The Real Reason The U.S. Doesn’t Want Chinese EVs
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- เผยแพร่เมื่อ 26 ก.ย. 2024
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Americans pay more for EVs than almost every other country in the world. This video delves into the lack of affordable electric vehicles (EVs) in the U.S., contrasts it with more economical options in countries like Mexico and Costa Rica, and explores historical protectionist measures that have shaped today's market.
Learn about global players like BYD and the challenges of competing in a market dominated by tariffs and trade policies, highlighting the broader consequences of such economic strategies.
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Can u talk about quality and reliability of the Chinese made cars that seems to be missing from the vid. Am seeing bad reports of Chinese made evs coming from the Chinese fire wall getting pass their censorship
Go looking for BYD explosions, there are also security concerns, also they pay their workers peanuts, if you're standing near a byd I advise you to move away
That silver platter is made in China😅
@@primeroultimoToyota is now using BYD's plug in hybrid tech...Instead of imposing tariffs or being arrogant they made a pragmatic decision, a wise step for Toyota.
When US enterprises have the advantage, they will shout "Free trade is the most important thing".
When US enterprises are at a disadvantage, they will complain that "national security is threatened"
That is why US auto makers were no longer competitive as they were too spoiled for competition. As a matter of fact, the whole of all US industry become inefficient due to this.
And over production 😂
@@marvinfok65Please, Western automakers showed Chinese how to make cars. Now the Chinese govt is heavily subsidizing EV’s up and down the entire supply chain so they can take over the entire industry. Western govts are catching on now after they did this to solar and 5G networks using Huawei.
Now educate yourself next time.
@marvinfok65 what are talking about the US is best producer of hydrocarbons. Best maker of military equipment. Best maker of computer programs. Biggest companies in world are computer programs maker Microsoft, Meta , Alphabet ,Amazon
true
$16k gets you a golf cart in the US
🤣 So true. 😂
Pretty sure them golfcarts are made in China as well 😂
Down-payment on $70000 truck!
@@mikhailmamontov2155 I'd be shocked if those truck drivers actually managed to put 16k down for their trucks 😮
A Nissan Versa with manual transmission is under 16k, and it saves you from the terrible Nissan CVT transmission .
The USA loves free market as long as it wins, if it doesn't then it's protectionism all the way. Another example is when Toyota took over the USA, the country put tarrifs to japanese cars, but the funny thing is Toyota kept selling even with the price increase.
Toyota ended up building large plans in US and Canada
@@zeusmultirotor8479 but if make Toyota lost profit and sale to American company Which is not able to compete in terms of quality. In 1990 Japan's Minimum wages were higher than those of the United States but their cars were cheaper
bull*hit. It's because China forced US car companies to partner with Chinese auto companies in order to sell there...then they ripped off the US manufacturer tech to build their own car companies. Now on the other end, they are going to get a tariff in order to sell here. It's Mano et Mano. If the Chinese dont like it, they dont have to sell here. It is what it is
American car companies just increased their prices but people still bought the Japanese cars because they were superior.
@@zeusmultirotor8479the usa forced them too, look at the plaza accord as well
Our Government is saving us from inexpensive cars. How noble of them.
and factories with safety nets to stop the mass suicides ... but hey, if that it the world you want to live in... by all means move to CCP with a 12 hour day 6 days a week work schedule.
@@jeremytine XD, do you think car production is all hand-me-downs these days? welcome to the era of automation bro!
@@HaozheLuo i guess that is why BYD has 704k employees to produce 3 million cars in 2023, because robots do everything? While Volkswagen sold 10.9 million with 684k people. 😉
@@jeremytine@jeremytine 12 hours? Have you ever been to a Chinese car factory? It's 24/7 full automation.
@@leeway777 and yet BYD employs 704,000 meatbots 🤔
I saw a video that celebrated how Oakland schools have Electric buses. When I zoomed in on the buses, they had a BYD emblem! BYD is already in the USA.
BYD does have factory(s) in US to make electric buses for US market for a while. Because big size vehicles have fewer restrictions and more relaxed regulations toward them in US. That's why you see pickup trucks are being made bigger and bigger nowadays.
