Notice how BYD's CEO has zero issue saying he's at war with legacy auto and wants to kill them off, yet calls Tesla a respected partner. Tells you something.
@@incognitotorpedo42well obviously…. Use your head the Chinese consumer gets innovative EVs at a cheap price While putting legacy autos out of business
Its crazy how competitive it is in China Capitalism. While the west are worrying about Chinese EVs as a whole threatening their Car markets. Seems like to the individual Chinese EV companies their biggest worry is each other.
They are competing among themselves. Legacy auto are no longer in their picture. If the legacy still think that China is competing against them, that just show you how far away they are behind China.
@@mateusmahumane8990 There are a lot state owned car makers in China, they are mostly in joint venture with western legacy car makers, they are going out of business too. But I don't think Chinese government really mind that. State owned car makers are there to make cheap energy efficient cars accessible to average people, if electric cars are so cheap then I think they are happy to get out of car business. Also public transport in China I think developed to a point cars are no longer essential.
its not capitalism, its essentially a state owned industry where profit is not the end game. Xi cares only about stability and staying in power so mass employment and dominating / destroying global EV markets is a great outcome. They are facing demographic and economic collapse so are scrambling from crisis to crisis.
It has happened before in the UK with the original Mini. None of its competitors could understand how they could sell it so cheap and make a profit. They couldn't.
The difference between western corporates and Global South corporates is wrstern corporates desire for obscene levels of profits....to the extend that the profits are able to absorb any unintented shocks. Global South corporates only makes reasonable profits and are very sensitive to any commercial changes and strive to controlling cost.
It'll be interesting to see if Australia and Britain will be forced by other Western allies to also ban / raise exorbitantly high tariffs on Chinese EVs.
Tesla and Chinese EVs are going to dominate the globe. Germany is out, Japan isn't pivoting and legacy US automakers can't keep up. I do hope Rivian survives.
It was the same when chariots and haycarts became commodities and over production dropped demand below supply , same with bicycles and everything else " in human history" it's called the law of supply and demand
The big Western and Japanese auto makers are going to have to partner with Chinese companies to stay afloat. VW has invested in Xpeng and they also do joint manufacturing with SAIC, as does GM. Ford is likely to follow suit, though currently their main EV partner has been Rivian.
Apart from Tesla, I don't think there are any western car manufacturers operating in China. The Chinese government requires them to operate as joint ventures with a Chinese partner.
stop allowing diesel in your cars, and your air quality improves drastically, who would have thought? one of the best things we did here in the US was make diesel so expensive for cars as to be unusable.
GENERAL MOTORS Income Statement Revenue (ttm) 182.72B Revenue Per Share (ttm) 155.11 Quarterly Revenue Growth (yoy) 10.50% Gross Profit (ttm) -- EBITDA 18.37B Net Income Avi to Common (ttm) 10.99B Diluted EPS (ttm) 9.16 Quarterly Earnings Growth (yoy) -0.30%
Ev's are really increasing market share and I am hopeful that a 1000 Km range Crossover will be available in Canada in 2 Years and I will definitely buy one Guys!!
Its because the Chinese EV industry is following state instructions. Profit is not the aim.....social stability, mass employment, saving face and scrambling from month to month is all that matters.
They're willing to sell at those prices inside of China because the price difference inwhich they sell cars for in other world markets allow them to still make a profit on average.
Last I heard other markets do not want them in. Ie US. Rather have legacy auto charge high prices with less competition and consumers get worse products.
i really don’t understand why people think that the world is the usa or their vassal states? the majority of growing economies are willing to participate in BRICS over the G7. maybe it’s a good idea not to rely on western propaganda for information about the global economy.
You’d be very brave to buy one of these almost unknown Chinese brands. When they go belly up, your car will be just a brick. I’ll stick with Tesla thanks- five years of ownership and still absolutely fantastic.
sam We love you here in Jamaica, sir.We learn a lot from your channel.Also, my great-grandfather was from Australia.His name was quinton. britton he came here 1906 you teaches us a lot these cars are flooding jamaica
"Bloodbath"? Where have I heard that phrase, and who from, before? Particularly regarding the US/China car market? I expect CNN/MSNBC and so on to jump on that phrase any moment now... or maybe not...
