UBS hired engineers to tear apart and analyze BYD's electric car. Here is what they learned.
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- เผยแพร่เมื่อ 30 เม.ย. 2024
- UBS launched a project that would tear down and study electric vehicles from suppliers around the world. In September of 2023, they took apart the Seal, a high-tech offering from BYD that is aimed at the mass market.
Their findings are bad news for legacy carmakers, especially in Europe.
Resources and links:
UBS, Will Chinese EV's win globally?
www.ubs.com/global/en/investm...
Wall Street Journal, German carmakers lag behind Tesla and China
www.wsj.com/business/autos/in...
Stock image photos from Munich auto show - วิทยาศาสตร์และเทคโนโลยี
![ถ้าเธอไม่รักทำไมไม่บอกฉัน - PAPER [ Musicvideo ]](http://i.ytimg.com/vi/pfeBhDda7m4/mqdefault.jpg)
it's weird that all those green Democrats are now becoming EV haters
Because China is a bigger deamon than the climate change.
Cause of the hatred on Elon
@@mikexhotmail huh?! That doesn't make sense.
This is not a Republicans/Democrats vs China, this is capitalists not happy they can't squeeze consumers.
They hate it because China is making it so they can't make money off it
Payed haters
I was skeptical when I ordered a Chinese made small cordless saw. The saw package came with 2 batteries, 1 spare chain, 1 oil can, 1 pair of gloves, 1 eye protector, and a tool box. I am very gladI didn't have to pay exhorbitantly for the entire kit.
I got the same n it is one of my favourite garden tools n so affordable!
brand please?
the box it came in will last longer than the saw....unless it never gets used...
Best get it before the “Temu” bill gains traction.
@@bhmcrumbs1348 Didn't you read? The two guys above you actually bought and uses them, while you are just repeating propaganda.
As the largest oil importer, China will unswervingly develop electric vehicles, even though the West still insists on ICE vehicles.
Like China, many countries in the world are short of oil. Even if there is no environmental pressure, people will be happy to buy electric cars.
China has 24 nuclear powerplants under construction !!!
There is a lot of reasons aside from what you mentioned, they have found a product that they virtually own and have no competition. They also have committed to having a zero carbon footprint by 2060.
The west doesn't "insist" on ICE vehicles, they're just a more practical choice for many countries at this point. They don't have the population density, the infrastructure for EVs and the short distances that suit an EVs range. Then there's the price difference, which is considerable.
@@ExternalInputs
Let's cut the crap and put it short, the West or practically America doesn't push for EV because of "PETRODOLLAR" and world reserved currency(69% up-to-date). Almost all conflicts(past or existing or upcoming) is relevant with oil, gas, petrol, fuel.
Xinjiang - the desert is rich with oil.
North Gaza - newly found oilfield.
Guyana - oilfield
Syria - oilfield
Iraq - oilfield
In China, EVs run 0.01 US dollars per kilometer, while gas cars run 0.08 US dollar per kilometer. Oil costs 8 times more than electricity. therefore, 80% traditional gas cars will be replaced by EVs within next 10 years.
that's the reason behind Yellen's China overcapacity campaign.
"let China sleep on... because when I wake up, the world will shake" (attributed to Napoleon) .. well, USA had no better idea than to wake her up .. brilliant people indeed ..
@@huveja9799 look back at history. the empire did wake China up in the Korean War. China and NK handed US and its lackeys its first non-win after WW2, when China was at its weakest.
@@willengel2458 well, the English have already started to wake them up with the Opium wars, but then our Yankee friends decided to feed her because of his "cheap" labor ..
@@huveja9799 The English tried to keep them sleeping with opium. Now US and Britain are willingly getting their own opioids because they have to keep living their dreams by hallucinating while drug companies helped along by introducing "legal" drugs 🤣
Yellen: China build less pls.
China: Lol no.
BYD Dolphin and Seal got the highest euro safety NCAP rating for their respective class of car.
Doesn’t matter. Europeans won’t by them out of racial superiority ideology
China haters are running campaign Chinese EV are not safe because their batteries are fire hazard.