Woah didn't know this😮
American auto makers where is our small affordable evs?.
BYD bus factory already in Los Angeles for over 10 years, however the cars never existed in the USA
@@weizhang2834 So why is the media brainwashing us into believing that BYD is not allowed in the USA?
Polestar/Volvo are in the USA and is 100% Chinese company.
They claim free market capitalism, and the moment China defeats them on the market, they turn into protectionists.
If I can not compete you, I ban you.
You must be Chinese
If it wasn’t for unions they would be able to compete 😂
@@ericp4573Tesla has no unions and China does have unions
This, is the America definition of ‘free trade’. 🤣🤣
@@ericp4573that's the dumbest thing I have read today
Yes .. But the real Background Player is the Oil Industry which would suffer majorly if the US had Cheap EV's
Oil industry needs to go broke, so that evs can flourish.
@@earlvarner9479So you want to live on a cave? Interesting.
Bingo, you got it.
@@earlvarner9479 how? planes and ships would need a different fuel anyways
Buddy, every thing you touch, from the tooth brush to the tooth brushing paste tube to the switch on your room to the clothes you wear to the shoes you wear are all made from petroleum. Granted gasoline takes around 30% of oil consumption, the rest grows at fast pace, oil companies are here to stay.
Ha! Calling a Tesla an "affordable EV" is like calling an iPhone an "affordable smartphone"
The irony that the new Apple update or iOS copies a lot of new features from Android which is way cheaper.
🤦🏻♂️🤣
@@ruarika3112 The true irony is a lot of Android features that Apple copied were copied by Google from iOS jailbreak community. Most of the features available on Android were available on jailbreak iOS long before Android got it.
Nobody told Tesla they needed to start from a blank slate and make cars using cutting-edge processes and materials. The country is chock full of automaking machinery and *none* of it can be used on a Tesla because of their conscious decision to make Teslas unlike any other car on the planet.
They threw away a century of tested knowledge to make something "better."
There is no “affordable smartphone.” There are only more expensive and less expensive smartphones
@@jamesmurphy449 "start from a blank slate" And that's exactly why I like Teslas over EV's from traditional manufacturers.
Tesla looks like it's going big. I really want to profit from the market this year. I have about $80k I want to invest in the market. My brain doesn't do very well in understanding these things. How else could I utilise the market opportunity?
I would advise you to concentrate on two main goals. To start defending yourself, find out when to sell stocks to reduce losses and maximise returns. Secondly, get ready to profit when the market recovers. I suggest having a conversation with a financial advisor or broker.
Indeed. With a yield of 85% since early last year, my portfolio is well-matched for every market season. Though it could take another year, my CFP and I are aiming towards a seven-figure ballpark target. After physicians, I believe that financial counsellors are the most in-demand professionals.
Please who is the consultant that assist you with your investment and if you don't mind, how do I get in touch if you don't mind.
I’m hesitant to make recommendations like this online so I can't drop her contact here, but you could look her up yourself and contact her if you wish. Her name is Celia Kathleen Martel.
Thank you for this. I'll send her an email, and I hope I'm able to make something out of it.
Same story in Europe, if you can't compete with them, ban them.
Europe follow USA master orders, same with Canada, but worse, no a single Chinese car seen here, just sad.
Exactely !
Taking a great leasson for the master China itself .
Souch ignornce woth you people
And then BYD uses a cheat code and somehow... our cars are slower?
well no these chinese cars are already in europe.
Tariffs are just excuses for protectionism. In the long run, it will erode the competitiveness of US. At the same time, the people suffer as they are the one paying for the increased cost. A country that boasted free market but in actual fact, has always been doing the opposite.
Always has been
That's why China had a 100% tariff on car imports at one time and has since lowered it to 25%. Apparently it didn't hurt their competitiveness so your logic is flawed.
@@someuser7501tariffs does work but it is a sign of weak local businesses. Back in the days when China is weak at automotive manufacturing they put tariffs at 100% and now much lowered. Tariffs just hurt the consumers and benefits the local manufacture.
