@@Dan16673 Their intentions is to have Chinese people have the same buying power as the people in the west? why should white people be the only ones to enjoy living beyond their means off the backs of the labor of the poor?
The rise of BYD and other Chinese automakers is fascinating and shows how quickly markets can shift. As an investor, I’m keeping an eye on EV stocks, especially as competition heats up globally. While Tesla still has strong brand loyalty, BYD’s expansion and Buffett’s backing make it a compelling long-term play. It’s a reminder to diversify and stay adaptable in this ever-changing market.
I agree. Even with great opportunities, we should proceed cautiously. Seeking market analysis or advice from certified market strategists is important.
The US talked as if they didn't enjoy the Chinese subsidy themselves. For decades, GM, Ford, Toyota etc enjoyed subsidies from Chinese government in term of free usage of lands for their factories and low taxes. Tesla not only enjoyed the free land for its Gigafactory, it even enjoyed the EV subsidy launched by the Chinese gov to promote EV. We are not even talking about the subsidy they enjoyed in their homeland, the USA, courtesy of the US federal and states government. China also didn't push them out of the Chinese market, they are losing market share due to their own incompetence. For years the Chinese government has been promoting EVs. When the world largest auto market, and your largest customer, said they want EV, you should have listened. Instead they rest on their laurels, thinking the Chinese can never catch up with their ICE cars tech, and that EV will never take off. They are right that the Chinese didn't catch up with their ICE cars, the Chinese never tried to, the Chinese just leaped ahead with EVs. Few years back, when the Chinese government wanted to set up the time table to ban ICE cars, the foreigners beg the Chinese government to give them more time. Years later, they still couldn't catch up, and climate change wait for no one. The foreign automakers performed so bad that even their Chinese partners are worried about them. The overcapacity is also another BS concocted by the losers in the west. the Chinese only exported about 15% of their cars, while the Germans exported about 70% and the Japanese exported about 50% of their production. Who is the one with overcapacity problem?
Lol. Silly rant that has no basis in reality. Chinese cars are junk and the world (except for the poor who can't afford anything better) know it. The overcapacity issue is real.
@@shyamranger Doesn't work that way. China has reputation for making junk. US consumers demand high quality and safety. China has given $240 billion in subsidies to their EV makers and these companies pay slave wages. Once these issues are resolved, then entry into US market might be considered.
"Instead of producing better cars and providing the American consumer with higher value for their dollar let's just spend that money on lobbying lawmakers into preventing competition from entering our market". Free market my ass.
The same happened with Solar Panel industry and Shipping industry, etc. The US gov have been making trade policies based on campaign contributions for years. This is what happened when government is privatized.
Nio is losing around 200 million dollars every month. only BYD and Tesla can build millions of EVs a year profitably. the others (including American startups and legacy automakers) are all in production and/or selling hell...
@@OlJackBurton Microsoft and Apple loosed money for almost 8 years before they made one cent profit It is normal that you dont make profit in the beginning
When you're a big country like America which was known for being the mighty world leader in industry, manufacturing and technology, and the only way you feel you can compete with Chinese companies is to double their prices with tariffs, you are essentially saying you're afraid and can't compete...essentially waiving the white flag. How the mighty have fallen!
@@cate9963 However, this is unsolvable. Raising tariffs will only make Americans buy American cars, but it won't make American cars cheaper unless the dollar depreciates
Mining lithium is a water guzzling extreme toxic pollution metal for the planets ocean and waters, it is way cheaper to mine toxic lithium than it is to recyle it and it is very difficult to recycle, this is why 99% is not, the pollution it causes to the planets ocean is not sustainable, its like a nuclear chernobl to the planets ocean every year, due to the heavy toxins and pollution in mining lithium, when a lithium car is still in the company assembly line it has already polluted more than a hydrogen fuel cell car that has been on the road for more than 125000 miles, the secret about hydrogen fuel cell cars is that each car actually cleans the air as it runs due to it`s clean watered electrolysis when released onto the atmosphere, hydrogen fuel cell cars have become remarkable cars with the new technology, fuel cell cars are the future not toxic lithium cars! we all have to start the switch!
BYD is a huge cheater and scammer. They got this big by scamming investors, falsifying sales numbers, blatantly stealing intellectual property and getting huge handouts(cheap money) from Chinese government.
Japanese cars in Thailand are being forced to cut prices because they have to cope with fierce competition from BYD. Such competition is beneficial to all consumers.
Thank goodness the government has been "protecting" me from good quality affordable cars. I LOVE the "choice" of buying either an SUV or pickup for 60-80k that is designed with a lifespan of less than 100k miles.
You must be regarded to think that Musk is ANYTHING but a hype guy. He's an attention ho. He says the most outrageous clickbait things to get eyes on him. The only reason why he's rich is because he kept his paypal shares and used that to catapult himself into the ruling class. He was actually autistic enough to hold onto a company that may or may not fail. For every Elon Musk, there are hundreds of guys like him. Most of them you don't hear because they weren't lucky to hold onto their golden egg company that became a billion dollar company. Edit: Thomas John Mueller was the Brains behind SpaceX. Musk is like Edison who had guys like Mueller work for him. Musk took all the credit while men like Mueller was obscured into history. Funny enough Musk named his company, Tesla, when he was just like Edison.
@@PrecursorYang What about SpaceX, SpaceX has revolutionized spaceflight by developing reusable rockets, significantly reducing launch costs and increasing access to space. Notably, the Falcon 1 became the first privately funded, liquid-fueled rocket to reach orbit in 2008, and the Falcon 9's reusable first stage has been successfully landed and reflown multiple times, exemplifying their innovative approach. Mus is an innovator for sure.
@PraveenCJRegina Musk is like Thomas Edison. A good businessman who knows how to market. Thomas John Mueller is the guy behind space X. He design the space X engine. You could say that he is Nikola Tesla. Funny enough, Musk named his company Tesla. Musk is doing the same thing as Edison when he hired Tesla to work for him. Look up Thomas Mueller.
I own a BYD Seal. fantastic car, good value even with the inflated price we pay here in Australia. Legacy auto got caught sleeping, and now they're crapping their pants, tugging at governments aprons, hence the tariffs, and accusations of "government subsidies" of Chinese auto, while they themselves gobble up taxpayer money.
Yes, mostly true, but ... Australia is quite a unique market, and has no plausible reasons to block or impair the mass import of Chinese cars, ev or otherwise. You have great solar energy too, so it all makes sense. But the most important thing, is that you don't have a native car industry any more. That makes a huge difference. But .... the perspective from Europe or the US is very different. Take Germany for example. The auto industry there has been the bedrock of their economy ever since the end of ww2. It employs over 100,000 people directly, in the car factories, but many times that in all the supply chain related companies. It did represent 20% of Germany's gdp. This is very significant. All of this is now in jeopardy. Irrespective of exactly whose fault it is, the chinese auto industry could now, if unchecked, obliterate all of this. The social and economic cost would be huge. The German government has no choice but to protect its economy and it's people. When there is mass unemployment and social unrest, bad things happen. Populist leaders and right leaning governments thrive, and nationalism and xenophobia quickly take hold. I believe we've seen that before. In fact, this is already happening all over Europe, a worrying development. There are so many things at stake here, and this incredible and painful transition seems inevitable, but it still has to be managed very carefully. Although I agree broadly with what you're saying, I don't think the issues are simple or straightforward. This is all going to be an unprecedented era of change and chaos, and will affect everyone, whether they work in the car industry or not.
Chinese car makers receive about $4B a year in subsidies. There's no way anyone can compete with that. Not even Toyota, who receives huge subsidies every year.
Not true chinese companies in China barley test their new cars. Xiaomi lol just watched one crash no air bags came out the brakes failed. Watch China observer good chinese channel
They have to give their best in China in order to survive the hyper competitive Chinese domestic market. But Elon can enjoy the benefits of a super cushy US domestic market with fat margins and inflated stock prices.
I bought an Xpeng G6 which had several upgrade in software and made my driving experience pleasurable. been driving since 1994 with Ford Taurus, Acura TLX.. never even thought about buying a Chinese vehicle. So this is an extraordinary shift as they have the best value for money.
Mining lithium is a water guzzling extreme toxic pollution metal for the planets ocean and waters, it is way cheaper to mine toxic lithium than it is to recyle it and it is very difficult to recycle, this is why 99% is not, the pollution it causes to the planets ocean is not sustainable, its like a nuclear chernobl to the planets ocean every year, due to the heavy toxins and pollution in mining lithium, when a lithium car is still in the company assembly line it has already polluted more than a hydrogen fuel cell car that has been on the road for more than 125000 miles, the secret about hydrogen fuel cell cars is that each car actually cleans the air as it runs due to it`s clean watered electrolysis when released onto the atmosphere, hydrogen fuel cell cars have become remarkable cars with the new technology, fuel cell cars are the future not toxic lithium cars! we all have to start the switch!
I am in Mexico here. What battle ? Tesla is nowhere near as good as BYD. Tesla is done, there is no reason to buy an expensive subpar car anymore, unless you are an American
I feel like we didn't pay enough attention to the person who said US automakers aren't using the latest chip. If I'm buying a 50K car it better be at least as responsive as a $50 Raspberry Pi. And I'm tired of fighting for CarPlay, just include it. I don't trust carmakers to do literally anything.
They can use the chip, but don't have the software engineering prowess to utilize the capability. The best programmers went to the Silicon Valley and remained there. Big IT companies either have no interest in getting into manufacturing that is of low margins, or have tried but aborted (Apple), or - are busy shitificating their own products. This is a problem that runs deep.
@@JogBirdme too. I always dreamed about a car company that comes in and builds a utility model which is going to cost like $9,000 and it's going to have just four wheels and a transmission that pushes you around
@@SnakePlantCollector Data problem is quite easy to fix, just ask all foreign automakers build data centers in US. US auto and oil industry will still take a lethal hit if data barrier is overcome by Chinese automakers.
@SnakePlantCollector Tesla and other manufacturers collect data as well. Let's not act like they are any different than Chinese companies. TikTok ain't any more different than Facebook when it comes to data too.
China auto production is 30.16 million and auto sales is 30.09 million, it looks a little over capacity. On contract, Korea auto production number is over 4.2 million but sales is only 1.89 millions, Japan auto production number is over 9.9 millions and sales is only 4.78 millions. Don't you see Korea and Japan are so much over capacity than China? Why don't US penalize them for their over capacity? If China should get 100% import tax, shouldn't Korea and Japan get 1000%?
