CNBC did Nio dirty, showing a 4 year old Nio and a gen 1 battery swap station 😂😂😂😂. Nio is on gen 4. Cant handle Chinese competition so misdirect people
The quality of Chinese cars is poor, but more important than that is that your information and that of your family can be transferred to China and put you at risk.
thats beccause people like you think Chinese, Japanese, and Koreans are all the same. The less educated you are, the more you would think they would you do.
That NIO is 4 years old, swap station is 1st gen. Why did you deliberately pick an old product. This is misleading. Imagine comparing Apple to Samsung with an iPhone 8. That's what you've done and don't think people will not realize it. CNBC , dishonest as always.
The quality of Chinese cars is poor, but more important than that is that your information and that of your family can be transferred to China and put you at risk.
I believe I heard thw answer to your question in the video. The USG set the tariffs preemptively. The tariffs will force the Chinese to compete with similar prices seen in American EVs. The belief is that not taking this action could impact employment for the American worker, and hurt American businesses.
Thats the crap that always makes me mad at corporate America.... They complain about government interference.... Then demand terrif so they can compete. Such a double standard.
As someone who works in automotive out in Michigan, I’ll say that China’s growth in EVs has been anticipated for a long while now. There’s not a single global supplier that doesn’t have Chinese auto as a massive revenue growth projection going into the late 2020s and beyond. We’ve been kinda living in a bubble over here in the states while BYD, SAIC, Geely, Great Wall, Nio, and a bunch of other companies that Americans haven’t even heard of have been slowly penetrating market share through the rest of the world. Benchmarking companies like Caresoft and A2MAC are barely getting their hands on recent model year Chinese EVs for teardown, and there is nothing to laugh about on these products. The US and EU wouldn’t be threatening massive tariffs on Chinese EVs if they weren’t afraid of a threat.
This is one of the truest statements I've seen posted about this subject. This from someone who retired from a company that were supplying the automotive industry.
@holycrapitsjake excellent point. Do you think the Chinese EV makers have to consolidate (losers get bought out or go bankrupt) before they become a more formidable threat?
I've never seen a Tesla in Brazil, though I imagine there are some imported ones in São Paulo. It makes no sense to own a car here that you can't repair because the manufacturer has no official presence. So it's natural that there are practically none of them to be found. Even if Tesla did sell vehicles here, the cheapest one would go for AT LEAST 400k BRL, so it would be a luxury car in practice.
@@son_guhun It's a luxury like a Ferrari or a McLaren. We can't fool ourselves anywhhhere in the world: if you have the money, you but it! And if we think about it the same goes with BMW's top trim or Mercedes car in Brazil. As you may know, the brazilian market is not like the american market. Every decent car is ver expensive, that's why we buy the cheap ones, but if you have the cash... There's no limit, so buying a car from Tesla, Ferrari, Porsche, McLaren and so on
That’s right! If the Chinese enterprises are not doing well, blame the Chinese government for dictatorship…but if the Chinese enterprises are doing too well, blame the Chinese government for too much support. 🎉
Modify it slightly： If the Chinese enterprises are doing bad , blame the Chinese government for dictatorship. If the Chinese enterprises are doing good, blame the Chinese government for dictatorship yet.
Free to Tibet, they are not even Han Chinese, they have a totally different culture. Free Xinjiang, same as above Free Taiwan, they have diverged sufficiently that it's no longer a part of China. It's akin UK trying to reclaim Canada or Australia. China is an evil country.
hahaha exactly! Our government gave the EV industry far more support cash then China has. The difference? Our tax dollars went to massive stock buybacks, shareholder payouts, and Elon Musk's 60 billion dollar bonus.
@@MattTee1975 Because it included 'downsides', and for some people, it's not acceptable to report on a situation fairly and cover both good and bad, only reporting good is acceptable.
They’re trying to discredit the Chinese ev’s mayors for some but there’s no such thing as bad publicity. People will actually start looking into them more
@@angelozhangSshe’s driving a NIO EC6 from 2018 and Gen 1 swap station. Bump this post entirely, CNBC is false advertising and in a sense deliberately putting down competition.
@@tm4s426-She probably did not know. She told the car to find a battery swap and it went to this one since it was probably open (because it is a slower/older one). -For USA 10min to charge or swap a battery is very fast.
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Ridiculous. She used the oldest nio model and swap station. This woman clearly had an agenda to bash the Chinese EVs and praise Tesla. This wasn’t a fair comparison
Germany exports more than 80% of all cars it built yearly, and there's no overcapacity heard. China export less than 20% of the cars it built, and what do you hear?
Disingenuous to focus on Germany alone when the entity claiming China is dumping and adding tariffs is the entire EU. What percentage is the EU exporting ? BYD is smart - they are building the Turkish factory to secure EU business.
@@dannyhang7482 does germany subsidize their auto industry? because that's the real debate here, if chinese government doesn't underwrite their EV industry, they can't offer the cheap prices. enjoy the tariffs.
Unless they go private American companies can’t innovate because of the stock market. If they reduce their prices and profits tank the stock drops . How will board members eat. ?
Honestly car prices have gotten outrageously unaffordable where you can’t even pay cash for a decent used car. It’d be nice to see fresh competition drive down prices
@@nguyenhanh9479*CNBC cherry picking some short range version of Chinese car models that have lesser range than the LONG range version of model Y* as if "American batteries" (if the term still exist) still on top but in fact SINCE DAY ONE, Tesla has been using Panasonic batteries as a startup Tesla has a zero battery technology, in contrast Panasonic has been researching battery technology for 30 years, as it does with its production line with help of Toyota (still it's quality has nowhere near Toyota yet the panel Gaps are as big as somebody's thumb), Right now it tends to use Chinese battery maker also the largest in the world CATL. There are some models in China with batteries in China already has a range of exceeding 800 Mile, solid state and Ultra fast charging. I guess if she just won't talk to talk about *Tesla panel gap and other quality and Design issues* - I mean there are thousands all you have to do is Google it *... while you are at it Google "coin balance on a 375 kilometers per hour bullet train" 🤭 That was a trend in China a couple years ago* *🤭 CNBC, the only reason Tesla Model Y is the most selling model in the world is because American and Europe (r@ce based policy?) have banned Chinese car and China has never banned American cars. In fact if you buy Tesla Model Y in China you get exactly the same subsidized subsidy as a regular Chinese cars - Google it that is how fair Chinese government is*
Remember in the 80's and 90's, US politicians and automakers were trashing Japanese cars? My late 90s Nissan still looks and runs like a brand new car. Teehee... 😂
@@JigilJigil Rubbish. Japanese brand and manufacturing had gone downhill since the late 80s when they started to use their new found wealth to invest in Real Estate worldwide and media. In the 70/80s yes, not anymore after that.
@@JigilJigil >junk making culture< i hope you realize where all your smartphones and computers come from. it clearly already has the equipment and skilled labor force to produce high quality goods, and now china is developing its own intellectual properties so that it's not so reliant on american brands to drive economic growth
Wow, as a chinese i am shocked to read the positive comments here. I am speechless because i know how americans view china, its givernment and the people. But surprised in a good way that there are some people here who arent biased!👏
Japanese Automakers: We'll give the consumers what they want. Chinese Automakers: We'll give the consumers what they want and cheap. American and German Automakers: We'll give the consumers what they want... at a premium or subscription-based model.
No. Japanese, German & US auto makers are not giving what the customers want (EVs). Typical inefficiency associated with large companies killing them. Toyota spent billions in Solid State battery & just realized that's just gone down the drain. Same story is true for others. So it's time for agile & nimble Chinese auto-makers to dominate. As a consumer we can only hope for this war to be quickly over.
CNBC, shame on you nd your reporter with a hack job video. She is showing Chinese EVs like the NIO that is over 4 years old instead of their newest version. Along with NIO first generation swap station rolloed out over 5 years ago. Instead of the new Battery swap stations that re fully automatees and complete swaps in about 3-minutes. Along with first generation cars auto parking that is not an issue for today customer. It is clear that you did not ask the EV makers for a demo car so I have to believe this was intentional and in very bad taste. American car buyers deserve an updated truthful vedio revision. Thanks.
Nio investor and enthusiast here to set some things straight about this dishonest video. At 7:39 they are showing the first generation EC6 model, which is a car from 4 years ago. We are already at generation three. On top of that she showed a swapping station that is from the first generation. In the whole of Beijing there are only around 14 generation one swapping stations. All the other ones (around 100 swapping stations) are generation 2 and 3. The swapping station she uses only holds up to 4 batteries, while the majority of all the other swapping station hold 11 or more batteries. The fourth generation even holds more than 20 batteries! Also, she states that swapping the battery took around 10 minutes at 8:09. The majority of the swapping stations can swap the battery under 3-4 minutes. The fourth generation is able to do it under 3 minutes! This women took literally the first and oldest version of the car and the first and oldest battery swapping station in order to compare to Tesla. This is manipulation at its finest. Some statistics: in the whole month of July the average amount of swaps on a daily basis reached 60,000 plus! The latest generation of swapping stations can swap 480 batteries within 24 hours. Nio has recently passed the total of 50 million battery swaps. The swaps are now going at a rate of more than 2 million swaps on a monthly basis. Let that sink in for a minute. Total BS this video. This woman is a Tesla fan and compares apples to oranges. Chinese EV makers are outmatching the Western car companies at an accelerated rate and Elon literally said this himself in a phone call to a journalist. Manipulation of the highest Order!
I came across your channel through this video-case studies are incredibly valuable, and I'm eager to see more in the future! Building wealth involves establishing routines, like consistently setting aside funds at regular intervals for smart investments.,..
You're correct. I think the smartest way to go is to spread out your investments. By putting your money into different asset classes like bonds, real estate, and stocks from other countries, you can lower the risk if one part of the market goes bad.
Talking about a financial market specialist, do you consider anyone worthy of recommendations? I have about 100k to test the waters now that large cap stocks are at a discount... Thanks
Speaking of Chinese government's EV subsidies, Tesla received the same subsidy as other Chinese manufacturers, and they built a gigafactory in Shanghai, doesn't suprise me that Rivian, Lucid, and Fisker couldn't dethrone Tesla in terms of sales.
@@markthomas7279 guess you are right, because I saw Tesla after Tesla after Tesla in Beijing, and I asked myself, where are the Rivians? Where are the Airs? Why nobody imports them for a high markup like what they did to the Land Cruisers?
Normal "US citizens" have known that 100% of electric cars will be manufactured in China for over 10 years. How foolish CNBC is to think we haven't already know this for over a DECADE. They must be numskulls over there, lol....
Yup. We have these artificial supports built in that pad American carmakers' profits. We pay ridiculous prices for terrible cars that nobody really wants.
The quality of Chinese cars is poor, but more important than that is that your information and that of your family can be transferred to China and put you at risk.
@@jihooncha-vs4om mom is already at risk, indian scammers keep calling her, because of leak from western companies that didn't care about cybersecurity either. practically all big companies have leaked at some point that keep records of us that we registered. and i live in northern europe, finland, nobody here has registered to any chinese service. european union will never allow cheap chinese cars to disrupt our car market, french german etc. automakers and their unions are too powerful, would make them unemployed.
Huawei builds some amazing electric vehicles .... nothing that the US or Europe has build so far can come close to Huawei. Why can't companies such as Apple, IBM, Microsoft build an electric vehicle? Because they don't know how. Apple tried but it failed miserably.
If the Chinese EVs aren't as good as Americans expect, why fret over Chinese EV exports? Why impose tariffs? If the cars do not suit American taste, then they won't sell. Period. End of story.
They are playing into the American fear that Chinese companies produce low quality products. The reality is that sometimes they make fantastic quality and sometimes they make terrible quality. The American consumer is the perfect market to weed out which is which
What CNBC didn't mention is that Tesla enjoys the same tax cut and other policy favors as those native EV companies. Just check how the Tesla's Maga factory in Shanghai was built almost overnight...
