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In Latin America we don't have local auto brands to defend. So we don't need to apply high tarifs to import wherever they are coming from. We mostly care about affordable cars for consumers, and that's why China brands are taking over the market.
@@ingo_8628 it's not a local brand. So long as a chinese company buys the plant and keeps producing there, nobody really cares. BTW that's exactly what's going on in Brazil, for example, as BYD purchased Ford's former plant in Iracemápolis.
I....... haven't............bought............an iPhone..............in more than..........a decade!!! I just bought.............the S24 Ultra this year.😅
America doesn't like LatAm countries looking out for themselves, acting in their own best interest. If they get too far along, America might coup them, invade them, or stage a color revolution - possibly all 3, as history shows.
I usually buy Japanese cars because of their durability and performance but I wanted to support our American automakers and bought for the first time an American car, a Jeep. I had so many problems with the car since I bought it. It left me stranded several times and had to call the towing company sometimes out of pocket. I wasted time, money and sleep worried about being able to get to work every day and how much more money it was going to cost me to fix. I ended up selling it back to the dealership. I lost about $6,000. I didn’t want a trade in. Got whatever money I was able to get for it and went straight to Toyota and got me another car. I haven’t had problems since. Mexicans work even harder than some of us for their money. I can’t blame them for wanting to invest in a good car that runs well and lasts longer than a couple of years. I learned my lesson.
Never forget... Only buy Toyota... Only Toyota... I left my first car (a Toyota) in a garage since 2011 and I just gave it to my daughter... All it needed was a new battery and it still runs like new... Nothing done to it... You just can't beat that kind of quality...
Yeah, Jeep wasn’t a good plan. A lot of American cars are made in Mexico or Canada anyway. If you want an honest to goodness American car, get a Tesla.
My personal experience with two generations of Toyotas and Mazdas across three decades. In my personal experience Mazdas are even more reliable than Toyotas across twenty year lifespan. Less part replacements and less leakages. Don’t know how they compare to Honda/nissan/subaru though - I can only talk for those two brands.
Americans are kinda arrogant to treat Mexico as a backdoor, it is not enough they are treating latin America as backyard. Mexico car market is big enough to make Chinese auto salivate, and that is what BYD exactly kept saying, BYD is there for Mexico.
Trump said he will be tough on borders but it's also said he will convince Mexico to increase tariffs on China or he will punish Mexico. Trump will go full throttle on Mexico experts say
China is willing to invest in Mexico as their gateway to Central America. There is a HUGE amount of money on the table if Mexico wants to partner with China. If not, China will find another.
because china is a real threat!!! chinese would eventually claim mx's land as chinese states, i.e. california, texas and god forbid "new" mexico.... lolol
@@benmlee Tesla is known to sell their car with few testing. You should know that Tesla had done tons of recalls for the theirs cars every other year. China takes care of their people, safety is very important.
Mexico is guilty for wanting good quality cars at low cost. Guilty indeed. I do not think Chinese car makers want to "smuggle" their cars into USA, there are other markets in the rest of the world.
@@lamrof Well if Mexico wants to be an American stooge let them. The world needs to isolate the western world and let them bluster in their little pond
"There are other markets in the world." Absolutely, Brazil, Russia, India, China and South Africa known as BRICS a counterweight to Western influence in global institutions. BRICS countries have a combined population of 3.25 billion people, which is over 40 percent of the world's population and growing. Using access to the large US economy as bargaining chips to force other countries to do as we want is becoming smaller each year. And the American consumer is tapped out, increasingly they can barely afford necessities let alone new cell phones, TV's, autos etc.
Mexico showed under free market competition, US and EU brands have no chance against Chinese EV. It will happen globally in any market without a stupid tariff wall, it's just a fact.
Which means US car buyers will have to spend more of their hard earned money to buy a car than they otherwise would have. This leaves less disposable income to buy other goods & services. So while tariffs will help the US car industry (barely) survive, the rest of the economy will suffer from foregone sales.
To be fair it's not a free market because China is heavily subsidizing it's car industry and the US isn't. Instead we're subsidizing tax breaks for rich people and they in turn subsidize ride share services to try to dismantle the taxi industry, and the short term rental industry to try to dismantle home ownership and hotels in this country. Capitalism is a cancer and we're seeing the negative effects of it here in the US.
@@markboscawen8330 Tell me how many billions of subsidies do electric car companies get in China ? Have you seen how often Chinese electric cars catch fire 🔥?
Go and check what the Chinese customers have to say, this is why we need to get immigrants out of here, moving here hating our country, only here for the money and opportunities, China is taking immigrants you can avoid buy the car and enjoy the country, what's your excuse for staying here?
most of car price goes to car company senior management and Oil company! why ppl can't enjoy cheaper price to make their fortune! Struggle to pay hefty fee and car loan!!
@@TopEvidence factories around Mexico City??? You never been to Mexico have you?? The northern part of the country has the majority of the factories. My point was that the above comment couldn’t be more wrong
Why does Trump want America's working class to pay more for what would otherwise be low cost Chinese cars? Answer: he's an oligarch who doesn't give a toss about workers. I don't blame the working class who voted for Trump because the alternative was even more horrible, but MAGA workers are dreaming in technicolour if they think Trump will do anything significant to help them. He won't.
Remember when conservatives in the US were in favor of the free market? Chinese car companies are building cars for a market that US manufacturers and dealerships have completely abandoned-inexpensive cars and trucks of any type. I expect a full trade war before the Old Three allows cars that working people can afford to enter the market in any number. The middle class in this country is gone, and this was not an accident. Having an affordable vehicle to drive will allow workers to risk switching jobs or asking for pay raises without having to risk bankruptcy and homelessness. Not having affordable cars (and rent and medical access) helps to keep wages low. We need to move away from protectionism.
@@ericsimonson5852 I couldn't agree more. And, btw, what have America's auto companies ever done for the working class? Trump will do what the ruling class in America wants him to do while handing out crumbs to the workers like exempting their tips from federal income tax while doubling the cost of affordable vehicles from China. American (so-called) capitalism is circling the drain.
They’ve been super aggressive with their pricing and seem to be offering solid vehicles, especially electric cars. Mexico’s market has been receptive to that, particularly because Chinese automakers like BYD and Geely are giving consumers more affordable options
It’s impressive, but it makes me wonder how sustainable is this growth? I mean, they’ve definitely captured a lot of market share in Mexico, but how will they compete in the long run, especially if they want to expand into the U.S.?
I think Chinese automakers are playing the long game. They’re using Mexico as a launchpad, building a strong base there to eventually target the U.S market. Mexico’s location is strategic being right next door to the U.S helps with manufacturing and logistics
but I think there’s more to it than just being able to offer cheaper cars. Chinese automakers have really invested in technology, especially with electric vehicles and autonomous driving features. That’s something they could use to compete in the US, where Ev adoption is growing. But the question is, can they overcome the perception issues? American consumers might still be skeptical about the quality and reliability of Chinese cars
The Problem EV's are Toxic to the Environment, and are a Security Risk. : Gavin Newsom is going to Destroy this State of California & will effect Nevada, and Probably Arizona. They'll blame Trump. The Following will Cause Drought Conditions.. Having to hose down the Lithium -io fires and the Recyling Centers that Burn.. and It's Fire Crews that Douse the Recyling Center s and the Granules into the Water Wells and Lakes killing Fish.. Pollution is too Bad that not even Boiling the Tap Water Helps. StacheD Training a Fireman channel. Video of Missouri Lithium Recyling Center X- Plos-ion Shows Fire Authorities Dousing the Granules into the Creeks and Rivers for 10 Days... when they should have let it Burn ... Also, Ford Pattent to have Cameras on cars to track Speed with GPS, and Online to Cite all Vehicle's Passing your car, and Adding Advertisement's Per in Car Conversations and with Cameras... Will Compromise Political, figure Secured Conversation, and Secure not in Maps Locations. Australia Interrogated and Tried a Ministry of Defense who bought or was given a BYD all Electric Vehicle (EV) with Cameras and Conversation Tracker on Secured Locations and Phone calls... Australis is looking at Making every Chinese made EV illegal to the Country... United States should Stop Ford with their freaking Patents as Homeland Security can be effected in a bad way... They may haver asked to collect Data on possible Terrorism though it can easily back fire and used against them.. 👨🏻👍🏻🏎🏎🏁🏁🚩🚩🌲🌲⛰⛰🧗🏻
Unless Mexico has explicitly broken a rule of NAFTA, whatever they do should be honored by the other parties, it's called the rule of law. The US is getting foreign semiconductor firms to set up in the US, should Mexico have a say in this. And what about US tech firms having practical monopolies in many countries. What's with all the double standards fuss about Chinese firms.
You are dealing with an evil imperialist capitalist authoritarian government north of your border. If they can steal your land, they will do anything to steal your rights.
