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We too! We have two BYD EVs and solar as well as charger at our Perth home. Seeing EVs being powered by the Sun is a really great feeling, indeed👍👍👍!!!
@@youtubeshadowbannedmylasta2629 China's fossil fuel import already dropping, much earlier than the projected 2035. It's ok, you can keep living in your delusional bubble.. But please take care of your heart and sanity, China's progressing really fast. And even though your house bubble may be made of thick delusional rubber, it may burst as the reality of China's advancement is way too real..
Reminds me of the key strategy taken by competent business leaders which are rare in commerce. Most private and publicly listed CEOs and MDs are incompetent and talk their way out, leaving failed enterprises. China is about doing, not talking, most of their leaders are from engineering backgrounds not law.
This is a Perfect Storm. The speed of their growth is scary. But don't blame the Chinese. Consumers have been complaining about the auto industry for many years -- the cars are bloated, too complicated, too expensive to buy, and too costly to repair. And they don't last long. Too bad it takes a crisis to wake them up.
Very true, the CEO of BYD, Xiaomi, Huawei, CATL are all engineers, and all of the top managers in these companies are also engineers. While in companies such as Boeing, the entire management is run by Harvard MBAs who only care about stock price and nothing else.
Truly incredible to see what China has done over the last 20 years; very long-term thinking from the country. Thank you for talking about this for over 3 years now, Sam!
@@solidus784yess and west also have huge moral issues in the past arround achievements in many fields such as tech, wealth and even democracy fondations. The difference is may be Chinese exploits her labor but west exploit another countries for hundreds of years in resources and humanity till now. So what moral issues you talking about?
@@solidus784 True but I think the overall is ok, I have seen a few factories that are very well managed, they are clean and functioning... but there are stories, which are probably true, but I think they are from old China not new China.... China has certainly paid a price for its success, and I give them full respect ... 1.6 billion people is a lot of people to look after, especially when you consider how we humans whinge about anything and everything, even when we have it good
Especially if you are well subsidized and so not allow workers to earn a fair salary or unionize - you can win in any industry!! 😂😂 This is not free enterprise: it is government driven. Which needs to be compensated by tariffs. EU tariffs just came in, and effective. US tariffs are clear. Ausie just seems to allow total un-equal competition. Get into the economics if it all. Besides: EU are HUGELY Impacted by Russia's unprovoked and unwanted invasion of free and democratic Ukraine, Geogia and Moldavia, not mentioning Chechnya. And China dares to point out THAT THEY ARE RUSSIA'S GREATEST FRIEND!! WHILE EU IS CHINA'S GREATEST EV CUSTOMER.... (in potential). Big finger to any Chinese producer!! Just one Chinese built car in our Dutch street (1% of cars). People do not like this pro-murder attitude. Dutch graves in town too - of kids shot down, murdered, by the Russian government. (Malaysian Airbus). This is what China openly supports!!
@@nas4apps people totally underestimate the influence of China and what their true intensions are. Not a good thing for the world. People are fast asleep and they don't care.
You will be surprised to see the same thing happening in: - AI - civil aviation - every kind of computer chips - space industry China churns out tens of thousands of engineers each year. I lived in China, I met some. They were very clever, creative, competent and friendly.
Mainstream Western media and culture typically only recognizes, validates, and promotes information from Western cultures and sources. For example, a "recognized" doctor or professor is one trained in and certified by Western or Western accredited higher education institutions. This cultural myopia can leave many Westerners mostly unaware of the capabilities and accomplishments of non-Western peoples and cultures. China's automotive industry dominance sits firmly within this cognitive blind-spot for many Western viewers. Thank you for your factual and objective reporting. I hope this helps wake up Western and Western aligned legacy automotive OEMs to the dire need to develop excellent (hopefully autonomy capable) EVs with low manufacturing costs.
China is not a democracy, remeber . I am from the former eastern block so using chinese sources as credible is questionable at least. Pro journalists stay away from those medias.
sure buddy, the new gen of china EV's are Tesla copies, 1/2 of china's EV exports are actual china made teslas still, also. tesla is western designed and owned.
@@benzine8885 Tesla also uses Chinese batteries from CATL and BYD. Battery is the brain and most expensive part of an ev. The last thing any automaker should copy from Tesla is their design. Boring
Some 15 years ago I spoke with an Italian from the auto industry who told me the Chinese will be the Koreans of today in ten years, just when Hyundai and Kia took over the world with their good, inexpensive cars. Back then, he said that in twenty years China would be dominant in the auto industry. That was expected and everyone was okey with it, but now, facing current facts, it can give one chills
Hyundai and Kia took over the world with their good, inexpensive cars? "Hyundai and Kia working to repair 3.3 million cars 7 months after fire hazard recall" - USD TODAY That's a big NO.
@HdurmriSharjah-w1e Korean cars are junk, just ask anyone who's owned one. They bank on making cheap cars and basically get people to buy them because of their ridiculous warranty. Quantity over quality.
All of these companies will survive, propped up by governments. No country is going to just allow China to take away 9 million industrial jobs like that, not matter how good the product is. Same thing happened in 1985, when Europe & north America had to enact protectionism to keep Japan from taking over global car markets.
@@ChickensAndGardening True, but at the end of the day, who will buy the German or US legacy stuff? Northvolt failed utterly in Europe at producing bats for EVs. Verkor in France is to my knowledge Europe's only succesful battery endevour and its "only" 300k batteries per year.
Yes, being a US consumer, we are excited China is making better products to force other mauf. To step up their game. The tariffs are only slowing down the inevitable. I have thought about driving to Mexico to bring back a better quality car, but won’t be able to get service doing that. Wish the US market would wake up
Speak for yourself. It’s only a relatively few heavy industries that enable the US to remain a net producer. Wishing for low-priced EVs made with poverty-level wages to displace established US domestic producers is one of the most uninformed comments imaginable.
I recently purchased a used MG HS 2023 for $19k on the road. It’s got 30000klm on it, warranty and roadside assistance up to 2030. It’s loaded with all types of features. Why on earth would anybody buy a used 2015-18 Mazda cx5 for example with 170k on it for around the same money. This value is now evident to more and more and the naysayers are being converted.
Yes China has the huge advantage of lower labour costs and other costs, but...most of the legacy brands were asleep, arrogant and complacent to recognize what was happening and make changes. It didn't happen over night and for too long have had it too easy. Wakeup and smell the roses...the auto industry is in a huge change bigger than we have ever seen before
I'm waiting to start at aesc gigafactory being built in sunderland uk Chinese company that will supply nissan is ot best to leave it I really don't no what to do 😅
labour cost only plays insignificant part of a vehicle's total cost, meanwhile China has the highest rate of using robots to produce cars as compared to the rest. lastly China's real advantage is abundance of highly educated engineers and the most complete supply chain in the world.
Chinas advantages: Cheap fossil coal energy, cheap workforce (most chinese manufacturers have low automation level), insane government support. Technologically they are still behind, but not that much.
It's not only the labor cost. It is the cost along the value chain... China controls everything in the value chain, including the raw material. Once you do that, China can offer their industry the cheapest cost for its manufacturing. The CCP is a really smart and has long-term vision.. In the end it is China that will save the world from Climate changes..
Internal competition is fierce, thus the winner will be competitive anywhere. Comparing with the well pampered tariff protected auto makers, you know the results already
Tariffs are for the losers. China has done it through competition and hard work, without 100% import tariffs. Tariffs may work if the industry utilizes this opportunity to upgrade and improve itself tremendously. Looking at the current conditions in the West, nothing will change no matter how much tariffs are levied. It is more effective if no tariffs are involved and the local industry is forced to compete with global ones.
Well, this actually had a foundation built over decades where China reinvested their trade surpluses (earned from exponential growth in exports to the USA and EU) into conversion from agriculture and illiteracy, building up infrastructure, planning for R&D and future tech. Excess capital, leveraging the labor force of a billion workers and 996 work ethic with global demand for their products. EVs/battery tech are like the "sudden" appearance of the smartphones+WiFi/cell service+internet convergence. It won't last forever but right now China is in a sweet spot of historic economic cycles. Only the laggards are surprised by their own extinction.
The next china's miracle is when with all the connectivities throughout China, it will make China as one big gigantic giant Shenzhen. Then it truly will be on top of the world
If there's a trade surplus it doesn't appear in a bank account that the CCP can "reinvest" in some other company. Many products exported by china are "crap". They're unreliable and break Most time their products are less expensive. But the old adage is true with Chinese "crap"; you get what you pay for.
China has proven first time in history and to the world that hard work, careful planning and focusing on the right things instead of the wrong ones can elevate its industry (at least in EVs, batteries and solar panels) from zero to hero within 5 years. The West simply can't do it within 5 years, or even 20 years.