Nah. Tesla got more than the local Chinese business. Like lands with no cost and such. Not to say many Tesla's cars are exported from China that they enjoy tax refund from that.
And Tesla Chinese engineers are so good that 2 years after production started they've made tremendous improvement in both quality & output, and the Shanghai engineers are being sent to Tesla's Fremont factory to train & upskill the engineers there.
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I agree. There's a lot of potential in the market. My friend introduced me to a financial advisor in 2023 Professional Chrissy Barymoer and even though I was skeptical, I went on. I finally was making enough monthly dividend to quit my soulless job and pursue my dream to start a restaurant in New Jersey and still earn five figures in monthly dividends.
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I live in Brazil, there’s no Tesla dealerships but I see many BYD dealerships. I see EVs from BYD, GWM every single day. It’s way cheaper and much better then the alternatives. Chineses EV are selling like crazy here. And ford it’s not even selling cheap cars here anymore. They just left Brazil.
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In markets where they play with different rules (no tariffs), we all know who wins. Also Brazil has been getting closer to China thanks to Lula. No surprise.
Brazil actually raised taxes on EVs to protect local factories from GM, Volkswagen and Hyundai. And there are many teslas here in Brazil imported directly by the consumer. Volvo is also selling many EVs and installing chargers.
So it’s not a matter of getting closer to China since Brazil is raising taxes on imports from China, and we have plenty of EVs from Volvo, BMW and Audi, it’s a matter of Tesla not willing to open a dealership here.
Huawei builds some amazing electric vehicles .... nothing that the US or Europe has build so far can come close to Huawei. Why can't companies such as Apple, IBM, Microsoft build an electric vehicle? Because they don't know how. Apple tried but it failed miserably.
I don't think these people realise Chinese EV sales, hybrids, and ice are growing globally... People are already buying them in Asia, Latin America, Europe, Australia, Africa...
in statistics, yes , but they are nowhere to be seen in large numbers...africa?! they barely keep the grid in place, maybe if they give them for free...latin america?! buying a car at x2 price that of an ICE in poor latin america?! BYD in Europe on the streets like Renault,Volkswagen etc Not even close! Where are these cars from Chinese EV selling statistics?
@@strigoiu13 "they are nowhere near to be seen in large numbers" lol, the sky is blue? Because Chinese companies have only just began exporting cars. Unlike Tesla.... However, I'm talking about the "Growth rate " of the sales of Chinese EVs abroad... Africa, Latin America, Asian, Australia, Europe. The growth rate of these sales speak for themselves lol...
My dad, born and raised outside Washington, DC in Maryland, bought 2 air cooled Subarus in the early 1970's. He then bought a used 1974 Mazda B1600 in 1977. People thought he was weird or crazy at the time. The 1979 oil crisis hit, and it really didn't affect him, while all the gas guzzlers were stuck in hours long lines at the gas station.
I remember when people called Japanese cars "cheap Japanese cr*p". And I remember when Korean cars were called "cheap Korean cr*p". Currently, it's China's turn. But it's evolving. Anyone who thinks TCL and Huawei (just 2 examples) make cr*p are sorely mistaken. Their products a more than the match of Japanese and Korean manufacturers in their price range (and probably far superior to anything American if they even exist).
china had improved their image in some areas for a while, like with huawei. then, taking huawei as an example, the ccp pressuring huawei to start pre-loading surveillance crap into their hardware resulted in a swift ban from the west. i have zero trust they're not gonna do the same with cars, especially when tiktok has also been caught using similar surveillance tech for their own reasons independent of the ccp. (and in china, telling the ccp "no" results in almost certain torture and/or death.) few in the west expect big chinese companies or the chinese government to operate in anything resembling good faith anymore.
@@ghtwghtw7197I guess if she just won't talk to talk about *Tesla panel gap and other quality and Design issues* - I mean there are thousands all you have to do is Google it *... while you are at it Google "coin balance on a 375 kilometers per hour bullet train" 🤭 That was a trend in China a couple years ago* *🤭 CNBC, the only reason Tesla Model Y is the most selling model in the world is because American and Europe (r@ce based policy?) have banned Chinese car and China has never banned American cars. In fact if you buy Tesla Model Y in China you get exactly the same subsidized subsidy as a regular Chinese cars - Google it that is how fair Chinese government is*
Also she went to Gen 1 swap station of nio that's why it took 10 minutes, why didn't she try Gen 4 of 3 minutes, CNBC youtube exist and we can check other sources be careful of your credibility
They intentionally chose the worst possible outcome in everything for their reporting. This type of media reporting and the reporters themselves earn their livelihood from lies and hatred they sell to the world. They are more than hypocrite, ev!l actually.
@@charlech you can fast charge or swap, you can leave the car and go it will swap and go back to it place, you can upgrade to a new chemistry, you can rent your battery, what do you want more?
I’m a “huge” NIO fan! I’m counting down the days until they hit the U.S. market. I need a car that’s fast, efficient, and keeps me moving-I don’t have time to be stuck charging forever like with Tesla! NIO’s about to change the game babe!!! 🎉🎉🎉
Don't fool yourselves. In the end, 90% of us will buy the cheaper car no matter where it comes from. Chinese EVs are not the low quality product you're trying to make them look like.
@@samuelwilliams7331 Teslas are mostly a gimmick if you live outside of California or anywhere without major charging infrastructure. They are actually very reasonable vehicles if you do very short commutes. They have good power at the cheapest model even decent equipment even very low maintenance cost. Major maintenance items are mostly tires and the occasional fluid change. All for 30+ grand now compare that to a legacy auto maker that can only provide you with half of that for the price. This is what China is doing they are undercutting everyone because they want to see results and not a di_ck measuring competition of who can do it better and who should I support.
No you won't because usa know they are better quality and more advanced and cheaper so usa government have slapped a 100 percent tariff on them ... ripping off their own citizens and falling behind... I have will own a nio et7 in uk well before you can in usa
@@frankgriffin6293 BYD are used as taxis all over China. There are now cars with well over 600,000kms with minimal battery degradation and the interiors are still fine.
The broadcast's depiction of a 10-minute battery swap at Nio's first-generation station is misleading. With the fourth-generation battery swap stations now in operation, where the entire process, including parking and exiting, takes only around 4 minutes-2 minutes and 30 seconds for the actual swap-using outdated technology to assess current capabilities gives a false impression. This approach fails to accurately represent the technological advancements and misleads viewers about the current state of Chinese EV technology.
News is for poor people. Normal "US citizens" have known that 100% of electric cars will be manufactured in China for over 10 years. How foolish CNBC is to think we haven't already know this for over a DECADE. They must be numskulls over there, lol.
The reporter also wasn't able to actually describe many of the "uncommon" features in the Chinese EVs. They seemed to NOT have consulted with knowledgeable car people in China, under-estimating the complexity, and creating a feature that is less informative than it could have. My guess is that they couldn't distinguish a 1st gen vs. a 4th gen Nio.
10-minute battery swap was a lie. If you understand Mandarin, the AI clearly told her there was two cars in front of her....She was including the wait time.
It's encouraging that mainstream media is attempting to cover this topic despite many inaccuracies. It's fair to say that Tesla remains one of the most popular car brands in the world. However, placing Tesla in the same conversation with China's high-end EV makers, such as NIO, Zeekr, etc., regarding tech, design, value, business model, and, yes, quality is an enormous ask by any measure. The United States, Canada, Europe, and a few other nations actively engage in protectionism against China's EV makers due to their failure to force big oil and big auto to pivot decades ago. Now, they employ national security and unfair subsidy practices as the prevailing reason for preventing consumer access to safe, quality, and highly economical EVs from China. If the goal is to transition away from fossil fuels and protect the environment, the only logical explanation for the current course of action is the continued facilitation of corporate greed and, sadly, indifference to the disposition of working-class citizens
Can you tell me what China employees get per month? If you are talking about other countries near them, it is on a relative term. And how many of them make cars besides Japan and Korea? While you are thinking vietnam, Laos, Thailand- but not Singapore, right? 😊
Why do you think the West outsource their production to China in the first place? No it's not because of their strict labor laws (they don't have lol) or because Xi looks like Pooh bear. It's because of the cheap ass labor, and minimal labor or environmental regulations or lack thereof.
@@Shackleford_Rusty Not cheap... Ordinary workers maybe "cheap" but as long not so cheap as in before, lets say a decade or two ago. Good white color workers costs a lot here. And the social insurance for all employees is mandatory. And they check this. Violate this rule and you will end up into significant trouble, guaranteed. Just calculated it in $. 260$ social insurance every month here in Guangzhou. Good office employee bachelor degree from 8000 Yuan, master degree not under 12.000 Yuan, programmers between 30 and 50K every month. And the sales stuff wants comission. No comission, no sales stuff! Welcome into the reality. And dont forget. Everything costs only the half here. Calculate this it into US$...! And for restaurants, bars... There is no tip. So you can not let them work for an apple an hour, no chance. We become better and better here. Many cheap products already moved out to Vietnam, Bangladesh, India, parts of Africa.
While both companies have received substantial government support, the scale and directness of China’s support for BYD have been more extensive and sustained compared to the U.S. government’s support for Tesla. For instance, Biden held an EV conference in 2021 and did not invite Tesla it's most successful EV manufacturer. The insertion of politics wasn't necessary. Imagine not inviting the world's most valuable automaker by market capitalization at the time. To compare the astronomical support the Chinese government gives its manufacturers to what is obtainable in the USA is just ridiculous.
@@SBZ-codecnaah bruh U.S gives more money than China ever could since its global currency plus most of U.S subsidies goes to shareholders, CEOs and executives while China state owned or privately owned companies dont have that problem. All U.S companies must keep sharegolders happy and profits big otherwise bye bye. Why do you think Huawei despite heavy sanctions made comeback because it isnt dependent on shareholders. Do some research and ylu will see most of western countries subaidies dont go to development, research, efficiency etc to bring cost down
@@ZgO_o you said a whole lot without providing any evidence of your assumptions. By the way, what does global currency (as you put it) have to do with anything? Also you mentioned Research & Development in the end. What does R&D have to do with government subsidies for local manufacturers? Do you know that the US (companies) spend the most on R&D? The Chinese products are not cheaper because they produce significantly cheaper than their competitors, rather Chinese products are cheaper due to massive government subsidies that most other govts like that of the USA do not offer. That is not to say that the US doesn't support their local brands. The Chinese govt must be commended for ensuring the success and survival of its indigenous brands through generous funding. Joe Biden holding an EV conference and not inviting the world leader in EVs in 2021 (Tesla) is a testament to the misplaced priority of the US govt.
As a BYD Tang EV 2023 owner, I'm quite satisfied with the build quality as well as tech specs. Before BYD, I've owned many BMW models including 3er, 5er, 7er and X5. BYD Tang is on par to say the minimum. Yes there are options I'd like to have but can't, like door closers and a physical button for steering wheel heater, but overall, it's surely a bang for the buck. And OMG it's quick. Tesla wasn't even on my radar when I was choosing an EV.
I like how a lot of the story involves sneering at China propping up BYD to help the company make their vehicles cheaper as if the US government hasn't drastically subsided Tesla's entire R&D process. Only Tesla uses the savings generated by the government subsidies to increase the profits for shareholders versus using the lower production costs to make the price cheaper for consumers 🤭
the import of Chinese vehicles has been in rapid decline -- in June it was down by 20+% and in July another 5+% with the top sellers such as Tesla (China) and MG leading the decline with -30/-20% growth YoY.
Just gonna say that those aren't mutually exclusive. You can offer a lot of bells and whistles - both physically and via software features - but still feel cheap in the overall fit and finish of the vehicle or the software package.
@@The_Noblest_Roman just want to say they don’t feel cheap and what she said is Chinese EV are only advantaged because they are “cheap” as in inexpensive. BTW… what feels cheap are American cars if you want to start talking about feeling cheap.
