This is why a person would be insane to buy a Chinese brand of EV. Not only could it Burn Your Driveway (or house), have brakes fail totally, fail to deploy airbags in a crash, and then lock you inside the car to die in the following fire, but its value will crash to zero the instant that car company stops trading. Literally insane to buy a Chines brand of EV, when we KNOW that 95% of Chinese EV companies will be bankrupt inside 3 years from now.
True, but it seems that everything in china is going like this. X makes something that sells. Y and Z join in It still make money? Good then everybody else joins in and before you know you have EVERYBODY selling the same stuff. Under another brand. Same with these car manufacterors. Or chips for mobile phones and tablets, even pc's and... Everybody keeps copying the other person. BADLY copying that is.
@@nestersan Taking out a mortgage for a for a flat or condo that has not been built yet. The concept of paying the developer in tranches as certain milestones are met clearly has not occurred here.
In the past the chinese values trustworthiness. These are not traditional chinese but artificial chinese infused with maoist values. Of course you cant trust thrm
Just to add that even foreign cars aren't safe in China, as the aftersales is handled by the car dealer in a lot of the cases. If the after sales part is handled by the dealership, which then goes bankrupt then you might also be f-ed. Car brands might have their own aftersales services, but if those go bankrupt then you will be in as much trouble as the Chinese are here. The bigger topic in this video is about the economic downturns in China.
BYD is the best selling brand here in Asean. Outsold Tesla and the rest. The reason is not only because it's cheaper. It's the after sales service and their very proactive dealerships.
I tell you europe can suck at times, oh it can. But at least if the worst happens you still have warantee. Things still will have a few years of repair parts. Hell, one of the costs in europe is repair parts. You sell a car, you need to ensure that repair parts remain available for a time of about seven years after the model stops selling. Seems that in china the "extended warantee" is 0 hours after you leave the store.
From the videos on this channel, there is over 80 car producers in China. Government subsidize car producers, and with this they make profit. Now more and more will go bankrupt because the money has dried up. Only a few will remain.
These people are so ignorant. Never buy a car from any new manufacturer. A car is not like almost any other purchase: need lots of maintenance, repair facilities…can it be repaired by a third party? Established companies typically have better reliability and quality.
Over 500 EVs were on display at the recent Guangzhou auto show, and over a million EVs were sold in October. How many of those models will disappear in the next couple of years? It's even worse for the ICE cars. I just visited Gaozhou town (part of Maoming City southern China) and noticed 9 out of 10 ICE cars were Japanese brands and all the EVs were Chinese brands (many Teslas though). I asked the local car dealer what happened, as in Shenzhen you hardly see any Japanese brands and he said: "Because those used cars replaced the local brands here. You don't see any German brands here, do you? EV's are taking over and only the most reliable ICE (Toyota/Honda) cars survive. This year over 4000 car dealers will go out of business, next year that number will double. We used to sell Mazda, but that is over, now we just handle used cars from Maoming." Neta is a meaningless problem in Tianjin compared to the S5 BMW dealership bankruptcy and some others. I learned that one exporter had bought 2 cars and already fully paid one of them and the cars were never delivered. In addition, his company has 4 BMWs with paid service contracts. Not a happy camper because he is already in financial trouble.
These naive simps were dumb enough to part with their hard earned cash and buy these expensive unreliable electric fire hazard shitboxes, that weren't even in stock. Zero sympathy.
There were 500 500 EV companies in China in 2019. Now 100. And there are total 300 EV companies selling in China foreign and domestic. How could you not fail? Chinese EV companies are to make money from selling cars. They wanted government money and loan.
Like many Americans facing financial hardship, i currently live paycheck to paycheck. How do these people in China just go months without any pay? I can't imagine they all have thousands stashed in a rainy day fund.
So what is the ccp'S plan for combating these dealerships who take money but don't deliver a car and just disappear? That's theft; major class action lawsuits or is that even a thing in China when large numbers of people are scammed/ripped off? I'd love to know how much cash Neta received from the government to startup and what in the hell they did with it. Itemized account, precisely where did they piss away the money; into who's personal bank accounts?