Everyone know USA government, media and whatever agency they have are tells lies and propaganda. Why so shock. USA destroy Iraq with excuse of WMD then they just show a pack of white powder (probably smells good) and claim that is the WMD, no? Still people have hope and expectation of accuracy and truth of USA government accusations? Xinjiang thing and others are all BS.
Simple answer. Almost all of the cars Hyundai and Toyota sell in the USA are made in factories here in the USA. Kia makes cars here in the USA, too, and a few models in Korea. Nissan and Mazda make cars sold in the USA in the USA and Mexico (some in Japan), Toyota makes a few there too, all under the NAFTA trade agreement. The majority of the parts for most of these USA or Mexico-made cars are made here in the USA and Mexico.
@@crosslink1493 No, the number above is made in Korea and Japan only, it doesn't include those made in other country. Toyota is the largest manufacture, it makes 11.5 million cars annually worldwide, of which 3.4 million are in Japan. Chinese manufactures are interested to have factories in USA and Mexico also, it's USA tries its better to block them out, who are you blaming here now?
They did not tell audience that BYD's success root in pure technology investment and they bet all their resources in new technology and finally paid off . their Plug in Hydrid EV made a major break in technology and turn around all situation .
@@mp3magnet You get Putin in Russia. 27 years in power and the country is still backward and weak militarily. In 3 years of war, russia can't conquer the Donbas region of Ukraine just across the border of Russia. 😥😥😥 In Chinaman's land you get Jinping a life president proud of being a communist that gives less freedom of opinion😥😥😥
@@mp3magnet You get Putin in russia. 27 years in power and Russia is still backward country with the GDP of Spain. Russia is also weak militarily. After 3 years of war, it still can't conquer the Donbas region of Ukraine just across it's border.
US government subsidies to oil companies is 100 billion dollars every five years! Subsidies for EVs and solar is close to one billion per year! How about tariffs on corporate political donations to congress, judicial and the executive branch?
According to the IMF 2023 figures, the US gov't direct fossile fuel subsidies in 2022 was $3B vs China's $270B. America's energy industry is largely self-sustaining and doesn't really need gov't subsidies, whereas in China, the gov't still spends $270+B year to enable cheap energy and overcapacity.
We don't care what subsidy. As long as the product is of good quality and its price is fair, we will buy and use it. Let those millionaires and billionaires go buy overpriced products.
Tesla “TSLA” shares surge with CEO Elon Musk's involvement in the US election seemingly pays off after President-elect Donald Trump's win. which stocks could potentially become the next in terms of growth over the next months. I've allocated $350k for lnvestment, looking for companies to make additions to boost performance.
Agreed, It's essential to diversify your portfolio. While quality stocks are a solid foundation, you should also consider other assets to spread risk. Thankfully, I can attest to the success of this approach aided by professional guidance seeing my portfolio of $330k grow by 40% this year alone... maybe you should do the same.
A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
How can I participate in this? I sincerely aspire to establish a secure financlal future and i'm eager to participate. Who is the driving force behind your success?
Exactly. Some aspects of China still share DNA with Soviet Union, but there is another side that is like what you said: capitalism on steroids. Companies ruthlessly competing, expanding and exploiting their workers. One fun fact: there is no real unions in China, while in capitalism US, some unions can hold the whole economy hostage.
Fun fact: for those who laugh at BYD standing for Build Your Dreams, let me tell you a story. When BYD was founded in 1995, it’s headquarter was located at YaDi (亚迪) Road, Shenzhen, China, so they named their company YaDi. However, the two words were already taken by other company, so they added a Bi (比)in front, and that's how BYD (BiYaDi 比亚迪) came about. So, Build Your Dreams was just an English motivational slogan they launch later. ----quoted from a TV interview to BYD founder Wang Chuanfu in 2019.
BYD is a huge cheater and scammer. They got this big by scamming investors, falsifying sales numbers, blatantly stealing intellectual property and getting huge handouts(cheap money) from Chinese government.
The US treasury subsidises the entire auto industry with $80 billion dollars, so let's not kid ourselves, the Chinese are not the only one's doing it and if American automakers worked harder to innovate and reduce costs as well as invested in better tech and factories, whilst not been allowed to rely on protectionism, so they can't move at their usual lazy pace, whatever happens to them they have it coming and deserve it. America is supposed to be a free market economy which produces innovation and lower costs through market pressure, it is as long as American execs do not have to work hard for there bonuses, otherwise it's lobbying time, this is the reason our cars are getting worse and increasing in price because they can rely on good old uncle Sam to protect them, why do you think our cars failed in Europe, yet Chinese cars are only becoming more popular, ask yourself?
This. And China even helped Tesla with building their gigafactory in Shanghai in like 9 months. The TSMC plant in Arizona was planned out in 2020 and they're looking to start producing chips in mid-2025 as an early estimate. I think that's more than fair of them to treat Tesla this way, when you compare things.
@@zuriyel5368 The original TSMC target was to start production in Arizona early this year. Construction Labor conflicts caused the delay. And now they will have problems hiring qualified engineers to man the shifts 😂
I my opinion US automobiles are not popular outside of US (and Canada) because automakers never wanted to get on board with improving fuel economy (for starters). NO ! Au contraire. Once again they lobbied government ($$$$$) to get their way and received exemptions for fuel economy mandates and a bunch of safety regulations for anything 'truck' (that's all pick up models) because they are supposed to be for businesses. Right. 🙄 Now the automakers are PUSHING pick-ups to the general public as being 'the safer' alternative. They are actually unsafer because they don't have the same safety features that 'normal' cars do and also, they make traffic as a whole unsafer (for everybody outside of a 'truck').
$ 9,000 are you crazy you can't touch a US made USV for less then 50K average.. a truck for 65K average and a mid size crap car for $ 30,000 US cars are way to expensive.. If BYD cones to America it will out sell everyone period hands down.., first day out the box.
I wish they would let us buy them, I have solar panels, and I would love to have free fuel and a new car for just $9000. I currently spend $150 on gas every week. How is it good for us to not have affordable electric cars and free fuel?
@ super cool! I’ve seen models for $15,000 online. It would almost be worth it to buy it in Mexico, take the tariff, and import it. But I’ve never seen one in the USA myself, so I don’t know if that would even be possible/legal
Yeah; almost all the EVs in the US are SUV. I don't want a SUV; we need more smaller EVs in the US that are affordable. It looks like BYD offers more smaller EVs than what's available to US consumers today from all manufacturers combined.
But they won't because they know the US auto industry would implode the moment they did that. US companies know they can't compete and are trying to exclude Chinese companies due to this.
I always wanted a Tesla but now I see a lot BYDs here in Colombia and they look pretty good. I wish we had better charging infrastructure and more EV government support
u can buy byd shark, its an ev with gasoline generator. so u can extend the range to 1000km (pure ev range just 80-100km enough for daily driving in thw xity
Hmm tesla seems to be doing fine to me byd margines are nothing compared to tesla sure you sell a cheap car but how long will it last its like merying the girl you like she's beautiful when you first ment but as soon as you are together she starts aging like milk in the hot summer sun 😂
@@mcsike7264 Actually, BYD poses a threat to Japanese and Korean automakers, rather than European and American ones. High-end brands like Li Auto, Huawei, and Xpeng are the ones that threaten European and American automakers.And American media and many Americans have not yet realized this issue."
It's all the data the Chinese government can demand and get through these cars. Remember EVs (and increasingly modern cars in general) are basically spy-in-a-box smartphones with seats and wheels. Think of how modern warfare is being fought through the eyes of cheap expendable drones, now have them roll by your house a couple times a day. And if you understand Chinese-language media, China has been practically at war with us for the past decade. We just don't realize what they've been saying in Mandarin this whole time.
When I went to Beijing and attended their auto show I was impressed with the BYD Song L. It is priced against the Tesla MY, but at $4K less with up to 662Km range and it has a more premium interior and fit and finish. If that car sold here in the US I would purchase that over any other brand!
Haven't people been calling for cheaper cars, but GM and Ford have been addicted to high profit trucks and SUVs? Haven't many of them eliminated sedans and they stopped making the Ford Focus? That addiction led to the all EVs being a luxury vehicle craze. Why don't they make a $15k EV Ford Focus? Ford is addicted to $80k F150s.
Not really.. Americans want large pickup trucks -- the avg selling price of a new vehicle is just under $50K, the most pouplar model the F-150, at avg price of $60K. Those who want cheaper cars buy slightly used for less. Small/compact vehicles, often under $25K, are not very popular in the US -- it's a small shrinking segment.
Not the same thing. They are cheap largely because their development has been funded by the Chinese government, and the raw materials are subsidized. They have developed a unique system of state sponsored capitalism to rapidly overtake western companies.
@@danielkudo4800 Just in short period , currently i saw many BYD ev on road of Jakarta (indonesia ) more than hyunday ev and wuling those came ealier .
The US always accuses China of its EV subsidies. But plz remember, no government has unlimited funds to subsidize, all the money subsidized by the government originates from taxes. Are Americans poorer than Chinese so that the US government doesnt get enough tax to subsidize their EV industry? No Is the US government printing less moeny than their Chinese counterpart so that they dont' have as much money to subsidize as China ? No The only reason is how each government spend their money differently. US government spend their money on subisidizing their military complex, or launching wars, while Chinese government spend their money on supporting their important industries such as EVs, batteries, solar panels,....
Hiding behind tariffs is exactly how the US car companies lose competition against Chinese cars. Not only US, German, and Japan car companies have already lost the Chinese market. And they are pushing to grow the markets in Europe. Eventually, US cars can only find its place in north American. The labour cost for a EV car company is only 10% of the sale price, so you cannot use Chinese cheap labour costs as an excuse. Innovate like they do, or US cars will find themselves nowhere to sell.
I think the US government is protecting its people/workers from losing jobs and the competition will be a landslide anyway if there is no tariff. It is sensible to buy some time for the US car companies and let them grow a bit before the real competition comes. Otherwise, it is like letting a child (US EV companies) compete with an adult (Chinese EV companies) and there will be no chance of real competition anyway.
Tariffs only hurt everyone. Can't wait to see the agony and anger that all the people who voted for him this time around in two years when inflation hits 20% from all of the tariffs he wants.