@@The_Noblest_Roman Every car makers offer standard and luxury editions. If you want to cast negative light on a car maker you test drive its cheapest model and comparing it with other competitors most expensive model while don’t make that distinction in presenting. From her facial expression she comes across going into test drive with prejudice that Chinese products are cheap and low quality.
When you realize that Americans subsidized more money to American car companies like GM, but only got a bunch of crappy photos in return, you will understand why Americans are so angry about Chinese electric cars.
CNBC, you won't tell us about the humongous amount of funding and subsidies that the US gov dumps on its EV, battery and high tech industry right? Right?
So, so, so true. What the US subsedize its big firms (Boeing anyone?) that's OK but when other countries do the same, the US blame them for unfair competition.
GM was given $2.3 billion incentive to build a factory North of Detroit in 2009, Tesla was given $1.3 billion for a Battery plant in Nevada in 2014, this information is sourced from Reuters.
Shhh.......Again you are saying the quiet part outload.....next thing you know you will be letting slip about the large tax breaks and subsidies paid to Boeing.........
@@jklee5419*🤭 CNBC, the only reason Tesla Model Y is the most selling model in the world is because American and Europe (race based policy?) have banned Chinese car and China has never banned American cars. In fact if you buy Tesla Model Y in China you get exactly the same subsidized subsidy as a regular Chinese cars - Google it that is how fair Chinese government is*
They weren't "GIVEN" that money as if they were given cash from the government. Most of it is in the form of state and local tax breaks. They would pay 0 taxes on revenue and business tax for 20 years to build a factory there. The state also will dish out money to build infrastructure such as roads, bridges and highways around the factory as well as housing projects to build neighborhoods around the area. Look at it another way, if Tesla builds that factory somewhere else, they would get 0 taxes from Tesla anyways, so the tax breaks don't mean much. Instead they bring in lots of employees, keep their locals employed, and kickstart the local economy. The amount of money they actually gave to GM and Tesla towards building a factory is nowhere near the numbers stated.
No journalistic integrity whatsoever. If these EVs are so bad, why block them from coming into the usa? Let them in and let the consumers decide with their money.
Wumao. Because they’re crap and break down and fall apart. How about the fact that Chinese automakers get a government subsidy to manufacture so many cars to artificially inflate the amount of cars China is producing, how about the ev graveyards all over chine full of these Chinese electric vehicles. Either your falling for Chinese propaganda or your a Wumao.
It’s not BYD and Chinese EV makers versus Tesla. It’s electric vehicles versus ICE vehicles. This is fundamental and should be understood by the mainstream media and it probably is.
Why are they testing a 4 year old NIO model. The swap station is 1st gen swap station. If they showed 4th gen swap station it’s a no brainier to be superior technology to all the other brands including Tesla. Swap is done around 3 minutes. Not to mention car can go and swap unattended. By itself !!!!
It has been like this for a long time already. We cannot buy those nice looking and relatively inexpensive European RV in the US and have to put up with the American junk. 😅😅😅😅
Competition drives down electric cars. You can only make them work with mandates in the US, and if they really went after mandates, I suspect the black rifles would start to come out. Anyone who's looked into the grid and power generation and price and complete lack of utility of electric cars in a giant sometimes cold country knows you can't make people drive them without making people very very very angry. And that is why it's good we have the black rifles. Those black rifles are protecting freedoms around the world in an oblique manner.
For some reason CNBC decided to choose a 6 year old Gen 1 NIO model and battery swap station. It’s so biased, it’s ridiculous! 🤦🏻 Guess what, technology has actually progressed a lot for six years! NIO’s cars are now in their third platform generation and the battery swap stations - in their fourth. CNBC, you’re making fun of yourselves! You should invite your viewers to stay tuned for your latest smartphone review in October when you’ll compare the Google Pixel 6 to iPhone 16 and bash on Google that they’re dragging behind Apple! 🤡
I think 2025 will be EXPLOSIVE for NIO stock! What an amazing year 2024 has been for NIO! - 600,000 NIOs sold in October - four months after delivering its 500,000th vehicle. - Building out 4th generation Swap stations and charging stations (ca. 30% increase year on year) - New models (ONVO and Firefly) and upgraded NIO models - New partnerships and alliances - Market awareness and education of the importance of BaaS - New chips and SkyOS - Factory Hungary - Entering UAE - Patents What did I miss?
Yes. Outside of experimental test tracks I don't think there is a single battery swap station in the USA. We have a native industry hiding behind tariffs and petroleum companies who do not want to change to today's reality, and as a result the options that we have are so far behind.
Chinese EVs can stay outside USA. USA don't have the infrastructure anyways to support EVs. They can't even fix their subways and bridges, forget a nationwide Electric power chargers.
These Chinese EV makers would absolutely dominate the U.S. market if they had free access. They were invited to Thailand by the government a couple of years ago (no tariffs) and now 2 years later the Thai market is flooded with drastic price reductions on EVs (great for consumers). Legacy automakers in Thailand (mostly Japanese) are already cutting their production or pulling out altogether (Subaru). There is a definite need in the U.S. for lower priced vehicles, let them in!
Whenever CNBC reports on cars, they ALWAYS focus on EV subsidies. CNBC never comments on the massive oil industry subsidies or on the massive tax breaks businesses get for 6,000 lbs SUVs and trucks.
The subsidies are to get production going at home to satisfy demands currently filled by imports, not to suppress competition for exports like China is strategizing.
@@doujinflip every major industrial nation has subsidized their powerhouse industries „to get production“ or „to suppress competition for exports“. I think it’s difficult to draw the line.
The person who did the testing for NIO has not done her homework.Firstly she tested a 4 year old NIO car secondly how does she get 10 minutes for a battery swap maybe she used a old battery swap station most swaps take about 5 minutes and lastly is is obvious that she is a Tesla fan
@@JPs-q1oI guess if she just won't talk to talk about *Tesla panel gap and other quality and Design issues* - I mean there are thousands all you have to do is Google it *🤭 CNBC, the only reason Tesla Model Y is the most selling model in the world is because American and Europe (race based policy?) have banned Chinese car and China has never banned American cars. In fact if you buy Tesla Model Y in China you get exactly the same subsidized subsidy as a regular Chinese cars - Google it that is how fair Chinese government is*
@@JPs-q1oit’s a “fair report” for American audience, e.g., government heavily subsidy, kinks, auto parking not working, bad quality, not useful features……….concluded with doubt and question.
Question is: How much did Tesla get subsidized by the Chinese govt and American govt? Tesla did get tax break to build the Giga factory and received EV rebate just like the Chinese automakers.
China subsidizes Tesla by $500 million. This does not include the exemption of car purchase tax (10% of the car price), $4 billion interest-free loan, land concessions...
*🤭 CNBC, the only reason Tesla Model Y is the most selling model in the world is because American and Europe (r@ce based policy?) have banned Chinese car and China has never banned American cars. In fact if you buy Tesla Model Y in China you get exactly the same subsidized subsidy as a regular Chinese cars - Google it that is how fair Chinese government is* I guess if she just won't talk to talk about *Tesla panel gap and other quality and Design issues* - I mean there are thousands all you have to do is Google it *... while you are at it Google "coin balance on a 375 kilometers per hour bullet train" 🤭 That was a trend in China a couple years ago*
dude, China banks did provide huge loans to Tesla Shanghai, only this. and Tesla paid back it already. That is a simple business action. not a fixcking subsidizes. They were both win-win.
Glaring omission - evaluation and discussion on safety standards. CNBC can do better. How about a joint report with Consumer Reports on the safety performance of these low-cost e-vehicles?
You can see the hypocrisy of Americans when it comes to green energy. They tariff cheap EV cars that everyone can afford that would move the needle towards green energy. But they don’t want to.
We don't want electrics because they don't work in America. If you're packed into a Chinese city, maybe they work, maybe after the government mandates all kinds of charging stations. That's not the case here, and never will it be. This is a huge country, lots of it rural, and a fair amount cold most of the year. That's not a country that can be mostly electric. Also we drive a lot of trucks for work since we have a lot of small business. Plus artificial intelligence will be completing for the power. Hopefully we'll start building a lot of nuke plants soon. That will be good but the grid will still not be able to handle even 20% electrics. It's not even possible to build enough chargers to handle folks who don't own their own houses with the charging Pole. The US is just too damn big. Plus with a sensible president we have all the cheap gas we could ever need for centuries and centuries. Notice that Biden wanted gas to go up to around 8 bucks a gallon. Notice the absolute revolt when it hit four. Notice that Trump is still likely to win, and a lot of that is on the back of gas prices. It is not conceivable that the US will switch over from ice engines. The underlying tech would have to at least double invefficiency. Toyota is making the smart play with hybrids. Everyone is starting to follow.
@@theminister1154 Huawei builds some amazing electric vehicles .... nothing that the US or Europe has build so far can come close to Huawei. Why can't companies such as Apple, IBM, Microsoft build an electric vehicle? Because they don't know how. Apple tried but it failed miserably.
I have family in China, and one of them bought a Lync&Co 08, it’s an upgraded Plugin hybrid, the battery has a range of about 150 miles(he uses it as an EV), and with a full tank, you can go for over 700 miles easily It has heated and ventilated front seats, and all seats have massage functions, you pretty much find everything in that suv, and he roughly paid $30,000 USD I was blown away. No wonder other car makers don’t want Chinese manufacturers to enter the market here
There needs to be an even playing field. When the Chinese government is subsidizing the price to design and build these cars in order to flood the market with inexpensive vehicles to subdue the competition, there is no even playing field. Thus the US, Europe and eventually (sigh) Canada have high tariffs on Chinese car imports.
are you sure you guys filmed this in 2024, the cars in your vid are old models from at least 2-3 years ago. the v1.0 power swap station you visited are long replaced by 4.0 stations. this is some bad journalism
When it comes to the NIO review... the reporter used a Gen1 NIO no longer in production and a Gen1 battery swap station. The experience will not be the same with a current model/Gen3 swap station. Its like comparing an Iphone 12 vs Samsung Ultra 24 or Pixel 9 Pro XL It makes no sense to review an older model. Kinda drop the ball there for a Senior reporter.
@@Humble_Balaclava Boeing's fraud is insane. China's Baoji Titanium Industry Co., Ltd. has clearly stated that they have never engaged in any direct or indirect business dealings with the Boeing supplier involved, and the relevant material certificates are all forged.
@@Humble_Balaclava Boeing's fraud is insane. China's Baoji Titanium Industry Co., Ltd. has clearly stated that they have never engaged in any direct or indirect business dealings with the Boeing supplier involved, and the relevant material certificates are all forged.
Why did you guys use a gen1 Nio for the test? These are not even for sale anymore for over a year right now. New models are way nicer. Also changing battery at a Gen1 swap station while there are Gen4 swap stations available 😂
guys, don't get upset. Her boss is an American. She is a Chinese. She has to please her boss who pay her every week or month. If we live in a cover up world. The only power we have is high tariffs. If we don't wake up and compete head on. We will be left behind. SAD!!!!!
Battery swaps were started by an Israeli company, and were later implemented by Musk's rabid Chinese followers after Musk spoke about the swap idea in 2013.
The fastest electric car in China can now be charged to 90% in 12 minutes, with a range of more than 500 km. This is just the beginning. In a few years, the battery should be fully charged in ten minutes.
@@henrylopez3479 Is it possible that almost all electric vehicle batteries are now monopolized by China? When you have time, you can search for China's electric vehicle battery market share!
Japan manufactures its cars in the countries they sell them in, including the United States, and United Kingdom. So American companies are unproductive and inefficient, because the conditions are the same.
Don't forget Korea... anyone with half a brain knows companies like LG/Samsung were all propped up by their government and allowed to monopolize to become major exports.
@@stephenbachmann1171 They are inefficient because they give their workers a living wage. Meanwhile in China people who make these cars walk 4 miles home to their mud hut villiage every day and eat wild caught animals to save money.