@user-li8cc9nk1h yes and right now the auto companies outside of China are weak when it comes to making EVs. Only Tesla is making a profit selling EVs while everybody else is so far behind they lose money on any EVs they sell.
America is a big hypocrite.
Free trade left the American chat
China heavily subsidizes its EV industry. There was no chance for free market here.
@@joela.4058 free trade is not free market
@@joela.4058I suppose when the US govt gave ten times more subsidy to general motors and other companies for electrification, the companies spent most of that money on securities buyback, unlike China where companies utilised the same for cost cutting and innovation
@@mdahmed9079 Are you referring to bailouts in 2008?
@@joela.4058 As if the American car makers aren't heavily subsidized! what a joke
If i were a yankee auto worker id be ashamed that i work in an industry that needs protection to survive.
Does China have a protectionist economy? Can you import vehicles from North America?
@@12time12 R u joking? Ford and GMs are everywhere in the China
Gm ford and tesla all sell cars in China its one of their biggest markets
@@12time12 Of course,but vehicles are still imported. Currently, the import tax rate for cars in China is 25%, planned to be reduced to 15%. There are many American cars in China, with most mainstream models manufactured domestically and a few high-end models imported. I recall that about one-third of GM's sales are in China
@@12time12lol your ignorance made me laugh
Actually, what you’ve witnessed in Mexico and the rest of Latin America with Chinese EVs mirrors a historical pattern similar to the rise of Japanese efficient cars in the 1950s and 1980s. By the time the United States opened up to Japanese cars, American manufacturers were crushed by Japanese dominance in the industry after decades of continuous improvement in the Latin American market.
Unfortunately, this lack of a learning curve is what’s killing American-made cars. Japanese cars still dominate the market in LATAM and the US today. Now, Chinese EVs are gaining traction in Latin America, following a trajectory reminiscent of the Japanese cars’ success.
Same problem with American companies for planes and trains as with autos. Let alone so many “American” vehicles aren’t made in the USA, or are mostly made of imported parts.
All year long it’s been constant bad news about Boeing. Meanwhile there isn’t a single American-based company producing passenger trains. The bad business model is a systemic failure.
Probably worth nothing Japanese Car makers seem to have fallen into the same trap with regard to China. Toyota prefer to spend big money on peddling FUD and trying to convince everyone Hydrogen cars are the way to go. Yeah, that's never gonna happen. Why not just do what they will have to do anyway and build affordable EVs that don't need dealerships, servicing and will bankrupt the Petro Chemical Industry. Err....
Actually, BYD is the brand that sells more EVs and Hybrid cars. The top-ranking hybrid plug-in car is BYD Song Plus @ USD 46,000.
American-made cars are only competitive in America thanks to intervention from Daddy (federal government) to severely restrict competition. Outside of America nobody buys US cars.
I cannot wait for us to lose the fight. Eventually there will be BYD vehicles everywhere just like there are now Hondas and Toyotas
BYD sold 15,000 cars in 3 months in 🇧🇷, cars prices ranging from USD 23, 100 to USD 46,000. BYD Song Plus (USD 46,000) ranked 1st on this list. If prices were lower, then the sales volume would be even higher. I saw people trading in their Volvos, Land Rovers, BMWs, Jeeps, etc for a BYD. All brands when compared to BYD cars seem truly outdated. Toyota is trying to sell Toyota Cross Hybrid (USD 29,000 in USA) for USD 43,000 in Sao Paulo. Luxury price for an outdated vehicle! No way, Jose! BYD has a plan to expand to 250 dealerships and be the 4th car brand in 🇧🇷. Wishing them great success!
How is the Corolla Cross outdated?
@@re4796you might think Corolla Cross looks modern inside out, but when you compare it with the latest models of Chinese major EV brands then you see the difference.
@@dwchen1 the difference being?
@@re4796corolla cross is not even a plug-in hybrid, look at Song plus, its another level. You can charge baterry and drive eletric mode for short routes that most people actually use cars for, the mileage is also far better compared and price is about the same. BYD is destroying the competition, even GWM another manufacturer is doing the same with H6 phev.