It's also Japan EV car of d year, beating all Japanese cars. Fyi
Quoted b you:
"BYD Dolphin and Seal got the highest euro safety NCAP"
Hey you !!
You forgot my BYD Atto 3 also with 5 Stars Rating.
I feel very safe driving it since already a year ago.
If my dear friend bought it, too,
he wouldn't have died !!
He died in a NON Star Rating car, NCAP from EU. !!
I am so bloody sad, miss him very much !!!
@@putianren Sad for your friend who bought an expensive dangerous western EV. I actually bought a Toyota ICE since here in Malaysia, charging infrastructure is lacking and I stay on a highrise that don't have charging. I get range anxiety if I buy an EV 😱
50 years ago I remember carrying cooking oil and used clothing to my distant relatives from HK to China. Some can only eat meat once a month if lucky. Working hard was the only way out and 50 years later, the Chinese are caught up and most live a decent lifestyle. So unless European countries realize and admit this fact and are willing to roll up their sleeves now. Give up some vacation time and put that towards making new stuff and charge less to sell to the rest of the world, I can't imagine the trouble they'll be in in 5 years.
I remember that too.
Only those over 70 in Hong Kong know what you are talking about. Painful period during my childhood in HK.
@@X-H-Wu I'm 65 :)
Western wages are high. It's highest in the US. Whatever they can produce will cost a heck of a lot more. If exported, many won't buy and made in America now is not really reliable. Like their game changing weapons proven in Ukraine to be worse than the Russian spade 🤫🤣
@@AnnieT369 I'm in my 50s. I remember in the 70s, my parents and would go to Guangzhou to visit my grandparents from Hong Kong every Chinese year. We go at 6, 7 in the morning. Catch the train at Tsim Sha Tsui train terminal. Get off at Shenzhen and cross the border. Then get on the China's train and go to Guangzhou. When we got there, it was already dark. And we usually needed to bring a lot of supplies to them too. But now, we can go to Guangzhou in one hour from Hong Kong by HSR.
I think a US company on TH-cam also reviewed the BYD seal and is doing a tear down. The reviewers were shocked by how good the car was for 10k
Seal is selling for more than 30k usd. The car they tore down was the byd seagull. What made them💩their pants was the fact that Mexico was getting a byd factory. Not to circumvent us tariffs but to build cheap cars that Mexicans could afford.
@@fredfrond6148that would be a no no. US wants Latin America to stay POOR
@@fredfrond6148 in China, it is 50% less than what you mentioned like 30k.
@@peanut0brain agreed hence the fear, uncertainty and doubt that is being sown about China. Then there is the massive byd factorieS in Brazil. In Brazil the plan is to build a totally vertically integrated manufacturing facility system that can make everything from chips to Giga presses and batteries. In turn Brazil will sell lithium and soya beans to China.
@@sui-yu-er-an not the SEAL maybe the seagull is less. Google seal price China.
I rented a chinese EV car on our last vacation in Australia , I was really blown away by how much tech was built in this car , my wife convinced me our next car purchase back home next year should be a good chinese EV car , lol
Not sure where you live, but you might not get what you want because of politics.
Just remember to consider where the data from cameras, GPS and sensors end up through the connectivity and smartphone control app.
@@Traitorman.14.3 And that goes for all cars in the world... Who collects your data? USA, UK, EU, China, Russia, India etc... I would rather a foreign state collect my data as they cant use it against me...
@@Traitorman.14.3 Too late, the NSA already knows all about it. read all about why they are chasing Snowden all over the world/
You actually believe that bullshit about the gps and shit? You actually believe China is interested in knowing what you do everyday? man, you're so gullible to even obvious propaganda. Critical thinking, use it!
Twenty years ago China went down the path of developing EVs to meet two goals, solve city pollution problems coming from the ICEs and to overtake the automobile industry with the new EVs. Looks like China achieved both goals brilliantly.
Chinese products..?? Never.. Never
@@ChuckUstaadnever never? Who cares?