Elon Musk spoke the truth and predicted this; Sam is correct, every car in the next 5 years will have some Chinese element in it. China is also forcing the industry to produce more effeciently and lower costs overall to compete, the global consumer is the winner no matter what brand you buy.
China development is advancing fast and very fast on all fronts. China is a catalyst for global development trade cooperation friendship diplomacy. A visit to China will likely change one's perspective. China is a blessing to the world. Well done China 👍❤️🇨🇳
This is off topic, Sam in regards your video about the BYD slave-labor: The workers at the contractor company have released a statement in regards to the accusation of " Slavery " and the " passport being taken away " here is the link: th-cam.com/video/GnmjbFKRH8g/w-d-xo.html Also to note, these are short term rural workers from China, once the project is completed they fly back home. In the footage shown in your video of the workers bunk bed, you can see some have mattress and some don't, have you been to the homes of countries in ASEAN particularly the rural areas in hot humid climates ? I have spend nights in those areas, after 20 minutes on a mattress ( 10cm width ) I roll up a bamboo plank and and slept on it because it was WAY WAY cooler. Also these workers will cook in a big pot and eat together. Over the decades China have improve their labor laws, big companies that hired hundred or thousands of workers have to provide or build accommodation to workers from other provinces or rural areas, as for local workers they also provide child care for the kids while their parents work in the factory. Your comment " Imagine if this is your kids " reaks of western privilege mentality without understanding social economic situation in other parts of the world. People from those rural areas have no nonsense attitude, they don't care about materialistic things even if they can afford to and will save over 60% of there income. I remember talking to a man in his 60s 20yrs ago in the province of behei China, he saw the price tag on the T-shirts I purchased ( $ 20 AUD ) and shook his head and said " You see the shirt I'm wearing ?, I will wear it till the molecule dissipates in the fabric before I spend another buck to buy another one.." I would suggest people look up " Jerry's take on China ", an Australian who have live in China for decades..
It was just another attempt by anti China media to try discredit anything Chinese , of course we wont be seeing the true story any time soon on the news.
Lets see how the investigation goes. Maybe there isn't a problem. But just because some Chinese worker says its okay, doesn't mean it complies with Brazilian law, or international labour standards.
It doesn't matter what labor law and regulations are in China, this happened in Brazil and their labor laws apply in this situation. That's an arrogant Chinese attitude that China's laws apply to other parts of the world where Chinese citizens go and local laws do not apply to them. If that's the case then USA citizens or Europeans in China should be exempt from Chinese laws.
ICE vehicle has lot of emission regulation which china was unable to make because it requires more years to get there. But with EV they can simply bypass all emission standards because EV does not have any emissions. With EV, china had level start over Germany and Japan in 2020. With China investing so much, they leap frogged into the new age era as Germany and Japan did not have the 70 years experience in producing EV unlike ICE where they had them. But EV's are the future. Now Germany and Japan are lagging behind in technology. By imposing tariff, for the first time in 600 years after renaissance, west is likely to lag behind in technology
Fortunately, Australia closed down its auto industry sometimes back. Now they reap the rewards for that action and its is paying off. Now Australians will get the best in the world in terms of automobile technology with chinese EV.
I'm not sure I would buy into the "China was unable to crack the ICE engine code" narrative simply bcos what's the point when that engine was already causing massive smog and health isues in China. Are u saying the Chinese are so stupid they cannot see the downside that the ICE engine is causing to their health ? Nah, that's probably why early on they started to take a good look at EV as an alternative .
The owners of US and European car makers - families, but mostly investment funds - also have investments in oil corporations. They did not want to move away from ICE. And this delay, their slow-walking development, will bring about the destruction of their oil investments and their car industries.
not true, China do make ICE vehicles in the past, but they realized the problem, ICE is very polluting, in the past, Peijing was so polluted that there is a grey pall over the capital all the time. so, they actually had no choice but to move to electric power for all things and not just cars. that is the true driving force for electric cars in China, they have no problem to copy or improve on the ICE tech, but it is useless for the future. that is also another big reason why China will be the number one in nuclear energy as well. necessity rather than competition is driving this, the old people in China had experienced the industrial fog in the past, for sure, they will never want to go back to that.
Intelligent, non-psychopathic leadership, and SOCIALISM. There's no stopping them, nor should there be. We're very fortunate that they will be the dominant influence in the world.
@@marcsimmonds5483 Not for long. They are turning the corner right now. Coal plant build plans are being cancelled. Solar buildout is going at nosebleed rates, and still accelerating, and replacing coal. It will take them a couple decades to wean off coal completely but that's just the nature of the game. They will get there. on the guardian: China’s CO2 emissions have peaked or will in 2025, say 44% of experts in survey Research reflects rising optimism about country’s green transition as it takes leading position on climate action Amy Hawkins Tue 26 Nov 2024 Nearly half of experts surveyed by a climate thinktank believe China’s carbon dioxide emissions have already peaked, or will do so in 2025, reflecting increasing optimism about the country’s green transition at a time when it is being called on to take a leading position on global climate action. According to a report published on Tuesday by the Centre for Research on Energy and Clean Air (CREA), a research organisation, 44% of climate experts from academia and industry believe that China’s CO2 emissions will peak, at the latest, in 2025. In last year’s survey, only 21% of experts gave the same response. There is also more optimism about China reducing its reliance on coal. Asked if they believed that its coal consumption had already peaked, 36% of experts said yes, up from 20% last year.
It’s the pattern of major disruption. The (prior) reigning industry has overwhelming investment in their technology and ‘can’t afford’ to change. Until they have to and then it is too late.
in addition car sales of western manufacturers have plummeted in china. chinese buyers don’t want to pay a premium just for a western logo when the value is just not there. for many of those american and european brands china was their biggest market. for example when i first arrived in china nearly 12 years almost EVERY taxi was a volkswagen. now you see a volkswagen dotted here and there but the vast majority are chinese EVs.
If US & EU had poured their financial and technical resources into EV (instead of the war) plus Russian cheap energy, the EV landscape could have been different.
I would think if the EU had maintained its reliance on cheap Russian natural gas, all that renewable development that has happened in the last couple of years and the amount planned would not have happened.
That is a big if. Europe's automakers and industry at large cannot comprehend, for some reason, the potential in new ideas. The whole idea if Gigacasting was a great (Italian!) Idea that no automakers in Europe could, and still cannot, recognize the potential in. So yeah, good ideas happen in Europe, but the established European industry cannot see the potential in it. Hence, the importance of new companies springing up. That is why it is such a big if, if Europe has poured its resources in that direction. It really takes new companies to innovate from the ground up. Established companies cannot. Sony, is another case. They simply had to give over the reigns to upcoming LG and Samsung.
What killed the car industry,GREED, from the purchase price , maintenance charges, add-ons, and subscriptions with NO RELIABLY, customer service ? With very poor management!
With the 8 negative comments you mention on legacy auto China emulates/shares 6 of those negative traits too. Will they eventually follow the same path of legacy auto that failed according to your assessment? Hmmmm
There were 300 brands of EVs quite a few years ago. I repeat, 300 brands. That's the result of Chinese government subsidy program started 18 years ago. Now the government stopped the car subsidy program and the fierce competition reduced the EV car producers to less than a dozen brands. You actually should mention that Chinese government started the EV subsidy program 18 years ago which was rejected by all major western car producers in China because they considered EVs were money losing business.
So you think you can shrug off the fact that China has won the EV race. Guess what, you can't! Chinese EV manufacturers are poised to capture a major slice of the EV pie, internationally, because unlike automakers in other parts of the world the Chinese automakers haven't been asleep at the wheel.
Agree with that concern, the world don`t see the problem yet. They believe fossil fuel is the future, or they deny that electric is. So they dont do much about it.
The Chinese and their government built 2 decades of: 1) infrastructure 2) automated ports 3) ultra low cost energy generation (solar, wind, UHVDC) 4) advanced automation Now they can manufacture everything
Would be interesting to know what role, if any, the offshoring of US Tech played. Given the sad state of legacy auto, it would seem that China didn't "steal" any tech as is so often claimed.
Well, the effects and changes in traditional industry produced by technological innovations are always impressive; There are many examples: The development of mass production by Ford that made it possible to produce vehicles much cheaper than those that came from Europe and were much more expensive. The electric car was seen coming when Tesla came on the market more than 15 years ago. What did the rest of the world do? What did Germany do?.... nothing; even with the world's demands to follow a green and decontaminating path for the world. Let's not blame China; We must congratulate it for installing a new paradigm.
Although China prioritizes EVs, it has not stopped developing ICE cars as well, especially for the export markets of countries where ICE cars still dominate. The Chery and MG brands still export their ICE cars, as well as heavy-duty diesel trucks to many countries.