Mexico can import Chinese cars and sell them in Mexico by NAFTA regulations, but those Chinese imported cars can't be trans-shiped (drop-shipped?) into the USA from Mexico. Same with shipping to Canada. Similarly the USA can't let a semiconductor manufacturer ship completed chips to the USA then directly to Mexico, but they can let TSMC, Samsung, or other semiconductor manufacturers make chips in the USA then ship those to Mexico. Its a little more complex than that so vehicle might be under a different set of rules.
Should Mexico ban buying chinese vehicles if it pleases its citizens or compel them, as an act of masochistic serfdom, to buy overrated, technologically obsolete and very expensive Us cars?
@@lchpdmq The average MEXICAN can no longer afford US cars, just like the average CANADIAN can no longer afford them. The difference is ... the Mexicans are smarter than the Canadians, and don't "bend the knee" to their US Lords.
An opinion from Costa Rica where the situation is the same as Mexico with Chinese brands beginning to dominate the market. I bought a BYD Yuan Up yesterday. Is my first EV, the quality, the design, how good it feels when you drive it, matches the experience or surpasses when comparing to traditional automakers. Chinese brands are wining in Latin America because they sell good good products with a range from economic to luxury. If US wants to compete, design, quality and affordable models should be at the front-line not tariffs. When US citizens experience the quality and price of these models… you’ll understand why Chinese Cars are taking Latin America, not just Mexico.
Hello, Sam Viking. As a mexican consumer, I love electric Chinese cars. Zeekrs, BYDs and many others quality cars at affordable prices -more or less Australian prices-. I own happily a Seal. But we’re certainly in a conundrum. We have now a foreign automotive legacy industry of low cost pollutant cars that we export. And we need foreign investment to build electric quality cars and they’re Chinese. How this will play out is anybody’s guess. Some politicians in US and Canada want to expel Mexico from the Northamerican free trade area, but they will be also shooting at their feet. Hopefully trade wars will end and we’ll be in a good position to tackle pollution and contribute to Climate Change with clean mobility. Thank you for your excellent and very informative channel.
@@rickducharme7429 The US and Canada could have reinvested profits to reshore manufacturing in the US and Canada, paying high wages and guaranteeing worker protections at several times the cost of Chinese or LatAm labor, instead of handing those profits over to shareholders. They chose not to do so for the past half century, and this is the result. American companies could pivot to do this today.
On my recent trip to Mexico City two months ago, they have a BYD taxi fleet which started over 2 years ago. Some of the taxis already have over 100k miles and the taxi drivers all praised them. Saw many MG suv, byd king sedans, and chery as well. The Chinese cars stand out from the other cars on the road due to their design.
BYD is doing partnerships with ride-hailing companies like 99 Táxis and Uber, where if the rideshare driver takes on enough customers in a month they get a discount on the car's lease. I guess it's a cheaper and more effective way to get prospective customers to experience a full electric drive than having showrooms and organizing test-drives. Also, taxi and rideshare drivers are among the people who use cars most intensely, so giving them easier access to cars makes for quicker testing and ironing out issues faster and more cheaply than a more homogeneous deployment. It also serves as further advertisement, because a car that lasts 3+ years in the hands of a rideshare driver is likely to last a lifetime without major issues as a family car.
@@walterbesio9615 Those little BYD taxi vans are cool. I've never seen or heard of them before, and once I rode in it, I was pleasantly surprised. It was spacious and comfortable.
The Chinese manufacturing promotes ev to taxi and ride share primarily to get public recognition of its value, cost and quality. There is no need to use them to hone the cars performance indices as they already were doing it with Chinese DIDI since 10 years ago.
I live in Mexico and just drove a BYD Seal. It was like riding on a smart cloud, and priced very aggressively compared to the Japanese/Korean products that used to own this market. BYD is going to MAKE these cars in Mexico soon and I encourage every American to take a serious look when in the market for an EV.
Unfortunately the whole of US has its head buried in the sand when it comes to EV. A big chunk of the population (Trump/MAGA) hate it passionately. Only a handful of states on the West Coast and Northeast are very supportive. In a decade the rest of the world will be running EV while we are still in the stone age. Interestingly an autocratic nation is more future forward thinking than US.
I recently visited Mexico for the first time in about 20 years. The people will need really cheap electric vehicles to survive. The average daily wage is about $10-$15. The government appears to be complicit with another organized group that rules by force. The average worker does not stand a chance, the whole experience left a very bad taste .
We know the US is the culprit in all of this. The question is not that, the question is what should Mexico do. Without trading freely with the US the Mx job market will be decimated.
age 72 here,, Have you noticed yet,, that the Automobile industry seems unable to ever see a disaster coming? It's repeated over and over, with the Government bailing them out. This time is different,,
I saw the same thing growing up in Michigan's automotive industry during the 60s and 70s. Our government should not give out loans or bailouts but instead offer to subsidize automobile manufacturers with technology and price point goals if manufactured in the USA. Similar to what was provided to TSMC, Intel, Samsung, and Micron through the CHIPS and Science Act Funds
I am from Canada and I am watching closely Chinese car market for the last 2 years. I hope they will come to Canada as well, to compete with the greedy US auto manufactures
@@ladygracienyc2029putting 100% is not the probelm. If canadian government says, if you want to sell here then build it here. That is fine. Now not only 100% tariff. The stupid fxxk jump on the band wagon to stop from part to tech completely so company that build car stuck in DANA, abb and simens. And if those supplier dont rip their North America client off, they shall be damn.
The U.S. automakers have never made a safe affordable high quality compact car unless it was built in Canada. Case in point was that Ford Pintos built in Canada did not go up in a fire ball like the American built ones in a rear end collision. Why you ask? The reason is because Canadian safety regulations required that Ford Canada had to install an $11 plastic baffle to prevent the rear bumper from puncturing the gas tank in a rear end collision.
It is simple economics. The Chinese cars are cheaper and higher technology than other cars. Many of the cars are still gas or hybrids, but there are a lot of EVs as well. BYD setup big sales rooms around Mexico City. The cars are better than US and European EVs.
If that is the case, then why was the Tesla model Y the best selling car in the world last year? Of any type? They do not have the quality just yet. Getting there agreed, but you a premature in your judgement; it’s not all about price either; otherwise the European brands would be dead years ago - but they will die out faster than American brands with the coming EV tsunami. The best way for China to get EVs in the U.S. quickly is to build car plants here.
@@RandyP-jr1ek First, in fact BYD outsells Tesla globally and the gap is growing. As for Model Y, in the US, there is limited choice of EV (and most things) at high prices compared to China and Asia which are spoiled for much more choice at much lower prices. Limited choice in US explains the sale numbers of Model Y, as in contrast there are 100+ EV makers sharing the market in China and Asia. Almost all recent engineering breakdowns show that Chinese EVs are notably superior to US and EU ones in both quality and technology today (even the Ford CEO who drives a Xiaomi said so recently). China sells more vehicles both domestically and globally than every other coutnry now. The best quality Tesla EV's are the ones made in Shanghai. Even Musk said on CNBC that his Shanghai Tesla plant outmatches his US plants for productivity, quality, and efficiency. Finally, as for Tesla sales, see what happens next year if there's a trump trade war and China bans Tesla from China and Asia RCEP. Tesla sales will crater and the company will lose money. Asia has 5-billion consumers compared to 0.5-billion in north america, and Asia is growing faster too, especially in the middle class which is the prime demographic for these products.
I test drove Teslas. The model 3 and Y were designed to be mass market cars. They have excellent specs, but the interiors are really cheap. I bought a Kia EV6 for myself. It has the luxury car interior and handling feel I like. In Mexico, most people want the cheap cars. Most people don’t make much money, that is why many products are made in Mexico, and many more since the pandemic and the supply chain issues with China. The Chinese cars are much cheaper, and very good quality than Teslas. You don’t see many Teslas in Mexico.
@@jayp3477 Yes, but only in China. Not worldwide. Mexico is the most interesting Chinese market of late since, it did not have a tariff for the last two years and the explosion of Chinese brands is noteworthy, however, even they are probably going to impose a 20% tariff late this year.
Stop punishing consumers with the stupid tariffs. Yes, you will save some domestic manufacturing jobs, but protectionism is detrimental to all, in the long run, especially consumers. And it's not like we're talking about drugs or alcohol. These cars are fantastic technology that's good for the environment! We should encourage, not hinder, buying more electric cars. And if the Chinese are winning the race in technology and price, then so be it. It's called a free market, something Republicans used to support.
@@Lagoost if the Chinese government is subsidizing these EVs, that isn’t fair. They are gaining market share partially because the Chinese government is subsidizing them.
True 💯. U.S. lost a market in Latin America due to their arrogancy, ignorance, and lack of interest...not China's or Mexico's fault. China, the EU, and the US are far from being saints. Stop the hypocrisy. This is about about power struggle, greed, and relevancy on the world stage. The regular Joes l will always continue to pay for the broken dishes of their politicians and elite. The China-US-EU trade war is not an exception.