@@ChuckUstaad Understand your fear and anxiety. There are five stages of grief: denial, anger, bargaining, depression, and acceptance. You are going through the first stage of grief, denial. So take your time. 🤣
@@ChuckUstaadyou are wearing a chinese made undies with cotton from Xinjiang China
@@yaoyplmost 1ndian is known with fragile ego, don't rub salt on his grief anymore. They are going to be global powerhouse by 2030 😂 they are sending bull and cow to Moon soon.
So Western brands are losing the market because they have a more expensive product, which is not better than the Chinese one.
"Build Your Dreams" or BYD is growing rapidly in Laos, Thailand and possibly Vietnam (will see soon). Their vehicles are attractive, functional and affordable. There are many charging stations as well.
Probably not in Vietnam. Thailand is going to be a major hub as they will manufacture right hand drive BYD’S for the world. Japan, Australia, United Kingdom, Thailand…….
in my country too, about 5 years ago, there is zero chinese cars in the streets. Now, it is not uncommon to see them around.
Chinese products ?? Never.. Never..!
@@ChuckUstaad I guess you will miss the experience of quality, price, reliability
Only get that from Toyota (Japan) too, not the US, not Europe
@@ChuckUstaadwho cares whether you never never or not not.
Your channel features data and up to date information to digest. Thanks mate.
I'M an American and would love the US market sell BYD NIo XPENG etc! The tech innovation on Chinese evs is advance and affordable at $30k. The BYD Seagull $11k. vs US $70K. But, our protectionist US regime w/ fake capitalism is to scared of competition. Hurts consumers.
Grandpa Joey is amplifying the tariff on Chinese products that Criminal Tangerine instituted. Thus. It’s quite possible that Chinese EVs will be affected as well.
US believes in "free market" when they are winning. When losing, us does sanctions and "national security concern" and arrests officers of Chinese companies lol
@@mateobaysa2055Trump is very hostile to Chinese made products as well. So in near future, there won’t be Chinese EVs sold in the states.
@@mateobaysa2055
Romando claims Chinese can remote control EVs sold in America.
Volvo XC30 is coming to US this summer.
Is there any limit to their ‘xenophobia’? 😂😂😂. Why can’t they simply digest and accept that other nations and cultures have been around here for loooooong.
they are rascist
it's all about the Money$$$ 😂😂🤣🤣
most anglo saxon are Sinophobia
@@youwaiyap2708 YUP
Yankee mentallity is caused by God's interference. Look at Israel. See how delusional they are today, because of their ancestors' "God's people" claim.
Years ago, Mike Wallace interviewed Deng Xiaoping. The question was about how, being a communist country would be compatible with capitalism; Deng's answer was: "we will distribute the benefits to more people". [MW just opened his eyes in disbelief].
Wealth distribution is the key of socialism, hence XI's recent "common prosperity" plan.
Deng's most famous quote: it doesn't matter if it is a black or white cat as long as it catches mice. "
Quite a few inaccuracies in this report.
BYD over took Tesla in 2022, selling 500.000 more units. The first quarter of 2023, they sold more vehicles than Tesla did for the whole of 2022.
You guys in the US dont have the choice in vehicles that we in the rest of the World have.
The report is accurate in that Western vehicle manufacturers cannot compete with China.
It doesn't matter really, the US market is not that important for global trade. It is the same size as the EU market.
Most of the current Chinese vehicle output is being sold in Russia, as sanctions has disrupted the supply of Western vehicles.
A truthful report.
An American patriot posting truth. 👍
This is an excellent report - highly vertically integrated with the most complete and efficient supply chain!
Japan also took apart Chinese EVs.......ok for non Chinese to do reverse engineering😂
Great episode Kevin, thank.
When EU started an investigation into state subsidy of Chinese auto industry, they only need to make the story, period. Investigation is just a show.
They only need to make accusations , like the Xinjiang Uyghur "genocide" bs
Chinese products..?? Never.., Never
@@ChuckUstaad No one forced you to buy did they? 😏
EU heavily subsidized their own industries too just like USA. They can do it but the rest of the world especially China can't?