Overcapacity. Western auto makers will not loose this because western nations are not going to allow Chinese dumping and the domestic Chinese market cannot support the production
I'd rather support a Chinese TH-cam channel. Just kidding, love the show. But is watching western car companies die okay? I think it's more than just a value argument.. thanks and watch every show!
FORD Income Statement Revenue (ttm) 182.74B Revenue Per Share (ttm) 45.87 Quarterly Revenue Growth (yoy) 5.50% Gross Profit (ttm) -- EBITDA 9.36B Net Income Avi to Common (ttm) 3.53B Diluted EPS (ttm) 0.87 Quarterly Earnings Growth (yoy) -25.60%
Like how the Chinese dominate the shipbuilding market ? Thay hv 3000 shipyards then the government just let them die off , merge , upgrade let the FREE MARKET decides thier survival. Now theres about 300-500 tier 1 to tier 3 Internationally standards. Which garbs 80% of world shipbuilding market. This is bad?.dangerous?.
We have never seen automakers go bankrupt? Dude... except for half a dozen times already, that is. You need to get a life. I am blocking this channel. ;-)
I am at the beginning of my "investment journey", planning to put 385K into dividend stocks so that I will be making up to 30% annually in dividend returns. any good stock recommendation on great performing stocks or Crypto will be appreciated!
As a newbie investor, it’s essential for you to have a mentor to keep you accountable. Ruth Ann Tsakonas is my trade analyst, she has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.
I managed to grow a nest egg of around 120k to over a Million. I'm especially grateful to Adviser Ruth Ann Tsakonas, for her expertise and exposure to different areas of the market..
I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $200k passively by just investing through an advisor, and I don't have to do much work.. Inflation or no inflation, my finances remain secure. So I really don't blame people who panic.
Without a doubt! Ruth Ann Tsakonas is a trader who goes above and beyond. she has an exceptional skill for analysing market movements and spotting profitable opportunities. Her strategies are meticulously crafted on thorough research and years of practical experience.
how would you recommend i enter the crypto market? I am also looking at studying some traders and copying their strategy rather than investing myself and losing money emotionally. What's your take on this approach? and How can i reach her, if you don't mind me asking?
I'd ask why the Chinese govt subsidize these manufacturing losses ? The US politicians have woken up to price dumping, and the European politicians may also. I'd also note that some legacy auto dealers in the US are going bankrupt, whilst the most successful US car company does not have dealers. Tesla sell direct to consumers.
Because your message is false, the Chinese government subsidizes consumers rather than directly subsidizing car companies, and purchasing Tesla can also receive subsidies. The governments of the United States and Europe have also done the same thing
@@alexco5881 No, it's not government investment but private investors. There are many private investment funds in China investing in the automotive industry. Because this is a popular industry, just like artificial intelligence, it has attracted a large amount of capital investment, and many automotive companies have already gone public. Your media and government deceive you
What a great business model they’re selling tons of cars at a loss. That’s why legacy auto makers left. They’re not gonna lose their shirt to companies that are willing to lose money.
by knowing that car in China costs 15k euros, i would never by the same model in europe for 50k, simple, Chinese will be out with their crap junk cars,what it is about this channell to be so excited about!
Notice how BYD's CEO has zero issue saying he's at war with legacy auto and wants to kill them off, yet calls Tesla a respected partner. Tells you something.
Be careful with selective translation, he may not have said it that aggressively at all.
Chinese customers are the same as the others, put their hard earned money where the value is! Build the better cars, they will come!
This is very good news for EV consumers❤
Is it? (name checks out...)
@@incognitotorpedo42well obviously…. Use your head the Chinese consumer gets innovative EVs at a cheap price
While putting legacy autos out of business
@incognitotorpedo42 Read my lips: IT IS very good news for EV consumers❤️
Its crazy how competitive it is in China Capitalism. While the west are worrying about Chinese EVs as a whole threatening their Car markets. Seems like to the individual Chinese EV companies their biggest worry is each other.