"If you want to sugar coat it" At least that fella still has his sense of humour & can laugh about it. Good for him, don't let the ba**ards get you down. 😊
These are the “cheap Chinese EV’s” that the EV fanboys in America want to import. Imagine thousands of these cars not working because you can’t get vital parts. Or you can’t get warranty work because the American distributor shut down. Even the larger companies like BYD could go belly up overnight.
Waste of recourses, second reason is when people buy it and found problem afterwards taking out the dealership they fix only to make it worse or don’t help at all. So karma is getting back at them.
@@arocomisgamusclademork1603 source ? Proof ? In the 1980s, Japan was the big bad. Its economy was booming - the second largest in the world - and many in the United States feared they were about to be overtaken. Articles were published warning of the "Japanning of America" or an "economic Pearl Harbor," as Japanese businesses bought US companies and landmarks. Lawmakers and commentators warned of a growing trade deficit between the two countries, and complained of Japanese firms stealing US intellectual property and taking advantage of unfair trade deals.
Chinese EVs manufactures by automatic machineries and robotics , what came out of assembly plant are finished EVs with a few minor detailed need to done by human hand.
If me buying a chinese product makes my country face unemployment then so be it Keep your politics out of my wallet Free market . I can buy chinese products. If my economy is so screwed up that me buying chinese products create issues then tell your ceos to loose their belts I ll buy more chinese products. To hell with your politics
It's interesting how this unheard Chinese brand was chosen for this video. It's not a surprise that many smaller EV manufacturers will soon go belly up because it's so competitive in China. CNBC used to bash Chinese EV, but they switch direction in the latest episodes. th-cam.com/video/KPd-zOdln04/w-d-xo.html
How come China can’t succeed in 1000 situations, but yet has surpassed America in manufacturing, in EV’s , space exploration , stem cell graduates, solar panels, steel production, high speed trains, soon everything
yeah just some fires here and there. Can't even recharge your bike in your garage. Nothing really important, it add a little spice in your life, right ?
Satan will make the work as difficult as possible, but divine power will attend all true-hearted workers. Guided by our heavenly Father’s hand, let us go forward, improving every opportunity to extend the work of God.-Medical Ministry, 325 Each of us has a battle to fight, this book would walk you through
This is why a person would be insane to buy a Chinese brand of EV.
Not only could it Burn Your Driveway (or house), have brakes fail totally, fail to deploy airbags in a crash, and then lock you inside the car to die in the following fire, but its value will crash to zero the instant that car company stops trading.
Literally insane to buy a Chines brand of EV, when we KNOW that 95% of Chinese EV companies will be bankrupt inside 3 years from now.
Never in a million years would I ever buy one
Exactly!
Lately I have returned half of the cheap Chinese crap that I bought on Amazon, I certainly wouldn’t want a Chinese Tofu Car.
Going from unfinished real estate to unfinished cars, lol.
And even when it's finished, it crumbles.
🤣 easy brianwash
The good thing is the phone you are holding is made in China but it was a finished phone 😅!
@@HKim0072 that's usa
@@GrandSolarEclipse Taiwanese contractors.
Copy and steal is not a base for economy
Go for a BYD ev. That's what we did in Asean. No need for unnecessary and unrelated comments.
It’s been working for them… until recent years
You described usa
Buying a car from a manufacturer that sold only 2000 units per year in China is really dumber than dumb
True, but it seems that everything in china is going like this.
X makes something that sells.
Y and Z join in
It still make money? Good then everybody else joins in and before you know you have EVERYBODY selling the same stuff. Under another brand.
Same with these car manufacterors. Or chips for mobile phones and tablets, even pc's and...
Everybody keeps copying the other person. BADLY copying that is.
I agree, unless the price was too good to believe
Yes, almost as dumb as giving another ev company 25k for a car that isn't even on their product line 7 years later
@@nestersanYes as dumb as the USA setting factories in China. 😅
@@nestersan Taking out a mortgage for a for a flat or condo that has not been built yet.
The concept of paying the developer in tranches as certain milestones are met clearly has not occurred here.
How can you pay full paiement for a car and not have it the same day. If the car isn't there, my money doesn't go anywhere !!
Ikr, I'll give you my money when you show me the car and put the keys in my hands at the same time.