The West never have any real evidence on anything they accused China of. Xinjiang force labor, cotton, tomato, Huawei.......
Tesla just laid off 10% staff... Its to be expected.. The chinese automakers are all out to dominate!
Tesla should reduce price
@@amandagrant4331
Sadly we all know that all American european japanese tech corporations will never do that... They priorities profit over market share!
In Chinese manufacturing do we trust they will make good quality things affordable....
They're not making weird pickups that can't pick up much or tow very far either.
@@anjunadeep.8384Indians cannot compete bcos they are too far behind China in almost every sphere of development. They can only get jealous n keep barking their silly nonsense. How shameful n despicable
@@ExternalInputsit’s knowing your market
Made in China
Yup. Keeps inflation low 👍 Buy American and you pay a LOT more profiting those corporations that control the government like puppets on strings
Made by China
@@grouchypatch9185 Made in China by Chinese 😃
What's made by your country except idiots?
If an electric vehicle is 20,000 dollars less than Elon's, we are all going to buy them. None of us could care less that they are made in China. Get real.
BYD vertical integration includes mining, shipping, software, electronic components and battery.
Does it include availabilty of after-sales service centres and spare parts stores? Thought not . . .
Mr Munger saw what most can not see. That's why he invest heavily on BYD eons ago
It's looking grim for the West. We underestimated our rivals. Our predicament is due to decades of poor leadership. 🇨🇦
Poor as the leadership may be, they are chosen by the people.
@luisanthonychau To a small degree. The party insiders and doners decide who gets on the ballot. We vote once every 4 years with very few recalls, referendum, or plebiscite. Our democracies are weak and brittle.
your election choose between two bad apples
As long as lobbying is legal your corporations will get the policies they like from your elected representatives. He who pays the piper calls the tune
While it's easy to put the blame on leaders, the ultimate cause of the issue lies within the culture. It's not like nobody see the trouble coming. It's because people who don't want to give up their greed and comfort. Open bribery (also known as election) every 4 years doesn't help. If people want easy money, they will vote for someone who promises an open check. Simple as that.
This is what Yellen meant when she accused China of "overcapacity"..LOL
Thanks Kevin. You're among a handful of trusted truth tellers about China.
Absolutely Astounding! We want Chinese’s EV Automobiles here in the United States Of America!👍🙂
Unfortunately, that won’t happen.
no we don't
Who doesn’t want affordable and reliable car unless you’re a millionaire with money to spend. Some people have to work two jobs to survive. I would buy a BYD rather than a Tesla.
me too. i refuse to buy a tesla for the same reason i don't obsess over brands like rolex, gucci, prada, etc. i view tesla as a luxury brand, not a mass market player. i buy products for its use case, and not as a form of social validation. once an EV arrives in the U.S. that is less than $20k, i'm buying it. doubt it will be a tesla.
BYD is cheaper and better so they called this a problem 😅 😂
China not calling the west over priced cars a problem. 😅 😂
Their dream comes true, why should it be a problem? Build your Dream - BYD.
In the country I'm living in the Chinese cars are taking over. They have a substantial advantage in price. And impressive quality and design. ( I also see many more small electric Chinese-made delivery trucks here in the city. These make a lot of sense)
The Seal is nice, but the Dolphin is cooler. It has an awesome glass sunroof that goes from the front of the car all the way to the back. If it were sold in the U.S., I would definitely buy it. On their site, the U.S. is listed.
Dolphin is small. I think you'd love the Sea Lion.
@@o0I0o100 I don't think there is any such thing, but it wouldn't matter for me because I live in the U.S. and there is no place to plug them in. 😥
@@ariesmarsexpress It was on display at last month Bangkok Motor Show. Will be on sale in Thailand at the end of this year, so we were told.
Perhaps you first have to convince both the sleepy old man and the crazy blonde.
@@o0I0o100 Wow, you're right. The 2024 BYD Sea Lion. Super nice.
