Masses of unsold Chinese EVs are piling up and blocking European Ports
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- เผยแพร่เมื่อ 29 เม.ย. 2024
- Masses of unsold Chinese EVs are piling up and blocking European Ports
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UK insurance are giving Chinese EV a hard time as apparently the parts are hard to source on accidents and repairs. Insurance on Chinese EV is sky high and also sky high for Teslas
In UK, insurance is defined as (stupidity of driver) * (performance of car) + dodgyness of parking place. If you actually compare an EV like for like then the insurance for and EV is the SAME as an ICE car. Regardless of you like or not like a car, insurance goes on liability. So a Tesla long range model 3 is the same to insure as a AMG merc or M sport BMW. A Peugeot e208 is the quickest 208 you can buy so the insurance is the highest 208.
Parts are universally problematic across the industry, it is worse for new Chinese cars as there is no infrastructure.
@user-uk8tl3xy9e the higher costs are mostly tariffs from china into the UK and VAT. The prices are high for equivalent cars, but will be falling rapidly
The additional problem is that the large cars make more profit, hence the too many stupid big SUV EV at the moment.
Battery costs are falling rapidly, what this space.
Made in China. No surprises there.
In America, Tesla sell very reasonably priced insurance for their own cars, so not sky high as you say.
@@FloydThePink you want to try and insure one in the uk with a 50% increase in one year.
I picked up a GWM Ora 02 (Funky Cat) recently for £100 a month leased for 2 years. Fantastic deal, I'll take a punt at that all day long. £100 a month is mad, and the car is awesome. Insurance is a little more expensive but what the hell, it only costs £5 a week to charge up.
The main problem is that they do not sell directly, they use the usual dealers, and no one of the Chinese EVs is really cheap. Each of them is at least 2 times more expensive than in China... even the cheapest is over 40 k euros...
In our part of the world, prices are reasonable, very reasonable and EV growth is consequently quite high. Roads are quieter and air cleaner.
The problem is that they don't want to invest in EU.
Kia started to sell in EU after they invested in EU. They are producing cars in EU.
@@plau2007 BYD is building a huge plant for batteries and cars in Hungary. CATL is building a huge battery plant in Hungary. I think Elon and Tesla were fooled into investing in the worst country - Germany.
@@costiqueR Is building. I am expecting the first car and the first battery.
Until than Chinese can keep dreaming about selling cars in EU. If they the The EU will not use the same "weapons" as the Chinese government used 20 years ago, they are dreaming.
The only made in China EV in top 20 sold in Germany in January 2024 is Model 3.
At the price BYD are asking in the UK they are going to be a very hard sell, a Tesla is a far better package for UK customers
I would never buy a car made by Burn Your Driveway!
L😂L @@SimonWebbRCandModellingChannel
@@SimonWebbRCandModellingChannel
OMG! Very awful news for Byd. They lost a customer. Gonna hurt them badly.
@@kamsunleong6648 he was never a customer
Same in Australia
If the cars where cheaper priced they wouldn't be stacking up. BYD are priced quite high compared to mg.
Blame your leaders for traiff
@@vlogkitsune6785MGs will be subject to the same tariffs
th-cam.com/video/d1FTeNcKabs/w-d-xo.htmlsi=4cklUOvauk3Dwuqy
Truth would by BYD but not for double price here in EU.
....ok...then start to earn as much as the average Chinese person first. Or buy it in China and drive it to your place.
@@chillfluencer don't worry, sooner or later.
BYD are way to expensive in europe. At least the dolphin is too expensive, it is starting at 320 000 NOK with winter tyres in Norway. Thats aprox 30 000 USD.
MG is selling more because they are cheaper. MG4 starts at 266 000 nok. (24 400 USD)
BYD and other makes except MG are prioritising other markets over Europe given the looming tariff war brewing over Chinese EVs in Europe, BYD has lowered prices and has become EV leader in Latin America, ASEAN and Central asia.
I thought Norway was so prosperous. How is it that Norwegians can't afford a $30k car, but the average American car purchase is $48k?
Americans don't save money and live on credit.@@darylfoster6133
Because the Norwegian middle class is struggling. We have record high loans, and now the interest rate is up. The Norwegian crown has been devalued by 50% in 10 years, so basically Norwegians have lost half their fortune, and arent rich anymore.
@@XalifThe same applies to the middle classes in most Western countries.
We have the same issue in Turkey; governments put 50% extra tax on Chinese electric vehicles, in order to save the local electric vehicle brand TOGG…
Meanwhile in the U.K. I can buy a Turkish made PHEV Toyota with the option of a ten year warranty.
Surprising that China did not create an after care service that would cover ALL Chinese products with adequate parts supply for damages and collisions?? It's not all sell cheap to get actual customers!!
Have to be step by step, China doesn't have experience to sell large amount of cars around the world especially selling to the Western countries' market, they need to learn from their mistakes, that needs time.
Surprising ??? Not at all. Remember, it was made in China !!! 🤣🤣🤣
Except these cars are not cheap...