@@re4796corolla cross is not even a plug-in hybrid, look at Song plus, its another level. You can charge baterry and drive eletric mode for short routes that most people actually use cars for, the mileage is also far better compared and price is about the same. BYD is destroying the competition, even GWM another manufacturer is doing the same with H6 phev.
2003 BYD starts making EVs
GM destroys everyone of the EV1 cars - pure irony
First, Tesla. Now, Chinese EVs.
Two moments of GM regrets. They could've innovate & dominate, instead they went back to milking the old cow... and now that cow is dying.
one EV1 is hidden in a garage in northern california
@@Matt-ne6de with batteries and functional?
The United States also has huge subsidies for American car companies, far higher than China's subsidies as far as I know, but American car companies do not use them for R&D and innovation or subsidies for workers, but they give them to management and shareholders.
Exactly....
BYD financial statement that has a few unexplained "other" liability with really big numbers, which most ppl dealt with china understood those are most likely "government subsidy" in disguise. Those numbers dwarfed the number in US subsidy by a whole magnitude..
where in turn it feeds back to the few privileged from the top of the gov food chain.
The real reason why the USA doesn’t want Chinese EV, will be due to ‘national security reasons’. 😂😂
Gotta love leftists who suddenly love Reagan “muh free trade” just because it’s China. Those of us on the left who hate free trade are at least consistent.
PS - if China won’t allow cars made in the U.S. to enter, why do you suddenly require that the U.S. allow Chinese cars? Haha, hypocrite. 🤡
"Folks, do you want Xi in your car with you 24/7" 🤣
@@wenerjyI don’t mind if cars are cheap. I think Xu is too busy to care my daily business
🎯💯👏👏👏👏
@@wenerjy 😀Maybe you are an Onlyfans star 😀
The biggest reason why American made EVs aren't as widely available and as low cost as Chinese EVs is because in America, corporations rule above government. In China, the government can strong arm manufacturers into meeting their demands to build electric vehicles, because of their policies and goals for their economy. But in America, corporations strongarm the government to leave them alone, often through bribes, all while bankrolling their mediocrity with subsidies and tax breaks. Also, the oil and gas industry is huge in America, and a mass adoption of EVs would mean a significant drop in fuel and lubricant sales, so they too, probably more than manufacturers, keep the government from enacting ICE bans or enforcing net zero emissions goals.
both the US of A and China are bad at EVs;
Chinese EVs can catch fire!
US EVs can crash into people and other vehicles!
Ebikes are best.
:-0
Since when exactly Tesla a US company at the present time is leading in sales by a pretty huge margin.
@@RNA0ROGER
Er...Nope!
"Tesla sales fall for second straight quarter despite price cuts" The Guardian, july 2024
"Tesla's Share of U.S. Electric Car Market Falls Below 50%" New York Times, july 2024
"Tesla Is About to Lose Its EV Market Majority in the US" Bloomberg, June 2024
"Tesla sales fall again as more automakers crowd electric vehicle market " CNN, June
Tesla sales increased in China, tho.
:-0
Several factual errors in your video: 1. BYD no longer copy design with their EVs. They actually hired former designer from Audi and created unique designs 2. Battery production requires almost no labor, which plays no role in costs. Its about smart batter design and control of supply chain.
It's vertical integration, almost all parts are produce themselves, so, everything is more efficient, cheap, and faster to produce!
And subsidies
They even own their own lithium mines and cargo ships to save on transport and materials.
Even at the end of his video, he doesn't get to the point.
Even if they copied designs i don't care as a consumer.....the car should be affordable and should meet my requirements thats what most people go for in world....hardly 1% people seek premium luxury in cars so yeah if it does the work for me i don't care its copied design or not
The best quote I saw regarding Chinese vs American EVs is: “Americans gentrified EVs, Chinese democratized them.” Says it all
Nailed it!
I was going to say "optimised"
But same difference.
The Chinese monopolize them, that’s the difference.