I have owned an MG HS Essence X for three years and 58,000 kilometres. 7 years unlimited kilometres warranty. Not one issue. Owned a lot of cars and this is the best.
I’ve been in China for the past 18 months. The local Chinese brands are running rings around the western and Japanese cars. It’s such a shocker. Avatr and Aito especially are levels of technology above Tesla, VW etc. I find it’s a good thing. It’s about time the western vehicle companies get some real competition and not stock buybacks. A huge advantage the Chinese has over the Americans is their world beating supply chain, automation technology and local engineering talent. The local EVs are also better quality, similar to how we think German engineering is ( although German cars are notorious for expensive parts and low durability ). Without tariffs, the western car company’s will go kaput. Good riddance.
I see vehicle by GM in China from videos and GM offers a better version of any vehicle they sell here in the US. They have to upgrade their standards to compete with the Chinese hugh quality cars. While they give us the crappier version here in the US. Lol
@@trevoncampbell2744 because she did not dare to show you better Chinese EV. All she quoted had already been low class. 😂 Do your own research if you are interested in the truth. Otherwise,you can always stay in your comfortable zone.
Where in China or which Chinese company did you work for and didn't get paid? Open your eyes and mind, and you'll see 'Huawei'.....is the future in every industry in the next century. 'Huawei' translates beautiful China, I mean the word not the Company.
I look at the NIO segment & see a gen 1 vehicle, all gen 2's, 8 of them are from 2023. Also the swapping station used was also a gen 1 station from 4 years ago.. Gen 4 stations are far more advanced, holds more batteries, & a swap is around 3 minutes not 10 minutes.. Not very accurate review of NIO at all, would say that it's a very misleading review..
Cnbc ... tell your reporters to research more... Chinese ev are best in performance..the model she rode can do 0-60 in less than 5 seconds...and it's a 4 year old car
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I've lived long enough to remember those days when Toyota and Honda were seen as a threat to America.
In a way they still are because Japan and germany combined have more than half the American automobile market.
Yeah but the Japanese have a penchant for quality, the Chinese...? CHA BU DUO
We banned Huawei phones due to CCP spyware.
The Chinese Communist Party has direct access to TikTok data: EVs will be the same.
That was Japan and this is China, two diffrent countries, nations , cultures and mentalities.
You completely miss the point. They moved their factories to USA. No longer a “threat”. BYD should be invited to do the same.
CNBC did Nio dirty, showing a 4 year old Nio and a gen 1 battery swap station 😂😂😂😂. Nio is on gen 4. Cant handle Chinese competition so misdirect people
maybe that is from carhire company LOL
Older gen NIO, first gen swap station. Of course it's not going to be as good or fast as the current gen stuff. 🤦🏻♂️
The quality of Chinese cars is poor, but more important than that is that your information and that of your family can be transferred to China and put you at risk.
@@jihooncha-vs4om so china has my data or us. Which one is worse?
@@jihooncha-vs4omshow your proof.
I remember when people said “Americans won’t buy Japanese”😂
they brought japanese cars after the war was over. but war with china has not started yet
Japanese cars dont explode for no reason and use slave labor to produce their vehicles. Unlike the CCP and BYD! Heard of the Wygurs?
thats beccause people like you think Chinese, Japanese, and Koreans are all the same. The less educated you are, the more you would think they would you do.
The difference is China isn't an US colony
Crazy, that’s all I buy! I refuse to buy an American car.
Between 2009 and 2023 GM alone has got $221Bilion USD of TAXMONEY from the US, UK, EU and AUSTRALIAN Governments in the same time
....probably paid themselves bonuses instead
It's called incentives for the West; while it's called subsidies for China.
Tesla as well
Pure greed is what drives them
Source?
That NIO is 4 years old, swap station is 1st gen. Why did you deliberately pick an old product. This is misleading. Imagine comparing Apple to Samsung with an iPhone 8. That's what you've done and don't think people will not realize it. CNBC , dishonest as always.
Because it is American CNBC. They don't want people to buy Chinese EVs
The quality of Chinese cars is poor, but more important than that is that your information and that of your family can be transferred to China and put you at risk.
@@jihooncha-vs4om source ? Proof ????
To be fair Apple's latest iphone vs Samsungs latest galaxy, is still years behind 😂
They picked what was available on the market.
If Chinese cars cannot succeed overseas against U.S. legacy automakers, then why are we imposing tariffs on them?
yeah sell to anyone in the world except amercan. american deserve to pay the expensive + normal quality, but other can pay for cheap good quality car.
Go to school.
I believe I heard thw answer to your question in the video. The USG set the tariffs preemptively. The tariffs will force the Chinese to compete with similar prices seen in American EVs. The belief is that not taking this action could impact employment for the American worker, and hurt American businesses.
Thats the crap that always makes me mad at corporate America.... They complain about government interference.... Then demand terrif so they can compete. Such a double standard.
Because they are thieving tech cheaters subsidied by their nasty regime.
As someone who works in automotive out in Michigan, I’ll say that China’s growth in EVs has been anticipated for a long while now. There’s not a single global supplier that doesn’t have Chinese auto as a massive revenue growth projection going into the late 2020s and beyond. We’ve been kinda living in a bubble over here in the states while BYD, SAIC, Geely, Great Wall, Nio, and a bunch of other companies that Americans haven’t even heard of have been slowly penetrating market share through the rest of the world. Benchmarking companies like Caresoft and A2MAC are barely getting their hands on recent model year Chinese EVs for teardown, and there is nothing to laugh about on these products. The US and EU wouldn’t be threatening massive tariffs on Chinese EVs if they weren’t afraid of a threat.
This is one of the truest statements I've seen posted about this subject. This from someone who retired from a company that were supplying the automotive industry.
The us considers chinese garlic a national security threat too. google it. no joke.
Thanks for the honestly, others are still living in a bubble.
@holycrapitsjake excellent point. Do you think the Chinese EV makers have to consolidate (losers get bought out or go bankrupt) before they become a more formidable threat?
@@agordon333 That's a natural evolution to any industry. They are consolidating now massively. Many are going under.
I live in Brazil and I don't remember the last time i saw a tesla. On the other hand, I see at least 10-15 BYD every day. I live in Florianópolis
If Brazilians could afford Teslas' tagprices, you'd see plenty of them and hardly any BYD.
@@docdave1994 They can afford a Tesla, but they won't because the car is not available as wide as BYD's cars are.
I've never seen a Tesla in Brazil, though I imagine there are some imported ones in São Paulo. It makes no sense to own a car here that you can't repair because the manufacturer has no official presence. So it's natural that there are practically none of them to be found. Even if Tesla did sell vehicles here, the cheapest one would go for AT LEAST 400k BRL, so it would be a luxury car in practice.
@@son_guhun It's a luxury like a Ferrari or a McLaren. We can't fool ourselves anywhhhere in the world: if you have the money, you but it! And if we think about it the same goes with BMW's top trim or Mercedes car in Brazil. As you may know, the brazilian market is not like the american market. Every decent car is ver expensive, that's why we buy the cheap ones, but if you have the cash... There's no limit, so buying a car from Tesla, Ferrari, Porsche, McLaren and so on
That’s right! If the Chinese enterprises are not doing well, blame the Chinese government for dictatorship…but if the Chinese enterprises are doing too well, blame the Chinese government for too much support. 🎉
Modify it slightly：
If the Chinese enterprises are doing bad , blame the Chinese government for dictatorship.
If the Chinese enterprises are doing good, blame the Chinese government for dictatorship yet.
We hear the same nonsense in Australian media which is dominated by Murdoch propaganda dribble.
Free to Tibet, they are not even Han Chinese, they have a totally different culture.
Free Xinjiang, same as above
Free Taiwan, they have diverged sufficiently that it's no longer a part of China. It's akin UK trying to reclaim Canada or Australia.
China is an evil country.
hahaha exactly! Our government gave the EV industry far more support cash then China has. The difference? Our tax dollars went to massive stock buybacks, shareholder payouts, and Elon Musk's 60 billion dollar bonus.
It’s unfair communist state subsidy not just support. Subsidy is often the trigger point for trade war.
Even something positive is reported in a negative way
That's just Western marketing stunts..
In reality, some Chinese products are actually really good..
Hah! Obviously CNBC won't show one erupting into flames during their well paid promo here...
How is this being reported negatively??
@@MattTee1975 Because it included 'downsides', and for some people, it's not acceptable to report on a situation fairly and cover both good and bad, only reporting good is acceptable.
@MattTee1975 who buys a car or sits in a car and looks at the seat to see if it's evenly installed?
Looks like this lady used Nio first gen swap station. 3rd and 4th gen swap stations takes just 3-4 minutes. Stop misguiding people.
They’re trying to discredit the Chinese ev’s mayors for some but there’s no such thing as bad publicity. People will actually start looking into them more
Also she drives the oldest model of the NIO ES8 from 2018
@@angelozhangSshe’s driving a NIO EC6 from 2018 and Gen 1 swap station. Bump this post entirely, CNBC is false advertising and in a sense deliberately putting down competition.
@@tm4s426-She probably did not know. She told the car to find a battery swap and it went to this one since it was probably open (because it is a slower/older one). -For USA 10min to charge or swap a battery is very fast.
@@jonmccormick8683 well, if that’s the case why use a 2018 car when it’s not 2018 and review the tech and say the tech isn’t great.
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Ridiculous. She used the oldest nio model and swap station. This woman clearly had an agenda to bash the Chinese EVs and praise Tesla. This wasn’t a fair comparison
Tell me you are a bad journalist without telling me you are a bad journalist.
@@coldfusiontrashcompactor5643 Said a dead brain army. LOL. You look so stupid bro.
@@coldfusiontrashcompactor5643 what did you say about your mom again?
Thats good to know, well CNBCC is notorious for bias context.
She is so bias for those already established themselves.
😂 it's fun to see how US reports China becomes similar to how North Korea reports US. Everything can be framed in a negative narrative.
Well yea I would assume that's how you treat an enemy😂😂
I think in the US it's called regime propaganda😂 the irony. Now try to say something about Israel
It's so funny how Chinese simps are unable to cope with even the most mild critique of Chinese products. It's seriously embarrassing.
@@naeso9994
They are not. They are competitors. US is just upset that they are no longer the only game in town.
this one seems quite neutral
Germany exports more than 80% of all cars it built yearly, and there's no overcapacity heard. China export less than 20% of the cars it built, and what do you hear?
Western world always unfair and bias
Germany's exports are not subsidized by the gov't. China's auto makret is about 10 times larger than Germany's.
Typical fearmongering by mainstream medias
Disingenuous to focus on Germany alone when the entity claiming China is dumping and adding tariffs is the entire EU. What percentage is the EU exporting ? BYD is smart - they are building the Turkish factory to secure EU business.
@@dannyhang7482 does germany subsidize their auto industry? because that's the real debate here, if chinese government doesn't underwrite their EV industry, they can't offer the cheap prices. enjoy the tariffs.
The problem is not Chinese vehicles....it's America not wanting to reduce prices
Unless they go private American companies can’t innovate because of the stock market. If they reduce their prices and profits tank the stock drops . How will board members eat. ?
Honestly car prices have gotten outrageously unaffordable where you can’t even pay cash for a decent used car. It’d be nice to see fresh competition drive down prices
Not with that 100% tariff you won't. Americans will just have to keep paying higher and higher prices for cars I guess.
@@tren133 US government don't care if their citizens able to buy affordable and cheap car, they just care about their own pocket money : )
All these cars are luxury cars for the upper classes
absolutely.... since introduction of Chinese EV here @ AU, Tesla prices just keep going down...
take a look at australia. without trade protection, imported chinese cars are driving down car prices in the country
Fun Fact: Tesla also uses BYD batteries
they use CATL too actually, but only for china and Europe market, Tesla use their inhouse battery in the U.S.