There was a time when a big block v8 was the real car while japanese cars with small displacements were considered "toys". fast forward to today, only an idiot would buy a ford over a toyota. In the early 90's owning a kia or hyundai would mean somewhere along the road, you might have made a few wrong choices in life. Fast forward to today they offer units that are often compared with European luxury cars. Nobody thinks about american cars when it's about luxury. nobody mentions any american car brands when talking about reliability. despite the propagandas spread against foreign competitors, american car brands failed to catch-up. Now china is gearing-up, what does america do? impose tariffs. instead of forcing its companies to do a better job, they made sure that the playing field ain't even. And it's people are left without any choice. despite how big a country america is, the world of an average american is quite small thanks to its government.
The legal obligation for corporations to profit above all other interests doesn't help. They're only able to screw over American workers so much due to legalized labor unions, so costs are passed to the consumer as higher prices for lower quality (aka engineered obsolescence).
China was for a long time the number 1 economy. The Qing dynasty lagged behind the west after the European industrial revolution. They shut their doors. Japan painfully went through their reforms over the Meiji era and modernised. China on the other hand resisted and finally had their doors forced open by western canons and guns. Today, we see the west doing what the Qing dynasty did. Afraid of competition and seemingly incapable of implementing painful reforms. Interesting times.
BYD is a huge cheater and scammer. They got this big by scamming investors, falsifying sales numbers, blatantly stealing intellectual property and getting huge handouts(cheap money) from Chinese government.
Remember, China bad US good, don't ask questions just consume Made In America (by overpaid, lazy union workers and their fent-addicted non-union counterparts)
Mining lithium is a water guzzling extreme toxic pollution metal for the planets ocean and waters, it is way cheaper to mine toxic lithium than it is to recyle it and it is very difficult to recycle, this is why 99% is not, the pollution it causes to the planets ocean is not sustainable, its like a nuclear chernobl to the planets ocean every year, due to the heavy toxins and pollution in mining lithium, when a lithium car is still in the company assembly line it has already polluted more than a hydrogen fuel cell car that has been on the road for more than 125000 miles, the secret about hydrogen fuel cell cars is that each car actually cleans the air as it runs due to it`s clean watered electrolysis when released onto the atmosphere, hydrogen fuel cell cars have become remarkable cars with the new technology, fuel cell cars are the future not toxic lithium cars! we all have to start the switch!
Sorry, but China already won the Global EV race. EV's like all consumer electronics are going cheap. EV's above $35,000 sales price is not justified going forward. EV's are going the way of laptops, TV's, computer monitors, smart watches, vacuums, tablet's, streaming devices, etc. Tesla dropped the ball by developing the Cybertruck and failing to deliver on the $30,000 EV. It's too late for Tesla.
It's not just Ev, these EV would decimate the US automobile market, and which would also lower Gas prices if they ever penetrate into the US market since there would be more charging stations than Gas stations.
Trump is dumb as a plank. Closed protective countries always die over time. Musk justvwants more government help. Without government help Tesla never survives but he now wants no one else to get them
Down here in Australia there are no car tariffs, and over the past 2 years the Chinese EV manufacturers have entered the market in a big way, especially BYD and MG. I have driven several of them and honestly came away stunned. The quality of their cars is insane, you only need to sit in one and drive it for 10minutes to know that legacy automakers are dead ducks. I was so impressed that I now own one (an MG4). The reason the Americans slapped tariffs on these things is that the American car CEOs know the truth - China has already won the race for EV tech. It's not even close.
the reason is because the goverment of china's subsidy reduces the cost , while the American independent companies are doing it themselves, now that Elon has Trump's backing he will rise for sure ,
Cheaper than most US cars period. Everything made today is this stupid monster truck SUV crap because it allows manufacturers to bypass mileage efficiency standards, set by idiots that think cars run on magic and farts.
Not so everywhere. Thailand car market is still conquered by Toyota which has around 33-40% in car sales (except the Motor Show and the Motor Expo events).
Went to Thailand and saw many Tesla and many BYD. Tesla was the classy businessman car, BYD was the classic communal car. Car ride services like uber (grab in Thailand) typically had BYD cars. They looked good, felt normal inside, and were quiet. It made me realize that in the USA, the car is such a pivotal point in breaking into the middle class, having a brand new car, an SUV for christ sake starting at 12,000 USD is insane. The ability to travel freely will greatly help bolster the lower class. It will break economic barriers if allowed into the USA. Cars will not be as much of status icons when they are a majority under 15,000 USD. I strongly believe in allowing chinese EVs into the USA.
Transportation is the single biggest driver of upward mobility, but space-hogging cars of any sort isn't the answer. The real solution lies in mass transit to handle routine commutes and popular demand centers (stadiums, shopping districts, the airport, etc).
I'm afraid you forgot, US is land of freedom and democracy, so you are only allowed to vote, there will be nothing else. Like all things in USA, you'd have to pay through the nose to enjoy freedom
BYD sells EV cars under $10,000. That's why US needs the 100% tariffs, if everyone in the US can buy cars with 10k no one is going to buy the Tesla autopilot craps.
I have a BYD Dolphin; the intelligent cruise control is good in traffic, but is a little jerky on corners. I hope that someone (Tesla?) eventually makes a self-driving module that can be dropped in - if Tesla can do that they will make a killing.
I'm not jumping into the EV market just yet. But if Warren Buffett likes BYD, there has to be something there, worth looking at. I'm going to keep an open mind here.
for years, america has been meddling with other countries affairs. It went on for too long that they forgot how to take care of themselves. america used to be the leader in almost everything. Never thought that a giant like boeing would be where it is today. nowadays, everything in america is made in china. and instead of giving its people better options, they impose tariffs? I'm old enough to know the reason why brands like Lexus, Acura, and infinity exist. and you'd think they would learn. fast forward to today, those cars that where once dubbed as "toys found in a cereal box" are still major players in the business.
That's just how the free market works. Some countries are better at producing certain things than others. Chinese cars are just the nail on the coffin for the US auto industry, before that the Japanese and Koreans were the first to take over the market. They produced a higher quality product for less- USA just cannot compete with that.
@ you right Luis the US sees that they are losing now the are trying to bully countries that they can’t beat fair and square. You know what happens to bullies? They get bloody noses. They allowed the technology transfers in favor of cheap labor and US CEO’s looked like geniuses in the short run however long run they created a monster.
In Germany BYD has had a good start into the market. I think they are only going to be more successful in our market in the future, depends a bit on what they launch in 2025.
@ It’s always been like that. I lived in the U.S. 20 years ago and bought a VW Passat there for half of what I would have paid in Germany. The only way VW was able to get a market share. The high domestic price subsidies the lower price in external markets. Except when you get subsidies from the government as a local manufacturer, like in China…
I am from India, and i recently saw the BYD and I was blown away, with what they have to offer at what price, I am really glad that there are Indian companies using battery tech from BYD like Mahindra & Mahindra (M&M) I hope the company grows they deserve better.
Who’s banning or tariffing whom from selling their cars into their market? That tells you all you need to know on who thinks their products are inferior to the other
It’s not about being inferior it’s about how china has an unfair advantage and able to sell their cars super cheap and easily take a loss on each one. They also are backed by the Chinese government
@@JDMSwervo2001 BYD profit margin is only around 5 % compared to tesla at 34 percent. Chinese strategy are always like that, they do not mind small profit margin as long as they can get volume
@@JDMSwervo2001 Well said. Plus, China had the advantage of free prison labor besides being an organ donor. Due to Economies of Scale, #America provides the highest profit of them all. Besides product sales, there is profit from Exchange Rates.
@@JDMSwervo2001 how is it unfair, when chinese goverment plans for 20 years to optimize its supply chain? Its not chinas fault that US auto makers spend all theyre money on stock buy backs, and CEO bonuses rather than innovating.
BYD is not the only good Chinese brand on sale here in Australia. MG has been selling well here, just ahead of BYD recently. The MG4 was designed in England but built in China for the export market rather than for Chinese sales. The R&D work done by the Chinese decades ago is paying off. Maybe other countries who want to make cars should take note.
you can feel proud that you’ve been supporting the large corporations manufacturing weapons and other military hardware. all part of being a patriotic American without even realising it.
I'm SO unsympathetic to the complaint that China subsidizes its EVs. Like...so what? The US subsidizes a lot of stuff too. China saw a market in which it wanted to encourage fast growth, so it deployed subsidies. It's not exactly a new idea. And now we as American consumers can't get in on it, because the US hasn't been as ambitious about EVs? Ugh.
Elon doesn't want that. That's why he has been so interested in the white house over the past few years. He knows Trump favors tariffs on Chinese vehicles. That keeps his biggest competition away from the US market.
They want you to drive American EV's which are more expensive because they choose not to make cheaper ones so their profits go up to buy back more of their stock and inflate the price.
As a BYD industrial Technician in the US, I can attest, these BYD's are changing the market. US industrial makers can NOT compete. Buyers are not concerned with longevity. Pricing is the key now.
BYD has been operating as taxi in Shenzhen for more than ten years. GM has been producing cars in China for more than 20 years. China consumers are not on a whim, they have chosen a good one.
Sure, that's why American buyers are buying Toyota because of their great resale value. BYD is a huge liability and the US is just out of the opportunistic early adopters with cash.
@@pearlrivers207thing is you should be careful buying into that sort of thing, we don't want to end up with yet another monopoly, which for some reason everything software related seems to create
@@davidgmaloof stupid. you mind is messed up. they're greedy to become the largest, but not greedy to over charge you. chinse product never over price. if byd become the largest, it's the best thing that can happy for whole world's customers.
@ don’t need to, I know exactly how they work and the Chinese have never been been able to make a reliable ICE. You think I’ll trust them with turbo charged application? Absolutely not.
I used to be obsessed with Tesla but now I can’t support Elon for being a simp for the Israeli genocide. Then I looked for other EVs and found byd offers amazing value and quality, much better than Tesla anyway. It’s a win win for me ❤
What US consumer didn't know, ALL legacy automakers except tesla like GM, toyota, nissan, hyundai, kia, Porsche, Ferrari etc ALL getting their battery or motor from china!!! How're they gonna be competitive?
Its mind blowing Warren Buffett N Charlie Munger is able to pick a one-in-a- hundred million entrepreneur more than 15years ago....its just incredible. Also remember, they have never invested in Tesla...
High possibility is that tesla can thrive with Elons ego, can also die cos of Elon's ego. If i were a stock holdler i will be worried since he produce half of his cars in china and get involved so deeply into politics
@ if Elon is too involved with many China hawk policies, do you think Chinese govt will be like," no worries your tesla business in China will not be influenced at all "?
Question: How much Chinese gov subsidize out of a BYD car? They fight like crazy for EVs supremacy. We the rest of the world simply need taxes for BYD cars, big taxes, and use these taxes to subsidize our EV manufacturing industry as well! This I call fairness!