@@miti4045Taxes and tariffs make them expensive in the West
I heard the same thing about Kia when they first launched in North America. They need to build a fully stocked parts warehouse in the country or at least in a central location to support the dealer/repair network.
Chinese cars in Europe have plenty of spare parts. The parts are in the ports packaged to look like complete cars
Insurance companies wouldn't be allowed to use those and would anyone know how to remove and fit them ?
Who told u that . Evs require less parts
@@zacksmith5644I think it was sarcasm 😅
Nobody in Europe believes that MG is still a British brand.
Its success comes from an existing dealer network, reasonably good prices and, in particular, good electrical features. And MG, unlike Tesla or Kia/Hyundai, has a nice hatchback in its range.
However, VW in particular should not be written off. With the new engine unit (APP550) and Software 4, VW is taking a big step.
And when I see the software problems with the EX30 and Smart #1/#3, I wouldn't buy a Geely model at the moment.
At least in Germany, the price/performance ratio of most Chinese BEVs is not really good and without good service, the risk is very high.
The VW software which was made by a CHINESE software company after VW got rid of its own underperforming IT/car software division?
(They ultimately bought the Chinese car software company btw, so its now a part of VW)
@@johnsamu Maybe, i don´t know the reasons, but the result.
In any case, the old prejudice that Chinese BEVs have better software than European ones is no longer true. At least not in the mid-price segment.
@@meersde If not so WHY did the VW CEO dismissed his ENTIRE european EV car software department to exchange it with a Chinese EV car software company??? I might assume he is better informed about the capability levels of software engineers than most people including me AND you.
@@johnsamu Check your sources. At Cariad, around 2000 of 6500 jobs are to be cut. The statement that all jobs have been replaced by the Chinese company is false.
@@meersde The entire topmanagement (except for the HRM) has been fired (according to the German Handelsblatt) and 2000 people from the old organisation will be fired in the coming two years. IT engineers can always be used for different tasks and contracts can't be terminated very easy in Europe. VW will always need an IT group for new projects and support but the real development will be (organisational internally) outsourced to the new Chinese company. The number of the size of the remaining group might INCLUDE the newly bought Chinese software company?
They need to block them from being unloaded from these ships. Also they need to be charging fees for clogging up ports with these cars that has no where to go.
I wonder if you are one of those people who argue for free markets?
@@bobwallace9753 There is no such thing as a free market when dealing with China. The production of every single vehicle was subsidized by the Chinese Government. China just dumps it's excess production of all items overseas - it's impossible to do the reverse and sell / dump into China. It is not a free market.
That's why Chinese bought all the ports all over the world and BRI, all the train networks, they force you to buy their product and product only
@@josephwallis8965
When US companies play hardball in world markets we applaud them.
That are also fire hazards
What I worry about with buying a Chinese EV is getting parts when something breaks as all cars do. In 15 years when I need a motor/ controller or even a door handle will i be able to get one? My girlfriends Samsung dishwasher had a small electronic board fail and it was more than the cost of the expensive unit in total and would take months to get to USA. It is just too risky with no BYD or other Chinese service centers in the USA.
15 years? You think some junky $10-15k car is going to make it 15 years without repairs?
Be plenty in the scrap yards by then
Do some housework
lol Chinese cars won’t last 5 years let alone 15. Chinese are used to throw away products no one in China expects to keep a car more than 3 years. Chinese manufacturers are use to this and they need to make a longer lasting vehicle for the western market where a lot of people keep their cars for 10 plus years. I would completely stay away from Chinese cars because of this.
@@stevenbarrett7648 see that's very insightful thank you for sharing that
If Chinese prices get low enough, you could use them as mobile storage batteries and connect solar/wind sources to them.
Think of it - a mobile battery that you can easily move or dispose of! [and a second car if your first one is in the shop]
Well, at least those with battery packs that don't ignite/explod🔥 while charging!
I was ordering a byd seal but cancelled with the santander leasing as as insurance was a complete no go , so ordered and took delivery of a audi q45 electric and wow so pleased I went for audi
Please send them to Canada! EVs and cars in general here are too expensive and lacking variety!
With pleasure, we dont want them here.
hopefully they fix sending spare parts soon.... its truly important to have them avaliable to fix already sold cars
I don't understand. If you can send cars, you can send car parts obviously. @@alexhguerra
@@agusdharma1526 No Place To Store Them( ie )dealers?
@@richardrhodes-gc2ko I thought EVs didn’t need spares ? We are told they only got a battery & motors that will last forever lol
Te solution seems clear to me. The ports charge a hefty parking fee. If it is not paid - refusal to accept any more of that brand from the ships. if it persists - court action to attach the cars and their removal to an inland parking area (field) for reduced parking fee until the unpaid fee equals the value of the car - then scrap it.
I thought india's 100% tax rate on foreign vehicle was insane but now looking at the Chinese EV dumping strategy, it may make sense to tax the hell out of them
It’s not insane. Vietnam charges over 150% for import taxes on any car not manufacture in Vietnam or ASEAN Countries
In Europe we have choices. BYD in my country has the same price as VW.
buy an vw, a european worker has a job !