UK here, our Govt has said it wont put tariffs on chinese cars but the rest of the EU are. Omoda has opened near me, a petrol 1.6 omoda 5 can be had for £22k a battery for £25k, I would love to know how much they are in China, we have 20% vat and what else hidden.
Same there desperate fir China to invest in a gigafactory here in uk there's been rumours also possibly an assembly plant aswell that's why they won't do it uk going downhill I think
It's tragic that the terribly "clever" people, with degrees in business, running the car companies, earning millions per year, failed to see what was happening. Same thing happened in UK of course. Directors all from Eton and Cambridge, etc etc. So clever! So stupid, if they cared about the long term future of our country. British cars were once the leaders in the world......
@@PyroShields. You have the right to be sorry . soon you will lose all your money by investing BYD I am sorry for you to bro. Before you talk here please go look at the Nio ET9 And come back and talk to me
I don't think we need worry about great brands like VW, Mercedes, Audi etc disappearing. Their brand image is too strong. When they file for bankruptcy they will be snapped up by Chinese companies and will continue to produce under their original badges, but not in Europe sadly.
Yes and no. China's government loves entrepreneurs, until they get too rich and powerful, then it takes over their companies and steals the money. Happened to Alibaba and several others. Watch them do it to BYD pretty soon. CCP is a kleptocrat regime.
The killer of legacy auto is autonomous taxis -- Transportation as a service (TAAS). Today's global auto market is near its peak... TAAS will drop the number of privately-owned vehicles by 50% or more, likely by 2030. Only a few automakers will be needed for the entire global market. Those will offer electric, autonomous vehicles. No combustion, no hybrids, no PHEVs, no manual-only anything. Disruption is here.
Can you share with us the size, configuration and cost of your solar system that supports your house and also charge your EV at the same time ? Thank you.
I wish people would stop bringing up "capitalization" as a way of valuing a company's position in the consumer end marketplace. MOST stock trading is on secondary markets, the company gets ZERO percent of that change in stock value. The stock market has become 4/5ths speculation, with piling on (based on the CEO's ability to popularize their company) being the number one reason stocks "soar." The ONLY benefit to the company itself is an increase in any value held in stock in their "treasury." All else accrues to shareholders. And given that there's too much money chasing too few good investments in the past 2 decades, any stock that even looks 1 iota better than another gets exponentially more investment.
Would you please do a segment about robots that are being used in homes today? Are the Chinese using their robot dogs for security? Are the Japanese using their humanoid robots in nursing homes? Are there folks using robots in their day to day lives?
@@RM-xf9gi Chinese security bots aren't dog-shaped. The real ones are super-dystopian. Last time I was in our contractor's office there was this mini half-track patrolling the parking lot that was about the size of a Smart (but shorter) that could open up to launch a small quadrocopter drone then recover it. The main body itself usually has its scarier parts hidden under a smooth surface, but it's basically a robot arm with sensors and what looks like crowd control gear (loudspeaker, some sort of taser quad-launcher, and a baton-like thing with a ball on one end). It is impossible to convey the sheer discomfort of seeing that thing reveal its innards.
China is expecting US and its allies to ban Chinese EVs, that's why BYD and others are focusing on Africa, Latin America, Middle East and SEA as future markets.
Who is designing the Chinese vehicles? Is it Chinese people or secretly a bunch of German former Audi/BMW/Mercedes designers and engineers? Edit: I looked it up and I was exactly spot on. BYD head of design is Wolfgang Egger, Zeekr head of design Stefan Sielaff.
@@mrnicktoyou The Chinese car companies were too poor 20 years ago to employ designers & just copied western designs. The whole world had a good laugh. Today they head hunt good car designers to help them (in house designers) get the most innovative designs out to market.
I think these figures must come straight from the CCP. Industry publications show only one Chinese company in the top ten which is BYD at number 9 with 2.95 million units.
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Making touch with financial advisors like Elizabeth Regina Nelson who can assist you restructure your portfolio, would be a very creative option. Personal financial management will be crucial to navigating the next difficult times
Elizabeth Regina Nelson has really set the standard for others to follow, we love her here in the Uk 🇬🇧 as she has been really helpful and changed lots of life's.
If Tesla cracks robotaxis then each robotaxi will displace 4-5 cars. So if they make 20 million, that would mean the equivalent of 100 million, which is more than the global market. That’s the only hope for any country other than China. Not that I mind China cornering the auto market. They worked hard and smart. They deserve it.
Different governments, one willing to help invest other governments like Australia couldn’t care less that why we don’t manufacture cars anymore, and just adding tariffs to Chinese cars won’t solve anything
That is why so many countries are scared of Chinese cars coming into their country. The only thing they can do it put tariffs on them but I dont think it will be effective because they can build factories to by pass tariffs.
China in a way does capitalism better than the West now. Think how many EV manufacturers have gone bankrupt in China. The competition in China is insane. It doesn't have unions to hold back automation and robotics.
Er, no. Chinese unions are crazy strong. Most people who haven't worked deep in the Chinese system don't realize this. I was staying late back in 2015 in a Design Institute's office and a union supervisor "caught" me and demanded that I report the "overtime" work immediately to the union's office on the 5th floor, as well as rat out which manager "forced" me to stay there late into the night. It took a while to convince them that I'm a foreigner working for the project owner. Unions have extremely strong representation in Chinese companies. It's just that they're aligned directly with the CCP apparatus, so they obey the CCP's mandate. Also, the Chinese unions are a lot better than Western ones in redirecting labor when there is a mass layoff. Since they're nationally-integrated they can easily send off members from one place to another that needs similar labor, or even retrain workers when needed.
@@andrewsuryali8540 Well, I meant to suggest that the unions in China are different. Chinese unions are more like a government branch. When automation/robotics advance, Chinese unions won't stand in the way. The unions may help with coordination, but it's mainly government that deals with laid off workers.
China automotive sector is going strong, to be sure. I wonder however what will happen to Tesla, which as you point out now is up to $1.39 trillion in market cap and may become the world's most valuable company in 2-3 more years, based on its robotics and battery storage businesses as well as its vehicles.
As a Canadian citizen, I believe one of the biggest issues here in the West, is that there are still too many people who believe China is some backward underdeveloped 3rd world country. While in fact, China has already well surpassed Japan, and many European countries in terms of advance manufacturing and innovation. The first step of solving any problem or challenges is to recognize that the problem exists. And what terrifies me is that most of my country men don't even see the huge elephant in the room, and they still live in the "China cannot innovate" bubble. It's scary, terrifying and concerning.
I imagine with higher tech cars, the Chinese companies will adopt Tesla autonomous software and this will further entrench Tesla and Chinese EV over everything else
For autonomous driving software, you should check up Huawei Level 4 Xinghe intelligent autonomous driving solution or Xpeng Level 4 Turing AI Intelligent Driving System.
EVs are not over the line yet and still need to over come many challenges ie., fire risks, recycling of old batteries, charging time, super charging facilities, range anxiety etc. One great thing going for the EVs is that they do not consume energy when stuck in traffic jams. At this rate of production of cars there is neither enough space on our roads, nor adequate parking facilities, in major metropolitan cities.
You seem to be bringing back old tired arguments against EVs. Fire risks: greater rate for ICE than EVs. Recycling of old batteries: EVs and their batteries are still new. The United States should follow our global partners and enact extended producer responsibility (EPR). EPR holds automakers responsible for recycling all batteries. As the EV battery packs get old, the recycling business will grow. Charging times: already improving. Super Charging facilities: growing. Range anxiety: Already improving. This is the future. Doesn't matter if we like it or not.
Fires, this information from the insurance industry: Hybrids (including Toyota) 3,500 per 100,000 cars. ICE (Petrol and Diesel) 1,200 per 100,000 cars. BEVs (pure electric) 25 per 100,000 cars, and is going down as this includes the problems of LG Chem.
Here in the USA, it's like medieval times. Still hardly any EVs to see, and they are all Tesla. Most people still cannot afford it, or just don't have enough charging stations to justify to own one.
For at least 2000 years up until mid 1800s the Chinese were the world's leading capitalists. China was the world's biggest manufacturer, exporter and inventor. British Opium War invasions destroyed China, and also the Manchurian rulership prevented Chinese advancements. Today China is back to being itself again, doing what it has always done best.
They took over the EV industry, not cars. Which was entirely predictable since nobody can sell EVs at a profit. It needed half a trillion $ in CCP funding just to get this far- let's see how long they can keep that artificial market pumped.
The EV market IS the (new) car market! They are perfectly positioned to totally dominate now. It really is over for the West. They won, period. "Artificial market", lol
It’s awful legacy auto ripoffs - remember when bmw started charging a fee each month so one could turn on seat heating. Just awful the greed. Now these high end german companies will perish from their hubris.