Xenophobia is gonna screw Americans bigly. You keep dismissing Chinese products, and next thing you know, they have caught up or surpassed you. You think tariffs are gonna stop them? Don't get complacent. First they laughed at Japanese, then Korean, now Chinese. If history repeats, you can obviously guess what happens next.
@@MrRafagigapr XD By the way, this is how things are doing here in Bogotá (Colombia): you can rent a BYD for almost the same money as taking an Uber. What a wars we are witnessing...
When a chinese company does well, it'sa threat. When a usa company does well its a global success. Thx bloomberg
both companies are probably useless its all about money not science
Correct
In fairness. Ccp is playing the long game and who knows their intentions
@@Dan16673 Their intentions is to have Chinese people have the same buying power as the people in the west? why should white people be the only ones to enjoy living beyond their means off the backs of the labor of the poor?
🤣🤣🤣DOUBLE STANDARD 🤣🤣🤣TYPICAL AMERIKAREN TRADITIONAL CULTURE 🤣🤣🤣
The rise of BYD and other Chinese automakers is fascinating and shows how quickly markets can shift. As an investor, I’m keeping an eye on EV stocks, especially as competition heats up globally. While Tesla still has strong brand loyalty, BYD’s expansion and Buffett’s backing make it a compelling long-term play. It’s a reminder to diversify and stay adaptable in this ever-changing market.
I agree. Even with great opportunities, we should proceed cautiously. Seeking market analysis or advice from certified market strategists is important.
Her name is “CATERINA MARY CIARLANTE”. You can research her name to find the necessary details and set up an appointment.
为什么美国汽车企业不能得到最精明投资者的青睐呢？反而引来一大群目标短浅的政客的保护？
Oh!!!! Big guy, I saw this freight train coming at us 5yrs ago, I'm still broke as hell though. Until I decide to sell.
It's because the chinese government put like 300 billion into electric vehicles.
The US talked as if they didn't enjoy the Chinese subsidy themselves. For decades, GM, Ford, Toyota etc enjoyed subsidies from Chinese government in term of free usage of lands for their factories and low taxes. Tesla not only enjoyed the free land for its Gigafactory, it even enjoyed the EV subsidy launched by the Chinese gov to promote EV. We are not even talking about the subsidy they enjoyed in their homeland, the USA, courtesy of the US federal and states government.
China also didn't push them out of the Chinese market, they are losing market share due to their own incompetence. For years the Chinese government has been promoting EVs. When the world largest auto market, and your largest customer, said they want EV, you should have listened. Instead they rest on their laurels, thinking the Chinese can never catch up with their ICE cars tech, and that EV will never take off. They are right that the Chinese didn't catch up with their ICE cars, the Chinese never tried to, the Chinese just leaped ahead with EVs. Few years back, when the Chinese government wanted to set up the time table to ban ICE cars, the foreigners beg the Chinese government to give them more time. Years later, they still couldn't catch up, and climate change wait for no one. The foreign automakers performed so bad that even their Chinese partners are worried about them.
The overcapacity is also another BS concocted by the losers in the west. the Chinese only exported about 15% of their cars, while the Germans exported about 70% and the Japanese exported about 50% of their production. Who is the one with overcapacity problem?
Yes, the "overcapacity" kind of narrative is ridiculous. The US is just making up excuses to ban Chinese EVs, and Europe is "smart" enough to follow.
Lol. Silly rant that has no basis in reality. Chinese cars are junk and the world (except for the poor who can't afford anything better) know it. The overcapacity issue is real.
@@brocklanders6969 If Chinese cars are junk then why putting tariff?? Let consumers decide what best for them.... Isn't it??
@@shyamranger Doesn't work that way. China has reputation for making junk. US consumers demand high quality and safety. China has given $240 billion in subsidies to their EV makers and these companies pay slave wages. Once these issues are resolved, then entry into US market might be considered.
@@brocklanders6969 someone is still living in the last century, time to wake up
"Instead of producing better cars and providing the American consumer with higher value for their dollar let's just spend that money on lobbying lawmakers into preventing competition from entering our market". Free market my ass.
Meanwhile, GM CEO is enjoying high income.
@@jogana6909and testa was paying ten of billions to elmo for trolling on twitter 😂😂
The same happened with Solar Panel industry and Shipping industry, etc. The US gov have been making trade policies based on campaign contributions for years. This is what happened when government is privatized.
Exactly!!!!
Couldn't agree more.
@@roxylius7550 and sleepy joe didn't allow China to come into the American market bc he got bought out by elmo.
America: "Free markets and capitalism are great until someone else beats us at it."
It's only free markets when u,s amurica is leading the way.
They're not beating anyone, the cars are trash and we have higher standards
Im sure you did never touch a Chinese EV. 😂😂😂 talking something not even seen with your own eyes.
Yeah you're right @@DankSi
@@DankSiif you saying china cars are still low quality in 2024 , you are blind and fully indoctrinated by usa 😂
Don't just focus on BYD; go and search for brands like NIO and Li Auto. You will be amazed at how advanced the cars have become.
Also Huawei’s car
"Xiaomi's car will also amaze you, despite currently offering just one model called Mi Su7 on the market.
Nio is losing around 200 million dollars every month. only BYD and Tesla can build millions of EVs a year profitably. the others (including American startups and legacy automakers) are all in production and/or selling hell...
@@OlJackBurton Microsoft and Apple loosed money for almost 8 years before they made one cent profit
It is normal that you dont make profit in the beginning
I agree. I like the offerings from Zeekr and Xpeng and Aito
When you're a big country like America which was known for being the mighty world leader in industry, manufacturing and technology, and the only way you feel you can compete with Chinese companies is to double their prices with tariffs, you are essentially saying you're afraid and can't compete...essentially waiving the white flag. How the mighty have fallen!
WOW CNBC are MORONS! 3 BYD SPONSONIOUS EXPLODE ON FIRE A DAY IN CHINA!
The U.S. is only 4% of the global population. Western countries account for 12% of the global population. It's not that big. It's just loud
Trump has recognized this fact already and that is why he is buying some time for US companies. There is nothing wrong with that.
@@cate9963为美国企业争取的时间，中国企业就不发展了么😂😂😂，现实是残酷的，我认为差距会越来越大。
@@cate9963 However, this is unsolvable. Raising tariffs will only make Americans buy American cars, but it won't make American cars cheaper unless the dollar depreciates
They’ll blow up the competition with a 10k electric car. That’s what American car companies should be doing instead building 100,000 pick up trucks.
Mining lithium is a water guzzling extreme toxic pollution metal for the planets ocean and waters, it is way cheaper to mine toxic lithium than it is to recyle it and it is very difficult to recycle, this is why 99% is not, the pollution it causes to the planets ocean is not sustainable, its like a nuclear chernobl to the planets ocean every year, due to the heavy toxins and pollution in mining lithium, when a lithium car is still in the company assembly line it has already polluted more than a hydrogen fuel cell car that has been on the road for more than 125000 miles, the secret about hydrogen fuel cell cars is that each car actually cleans the air as it runs due to it`s clean watered electrolysis when released onto the atmosphere, hydrogen fuel cell cars have become remarkable cars with the new technology, fuel cell cars are the future not toxic lithium cars! we all have to start the switch!
Putting a 100% on Chinese EVs implies US lost the EV battle.
Yep.
💯 Americans would buy BYD at those prices if they were able to import them. Tesla wants protectionism, I believe in free competition
WOW CNBC are MORONS! 3 BYD SPONSONIOUS EXPLODE ON FIRE A DAY IN CHINA!
Tariff threats resulted in Honda and Toyota building cars in the USA creating thousands of jobs for Americans.
BYD is a huge cheater and scammer. They got this big by scamming investors, falsifying sales numbers, blatantly stealing intellectual property and getting huge handouts(cheap money) from Chinese government.
My wife and I were really impressed with the BYD cars used as taxis in Bangkok. Quality of build was evident. That, and the ride were remarkable.
You are 65 and she is 25 yo
Japanese cars in Thailand are being forced to cut prices because they have to cope with fierce competition from BYD.
Such competition is beneficial to all consumers.
@@jogana6909Japanese cars are sold at 200% price in Thailand for 30 years.
Slava HYUNDAI 🦾 Heroyam Kia and Genesis 😎 Kim Jong Un
same If I buy a car, it would be one of those; they are remarkable.
Thank goodness the government has been "protecting" me from good quality affordable cars. I LOVE the "choice" of buying either an SUV or pickup for 60-80k that is designed with a lifespan of less than 100k miles.
You're keeping jobs in the US and supporting freedom and democracy. You should be proud to be a patriotic American consumer
@@azzamatic4190Freedom and democracy should make economic sense for us. We are not stupid.
@@azzamatic4190 Is that sarcasm i detect?
@@VG-Motors Not sarcasm to stupid people lol
Tesla promised us a sub 30k electric vehicle years ago. What did we get instead? The Cybertruck! 🙄
You must be regarded to think that Musk is ANYTHING but a hype guy. He's an attention ho. He says the most outrageous clickbait things to get eyes on him. The only reason why he's rich is because he kept his paypal shares and used that to catapult himself into the ruling class. He was actually autistic enough to hold onto a company that may or may not fail. For every Elon Musk, there are hundreds of guys like him. Most of them you don't hear because they weren't lucky to hold onto their golden egg company that became a billion dollar company.
Edit: Thomas John Mueller was the Brains behind SpaceX. Musk is like Edison who had guys like Mueller work for him. Musk took all the credit while men like Mueller was obscured into history. Funny enough Musk named his company, Tesla, when he was just like Edison.
Yea he most likely meant sub $30k after state and local tax incentives😂
@@PrecursorYang What about SpaceX, SpaceX has revolutionized spaceflight by developing reusable rockets, significantly reducing launch costs and increasing access to space. Notably, the Falcon 1 became the first privately funded, liquid-fueled rocket to reach orbit in 2008, and the Falcon 9's reusable first stage has been successfully landed and reflown multiple times, exemplifying their innovative approach. Mus is an innovator for sure.
There is no.margims in a 30k car. That's why BYD got low margins.
@PraveenCJRegina Musk is like Thomas Edison. A good businessman who knows how to market. Thomas John Mueller is the guy behind space X. He design the space X engine. You could say that he is Nikola Tesla. Funny enough, Musk named his company Tesla. Musk is doing the same thing as Edison when he hired Tesla to work for him. Look up Thomas Mueller.