@@vincentlehmann646 i would prefer a VW from my country, but they just produces Ice
@@contraplano3157 using ICE car with hydrogen fuel is still relevant
@@Terkini-pr1nj In Belgium there are only "3 hydrogen stations ... and they won't last
@@vincentlehmann646 LOL do you seriously think the U$EU corporations cares about the ordinary worker!!!!
Remember that VW and many EU corporations are choosing to produce their stuff in China!!!
Corporations don't care about your politics nor do your politicians dear.
You're quite correct, I looked at the Atto3 thought it was excellent. But for Tesla money? I don't think so 🤔
Which is why you see 25 to 1 Tesla/BYD on the roads here in Melbourne Australia.
France generates 67% of its electricity from nuclear power. That’s far more than the global average of just under 10%. Nuclear isFrance's dominant power source. Nuclear power is the lowest-carbon electricity source, allowing France to have a very clean electricity mix for decades. Per unit of electricity, France emits far far less carbon dioxide (CO2) than its neighbors and has the lowest-carbon power in the world. The global average is 438 grams of CO2 per kilowatt-hour of electricity generated. In France the figure is 85 grams.
Wrong. While the lifetime carbon footprint of nuclear is low, it is higher than that of wind and solar.
When advocating for nuclear please be honest. Don't try to use the cost of electricity from a paid off nuclear plant and claim that's what electricity would cost from a new nuclear plant. New nuclear is roughly 4x more expensive than unsubsidized wind and solar.
And be honest. Nuclear needs storage just like wind and solar need storage. In addition, nuclear plants need standby generation that can step in and take over when a nuclear plants goes offline.
@@bobwallace9753 WRONG YOURSELF BOB! I have neither the time nor inclination to educate you; reeducate yourself or quit pretending to know or care about nuclear, wind, and solar. Math and physics isn't that hard.
@@beautifulgirl219
You seem to not have mastered the economics of electricity.
A bit off topic here unless you are trying to prove that nuclear in China is also behind their economic success due to cheaper electricity?
@@dominicwild3189 China offically takes an "all of the above" energy policy, including nuclear, and is rapidly expanding nuclear capacity, compared to the U.S. and some of the rest of the world. China's energy regulator, the National Energy Administration, set the country's nuclear capacity target at 120-150 gigawatts by 2030, up from about 38 in 2017. Nuclear is absolutely economically competitive according to the China National Energy Administration, which has both commercial and safety mandates; the U.S. has no commercial mandate, only a safety mandate, therefore, the NRC has nearly killed the nuclear build industry in the United States. Overblown & overpriced "safety" services, carried orders of magnitude beyond the safety science, are profitable and delay speed of construction, which creates long timelines for borrowed money, and translate to 70% of the expense. Prior to the NRC (middle 70s) average build time for 100 nuclear reactors in the U.S. was 36 months. They were inexpensive.
Whatever happened to the WTO, and all the "free-traders" in the US? What about parts & service on Chinese EVs outside China? Maybe the Ports should hook the EVs up to the Grid and sell the electricity!
The WTO requires three judges to be appointed to make rulings on disputes. The US has to agree to appointments and has refused to appoint a third judge, effectively rendering the WTO ineffective.
It was always only intended as a weapon for US corporations to use, hiding behind the fiction that it was a ‘global’ body. Many of the ‘sanctions’ of the type being imposed on Russia and China are illegal under WTO rules, so the WTO has been removed from the picture.
The free trade idea didn't work out very well because in theory the U.S. wouldn't put tariffs on their stuff and China wouldn't put tariffs on their stuff but what actually happened is that the U.S. didn't put tariffs on the stuff going in to China but China continued putting big tariffs on the stuff going to the U.S. The result being that the U.S. ended up buying lots of China's goods but China bought very little U.S. goods. That huge trade imbalance caused America to lose trillions. So yes, some people in the U.S. have grown tired of being taken advantage of.
@@jlrutube1312 Was that the "big win" for Donald Trump? His trade war has generally been a disaster. Biden was left that legacy and we haven't heard a lot about it since. I don't know what they've changed.
@@jlrutube1312
That’s not true at all. The ‘Walmartisation’ of the US consumer market drove the trade imbalance. Chinese have less disposable income than Americans (and still do), so I don’t see how you think they’d be buying expensive US goods when they make cheaper equivalents domestically.
The old US (and European) model was to import desperate people who would work for a pittance in their own sweatshops. Unions were able to bring up wages in Western countries, however, and thus profits could be higher by moving the factories to places such as China. It all comes down to how capitalism works and the greed of the ownership class. Unfortunately most of that class are far dimmer than Henry Ford, who realised that he had to pay his workers enough to buy the cars they were building. (Ford was a sympathiser of fascism, but he wasn’t stupid.)
@@boggisthecat Yes, what you say is true about the Wal-Mart issue and such but it is also true that China put big tariffs on our goods and the free traders in the American government refused to put big tariffs on theirs in return. That made the trade balance even worse. This was true of automobiles and steel and many other things.