Everybody has it wrong. It is not about longer range, better batteries, faster loading batteries or combustion vs EV. I work all over Asia, and people are sick and tired of legacy carmakers. Buy a Toyota made in Rayong in Thailand or an imported European and you will notice two things. 1. The price is staggering in comparison with Europe or the US and 2. A-hole legacy companies will give you obsolete technology, while the Japanese give you also a motor which they can not put in an export car because it is too power-hungry. They must be thinking that Asian people are satisfied with a GPS that needs to be updated once a year for 700 USD at the time, outdated parking technology, and where half the gadgets have been stripped out. This 1960s way of thinking have or will kill all legacy carmakers. Asians do not want old technology, they want to be on the forefront of technology. German Cars where half the buttons have been muted and where the panoramic roof is swapped for a shitty plastic or metal roof. On top of that, workers switching from legacy carmakers to Chinese EV makers can expect a 50-200% pay rise and a promotion. Greed Ff'd the Japanese and Europeans over. Too bad for them, blame their directors and marketing people.
The Legislation outlawing ICE vehicles is the advantage China has. Flip it back the way it was and watch the European and American markets crush the Chinese market.
Going to shift the goal post again? Wasn't it the weeeest that preached on free trades and China abided by them? Wasn't it the weeeest that complained about China producing too much carbon and China abided by it with EVs? Now you want to shift the goal post after realizing you aren't winning the game?
I see this reported up and down on mainstream media (in the U.S.). There just isn't much we are willing to do about it. It would go against the libertarian values we have in the U.S.
who knew when you send all your factories to a foreign country that country is going to outcompete you in all those fields, I knew this when nafta was first proposed and I was young and even then I saw how bad an idea sending out all your well paying factory jobs was.
Very naive thinking energy is free from solar. In Spain years ago they started taxing solar panels yearly. But also the environmental damage of EV's is terrible.
When the White House was busy and dizzy in stemming the entry of Chinese EV cars, suddenly they were surprised again by the flight of 2 of China's newest fighter planes which made the US government no longer feel like celebrating Christmas 😂
China is progressing rapidly towards renewable and EV. Why? It is cheaper to use renewables, they are in operation quicker, batteries are cheaper and power stations take far too long. China saw the way progress woas moving and now they are major players.
China has been consistent in action and is pretty much sticking to plan, the real reason they are "seemingly" so far in advance is that what exists outside of that sphere has failed to progress as would normally be expected. In many ways, especially the west, we have seen lowered education standards/policies that promote equity over achievement/working ethic and a focus on chasing unrealistic societal changes that promote nothing of value bar in the narrative of "self hate and look there not here." If anything China will fall victim to their own success due to the continued collapse of western societies and the market that they once found there.
China is helping developing countries by building infrastruture to enable them to become new richer markets for their manufactured products. Read the new plan is to build Chinese factories in developing countries and less infrastruture.
In the future, we won't have our own cars, but we whistle one when we need it. Therefore, there will be fewer cars on the road, and over production for the remaining producers. ,
Do you really think that all these Chinese manufacturers will be around to warranty their cars down the road? If these companies go broke (which some will ) you will be stuck.
To a large extent the nations consuming autos have production capacity. They don’t need China as much as the Election Viking seems to believe. Further, the mass market and infrastructure isn’t ready for a rapid conversion to EVs, and China will choke on its overcapacity.
@@FrankiePo89lots of cars in inventory lots and perhaps being driven in China. Choking on inventory means they aren’t moving their capacity and it’ll be a long time before nations with their own capacity let more Chinese products upend their domestic sources.
Question , In Canada our Government seems to follow US, Canada put tariffs on Chinese maid vehicles too like the USA . I am guessing they are trying to keep China made cars out of the country's . If that is so , that's called protectionism in the markets. That said we all know most made products are made in China, cheaper labour, cheaper product, cheaper quality control. As a consumer, we make choices based on how much things cost. The only way governments can go up against China is keeping their cars out. Why not let competition and consumers make the choice. If I wanna buy a Chinese car, I should be able to. If that Chinese car is half the price of any other car on the market I would like that choice . If I wanna buy a car that will fall apart and break in six months that should be my choice. If that car is well-made like really how hard is it to manufacturer a battery and four wheels. It seems to be like any other industry, a race to the bottom with the cheapest product. I seen in my industry over the years and now it's happening in the car industry. Competition is good. Car manufacturers no matter what brand seem to always be getting bailed out with our tax paying dollars. That seems to be the way things are today. I say, let the Chinese cars in let consumers make the choice but control the volume of Chinese cars entering the countries and let manufacturers figure ways on how to make a battery in four tires cheaper. If trying to can do it so can we .
You mentioned early in this video that China has the capacity to make 60 million cars a year when they only sell about 20 million right now (domestic and exported)? That sounds like poor planning to me, expecting growth to go on and on. That's not going to be a good outcome if the market matures and they are left with all that excess capacity. I guess they expect all markets around the globe to become fully electric, which almost certainly won't happen.
Electric cars are crazy expensive there’s no way I would pay that for a car! I don’t like the fact that our government put 100% tariffs on Chinese cars that maybe someone can afford to buy! I like buying used vehicles
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We too! We have two BYD EVs and solar as well as charger at our Perth home. Seeing EVs being powered by the Sun is a really great feeling, indeed👍👍👍!!!
Is your BYD feeding the grid?
Way to go! Completely zero emission. Good on you👍👍👍
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@@SengpoSatbang yeah no, it cost way more actually but I'll let all you's being silly over there keep being silly.
@@youtubeshadowbannedmylasta2629
China's fossil fuel import already dropping, much earlier than the projected 2035.
It's ok, you can keep living in your delusional bubble..
But please take care of your heart and sanity, China's progressing really fast.
And even though your house bubble may be made of thick delusional rubber, it may burst as
the reality of China's advancement is way too real..
Because ur channel is so fact based oriented you have come to know the truth about China’. Well done!
All of Sam’s info is fed to him directly by the CCP, of course he’s the first to know the propaganda.
Reminds me of the key strategy taken by competent business leaders which are rare in commerce. Most private and publicly listed CEOs and MDs are incompetent and talk their way out, leaving failed enterprises. China is about doing, not talking, most of their leaders are from engineering backgrounds not law.
The last sentence is the truth. Deeds over words
This is a Perfect Storm.
The speed of their growth is scary. But don't blame the Chinese. Consumers have been complaining about the auto industry for many years -- the cars are bloated, too complicated, too expensive to buy, and too costly to repair. And they don't last long. Too bad it takes a crisis to wake them up.
China is about doing… Doing as you are told by the CCP.
Very true, the CEO of BYD, Xiaomi, Huawei, CATL are all engineers, and all of the top managers in these companies are also engineers. While in companies such as Boeing, the entire management is run by Harvard MBAs who only care about stock price and nothing else.
@fdjw88 they are also engineers, financial engineers... 😂
Truly incredible to see what China has done over the last 20 years; very long-term thinking from the country.
Thank you for talking about this for over 3 years now, Sam!
Great planning but absolutely horrific explotation was used in order to achieve it. Theres some serious moral issues around Chinese manufacturing.
@@solidus784like what? why don't you go there and see it yourself?
@@solidus784yess and west also have huge moral issues in the past arround achievements in many fields such as tech, wealth and even democracy fondations. The difference is may be Chinese exploits her labor but west exploit another countries for hundreds of years in resources and humanity till now.
So what moral issues you talking about?
@divinematrix0607 what's your point here the West did bad so now China has a free pass?
@@solidus784 True but I think the overall is ok, I have seen a few factories that are very well managed, they are clean and functioning... but there are stories, which are probably true, but I think they are from old China not new China.... China has certainly paid a price for its success, and I give them full respect ... 1.6 billion people is a lot of people to look after, especially when you consider how we humans whinge about anything and everything, even when we have it good
When you have superior quality product, well designed, and at a good price then you will be a winner. Period.
Superior quality is TBT
Especially if you are well subsidized and so not allow workers to earn a fair salary or unionize - you can win in any industry!! 😂😂 This is not free enterprise: it is government driven. Which needs to be compensated by tariffs. EU tariffs just came in, and effective. US tariffs are clear. Ausie just seems to allow total un-equal competition. Get into the economics if it all. Besides: EU are HUGELY Impacted by Russia's unprovoked and unwanted invasion of free and democratic Ukraine, Geogia and Moldavia, not mentioning Chechnya. And China dares to point out THAT THEY ARE RUSSIA'S GREATEST FRIEND!! WHILE EU IS CHINA'S GREATEST EV CUSTOMER.... (in potential). Big finger to any Chinese producer!! Just one Chinese built car in our Dutch street (1% of cars). People do not like this pro-murder attitude. Dutch graves in town too - of kids shot down, murdered, by the Russian government. (Malaysian Airbus). This is what China openly supports!!