@@nguyenhanh9479*CNBC cherry picking some short range version of Chinese car models that have lesser range than the LONG range version of model Y* as if "American batteries" (if the term still exist) still on top but in fact SINCE DAY ONE, Tesla has been using Panasonic batteries as a startup Tesla has a zero battery technology, in contrast Panasonic has been researching battery technology for 30 years, as it does with its production line with help of Toyota (still it's quality has nowhere near Toyota yet the panel Gaps are as big as somebody's thumb), Right now it tends to use Chinese battery maker also the largest in the world CATL. There are some models in China with batteries in China already has a range of exceeding 800 Mile, solid state and Ultra fast charging.
I guess if she just won't talk to talk about *Tesla panel gap and other quality and Design issues* - I mean there are thousands all you have to do is Google it
*... while you are at it Google "coin balance on a 375 kilometers per hour bullet train" 🤭 That was a trend in China a couple years ago*
*🤭 CNBC, the only reason Tesla Model Y is the most selling model in the world is because American and Europe (r@ce based policy?) have banned Chinese car and China has never banned American cars. In fact if you buy Tesla Model Y in China you get exactly the same subsidized subsidy as a regular Chinese cars - Google it that is how fair Chinese government is*
Yeah but its wrapped up in a really bad car
Not true. Stop sharing false information. Fun fact: you are a liar.
@@nguyenhanh9479Canada too. Most teslas sold in Canada are made in China.
Remember in the 80's and 90's, US politicians and automakers were trashing Japanese cars? My late 90s Nissan still looks and runs like a brand new car. Teehee... 😂
That was Japan and this is China, two different countries, nations , cultures and mentalities, the junk making culture won't change that soon.
Yea are you a bot? It's CHINA who is an enemy 😂😂
@@JigilJigil Rubbish. Japanese brand and manufacturing had gone downhill since the late 80s when they started to use their new found wealth to invest in Real Estate worldwide and media. In the 70/80s yes, not anymore after that.
@@JigilJigil >junk making culture<
i hope you realize where all your smartphones and computers come from. it clearly already has the equipment and skilled labor force to produce high quality goods, and now china is developing its own intellectual properties so that it's not so reliant on american brands to drive economic growth
@@IA100KPDT so the chinese are already going downhill?
Wow, as a chinese i am shocked to read the positive comments here. I am speechless because i know how americans view china, its givernment and the people. But surprised in a good way that there are some people here who arent biased!👏
Don’t worry, people are starting to wake up and realise the governments and leaders aren’t really looking out for anyone but themselves
Japanese Automakers: We'll give the consumers what they want. Chinese Automakers: We'll give the consumers what they want and cheap. American and German Automakers: We'll give the consumers what they want... at a premium or subscription-based model.
Companies like BMW, Mercedes, etc at least exist to make expensive high end cars. American automakers make cheap garbage priced like high end cars
Sounds right. My Bronco’s infotainment system loves crashing 1 hour into a commute. Paid 50k for that thing.
@@shiftymcgee9359lol, sure you didn't. If you're even American, a person who spams negative comments about the US and its cars didn't buy a Bronco.
@@chickenfishhybrid44 there’s a difference between negative criticism and constructive criticism. I’m sorry you can’t differentiate between the two.
No. Japanese, German & US auto makers are not giving what the customers want (EVs). Typical inefficiency associated with large companies killing them. Toyota spent billions in Solid State battery & just realized that's just gone down the drain. Same story is true for others. So it's time for agile & nimble Chinese auto-makers to dominate.
As a consumer we can only hope for this war to be quickly over.
CNBC, shame on you nd your reporter with a hack job video. She is showing Chinese EVs like the NIO that is over 4 years old instead of their newest version. Along with NIO first generation swap station rolloed out over 5 years ago. Instead of the new Battery swap stations that re fully automatees and complete swaps in about 3-minutes. Along with first generation cars auto parking that is not an issue for today customer. It is clear that you did not ask the EV makers for a demo car so I have to believe this was intentional and in very bad taste. American car buyers deserve an updated truthful vedio revision. Thanks.
When will I see NIO at $50 again< I’m holding heavy bag
LOL< you trusted the news to this level.
@@weifeile same here, very sad.😪
What do you expect from Whites? They are masters in propaganda.
brother this is west propaganda calm down they hate chinese people
Nio investor and enthusiast here to set some things straight about this dishonest video.
At 7:39 they are showing the first generation EC6 model, which is a car from 4 years ago. We are already at generation three. On top of that she showed a swapping station that is from the first generation. In the whole of Beijing there are only around 14 generation one swapping stations. All the other ones (around 100 swapping stations) are generation 2 and 3. The swapping station she uses only holds up to 4 batteries, while the majority of all the other swapping station hold 11 or more batteries. The fourth generation even holds more than 20 batteries! Also, she states that swapping the battery took around 10 minutes at 8:09. The majority of the swapping stations can swap the battery under 3-4 minutes. The fourth generation is able to do it under 3 minutes!
This women took literally the first and oldest version of the car and the first and oldest battery swapping station in order to compare to Tesla. This is manipulation at its finest. Some statistics: in the whole month of July the average amount of swaps on a daily basis reached 60,000 plus! The latest generation of swapping stations can swap 480 batteries within 24 hours. Nio has recently passed the total of 50 million battery swaps. The swaps are now going at a rate of more than 2 million swaps on a monthly basis. Let that sink in for a minute.
Total BS this video. This woman is a Tesla fan and compares apples to oranges. Chinese EV makers are outmatching the Western car companies at an accelerated rate and Elon literally said this himself in a phone call to a journalist.
Manipulation of the highest Order!
💯
I hope CNBC realizes a lot of people caught this and will be called out very soon.
@@tm4s426Don't hold your breath. CNBC is shameless about it.
CNBC fake News factory
yes This is manipulation at its finest.
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Using a nio that is 4 years old, seems they are scared to use a brand new nio
😂😂😂
showing a brand new NIO may make it an powerful ad video rather than a report🤣
why in NIO part, you drive that car into GEN 1, the oldest battery swap station to do comparison, CNBC ..really Evil
Yes and she says Nio claims 3 minutes, just to make Nio look bad😂
While driving in first gen
What are they afraid of😂😅
@@boyiyelcham2630 maybe they just want to tell their POV about CHINA EV IS NOT THAT GOOD, but this is what they are trying to spread
About 16 years ago she filed a report for CNN or CNBC she said Chinese high speed train is too expensive for Chinese consumers and had no future. 😂
Eunice Yoon only made negative news about China only. If she can not find any negative news, it very quite, not sure she still working or not.
16yrs ago? 😆
@@MyMovie5858 the moment when CNN still think US will win competition in building high speed train against China
It is still the case High speed trains are still losing a lot of money in China.
@@johnl.7754 You cant just make money from building public transport
Maybe Americans just want affordable cars.
Maybe you shouldn't need a 30 mortgage to finance a truck that's priced like a house.
Speaking of Chinese government's EV subsidies, Tesla received the same subsidy as other Chinese manufacturers, and they built a gigafactory in Shanghai, doesn't suprise me that Rivian, Lucid, and Fisker couldn't dethrone Tesla in terms of sales.
说到补贴，国内和国外品牌政府给予到同样待遇，什么叫公平？这TM的才公平！
Rivian Lucid and Rivian are not the same as Tesla at all.
@@markthomas7279 guess you are right, because I saw Tesla after Tesla after Tesla in Beijing, and I asked myself, where are the Rivians? Where are the Airs? Why nobody imports them for a high markup like what they did to the Land Cruisers?
Normal "US citizens" have known that 100% of electric cars will be manufactured in China for over 10 years. How foolish CNBC is to think we haven't already know this for over a DECADE. They must be numskulls over there, lol....
Govt don't have proper direct subsidy on Tesla but China spent $230 billion for its EV
And the US subsidizes North-American automobile companies and nobody says anything 😂
Murican exceptionalism
American way of bully !
Yup. We have these artificial supports built in that pad American carmakers' profits. We pay ridiculous prices for terrible cars that nobody really wants.
And china subsidizes all car makers in china ,include Tesla.
Conservatives usually don't support state intervention. It's mostly leftists.
Using a NIO EV car 4 years-old to do a battery swap today to show in a report , is misleading. Horrible.
Today , NIO battery swap is under 4 minutes.
guess when Model Y was last updated?
The quality of Chinese cars is poor, but more important than that is that your information and that of your family can be transferred to China and put you at risk.
@@jihooncha-vs4om source ??? Proof ???
@@ZakiHaider-y9othat’s all English words that he knows
@@jihooncha-vs4om mom is already at risk, indian scammers keep calling her, because of leak from western companies that didn't care about cybersecurity either. practically all big companies have leaked at some point that keep records of us that we registered. and i live in northern europe, finland, nobody here has registered to any chinese service. european union will never allow cheap chinese cars to disrupt our car market, french german etc. automakers and their unions are too powerful, would make them unemployed.
Love the BYD Design, super clean, balanced, modern, dynamic, streamlined and simple. And most of all, Affordable Anywhere in the World!
If American cars are better, just make a better product and we will buy it. If not, don't take away our choice for a better and cleaner life.
Good point! Should let the free enterprise market 101 do the talking. Let’s the Chinese EV car compete with Tesla.
American cars aren’t better.
@@glennO-e9r They once were better and superior. Thanks for those "professional" managing teams, American brands are ruined. What can we say?
@@COX2NSAID there are many problems with legacy automakers.
like the CEO salary is 400 times their average worker.
Huawei builds some amazing electric vehicles .... nothing that the US or Europe has build so far can come close to Huawei. Why can't companies such as Apple, IBM, Microsoft build an electric vehicle? Because they don't know how. Apple tried but it failed miserably.
If the Chinese EVs aren't as good as Americans expect, why fret over Chinese EV exports? Why impose tariffs? If the cars do not suit American taste, then they won't sell. Period. End of story.
The funny thing is, Tesla's are actually trash. American made cars have a bad reputation around the world for being terribly built.
Correct
They are playing into the American fear that Chinese companies produce low quality products. The reality is that sometimes they make fantastic quality and sometimes they make terrible quality. The American consumer is the perfect market to weed out which is which
because they flood the market with really cheap cars, selling them at a loss to make market share, THATS WHY
Until there are state subsidies there must be extra tarrifs. Otherwise is very stupid
I am a Filipino who just bought BYD Atto 3. And its the best car I had ever driven.
I would like a Seagull but they are not available where I live. I'm jealous haha
I want one
I checked out the BYD Seal while I was on vacation in Hong Kong and it was quite amazing in what it offered especially for the price
Your are a traitor
How much was it in US dollars ?
I’m an American and I want to purchase a BYD car. 😢
yeah, we as customers only wants affordable and good cars
@@ranlychen no, us gov say you no want .
It probably won't work. Now the US tariff has increased to 100%. It's probably not worth it for you.
No No, not cheap labour! They are built by automated robots and technology. Please get facts right.
Ur delusional
Slaves aren't robots... Get your facts right
@@butwhytharumtypical yankee😅
@@roslihalilroslihalil436 bold to think yankee
Agreed . That's why he said robots .
@@butwhytharum
Nio is on battery swap 4.0, and you went to nio station 1.0 😂😂😂😂
Typical CNBC move
CNBC Propaganda news
Back in 2019
What CNBC didn't mention is that Tesla enjoys the same tax cut and other policy favors as those native EV companies. Just check how the Tesla's Maga factory in Shanghai was built almost overnight...
Nah. Tesla got more than the local Chinese business. Like lands with no cost and such. Not to say many Tesla's cars are exported from China that they enjoy tax refund from that.
And Tesla Chinese engineers are so good that 2 years after production started they've made tremendous improvement in both quality & output, and the Shanghai engineers are being sent to Tesla's Fremont factory to train & upskill the engineers there.
Making money is not the same as keeping it there is a reason why investments aren't well taught in schools, the examples you gave are well stationed, the market crisis gave me my first millions, people shy away from hard times, I embrace them.. well at least my advisor does lol.