I own a BYD Seal. fantastic car, good value even with the inflated price we pay here in Australia. Legacy auto got caught sleeping, and now they're crapping their pants, tugging at governments aprons, hence the tariffs, and accusations of "government subsidies" of Chinese auto, while they themselves gobble up taxpayer money.
WOW CNBC are MORONS! 3 BYD SPONSONIOUS EXPLODE ON FIRE A DAY IN CHINA!
Yes, mostly true, but ... Australia is quite a unique market, and has no plausible reasons to block or impair the mass import of Chinese cars, ev or otherwise. You have great solar energy too, so it all makes sense. But the most important thing, is that you don't have a native car industry any more. That makes a huge difference.
But .... the perspective from Europe or the US is very different. Take Germany for example. The auto industry there has been the bedrock of their economy ever since the end of ww2. It employs over 100,000 people directly, in the car factories, but many times that in all the supply chain related companies. It did represent 20% of Germany's gdp. This is very significant. All of this is now in jeopardy. Irrespective of exactly whose fault it is, the chinese auto industry could now, if unchecked, obliterate all of this. The social and economic cost would be huge. The German government has no choice but to protect its economy and it's people.
When there is mass unemployment and social unrest, bad things happen. Populist leaders and right leaning governments thrive, and nationalism and xenophobia quickly take hold. I believe we've seen that before. In fact, this is already happening all over Europe, a worrying development.
There are so many things at stake here, and this incredible and painful transition seems inevitable, but it still has to be managed very carefully.
Although I agree broadly with what you're saying, I don't think the issues are simple or straightforward.
This is all going to be an unprecedented era of change and chaos, and will affect everyone, whether they work in the car industry or not.
@@richardconway6425do you know that Germany voted against the tariff in EU?😂😂
@@richardconway6425当西方国家大力倡导自由贸易的时候，他们有没有想过发展中国家的产业和社会会不会遭受同样的问题？发生在别人身上就是合理的是社会进步过程中的短痛，发生在自己身上就是生死攸关😂😂😂
Chinese car makers receive about $4B a year in subsidies. There's no way anyone can compete with that. Not even Toyota, who receives huge subsidies every year.
even Tesla. The quality of Teslas made in China is also better than those made in the US
Not true chinese companies in China barley test their new cars. Xiaomi lol just watched one crash no air bags came out the brakes failed. Watch China observer good chinese channel
true，far better. when us made tesla sale to china, the quality is very bad.
yes, i own both, can confirm
They have to give their best in China in order to survive the hyper competitive Chinese domestic market. But Elon can enjoy the benefits of a super cushy US domestic market with fat margins and inflated stock prices.
China: Working on EV for 30 years..
America: Oh No, we never saw that coming!
America: where my Cannabis !!!
Petrodollar
@@worldpeacenoplaceforhypocr8254:we have some , hands full,.😅Canadian
Lies.
That’s simply not true.
Don't mean to burst your bubble but BYDs have been popular here in Australia for at least the last two years, they're everywhere here.
well unbelievable Australia has survived until now since some people say chinese evs are such great national security risks
Its a shame you're stuck driving a BYD Shark and will never experience the superiority of a Tesla Cybertruck
@@azzamatic4190😂😂
@@azzamatic4190 CyberRUST 😂😅😅
I'll stick with ma hemi 💪
I bought an Xpeng G6 which had several upgrade in software and made my driving experience pleasurable. been driving since 1994 with Ford Taurus, Acura TLX.. never even thought about buying a Chinese vehicle. So this is an extraordinary shift as they have the best value for money.
Mining lithium is a water guzzling extreme toxic pollution metal for the planets ocean and waters, it is way cheaper to mine toxic lithium than it is to recyle it and it is very difficult to recycle, this is why 99% is not, the pollution it causes to the planets ocean is not sustainable, its like a nuclear chernobl to the planets ocean every year, due to the heavy toxins and pollution in mining lithium, when a lithium car is still in the company assembly line it has already polluted more than a hydrogen fuel cell car that has been on the road for more than 125000 miles, the secret about hydrogen fuel cell cars is that each car actually cleans the air as it runs due to it`s clean watered electrolysis when released onto the atmosphere, hydrogen fuel cell cars have become remarkable cars with the new technology, fuel cell cars are the future not toxic lithium cars! we all have to start the switch!
I am in Mexico here. What battle ? Tesla is nowhere near as good as BYD.
Tesla is done, there is no reason to buy an expensive subpar car anymore, unless you are an American
@@clorox1972 Now, you know why #Tesla didn't mind sharing IP with Chinese govt. Guess who has a better vision? 😂
Btw, ♥️♥️ #Clorox wipes.
@BelleLopez312 SORRY their are no evidence to back up that claim. If it not come out of musk mouth. Please do not put your words in musk mouth
lol ... yeah ok
@@JT_771fuck yeah ok. Chinese EVs are better than Tesla and I say that as a Tesla fan
Australia has an open car import policy and we are seeing more BYDs on our roads today than Teslas.
I feel like we didn't pay enough attention to the person who said US automakers aren't using the latest chip. If I'm buying a 50K car it better be at least as responsive as a $50 Raspberry Pi. And I'm tired of fighting for CarPlay, just include it. I don't trust carmakers to do literally anything.
im the opposite, i would love a dumb car, but, with an electric drivetrain
You have no understanding of technology based on that comment.
They can use the chip, but don't have the software engineering prowess to utilize the capability. The best programmers went to the Silicon Valley and remained there. Big IT companies either have no interest in getting into manufacturing that is of low margins, or have tried but aborted (Apple), or - are busy shitificating their own products. This is a problem that runs deep.
@@JogBird problem is majority of the buyers dont want a dumb car
@@JogBirdme too. I always dreamed about a car company that comes in and builds a utility model which is going to cost like $9,000 and it's going to have just four wheels and a transmission that pushes you around
I dislike that American politicians don't allow affordable, quality Chinese electric vehicles in the US.
For a good reason,though. It's all about data.
@@SnakePlantCollector Data problem is quite easy to fix, just ask all foreign automakers build data centers in US. US auto and oil industry will still take a lethal hit if data barrier is overcome by Chinese automakers.
@@pearlrivers207 but how can we make sure the data remains in the data center in the US?
@SnakePlantCollector Tesla and other manufacturers collect data as well. Let's not act like they are any different than Chinese companies. TikTok ain't any more different than Facebook when it comes to data too.
@@SnakePlantCollector Why can Chinese enjoy using all Apple products and all Tesla cars in China without fear?
This is How a Documentary should be done unbiased and transparent. Well done CNBC! 9.5/10...
~If it were the BBC, BYD would be described as a "communist devil". They are used to demonizing everything in China~
China auto production is 30.16 million and auto sales is 30.09 million, it looks a little over capacity.
On contract, Korea auto production number is over 4.2 million but sales is only 1.89 millions, Japan auto production number is over 9.9 millions and sales is only 4.78 millions. Don't you see Korea and Japan are so much over capacity than China? Why don't US penalize them for their over capacity? If China should get 100% import tax, shouldn't Korea and Japan get 1000%?
Everyone know USA government, media and whatever agency they have are tells lies and propaganda. Why so shock. USA destroy Iraq with excuse of WMD then they just show a pack of white powder (probably smells good) and claim that is the WMD, no? Still people have hope and expectation of accuracy and truth of USA government accusations? Xinjiang thing and others are all BS.
Have You heard of the Chinese Exclusion Act? We Amerikkkants love this kind of racial based policies! Amerikkka First! Trump President for life!!!
Vì Nhật Bản và Nam Triều Tiên là đồng minh của Mỹ!😂
Simple answer. Almost all of the cars Hyundai and Toyota sell in the USA are made in factories here in the USA. Kia makes cars here in the USA, too, and a few models in Korea. Nissan and Mazda make cars sold in the USA in the USA and Mexico (some in Japan), Toyota makes a few there too, all under the NAFTA trade agreement. The majority of the parts for most of these USA or Mexico-made cars are made here in the USA and Mexico.
@@crosslink1493 No, the number above is made in Korea and Japan only, it doesn't include those made in other country. Toyota is the largest manufacture, it makes 11.5 million cars annually worldwide, of which 3.4 million are in Japan. Chinese manufactures are interested to have factories in USA and Mexico also, it's USA tries its better to block them out, who are you blaming here now?
They did not tell audience that BYD's success root in pure technology investment and they bet all their resources in new technology and finally paid off . their Plug in Hydrid EV made a major break in technology and turn around all situation .
CEO in major of battery, the company find many way to survive during last 3 decades, include cell phone assembling. They are finally being paid off 🎉
Hey, I want to start investing but don't know where to begin. Any advice or contacts for help?
It's wise to seek professional guidance when building a strong financial portfolio due to its complexity.
Same, I met Mrs Anna duke last
year for the first time at a conference in
Manchester, after then my family
changed for good. God bless Mrs Anna
Investing $15,000 and received $174,000
YES!!! That's exactly her name (Mrs Anna) so many people have
recommended highly about her and am
just starting with her 😊 from United States
Please who is this Mrs Anna
This sounds so good and I would like to
be a party to this, is there any wayl can
speak with her?
Some cars in the U S are going for $100,000. I realized how much i was being duped after learning about BYD. Give me the BYD already
How to keep the high profits of local car companies and the gdp of the United States by selling your cheap car?
@@ILIVEAGOODLIFE How is the weather in Wuhan today, Cheng?
You get BIDen in US
@@mp3magnet You get Putin in Russia. 27 years in power and the country is still backward and weak militarily. In 3 years of war, russia can't conquer the Donbas region of Ukraine just across the border of Russia. 😥😥😥
In Chinaman's land you get Jinping a life president proud of being a communist that gives less freedom of opinion😥😥😥
@@mp3magnet You get Putin in russia. 27 years in power and Russia is still backward country with the GDP of Spain. Russia is also weak militarily. After 3 years of war, it still can't conquer the Donbas region of Ukraine just across it's border.
US government subsidies to oil companies is 100 billion dollars every five years! Subsidies for EVs and solar is close to one billion per year! How about tariffs on corporate political donations to congress, judicial and the executive branch?
According to the IMF 2023 figures, the US gov't direct fossile fuel subsidies in 2022 was $3B vs China's $270B. America's energy industry is largely self-sustaining and doesn't really need gov't subsidies, whereas in China, the gov't still spends $270+B year to enable cheap energy and overcapacity.
We don't care what subsidy. As long as the product is of good quality and its price is fair, we will buy and use it.
Let those millionaires and billionaires go buy overpriced products.
@@jrkr7357 Hahaahahahahahh
last time I was told that is socialism! ha....................................