You mean like Red states in the US.
@@nas4apps people totally underestimate the influence of China and what their true intensions are. Not a good thing for the world. People are fast asleep and they don't care.
@@mikemalone9678Touché!
You will be surprised to see the same thing happening in:
- AI
- civil aviation
- every kind of computer chips
- space industry
China churns out tens of thousands of engineers each year. I lived in China, I met some. They were very clever, creative, competent and friendly.
amen ^ well said 3829
Reminds of IBM not taking Apple seriously.
You mean blackberry 😂
IBM came up with Intel PC
IBM and Microsoft. Nokia and Apple...
Add in wang computer, kodak, and other gadgets...food for thought that change is inevitable.
Mainstream Western media and culture typically only recognizes, validates, and promotes information from Western cultures and sources. For example, a "recognized" doctor or professor is one trained in and certified by Western or Western accredited higher education institutions. This cultural myopia can leave many Westerners mostly unaware of the capabilities and accomplishments of non-Western peoples and cultures. China's automotive industry dominance sits firmly within this cognitive blind-spot for many Western viewers. Thank you for your factual and objective reporting. I hope this helps wake up Western and Western aligned legacy automotive OEMs to the dire need to develop excellent (hopefully autonomy capable) EVs with low manufacturing costs.
China is not a democracy, remeber . I am from the former eastern block so using chinese sources as credible is questionable at least. Pro journalists stay away from those medias.
Well said...
th-cam.com/video/Q0smdCy8F8k/w-d-xo.html
sure buddy, the new gen of china EV's are Tesla copies, 1/2 of china's EV exports are actual china made teslas still, also. tesla is western designed and owned.
@@benzine8885
Tesla also uses Chinese batteries from CATL and BYD.
Battery is the brain and most expensive part of an ev.
The last thing any automaker should copy from Tesla is their design. Boring
Some 15 years ago I spoke with an Italian from the auto industry who told me the Chinese will be the Koreans of today in ten years, just when Hyundai and Kia took over the world with their good, inexpensive cars. Back then, he said that in twenty years China would be dominant in the auto industry. That was expected and everyone was okey with it, but now, facing current facts, it can give one chills
The Koreans have not and will not take over the world. Most new cars on the road these days are Teslas. Get your eyes checked.
They didn't expect US to blow up nordstream. European productivity tanked buying overpriced US LPG.
Hyundai and Kia took over the world with their good, inexpensive cars?
"Hyundai and Kia working to repair 3.3 million cars 7 months after fire hazard recall" - USD TODAY
That's a big NO.
@HdurmriSharjah-w1e Korean cars are junk, just ask anyone who's owned one. They bank on making cheap cars and basically get people to buy them because of their ridiculous warranty. Quantity over quality.
Goodbye Chevrolet
Goodbye Chrysler
Goodbye VW group
Add GM, Ford, Toyota, Nissan, Mitsubishi, Fiat….the only survivors will be niche players like Ferrari and McLaren imho….
All of these companies will survive, propped up by governments. No country is going to just allow China to take away 9 million industrial jobs like that, not matter how good the product is. Same thing happened in 1985, when Europe & north America had to enact protectionism to keep Japan from taking over global car markets.
@@ChickensAndGardening True, but at the end of the day, who will buy the German or US legacy stuff? Northvolt failed utterly in Europe at producing bats for EVs.
Verkor in France is to my knowledge Europe's only succesful battery endevour and its "only" 300k batteries per year.
And we're talking about a market that is saturated in most countries already. This isn't like the smart phone 15 years ago, or computers in the 90s.
@@ChickensAndGardening to be a country, you must make your own: energy, steel, semiconductors, cars, tractors, battletanks, ammo
Yes, being a US consumer, we are excited China is making better products to force other mauf. To step up their game. The tariffs are only slowing down the inevitable. I have thought about driving to Mexico to bring back a better quality car, but won’t be able to get service doing that. Wish the US market would wake up
Speak for yourself. It’s only a relatively few heavy industries that enable the US to remain a net producer. Wishing for low-priced EVs made with poverty-level wages to displace established US domestic producers is one of the most uninformed comments imaginable.
Could you explain why you think a Chinese EV is a 'better quality car'?
闭关锁国，掩耳盗铃@@desmo8755
I recently purchased a used MG HS 2023 for $19k on the road. It’s got 30000klm on it, warranty and roadside assistance up to 2030. It’s loaded with all types of features. Why on earth would anybody buy a used 2015-18 Mazda cx5 for example with 170k on it for around the same money. This value is now evident to more and more and the naysayers are being converted.
Yes China has the huge advantage of lower labour costs and other costs, but...most of the legacy brands were asleep, arrogant and complacent to recognize what was happening and make changes. It didn't happen over night and for too long have had it too easy. Wakeup and smell the roses...the auto industry is in a huge change bigger than we have ever seen before
I'm waiting to start at aesc gigafactory being built in sunderland uk Chinese company that will supply nissan is ot best to leave it I really don't no what to do 😅
labour cost only plays insignificant part of a vehicle's total cost, meanwhile China has the highest rate of using robots to produce cars as compared to the rest. lastly China's real advantage is abundance of highly educated engineers and the most complete supply chain in the world.
Chinas advantages: Cheap fossil coal energy, cheap workforce (most chinese manufacturers have low automation level), insane government support. Technologically they are still behind, but not that much.
@@kristofvoros6120wow...check your facts before you speak.
It's not only the labor cost. It is the cost along the value chain...
China controls everything in the value chain, including the raw material.
Once you do that, China can offer their industry the cheapest cost for its manufacturing.
The CCP is a really smart and has long-term vision..
In the end it is China that will save the world from Climate changes..
Internal competition is fierce, thus the winner will be competitive anywhere. Comparing with the well pampered tariff protected auto makers, you know the results already
China makes such high quality products. That's the ticket!
Tariffs are for the losers. China has done it through competition and hard work, without 100% import tariffs. Tariffs may work if the industry utilizes this opportunity to upgrade and improve itself tremendously. Looking at the current conditions in the West, nothing will change no matter how much tariffs are levied. It is more effective if no tariffs are involved and the local industry is forced to compete with global ones.
@eugenec7130 If tariffs won't change anything why are you worried about them?
@@drwisdom1 People in all continents are my brothers and sisters. I am concerned for their future. I wish they can compete too. 😜
@@drwisdom1worried? I actually pity them for not able to buy a better product at a cheaper price. 😂
A relevant video posted yesterday:
"NIKKEI Film: The sound of engines vanishing in Thailand"
Just watched a travel video about The Azores. And there, on a tiny island in the middle of the Atlantic was a BYD showroom.
Well, this actually had a foundation built over decades where China reinvested their trade surpluses (earned from exponential growth in exports to the USA and EU) into conversion from agriculture and illiteracy, building up infrastructure, planning for R&D and future tech. Excess capital, leveraging the labor force of a billion workers and 996 work ethic with global demand for their products. EVs/battery tech are like the "sudden" appearance of the smartphones+WiFi/cell service+internet convergence. It won't last forever but right now China is in a sweet spot of historic economic cycles. Only the laggards are surprised by their own extinction.
The next china's miracle is when with all the connectivities throughout China, it will make China as one big gigantic giant Shenzhen.
Then it truly will be on top of the world
If there's a trade surplus it doesn't appear in a bank account that the CCP can "reinvest" in some other company.
Many products exported by china are "crap". They're unreliable and break Most time their products are less expensive. But the old adage is true with Chinese "crap"; you get what you pay for.
China has proven first time in history and to the world that hard work, careful planning and focusing on the right things instead of the wrong ones can elevate its industry (at least in EVs, batteries and solar panels) from zero to hero within 5 years. The West simply can't do it within 5 years, or even 20 years.
I always wait for the notification about a new video on your channel, just like I wait for the notification of profits from elizzarda.
Elon Musk spoke the truth and predicted this; Sam is correct, every car in the next 5 years will have some Chinese element in it.
China is also forcing the industry to produce more effeciently and lower costs overall to compete, the global consumer is the winner no matter what brand you buy.
China development is advancing fast and very fast on all fronts. China is a catalyst for global development trade cooperation friendship diplomacy. A visit to China will likely change one's perspective. China is a blessing to the world. Well done China 👍❤️🇨🇳
This is off topic, Sam in regards your video about the BYD slave-labor:
The workers at the contractor company have released a statement in regards to the accusation of " Slavery " and the " passport being taken away " here is the link: th-cam.com/video/GnmjbFKRH8g/w-d-xo.html
Also to note, these are short term rural workers from China, once the project is completed they fly back home.