They are competing among themselves. Legacy auto are no longer in their picture. If the legacy still think that China is competing against them, that just show you how far away they are behind China.
@@FrankiePo89 Legacy car manufacturers happen to be foreign owned manufacturers. China has very little to lose
@@mateusmahumane8990 There are a lot state owned car makers in China, they are mostly in joint venture with western legacy car makers, they are going out of business too. But I don't think Chinese government really mind that. State owned car makers are there to make cheap energy efficient cars accessible to average people, if electric cars are so cheap then I think they are happy to get out of car business. Also public transport in China I think developed to a point cars are no longer essential.
its not capitalism, its essentially a state owned industry where profit is not the end game. Xi cares only about stability and staying in power so mass employment and dominating / destroying global EV markets is a great outcome. They are facing demographic and economic collapse so are scrambling from crisis to crisis.
EV will collapse the China 🇨🇳 economy. Somebody has a secret new engine that it will use a green energy. Ev is not the future of transport
NIO DELIVERERIES WERE OVER 200.000 FOR 2024 .
It has happened before in the UK with the original Mini. None of its competitors could understand how they could sell it so cheap and make a profit. They couldn't.
I'm a Porsche owner BUT! It's one of the last produced before VW took over and changed them into overpriced "poser" cars.
I said this would happen, smother the competition out of the market.
The difference between western corporates and Global South corporates is wrstern corporates desire for obscene levels of profits....to the extend that the profits are able to absorb any unintented shocks.
Global South corporates only makes reasonable profits and are very sensitive to any commercial changes and strive to controlling cost.
Wow , they are setting the future . Hopefully good for me 😊
and thats the answer in a nutshell isn't, as long as its good for me then nothing else matters
It'll be interesting to see if Australia and Britain will be forced by other Western allies to also ban / raise exorbitantly high tariffs on Chinese EVs.
yep, makes sense, otherwise you are supporting the race to the bottom with a state owned actor that doesnt need to make profit.
Tesla and Chinese EVs are going to dominate the globe. Germany is out, Japan isn't pivoting and legacy US automakers can't keep up. I do hope Rivian survives.
I just checked.
Beijing AQI 52
Melbourne? 2!
China? 28
Australia 3.
Fascinating
$100k every 4weeks! I now have a good car, house and can now afford anything and also support my family
I'm genuinely curious to know how you earn that much monthly. Please help others too ❤❤
I'm so happy for you dear, please can you elaborate more about this? I definitely believe you're God sent 🙏
I thank God for bringing Mildred Evelyn Rooney brokage service into my life. I'm happy for God's grace have found me through her ❤️😊
$1M a week won't buy you or your family a better genes .....
I know her! God has used her to save so many lives including mine, could remember when I started with her back in 2023
Great report, it makes so much sense. Thanks.
Chinese like to buy prestige. No prestige in mass produced/ over produced Chinese EV
It was the same when chariots and haycarts became commodities and over production dropped demand below supply , same with bicycles and everything else " in human history" it's called the law of supply and demand
The big Western and Japanese auto makers are going to have to partner with Chinese companies to stay afloat. VW has invested in Xpeng and they also do joint manufacturing with SAIC, as does GM. Ford is likely to follow suit, though currently their main EV partner has been Rivian.
WINOS - Western In Name Only...
Apart from Tesla, I don't think there are any western car manufacturers operating in China. The Chinese government requires them to operate as joint ventures with a Chinese partner.
@@1maico1 Tesla is not a joint venture, and Toyota will also establish and operate a wholly-owned factory. Your words are contradictory
@@1maico1 Toyota is going to build an independent plant in Shanghai for Lexus EVs.
It is no longer a forced marriage, but a convenience marriage. No love between these JVs
stop allowing diesel in your cars, and your air quality improves drastically, who would have thought? one of the best things we did here in the US was make diesel so expensive for cars as to be unusable.
Sam the first decades of the 1900’s saw about 1800 American car manufacturers go out of business. This period was called “the Brass Era”
Same with tech in early 2000, only the strong and well managed will survive
@@Discovery2024-rn8kn I guess Tesla is toast then.