Thank you for not closing the channel. I get a lot of Tesla China news from you and appreciate it much.
The Senator expressed concern at China's covert Intel gathering devices in Chinese cars. China does not allow US vehicles near official buildings.
Intel ? So the Chinese government will know where I live, which radio stations i listen too, where i do my shopping etc... who gives a fk ?
Every device that a person uses is being monitored...even your comment. Stop being so paranoid.
Especially Teslas
Tesla only, but not “US vehicles”
That's Tesla only, because Tesla is always recording.
@@ZweiZwolf If they're worried about our cars spying, then they're definitely planning to use theirs to spy.
you nailed it near the end, cars are twice the price in europe vs china, customers can see that and when they bought at 40k and dealers are offering 20k when coming to resell it.
It's magically half the price less than 3 years later? so was it overpriced when you first bought it? Probably. Private customers are not going to buy new, just wait for 3 yr old electric cars to come to market. I can see why they are called "Stealerships" Daylight robbery in the UK
Let the consumer decide. If the quality is crap, it will work itself out. If they are better, the market catches up.
The Yugo came a long time ago and sold for 4k. Nothing happened. Market forces self corrected.
The insurance issue also happened to Tesla cars from 2010 till 2016 when Tesla finally announced they would start insuring Tesla cars by 2017. Problem solved. Chinese car manufacturers can do the same. In its early days of Tesla, Tesla car owners also waited for months for parts to be ready to fix their cars. Tesla cars broke down easily. My 2018 Model X had rear drive motor failure and has been replaced. Front upper arm failure (famous for performance models of S and X), interior rattle at multiple areas including the moving panels of the GullWing doors, water condensation in rear lights, left rear mirror not folding, rear liftgate not opening all the way, front bumper misalignment, rear bumper misalignment, paint issue due to paint was too thin and easily chipped. At least, the Chinese EVs have very very great quality right off from the factory with no easy-to-find panel gaps and no rattle as many owners have confirmed in social media in China compared to owners' complaints of new Tesla cars.
They should have followed the Tesla model and set up there own distribution centres. Therefore cutting out our dreadful dealership model. The price is the main factor. Sell them cheaper and get them seen driving around. The best form of advertising.
It really is an effective marketing tool if you have a good product. The grape vine of people talking to one another will boost a products sales pretty quickly.
The third party Car dealers who ordered for these cars should be asked to pay hefty perdiem parking fees.
...lol, you think they're allowed to park them there for free?...
I don't think the dealers ordered anything. They just signed with the Chinese brands that they will market the cars, and the Chinese brands thought : cool we can send boats full of cars...
I'd rashly assume that the EU follows the same financial model that the US does. The belongs to the maker, until it is dropped off at the dealer. At that point ownership transfers and the dealer takes full rights to the car, inluding storage and finance charges on their purchase of the car.
Storage fees accrue against whoever shipped the car, unless some local distributor has taken possession of them.
They're racist
Tariffs are 10%, but prices are still super high and certainly not cheap! With taxes still much more than any ice version. And no MG is not seen as European. The car is actually somewhat affordable. Europeans have poor spending power. People from outside of Europe need to frigging learn this.
In the U.K. the taxes on EVs are very low if you lease. So BYD should be targeting the lease companies. I guess their concern is that they cars will be worth £10K at the end of the lease. Even Audi EVs are only about £20K retail once they are three years old.
Why do the ports allow the cars to be offloaded? Do they charge for rental of the dock space?
My friend recently bought a new IC MG, she didn't know it was a Chinese vehicle until her young grandson told her.
Even if you just compared cars on tech specs, the MG is a good one. She didn't "get taken" on that.
My air fryer bought years ago need to be replaced. I said I will check out Temu, my wife said the Chinese one may not be as good as our current one. Without knowing the current one was made in China after she used it for years. 😂😂
@@cinpeace353the stuff on temu is still dramatically lower quality than the generic no-name stuff sold in the west thats also made in China. Nothing on there is forced to pass any safety standards whatsoever whereas your local supermarket or electronics store would get into severe trouble for selling stuff like that.
I know where the local MG dealer is and they have been there for years. I would have doubts about an Ora Cat or similar.
@@DeadNoob451 Ahaha, no, it's just sold directly rather than with a huge markup for a Western-labeled box.
simple reason....they are OVERPRICED !
Why would dealerships want to sell cheaper cars? They would then have to sell more cars to make the same commission.
@@andrewharris3900 That's part of the logic of US dealers who know they can sell big ICE cars for profits. Everybody needs to start pricing similarly, to make it a smooth economic transition from ICE to EV and from domestic-produced only to internationally produced + Chinese.
@@markhathaway9456because price fixing to force things on the public against its will never had any bad consequences in the history of humanity. It's the one cool trick to get whatever you want.
Why are they oversupplying Europe and in Australia I ordered BYD Seal Premium on 2 Dec 2023 and still waiting for the car.