In the footage shown in your video of the workers bunk bed, you can see some have mattress and some don't, have you been to the homes of countries in ASEAN particularly the rural areas in hot humid climates ? I have spend nights in those areas, after 20 minutes on a mattress ( 10cm width ) I roll up a bamboo plank and and slept on it because it was WAY WAY cooler.
Also these workers will cook in a big pot and eat together.
Over the decades China have improve their labor laws, big companies that hired hundred or thousands of workers have to provide or build accommodation to workers from other provinces or rural areas, as for local workers they also provide child care for the kids while their parents work in the factory.
Your comment " Imagine if this is your kids " reaks of western privilege mentality without understanding social economic situation in other parts of the world. People from those rural areas have no nonsense attitude, they don't care about materialistic things even if they can afford to and will save over 60% of there income.
I remember talking to a man in his 60s 20yrs ago in the province of behei China, he saw the price tag on the T-shirts I purchased ( $ 20 AUD ) and shook his head and said " You see the shirt I'm wearing ?, I will wear it till the molecule dissipates in the fabric before I spend another buck to buy another one.."
I would suggest people look up " Jerry's take on China ", an Australian who have live in China for decades..
They are paid 13000 RMB per month, 4 times higher than the salary of the worker doing the same job in China.
Well said.
It was just another attempt by anti China media to try discredit anything Chinese , of course we wont be seeing the true story any time soon on the news.
Lets see how the investigation goes. Maybe there isn't a problem. But just because some Chinese worker says its okay, doesn't mean it complies with Brazilian law, or international labour standards.
It doesn't matter what labor law and regulations are in China, this happened in Brazil and their labor laws apply in this situation. That's an arrogant Chinese attitude that China's laws apply to other parts of the world where Chinese citizens go and local laws do not apply to them. If that's the case then USA citizens or Europeans in China should be exempt from Chinese laws.
ICE vehicle has lot of emission regulation which china was unable to make because it requires more years to get there. But with EV they can simply bypass all emission standards because EV does not have any emissions. With EV, china had level start over Germany and Japan in 2020. With China investing so much, they leap frogged into the new age era as Germany and Japan did not have the 70 years experience in producing EV unlike ICE where they had them. But EV's are the future. Now Germany and Japan are lagging behind in technology. By imposing tariff, for the first time in 600 years after renaissance, west is likely to lag behind in technology
Fortunately, Australia closed down its auto industry sometimes back. Now they reap the rewards for that action and its is paying off. Now Australians will get the best in the world in terms of automobile technology with chinese EV.
I'm not sure I would buy into the "China was unable to crack the ICE engine code" narrative simply bcos what's the point when that engine was already causing massive smog and health isues in China. Are u saying the Chinese are so stupid they cannot see the downside that the ICE engine is causing to their health ? Nah, that's probably why early on they started to take a good look at EV as an alternative .
The owners of US and European car makers - families, but mostly investment funds - also have investments in oil corporations.
They did not want to move away from ICE.
And this delay, their slow-walking development, will bring about the destruction of their oil investments and their car industries.
not true, China do make ICE vehicles in the past, but they realized the problem, ICE is very polluting, in the past, Peijing was so polluted that there is a grey pall over the capital all the time. so, they actually had no choice but to move to electric power for all things and not just cars. that is the true driving force for electric cars in China, they have no problem to copy or improve on the ICE tech, but it is useless for the future. that is also another big reason why China will be the number one in nuclear energy as well. necessity rather than competition is driving this, the old people in China had experienced the industrial fog in the past, for sure, they will never want to go back to that.
@@johntse8655 That's exactly what i said in my comment that was deleted !!!
Intelligent, non-psychopathic leadership, and SOCIALISM. There's no stopping them, nor should there be. We're very fortunate that they will be the dominant influence in the world.
LOL. Greetings from Eastern Europe.
Are you joking? CCP is evil. Open your eyes.
Except that they still use coal for 50% of their energy needs.
@@marcsimmonds5483check this again in 5 years time.
@@marcsimmonds5483
Not for long. They are turning the corner right now. Coal plant build plans are being cancelled. Solar buildout is going at nosebleed rates, and still accelerating, and replacing coal. It will take them a couple decades to wean off coal completely but that's just the nature of the game. They will get there.
on the guardian:
China’s CO2 emissions have peaked or will in 2025, say 44% of experts in survey
Research reflects rising optimism about country’s green transition as it takes leading position on climate action
Amy Hawkins
Tue 26 Nov 2024
Nearly half of experts surveyed by a climate thinktank believe China’s carbon dioxide emissions have already peaked, or will do so in 2025, reflecting increasing optimism about the country’s green transition at a time when it is being called on to take a leading position on global climate action.
According to a report published on Tuesday by the Centre for Research on Energy and Clean Air (CREA), a research organisation, 44% of climate experts from academia and industry believe that China’s CO2 emissions will peak, at the latest, in 2025. In last year’s survey, only 21% of experts gave the same response.
There is also more optimism about China reducing its reliance on coal. Asked if they believed that its coal consumption had already peaked, 36% of experts said yes, up from 20% last year.
I realized what was going on in March 2008 as I saw at the Geneva car salon a BYD F3DM.
BYD 304?
Only 16 years ahead. Pretty nice
You had a great foresight. Even the legacy auto makers did not (or refused to) see it coming.
@@MrNoneofthisisreal The F3DM was a plug in hybrid with a 16 kWh LFP battery
It’s the pattern of major disruption. The (prior) reigning industry has overwhelming investment in their technology and ‘can’t afford’ to change. Until they have to and then it is too late.
KODAK, BlockBuster Video, etc.......
in addition car sales of western manufacturers have plummeted in china. chinese buyers don’t want to pay a premium just for a western logo when the value is just not there. for many of those american and european brands china was their biggest market.
for example when i first arrived in china nearly 12 years almost EVERY taxi was a volkswagen. now you see a volkswagen dotted here and there but the vast majority are chinese EVs.
If US & EU had poured their financial and technical resources into EV (instead of the war) plus Russian cheap energy, the EV landscape could have been different.
I would think if the EU had maintained its reliance on cheap Russian natural gas, all that renewable development that has happened in the last couple of years and the amount planned would not have happened.
That is a big if. Europe's automakers and industry at large cannot comprehend, for some reason, the potential in new ideas. The whole idea if Gigacasting was a great (Italian!) Idea that no automakers in Europe could, and still cannot, recognize the potential in. So yeah, good ideas happen in Europe, but the established European industry cannot see the potential in it.
Hence, the importance of new companies springing up.
That is why it is such a big if, if Europe has poured its resources in that direction. It really takes new companies to innovate from the ground up. Established companies cannot. Sony, is another case. They simply had to give over the reigns to upcoming LG and Samsung.
I am here, in China, loving my new EV. What a time to be alive!
What killed the car industry,GREED, from the purchase price , maintenance charges, add-ons, and subscriptions with NO RELIABLY, customer service ? With very poor management!
With the 8 negative comments you mention on legacy auto China emulates/shares 6 of those negative traits too. Will they eventually follow the same path of legacy auto that failed according to your assessment? Hmmmm
There were 300 brands of EVs quite a few years ago. I repeat, 300 brands. That's the result of Chinese government subsidy program started 18 years ago. Now the government stopped the car subsidy program and the fierce competition reduced the EV car producers to less than a dozen brands. You actually should mention that Chinese government started the EV subsidy program 18 years ago which was rejected by all major western car producers in China because they considered EVs were money losing business.
So you think you can shrug off the fact that China has won the EV race. Guess what, you can't!
Chinese EV manufacturers are poised to capture a major slice of the EV pie, internationally, because unlike automakers in other parts of the world the Chinese automakers haven't been asleep at the wheel.
Price so much models to choose from. Auto heaven 😮
Agree with that concern, the world don`t see the problem yet. They believe fossil fuel is the future, or they deny that electric is. So they dont do much about it.
The Chinese and their government built 2 decades of:
1) infrastructure
2) automated ports
3) ultra low cost energy generation (solar, wind, UHVDC)
4) advanced automation
Now they can manufacture everything
Would be interesting to know what role, if any, the offshoring of US Tech played. Given the sad state of legacy auto, it would seem that China didn't "steal" any tech as is so often claimed.
Well, the effects and changes in traditional industry produced by technological innovations are always impressive; There are many examples: The development of mass production by Ford that made it possible to produce vehicles much cheaper than those that came from Europe and were much more expensive. The electric car was seen coming when Tesla came on the market more than 15 years ago. What did the rest of the world do? What did Germany do?.... nothing; even with the world's demands to follow a green and decontaminating path for the world. Let's not blame China; We must congratulate it for installing a new paradigm.
One of your best and true videos.
Appreciate that
China decided to bypass petrol engines and leafrog West competition 😂
Although China prioritizes EVs, it has not stopped developing ICE cars as well, especially for the export markets of countries where ICE cars still dominate. The Chery and MG brands still export their ICE cars, as well as heavy-duty diesel trucks to many countries.