GENERAL MOTORS
Income Statement
Revenue (ttm) 182.72B
Revenue Per Share (ttm) 155.11
Quarterly Revenue Growth (yoy) 10.50%
Gross Profit (ttm) --
EBITDA 18.37B
Net Income Avi to Common (ttm) 10.99B
Diluted EPS (ttm) 9.16
Quarterly Earnings Growth (yoy) -0.30%
Ev's are really increasing market share and I am hopeful that a 1000 Km range Crossover will be available in Canada in 2 Years and I will definitely buy one Guys!!
Great Video Electric Viking Skor!
@12:26. No, I'm quite sure those car dealerships are privately owned by local Chinese businesses.
So EV manufacturers strategy is loose money on every sale but make it up in volume. Not sure this is sustainable.
Chinese have been using this strategy in almost every industry
Solar panels is the most well known example go research that up
Its because the Chinese EV industry is following state instructions. Profit is not the aim.....social stability, mass employment, saving face and scrambling from month to month is all that matters.
So what will they have to charge to make a profit?
Important to only buy cars from companies that will survive. I’m thinking Tesla, XPeng, BYD and Geely group (inc Zeekr), Chery, MG.
Crazy...
Is there something about ev s that make them simpler to produce?
Less moving parts.
IC engine has many moving parts and time consuming to manufacture and assemble. E-motor has the rotor rotating only
@@mateusmahumane8990 But the parts count for the battery is very high, and they are not cheap.
Going price war with BYD is suicidx, actually it main profit is from battery business
Agree with your views , I just returned mid December, we had some great plant tours and china is strong in the automotive sector.
US$163 billion
Will EV's ever be cheaper than now?
Batteries get cheaper and so do EV's.
more mass production = lower price
@@SpectacularDisaster Planet fitness strategy lol.
@PyroShields I was referring more to like Henry Ford perfecting the assembly line. That made cars affordable and then they took off.
Push foreign automakers out through market forces instead of government policies. Brilliant.
Their also as well
Who would believe what China says about how many cars they sold anyway.
They're willing to sell at those prices inside of China because the price difference inwhich they sell cars for in other world markets allow them to still make a profit on average.
Last I heard other markets do not want them in. Ie US. Rather have legacy auto charge high prices with less competition and consumers get worse products.
i really don’t understand why people think that the world is the usa or their vassal states?
the majority of growing economies are willing to participate in BRICS over the G7. maybe it’s a good idea not to rely on western propaganda for information about the global economy.
@@RJ-jx3dy You are talking about specific markets, namely the US and parts of Europe, and not the whole world
You’d be very brave to buy one of these almost unknown Chinese brands.
When they go belly up, your car will be just a brick.
I’ll stick with Tesla thanks- five years of ownership and still absolutely fantastic.
在你的国家不知名不代表在中国不知名。赛力斯的问界m9听说过吗？如果你有机会驾驶过，你100%会觉得特斯拉就是塑料做的，你会知道什么才是真正的智能驾驶。
Soinds like the property bubble got transferred to cars
probably the dealers of japanese ice cars
sam We love you here in Jamaica, sir.We learn a lot from your channel.Also, my great-grandfather was from Australia.His name was quinton. britton he came here 1906 you teaches us a lot these cars are flooding jamaica
"Bloodbath"? Where have I heard that phrase, and who from, before? Particularly regarding the US/China car market? I expect CNN/MSNBC and so on to jump on that phrase any moment now... or maybe not...
Overcapacity. Western auto makers will not loose this because western nations are not going to allow Chinese dumping and the domestic Chinese market cannot support the production
I'd rather support a Chinese TH-cam channel. Just kidding, love the show. But is watching western car companies die okay? I think it's more than just a value argument.. thanks and watch every show!
Its soo good for CONSUMERS .. a WIN.