@@tooltalk Stop pointing out that communism is worse. That's not fair!
Tesla “TSLA” shares surge with CEO Elon Musk's involvement in the US election seemingly pays off after President-elect Donald Trump's win. which stocks could potentially become the next in terms of growth over the next months. I've allocated $350k for lnvestment, looking for companies to make additions to boost performance.
I'd advise you redistribute assets in your portfolio with the help of a pro so you don't get burnt in the market
Agreed, It's essential to diversify your portfolio. While quality stocks are a solid foundation, you should also consider other assets to spread risk. Thankfully, I can attest to the success of this approach aided by professional guidance seeing my portfolio of $330k grow by 40% this year alone... maybe you should do the same.
A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
How can I participate in this? I sincerely aspire to establish a secure financlal future and i'm eager to participate. Who is the driving force behind your success?
Julianne Iwersen Niemann can't divulge much. Most likely, the internet should have her basic info, you can research if you like.
Communist China is capitalism on steroids. The cut-throat competition of China seems to make the capitalist USA look like the Soviet Union. 🤣
WOW CNBC are MORONS! 3 BYD SPONSONIOUS EXPLODE ON FIRE A DAY IN CHINA!
Exactly. Some aspects of China still share DNA with Soviet Union, but there is another side that is like what you said: capitalism on steroids. Companies ruthlessly competing, expanding and exploiting their workers. One fun fact: there is no real unions in China, while in capitalism US, some unions can hold the whole economy hostage.
It’s not competition - it’s state sponsored dumping.
@@niftynigesure China subsidized all the way up for the last 40 years
@@niftynige Dumping: ( adjective ) gaining, resulting in, or relating to victory in a contest or competition
One gov invest into the future. The other invest into wars.
Fun fact: for those who laugh at BYD standing for Build Your Dreams, let me tell you a story. When BYD was founded in 1995, it’s headquarter was located at YaDi (亚迪) Road, Shenzhen, China, so they named their company YaDi. However, the two words were already taken by other company, so they added a Bi (比)in front, and that's how BYD (BiYaDi 比亚迪) came about. So, Build Your Dreams was just an English motivational slogan they launch later.
----quoted from a TV interview to BYD founder Wang Chuanfu in 2019.
in Chinese versio in pinyin : Bi You Di, which means price is less than gas car.
BYD is a huge cheater and scammer. They got this big by scamming investors, falsifying sales numbers, blatantly stealing intellectual property and getting huge handouts(cheap money) from Chinese government.
@@sui-yu-er-an To be fair they made ICE cars for a decade before the EVs become popular
BYD = "bring your dollars"
@@charleskramer6189
Heck yeah, however many they want, I'm wealthy 😂
The US treasury subsidises the entire auto industry with $80 billion dollars, so let's not kid ourselves, the Chinese are not the only one's doing it and if American automakers worked harder to innovate and reduce costs as well as invested in better tech and factories, whilst not been allowed to rely on protectionism, so they can't move at their usual lazy pace, whatever happens to them they have it coming and deserve it.
America is supposed to be a free market economy which produces innovation and lower costs through market pressure, it is as long as American execs do not have to work hard for there bonuses, otherwise it's lobbying time, this is the reason our cars are getting worse and increasing in price because they can rely on good old uncle Sam to protect them, why do you think our cars failed in Europe, yet Chinese cars are only becoming more popular, ask yourself?
This. And China even helped Tesla with building their gigafactory in Shanghai in like 9 months. The TSMC plant in Arizona was planned out in 2020 and they're looking to start producing chips in mid-2025 as an early estimate.
I think that's more than fair of them to treat Tesla this way, when you compare things.
@@zuriyel5368 The original TSMC target was to start production in Arizona early this year. Construction Labor conflicts caused the delay. And now they will have problems hiring qualified engineers to man the shifts 😂
Most of the 80 Billion dollar went into the pockets of company executives and very less into R and D
I my opinion US automobiles are not popular outside of US (and Canada) because automakers never wanted to get on board with improving fuel economy (for starters). NO ! Au contraire. Once again they lobbied government ($$$$$) to get their way and received exemptions for fuel economy mandates and a bunch of safety regulations for anything 'truck' (that's all pick up models) because they are supposed to be for businesses. Right. 🙄 Now the automakers are PUSHING pick-ups to the general public as being 'the safer' alternative. They are actually unsafer because they don't have the same safety features that 'normal' cars do and also, they make traffic as a whole unsafer (for everybody outside of a 'truck').
Very well said. 👍Couldn't agree more.
i am a very happy BYD Seal owner, best car i have owned! I am in Australia.
$ 9,000 are you crazy you can't touch a US made USV for less then 50K average.. a truck for 65K average and a mid size crap car for $ 30,000 US cars are way to expensive.. If BYD cones to America it will out sell everyone period hands down.., first day out the box.
Right? Wish they would allow them. This I bs we have to how this expensive cheap here
I wish they would let us buy them, I have solar panels, and I would love to have free fuel and a new car for just $9000. I currently spend $150 on gas every week. How is it good for us to not have affordable electric cars and free fuel?
Can"t wait for that.
US company charge more to cater to wall-street and make more profit
@@lalodaniels1388We're only here to enrich the 1%.
They are scared. Same people who've been shipping cars all over the world for decades. China's time is now.
I want a BYD vehicle. As a consumer, I can’t wait until they re here in the USA
I just bought one for $30K in my country. Best value for money than Japanese or European cars for sure!
@ super cool! I’ve seen models for $15,000 online. It would almost be worth it to buy it in Mexico, take the tariff, and import it. But I’ve never seen one in the USA myself, so I don’t know if that would even be possible/legal
If I was in the market for an EV I would choose a BYD over a Tesla and I’m American, they need to start selling their EVs in the USA
Agreed. Never Tesla for me
Yeah; almost all the EVs in the US are SUV. I don't want a SUV; we need more smaller EVs in the US that are affordable. It looks like BYD offers more smaller EVs than what's available to US consumers today from all manufacturers combined.
The statement should be "USA should allow them to sell their EVs in the USA"
But they won't because they know the US auto industry would implode the moment they did that. US companies know they can't compete and are trying to exclude Chinese companies due to this.
the only EV SUV in the US is the Rivian. There's no other EV SUVs really on the market anywhere
I always wanted a Tesla but now I see a lot BYDs here in Colombia and they look pretty good. I wish we had better charging infrastructure and more EV government support
u can buy byd shark, its an ev with gasoline generator. so u can extend the range to 1000km (pure ev range just 80-100km enough for daily driving in thw xity
BYD is better
Tesla ride like a garbage can
BYD understood the importance of battery technology in the new EV landscape
Tesla can’t compete with BYD, the vast array of models, low costs, Tesla’s answer … the Cybertruck.
Hmm tesla seems to be doing fine to me byd margines are nothing compared to tesla sure you sell a cheap car but how long will it last its like merying the girl you like she's beautiful when you first ment but as soon as you are together she starts aging like milk in the hot summer sun 😂
You forgot the delusional cybercab😂😂😂
@@mcsike7264tesla is a fraud company you will see in the near future it's demise 😂😂😂
@warsamaosman-Sool i mean they made the cyber truck so I don't see why they can't make that
@@mcsike7264 Actually, BYD poses a threat to Japanese and Korean automakers, rather than European and American ones. High-end brands like Li Auto, Huawei, and Xpeng are the ones that threaten European and American automakers.And American media and many Americans have not yet realized this issue."
I checked out the BYD Seal in Mexico and it is very underrated. I can see why people are scared of China 🇨🇳 😱 😂
What do you mean it's "underrated"? Everything I've seen, including this video, says it's a great car.
@@gigglybeastWesterners still think it’s 2007 and they believe all Chinese tech is garbage or cheap
@You are so right it’s an exceptional car that is very affordable. I’m trying to find a way to bring one legally into the states 😊
It's all the data the Chinese government can demand and get through these cars. Remember EVs (and increasingly modern cars in general) are basically spy-in-a-box smartphones with seats and wheels.
Think of how modern warfare is being fought through the eyes of cheap expendable drones, now have them roll by your house a couple times a day.
And if you understand Chinese-language media, China has been practically at war with us for the past decade. We just don't realize what they've been saying in Mandarin this whole time.
@@gigglybeast no its very overrated
When I went to Beijing and attended their auto show I was impressed with the BYD Song L. It is priced against the Tesla MY, but at $4K less with up to 662Km range and it has a more premium interior and fit and finish. If that car sold here in the US I would purchase that over any other brand!
Haven't people been calling for cheaper cars, but GM and Ford have been addicted to high profit trucks and SUVs? Haven't many of them eliminated sedans and they stopped making the Ford Focus? That addiction led to the all EVs being a luxury vehicle craze. Why don't they make a $15k EV Ford Focus? Ford is addicted to $80k F150s.
Not really.. Americans want large pickup trucks -- the avg selling price of a new vehicle is just under $50K, the most pouplar model the F-150, at avg price of $60K. Those who want cheaper cars buy slightly used for less. Small/compact vehicles, often under $25K, are not very popular in the US -- it's a small shrinking segment.
@@tooltalkwhy is that when they say Americans are so poor and can’t afford McDonald’s?
Not the same thing. They are cheap largely because their development has been funded by the Chinese government, and the raw materials are subsidized. They have developed a unique system of state sponsored capitalism to rapidly overtake western companies.
@@dcl97Chinas economy is structured like how the U.S. economy was structured during WWII.
@@dcl97 mercantilism
BYD is winning also in Singapore, Thailand and Indonesia leaving Tesla and other brands in the dust
Nah, Indonesian market dominated by Japanese Cars and the Chinese one is Wuling. BYD needs time to make it through in here
@@danielkudo4800 He means the EV market.
Winning but for well-endowed trickle few. Great majority of us here have not seen any BYD electric public buses.
@@danielkudo4800 Just in short period , currently i saw many BYD ev on road of Jakarta (indonesia ) more than hyunday ev and wuling those came ealier .
Haha disinformation at its finest… keep spreading cancer on the internet 😂
The US always accuses China of its EV subsidies. But plz remember, no government has unlimited funds to subsidize, all the money subsidized by the government originates from taxes.
Are Americans poorer than Chinese so that the US government doesnt get enough tax to subsidize their EV industry? No
Is the US government printing less moeny than their Chinese counterpart so that they dont' have as much money to subsidize as China ? No
The only reason is how each government spend their money differently.
US government spend their money on subisidizing their military complex, or launching wars, while Chinese government spend their money on supporting their important industries such as EVs, batteries, solar panels,....