Average westoid logic @@jalend9974
@@jalend9974 Pretty sure the point of the video is that America is trying to monopolise EVs in the US by forbidding fair competition from abroad. The Chinese have no such rules, they're just creating lots of competing EVs in their own country that happen to be far more affordable than what the US can make. No monopoly necessary when you have strong manufacturing. American must have forgotten about that after they offshored all their factories to Asia without expecting any consequences from that decision.
The next 20+ years will be very humbling for US citizens.
Humble doesn't exist in American dictionary
@@ALV694 Agreed - the US isn't going to be humbled.
@@ALV694 not yet....
@@ALV694 it will be included, wait and watch. USA will eat humble pies.
Americans would rather bury their heads in the sand than eat humble pie. We are raised to think that we are the only country that matters.
The government wants you pay top dollar for EV’s lol
The government wants people to pay More !
Protectionism for the US auto makers. They want profits without innovations.
Cars in general
The government is owned by corporations
Yet doesn't invest in public transportation
@@ALV694that’s a feature not a flaw.
Another big issue with the EV’s being produced in the U.S. is the focus on luxury rather than their actual purpose.
It seems this is the route they are taking. Unfortunately, in the developing world people don't want $100,000 full size SUVs and pick up trucks.
This is the same mistake they made in the 1970s. Japan was producing cheaper cars with things like ABS and traction control, while American brands were focused on luxury.
@@bubba842 THIS!!! My thoughts exactly! American car manufacturers have learned absolutely nothing. You would think that after Japan dominated the 90’s they would’ve “got it together”, but it seems they continue making the same mistakes. Japan has been dominating for decades, because they give the people what they want.
Basic or uncomfortable cars don't sell well in USA. Most buyers expect a decent amount of features and comfort even on a cheap car or commercial vehicle.
Nah, they lack the skill to keep their cars running for decades.
That’s the same issue with housing too
Chinese companies might be subsidies but aren’t Ford, GM and Chrysler subsidised too?
our govt doesnt subsidize chinese EV companies, but subsidize consumers
consumers get all sort of refund/convenience
We want rules for them,
but not for us :)
no. They are not subsidized in the US.
Our Chinese government subsidizes all electric vehicles, whether they are from the United States or Japan. The United States prohibits Chinese electric vehicles, let alone subsidies.
@@kenho-wr5ul2rh7m yes American car makers are getting subsidized, Yellen even admitted it
After global EV mandates, the US wiĺ become the land of classic gasoline vehicles, like Cuba.
USA started to look like CUBA
It will be so terrible when “they” force affordable clean and more reliable cars on everyone. Won’t anyone think of Saudi Aramco, British Petroleum, Royal Dutch Shell, Chevron and ExxonMobil? How are they going to keep making all that money from us 😢.
The diferrence that Cuba is blocked by US while US is blocking itsels
@@Takudza they have no problem selling oil, china buys all the available oil, if the us doesn't need it more left for china.
Maybe in a timeline where Cash for Clunkers and the auto industry haven't already massacred the used market.
It's funny how I've seen a lot of people talking about "but the Chinese government subsidize EVs". People, what do you think the US government does hahahahaha? Ask Tesla how much subsidies has received in the last 10 years hahahaha.
The car companies are squeezing as much juice out of that old orange as they can. The Chinese have planted an orange tree. Strategy.
It's actually an orange orchard.
China was the first country to domesticate the orange. (Hence Mandarin Oranges are a honored part of Chinese culture.)
USA just cannot compete with the superiority of Chinese market.
They are completely outmatched and outclassed, and are now trying their hardest to keep them out. As a result the US consumer is suffering.
The issue is probably the high cost of labor and taxes in USA, everyone in USA including yourself wants the freebies from the government and to pay for all all the freebies of anyone who wants to come into USA. This causes taxes to be very high. Each one of us working has to pay for maybe 3 other people.
Now the American governement can say: see, EV’s are not that cheap, better stick to the classic American ICE car…😮😢
China's eV dominance was achieved by hard work and long planning. Not handed by the US.
finally someone talking with sense
Aided by massive subsidies and cheap labor costs etc
Also stealing tech with espionage and legally hiring up car managers
@@AusDemSchneider China doesn't need to steal tech when Tesla doesn't patent their inventions and Tesla has a Gigafactory in Shanghai.