Only if you live in China. They call the shots, not the people
I agree that just sounds goofy
The same thing happened in the US with Tesla. Nothing new here
Some luxury cars require years of waiting even in the US. 😅
Well just make a 10% deposit, why 100% when you don't have anything yet ? LOL SMH
new law - car dealers pay a deposit to the customer. if the car does not arrive NO REFUND!
Never pay for something that doesnt exist
Like Tesla Trucks.
Elon musk has entered the chat
@@JobeStroudu mean Tesla Roadster that people already PRE ORDERED for $250,000 each and Starship to go to Mars.
@@InspirationalSpaceship I would assume?
But it's an awesome deal...
How do they go bankrupt if they sold 160,000 EV=scam.
Chinese are trustworthy.
-Nobody
Go for a BYD ev. Best selling ev in Asean. In BYD we trust.
In the past the chinese values trustworthiness. These are not traditional chinese but artificial chinese infused with maoist values. Of course you cant trust thrm
@@kamsunleong6648I'll have a Dodge Challenger instead.
@@kamsunleong6648lol
@@kamsunleong6648 collect your 50 cents
It could be worse it might be the over 5 million people with unfinished houses
And still obliged to pay mortgages is crazy...
and if you get the house it’s styrofoam and cardboard, you wonder how the four or five story condos ever stay upright
Buying a Chinese car?? Bad after sales service, car dealers closures and low quality...No way!!!
Just to add that even foreign cars aren't safe in China, as the aftersales is handled by the car dealer in a lot of the cases. If the after sales part is handled by the dealership, which then goes bankrupt then you might also be f-ed. Car brands might have their own aftersales services, but if those go bankrupt then you will be in as much trouble as the Chinese are here.
The bigger topic in this video is about the economic downturns in China.
You know what they say. Some people never learn and a sucker is born everyday.
That's every Minute. @@patrickt49
BYD is the best selling brand here in Asean. Outsold Tesla and the rest. The reason is not only because it's cheaper. It's the after sales service and their very proactive dealerships.
@@kamsunleong6648Burn Your Driveway
Now they can park their unfinished cars in their unfinished garages.
In their ghost cities
😂😂😂
communist apprentices trying to do capitalism; the result is always disastrous.
I tell you europe can suck at times, oh it can. But at least if the worst happens you still have warantee. Things still will have a few years of repair parts. Hell, one of the costs in europe is repair parts. You sell a car, you need to ensure that repair parts remain available for a time of about seven years after the model stops selling.
Seems that in china the "extended warantee" is 0 hours after you leave the store.
30/30 warranty... 30 feet or 30 seconds, whichever comes first.
From the videos on this channel, there is over 80 car producers in China. Government subsidize car producers, and with this they make profit. Now more and more will go bankrupt because the money has dried up. Only a few will remain.
What shit society!
In china never buy based on "promising"
Heres a suggestion.....
Pay
your bills first
These people need to stop paying for shit before it’s delivered smh 🤦♂️
These people are so ignorant.
Never buy a car from any new manufacturer.
A car is not like almost any other purchase: need lots of maintenance, repair facilities…can it be repaired by a third party?
Established companies typically have better reliability and quality.
I would agree with this. If this was true we would only have Ford vehicles around the world. This was a pump and dump.
And don’t pay mortgage on houses that will never be finished! Serfs be serfs…
@@Dirka-c9f No idea how this has to do with what I typed.
@@JobeStroud I was referring to the fact that it seems Chinese make all kinds of bad fiscal choices…
Over 500 EVs were on display at the recent Guangzhou auto show, and over a million EVs were sold in October. How many of those models will disappear in the next couple of years? It's even worse for the ICE cars. I just visited Gaozhou town (part of Maoming City southern China) and noticed 9 out of 10 ICE cars were Japanese brands and all the EVs were Chinese brands (many Teslas though). I asked the local car dealer what happened, as in Shenzhen you hardly see any Japanese brands and he said: "Because those used cars replaced the local brands here. You don't see any German brands here, do you? EV's are taking over and only the most reliable ICE (Toyota/Honda) cars survive. This year over 4000 car dealers will go out of business, next year that number will double. We used to sell Mazda, but that is over, now we just handle used cars from Maoming."