@@michaelkatz275 i dont think so , in my country every 1 in 4 vehicles are byd now they are literally everywhere the same happen with huawei now honor cellphone brand , out of nowhere and they were everywhere.. nobody wants to buy a ford to spend 4x in gasoline than corolla for example and now byd is amaizing look i dont like the ccp but this is good thing. since my country is really small a battery fire will be on the news they sell byd since 4 years ago and none battery fire i dont know if they are selling us the best ,, but i think byd is one of the safest the blade batteries are the best in the market
Thanks. Similar dynamics in Israel- Chinese cars rose in the market from 0% 6 years ago, to 22% in 2024, and about 80% of the EVs sold are from China (including Tesla).
NAFTA already lays out import rules from Mexico to US. These cars sourced in China would definitely be tariffed if new, and extremely difficult to import used because of regulations around importing used vehicles
The issue is that lots of Canadians and Americans travel to Mexico. If they see and feel the quality of Chinese vehicles they will be upset at what is available in Canada or US especially the prices
@@akirathedog777 Learn to read in Mexico. I said the average Mexican who happens to earn US$15K a year. How many BMWs or Teslas are sold to people earning $15K a year genius?
This is an increasingly important factor in/for Mexico, as it is not self-sufficient in petroleum (combination of dwindling proven reserves, and corruption/mismanagement by Pemex). Gas prices there are high, and rising -- a couple of months ago prices I saw averaged about $4.37/gallon (based on the $1 to 20Peso exchange rate), and this in a country with a median salary of about 1/3 of the US level. Electrification isn't a perfect solution either, with 67% of Mexico's electricity being generated by fossil fuels. However Mexico currently produces 31% of its electricity from renewables (compared to about 21% for the US), and has a large areas that are suitable for photovoltaics).
What you say represents common sense, The problem is religious natoinalism and national extremism has gone mainstream in american. Empty slogans like MAGA have replaced common sense policies that facilitate trade which is what helps improve quality of life for everyone.
When the car runs good and affordable, of course, everyone will flock to it. I am still waiting for one day BYD will come here to California. I'll buy one in a heartbeat.
@@imanmanimanman7667yes unfortunately it's true and they are not even very efficient or smart or high tech they still use the same old manufacturing from back in the 1970s because it's protected by the chickens tax law.
It is really sad that the US and the EU are not able to do the same thing like China does, providing cheap, good EVs for their citizens. It is really frustrating that the US and EU are just not able or willing to compete.
Yo Viking bro, its not just Mehico - Here in South Africa, Chinese automakers are going bangbusters too - a combination of high specs, long warranty and really competitive pricing as compared to what you'd get for the same price from the traditional established brands, has caused consumers to really flock especially in this time of constrained spending. South Africans love their pickups too and if / when BYD release their shark here next year, I imagine its going tto be the makings of another blood bath for the regular players.
German car manufacturers can get stuffed in South Africa, locally manufactured prices sold locally are 20-30% more than export prices. Germans milking gullible South Africans. Same with french, garbage first Renault production batch are dumped in SA. Euro and Japanese brands can go bankrupt
During the financial crisis in the 2000’s US was able to manage inflation partly because of cheap Chinese imports, I live in Mexico inflation is 6% here and interest rate is 11%, Mexico will not survive without Chinese imports
well, someone has to be the number one supplier of cars. Why not cheap efficient electric cars rather than stinky ice cars. Doesn't Mexico have a pollution problem? .. i assume this would help. If Trump doesn't like this, why doesn't he do what USA normally does for nations that don't do as they're told and change Mexico's president.
Don't give the Trump bunch any ideas ... with Rubio as Secretary of State they'll naturally want to overthrow the Mexican government anyway ...😂 let alone given a new incentive to block Chinese car sales.....
That's laughable, Chinese nationalistic 'bully' mentality. Thats like how the first island chain nations off the Chinese coast won't do as the CCP tells them to do so China sends the PLA forces out to be belligerent and bully & threaten them. The USA negotiates with its neighbors, it doesn't tell them what to do and threaten them with military force if they don't.
I'm an American currently in the middle east. There are lots of Chinese cars, and theyre good cars. If i were in the market for an EV, I'd choose BYD over Tesla. Its just competition.
What problem? Mexico's free tariff policy enabled Mexicans to buy good value Chinese cars as intended. If US citizens decided to buy 2nd hand Chinese cars from Mexico, they are within their rights. A free people aren't they?
Its not that simple. The NAFTA agreement has certain regulations for certain products, and one of those categories of products is vehicles going across the international border.
I hope Mexico gives the US "the finger". Mexicans need cheap, clean, transportation. With China's help they can also transform their power grid quickly to solar and battery storage. The US, on the other hand, is offering relatively expensive cars and does not have the ability to put in the solar infrastructure Mexico needs. Mexico needs to look to the future. China is the rising economic global power in the world while the US is diminishing quickly. While Mexico will always be able to sell cheap produce to the US, the US cannot supply in quantity and cheaply the things that Mexico needs to move forward as a nation. If the US forced Mexico to choose, I think enlightened (AKA not bought off) Mexican leaders would choose China. Mexico, and its entries into Latin America, is the perfect place for Chinese businesses to expand.
Doubtful mexico is going to ban them. They're not part of the "Western club" like europe and its present and past european colonies with their "western" brands to protect. You notice that the west seems to be consistent to one another, and so very different from the rest of the world? The west loves its renters, and it loves its high priced cars.
I am a USA citizen and I work building car plants. Mexico has every right to do this and they should, if we tariff them at all in a free trade agreement then they should export duty all the parts coming here. In the end we will force them into BRICS. We switched to a service economy to get cheaper labor, we can't get mad when those areas have matured and now can compete. We went there to exploit them, that chicken has now come home to roost
" In the end we will force them into BRICS" That is exactly what will happen if Trump keeps arrogantly blackmailing the world with tariffs. Far from making America great, it will turn everyone away from US exports, US dollar, and bush them more to trade with BRICS nations.
The Chinese cars can be driven into San Diego by a Mexican resident, but cannot be legally imported or cannot stay longer than one year. They are not certified: Federal Motor Vehicle Safety Standards (FMVSS)
The auto industry is notorious for price gauging, dealer mark ups, cheap faulty parts, long wait times for repairs, a money pit on wheels. The insurance industry is also notorious for price gauging. If anything buying a Chinese EV across the border and bringing it back to the US is karma for all the price gauging. In the end America is all about competition but not affordability when it favors corporations and those big fat bonuses for CEOs.
Why not. The west always used poor countries to manufacture stuffs not necessary affordable to improve local population or their economies. China is selling cars that average Mexicans can affords and to help to move their economy.
You can't bring Mexican purchased or tagged cars into the USA, nor can you bring American purchased or tagged cars into Mexico. You can on a temporary basis but they cannot stay permanently.
My favorite cars in China are: MG Cyberster, Arcfox S5 AWD, Hyptec GT & SSR, YangWang U9, IM L6, Mazda EZ-6, Hozon GT, Roewe D7, Onvo L60, Venucia VX6, Landian E5 Plus, Geely Galaxy E8, and iCAR V23. Go test drive any of the cars I mentioned, you will be very pleasantly surprised. China currently has more than 140 car brands, making them the most competitive market, thus in order to survive, manufacturers need to take customers' feedback more seriously and offer better products at lower prices.
The customer is always right, if the Americans want affordable EV’s and their favourite companies are not making them, they will get them from elsewhere.
When you say that car exports to the US are crucial for Mexico, you forget about that Mexico's cheap labor is crucial to US businesses. Ford's Mach-e and the Chevy Bolt were built in Mexico to keep cost down. Build them in the US and no one will be able to afford them.
What a stupid way the Dunn report asks the question. Mexico has every right to import vehicles from China, it is under no obligation to buy poorly built old-fashioned expensive vehicles from the USA. Mexico will gain competitive advantage from this versus its northern neighbours and it will increase its standard of living.
Auto factory workers want to live like upper middle class by putting rivets in a car, watch Netflix and 30 min bathroom breaks. No wonder why prices are unaffordable.
So it's ok for your market to be flooded with Japanese, European and American cars but as soon as you have a few Chinese cars you're guilty of colluding or something bad is happening to you
Thanks to the fact that several different Chinese companies are arriving to México, the classic brands are lowering the prices. So is a win win, buyers of traditional brands get their cars less expensive, and buyers of Chinese cars get even less expensive cars or for the same price but with way more perks.
Thanks 4 update on Mexico's domestic car sales. CNBC had a condescending documentary 2 odd weeks ago, how China using Mexico as backdoor, not mentioning that Mexico itself is a big market.
Mexican here. Everyone in my family bought a Chery SUV. We all come from a VW, the problem with it is that they got absurdly expensive and they kept offering less and less equipment, despite being manufactured in Mexico. However, it still is rare to see Chinese cars on the streets, specially EVs. The most sold Chinese car has to be an MG 5, as most consumers still don't trust the quality of Chinese cars. However, Chevy is bringing most of their cheapest cars from china, which could explain why the numbers reported.