@@AusDemSchneiderAmerica was giving subsidies too, but apparently not in a way that would actually grow an EV industry. Perhaps the oil companies have too much influence in the US, compared to China
The legacy automakers in the US and Japan are unwilling to innovate because ICE maintenance is where all the money in automotive is. Tariff only gives them borrowed time. So does spending millions to change the minds of the people into hybrids. We live in interesting times as we watch the power struggle that will change the automotive landscapes unfold before our very eyes.
Exactly. The low maintenance of EVs is what attracts me most. There’s always something that needs getting fixed on my Honda Accord.
Hybrids are another stalling tactic that will fail. Either go full ev and compete, or dont and slowly fade into nothing.
Tariffs only affect the american consumer, but also gets the votes for the politicians !
Absolutely
Seeing these young Americans knowing these about economy in general brings hope. Yall just have to get those all folks out of congress.
They can't, the majority of voters are boomers. Not only is the biggest population bolus the boomers, but they have a higher voter participation rate
I remembered that Americans even burned Toyotas
Isolated case,
@@Random-yq1wu nah, they are pretty protectionist with their industries and they are run by monopolies, americans dont like other countries advancing.
@@Random-yq1wu isolated cases were done by the US congressman, don't know what kind of message that was delivered tho.
The elephant in the room is the dominance of the EV supply chain and minerals by China.
True. I'm not sure that handing the entire car industry over to China is in the USA's best interest.
@@davidgmaloofso innovate. Make cheaper more affordable EVs rather the grotesque high margin gas guzzlers you Americans love so much.
@@Takudza What’s wrong with big cars, and why would Americans care what anyone else thinks?
@@davidgmaloof you are the one worrying about the Chinese taking over the car industry. They are doing it by producing higher quality at lower prices. The fact that the US has to resort to tariffs to protect an industry that’s refusing to innovate should worry you.
The US (and most other producing nations) caused this to happen by outsourcing everything for cheap labor. In search of the bottom dollar, they ended up losing their manufacturing capacity and now they have nothing but tariffs.
China meanwhile, used the opportunity to become a superpower.
100% tariff on EV from China and subsidies of domestic manufacturers may produce expensive EV in U.S. It may be the end of US auto makers as a global player.
theyve pulled out of europe and will soon pull out of china.. its a longtime coimg
Ford, GM will soon be US exclusive players.
Right to the point, by then US consumers cannot afford US made cars and resort to buying bicycles from China. If it happens, that will be a misery!🙈
"It's insanity to keep doing the same thing over and over again. But expecting a different outcome!
Amazing that everyone still claims that Chinese cars are getting subsidies without specifying any by name. Is it a early start tax holiday ( issued in all countries and state levels), subsidised utilities, parts, tax rates, labour subsidies? I lived and worked in PRC in a JV and know that if they are there they have specific names and rules on applications. Yet no one mentions the general terms let alone the names of the subsidies. Sounds like myths and made up excuses to me rather than owning up to the fact that they are just cheaper to make.
The only 'subsidy' I know of are the tax holidays given to all businesses that offer high tech/ quality development or technology transfer in China.
Actual monetary transfers like how the US and EU subsidize their businesses? Almost certainly not.
Tesla rip off Americans , how come a electric Tesla car can cost 80 k the component in a electric car is less than half of a gasoline car, the same 80k I saw in Hongkong a Taiwanese car for less the 30k😀😀😃,Tesla is rioping people off in 🇺🇸
Tariffs on cars that aren't even for sale in the US......🤔
That tells you something,the u.s is scared to death
many tesla are made in China and shipped back to America for sale.
@@chion918
They will get the Elon Musk exemption
What people are missing here is this doesn’t only apply to EVs, the Chinese own Latin America and the Caribbean for ICE vehicles also. I was on vacation not long ago, the streets were flooded with vehicles under 19k. The last time I was able to purchase a 19k vehicle was a Hyundai in 2020 for my brother I believe. US manufacturer have to figure out ways to lower cost
If it's the quality that they are worrying about, realize most of the American cars were made from Mexico. Worse than chinese
Or, and I know it's a crazy idea, build out a robust public transit system such that you don't need to drop $20,000 just to participate in greater society.