I agree. There's a lot of potential in the market.
My friend introduced me to a financial advisor in 2023 Professional Chrissy Barymoer and even though I was skeptical, I went on. I finally was making enough monthly dividend to quit my soulless job and pursue my dream to start a restaurant in New Jersey and still earn five figures in monthly dividends.
Hello, I’m 37 and I am not worth much yet , please help me out. Bought my first house last month and I can't seem to make any other smart investment.
I'm an amateur with a portfolio of 3,000$ but it's hard for me to build confidence. I want to invest another 12,000$ over a one month span, but I want to be strategic about doing it so l can grow more and not stay stagnant. Can you recommend me to this your professional please
Search him by His name "Chrissy Barymoer"
On f.a.c.e.b.o.o.k
I live in Brazil, there’s no Tesla dealerships but I see many BYD dealerships.
I see EVs from BYD, GWM every single day. It’s way cheaper and much better then the alternatives. Chineses EV are selling like crazy here.
And ford it’s not even selling cheap cars here anymore. They just left Brazil.
In markets where they play with different rules (no tariffs), we all know who wins. Also Brazil has been getting closer to China thanks to Lula. No surprise.
Brazil actually raised taxes on EVs to protect local factories from GM, Volkswagen and Hyundai.
And there are many teslas here in Brazil imported directly by the consumer. Volvo is also selling many EVs and installing chargers.
So it’s not a matter of getting closer to China since Brazil is raising taxes on imports from China, and we have plenty of EVs from Volvo, BMW and Audi, it’s a matter of Tesla not willing to open a dealership here.
Here in Brazil we are now paying 90% taxes on imports by the consumer above $50 ( including SHEIN, Ali Express and others).
That was added by Lula.
Good Brazil is not infested by people like u
CNBC’s attempt to dispute China’s lead in EVs is a laugh.
LEAD!? What is the best selling EV in China?
they didn't say anything about that or was that in a different video?
@@JonCollier-jr1fx BYD, seen a ton of them in Shenzhen, also some of them are making their way into HK
@@JonCollier-jr1fx byd , tesla .
Huawei builds some amazing electric vehicles .... nothing that the US or Europe has build so far can come close to Huawei. Why can't companies such as Apple, IBM, Microsoft build an electric vehicle? Because they don't know how. Apple tried but it failed miserably.
I don't think these people realise Chinese EV sales, hybrids, and ice are growing globally... People are already buying them in Asia, Latin America, Europe, Australia, Africa...
No, it was growing. Now the EU is kicking them out. Stop pushing CCP Propaganda Schill!
in statistics, yes , but they are nowhere to be seen in large numbers...africa?! they barely keep the grid in place, maybe if they give them for free...latin america?! buying a car at x2 price that of an ICE in poor latin america?! BYD in Europe on the streets like Renault,Volkswagen etc Not even close! Where are these cars from Chinese EV selling statistics?
CNBC is controlled media.
@@strigoiu13 "they are nowhere near to be seen in large numbers" lol, the sky is blue?
Because Chinese companies have only just began exporting cars.
Unlike Tesla....
However, I'm talking about the "Growth rate " of the sales of Chinese EVs abroad... Africa, Latin America, Asian, Australia, Europe.
The growth rate of these sales speak for themselves lol...
@@strigoiu13 and trust me... It's not a "maybe"... I'm South African, I see Chinese cars all the time while going to and from work....
My dad, born and raised outside Washington, DC in Maryland, bought 2 air cooled Subarus in the early 1970's. He then bought a used 1974 Mazda B1600 in 1977. People thought he was weird or crazy at the time. The 1979 oil crisis hit, and it really didn't affect him, while all the gas guzzlers were stuck in hours long lines at the gas station.
I remember when people called Japanese cars "cheap Japanese cr*p". And I remember when Korean cars were called "cheap Korean cr*p". Currently, it's China's turn. But it's evolving. Anyone who thinks TCL and Huawei (just 2 examples) make cr*p are sorely mistaken. Their products a more than the match of Japanese and Korean manufacturers in their price range (and probably far superior to anything American if they even exist).
china had improved their image in some areas for a while, like with huawei. then, taking huawei as an example, the ccp pressuring huawei to start pre-loading surveillance crap into their hardware resulted in a swift ban from the west. i have zero trust they're not gonna do the same with cars, especially when tiktok has also been caught using similar surveillance tech for their own reasons independent of the ccp. (and in china, telling the ccp "no" results in almost certain torture and/or death.)
few in the west expect big chinese companies or the chinese government to operate in anything resembling good faith anymore.
Make TOYOTA Tundra Great Again 😎 Scotty Kilmer
While the real crap has always been american crap cars
@@ghtwghtw7197😂😂😂😂
@@ghtwghtw7197I guess if she just won't talk to talk about *Tesla panel gap and other quality and Design issues* - I mean there are thousands all you have to do is Google it
*... while you are at it Google "coin balance on a 375 kilometers per hour bullet train" 🤭 That was a trend in China a couple years ago*
*🤭 CNBC, the only reason Tesla Model Y is the most selling model in the world is because American and Europe (r@ce based policy?) have banned Chinese car and China has never banned American cars. In fact if you buy Tesla Model Y in China you get exactly the same subsidized subsidy as a regular Chinese cars - Google it that is how fair Chinese government is*
I have driven in Chinese EV’s in China. I was surprised by how good they are. Tesla is expensive and not value for money
Yah, thats why its not #1 vehicle sold in the world.
Also she went to Gen 1 swap station of nio that's why it took 10 minutes, why didn't she try Gen 4 of 3 minutes, CNBC youtube exist and we can check other sources be careful of your credibility
They don't care they have no shame
Because it wouldn’t fit the narrative
They intentionally chose the worst possible outcome in everything for their reporting. This type of media reporting and the reporters themselves earn their livelihood from lies and hatred they sell to the world. They are more than hypocrite, ev!l actually.
And you’re not mentioning the queue time so why bother
@@charlech you can fast charge or swap, you can leave the car and go it will swap and go back to it place, you can upgrade to a new chemistry, you can rent your battery, what do you want more?
I’m a “huge” NIO fan! I’m counting down the days until they hit the U.S. market. I need a car that’s fast, efficient, and keeps me moving-I don’t have time to be stuck charging forever like with Tesla! NIO’s about to change the game babe!!! 🎉🎉🎉
WARNING: Infiltrated by Chinese immigrants and cyber propagandists.
华为可以，因为它有超级充电站，也是全国推广，一秒一公里，，800v高压液冷充电站，所以这也是蔚来没有因为换电优势领先别的车企的原因
Don't fool yourselves. In the end, 90% of us will buy the cheaper car no matter where it comes from. Chinese EVs are not the low quality product you're trying to make them look like.
Tesla is a premium product but most people don't buy premium products. Chinese EVs are competing in the market they are targeting.
@@samuelwilliams7331 Teslas are mostly a gimmick if you live outside of California or anywhere without major charging infrastructure. They are actually very reasonable vehicles if you do very short commutes. They have good power at the cheapest model even decent equipment even very low maintenance cost. Major maintenance items are mostly tires and the occasional fluid change. All for 30+ grand now compare that to a legacy auto maker that can only provide you with half of that for the price. This is what China is doing they are undercutting everyone because they want to see results and not a di_ck measuring competition of who can do it better and who should I support.
Lol Chinese are worst ask chinese
With tariffs those Chinese evs aren’t going to be cheap anymore.
Horses$%t
Bring them to the US. I'll buy one in a heartbeat !
No you won't because usa know they are better quality and more advanced and cheaper so usa government have slapped a 100 percent tariff on them ... ripping off their own citizens and falling behind... I have will own a nio et7 in uk well before you can in usa
When it breaks in 9 months you will be singing a different toon.
th-cam.com/video/kgWttfFOzZk/w-d-xo.html
Kick out Joe Biden. He has done enough stuip decisions
@@frankgriffin6293 BYD are used as taxis all over China. There are now cars with well over 600,000kms with minimal battery degradation and the interiors are still fine.
The broadcast's depiction of a 10-minute battery swap at Nio's first-generation station is misleading. With the fourth-generation battery swap stations now in operation, where the entire process, including parking and exiting, takes only around 4 minutes-2 minutes and 30 seconds for the actual swap-using outdated technology to assess current capabilities gives a false impression. This approach fails to accurately represent the technological advancements and misleads viewers about the current state of Chinese EV technology.
News is for poor people. Normal "US citizens" have known that 100% of electric cars will be manufactured in China for over 10 years. How foolish CNBC is to think we haven't already know this for over a DECADE. They must be numskulls over there, lol.
The reporter also wasn't able to actually describe many of the "uncommon" features in the Chinese EVs. They seemed to NOT have consulted with knowledgeable car people in China, under-estimating the complexity, and creating a feature that is less informative than it could have. My guess is that they couldn't distinguish a 1st gen vs. a 4th gen Nio.
10-minute battery swap was a lie. If you understand Mandarin, the AI clearly told her there was two cars in front of her....She was including the wait time.
@@foodparadise5792 I would take 10 minutes wait time for a fully charged battery than 8 hrs charge time on western EVS .
@@jessicayoung1190 yes, still a huge advantage ,, even at superchargers it takes 45 mins.
It's encouraging that mainstream media is attempting to cover this topic despite many inaccuracies. It's fair to say that Tesla remains one of the most popular car brands in the world. However, placing Tesla in the same conversation with China's high-end EV makers, such as NIO, Zeekr, etc., regarding tech, design, value, business model, and, yes, quality is an enormous ask by any measure. The United States, Canada, Europe, and a few other nations actively engage in protectionism against China's EV makers due to their failure to force big oil and big auto to pivot decades ago. Now, they employ national security and unfair subsidy practices as the prevailing reason for preventing consumer access to safe, quality, and highly economical EVs from China. If the goal is to transition away from fossil fuels and protect the environment, the only logical explanation for the current course of action is the continued facilitation of corporate greed and, sadly, indifference to the disposition of working-class citizens
Cheap labor? China's labor costs are higher than most Asian countries other than the East Asia. You may accuse them having cheap robot labor.
No they have cheap labor.. let’s not get it confused
Can you tell me what China employees get per month?
If you are talking about other countries near them, it is on a relative term. And how many of them make cars besides Japan and Korea? While you are thinking vietnam, Laos, Thailand- but not Singapore, right? 😊
@@Shackleford_Rustycompared to any asian country beside korea and japan sure is higher
Why do you think the West outsource their production to China in the first place? No it's not because of their strict labor laws (they don't have lol) or because Xi looks like Pooh bear. It's because of the cheap ass labor, and minimal labor or environmental regulations or lack thereof.
@@Shackleford_Rusty Not cheap... Ordinary workers maybe "cheap" but as long not so cheap as in before, lets say a decade or two ago. Good white color workers costs a lot here. And the social insurance for all employees is mandatory. And they check this. Violate this rule and you will end up into significant trouble, guaranteed. Just calculated it in $. 260$ social insurance every month here in Guangzhou. Good office employee bachelor degree from 8000 Yuan, master degree not under 12.000 Yuan, programmers between 30 and 50K every month. And the sales stuff wants comission. No comission, no sales stuff! Welcome into the reality. And dont forget. Everything costs only the half here. Calculate this it into US$...! And for restaurants, bars... There is no tip. So you can not let them work for an apple an hour, no chance. We become better and better here. Many cheap products already moved out to Vietnam, Bangladesh, India, parts of Africa.
They are saying Chinese cars are heavily subsidized by the government as if the US government didn't subsidize their EV sales.....😅
While both companies have received substantial government support, the scale and directness of China’s support for BYD have been more extensive and sustained compared to the U.S. government’s support for Tesla.
For instance, Biden held an EV conference in 2021 and did not invite Tesla it's most successful EV manufacturer. The insertion of politics wasn't necessary. Imagine not inviting the world's most valuable automaker by market capitalization at the time.