Hiding behind tariffs is exactly how the US car companies lose competition against Chinese cars. Not only US, German, and Japan car companies have already lost the Chinese market. And they are pushing to grow the markets in Europe. Eventually, US cars can only find its place in north American. The labour cost for a EV car company is only 10% of the sale price, so you cannot use Chinese cheap labour costs as an excuse. Innovate like they do, or US cars will find themselves nowhere to sell.
I think the US government is protecting its people/workers from losing jobs and the competition will be a landslide anyway if there is no tariff. It is sensible to buy some time for the US car companies and let them grow a bit before the real competition comes. Otherwise, it is like letting a child (US EV companies) compete with an adult (Chinese EV companies) and there will be no chance of real competition anyway.
Tariffs only hurt everyone. Can't wait to see the agony and anger that all the people who voted for him this time around in two years when inflation hits 20% from all of the tariffs he wants.
I'd buy a byd. Hell yeah, when can I buy one?
(Australia) I have a BYD Dolphin, upgraded from a Prius - for me it's an awesome car that blows the previous one away in almost every criteria.
I just came back from Guadalajara and it shocked me the amount of cars and trucks there were. BYD's left and right!
There was a time when a big block v8 was the real car while japanese cars with small displacements were considered "toys". fast forward to today, only an idiot would buy a ford over a toyota.
In the early 90's owning a kia or hyundai would mean somewhere along the road, you might have made a few wrong choices in life. Fast forward to today they offer units that are often compared with European luxury cars.
Nobody thinks about american cars when it's about luxury. nobody mentions any american car brands when talking about reliability. despite the propagandas spread against foreign competitors, american car brands failed to catch-up.
Now china is gearing-up, what does america do? impose tariffs. instead of forcing its companies to do a better job, they made sure that the playing field ain't even. And it's people are left without any choice.
despite how big a country america is, the world of an average american is quite small thanks to its government.
The legal obligation for corporations to profit above all other interests doesn't help. They're only able to screw over American workers so much due to legalized labor unions, so costs are passed to the consumer as higher prices for lower quality (aka engineered obsolescence).
If US automakers want to be competitive better lower prices. It’s ridiculous to be paying 60-80K for a new car these days. Corporate greeds!
WOW CNBC are MORONS! 3 BYD SPONSONIOUS EXPLODE ON FIRE A DAY IN CHINA!
Today 100% tariff on EV, tomorrow on GPS service, Computer OS, Mobile OS, and etc. losing more and more battle fields.
Today China's real-estate sector; tomorrow China's export sector; no more access to GPU/AI/Datacenter.. losing more and more.
@@tooltalk haha, China has collapsed ever since 1980s, but US takes it as the biggest competitor and even
threat today.
China was for a long time the number 1 economy. The Qing dynasty lagged behind the west after the European industrial revolution. They shut their doors. Japan painfully went through their reforms over the Meiji era and modernised. China on the other hand resisted and finally had their doors forced open by western canons and guns.
Today, we see the west doing what the Qing dynasty did. Afraid of competition and seemingly incapable of implementing painful reforms.
Interesting times.
We like the good competition! Good for the people !
BYD went from 'build your dreams' to 'built your dreams'
The American car industry had a great run. Being Too proud and not upgrading its own products ends up killing themselves!
And the "not upgrading its own products" will continue thanks to the US tariffs on Chinese EVs.
Detroit big 3 do not make good cars, period. Let free market speak!
All I am hearing that US can't compete with China and Chinese car's are more advance and cheaper 😂
All you are hearing is the truth. Otherwise, why 100% tariff on Chinese EVs?
Because the truth is painful for MAGA.
@@jetscreamer1seems like an American problem, not a MAGA problem.
WOW CNBC are MORONS! 3 BYD SPONSONIOUS EXPLODE ON FIRE A DAY IN CHINA!
Yes, exactly
Chinese has not only cheaper, but better Car companies.
I agree. Feel sorry for USA who cant get them.
Not really, most of them are not profitable. BYD is. This video says it.
Imagine buying a GM or Ford or stellantis. Eew
WOW CNBC are MORONS! 3 BYD SPONSONIOUS EXPLODE ON FIRE A DAY IN CHINA!
BYD is a huge cheater and scammer. They got this big by scamming investors, falsifying sales numbers, blatantly stealing intellectual property and getting huge handouts(cheap money) from Chinese government.
So I learned that; BYD - overcapacity, Tesla - American exceptionalism.
Remember, China bad US good, don't ask questions just consume Made In America (by overpaid, lazy union workers and their fent-addicted non-union counterparts)
If that was the message you extracted from this report... You're a critical reasoning skills need refreshing if not total revamping.
@@ThomasFromTNmay need to turn up your sarcasm dial…😅
I live in China and let me tell you BYD IS THE FUTURE !!!!
when I buy my home car it’s going to definitely be BYD
I prefer the brand icar
Mining lithium is a water guzzling extreme toxic pollution metal for the planets ocean and waters, it is way cheaper to mine toxic lithium than it is to recyle it and it is very difficult to recycle, this is why 99% is not, the pollution it causes to the planets ocean is not sustainable, its like a nuclear chernobl to the planets ocean every year, due to the heavy toxins and pollution in mining lithium, when a lithium car is still in the company assembly line it has already polluted more than a hydrogen fuel cell car that has been on the road for more than 125000 miles, the secret about hydrogen fuel cell cars is that each car actually cleans the air as it runs due to it`s clean watered electrolysis when released onto the atmosphere, hydrogen fuel cell cars have become remarkable cars with the new technology, fuel cell cars are the future not toxic lithium cars! we all have to start the switch!
Sorry, but China already won the Global EV race. EV's like all consumer electronics are going cheap. EV's above $35,000 sales price is not justified going forward. EV's are going the way of laptops, TV's, computer monitors, smart watches, vacuums, tablet's, streaming devices, etc. Tesla dropped the ball by developing the Cybertruck and failing to deliver on the $30,000 EV. It's too late for Tesla.
And Musk is not a good person. Why giving him money
No need to be sorry LOL, Feel pity to those DELULU Americano
At some point its a good thing, if theres no chinese capacity for eletronic products, maybe only upper middle class can afford big screen tv, ac, etc
@@tedwong7037lol you can buy a 85 inch for under 1k. Low class people can afford one
It's not just Ev, these EV would decimate the US automobile market, and which would also lower Gas prices if they ever penetrate into the US market since there would be more charging stations than Gas stations.
In short - America doesn't want competetors... whether automobile, defence, tech..!!
Trump is dumb as a plank. Closed protective countries always die over time. Musk justvwants more government help. Without government help Tesla never survives but he now wants no one else to get them
Down here in Australia there are no car tariffs, and over the past 2 years the Chinese EV manufacturers have entered the market in a big way, especially BYD and MG. I have driven several of them and honestly came away stunned. The quality of their cars is insane, you only need to sit in one and drive it for 10minutes to know that legacy automakers are dead ducks. I was so impressed that I now own one (an MG4).
The reason the Americans slapped tariffs on these things is that the American car CEOs know the truth - China has already won the race for EV tech. It's not even close.
the reason is because the goverment of china's subsidy reduces the cost , while the American independent companies are doing it themselves, now that Elon has Trump's backing he will rise for sure ,
Why does China pay subsidies to Australian consumers? Think more.
Byd sells cars for 11k.. even with a 100 or 200% tarriff it’s still cheaper than most US EVs lol
WOW CNBC are MORONS! 3 BYD SPONSONIOUS EXPLODE ON FIRE A DAY IN CHINA!
So they've increased the sanctions and banned all imports.
Yeah but it comes down to support. Will they service the car after its sold ?
Cheaper than most US cars period.
Everything made today is this stupid monster truck SUV crap because it allows manufacturers to bypass mileage efficiency standards, set by idiots that think cars run on magic and farts.
new Camry in China about 20k USD（about 150k Chinese Yuan）。You know，BYD is cheaper than Toyota。
When Elon says Chinese car manufacturers will globally destroy all other manufacturers because they're pretty good
10 years ago, this clown was mocking and laughing about Chinese cars. Now who's laughing ?
Ford ceo loves Xiaomi electric car.
Jim Farley, Ford's CEO drives a Xiaomi SU7 EV and says he doesn't want to drive another car. Let that sink in for a minute
I can now see BYD daily here in manila and when i went to thailand its everywhere. I will also buy a BYD next year looking forward to it
Not so everywhere. Thailand car market is still conquered by Toyota which has around 33-40% in car sales (except the Motor Show and the Motor Expo events).
With what, monopoly money, stick to bicycle
I am interested of buying Li auto SUV, looks so relax and functional for family use.
Manila for BYD?? Hahaha maybe that’s own by pogo or Chinese citizen
Went to Thailand and saw many Tesla and many BYD. Tesla was the classy businessman car, BYD was the classic communal car. Car ride services like uber (grab in Thailand) typically had BYD cars. They looked good, felt normal inside, and were quiet. It made me realize that in the USA, the car is such a pivotal point in breaking into the middle class, having a brand new car, an SUV for christ sake starting at 12,000 USD is insane. The ability to travel freely will greatly help bolster the lower class. It will break economic barriers if allowed into the USA. Cars will not be as much of status icons when they are a majority under 15,000 USD. I strongly believe in allowing chinese EVs into the USA.
There are more and more BYD on the streets of Thailand, and I am very glad to see it
Transportation is the single biggest driver of upward mobility, but space-hogging cars of any sort isn't the answer. The real solution lies in mass transit to handle routine commutes and popular demand centers (stadiums, shopping districts, the airport, etc).
I'm afraid you forgot, US is land of freedom and democracy, so you are only allowed to vote, there will be nothing else. Like all things in USA, you'd have to pay through the nose to enjoy freedom
If they brought a decent sub $20k car to the US they would clean up. US needs to have more sub $20k.
BYD sells EV cars under $10,000. That's why US needs the 100% tariffs, if everyone in the US can buy cars with 10k no one is going to buy the Tesla autopilot craps.
I have a BYD Dolphin; the intelligent cruise control is good in traffic, but is a little jerky on corners.
I hope that someone (Tesla?) eventually makes a self-driving module that can be dropped in - if Tesla can do that they will make a killing.