Your car is sat on the forecourt of Snows BYD here in the U.K. Unlike the Volvos they also sell nobody wants it 🙂
Regarding Chinese EV sales in the UK you need to appreciate that the new car market is dominated by company car/salary sacrifice sales. The car basically costs the employee nothing whatever they choise. Would you really choose a Chinese EV over an Audi, VW, BMW etc?
Byd is expensive in Italy not selling
Same in France, they dont sell anything here.
🤔
If it was just the case of getting the vehicles transported it could happen, overnight.
The problem is the eye-wateringly high cost of these Chinese cars in Europe, the distributors are having a laugh.
It’s not like we can’t see the cost of the very same cars in China is it?.
What will happen is a mass dumping on the marketplace to get rid of cars that have been sat next to salt water for months and months.
Snag is insurance companies are leery of offering premiums on cars that have little or no support in Europe, no spares and the manufacturers could be out of business shortly so two dilemma’s, high prices that will crash and high insurance premiums which will only go higher, talk about the rock and a hard place !
Maybe BYD should send them to Australia first where they are 2 months behind filling orders
Right hand drive models required, which may be a supply chain problem.
The 100% fee is not that ridiculous compared to what Trump did to Canada's bombardier: a 300% tariff.
BYD needs to open BYD dealerships for sales and service. That way BYD vehicles would be cheaper and get more buyers. Very few in Europe want to buy a cheap no name brand without after sales service and warranty issues.
That would make BYD liable for fixing the cars, servicing, them, etc. In China, auto service centers are... lacking in quality, ethics and competence.
I couldn't imagine how they could learn how to run dealerships from scratch in the West.
@@movinon1242 Well that is not completely fair for I have many tools made in China and they are cheaper and almost the same quality as North American ones.
The problem with Chinese ev's is that when you do need a part for them it takes forever to get it ... that is why they need BYD dealerships in Europe which they currently do not have.
BYD should auction individual cars
The first few would go for peanuts, then there would be a rush to buy
When a certain amount are sold, customers would be used to them and the prices would go to normal
Very few cars of the types they sell are sold new. They get leased for a couple of years first. I got sent a thing about it at work and surprisingly the wait for a Polestar was less than an MG or Tesla, although I expect it is the cheapest of the three.
😂😂😂 Planet cuckoo land
You’re spot on.
Chinese cars are sold here at double the Chinese price.
And, then Tesla M3 or MY are a more sensible choice.
Though, I do have to admit, among all the various EV-brands, last week I did see a BYD in real life. (Municipal Owned). Just ONE….
Go see what a Tesla costs in China vs your home market, and how they're selling. The Chinese market is more competitive, with lower taxes, lower transportation costs. Go price out what it would cost to import a Chinese car from China, and you'll see...
BYD risk too high, price too high. What is the residual value of BYD, an unfamiliar brand in Europe? BYD vehicles in Europe carry a price tag twice as high as those in China. Moreover, they are 10% to 20% pricier than comparable Tesla models. Tesla enjoys a solid reputation and boasts a well-established charging infrastructure. Given these factors, why opt for a BYD? Furthermore, in the event of repairs or maintenance, where does one turn for assistance with a BYD? And I know quite a few Europeans are reluctant to buy chinese products, which is a bit stupid because they do buyApple, or tesla built in china ...
People are less concerned about where their Tesla is made. In fact there was quite a bit about Chinese Teslas being higher quality. What they are concerned about is back up and they assume it would be the same whether their Tesla was made in the USA, China, or Germany.
p.s. I drove a GM (Europe) car for ten years and never did work out where it was made.
It's economic warfare without a kinetic war.
BYD should put a "hold" their plans on ordering 7 more of those *"Super Ocean Going Car Carriers"*
🤔
Indeed
Dream on. All the propaganda against China will bite the EU and the USA in the aXX deeply. China is learning that it doesn't need the EU and the USA and that it had a way too positive picture of these frauds.
Thankfully it already started to help new markets to emerge...food for the people who have been oppressed and fooled by the West for centuries...good for China.
China should halt all trade with the West as soon as these new markets are big enough so China can trade with them instead of the dwarfish EU and USA.
Latin America, West Asia and Africa are still perfectly viable markets
Why? Selling to Eu just Very little in numbers.
@toyotaprius79 The *Super Ocean Going Car Carriers* that BYD has right now is sufficient.
th-cam.com/video/d1FTeNcKabs/w-d-xo.htmlsi=4cklUOvauk3Dwuqy
UK People who buy MG vehicles are under no illusion that this is still a British brand. They are popular because of their value. I agree with other commentators - there are no really cheap chinese cars in the UK. Dacia Spring is coming soon though.
EV sales are in serious decline in most European markets. Tesla is slashing prices and their workforce in a pretty desperate attempt to halt the rapid decline in their stock price.
I’ve never seen them advertised in the UK . If the price is right, I’d have a punt 😊
If Russians and Chinese buyers are complaining about BYDs quality I wouldn't want them.