This is great for the consumer .... Governments will put tariffs to keep the rich rich and the poor wil suffer as always....byd will eventually build cars in Europe and USA and people will calm down..... There was no hysteria when Tesla was doing it
BYD will build a factory in Hungary.
But have no plan to build factory in US
@@amandagrant4331 yes but they are in Mexico which has tariff free trading with the US..... I'm sure if the tariffs get high enough they will consider factories in most places
European car makers in general, Mercedes Benz, BMW, VW in particular ought to buy in into some of the Chinese EV manufacturers like NIO, XPENG.
Chinese prducts..?? Never, Never
VW has bought into Xpeng.
They did, the VW invested 1 billion euro into Xpeng, and got 7% of Xpeng’s share
So usa now road to
Reverseenginiaring 😂😂
The US doesn't have enough engineers for that.
Haha! They'll hire Wal-Mart workers to breakdown Chinese EVs...like how Boeing employs from the same pool.
U$ will do what they do best...steal.
Is that not copycat & stealing?
@@deepone5005 In the west, that's call "freedom" copying, basically if you add "freedom" to all western crimes, it becomes "legal". smh.
If anyone else does the same, it will be reported by western medias 24/7.
I love Made in China. It's good quality and light on my pocket. ( But don't go too cheap unless you're going for it's low tech and less functionality 😂😂😂.)
Chinese Quality …?? Never .. Never
@@ChuckUstaad then buy indian iphones
@@ChuckUstaad
China's quality is the best in the world nowadays. Unless you're too cheapskate and you buy the roadside night market product.
@@fatdoi003You know BYD applied for EV making in India - if Quality is so good..why was it rejected ? BYD lost the “biggest future EV market to TESLA
@@ChuckUstaad obviously byd didn't pay enough bribes to indian gov't.... and how much time took BYD to level with Tesla? mere years and let's see how next few years will go...
The wage of UAW over $40/hour alone will kill any car makers in the US, EV or ICE.
EVs are essential and critical for China’s own national economic interest. Quality is supposed to be an inherent component. Design was area of concern which they took care of by collaborating with European design houses. Engineering was never an issue. Stage is all set now!
Brilliant and informative video 👏. Thank you. However, add into the equation the lowest cost of utility bills that include cheapest electricity in China 🇨🇳. With lowest costs of overall production 👏 in China, there is NO country in the world that can come close to competing with China for a foreseeable future. China is the Super power.
We were told in the 90ies that outsourcing was the solution for improving productivity. You would take a component calculate its cost of building it in-house and then bid potential suppliers for acquiring the component. It was the mantra that the cost of outsourced components were lower.
Then a company would lower the price every year, untill only a few suppliers remained.
The result is Europe and the US. Thousands of workers on the street, never finding a reasonable job again. Despair on the one side and gleefullness on the other because the managing class was praised by the shareholder and rewarded.
People knew it was immoral, politicians bought the ideology or were simply bought and now Europes winners of them are enjoying their money and the next generation cannot compete. How come?
Outsourcing is bigger profits for lesser work. lesser work means lesser employees. Lesser employees mean bigger paycheck and bonuses for the big bosses.
But now, it is biting the US in the ass. It has no manufacturing industry to compete, no trained workforce, no trained engineers, technicians, scientists and researchers. Thus it last resort is to sabotage the competition by sanctions, tarriffs and whatnot.
@@rap3208 Free Capital flow is another way to force labor to accept misery salaries. By opening the gates of capital one deprives labor in the west with a means to fight.
Another observation is that the exchange rate between China and West is biased. How come demand for chinese products is not driving the YUAN/USD up untill the exchange rate reflects the productive labor hours? The exchange rate of the Yuan to the USD should be 1 to 1. Who besides western wholesale buyers benefit from the difference? Are the Chinese afraid of breaking their western customers because what else do they get in return for their hard earned labor? Treasury Bills? Can you eat it?