Neta is a meaningless problem in Tianjin compared to the S5 BMW dealership bankruptcy and some others. I learned that one exporter had bought 2 cars and already fully paid one of them and the cars were never delivered. In addition, his company has 4 BMWs with paid service contracts. Not a happy camper because he is already in financial trouble.
More crying for unpaid wages, lmao. At some point, it's a lack of self-respect
First unfinished real estate; now unfinished cars; tomorrow unfinished Belt and Road Projects. All of them the owners are on the hook.
Soon unfinished chop suey!
EV's are crap
The poor made in china
These naive simps were dumb enough to part with their hard earned cash and buy these expensive unreliable electric fire hazard shitboxes, that weren't even in stock.
Zero sympathy.
Many’s boss in China take all the cash and flight ✈️ to Europe USA CANADA AUSTRALIA. LIVE RICH GOOD LIVE. BY BY CHINA
There were 500 500 EV companies in China in 2019. Now 100. And there are total 300 EV companies selling in China foreign and domestic. How could you not fail? Chinese EV companies are to make money from selling cars. They wanted government money and loan.
Source ? Proof ?
They offered lifetime warranty cause they know the company won't be there for life 😂😂
I’m just wondering how they will blame it on the US?
dont worry, the chinese communists excel at finding ways, even the most absurd and ridiculous is acceptable to them.
Where are all these people going that they can't be named and blamed? They have to be somewhere.
whats he complaining about.... they didnt say the warranty was good for HIS life time, the company is dead, ergo warranty dead
How do people go months without getting paid? If you don’t get one paycheque, start looking for a job immediately.
They seem to have too many car companies. Sometimes, more is not better.
Next time buy either a Japanese car or an American car. Both will be in stock
*buy
Japan copied China
Evergreen and evergande sold millions of condos that weren't built yet too . 😂😂
From unfinished houses to non existent cars.
on the positive side, your car cant spontaneously catch on fire if you dont own a car.
Like many Americans facing financial hardship, i currently live paycheck to paycheck. How do these people in China just go months without any pay? I can't imagine they all have thousands stashed in a rainy day fund.
Tofu dreg cars!
LMAO, I drive bankrupt MG for 19+years and don't complain. Life is hard, get used to it.
Why would anyone ever pay up front for a anything, with NO REFUND in the contract??? That smells scam from miles away.
You described lambourghini
@@jacksmith-mu3ee Lol. Thats a useless car. Not much family friendly.
Here's a car frame and 2 wheels. Thank you for purchasing Huawei cars haha😂
Wait, they pay full on a ghost car?
So what is the ccp'S plan for combating these dealerships who take money but don't deliver a car and just disappear? That's theft; major class action lawsuits or is that even a thing in China when large numbers of people are scammed/ripped off?
I'd love to know how much cash Neta received from the government to startup and what in the hell they did with it. Itemized account, precisely where did they piss away the money; into who's personal bank accounts?
"If you want to sugar coat it" At least that fella still has his sense of humour & can laugh about it. Good for him, don't let the ba**ards get you down. 😊
We laugh but unfinished products and broken promises while insiders flee with the cash is the future we face from our own "entrepreneurs" .
Buy Toyota
These are the “cheap Chinese EV’s” that the EV fanboys in America want to import.
Imagine thousands of these cars not working because you can’t get vital parts. Or you can’t get warranty work because the American distributor shut down.
Even the larger companies like BYD could go belly up overnight.
When you pour into construction rather than start small and build as you sell and grow will always lead to you having a hard time.
Waste of recourses, second reason is when people buy it and found problem afterwards taking out the dealership they fix only to make it worse or don’t help at all. So karma is getting back at them.
Is this the karma of copycat worst than copy bank notes.
Remember my words, Tesla shanghai will go belly up in 2025. If you are owner of tesla shanghai shares, do not complain when they will cost zero yuan.
Makes sense with around 100 ev companies in China not everyone is going to make it only the big companies survive
Byd,Nio,Zeeker.
16:56
maybe vw is not that modern but at least the give you a car after you pay
Next up on this list - > NIO
lmao the rug pull is rampant in china
You described uk
Buy Toyota, Mazda, Honda is the safest
China is the most wealthy countries in all of the world maybe the universe.