I own a BYD Seal..it's a fantastic car! Love it
congratulations
I'm not jumping into the EV market just yet. But if Warren Buffett likes BYD, there has to be something there, worth looking at. I'm going to keep an open mind here.
for years, america has been meddling with other countries affairs. It went on for too long that they forgot how to take care of themselves. america used to be the leader in almost everything. Never thought that a giant like boeing would be where it is today.
nowadays, everything in america is made in china. and instead of giving its people better options, they impose tariffs? I'm old enough to know the reason why brands like Lexus, Acura, and infinity exist. and you'd think they would learn. fast forward to today, those cars that where once dubbed as "toys found in a cereal box" are still major players in the business.
America falls behind technologically and the resorts to strong arm tactics to crush the competition and circumvent market competition forces.
America is a bully. Since WWII era. Yelling loudly while other countries do the work to thrive. And this last election was another step back.
America is the leading country in corporate stock buybacks. Is that not enough?
That's just how the free market works. Some countries are better at producing certain things than others. Chinese cars are just the nail on the coffin for the US auto industry, before that the Japanese and Koreans were the first to take over the market. They produced a higher quality product for less- USA just cannot compete with that.
@ you right Luis the US sees that they are losing now the are trying to bully countries that they can’t beat fair and square. You know what happens to bullies? They get bloody noses. They allowed the technology transfers in favor of cheap labor and US CEO’s looked like geniuses in the short run however long run they created a monster.
In Germany BYD has had a good start into the market. I think they are only going to be more successful in our market in the future, depends a bit on what they launch in 2025.
Compare the price of VW in China with that in German, and you will understand why the sales of cars in Europe are declining.
@ It’s always been like that. I lived in the U.S. 20 years ago and bought a VW Passat there for half of what I would have paid in Germany. The only way VW was able to get a market share. The high domestic price subsidies the lower price in external markets. Except when you get subsidies from the government as a local manufacturer, like in China…
Check Zeekr and Polestar offerings too. I think they produce more insteresting EVs than BYD at similar price point. Definitely better suspension.
What are prices like there for them?
I am from India, and i recently saw the BYD and I was blown away, with what they have to offer at what price, I am really glad that there are Indian companies using battery tech from BYD like Mahindra & Mahindra (M&M) I hope the company grows they deserve better.
Actually, Geely's Zeekr and Xiaomi are even better than BYDs in China and gaining market share. It's not just BYD, there are many more competitors.
BYD, Chery, Geely, Changan, Lixiang, Huawei, Xiaomi, Xpeng, NIO
I like BYD and Huawei,even though I already have 2 BYD cars.I want to buy a new bYD or Huawei,Lixiang is good too,oh hard to choose.
Who’s banning or tariffing whom from selling their cars into their market? That tells you all you need to know on who thinks their products are inferior to the other
It’s not about being inferior it’s about how china has an unfair advantage and able to sell their cars super cheap and easily take a loss on each one. They also are backed by the Chinese government
@@JDMSwervo2001so is every automaker.
@@JDMSwervo2001 BYD profit margin is only around 5 % compared to tesla at 34 percent. Chinese strategy are always like that, they do not mind small profit margin as long as they can get volume
@@JDMSwervo2001 Well said. Plus, China had the advantage of free prison labor besides being an organ donor. Due to Economies of Scale, #America provides the highest profit of them all. Besides product sales, there is profit from Exchange Rates.
@@JDMSwervo2001 how is it unfair, when chinese goverment plans for 20 years to optimize its supply chain? Its not chinas fault that US auto makers spend all theyre money on stock buy backs, and CEO bonuses rather than innovating.
BYD is not the only good Chinese brand on sale here in Australia. MG has been selling well here, just ahead of BYD recently. The MG4 was designed in England but built in China for the export market rather than for Chinese sales.
The R&D work done by the Chinese decades ago is paying off. Maybe other countries who want to make cars should take note.
I'll take a BYD
you choose to be anti american over a communist country
me too. but in the form of stocks. adding it to my portfolio over the coming months for sure.
@@neomonkeyking Good luck buy byd shares
WOW CNBC are MORONS! 3 BYD SPONSONIOUS EXPLODE ON FIRE A DAY IN CHINA!
@@leonardohuang Sling the bull
So the money we wasted on wars could’ve used to subsidize and strengthen our economy.
you can feel proud that you’ve been supporting the large corporations manufacturing weapons and other military hardware. all part of being a patriotic American without even realising it.
@@chrisnewman7281 can't even bring down Iran
True, or we could have been like China and butcher 100 million of our own people in the last century, but we aren't China...thank god.
Shush, cant say what goes against the narrative
Subsidizing???? Well that just seems un-American. Sounds kinda...socialist to me.
I'm SO unsympathetic to the complaint that China subsidizes its EVs. Like...so what? The US subsidizes a lot of stuff too. China saw a market in which it wanted to encourage fast growth, so it deployed subsidies. It's not exactly a new idea. And now we as American consumers can't get in on it, because the US hasn't been as ambitious about EVs? Ugh.
"The risk is real for the US. Auto makers will have to start making good cars and lowering prices".
Protester demand pay increase everytime LOL
But that would eat into shareholder dividends, and we can't have that. We're legally obligated to make profits above all else.
@doujinflip sounds like a failure of capitalism
The hypocrisy 😂 You want us to drive electric cars or not let them compete
Elon doesn't want that. That's why he has been so interested in the white house over the past few years. He knows Trump favors tariffs on Chinese vehicles. That keeps his biggest competition away from the US market.
they want their cake and eat it.
They want you to drive American EV's which are more expensive because they choose not to make cheaper ones so their profits go up to buy back more of their stock and inflate the price.
WOW CNBC are MORONS! 3 BYD SPONSONIOUS EXPLODE ON FIRE A DAY IN CHINA!
This is the best comment!
Elon Musk used to laughed at BYD, and now his top competitor
warrent buffet knows his stuff
He knows people. That's a very rare gift.
WOW CNBC are MORONS! 3 BYD SPONSONIOUS EXPLODE ON FIRE A DAY IN CHINA!
As a BYD industrial Technician in the US, I can attest, these BYD's are changing the market. US industrial makers can NOT compete. Buyers are not concerned with longevity. Pricing is the key now.
umm its only since 2020 that byd sales increased substantially thats when they kicked tesla out and most of the cars are sold in China
BYD has been operating as taxi in Shenzhen for more than ten years.
GM has been producing cars in China for more than 20 years.
China consumers are not on a whim, they have chosen a good one.
Sure, that's why American buyers are buying Toyota because of their great resale value. BYD is a huge liability and the US is just out of the opportunistic early adopters with cash.
德国车和日本车吹吹质量寿命就行了，你们美国车说质量是不是有点搞笑
i think chinese cars are better than american junk
They are
my next new car will be made by BYD, not greedy domestic and Japanese brands.
BYD wants to be the largest car maker in the world - by definition, that makes them greedy.
Wait, do you seriously think that Chinese companies aren't greedy?
@@davidgmaloof That kind of greedy is fine because it benefits the consumers, until they became the next Ford or Toyota.
@@pearlrivers207thing is you should be careful buying into that sort of thing, we don't want to end up with yet another monopoly, which for some reason everything software related seems to create
@@davidgmaloof stupid. you mind is messed up. they're greedy to become the largest, but not greedy to over charge you. chinse product never over price. if byd become the largest, it's the best thing that can happy for whole world's customers.
I have a BYD car in America Omg it’s such a powerful amazing beautiful car. This is insane.
I have a BYD PHV Song Plus and I love it! I have it for more than a year and over 50k miles already on it, and NO surprises and NO issues.
👍1 year 80,000 km！I use my car for 8,000 kilometers a year.
Battle? China gets it, theyre cars are actually affordable for everyone.
I WANT A "BYD"!!!!
than move to these useless communists in china
than move to these communist countries
Here in Australia I can buy any BYD I like, but the interiors especially the dashboards look like the insides of a flensed whale.
Me too😂😂😂😂
Me too
Ford Ceo says he liked the xiaomi car. A car that has less than one year history.
EV is a biger size of smart phone with 4 wheels.
Toyota will be yesterday. And you can not deny the fact BYD’s DMI hybrid technology is making Japanese hybrid technology obsolete.
Is it though? I wouldn’t count on those tiny 1.5 turbo engines lasting very long.
@tails300 Google DMi and study it
@ don’t need to, I know exactly how they work and the Chinese have never been been able to make a reliable ICE. You think I’ll trust them with turbo charged application? Absolutely not.
@@tails300 the size doesn't matter too much here,what does matter is the way using it.
@@tails300 If small or tiny means low durability, then big engines will last very very long? Can you elaborate on the reasoning?
I used to be obsessed with Tesla but now I can’t support Elon for being a simp for the Israeli genocide. Then I looked for other EVs and found byd offers amazing value and quality, much better than Tesla anyway. It’s a win win for me ❤
What US consumer didn't know, ALL legacy automakers except tesla like GM, toyota, nissan, hyundai, kia, Porsche, Ferrari etc ALL getting their battery or motor from china!!! How're they gonna be competitive?
Its mind blowing Warren Buffett N Charlie Munger is able to pick a one-in-a- hundred million entrepreneur more than 15years ago....its just incredible. Also remember, they have never invested in Tesla...
High possibility is that tesla can thrive with Elons ego, can also die cos of Elon's ego. If i were a stock holdler i will be worried since he produce half of his cars in china and get involved so deeply into politics
@@tedwong7037 I'm confused...Why would you worry Tesla produce half its car in China?
@ if Elon is too involved with many China hawk policies, do you think Chinese govt will be like," no worries your tesla business in China will not be influenced at all "?
@@zacklee5168 Because china can control Elon as the majority of production is in China.
Question: How much Chinese gov subsidize out of a BYD car? They fight like crazy for EVs supremacy. We the rest of the world simply need taxes for BYD cars, big taxes, and use these taxes to subsidize our EV manufacturing industry as well! This I call fairness!
Xenophobia is gonna screw Americans bigly. You keep dismissing Chinese products, and next thing you know, they have caught up or surpassed you.
You think tariffs are gonna stop them? Don't get complacent.
First they laughed at Japanese, then Korean, now Chinese. If history repeats, you can obviously guess what happens next.
There is simply no way I was going to watch a 44 mins video of something already known, this is old news...
did you expect CNBC a activist group to do journalism ?
@@MrRafagigapr XD
By the way, this is how things are doing here in Bogotá (Colombia): you can rent a BYD for almost the same money as taking an Uber. What a wars we are witnessing...
@@deltakid0 is it a good thing? i am not sure.
@@deltakid0 Wow. No way. Do you see a lot of BYD cars on the road there? What brands previously?
We know you can't handle more than 30s of content, your brain is long gone.
BYD sold 3 million, Tesla sold 1,8 Million, numbers speak.