A reporter asked a BYD official if they have plan to set up factory in US. the official said no. then the reporter asked why and the official said it's too complicate to do business in US. 😁😁
India ordered X number of EV buses from BYD. BYD demanded 100% payment upfront.
BYD is a quick learner.
Long live Russia-China friendship!! 中俄友谊万岁！！
❤❤❤
f**k
China wants Siberia back and very soon it will get it back
are you on the wacky baccy.....chewy
Reminds me a jaguar who caught a baby antelope and doesn't kill it yet, playing with it...
Kevin, first class eloquence.
Probably helps BYD when it received $3.7 billion in direct subsidies from 2018 to 2022 from the CCP.
Relying on 100% tariffs and sanctions on semiconductor chips is not the solution. The party leaders were sleeping at the helm and allowed America to lag behind for far too long.
High quality content, well researched and to the point under ten minutes. Slick. This channel has got to grow! Subbing.👏
It seems these days the cars made in Europe, USA, etc have the poor quality and reliability expected from China so why not just get a real Chinese car for less?
Fantastic video on how Western companies of all types of Production Value for the worlds consumers cannot compete with the Production Value offered by Chinese companies. The entire concept of Human Productivity and all the Western financial arrangements based on it are shifting so fast that the Western societies are about to be hit by a tsunami of FAILURE. Instead of cooperation and mutual integration with all the nations of the world, Western greed, arrogance, and profiteering has led them to the end of their road. We will soon see if they jump over the cliff into oblivion or turn around and join the world.
I have been driving a xpeng p5 for almost 3 years now. I am very pleased with it.
You saved so much money 👍
ive been driving my 90.s lazer ( $ 250 au ) for 3 years ( march) i am so pleased with it ))
Where is all the power going to come from to charge these millions of large batteries?
The part that made China products affordable is: China have good and affordable infrastructure (school, hospital, housing, road, rail & mobile carrier)
i’m living here USA more than 40 years and seeing China changing, but most of Americans didn’t know what’s going on, their life Being affect a big way!
Gotta a question, can anyone make a good 5 speed manual if it is electric? I enjoy manual.
Can we have a minute of silence to pray for Western manufacturers of vehicles ? Amen.
Why is BYD market capitalization at $98bln, Toyota $230bln, Telsa $650bln? Is this a fundamental huge mispricing and pointing towards a gross under-pricing of BYD share price?
Tesla is overvalued, BYD is undervalued, While Toyota is a sinking value.
@@TheKkpop1 Underestimate Toyota at your peril.
@@ExternalInputs....Toyota is stuck with hybrids and hydrogen technology. Toyota is digging a tunnel to nowhere......
@@jameslum8822 There is another reason. Japan has almost no recoverable minerals needed in the EV industry. Everything must be imported. And secondly, it is a high-cost country which contributes to the high price of cars and components made in Japan.
The days when the US n G7 countries can continue to make exorbitant profits from their hi tech industries due to their complete monopoly of key technologies n lack of competition is gone.
Empires rise n fall n those countries that remain delusional n refuse to accept reality will fall even harder.
Thanks.
I had to subscribe, after seeing few of your levelheaded reports. You are 'rare breed'
Greetings from Finland, the no.1 of oldest cars in roads, becouse of taxing and taxing everything car related.
If the good of the people is what counts, then PRC EVs are rewarding for the masses. They give people the opportunity to enjoy comfort, aircon and a good sound system.
Nice to hear Chinese products are made GREAT again like they had been for hundreds and thousands years
The seal costs over US$50k in UK. Far from the $30k in China.
That’s the freight and high tariffs on top of the price. If manufactured in Europe, the price would go down quite a lot
It's very hard to believe a bank would buy cars and pay for them to be stripped and evaluated. It must be a very strange bank.
More vertical integration: BYD ordered its own fleet of ro-ro freighters to ship its products across the world, further controlling the cost and keep it low.
Not sure how a bank is suddenly the arbiter on whether a car is " good " or not ?? A bit absurd don't you think ?? We had exactly the same panic when the Japanese started exporting cars . it never works out this way .