UK here, our Govt has said it wont put tariffs on chinese cars but the rest of the EU are. Omoda has opened near me, a petrol 1.6 omoda 5 can be had for £22k a battery for £25k, I would love to know how much they are in China, we have 20% vat and what else hidden.
Same there desperate fir China to invest in a gigafactory here in uk there's been rumours also possibly an assembly plant aswell that's why they won't do it uk going downhill I think
Official guide price11,45RMB/1.246GBP
It's tragic that the terribly "clever" people, with degrees in business, running the car companies, earning millions per year, failed to see what was happening. Same thing happened in UK of course. Directors all from Eton and Cambridge, etc etc. So clever! So stupid, if they cared about the long term future of our country. British cars were once the leaders in the world......
Wow. China is winning.
Hello Viking when are you planing to make a video about Nio ET9 and Firefly ?
Come on don’t be shy . Just admit it Nio is the Best . 💪
Nio is unheard off. BYD is #1.
@ Yes, BYD is number 1 in the cheap hybrid car category, we are talking about pure EV here.
@@EAGLE-34- Tesla is #1 then BYD is #2. Nio is not even in the list. Sorry.
@@PyroShields.
You have the right to be sorry . soon you will lose all your money by investing BYD
I am sorry for you to bro.
Before you talk here please go look at the Nio ET9
And come back and talk to me
@@EAGLE-34- Warren invests in BYD so I think I will follow his lead and not yours. Sorry bro.
I don't think we need worry about great brands like VW, Mercedes, Audi etc disappearing. Their brand image is too strong. When they file for bankruptcy they will be snapped up by Chinese companies and will continue to produce under their original badges, but not in Europe sadly.
VW too strong? Dieselgate image is still strong, BMW is still made from too many plastic parts
Agree about your insight!
Most importantly, China has really good VCs and a government that promote market competition, at least in the private sector.
Yes and no. China's government loves entrepreneurs, until they get too rich and powerful, then it takes over their companies and steals the money. Happened to Alibaba and several others. Watch them do it to BYD pretty soon. CCP is a kleptocrat regime.
The killer of legacy auto is autonomous taxis -- Transportation as a service (TAAS). Today's global auto market is near its peak... TAAS will drop the number of privately-owned vehicles by 50% or more, likely by 2030. Only a few automakers will be needed for the entire global market. Those will offer electric, autonomous vehicles. No combustion, no hybrids, no PHEVs, no manual-only anything. Disruption is here.
Can you share with us the size, configuration and cost of your solar system that supports your house and also charge your EV at the same time ? Thank you.
I wish people would stop bringing up "capitalization" as a way of valuing a company's position in the consumer end marketplace. MOST stock trading is on secondary markets, the company gets ZERO percent of that change in stock value. The stock market has become 4/5ths speculation, with piling on (based on the CEO's ability to popularize their company) being the number one reason stocks "soar." The ONLY benefit to the company itself is an increase in any value held in stock in their "treasury." All else accrues to shareholders. And given that there's too much money chasing too few good investments in the past 2 decades, any stock that even looks 1 iota better than another gets exponentially more investment.
Would you please do a segment about robots that are being used in homes today? Are the Chinese using their robot dogs for security? Are the Japanese using their humanoid robots in nursing homes? Are there folks using robots in their day to day lives?
@@RM-xf9gi Chinese security bots aren't dog-shaped. The real ones are super-dystopian. Last time I was in our contractor's office there was this mini half-track patrolling the parking lot that was about the size of a Smart (but shorter) that could open up to launch a small quadrocopter drone then recover it. The main body itself usually has its scarier parts hidden under a smooth surface, but it's basically a robot arm with sensors and what looks like crowd control gear (loudspeaker, some sort of taser quad-launcher, and a baton-like thing with a ball on one end). It is impossible to convey the sheer discomfort of seeing that thing reveal its innards.
You are correct. People are not aware what's going on. I tell them and then after something happens they tell me I was right. Thanks for informing us.
Same, though they don't come back to me and say I was right.
to be a country, you must make your own: energy, steel, semiconductors, cars, tractors, battletanks, ammo
China is expecting US and its allies to ban Chinese EVs, that's why BYD and others are focusing on Africa, Latin America, Middle East and SEA as future markets.
It is not only "vehicles" it is the WHOLE SUPPLY CHAIN ✌️
Who is designing the Chinese vehicles? Is it Chinese people or secretly a bunch of German former Audi/BMW/Mercedes designers and engineers?
Edit: I looked it up and I was exactly spot on. BYD head of design is Wolfgang Egger, Zeekr head of design Stefan Sielaff.
@@mrnicktoyou The Chinese car companies were too poor 20 years ago to employ designers & just copied western designs. The whole world had a good laugh. Today they head hunt good car designers to help them (in house designers) get the most innovative designs out to market.
I think these figures must come straight from the CCP. Industry publications show only one Chinese company in the top ten which is BYD at number 9 with 2.95 million units.
Chinese Geely is number 1, it sells more than BYD.
I'm glad you made this video it reminds me of my transformation from a nobody to good home, $34k monthly and a good daughter full of love
My advice to everyone is that saving is great but investment is the key to be successful imagine investing $15,000 and received $472,700.
Unfortunately, not all of us were financially literate early. I was 35 when I finally educated myself and started taking steps. I went from $176,000 in debt with zero savings or retirement to now, 2 years later, fully debt-free and over $1000,000 net worth. I know that doesn't SOUND like a lot, but I'm incredibly proud of it. Now I'm fast-tracking my wealth building (investing $400,000 annually) and don't owe a dime to anyone. It's a good feeling!
wow this awesome I'm 47 and have been looking for ways to be successful, please how??
Making touch with financial advisors like Elizabeth Regina Nelson who can assist you restructure your portfolio, would be a very creative option. Personal financial management will be crucial to navigating the next difficult times
Elizabeth Regina Nelson has really set the standard for others to follow, we love her here in the Uk 🇬🇧 as she has been really helpful and changed lots of life's.
Nobody bothered with BEVS now it's a runaway train
If Tesla cracks robotaxis then each robotaxi will displace 4-5 cars. So if they make 20 million, that would mean the equivalent of 100 million, which is more than the global market. That’s the only hope for any country other than China. Not that I mind China cornering the auto market. They worked hard and smart. They deserve it.
What about the Tesla Model Q $25K subcompact EV?
Different governments, one willing to help invest other governments like Australia couldn’t care less that why we don’t manufacture cars anymore, and just adding tariffs to Chinese cars won’t solve anything
That is why so many countries are scared of Chinese cars coming into their country. The only thing they can do it put tariffs on them but I dont think it will be effective because they can build factories to by pass tariffs.
Cars might be cheap in China but here in the UK the BYD Atto 3 costs US $46,600, hardly a bargain
China in a way does capitalism better than the West now. Think how many EV manufacturers have gone bankrupt in China. The competition in China is insane. It doesn't have unions to hold back automation and robotics.
Er, no. Chinese unions are crazy strong. Most people who haven't worked deep in the Chinese system don't realize this. I was staying late back in 2015 in a Design Institute's office and a union supervisor "caught" me and demanded that I report the "overtime" work immediately to the union's office on the 5th floor, as well as rat out which manager "forced" me to stay there late into the night. It took a while to convince them that I'm a foreigner working for the project owner. Unions have extremely strong representation in Chinese companies. It's just that they're aligned directly with the CCP apparatus, so they obey the CCP's mandate. Also, the Chinese unions are a lot better than Western ones in redirecting labor when there is a mass layoff. Since they're nationally-integrated they can easily send off members from one place to another that needs similar labor, or even retrain workers when needed.
@@andrewsuryali8540 Well, I meant to suggest that the unions in China are different. Chinese unions are more like a government branch. When automation/robotics advance, Chinese unions won't stand in the way. The unions may help with coordination, but it's mainly government that deals with laid off workers.
China automotive sector is going strong, to be sure. I wonder however what will happen to Tesla, which as you point out now is up to $1.39 trillion in market cap and may become the world's most valuable company in 2-3 more years, based on its robotics and battery storage businesses as well as its vehicles.
This video is missleading. The 32.3% China is producing are of diferent brands; all are not chinese.
As a Canadian citizen, I believe one of the biggest issues here in the West, is that there are still too many people who believe China is some backward underdeveloped 3rd world country. While in fact, China has already well surpassed Japan, and many European countries in terms of advance manufacturing and innovation. The first step of solving any problem or challenges is to recognize that the problem exists. And what terrifies me is that most of my country men don't even see the huge elephant in the room, and they still live in the "China cannot innovate" bubble. It's scary, terrifying and concerning.