@@asleytamkei7507 I'm not stating that the MG 5 is a quality product, in fact, it is somewhat unrealiable, however, it is so cheap that a lot of families are buying one either for personal use or as Ubers. As a chineses car consumer, I do feel that quality (speciall post service) is not on par with traditional brands, however, Chineses automakers are here to compete and is reassuring to see how fast the improve of their products and services. Traditional brands got way to complacent with their products and prices and Chinese brands hit them hard.
What you described is what needs to happen in the US. Since cars are sold with a low, mid, and high end specification, you often find the mid to high end ranges having significantly more equipment, while costing much more money. As a consumer, you just feel like you're being squeezed for every dollar.
@@asleytamkei7507 MG has been owned by a Chinese company for 17 years. All MG cars you see around the world are made in China. Oh, and there are also Volvo cars. There will be more and more in the future.
I live in Mexico. Within the past year, 4 Chinese dealerships have opened within a 5 minute drive of my house. They are way cheaper than most other brands and the quality is good. We just bought a dodge journey through a family member with an employee discount. It is made in China.
One of the largest retailers in Mexico, Liverpool, has partnered with BYD to sell their vehicles with additional discounts. The cheapest BYD model is being offered at just under 360k pesos. For comparison, a higher end digital piano from Casio or Yamaha sells for around 100k pesos.
The Chinese EVs cannot just be purchased in Mexico and brought into the US, they have to meet federal specifications, only exempted after 25 years. Assembled in Mexico and sold to US is another story. There seems to be bipartisan pressures to maintain high tariffs to force American consumers to spend double what they should for a new car though.
Brasil will produce them there, then they can sell throughout Latin America. They can choose german, American , Japanese or whatever they want to buy in Mexico. They can’t force people there to just buy American. Is a free market.
Why it is so surprising? What is price of cheapest non Chinese EV? Huge majority of population of this world we live in can't afford EVs made by Tesla, BMW, Mercedes... Even majority of population of western wealthy countries can't afford it. 100 years ago Ford got it right. Make simple, affordable, somewhat reliable car and you will sell it.
With the stupidly expensive prices and plunging quality of legacy automakers, if the US opened its markets, the same thing would happen in just a few years... America really has no good options for new vehicles now and the crashing domestic market is now really showing that.
I heard something about instead of building a giant wall around the Legacy automakers use money from a modest tariff to help them innovate and develop to compete better. A win-win for everyone
Let's not forget that Ev car is also move to Brazil. They don't need to send the car to North America, they just use the money earned from export etc to buy them. U can stop the product to come to your own people but u can not stop the flow of money
I must admit, I work in the USA for a Chinese importer of Chinese restaurant equipment, I change the wiring to USA code... Chinese are very intelligent and they stick together and help each other, their work ethic is unbelievably high... honestly they deserve such success. 🙏
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Where have you been? Hiding under a rock?
It's called a, "Free Market".
The proponents(Canada, U.S.) of "free markets"are now afraid of competition👎
Yeah but is it a good product?
I heard Mexicans are complaining about these cars not being good quality.
In Latin America we don't have local auto brands to defend. So we don't need to apply high tarifs to import wherever they are coming from. We mostly care about affordable cars for consumers, and that's why China brands are taking over the market.
Neither Mexico. Although the dilemma Mx faces is different, not related to a car manufacturing industry at all.
What about Volkswagen? They produce in some countrys there.
How much is an average EV? How many months does a nurse have to work for it?
@@ingo_8628 it's not a local brand. So long as a chinese company buys the plant and keeps producing there, nobody really cares.
BTW that's exactly what's going on in Brazil, for example, as BYD purchased Ford's former plant in Iracemápolis.
@@ingo_8628 And the profits go to ? Germany!
Apple iPhone has more than one third of the market in Mexico also made in China. Didn’t hear anyone complain about that.
American Elon Musk Phones are coming. This thread is not very informed, I thought people here were on the cutting edge, not so much.
Apple is an American company
I'd really like a cyberphone, but I don't think it will happen soon.
I....... haven't............bought............an iPhone..............in more than..........a decade!!! I just bought.............the S24 Ultra this year.😅
@@JDMSwervo2001 So are Tesla, Rivian and lots of solar companies.
Not guilty nor innocent, Mexico is just looking its own interest getting the best value for the bang unlike some countries north!
America doesn't like LatAm countries looking out for themselves, acting in their own best interest. If they get too far along, America might coup them, invade them, or stage a color revolution - possibly all 3, as history shows.
Chinese vehicles will destroy Mexican domestic auto production, and subsidise China's economy.
It's Guilty or Not Guilty; there's no Innocent verdict.
@@jgarbo3541 There are bullshit charges, which that question is
@@IbrahimNgenoNot worth it, just sick minds with no cure. One World, One Common Road.🌍🕊️
I usually buy Japanese cars because of their durability and performance but I wanted to support our American automakers and bought for the first time an American car, a Jeep. I had so many problems with the car since I bought it. It left me stranded several times and had to call the towing company sometimes out of pocket. I wasted time, money and sleep worried about being able to get to work every day and how much more money it was going to cost me to fix. I ended up selling it back to the dealership. I lost about $6,000. I didn’t want a trade in. Got whatever money I was able to get for it and went straight to Toyota and got me another car. I haven’t had problems since. Mexicans work even harder than some of us for their money. I can’t blame them for wanting to invest in a good car that runs well and lasts longer than a couple of years. I learned my lesson.
Never forget... Only buy Toyota... Only Toyota... I left my first car (a Toyota) in a garage since 2011 and I just gave it to my daughter... All it needed was a new battery and it still runs like new... Nothing done to it... You just can't beat that kind of quality...
Yeah, Jeep wasn’t a good plan. A lot of American cars are made in Mexico or Canada anyway. If you want an honest to goodness American car, get a Tesla.
Still driving the same toyota corolla since 2008...
My personal experience with two generations of Toyotas and Mazdas across three decades. In my personal experience Mazdas are even more reliable than Toyotas across twenty year lifespan. Less part replacements and less leakages.
Don’t know how they compare to Honda/nissan/subaru though - I can only talk for those two brands.
@@ianollmann9393yup teslas the only good american car company.
Americans are kinda arrogant to treat Mexico as a backdoor, it is not enough they are treating latin America as backyard. Mexico car market is big enough to make Chinese auto salivate, and that is what BYD exactly kept saying, BYD is there for Mexico.
Trump said he will be tough on borders but it's also said he will convince Mexico to increase tariffs on China or he will punish Mexico. Trump will go full throttle on Mexico experts say
China treats East Asia as its backyard. China actually makes territorial claims on other its neighbor's lands.
180 million people, baby
130M is the Mexican population
China is willing to invest in Mexico as their gateway to Central America. There is a HUGE amount of money on the table if Mexico wants to partner with China. If not, China will find another.
Why is Mexico buying cars from China seen as a threat, while buying cars from the US is just fine?
because china is a real threat!!! chinese would eventually claim mx's land as chinese states, i.e. california, texas and god forbid "new" mexico.... lolol
Mexico wants their cake and eat it too
Should be obvious. China look at us as a threat too. Ever wonder why China still has not approved Tesla’s self driving in their country yet.
@@benmlee Tesla is known to sell their car with few testing. You should know that Tesla had done tons of recalls for the theirs cars every other year. China takes care of their people, safety is very important.
hypocrisy
Mexico is guilty for wanting good quality cars at low cost. Guilty indeed. I do not think Chinese car makers want to "smuggle" their cars into USA, there are other markets in the rest of the world.
Mx is in a tight rope balance. They can't have it all. They have to choose between the USA vs Chinese markets for everything.
I think Mexico is using China as a bargaining chip against the USA since Mexico is the weaker party.
@@lamrof Well if Mexico wants to be an American stooge let them. The world needs to isolate the western world and let them bluster in their little pond
Mexico can do whatever they want, hopefully they can get parts in the future when needed.
"There are other markets in the world." Absolutely, Brazil, Russia, India, China and South Africa known as BRICS a counterweight to Western influence in global institutions. BRICS countries have a combined population of 3.25 billion people, which is over 40 percent of the world's population and growing. Using access to the large US economy as bargaining chips to force other countries to do as we want is becoming smaller each year. And the American consumer is tapped out, increasingly they can barely afford necessities let alone new cell phones, TV's, autos etc.
Mexico showed under free market competition, US and EU brands have no chance against Chinese EV. It will happen globally in any market without a stupid tariff wall, it's just a fact.
Which means US car buyers will have to spend more of their hard earned money to buy a car than they otherwise would have. This leaves less disposable income to buy other goods & services.
So while tariffs will help the US car industry (barely) survive, the rest of the economy will suffer from foregone sales.
@@markboscawen8330 Precisely as there is only so much disposable income to spend. Pay Peter more so pay Paul less.