Smart
We do complain in russia. Not only about byd, but anything chinese w the wheels. There’s a lot of reviews on that sht. They disassembled a lot of chinese brands. It is garbage. Literally everything. I’d rather buy an old used Corolla from 90’s, fix it if needed n it will outlast a few times a brand new chinese sht. Egh
@@Tictacsizesoulhow can you even consider a corolla if you are blessed with easy access to all kinds of cool Soviet era cars? I'd kill for a cheap 469
They aren't selling for the same price as in China. It's not 30% more for shipping, either. It's a massive markup. They are not cheap Chinese EVs. They are expensive Chinese EVs. The value is not the same as in China.
The main problem for BYD is the leasing deals are not favourable, it is a relatively unknown brand in the UK but is selling at prices and lease deals similar to VW, peugeot, tesla etc. people will naturally veer towards the known. MG on the other hand have great lease deals and have undercut the competition on price. A shame really as BYD cars seem quite good on paper. Love the seal but in the UK os priced £5000 more than the model 3.
And yet its better than all of totem
See BYD cars advertised on UK tv, but never seen one in the road,or come across a dealer.
Snows Southampton. They have only been selling them a couple of months though. Apart from their demonstrators I have yet to see one on the road though.
Sounds like good news.
Car manufacturing. Smart guy Peter Zeihan once said something that I still remember: "In China, companies are for the purpose of employment, not for the purpose of profit." And if the purpose of your car manufacturing company is employment, naturally you end up building more cars than you can sell.
That means they've decided to employ more people in car companies because they can't elsewhere, perhaps in construction. But, they have to pay attention to regular economics, perhaps especially for international trade. Other countries can't command people to buy.
Thanks!
Big difficulties in Europe when trying to buy a Chinese EV. That’s so mean! In all stillness the Europe’s governments make it almost impossible to buy one
Of course you can buy one, it's not impossible at all. But comparatively they aren't worth it with the mark ups and EU tariffs. And there's the insurance costs (lack of spare parts and mechanics who know the cars). And there's little to no brand exposure. Death by a thousand cuts.
...Google translate failed you...
The dealership’s are already full of unsold BEV’s.
What BEV's?
There must be 1000s of BYDs at ports in the UK as they are not registering many. Around 300 a month up to last month then 750 in March but many were leased at vastly reduced prices. MGs are selling very well and with some waiting list time for some models it's unlikely that many will be sitting around UK prots.
MG is only trading on the British name and will never sell in great numbers. Only people who are buying MG’s are either old or just given up on life.
| got an email about salary sacrifice car leasing at work and the wait for an MG4 was longer than that for a Polestar 2. I guess the lease is cheaper though. I suspect the people leasing MGs have more sense than money although the car park usually has at least six Teslas there🙂
The Chinese economic system is hard to understand .It is not only cars that they over produce .There are hundreds of thousands of unsold apartment built in what are now ghost cities.
China has an autocratic government and it is surprising that these important sectors are not regulated more.
They also need to do more market analysis before shipping them overseas because the worldwide demand for EV's is still quite limited as only a few countries have the infrastructure to support them
Their strategy is to flood foreign markets!!!
Corruption in China is endemic. Payoffs and fraud at every level in every industry and throughout government.
Oh well,happy days,return to sender 👍
Ship em back
They would probably be dumped at sea.
Living in the UK I'd say people tend to go for recognised brands unless they are either cheap or exceptional as an example Dacia has done very well in UK because they are cheap but I can't think of any brands that stand out as exceptional the only one in recent history would be Tesla and that took them years to gain popularity.
So Chinese manufacturers need to do long term test drives and sell directly to customers here to bring the price down.
Agreed, We have seen lots of brands come and go leaving owners with no support. Daewoo, Proton, Yugo, Saab and Lada spring to mind. I wonder if the person locally with a Fiskar Ocean should be worried>
As for Tesla a colleague waited over a year for her Model 3 getting one of the first in the U.K. It is difficult to imagine any new manufacturer getting that first mover advantage now.
I will buy one for £795, same price as my 27 year old Rover 618i 😬
MG is okay I guess, the MG 4 looks alright 🤔
Would love to buy one, but it's not really possible. Afaik EU is still conflicted about slapping import tax on these, because if they do, China might slap import tax on European cars in China, which is a much bigger market. Frankly I'm tired of the Volkswagen Group owning everything, it'll be good to have some competition here.
You do realise that stellantis exists right?
Chinese brands have an additional issue. The Chinese government supports Russian war efforts in Ukraine, indirectly, covertly or whatever. It may not be a dealbreaker in other countries, but in western Europe ... well, you can imagine.
Yes it's one reason but I think major reason is ongoing looming tariffs and European investigation over Chinese EVs,it seems like Chinese companies are not that much interested in Europe, they have lowered prices in other markets and have become leaders in Brazil, costa rica etc, ASEAN region, Central Asia but not yet discounted cars in Europe
A lot of Europeans don't think the US is a good guy either but they still buy American phones.
That's propaganda. The only ones supporting the war efforts are Western Europe and the US where at least the nominated leader for half its government has drawn plans to back Russia's claims.
In the UK its pretty clear.