FORD
Income Statement
Revenue (ttm) 182.74B
Revenue Per Share (ttm) 45.87
Quarterly Revenue Growth (yoy) 5.50%
Gross Profit (ttm) --
EBITDA 9.36B
Net Income Avi to Common (ttm) 3.53B
Diluted EPS (ttm) 0.87
Quarterly Earnings Growth (yoy) -25.60%
first
It's a dangerous game to play. Chinese government is not playing by the rules of an open and Fair free market.
When is the market been open, Free and fair?
Let's not delude ourselves
Like how the Chinese dominate the shipbuilding market ?
Thay hv 3000 shipyards then the government just let them die off , merge , upgrade let the FREE MARKET decides thier survival. Now theres about 300-500 tier 1 to tier 3 Internationally standards. Which garbs 80% of world shipbuilding market.
This is bad?.dangerous?.
Probably banking on BRICS
We have never seen automakers go bankrupt? Dude... except for half a dozen times already, that is. You need to get a life. I am blocking this channel. ;-)
I am at the beginning of my "investment journey", planning to put 385K into dividend stocks so that I will be making up to 30% annually in dividend returns. any good stock recommendation on great performing stocks or Crypto will be appreciated!
As a newbie investor, it’s essential for you to have a mentor to keep you accountable. Ruth Ann Tsakonas is my trade analyst, she has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.
I managed to grow a nest egg of around 120k to over a Million. I'm especially grateful to Adviser Ruth Ann Tsakonas, for her expertise and exposure to different areas of the market..
I don't really blame people who panic. Lack of
information can be a big hurdle. I've been
making more than $200k passively by just
investing through an advisor, and I don't have
to do much work.. Inflation or no inflation, my
finances remain secure. So I really don't blame
people who panic.
Without a doubt! Ruth Ann Tsakonas is a trader who goes above and beyond. she has an exceptional skill for analysing market movements and spotting profitable opportunities. Her strategies are meticulously crafted on thorough research and years of practical experience.
how would you recommend i enter the crypto market? I am also looking at studying some traders and copying their strategy rather than investing myself and losing money emotionally. What's your take on this approach? and How can i reach her, if you don't mind me asking?
I'd ask why the Chinese govt subsidize these manufacturing losses ? The US politicians have woken up to price dumping, and the European politicians may also. I'd also note that some legacy auto dealers in the US are going bankrupt, whilst the most successful US car company does not have dealers. Tesla sell direct to consumers.
It's called "industrial policies".. Levacy autos - arrogance and laziness...Look at how Apple failed in EV ...pure hubris.
Because your message is false, the Chinese government subsidizes consumers rather than directly subsidizing car companies, and purchasing Tesla can also receive subsidies. The governments of the United States and Europe have also done the same thing
@@古德雍飛 chinese car companies losing money on sale, would be broke without govt money injection.
@@alexco5881 研发成本过高，因为byd和特斯拉已经完成了规模经济然后压低了汽车销售成本，目前你在中国如果销售50万辆汽车你就可以盈利，研发和销售渠道的铺开占据了汽车成本的很大一部分。目前中国盈利的品牌其实有很多，吉利，长安，byd，理想，问界，奇瑞，长城。这些每年销售超过50万辆的汽车公司都是盈利的，其他的几百个汽车品牌每个月销售只有几百辆，研发成本都赚不回来。。。以后会破产的
@@alexco5881 No, it's not government investment but private investors. There are many private investment funds in China investing in the automotive industry. Because this is a popular industry, just like artificial intelligence, it has attracted a large amount of capital investment, and many automotive companies have already gone public. Your media and government deceive you
What a great business model they’re selling tons of cars at a loss. That’s why legacy auto makers left. They’re not gonna lose their shirt to companies that are willing to lose money.
Overproduction
Competition that drives survival of the fittest, efficiency and innovation - isn't that the whole purpose of capitalism!
Yellen is retiring soon. So should you.
by knowing that car in China costs 15k euros, i would never by the same model in europe for 50k, simple, Chinese will be out with their crap junk cars,what it is about this channell to be so excited about!
The tariffs tell you otherwise.
Without competition, car companies will just take more profits.
Awesome, well done Xpeng, Geely, BYD, SAIC, Great Wall etc... keep it up.
Consumers need some good deals.