I think this is why Musk is so desperate to lock down the market
To be fair it's not a free market because China is heavily subsidizing it's car industry and the US isn't. Instead we're subsidizing tax breaks for rich people and they in turn subsidize ride share services to try to dismantle the taxi industry, and the short term rental industry to try to dismantle home ownership and hotels in this country.
Capitalism is a cancer and we're seeing the negative effects of it here in the US.
@@markboscawen8330
Tell me how many billions of subsidies do electric car companies get in China ?
Have you seen how often Chinese electric cars catch fire 🔥?
I wish we have Chinese cars in America. Sick of overpaying for cars here.
also Chinese EV's i read have better quality battery tech and self driving than any EV's built in USA or Europe.
Move to China.
Go and check what the Chinese customers have to say, this is why we need to get immigrants out of here, moving here hating our country, only here for the money and opportunities, China is taking immigrants you can avoid buy the car and enjoy the country, what's your excuse for staying here?
Cross the border to American Mexico and get yourself a Chinese car
most of car price goes to car company senior management and Oil company! why ppl can't enjoy cheaper price to make their fortune! Struggle to pay hefty fee and car loan!!
Mexico City's air hasn't been this clean since the 1980s. Thanks, China EV vehicles!
The 80s had the worst air quality in Mexico City’s history 😂
Just how far are you going to stretch believablity tonight?
So, all those factories around Mexico City now work on motors from Chinese EVs? Or what's your point?
@@TopEvidence factories around Mexico City??? You never been to Mexico have you?? The northern part of the country has the majority of the factories. My point was that the above comment couldn’t be more wrong
I believe he was being sarcastic, thats an american thing they imported to Mexico....
America is falling behind ...tariffs.... they are dumb... Mexico is doing the right thing for its people.
Why does Trump want America's working class to pay more for what would otherwise be low cost Chinese cars? Answer: he's an oligarch who doesn't give a toss about workers. I don't blame the working class who voted for Trump because the alternative was even more horrible, but MAGA workers are dreaming in technicolour if they think Trump will do anything significant to help them. He won't.
Remember when conservatives in the US were in favor of the free market? Chinese car companies are building cars for a market that US manufacturers and dealerships have completely abandoned-inexpensive cars and trucks of any type. I expect a full trade war before the Old Three allows cars that working people can afford to enter the market in any number. The middle class in this country is gone, and this was not an accident. Having an affordable vehicle to drive will allow workers to risk switching jobs or asking for pay raises without having to risk bankruptcy and homelessness. Not having affordable cars (and rent and medical access) helps to keep wages low. We need to move away from protectionism.
@@ericsimonson5852 I couldn't agree more. And, btw, what have America's auto companies ever done for the working class? Trump will do what the ruling class in America wants him to do while handing out crumbs to the workers like exempting their tips from federal income tax while doubling the cost of affordable vehicles from China. American (so-called) capitalism is circling the drain.
Do any of you know anything about the CCP?
@@begelston I’d personally prefer to buy from privately-owned Chinese car companies like BYD, Xpeng and Nio.
But not state-owned ones.
They’ve been super aggressive with their pricing and seem to be offering solid vehicles, especially electric cars. Mexico’s market has been receptive to that, particularly because Chinese automakers like BYD and Geely are giving consumers more affordable options
It’s impressive, but it makes me wonder how sustainable is this growth? I mean, they’ve definitely captured a lot of market share in Mexico, but how will they compete in the long run, especially if they want to expand into the U.S.?
American consumers can be picky, and the market there is already dominated by established players like Ford, GM, and even Tesla when it comes to EVs.
I think Chinese automakers are playing the long game. They’re using Mexico as a launchpad, building a strong base there to eventually target the U.S market. Mexico’s location is strategic being right next door to the U.S helps with manufacturing and logistics
mexican consumers are warming up to electric vehicles, and that’s where these chinese brands really shine
but I think there’s more to it than just being able to offer cheaper cars. Chinese automakers have really invested in technology, especially with electric vehicles and autonomous driving features. That’s something they could use to compete in the US, where Ev adoption is growing. But the question is, can they overcome the perception issues? American consumers might still be skeptical about the quality and reliability of Chinese cars
what is the problem? cheap and good quality is what the world wants
Well the Chinese offer Average quality with crazy options …. !
Cheap? Yes
Good quality? We will have to see
Good quality? Have you ever heard of planned obsolescence?
I don't think that's what Trump wants!
The Problem EV's are Toxic to the Environment, and are a Security Risk. :
Gavin Newsom is going to Destroy this State of California & will effect Nevada, and Probably Arizona. They'll blame Trump. The Following will Cause Drought Conditions.. Having to hose down the Lithium -io fires and the Recyling Centers that Burn.. and It's Fire Crews that Douse the Recyling Center s and the Granules into the Water Wells and Lakes killing Fish.. Pollution is too Bad that not even Boiling the Tap Water Helps.
StacheD Training a Fireman channel. Video of Missouri Lithium Recyling Center X- Plos-ion
Shows Fire Authorities Dousing the Granules into the Creeks and Rivers for 10 Days... when they should have let it Burn ...
Also, Ford Pattent to have Cameras on cars to track Speed with GPS, and Online to Cite all Vehicle's Passing your car, and Adding Advertisement's Per in Car Conversations and with Cameras... Will Compromise Political, figure Secured Conversation, and Secure not in Maps Locations.
Australia Interrogated and Tried a Ministry of Defense who bought or was given a BYD all Electric Vehicle (EV) with Cameras and Conversation Tracker on Secured Locations and Phone calls... Australis is looking at Making every Chinese made EV illegal to the Country... United States should Stop Ford with their freaking Patents as Homeland Security can be effected in a bad way... They may haver asked to collect Data on possible Terrorism though it can easily back fire and used against them..
👨🏻👍🏻🏎🏎🏁🏁🚩🚩🌲🌲⛰⛰🧗🏻
Unless Mexico has explicitly broken a rule of NAFTA, whatever they do should be honored by the other parties, it's called the rule of law. The US is getting foreign semiconductor firms to set up in the US, should Mexico have a say in this. And what about US tech firms having practical monopolies in many countries. What's with all the double standards fuss about Chinese firms.
You are dealing with an evil imperialist capitalist authoritarian government north of your border. If they can steal your land, they will do anything to steal your rights.
Heh, you think the US will follow the rule of law. Didn't they just assassinate people until they got the candidate they wanted?
You can't reason with bandit who kidnaps the daughter of a competing company's CEO
Trump abolished “rule of law.”
Mexico can import Chinese cars and sell them in Mexico by NAFTA regulations, but those Chinese imported cars can't be trans-shiped (drop-shipped?) into the USA from Mexico. Same with shipping to Canada. Similarly the USA can't let a semiconductor manufacturer ship completed chips to the USA then directly to Mexico, but they can let TSMC, Samsung, or other semiconductor manufacturers make chips in the USA then ship those to Mexico. Its a little more complex than that so vehicle might be under a different set of rules.
Should Mexico ban buying chinese vehicles if it pleases its citizens or compel them, as an act of masochistic serfdom, to buy overrated, technologically obsolete and very expensive Us cars?
Sounds to me like the Mexicans are hiding some weapons of mass destruction, wouldn't you say?
A large chunk of us cars are made in Mexico, so it would be in their interest
No Bans are terrible for everyone.
@@ForPopliChinese king
@@lchpdmq The average MEXICAN can no longer afford US cars, just like the average CANADIAN can no longer afford them.
The difference is ... the Mexicans are smarter than the Canadians, and don't "bend the knee" to their US Lords.
An opinion from Costa Rica where the situation is the same as Mexico with Chinese brands beginning to dominate the market.
I bought a BYD Yuan Up yesterday. Is my first EV, the quality, the design, how good it feels when you drive it, matches the experience or surpasses when comparing to traditional automakers.
Chinese brands are wining in Latin America because they sell good good products with a range from economic to luxury. If US wants to compete, design, quality and affordable models should be at the front-line not tariffs. When US citizens experience the quality and price of these models… you’ll understand why Chinese Cars are taking Latin America, not just Mexico.
Brazil too. Brazil has a BYD manufacturing plant and when that plant is completed, electric cars will explode in Brazil.
I would have worded it differently.
@@metricstormtrooper 😂
Phrasing!
Hello, Sam Viking. As a mexican consumer, I love electric Chinese cars. Zeekrs, BYDs and many others quality cars at affordable prices -more or less Australian prices-. I own happily a Seal. But we’re certainly in a conundrum. We have now a foreign automotive legacy industry of low cost pollutant cars that we export. And we need foreign investment to build electric quality cars and they’re Chinese. How this will play out is anybody’s guess. Some politicians in US and Canada want to expel Mexico from the Northamerican free trade area, but they will be also shooting at their feet. Hopefully trade wars will end and we’ll be in a good position to tackle pollution and contribute to Climate Change with clean mobility. Thank you for your excellent and very informative channel.
The US and Canada cannot afford to kick Mexico from the FTA because they would have to pay a LOT more to have things made.