To compare the astronomical support the Chinese government gives its manufacturers to what is obtainable in the USA is just ridiculous.
@@SBZ-codecnaah bruh U.S gives more money than China ever could since its global currency plus most of U.S subsidies goes to shareholders, CEOs and executives while China state owned or privately owned companies dont have that problem. All U.S companies must keep sharegolders happy and profits big otherwise bye bye.
Why do you think Huawei despite heavy sanctions made comeback because it isnt dependent on shareholders. Do some research and ylu will see most of western countries subaidies dont go to development, research, efficiency etc to bring cost down
@@ZgO_o you said a whole lot without providing any evidence of your assumptions. By the way, what does global currency (as you put it) have to do with anything?
Also you mentioned Research & Development in the end. What does R&D have to do with government subsidies for local manufacturers? Do you know that the US (companies) spend the most on R&D?
The Chinese products are not cheaper because they produce significantly cheaper than their competitors, rather Chinese products are cheaper due to massive government subsidies that most other govts like that of the USA do not offer. That is not to say that the US doesn't support their local brands.
The Chinese govt must be commended for ensuring the success and survival of its indigenous brands through generous funding.
Joe Biden holding an EV conference and not inviting the world leader in EVs in 2021 (Tesla) is a testament to the misplaced priority of the US govt.
@@SBZ-codec USA need to learn from china instead of whining about them.
@@testacalswe have been whining a lot lately
As a BYD Tang EV 2023 owner, I'm quite satisfied with the build quality as well as tech specs. Before BYD, I've owned many BMW models including 3er, 5er, 7er and X5. BYD Tang is on par to say the minimum. Yes there are options I'd like to have but can't, like door closers and a physical button for steering wheel heater, but overall, it's surely a bang for the buck. And OMG it's quick.
Tesla wasn't even on my radar when I was choosing an EV.
I like how a lot of the story involves sneering at China propping up BYD to help the company make their vehicles cheaper as if the US government hasn't drastically subsided Tesla's entire R&D process. Only Tesla uses the savings generated by the government subsidies to increase the profits for shareholders versus using the lower production costs to make the price cheaper for consumers 🤭
Trust me, heaps of people are buying Chinese cars in Australia. Nobody buys American cars here.
Only Chinese are stupid enough to buy American cars. But that market is also shrinking pretty bad the last few years.
the import of Chinese vehicles has been in rapid decline -- in June it was down by 20+% and in July another 5+% with the top sellers such as Tesla (China) and MG leading the decline with -30/-20% growth YoY.
@@tooltalk nope.
@@glennO-e9r vfacts.. you can't hide from facts.
@@tooltalk yeah, we’ve just got JAC, getting Zeekr in another month. Then Xpeng, Nio and Leapmotor… Chinese sales are going to keep increasing.
Wait… one moment that woman say Chinese EVs are just cheap as a differentiator, next minute she says Chinese EVs offer a lot of bells and whistles…
Just gonna say that those aren't mutually exclusive. You can offer a lot of bells and whistles - both physically and via software features - but still feel cheap in the overall fit and finish of the vehicle or the software package.
@@The_Noblest_Roman just want to say they don’t feel cheap and what she said is Chinese EV are only advantaged because they are “cheap” as in inexpensive. BTW… what feels cheap are American cars if you want to start talking about feeling cheap.
a lot of bells and whistles for the price.
@@The_Noblest_Roman Every car makers offer standard and luxury editions. If you want to cast negative light on a car maker you test drive its cheapest model and comparing it with other competitors most expensive model while don’t make that distinction in presenting. From her facial expression she comes across going into test drive with prejudice that Chinese products are cheap and low quality.
When you realize that Americans subsidized more money to American car companies like GM, but only got a bunch of crappy photos in return, you will understand why Americans are so angry about Chinese electric cars.
I‘m angry at the Dems subsidizing EV‘s yet the Big Three are closing their EV plants.
According to a Los Angeles Times investigation, Musk's companies had received an estimated $4.9 billion in government support from 2015 to 2021.
I test-drove a tesla model Y and it rattled on smooth roads.
I thought the US was a free market? Let’s the Chinese EV in. Let’s people pick the best.
USA is not a free market
Like people know what is best 😂😂
@@blanamaxima That comment was paid for by the CCP! lol!
I agree, and make US tax payers to subsidize local cars so the US compete in the same level as China. That way both options are as cheap as possible
@@HaimRich94 lol...US govt already subsidized the auto industries in the US but they don't do as well. You don't know this??
CNBC, you won't tell us about the humongous amount of funding and subsidies that the US gov dumps on its EV, battery and high tech industry right? Right?
Of course they won’t talk about that, other country doing the same thing is ilegal, what a joke 😅🤣
Significantly less than petroleum subsidies, silly
🤫don’t say anything classified on internet!
So, so, so true. What the US subsedize its big firms (Boeing anyone?) that's OK but when other countries do the same, the US blame them for unfair competition.
Usual American hypocrisy. Does anyone take America seriously anymore
GM was given $2.3 billion incentive to build a factory North of Detroit in 2009, Tesla was given $1.3 billion for a Battery plant in Nevada in 2014, this information is sourced from Reuters.
Shhh.......Again you are saying the quiet part outload.....next thing you know you will be letting slip about the large tax breaks and subsidies paid to Boeing.........
And they used the subsidies to buy back their stock shares
@@jklee5419*🤭 CNBC, the only reason Tesla Model Y is the most selling model in the world is because American and Europe (race based policy?) have banned Chinese car and China has never banned American cars. In fact if you buy Tesla Model Y in China you get exactly the same subsidized subsidy as a regular Chinese cars - Google it that is how fair Chinese government is*
They weren't "GIVEN" that money as if they were given cash from the government. Most of it is in the form of state and local tax breaks. They would pay 0 taxes on revenue and business tax for 20 years to build a factory there. The state also will dish out money to build infrastructure such as roads, bridges and highways around the factory as well as housing projects to build neighborhoods around the area. Look at it another way, if Tesla builds that factory somewhere else, they would get 0 taxes from Tesla anyways, so the tax breaks don't mean much. Instead they bring in lots of employees, keep their locals employed, and kickstart the local economy. The amount of money they actually gave to GM and Tesla towards building a factory is nowhere near the numbers stated.
The video says the PRC EV builders get 231 billions over 15 years; that's 15 billions annually.
China is our main competitor, yet I must commend them for their achievements.
Basically, the person who tested the Chinese cars for CNBC has no idea about the cars...
That lady is a journalist. She believes a misplaced wiper switch is a dealbreaker and the paramount challenge to improve in the next remodel.
and Chinese
So, the average person lol..
Missing the point. What matters is what the consumer wants. Most of those don't care too much about the stuff that car enthusiasts hold dear.
Bruh, she's the average car consumer. Her imput is actually more valuable than a car enthusiast because the enthusiastic are a smaller group.
No journalistic integrity whatsoever. If these EVs are so bad, why block them from coming into the usa? Let them in and let the consumers decide with their money.
Wumao. Because they’re crap and break down and fall apart. How about the fact that Chinese automakers get a government subsidy to manufacture so many cars to artificially inflate the amount of cars China is producing, how about the ev graveyards all over chine full of these Chinese electric vehicles. Either your falling for Chinese propaganda or your a Wumao.
Remember a couple of years ago when China blocked all Teslas in their country from using their roads?
I think is because the big 3 would go bankrupt. Why buy a 70 thousand American suv or truck when u can buy a Chinese 15 thousand one
They literally have killed people due to batteries exploding or the rear axles falling off the car
@@punishunext5148 that’s fake news. And are u saying American cars have not done stuff that got many people killed?
It’s not BYD and Chinese EV makers versus Tesla. It’s electric vehicles versus ICE vehicles. This is fundamental and should be understood by the mainstream media and it probably is.
its not ev vs ice because most peoples idea of an ev is a poorly built tesla, byd trumps tesla in build quality and luxury.
@@SpektrikMusic And Tesla wouldn't even have survived without their mega factory in Shanghai, China.
@@SpektrikMusicyour comments about Tesla are about 4 years out of date.
The whole point of moving to ev,s is to reduce air and noise pollution.
They know all this better than you do. It's just that the mainstream media needs to promote for the party and the interest groups it represents
American companies also get subsidies which they use for stock buybacks to make the CEOs richer
Why are they testing a 4 year old NIO model. The swap station is 1st gen swap station. If they showed 4th gen swap station it’s a no brainier to be superior technology to all the other brands including Tesla. Swap is done around 3 minutes. Not to mention car can go and swap unattended. By itself !!!!
Is this bot funded by NIO or the government?
@@A704T no it’s not. I have been following NIo for years.
Not a free market when politicians tell us what we can and can’t drive. Competition drive down prices.
Politicians drive prices up (to their own voters).
It has been like this for a long time already. We cannot buy those nice looking and relatively inexpensive European RV in the US and have to put up with the American junk. 😅😅😅😅
Freedom is just a word without meaning or reality in America. Slavery on the other hand...
Competition drives down electric cars. You can only make them work with mandates in the US, and if they really went after mandates, I suspect the black rifles would start to come out. Anyone who's looked into the grid and power generation and price and complete lack of utility of electric cars in a giant sometimes cold country knows you can't make people drive them without making people very very very angry.
And that is why it's good we have the black rifles. Those black rifles are protecting freedoms around the world in an oblique manner.
For some reason CNBC decided to choose a 6 year old Gen 1 NIO model and battery swap station. It’s so biased, it’s ridiculous! 🤦🏻
Guess what, technology has actually progressed a lot for six years! NIO’s cars are now in their third platform generation and the battery swap stations - in their fourth.
CNBC, you’re making fun of yourselves!
You should invite your viewers to stay tuned for your latest smartphone review in October when you’ll compare the Google Pixel 6 to iPhone 16 and bash on Google that they’re dragging behind Apple! 🤡
Your comment is identical to other top rated comments, I wonder why....
… yes. And it still only took 10 minutes! CNBC = more Corporate-American propaganda. MSM in “the Bubble of The Empire” is laughable.
surly this CNBC bejing journalist is a part of china "fool you project" 😆
@@ChristianNorge Perhaps because there are many people who know about the company more than the journalists reporting on it?
I think 2025 will be EXPLOSIVE for NIO stock!
What an amazing year 2024 has been for NIO!
- 600,000 NIOs sold in October - four months after delivering its 500,000th vehicle.
- Building out 4th generation Swap stations and charging stations (ca. 30% increase year on year)
- New models (ONVO and Firefly) and upgraded NIO models
- New partnerships and alliances
- Market awareness and education of the importance of BaaS
- New chips and SkyOS
- Factory Hungary
- Entering UAE
- Patents
What did I miss?
Are Americans really this far behind thinking a 4 year old NIO and a 1st/2nd gen swap station is the latest tech? 😂😂
Yes. Outside of experimental test tracks I don't think there is a single battery swap station in the USA. We have a native industry hiding behind tariffs and petroleum companies who do not want to change to today's reality, and as a result the options that we have are so far behind.
Chinese EVs can stay outside USA. USA don't have the infrastructure anyways to support EVs. They can't even fix their subways and bridges, forget a nationwide Electric power chargers.
Most Americans don't even know what a NIO is.
Chinese bot alert
@@Parker-- CIA bot alert .
These Chinese EV makers would absolutely dominate the U.S. market if they had free access. They were invited to Thailand by the government a couple of years ago (no tariffs) and now 2 years later the Thai market is flooded with drastic price reductions on EVs (great for consumers). Legacy automakers in Thailand (mostly Japanese) are already cutting their production or pulling out altogether (Subaru). There is a definite need in the U.S. for lower priced vehicles, let them in!
"They say 3 minutes" uses the oldest battery swap station available. Great journalism not biased at all.
Biased is one thing but that is just lying
I assumed she included the time it took queuing in line lol. It should take 10 mins for the swap.
Watched lots of Nio swap videos, and for the newest swap stations, it takes less than 4 mins
Butthurt wumao detected.