Will a Chinese car be worth it when they are hit with tariffs entering the US? If a $30k car costs $40k in America it is still the quality of only a $30k car.
The unspoken issue in the ev craze, is that there's a basic disconnect in an assumed demand (which may not materialize despite government mandates) and the electricity required to phase out all IC vehicles. The basic infrastructure required to support recharging is not in place now, nor can be delivered within the next 10 years. This is because in order to generate the electrical energy to replace all the gas for our road ways will require an additional 10,000 to 20,000 power generation plants with the necessary distribution networks. This massive reinvention of our electrical grid would rival the response of the US military-industrial complex following WW2. America went from have 4 aircraft carriers at the start to delivering an aircraft carrier every month within 2 years. And that was when the US recognized the threat. But this aspect of a required link in the ev revolution is NOT recognized thereby not discussed or even on the list of issues needing attention. One solution that will not work is fantasizing that wind and solar can even be considered. NG power generation is frowned upon because it's oil based and that leaves nuclear. Nuclear is an option, but the enviro activist hate nuclear more than coal. So good luck BVD, build for car lots sitting full of unsold, not in demand product.
Did any of the engineers actually drive the Seal for any length of time in real world driving? Is see not all people like the car after owning/driving it.
The UBS reports that ANALYSTs have analyzed one BYD model, not ENGINEERs. So that‘s financial guys pondering over their spreadsheets, not engineers tearing down a car.
I was waiting for the “tear down” and engineering report on these cars. Instead this was all about economics and vague statements about build quality. If I was considering buying a BYD I would want to know more about the nuts and bolts of the thing.
How does BYD provide support after the sale?
Former US vice president AL Gore won peace nobel award by just talking.. talking.. and only talking about environment and global warming.
It's what they do best...talk!
Barack Obama too, and all these people not only have done nothing for a better environment, but we are constantly under wars all over the world thanks to them.
What ironic
Both US and EU leaders are in panic mode. Car industry used to be their key industries.
They have two options.
Allows chinese cars to come in.
Or allow chinese to build and produce in their country
Another option is to use the old national security card and threaten to ban Chinese EVs, unless they sell to Uncle Sam. 😂😂
It's not that serious.
There has been no automobile industry in Britain for many years, and UK still exists.
It's been awhile since cars were a key industry in the US.
@@amandagrant4331 Aston Martin, Rolls Royce , Bentley, just to name a few that are build in UK.
There are a few quiet achievers in the Chinese auto industry, SAIC, GWM and Chery. BYD might be getting all the attention it deserves, but the others have been gaining bigger market share worldwide, even with their ICE cars. You so often hear the lazy "Rubbish Chinese cars" comments. The smarter consumers are buying up good value quality Chinese cars and saved a lot of their hard earned money. So, let the ignorant ones waste their money, while we make our wise decisions. It's what Charles Darwin taught us.
The information was from Sept last year. A lot has changed since. A smart phone maker Xiaomi has launched its first car that is better, like 670 bhp, 0 to 60 mph in 2.8 sec and a range of 500 miles, and cheaper, price starts at $30,000, than the Porsche. It sold the entire year's production within the first 24 hours of the launch inside China alone. There are car manufactirers bringing out cars fitted with Sodium ion battery, solid state battery while others are concentrating on self drive, long range battery, fast charging etc, etc.
China doesn't have vast oil reserves to support endless ICE cars like the US so it has to make do with the EV.
I want one in Canada!
I love this channel. I look forward to knowing about the global market. I'm a nurse, but I'm very interested in getting into the global market. Thanks
Europe and North America just have to ban byd and claim some parts in the cars may pose risks for national security. Wasnt that how huawei was banned. Thats why We always win 😂😂😂😂
Therefore Yellen's accusation of over capacity is as usual like most amerikan accusations against China, false.
Thanks to BYD, OVER PRICED Tesla WERE Forced to CUT Price.
BYD is LEADER Of EV.