@@ZweiZwolf I guess we will find out soon. Trump's administration and his people will soon find out if the Chinese and the EU fall for his 💩.😅
@@ZweiZwolf or move production back to US and Canada...
They have already moved the low cost labor from South America to the US 😂
@@rickducharme7429 The US and Canada could have reinvested profits to reshore manufacturing in the US and Canada, paying high wages and guaranteeing worker protections at several times the cost of Chinese or LatAm labor, instead of handing those profits over to shareholders. They chose not to do so for the past half century, and this is the result. American companies could pivot to do this today.
On my recent trip to Mexico City two months ago, they have a BYD taxi fleet which started over 2 years ago. Some of the taxis already have over 100k miles and the taxi drivers all praised them.
Saw many MG suv, byd king sedans, and chery as well. The Chinese cars stand out from the other cars on the road due to their design.
BYD is doing partnerships with ride-hailing companies like 99 Táxis and Uber, where if the rideshare driver takes on enough customers in a month they get a discount on the car's lease.
I guess it's a cheaper and more effective way to get prospective customers to experience a full electric drive than having showrooms and organizing test-drives.
Also, taxi and rideshare drivers are among the people who use cars most intensely, so giving them easier access to cars makes for quicker testing and ironing out issues faster and more cheaply than a more homogeneous deployment. It also serves as further advertisement, because a car that lasts 3+ years in the hands of a rideshare driver is likely to last a lifetime without major issues as a family car.
I’ve seen the same thing happening. I’ve gotten many Uber rides in little BYD vans.
@@walterbesio9615 Those little BYD taxi vans are cool. I've never seen or heard of them before, and once I rode in it, I was pleasantly surprised. It was spacious and comfortable.
The Chinese manufacturing promotes ev to taxi and ride share primarily to get public recognition of its value, cost and quality. There is no need to use them to hone the cars performance indices as they already were doing it with Chinese DIDI since 10 years ago.
@@jimmygu6658 I hope these vans come to the US. Thanks for sharing this info.
I live in Mexico and just drove a BYD Seal. It was like riding on a smart cloud, and priced very aggressively compared to the Japanese/Korean products that used to own this market. BYD is going to MAKE these cars in Mexico soon and I encourage every American to take a serious look when in the market for an EV.
We can't buy them here.
No mames wey
Unfortunately the whole of US has its head buried in the sand when it comes to EV. A big chunk of the population (Trump/MAGA) hate it passionately. Only a handful of states on the West Coast and Northeast are very supportive. In a decade the rest of the world will be running EV while we are still in the stone age. Interestingly an autocratic nation is more future forward thinking than US.
The problem is not Mexico or China, the problem is US monetary and fiscal policy.
I recently visited Mexico for the first time in about 20 years. The people will need really cheap electric vehicles to survive. The average daily wage is about $10-$15. The government appears to be complicit with another organized group that rules by force. The average worker does not stand a chance, the whole experience left a very bad taste .
We know the US is the culprit in all of this. The question is not that, the question is what should Mexico do. Without trading freely with the US the Mx job market will be decimated.
And UAW wages.
also authoritarian communist car dumping is a problem.
@@steelyspielbergojust because Murika can no longer make anything for a reasonable cost DON'T BLAME THOSE WHO CAN.
age 72 here,, Have you noticed yet,, that the Automobile industry seems unable to ever see a disaster coming? It's repeated over and over, with the Government bailing them out. This time is different,,
Wise words. It's true. Every decade the auto industry gets a bail out...same for the banking industry.😬
I saw the same thing growing up in Michigan's automotive industry during the 60s and 70s. Our government should not give out loans or bailouts but instead offer to subsidize automobile manufacturers with technology and price point goals if manufactured in the USA. Similar to what was provided to TSMC, Intel, Samsung, and Micron through the CHIPS and Science Act Funds
I’m so old, I saw it in the steel industry!
@edwardlawrence5666 Corporate greed sold mines and natural resources plants to China. Is that the Chinese fault, too?
Then you must have witnessed the shipbuilding industry in the United States.
I am from Canada and I am watching closely Chinese car market for the last 2 years. I hope they will come to Canada as well, to compete with the greedy US auto manufactures
That is an excellent observation.
Well, that needs to be approved by your master from the south of the border ...
Your govt under Trudeau just put 100% tariffs on Chinese EVs so don't expect any Chinese EVs until you vote for a new PM hopefully next year
@@ladygracienyc2029putting 100% is not the probelm. If canadian government says, if you want to sell here then build it here. That is fine. Now not only 100% tariff. The stupid fxxk jump on the band wagon to stop from part to tech completely so company that build car stuck in DANA, abb and simens. And if those supplier dont rip their North America client off, they shall be damn.
The U.S. automakers have never made a safe affordable high quality compact car unless it was built in Canada. Case in point was that Ford Pintos built in Canada did not go up in a fire ball like the American built ones in a rear end collision. Why you ask? The reason is because Canadian safety regulations required that Ford Canada had to install an $11 plastic baffle to prevent the rear bumper from puncturing the gas tank in a rear end collision.
Mexico is just smart
It is simple economics. The Chinese cars are cheaper and higher technology than other cars. Many of the cars are still gas or hybrids, but there are a lot of EVs as well. BYD setup big sales rooms around Mexico City. The cars are better than US and European EVs.
If that is the case, then why was the Tesla model Y the best selling car in the world last year? Of any type? They do not have the quality just yet. Getting there agreed, but you a premature in your judgement; it’s not all about price either; otherwise the European brands would be dead years ago - but they will die out faster than American brands with the coming EV tsunami.
The best way for China to get EVs in the U.S. quickly is to build car plants here.
@@RandyP-jr1ek First, in fact BYD outsells Tesla globally and the gap is growing. As for Model Y, in the US, there is limited choice of EV (and most things) at high prices compared to China and Asia which are spoiled for much more choice at much lower prices. Limited choice in US explains the sale numbers of Model Y, as in contrast there are 100+ EV makers sharing the market in China and Asia.
Almost all recent engineering breakdowns show that Chinese EVs are notably superior to US and EU ones in both quality and technology today (even the Ford CEO who drives a Xiaomi said so recently). China sells more vehicles both domestically and globally than every other coutnry now. The best quality Tesla EV's are the ones made in Shanghai. Even Musk said on CNBC that his Shanghai Tesla plant outmatches his US plants for productivity, quality, and efficiency.
Finally, as for Tesla sales, see what happens next year if there's a trump trade war and China bans Tesla from China and Asia RCEP. Tesla sales will crater and the company will lose money. Asia has 5-billion consumers compared to 0.5-billion in north america, and Asia is growing faster too, especially in the middle class which is the prime demographic for these products.
@@RandyP-jr1ekI think byd has recently overtaken them in sales numbers.
I test drove Teslas. The model 3 and Y were designed to be mass market cars. They have excellent specs, but the interiors are really cheap. I bought a Kia EV6 for myself. It has the luxury car interior and handling feel I like.
In Mexico, most people want the cheap cars. Most people don’t make much money, that is why many products are made in Mexico, and many more since the pandemic and the supply chain issues with China. The Chinese cars are much cheaper, and very good quality than Teslas. You don’t see many Teslas in Mexico.
@@jayp3477 Yes, but only in China. Not worldwide.
Mexico is the most interesting Chinese market of late since, it did not have a tariff for the last two years and the explosion of Chinese brands is noteworthy, however, even they are probably going to impose a 20% tariff late this year.
Stop punishing consumers with the stupid tariffs. Yes, you will save some domestic manufacturing jobs, but protectionism is detrimental to all, in the long run, especially consumers. And it's not like we're talking about drugs or alcohol. These cars are fantastic technology that's good for the environment! We should encourage, not hinder, buying more electric cars. And if the Chinese are winning the race in technology and price, then so be it. It's called a free market, something Republicans used to support.
Plus if the volumes are enough the Chinese companies would manufacture in the USA so the USA won't lose manufacturing.
Affordable EV are the best choice for the peoples of Latin America..
Of course, production is subsidized by the Chinese government. Are any of their cars manufactured in Latin America?
@@Lagoost if the Chinese government is subsidizing these EVs, that isn’t fair. They are gaining market share partially because the Chinese government is subsidizing them.
@@walterbesio9615 The subsidies were removed a while ago.
@@michaelkatz275 you think chinese gov't have endless money to give?
@@fatdoi003: China has more debt/GDP than USA and Japan .
The only problem here is this is bad for US cars that are overpriced, unreliable, and outdated.
Not only Mexico but alsoall of South America. BYD is the mayorseller but there are several China manufacturers in S A.
Mexico for Central America. Brasil for South America. Assuming they want to work with China.
True 💯. U.S. lost a market in Latin America due to their arrogancy, ignorance, and lack of interest...not China's or Mexico's fault. China, the EU, and the US are far from being saints. Stop the hypocrisy. This is about about power struggle, greed, and relevancy on the world stage. The regular Joes l will always continue to pay for the broken dishes of their politicians and elite. The China-US-EU trade war is not an exception.