@@keaixiaomeinv anyone who doesn’t agree with me is a shill
Whenever CNBC reports on cars, they ALWAYS focus on EV subsidies. CNBC never comments on the massive oil industry subsidies or on the massive tax breaks businesses get for 6,000 lbs SUVs and trucks.
But don't worry, the US free market has banned Chinese competition, because of freedom...
100% tariff. But US wants to export tariff free.
Funny how if you subsidize industries (for example semiconductors in the US), it’s ok and if others subsidize EV production, then it is a problem😅
China has been doing for decades
The subsidies are to get production going at home to satisfy demands currently filled by imports, not to suppress competition for exports like China is strategizing.
@@mack-uv6gn And the US hasn't? Let's not forget that a decent part of Tesla's success comes from subsidies and tax breaks.
@@mack-uv6gnand US is not?
@@doujinflip every major industrial nation has subsidized their powerhouse industries „to get production“ or „to suppress competition for exports“. I think it’s difficult to draw the line.
The person who did the testing for NIO has not done her homework.Firstly she tested a 4 year old NIO car secondly how does she get 10 minutes for a battery swap maybe she used a old battery swap station most swaps take about 5 minutes and lastly is is obvious that she is a Tesla fan
Even Toyota is coordinating with BYD for the former's EVs.
Very sour reporting……
What do you mean? Fair reporting would show one erupting into flames but they won't do that during their well paid promo here...
Eunice Yoon is known for this LMAO
@@JPs-q1oI guess if she just won't talk to talk about *Tesla panel gap and other quality and Design issues* - I mean there are thousands all you have to do is Google it
*🤭 CNBC, the only reason Tesla Model Y is the most selling model in the world is because American and Europe (race based policy?) have banned Chinese car and China has never banned American cars. In fact if you buy Tesla Model Y in China you get exactly the same subsidized subsidy as a regular Chinese cars - Google it that is how fair Chinese government is*
It is Western media. They never have anything good to say about China....
@@JPs-q1oit’s a “fair report” for American audience, e.g., government heavily subsidy, kinks, auto parking not working, bad quality, not useful features……….concluded with doubt and question.
Question is: How much did Tesla get subsidized by the Chinese govt and American govt? Tesla did get tax break to build the Giga factory and received EV rebate just like the Chinese automakers.
Don't forget how much they make selling carbon offsets.
China subsidizes Tesla by $500 million. This does not include the exemption of car purchase tax (10% of the car price), $4 billion interest-free loan, land concessions...
Make TOYOTA 🗾 Great Again 😎 Scotty Kilmer
*🤭 CNBC, the only reason Tesla Model Y is the most selling model in the world is because American and Europe (r@ce based policy?) have banned Chinese car and China has never banned American cars. In fact if you buy Tesla Model Y in China you get exactly the same subsidized subsidy as a regular Chinese cars - Google it that is how fair Chinese government is*
I guess if she just won't talk to talk about *Tesla panel gap and other quality and Design issues* - I mean there are thousands all you have to do is Google it
*... while you are at it Google "coin balance on a 375 kilometers per hour bullet train" 🤭 That was a trend in China a couple years ago*
dude, China banks did provide huge loans to Tesla Shanghai, only this. and Tesla paid back it already. That is a simple business action. not a fixcking subsidizes. They were both win-win.
Americans are bickering and fighting over EV vs. Oil, while China is leading the world in the future of vehicles.
China still hasn't figured out how to make them not explode.
Make TOYOTA 🗾 Great Again 😎 Scotty Kilmer
😂 Good one
@@bwofficial1776
You'll be really rich when you show China how to prevent the "explosion".
@@bwofficial1776I wish you didn't lost count of how many ice vehicles exploded globally and annually, or how many Tesla were spontaneously combusted
Glaring omission - evaluation and discussion on safety standards. CNBC can do better. How about a joint report with Consumer Reports on the safety performance of these low-cost e-vehicles?
The title should be Comparing old Chinese electric cars to a new Tesla Model Y.
You can see the hypocrisy of Americans when it comes to green energy. They tariff cheap EV cars that everyone can afford that would move the needle towards green energy. But they don’t want to.
We don't want electrics because they don't work in America. If you're packed into a Chinese city, maybe they work, maybe after the government mandates all kinds of charging stations.
That's not the case here, and never will it be. This is a huge country, lots of it rural, and a fair amount cold most of the year. That's not a country that can be mostly electric. Also we drive a lot of trucks for work since we have a lot of small business. Plus artificial intelligence will be completing for the power. Hopefully we'll start building a lot of nuke plants soon. That will be good but the grid will still not be able to handle even 20% electrics.
It's not even possible to build enough chargers to handle folks who don't own their own houses with the charging Pole. The US is just too damn big. Plus with a sensible president we have all the cheap gas we could ever need for centuries and centuries. Notice that Biden wanted gas to go up to around 8 bucks a gallon. Notice the absolute revolt when it hit four. Notice that Trump is still likely to win, and a lot of that is on the back of gas prices.
It is not conceivable that the US will switch over from ice engines. The underlying tech would have to at least double invefficiency. Toyota is making the smart play with hybrids. Everyone is starting to follow.
@@theminister1154sir, they offer plug in hybrids, and their EVs offer 800+ mile range at lower prices. Go to sleep
@@theminister1154Biden doesn’t work for oil companies. Trump has taken over ur head
@@theminister1154 Huawei builds some amazing electric vehicles .... nothing that the US or Europe has build so far can come close to Huawei. Why can't companies such as Apple, IBM, Microsoft build an electric vehicle? Because they don't know how. Apple tried but it failed miserably.
I have family in China, and one of them bought a Lync&Co 08, it’s an upgraded Plugin hybrid, the battery has a range of about 150 miles(he uses it as an EV), and with a full tank, you can go for over 700 miles easily
It has heated and ventilated front seats, and all seats have massage functions, you pretty much find everything in that suv, and he roughly paid $30,000 USD
I was blown away. No wonder other car makers don’t want Chinese manufacturers to enter the market here
It cost 30K because those who made it don't earn much. When are people ging to learn how the red dragonbuilt ANYTHING thy make?
@@Willowy13 n btw u know China use bots to build cars huh?
Sure, but they have to live in China.
@@Willowy13Are you talking about robot? They don't need salary😂
There needs to be an even playing field. When the Chinese government is subsidizing the price to design and build these cars in order to flood the market with inexpensive vehicles to subdue the competition, there is no even playing field. Thus the US, Europe and eventually (sigh) Canada have high tariffs on Chinese car imports.
are you sure you guys filmed this in 2024, the cars in your vid are old models from at least 2-3 years ago. the v1.0 power swap station you visited are long replaced by 4.0 stations. this is some bad journalism
When it comes to the NIO review... the reporter used a Gen1 NIO no longer in production and a Gen1 battery swap station. The experience will not be the same with a current model/Gen3 swap station.
Its like comparing an Iphone 12 vs Samsung Ultra 24 or Pixel 9 Pro XL
It makes no sense to review an older model. Kinda drop the ball there for a Senior reporter.
How nice! CNBC selected Gen1 oldest swap station to swap the battery instead of gen 4 where you can swap automatically.
And they also drove an old NIO EC7... dumbasses
Yes, Cost cutting by Boeing and Corner cutting by Chinese vendors, worked wonder for Boeing and especially for the passengers.
@@Humble_Balaclava Boeing's fraud is insane. China's Baoji Titanium Industry Co., Ltd. has clearly stated that they have never engaged in any direct or indirect business dealings with the Boeing supplier involved, and the relevant material certificates are all forged.
@@Humble_Balaclava Boeing's fraud is insane. China's Baoji Titanium Industry Co., Ltd. has clearly stated that they have never engaged in any direct or indirect business dealings with the Boeing supplier involved, and the relevant material certificates are all forged.
Just to paint things BAD
Why did you guys use a gen1 Nio for the test? These are not even for sale anymore for over a year right now. New models are way nicer. Also changing battery at a Gen1 swap station while there are Gen4 swap stations available 😂
guys, don't get upset. Her boss is an American. She is a Chinese. She has to please her boss who pay her every week or month. If we live in a cover up world. The only power we have is high tariffs. If we don't wake up and compete head on. We will be left behind.
SAD!!!!!
I drive a BYD Seal in Brazil, is a amazing car, i never change for a Tesla EV (experimental vehicle)
Now that is smart, changing batteries instead of waiting an hour to charge.
Battery swaps were started by an Israeli company, and were later implemented by Musk's rabid Chinese followers after Musk spoke about the swap idea in 2013.
@@sis-l1i we all did battery swaps on flashlights, remotes, toys, etc more than 50 years ago.
The fastest electric car in China can now be charged to 90% in 12 minutes, with a range of more than 500 km. This is just the beginning. In a few years, the battery should be fully charged in ten minutes.
It is impossible to expect Western media to report China objectively and impartially. They always avoid the advantages and magnify the shortcomings.🙂
Like what? The fact the batteries explode all the time?
That's ok. China never does either.
@@henrylopez3479Keeping yourself in your stupid wet dream😂
@@henrylopez3479 I have only seen news about Tesla explosions and spontaneous combustion, there are too many, too many
@@henrylopez3479 Is it possible that almost all electric vehicle batteries are now monopolized by China? When you have time, you can search for China's electric vehicle battery market share!
So productive that its market can't absorb their cars , that what japan has been doing , thats what Germany has been doing all along
Japan manufactures its cars in the countries they sell them in, including the United States, and United Kingdom. So American companies are unproductive and inefficient, because the conditions are the same.
Don't forget Korea... anyone with half a brain knows companies like LG/Samsung were all propped up by their government and allowed to monopolize to become major exports.
@@stephenbachmann1171 They are inefficient because they give their workers a living wage. Meanwhile in China people who make these cars walk 4 miles home to their mud hut villiage every day and eat wild caught animals to save money.
CNBC has no idea of export business.
This video just propaganda from US. To spread threat and discriminate on Chinese product export. Try harder I guess?
I have owned an MG HS Essence X for three years and 58,000 kilometres. 7 years unlimited kilometres warranty. Not one issue. Owned a lot of cars and this is the best.
I’ve been in China for the past 18 months. The local Chinese brands are running rings around the western and Japanese cars. It’s such a shocker. Avatr and Aito especially are levels of technology above Tesla, VW etc. I find it’s a good thing. It’s about time the western vehicle companies get some real competition and not stock buybacks. A huge advantage the Chinese has over the Americans is their world beating supply chain, automation technology and local engineering talent. The local EVs are also better quality, similar to how we think German engineering is ( although German cars are notorious for expensive parts and low durability ). Without tariffs, the western car company’s will go kaput. Good riddance.
sure, mate! if you say so...
I see vehicle by GM in China from videos and GM offers a better version of any vehicle they sell here in the US. They have to upgrade their standards to compete with the Chinese hugh quality cars. While they give us the crappier version here in the US. Lol
@@trevoncampbell2744 because she did not dare to show you better Chinese EV. All she quoted had already been low class. 😂 Do your own research if you are interested in the truth. Otherwise,you can always stay in your comfortable zone.
You're debating a personal experience with edited videos you watched, quite analytic.
Where in China or which Chinese company did you work for and didn't get paid? Open your eyes and mind, and you'll see 'Huawei'.....is the future in every industry in the next century.
'Huawei' translates beautiful China, I mean the word not the Company.
I look at the NIO segment & see a gen 1 vehicle, all gen 2's, 8 of them are from 2023. Also the swapping station used was also a gen 1 station from 4 years ago.. Gen 4 stations are far more advanced, holds more batteries, & a swap is around 3 minutes not 10 minutes.. Not very accurate review of NIO at all, would say that it's a very misleading review..
Don't expect fair reviews of Chinese products from a US news corp
Cnbc ... tell your reporters to research more... Chinese ev are best in performance..the model she rode can do 0-60 in less than 5 seconds...and it's a 4 year old car