Yup!
Welcome to capitalism.
This isn't unique to China, the US had/has lots of EV companies that have gone under or will soon. I would never buy from a small struggling brand.
Just buy Toyota already, not Chinese brands never be quality control competitor Japan
Mazda is the new Toyota in my arrogant opinion
Toyota copied Byd
@@stoundingresults except Mazda never copies Vellfire Alphard ones biggest mpv sliding rear doors automatic and boot as well
@@jacksmith-mu3ee except quality control components
@@arocomisgamusclademork1603 source ? Proof ?
In the 1980s, Japan was the big bad. Its economy was booming - the second largest in the world - and many in the United States feared they were about to be overtaken.
Articles were published warning of the "Japanning of America" or an "economic Pearl Harbor," as Japanese businesses bought US companies and landmarks. Lawmakers and commentators warned of a growing trade deficit between the two countries, and complained of Japanese firms stealing US intellectual property and taking advantage of unfair trade deals.
Sounds like the Tesla Roadster
"Lifetime warranty"
No scam here, the brand is dead already !🤣🤣
Chinese EVs manufactures by automatic machineries and robotics , what came out of assembly plant are finished EVs with a few minor detailed need to done by human hand.
Would go to Japan and buy a Old Japanese Racing Car than buy a Electric Car.
If me buying a chinese product makes my country face unemployment then so be it
Keep your politics out of my wallet
Free market . I can buy chinese products.
If my economy is so screwed up that me buying chinese products create issues then tell your ceos to loose their belts
I ll buy more chinese products. To hell with your politics
*All these unsold China cars can easily be exported to Indonesia and African countries that do not have indigenious auto industry.*
Errr, there maybe electricity in the city areas,, go far from there and either NO electricity or small amounts only,, nowhere to charrge your car
BULLSHIT
Neta still produce and sells cars
It's interesting how this unheard Chinese brand was chosen for this video. It's not a surprise that many smaller EV manufacturers will soon go belly up because it's so competitive in China. CNBC used to bash Chinese EV, but they switch direction in the latest episodes. th-cam.com/video/KPd-zOdln04/w-d-xo.html
Naive consumers.
tofu dreg
That's usa
@jacksmith-mu3ee u go to xina then
@@ChiTsang no such country on the planet .
EV industry is soo stupid.
Prove it
How come China can’t succeed in 1000 situations, but yet has surpassed America in manufacturing, in EV’s , space exploration , stem cell graduates, solar panels, steel production, high speed trains, soon everything
High speed trains with low speed wheels,, solar panels that are generally poor, steel production that is crap.
Don’t believe everything you hear! Unless you have the details!
@@ldnwholesale8552you described usa .
@@roxys744 in details . China won
@@ldnwholesale8552 That's American trains
😂😂😂😂😂😂😂😂😂😂🤣🤣🤣🤣🤣🤣
LMAO.
😂🤏✅️
Haha, a good joke.
NEVER buy an EV ....its a nightmare
You are jealous of China. We all know
Ngl but their batteries are very good
yeah just some fires here and there. Can't even recharge your bike in your garage. Nothing really important, it add a little spice in your life, right ?
Great at going BOOM.
like the dollar store good
Neta...Is that funded by Zucker?
What's next, Oeta?
My cousin Dong Yu Suk lost his car deposit and now has resorted to feeding his family ground insects in rice for survival. Please pray for Dong 🙏
How about Thatcher era shoddy built British cars (Rattling Rolls Royces, Rusty Leyland, Badly painted Jags etc) 😅,
Why sell so cheap?
No brainer to go for a BYD ev. Or maybe a Li Auto and Geely as well.
Far better, simply do not buy China cars. Rubbish at best
30 million sold around the planet 2023 alone. That proves top quality. Don't be jealous okay, it's bad for your health😅😅😅
Satan will make the work as difficult as possible, but divine power will attend all true-hearted workers. Guided by our heavenly Father’s hand, let us go forward, improving every opportunity to extend the work of God.-Medical Ministry, 325
Each of us has a battle to fight, this book would walk you through
Lol