Isn't BYD the company with all the EV battery fires?
@@michaelkatz275 i dont think so , in my country every 1 in 4 vehicles are byd now they are literally everywhere the same happen with huawei now honor cellphone brand , out of nowhere and they were everywhere.. nobody wants to buy a ford to spend 4x in gasoline than corolla for example and now byd is amaizing look i dont like the ccp but this is good thing. since my country is really small a battery fire will be on the news they sell byd since 4 years ago and none battery fire i dont know if they are selling us the best ,, but i think byd is one of the safest the blade batteries are the best in the market
@@michaelkatz275 No, that's Tesla.
Who wouldn't want a good, reliable electric car. Cheaper than any other car made in the usa
Thanks. Similar dynamics in Israel- Chinese cars rose in the market from 0% 6 years ago, to 22% in 2024, and about 80% of the EVs sold are from China (including Tesla).
Thanks for posting. Didn’t know Israel also imports so many Chinese EVs.
I have visited Mexico and the Chinese cars are everywhere. There are BYD dealerships in many of the smaller cities already.
I don't know where you live, but I see BYD vehicles everywhere in Queretaro and Morelia.
I think Mexico refuses to have tariffs. The United States would have massive inflation if a tariff was on everything imported from Mexico.
NAFTA already lays out import rules from Mexico to US. These cars sourced in China would definitely be tariffed if new, and extremely difficult to import used because of regulations around importing used vehicles
The risks are much higher than inflation. There is a chance of a trade war similar to the one that set off the Great depression.
What car does America or Canada make that the average Mexican can afford? It's not rocket science
What car does America or Canada make that the average American can afford? Hint, same answer. LOL
The issue is that lots of Canadians and Americans travel to Mexico. If they see and feel the quality of Chinese vehicles they will be upset at what is available in Canada or US especially the prices
Car dependency is a cancer, Mexico needs more affordable ev cars and definitely public transportation
@@akirathedog777 Learn to read in Mexico. I said the average Mexican who happens to earn US$15K a year. How many BMWs or Teslas are sold to people earning $15K a year genius?
Middle class Mexicans don't drive American brands. They drive BMW, Mercedes, Audi and Chinese brands. I've been living in Mexico for the last 3 years.
Electricity can be generated by many sources especially solar panels. Petrol has no substitute.
Walking
This is an increasingly important factor in/for Mexico, as it is not self-sufficient in petroleum (combination of dwindling proven reserves, and corruption/mismanagement by Pemex). Gas prices there are high, and rising -- a couple of months ago prices I saw averaged about $4.37/gallon (based on the $1 to 20Peso exchange rate), and this in a country with a median salary of about 1/3 of the US level.
Electrification isn't a perfect solution either, with 67% of Mexico's electricity being generated by fossil fuels. However Mexico currently produces 31% of its electricity from renewables (compared to about 21% for the US), and has a large areas that are suitable for photovoltaics).
@@BioniqBobnot practical the Mexican heat for distances over 4 miles.
@@BioniqBob Exactly!
@@macmcleod1188 Did you know that Mexico experiences cooler temperatures during the winter?
tunedbyai AI fixes this. Chinese automakers dominate Mexican market.
Mexico DOES Have Lemon laws .
We will see how reliable Subsidized Chinese cars turn out to be .
@@ProfessorFickle 我们买电动汽车只有本地促销补贴，以旧换新补贴，任何电车都有包括特斯拉，丰田，根本不是你们媒体宣传的中央政府给所有国企大规模补贴。
I’m an American consumer, the universal behavior to buy value prevails since beginning of time.
What you say represents common sense, The problem is religious natoinalism and national extremism has gone mainstream in american. Empty slogans like MAGA have replaced common sense policies that facilitate trade which is what helps improve quality of life for everyone.
When the car runs good and affordable, of course, everyone will flock to it. I am still waiting for one day BYD will come here to California. I'll buy one in a heartbeat.
$100,000 for a truck in America? No thanks.
100k for truck 😮😮😮
@@imanmanimanman7667yes unfortunately it's true and they are not even very efficient or smart or high tech they still use the same old manufacturing from back in the 1970s because it's protected by the chickens tax law.
It is really sad that the US and the EU are not able to do the same thing like China does, providing cheap, good EVs for their citizens. It is really frustrating that the US and EU are just not able or willing to compete.
Yo Viking bro, its not just Mehico - Here in South Africa, Chinese automakers are going bangbusters too - a combination of high specs, long warranty and really competitive pricing as compared to what you'd get for the same price from the traditional established brands, has caused consumers to really flock especially in this time of constrained spending.
South Africans love their pickups too and if / when BYD release their shark here next year, I imagine its going tto be the makings of another blood bath for the regular players.
German car manufacturers can get stuffed in South Africa, locally manufactured prices sold locally are 20-30% more than export prices. Germans milking gullible South Africans. Same with french, garbage first Renault production batch are dumped in SA. Euro and Japanese brands can go bankrupt
You forgot to mention of the mega port that China just opened in Peru. Bypassing totally the US.
Another Chinese Debt Trap.
@@michaelkatz275 I would welcome debt traps when debt traps make everyone in my country rich. Wouldn't you?
@@michaelkatz275 Another American propaganda comment
@@bellyfilled887 oh yeah. Better than US policies!
@@bellyfilled887 Once you have bought into the debt trap, everything will eventually be owned by the Chinese.
During the financial crisis in the 2000’s US was able to manage inflation partly because of cheap Chinese imports, I live in Mexico inflation is 6% here and interest rate is 11%, Mexico will not survive without Chinese imports
In the last quarter, 88% of EVs sold in Brazil were Chinese. That is staggering.
well, someone has to be the number one supplier of cars. Why not cheap efficient electric cars rather than stinky ice cars.
Doesn't Mexico have a pollution problem? .. i assume this would help.
If Trump doesn't like this, why doesn't he do what USA normally does for nations that don't do as they're told and change Mexico's president.
😂😂😂😂😂😂😂
Don't give the Trump bunch any ideas ... with Rubio as Secretary of State they'll naturally want to overthrow the Mexican government anyway ...😂 let alone given a new incentive to block Chinese car sales.....
That's laughable, Chinese nationalistic 'bully' mentality. Thats like how the first island chain nations off the Chinese coast won't do as the CCP tells them to do so China sends the PLA forces out to be belligerent and bully & threaten them. The USA negotiates with its neighbors, it doesn't tell them what to do and threaten them with military force if they don't.
I'm sure the orange one will try..
I'm an American currently in the middle east. There are lots of Chinese cars, and theyre good cars. If i were in the market for an EV, I'd choose BYD over Tesla.
Its just competition.
Bought XAI93x after watching your video, super excited! 💰
As long as Chinese companies can make affordable and good cars to the market, no one can stop its growth.
What problem? Mexico's free tariff policy enabled Mexicans to buy good value Chinese cars as intended. If US citizens decided to buy 2nd hand Chinese cars from Mexico, they are within their rights. A free people aren't they?
The American philosophy is if you can't compete cheat
Any car sold in the U.S. or Canada is required to have at least 80% North American content.
@@michaelkatz275No. Only Tesla and Honda Ridgeline can meet that threshold as of the 2024 model year offerings.
Its not that simple. The NAFTA agreement has certain regulations for certain products, and one of those categories of products is vehicles going across the international border.
U.S. Citizens aren't as free as they think they are.
You really bring good content. I enjoy every time. Thanks. 🖖
I appreciate that!
america will never help anyone out of poverty thats how they keep power
After being neighbors for decades....
US gave them a wall !!!!
that's correct.
This shows how nice it can be when countries have no conflicts and no tariffs. Peace ✌
I solely believe XAI93x will do 20x after its launch price, the hype is high and its community are not relenting.
Mexico wants better cars for better prices. That is what they are getting. :) even Ford CEO says that.
How dare Mexico look for gains in their own population and economy before asking if their overlords agree.
Mexica is growing in technology, electric cars are the future no doubt.
I hope Mexico gives the US "the finger". Mexicans need cheap, clean, transportation.
With China's help they can also transform their power grid quickly to solar and battery storage.
The US, on the other hand, is offering relatively expensive cars and does not have the ability to put in the solar infrastructure Mexico needs.
Mexico needs to look to the future. China is the rising economic global power in the world while the US is diminishing quickly. While Mexico will always be able to sell cheap produce to the US, the US cannot supply in quantity and cheaply the things that Mexico needs to move forward as a nation.
If the US forced Mexico to choose, I think enlightened (AKA not bought off) Mexican leaders would choose China. Mexico, and its entries into Latin America, is the perfect place for Chinese businesses to expand.
Well said!
The United States is hindering the progress of other countries
Excellent news for Mexican drivers, fill your boots before the political crazies put a stop to them like they did in Europe.
They're great cars.
Doubtful mexico is going to ban them. They're not part of the "Western club" like europe and its present and past european colonies with their "western" brands to protect. You notice that the west seems to be consistent to one another, and so very different from the rest of the world? The west loves its renters, and it loves its high priced cars.