Parts supply is a problem with Chinese EVs, they have a reputation for poor supply with extended time off the road (Impacts insurance). Then you have higher prices than people want to pay for an unknown brand, both of those compine to undermine sales & price you can charge
MG got in early with the ZSEV & MG5 at very competative prices to start with. Decent products at low prices. Whats happened to them is the prices have fallen around them so they have had modest price drops. They got some scale early on & have kept selling. The 5 got a foothold with some types of taxi operation too that has helped build trust in the quality of the brand. People do trust them.
Who is BYD? This is bit unfair, but what people see with BYD is a potential "here today, gone tomorrow brand" at virtually no price advantage over MG. BYD have needed a price leader, something distinct with a substatial advantage. But they cannot get there now as EU produced EVs are too competative. MG have a toe hold, BYD do not.
Stelantis are competeing very hard. You can get a brand new 50kW CORSA e right now at £19,500, cheapest BYD new is £25,000 (Dolphin). Citroen C4e from £21,000 new, ZS EV from £21,600, MG4 £26,400. Nissan Leaf £24,000. BYD think they are competeing against MG, they are not.
BYD have missed the boat, so has GWM.
About ports, dont pay too much attention to "cars pilling up" stories. Many ports make a lot of money storing cars, they also do pre sale preparation too. The story source is pretty anti EV. Its not the logistics either, you are right to question that. Its dealers & sales.
MG sells due to being sold very cheap. Noone bealive it to be British. some people just want the cheapest option. But a BYD, Nio, Xpeng etc are just not competitive for the price. Specs might be good on paper but they don’t deliver them. And… people just don’t want a Chinese car if you can choice not to. No one want a “look at my CCP funded Xpeng” on their driveway. Neighbours might see it. And sales prove it.
Europe has a lot of EVs on the market. I live in Norway, we already have 2 EVs at home, one for work and one for private use. We won’t need a new car for many years. Chinese EVs that are sold here are really expensive. We have a reasonably priced e-2008 Peugeot and are really content with it. I mean there are many European and Korean brands/models that are cheaper than BYDs or Teslas, not everyone wants an expensive car. In my opinion the Chinese brands are not as trustworthy either, they’re here one day and gone the next day and you’ll be left without service or any warranty. And you won’t be able to sell it used to anyone…
I may be able to buy a car if they take the price to £32.00
No dealer in UK will buy a EV second hand . Simply they do not sell easily on the second hand market plus warranty problems. No profit yet to be made..
Richard Symons seems to be doing well selling used EVs.
I wonder why they can't sell these EV's . . . Beats me. I'm at a complete loss on this one
Ev, poor range, poor charging infrastructure, absolutely terrible re sale values. The people are voting and they don’t want EVs
I guess they're also smart enough to not commit economic suicide by destroying their own domestic manufacturers!
Sounds like BYD are doing it all wrong
BYD is doing great in my country where we have service centers.
Tesla's competition is coming All over them self 😂
Stuck between a rock and a hard place. Try and sell them cheaply and the West will slap tariffs on them. Sell them at similar prices as legacy makers and no one will buy them.
@@kongwee1978 BYD is doing mass immigration, not going to work. It never does.
ev is misleading his viewers about unsold cars. all the cars that left Chinese ports are spoken for. they are sitting at the ports because of labor or transportation issues. it cost the dealers/buyers more to park at the port than elsewhere.
I certainly would not but a car for thinking it is english, quite the opposite. But I tested MG4. And it drives really well, is good enough at fast charging, perfect size for most use (not too big as many ev cars are, resulting in too high condumption with electricity prices through the roof) and has a decent range. So ticking the right boxes, opposite of many others lacking some of these. It sells really well here in Norway.
We know the price in China. And the price here in Europe is ridiculous. Also the price drop of a 2 year old Chinese EV is about 50%. I know since I bought a 2 year old MG ZS in summer of 2023. Also every one is waiting for the new cheap batteries and a huge price drop of new EV's will ruin those who bought one today.
ship these sweet cars to canada every thing here is suped expensive 1 hug hung mini ev please can use it to deliver pizza
Until it breaks after a couple of years.
I think the 100% tariff on Chinese EVs to USA is a great idea, period. But, MY main concern is that too many EV's from anywhere will ruin the reliability of our power grid for many reasons.
Most people know MG is Chinese but they have a long track record here. There are 2012 MG6s for sale on Autotrader.
Until this year I wouldn't know where to buy a BYD or get it serviced. A large local dealer has started stocking them and have a forecourt full. As for pricing I wonder if they would rather sell you a Volvo or Seat EV. Two of the other brands they carry on the same site.
1.5 years parked at a slaty port will destroy the batteries and all the vehicle components
Who in his right mind would spend their hard-earned money on a Tofu made car. Where is the dealer's, service centers, customers. Maybe Buick customers.
if they are disposable cars they need to be a lot cheaper
Right. Why buy a well made Chinese EV when you could buy a piece of diesel junk from VW? Or a constantly breaking down Ford product?