TSLA Will CRASH Below 100
They also don’t have OSHA, the EPA, every other government agency we have to deal with in America and they can also use what we would call slave labor. A friend of mine a engineer went the to see how airplanes were converted to cargo planes, he couldn’t believe how they were doing it
EVs, and particularly hybrid models, can be highly beneficial in both electricity-abundant and electricity-constrained regions, offering backup power source, efficiency, and flexibility that traditional ICE vehicles cannot match. This backup power capability is a major advantage of hybrid EVs over traditional internal combustion engine (ICE) vehicles in areas with unreliable electricity. The battery can provide a crucial safety net and ensure mobility and continuity of supply is maintained even when the grid fails.
I have heard that some insurance companies will not insure some EVs (or places where EVs are garaged) because, particularly the Chinese cars, have a propensity to spontaneously combust. Even the batteries that merely malfunction, and not totally destroy the car, are not easy to diagnose and repair. However, their designs do enable the batteries to be built cheaply. Fire departments in the USA have to invest in special equipment to fight EV fires. I understand that Tesla batteries that lose a cell are much easier to diagnose, limit damage, and repair but I do not know if this is true of European and American EVs. This report seems to concentrate entirely on cost to produce so I guess UBS' concerns stop after the sale.
5:57 it will be sooner probably. Not an expert, but people are not talking about most critical component in my view regarding EV are reverse supply chains of those batteries. I personally don’t think Europeans are anywhere near to Chinese capacities. Of 1.recycling supply chain.
2.Replacement and Toyota 3s model.
that's good, waiting to buy BYD too, once the local factory here started its sale.
There was no mention of Tesla!
Whatever is good for consumers is good for the world !!! Well done China !!!
Takeover of the global car market already happened in the 70's and 80's under the Japanese producing a cheaper, higher quality product. Sure it can happen with EVs 😊
Buy on price, pay twice. The long-term overall cost of BYD, or any BEV, is not receiving the level of scrutiny that in needs. A lot of EV buyers will learn the hard way . . .
depending on the model the Seal in Australia is priced between $50k and $70K.
I am hearing in the U.K. that when cars made in China and sold here are O.K. until there is a warranty claim. This becomes a problem when the fault is not rectified quickly. Is there any other car mechanics around the world having this issue ?
I invested 300,000 right after BRK'Bs report that W Buffet invested and going to hold for 10 years. It will be rewarding for sure.
I'd be interested to know what sort of "after sale support" will be available around the world. Buying a car that you struggle to maintain is not a solution.
what a world !
Last time China bought US products to learn from them.
Now the US bought China products to learn more about them !
It is a strange world !!!!
Thanks for sharing and surfacing the truth. 👏👍
at the very end of your video, is what was heard someone praying? just couldn't hear a word LOL
judging by all the BYD fires i assumed BYD meant BURNS YOUR DREAMS.
The West once had vertically integrated industries. But in the name of unlocking shareholder value sold off all the non-core industries. What was the result? Higher cost products that are difficult to integrate and run like garbage.
Are you meaning Boeing that has had already 2 crashes this year, on top of the blown-away airplane door, and a blown-up toilet storage pool for "that thing" amid air?
BYD's highly competitive & successful vertical integration is a first class argument against globalized supply chains. Maybe western economists were foolish to evangelize globalization & outsourcing? The end result has definitely produced winners & losers, and now one only has to check the scoreboard to see what happened.
In any case, China was brilliant to fully utilize all the benefits of globalization while minimizing the liabilities to their own domestic economy & national sovereignty. Well played!
is that advantage factoring in they don't have insane labor contracts either?
Greetings, Reality is reality. Although many want to deny it.
Quite a few of them are in this comment section too.
Vehicle assistance best in class??? So another investment bank is judge and jury??? People who drive these vehicles will decide if the product is quality…
Do your home work and research and you would find that BYD is the last car one should ever buy. The so called growth of BYD is deeply over stated and there are reports that BYD is staging cars in vacant fields in China because they really are not selling and are having serious fires with the EVs. Some reports are saying that in Europe will start restricting imports because of the number of quality reports.