I am a USA citizen and I work building car plants. Mexico has every right to do this and they should, if we tariff them at all in a free trade agreement then they should export duty all the parts coming here. In the end we will force them into BRICS. We switched to a service economy to get cheaper labor, we can't get mad when those areas have matured and now can compete. We went there to exploit them, that chicken has now come home to roost
" In the end we will force them into BRICS"
That is exactly what will happen if Trump keeps arrogantly blackmailing the world with tariffs. Far from making America great, it will turn everyone away from US exports, US dollar, and bush them more to trade with BRICS nations.
Russia has been using BYD EV for ages now, some taxis has over 1 million km.
The Chinese cars can be driven into San Diego by a Mexican resident, but cannot be legally imported or cannot stay longer than one year.
They are not certified: Federal Motor Vehicle Safety Standards (FMVSS)
Any insurance that will provide coverage for it in the USA?
@@Kenndy16 no unless it's 25 yr old car
Well stated. That certificate is required before Canadian certification. No China company has tried to sell autos in Canada for this reason…
Maybe a industry starts up where Mexican-Americans lease a Chinese car to drive in U.S for 12months, return for another one and repeat.
What no one is talking about is how much american automakers in mexico are importing from china for their manufacturing.
México is a free and independent country. Therefore Mexico can do business with whatever nation it wishes to do business with.
I’m convinced Chinese cars will sell everywhere but Canada and America.
Why would Mexico *want* to slow the import of Chinese cars? That would only benefit the US and raise the costs for the Mexicans.
The auto industry is notorious for price gauging, dealer mark ups, cheap faulty parts, long wait times for repairs, a money pit on wheels. The insurance industry is also notorious for price gauging. If anything buying a Chinese EV across the border and bringing it back to the US is karma for all the price gauging. In the end America is all about competition but not affordability when it favors corporations and those big fat bonuses for CEOs.
Why not. The west always used poor countries to manufacture stuffs not necessary affordable to improve local population or their economies. China is selling cars that average Mexicans can affords and to help to move their economy.
... because the West this time seems to be the poor...🤔
Very simple, good car with affordable price 😊.
You can't bring Mexican purchased or tagged cars into the USA, nor can you bring American purchased or tagged cars into Mexico. You can on a temporary basis but they cannot stay permanently.
What happened to the free market that the US keep preaching when they are winning ? let the consumers decide.
My favorite cars in China are: MG Cyberster, Arcfox S5 AWD, Hyptec GT & SSR, YangWang U9, IM L6, Mazda EZ-6, Hozon GT, Roewe D7, Onvo L60, Venucia VX6, Landian E5 Plus, Geely Galaxy E8, and iCAR V23.
Go test drive any of the cars I mentioned, you will be very pleasantly surprised.
China currently has more than 140 car brands, making them the most competitive market, thus in order to survive, manufacturers need to take customers' feedback more seriously and offer better products at lower prices.
The customer is always right, if the Americans want affordable EV’s and their favourite companies are not making them, they will get them from elsewhere.
The potential of XAI93x is unreal! Excited to see where this goes after watching your video!
The potential of a car company that recently beats Ford, Nissan and Honda is unreal too.
When you say that car exports to the US are crucial for Mexico, you forget about that Mexico's cheap labor is crucial to US businesses. Ford's Mach-e and the Chevy Bolt were built in Mexico to keep cost down. Build them in the US and no one will be able to afford them.
Bolt was built in USA with US and Korean components. Redesigned Bolt will also be manufactured in USA with made in USA Ultium battery.
What a stupid way the Dunn report asks the question. Mexico has every right to import vehicles from China, it is under no obligation to buy poorly built old-fashioned expensive vehicles from the USA. Mexico will gain competitive advantage from this versus its northern neighbours and it will increase its standard of living.
Auto factory workers want to live like upper middle class by putting rivets in a car, watch Netflix and 30 min bathroom breaks.
No wonder why prices are unaffordable.
20 years later, illegal immigrants will move from USA to Mexico.😂
Think some Americans will be soon getting the memo.
So it's ok for your market to be flooded with Japanese, European and American cars but as soon as you have a few Chinese cars you're guilty of colluding or something bad is happening to you
Mexico is doing a good job cause this coincides with Mexico’s rapid growth and y would Mexico want to stop this growth
Stelantis is not a US car company. It is a European conglomerate that bought American brands like Jeep and Chrysler.
European
Mexico has a significant car industry but will still benefit from cheaper vehicles.
Thanks to the fact that several different Chinese companies are arriving to México, the classic brands are lowering the prices. So is a win win, buyers of traditional brands get their cars less expensive, and buyers of Chinese cars get even less expensive cars or for the same price but with way more perks.
I am searching right now to buy one and bring it home to Canada :)
This is in all of Latin America. Every single new car in Ecuador is Chinese.
China gains market share: Sam 😁🎉
Thanks 4 update on Mexico's domestic car sales. CNBC had a condescending documentary 2 odd weeks ago, how China using Mexico as backdoor, not mentioning that Mexico itself is a big market.
Mexican here. Everyone in my family bought a Chery SUV. We all come from a VW, the problem with it is that they got absurdly expensive and they kept offering less and less equipment, despite being manufactured in Mexico. However, it still is rare to see Chinese cars on the streets, specially EVs. The most sold Chinese car has to be an MG 5, as most consumers still don't trust the quality of Chinese cars. However, Chevy is bringing most of their cheapest cars from china, which could explain why the numbers reported.
98,,, ha ! Yu out of mindless,, MG being also manufactured in China...? Yes or no?. Quality is DEBATABLE ALSO? Hey!.?
hahahaha. cheapest cars is WuLing .
@@asleytamkei7507 I'm not stating that the MG 5 is a quality product, in fact, it is somewhat unrealiable, however, it is so cheap that a lot of families are buying one either for personal use or as Ubers. As a chineses car consumer, I do feel that quality (speciall post service) is not on par with traditional brands, however, Chineses automakers are here to compete and is reassuring to see how fast the improve of their products and services. Traditional brands got way to complacent with their products and prices and Chinese brands hit them hard.
What you described is what needs to happen in the US. Since cars are sold with a low, mid, and high end specification, you often find the mid to high end ranges having significantly more equipment, while costing much more money. As a consumer, you just feel like you're being squeezed for every dollar.
@@asleytamkei7507 MG has been owned by a Chinese company for 17 years. All MG cars you see around the world are made in China. Oh, and there are also Volvo cars. There will be more and more in the future.
I live in Mexico. Within the past year, 4 Chinese dealerships have opened within a 5 minute drive of my house. They are way cheaper than most other brands and the quality is good. We just bought a dodge journey through a family member with an employee discount. It is made in China.
I live in Mexico. And Mexico roads tend to rougher than American roads. In my opinion, many Chinese EVs have softer suspension than say Tesla
One of the largest retailers in Mexico, Liverpool, has partnered with BYD to sell their vehicles with additional discounts. The cheapest BYD model is being offered at just under 360k pesos. For comparison, a higher end digital piano from Casio or Yamaha sells for around 100k pesos.
The Chinese EVs cannot just be purchased in Mexico and brought into the US, they have to meet federal specifications, only exempted after 25 years. Assembled in Mexico and sold to US is another story. There seems to be bipartisan pressures to maintain high tariffs to force American consumers to spend double what they should for a new car though.
Brasil will produce them there, then they can sell throughout Latin America. They can choose german, American , Japanese or whatever they want to buy in Mexico. They can’t force people there to just buy American. Is a free market.
Why it is so surprising? What is price of cheapest non Chinese EV? Huge majority of population of this world we live in can't afford EVs made by Tesla, BMW, Mercedes... Even majority of population of western wealthy countries can't afford it.
100 years ago Ford got it right. Make simple, affordable, somewhat reliable car and you will sell it.
You're right. Back when the Model T was invented, it was $10,000, and by 1920, that price reduced to $500.
can a virtually new car from Mexico be sold 'second hand' into the US ? What are the duty/tax implications ? Isnt that the relevant question ?
Mexico should not bow down to the bullies. they are a independent country
The United States is hindering the progress of other countries
With the stupidly expensive prices and plunging quality of legacy automakers, if the US opened its markets, the same thing would happen in just a few years... America really has no good options for new vehicles now and the crashing domestic market is now really showing that.
I heard something about instead of building a giant wall around the Legacy automakers use money from a modest tariff to help them innovate and develop to compete better. A win-win for everyone
Let's not forget that Ev car is also move to Brazil. They don't need to send the car to North America, they just use the money earned from export etc to buy them. U can stop the product to come to your own people but u can not stop the flow of money
I must admit, I work in the USA for a Chinese importer of Chinese restaurant equipment, I change the wiring to USA code... Chinese are very intelligent and they stick together and help each other, their work ethic is unbelievably high... honestly they deserve such success. 🙏
D: mexico willingly adopted chinese cars