Chinese companies will have to build up infrastructure. I'll bet they do. And do so long before European and Detroit companies get their heads out of their nether regions and start making desirable, affordable EVs.
@@dangosypethauBut, are they " disposable " cars ? The same was said about the Korean cars 30 yrs ago.
@@bobwallace9753 Hay, I loved my 2009 VW TDI sports wagon.
@@ajett5081
That's fine. But what does a car built a decade and a half ago have to do with what VW has been doing lately?
Paying the same as a Tesla with a known second hand market value for something as expensive is pointless.
It might have higher range or gadgets but...
I ordered a BYD Seal in Germany in January to be delivered this month.
The dealer don't know when it will be delivered.
You should order NIO
@@fazlechoudhury7537
Too expensive.
You must remember at NIO you have to buy or rent the battery on top.
Nobody I know in The Netherlands would buy one - due to alliances with a Big Bear right in Europe, its biggest self-proclaimed friend is China. Sale ended.
I did not buy the BYD Seal because I could'nt fit a tow bar to it and I did not buy a BYD Han because it could'nt do 3 phase AC charging (go figure). Their models all seem to have some kind of flaw at least in my view. I bought a ZEEKR instead.
🎉
look at this article at youtube
"BYD Got $3.7 Billion in Government Handouts; Chinese EVs Piling Up in EU Ports - Autoline Daily 3789"
how can we compete with this unfair competition
Depending on what the Chinese subsidy is, if BYD wanted to flood the American market with cars being sold for less than what they cost to produce, tariffs might still be ineffective.
For example if you were practically giving something away or let's say selling it for $5 , then imposing a 100% tariff would only raise its price to $10
You would need a combination of tariffs along with anti dumping laws or outright prohibitions that go beyond just tariffs, if you wanted to protect your domestic market.
At the present time there is concern that Chinese vehicles might be a security risk to the U.S. and it may not be possible for them to enter the market at any cost.
@@howardj602Yeah, it's a scary thought you know but when it comes to cybersecurity protection measures and transparency in data handling as being an essential means of mitigating potential risks, then you could just about apply it to any high-tech item.
Like for instance, obviously mobile phones, and then there's photo and video cameras, home security and surveillance cameras, recreational quadcopter drones, laptop computers, cardiac pacemakers, anything with a microphone like TVs, home automation devices, etc, the list goes on and on.
@@howardj602 Oh, how-so? I haven't heard that particular argument.
So now they are exporting the EV Car Graveyards to EUROPE.
Great... just great, just what we needed.
And I agree with some here, so you bought a EV car from China, cool... now how to get it fixed when it breaks down, and reserve parts, and... oh yeah about that.
EUROPEAN car networks are REQUIRED after a model is kicked to the bucket to have like 10-15 years of reserve parts ready.
If Chinese government is paying for your car,
Then whats the problem ?
I will happily take it.
For F*** Saic 😂
Tesla's competition is coming All over them self 😂
I live in Antwerp and effectively there are not enough truck drivers on the job market.But that's just one problem. Nearly no dealerships (where are you going to maintain your car, znough spare parts?) and like already told much too high prices. Tesla is doing quite well here, MG too but for the rest people buy european brands and in lesser amount japanese (Toyota, Mazda). The aggressive 'dump' policy will only backlash on the chinese car brands.
By the way the BYD seal starts at 75000 Australian dollars here in Ireland ( Europe ) - that’s comparable to Tesla’s Model 3 - not exactly cheap EV 😮
In Australia the Seal is 12k cheaper than a Tesla 3.
The base Seal and the new Model 3 in New Zealand are 35,000 Euro after taxes.
Then BYD should be selling well in your countries.
These Chinese cars are lethal to every road user. Even the Chinese don't want them.
Yet BYD has a 5 star Euro NCAP rating and the European Renault Zoe has a zero star rating.
BYD's mkt share in Europe is only 1.2%. What's with the narrative of dumping EVs there?
He isn't saying they're dumping "large number of products at inordinately low prices". He's just saying they ship too many and the market isn't or can't absorb them that quickly.
Never a great idea for my own government to increase costs to customers.
They should be charging for the parking fees ... If they don't have their own dealership lots to store them they should have to pay
Tesla competition (in Europe) is coming All over them self 😂
Unfortunate that global EV sales are already declining.
Same with ICE...
Actually, they’re not.
They arent, but the growth is slower
They aren't
@@xaero98Year on Year quarter sales are down. Look it up. For a growth product that’s simply disaster. You can lose money but slowing demand is the worst development. Economics just isn’t there. Maybe there is more levers on EV motorcycles. Still economics isn’t compelling. Unlike Solar where there is a clear advantage in certain cases like electricity at about usd 20c kWh. Maybe breakthroughs in batteries could change this. Hopefully we get something much better that’s renewable sooner.
Most ports charge for storage. The manufacturers should be paying higher fees the longer the cars are idle.
No one wants EVs anymore, and the rest of us also don't want to deal with rising insurance costs for cars (accidents) and houses (EV fires).
No one want Chinese EV here in Germany only those carsharing companies use them