company IN THE WORLD?G. E. Anderson ---http://www.blogger.com/profile/11194863913108812712noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-2755700415043205247.post-8585949253568168142010-04-22T19:29:25.354-07:002010-04-22T19:29:25.354-07:00Thanks, Will. I wasn't actually blaming JD Po...Thanks, Will. I wasn't actually blaming JD Power for withholding information (well, I kinda was), but actually, I think they are doing the right thing in China.<br /><br />My understanding is that JD Power's revenues come from the car companies in both China and the US. (I could be wrong, and I'll ask someone I know who used to work for JD Power.) However, while the US is a mature market and all cars sold in the US are of reasonably high quality now, China still isn't quite there. If the initial quality surveys on Chinese auto companies were release in full detail, there would be a major loss of face for the Chinese companies whose quality is still significantly lacking.<br /><br />If my assumption is correct, then I can understand why JD Power wouldn't fully reveal the survey results. As JD Power's reputation as an honest broker grows among Chinese companies and consumers, and as the quality of Chinese cars increases, I assume we'll be seeing more detailed info in the future.G. E. Anderson ---https://www.blogger.com/profile/11194863913108812712noreply@blogger.comtag:blogger.com,1999:blog-2755700415043205247.post-81517983169287811022010-04-22T19:04:58.686-07:002010-04-22T19:04:58.686-07:00thanks Greg. I will look at the links.
The JD Pow...thanks Greg. I will look at the links.<br /><br />The JD Power situation is interesting, I had not realised that they were so circumspect. In other countries, are their revenues also more reliant on the manufacturers or do consumers/advertisers pay for their surveys?<br /><br />Not that we can put the boot in too much, what with all the commentary on Wall Street's relationship with Moody's and S&P on the sub-prime ratings!!willnoreply@blogger.comtag:blogger.com,1999:blog-2755700415043205247.post-69044081919151446082010-04-22T12:00:35.649-07:002010-04-22T12:00:35.649-07:00I did find this summary report on the 2009 Initial...I did find this summary report on the 2009 Initial Quality Survey. Unfortunately, JD Power only includes the top one or two cars in each segment. BYD models do not appear anywhere on the list.<br /><br />My guess about the lack of detail on these surveys is that JD Power, being new to China, is taking it slow, not wanting to "name and shame" anyone yet. Probably a wise move considering their revenues in China all come from the auto companies.<br /><br />Here's a pdf of the summary report: http://businesscenter.jdpower.com/JDPAContent/CorpComm/News/content/Releases/pdf/2009244.pdfG. E. Anderson ---https://www.blogger.com/profile/11194863913108812712noreply@blogger.comtag:blogger.com,1999:blog-2755700415043205247.post-91398628267071076552010-04-22T11:54:09.044-07:002010-04-22T11:54:09.044-07:00What we are missing is credible data on the qualit...What we are missing is credible data on the quality of automobiles in China. JD Power does these great surveys on initial quality, but, unlike their quality surveys in the US, for some reason the data for China are kept secret. I'm not sure how that is supposed to help consumers make an enlightened choice.<br /><br />The one survey that JD Power China does reveal is on customer service, and across the board, BYD gets the lowest rating (along with quite a few other Chinese companies).<br /><br />The survey data are here: http://businesscenter.jdpower.com/?f=/jdpacontent/corpcomm/Worldwide/China/ratings.htmG. E. Anderson ---https://www.blogger.com/profile/11194863913108812712noreply@blogger.comtag:blogger.com,1999:blog-2755700415043205247.post-45709896373773937722010-04-22T01:22:31.166-07:002010-04-22T01:22:31.166-07:00One thing that BYD is very good at is PR, with ann...One thing that BYD is very good at is PR, with announcements seemingly timed to keep the momentum going on its market-leading PE multiple. <br /><br />Some of these announcements look tenuous to say the least (one earlier this year that it was moving ahead with its plans to sell hybrids in the US being a case in point: as you say, their technology is still unproven on a mass uptake basis, still rather expensive, and there is a major legal case already underway in the US on the IP behind the lithium ion battery - before BYD even turns up with its "re-engineered" designs).<br /><br />Overall, I am pretty sceptical on them. But they're investor smart, especially in trading hard on the Buffett name, and the periodic "alliances" with major international brands.<br /><br />I read too that the company's supposed competitive advantage in labour-intensive assembly is not actually too good for product reliability either. Although I am not sure how that is panning out with their gasoline engine cars?willnoreply@blogger.com