I imagine with higher tech cars, the Chinese companies will adopt Tesla autonomous software and this will further entrench Tesla and Chinese EV over everything else
do you know huawei autonomous software
For autonomous driving software, you should check up Huawei Level 4 Xinghe intelligent autonomous driving solution or Xpeng Level 4 Turing AI Intelligent Driving System.
If China does the work, then they should get the pay......
EVs are not over the line yet and still need to over come many challenges ie., fire risks, recycling of old batteries, charging time, super charging facilities, range anxiety etc. One great thing going for the EVs is that they do not consume energy when stuck in traffic jams. At this rate of production of cars there is neither enough space on our roads, nor adequate parking facilities, in major metropolitan cities.
This person is talking about a period five or six years ago - time they caught up with what is really happening!
You seem to be bringing back old tired arguments against EVs.
Fire risks: greater rate for ICE than EVs.
Recycling of old batteries: EVs and their batteries are still new. The United States should follow our global partners and enact extended producer responsibility (EPR). EPR holds automakers responsible for recycling all batteries. As the EV battery packs get old, the recycling business will grow.
Charging times: already improving.
Super Charging facilities: growing.
Range anxiety: Already improving.
This is the future. Doesn't matter if we like it or not.
Fires, this information from the insurance industry:
Hybrids (including Toyota) 3,500 per 100,000 cars.
ICE (Petrol and Diesel) 1,200 per 100,000 cars.
BEVs (pure electric) 25 per 100,000 cars, and is going down as this includes the problems of LG Chem.
Here in the USA, it's like medieval times. Still hardly any EVs to see, and they are all Tesla. Most people still cannot afford it, or just don't have enough charging stations to justify to own one.
Average new car price keeps increasing in the US. Average US car price could be six figures in a few years.
Hey Sam- how about a little love for NIO. No nio photos, no mention of swap stations or ET9 for Firefly? C,mon man.
I am soooo happy for China! 🇨🇳
Go China 💪
For at least 2000 years up until mid 1800s the Chinese were the world's leading capitalists. China was the world's biggest manufacturer, exporter and inventor. British Opium War invasions destroyed China, and also the Manchurian rulership prevented Chinese advancements. Today China is back to being itself again, doing what it has always done best.
Merci !
In Life if you determined you can do it. That's why China is where they're now. And the rest of the countries are struggling.. 😏✌🏻
Finally more facts and stats. But your conclusions don’t explain why China HAS to go for export.
When you say China produced 33% does that include other companies like Tesla that are based in China?
They took over the EV industry, not cars. Which was entirely predictable since nobody can sell EVs at a profit. It needed half a trillion $ in CCP funding just to get this far- let's see how long they can keep that artificial market pumped.
The EV market IS the (new) car market! They are perfectly positioned to totally dominate now. It really is over for the West. They won, period.
"Artificial market", lol
You know nothing about China, the car market, EVs, economic....😂
It’s awful legacy auto ripoffs - remember when bmw started charging a fee each month so one could turn on seat heating. Just awful the greed. Now these high end german companies will perish from their hubris.
Everybody has it wrong. It is not about longer range, better batteries, faster loading batteries or combustion vs EV. I work all over Asia, and people are sick and tired of legacy carmakers. Buy a Toyota made in Rayong in Thailand or an imported European and you will notice two things. 1. The price is staggering in comparison with Europe or the US and 2. A-hole legacy companies will give you obsolete technology, while the Japanese give you also a motor which they can not put in an export car because it is too power-hungry.
They must be thinking that Asian people are satisfied with a GPS that needs to be updated once a year for 700 USD at the time, outdated parking technology, and where half the gadgets have been stripped out. This 1960s way of thinking have or will kill all legacy carmakers. Asians do not want old technology, they want to be on the forefront of technology. German Cars where half the buttons have been muted and where the panoramic roof is swapped for a shitty plastic or metal roof.
On top of that, workers switching from legacy carmakers to Chinese EV makers can expect a 50-200% pay rise and a promotion. Greed Ff'd the Japanese and Europeans over. Too bad for them, blame their directors and marketing people.
Cheers bro
The Legislation outlawing ICE vehicles is the advantage China has. Flip it back the way it was and watch the European and American markets crush the Chinese market.
Going to shift the goal post again?
Wasn't it the weeeest that preached on free trades and China abided by them?
Wasn't it the weeeest that complained about China producing too much carbon and China abided by it with EVs?
Now you want to shift the goal post after realizing you aren't winning the game?
I see this reported up and down on mainstream media (in the U.S.). There just isn't much we are willing to do about it. It would go against the libertarian values we have in the U.S.
who knew when you send all your factories to a foreign country that country is going to outcompete you in all those fields, I knew this when nafta was first proposed
and I was young and even then I saw how bad an idea sending out all your well paying factory jobs was.
Very naive thinking energy is free from solar. In Spain years ago they started taxing solar panels yearly. But also the environmental damage of EV's is terrible.
Thanks Sam we in the USA have our heads in the sand refusuito let go of the horseless carriy
Carriage
When the White House was busy and dizzy in stemming the entry of Chinese EV cars, suddenly they were surprised again by the flight of 2 of China's newest fighter planes which made the US government no longer feel like celebrating Christmas 😂
Evening brother
China is progressing rapidly towards renewable and EV. Why? It is cheaper to use renewables, they are in operation quicker, batteries are cheaper and power stations take far too long. China saw the way progress woas moving and now they are major players.
Year of the Dragon 🐉
China has been consistent in action and is pretty much sticking to plan, the real reason they are "seemingly" so far in advance is that what exists outside of that sphere has failed to progress as would normally be expected. In many ways, especially the west, we have seen lowered education standards/policies that promote equity over achievement/working ethic and a focus on chasing unrealistic societal changes that promote nothing of value bar in the narrative of "self hate and look there not here." If anything China will fall victim to their own success due to the continued collapse of western societies and the market that they once found there.
China is helping developing countries by building infrastruture to enable them to become new richer markets for their manufactured products. Read the new plan is to build Chinese factories in developing countries and less infrastruture.
ICE vehicles will be around for a long time to come.
@@outsideworld76 Weird comment. Nobody says they won't be. Are you sure you're not being political here?
In the future, we won't have our own cars, but we whistle one when we need it. Therefore, there will be fewer cars on the road, and over production for the remaining producers.
,
True for city dwellers but not those in the country.
Do you really think that all these Chinese manufacturers will be around to warranty their cars down the road? If these companies go broke (which some will ) you will be stuck.
Buy smart, buy from the bigger of the Chinese.
To a large extent the nations consuming autos have production capacity. They don’t need China as much as the Election Viking seems to believe. Further, the mass market and infrastructure isn’t ready for a rapid conversion to EVs, and China will choke on its overcapacity.
The chart shown China is already the leader, larger than usjapan combined. Haven't choke yet.
@@FrankiePo89lots of cars in inventory lots and perhaps being driven in China. Choking on inventory means they aren’t moving their capacity and it’ll be a long time before nations with their own capacity let more Chinese products upend their domestic sources.
Question , In Canada our Government seems to follow US, Canada put tariffs on Chinese maid vehicles too like the USA . I am guessing they are trying to keep China made cars out of the country's . If that is so , that's called protectionism in the markets. That said we all know most made products are made in China, cheaper labour, cheaper product, cheaper quality control. As a consumer, we make choices based on how much things cost. The only way governments can go up against China is keeping their cars out. Why not let competition and consumers make the choice. If I wanna buy a Chinese car, I should be able to. If that Chinese car is half the price of any other car on the market I would like that choice . If I wanna buy a car that will fall apart and break in six months that should be my choice. If that car is well-made like really how hard is it to manufacturer a battery and four wheels. It seems to be like any other industry, a race to the bottom with the cheapest product. I seen in my industry over the years and now it's happening in the car industry. Competition is good. Car manufacturers no matter what brand seem to always be getting bailed out with our tax paying dollars. That seems to be the way things are today. I say, let the Chinese cars in let consumers make the choice but control the volume of Chinese cars entering the countries and let manufacturers figure ways on how to make a battery in four tires cheaper. If trying to can do it so can we .
You mentioned early in this video that China has the capacity to make 60 million cars a year when they only sell about 20 million right now (domestic and exported)? That sounds like poor planning to me, expecting growth to go on and on. That's not going to be a good outcome if the market matures and they are left with all that excess capacity. I guess they expect all markets around the globe to become fully electric, which almost certainly won't happen.
China is the world's number 1 EV maker, made and sold hundreds of millions already. How many EV have you made or sold?
Electric cars are crazy expensive there’s no way I would pay that for a car! I don’t like the fact that our government put 100% tariffs on Chinese cars that maybe someone can afford to buy! I like buying used vehicles
" China is a sleeping dragon, when China wakes the World will tremble " (NAPOLEON).