@@traviskitteh wait until you see the invasion of chinese ultra cheap electric passenger aerial vehicles
They can build cars for less than 19K
but they do not want to !
They like high profit instead and less units (less labor cost)
instead less profit and higher production (more workers to pay)
Unions will make sure that doesn't happen.
It's funny how Americans are okay with the govt restricting them from affordable options to protect American car makers. Next time they might say you can't eat Chinese foods for example a Chinese fastfood outlet cos it's cheaper than American food outlets..
No, next time China will say you can't eat egg rolls from the USA because they use real meat😂😂😂😂
@@RacerX1971 Only one country sanctions when they can't compete...and it ain't China....
I would say the difference is that other “Chinese” options like food employ US workers and are made here. Chinese automakers are trying to import their cars without bringing jobs here. I’m sure if they manufactured them here rather than in sweatshops their prices would be nowhere near as low. Maybe still lower, but then at that rate it’s like the video said they would much rather just export to the rest of the world’s economies.
@@RacerX1971 this is extremely racist and sinophobic
@@user-91291 , go on youtube and see them making fake meat, fake rice, fake etc..they even paint their pigs black so that they could sell it for more. Btw, I'm part Chinese.
BYD did not copy Tesla's design. BYD has its own design department. The chief designer of BYD's electric vehicles (EVs) is Wolfgang Egger. He has been with BYD since 2017, leading their design efforts and creating their design identity. Egger previously worked for prestigious brands such as Alfa Romeo, Audi, and Lamborghini, bringing a wealth of experience to BYD's design team. Please check your facts before your broadcast.
We make up our own facts, thank you!
From time to time I hear of Westerners howling that Chinese copied something. It turns out the Chinese HIRED the guy who was previously working for a Western company as designer.
China values human talent and human input more than the capitalist countries that value shareholder value.
US also subsidised Detroit, but GM used the money to push up their stock price and pay shareholders.
I agree, tariffs are poor choice
“Muh free trade” is a worse choice.
They won't do anything anyways, they'll just delay the inevitable unless the US autos actually innovate and rapidly catch up.
@@12time12 No, tarrifs are the worst choice. The only benefit would be to create more domestic jobs, increase revenue for domestic automotive companies/workers, and evolve our automotive industry. However, all these benefits become void if the U.S and these companies refuse to decently pay/hire more workers, innovate the automotive industry, and produce affordable EVs rather instead of solely expensive EVs that can only be purchased through leases with high interest rates. If they can't do that then people will simply stop buying cars and the industry will crash. Tarrifs are just passed onto the consumer and if there isn't decent domestic competition then tarrfifs just hurt the consumer especially if the economy is the way it is now.
@@pill5384yes, I’m familiar with Laissez Faire economics. These companies aren’t just sitting on their hands, they are mobilizing to improve their vehicles. Future battery technology is being researched by all 26 National Labs, including the famed Los Alamos. We would be sitting pretty if the last guy in the White House didn’t install his oil industry minions who essentially halted research and sold off our battery patents to other nations. I’m not sorry, tariffs are a great choice to protect jobs when sound policy is used to bolster R&D. Environmentalists and globalization advocates may cry tears of green, but they’ll live.
I’d also like to point out that our subsidies are paid on customer delivery, China is paying out a subsidy upon completion of the vehicle at OEM. This encourages dumping. I have no problem with China setting up manufacturing that meets USMCA regulations in the USA, I would even buy one. Their favorite phrase is “win-win cooperation”, that doesn’t mean China wins twice. 🙂
@@pill5384 additionally, they are detrimental to American make sales overseas since the protection makes them less competitive
Business owners are owning the country.
US want their citizens buy expensive cars
they want to make decision for you and you have no freedom and choices. the truth coming out about their integrity and morals
You mention at 7:40 the issue with USA Auto, It's not luxury and it's not affordable. Personally this is why I think they went the route of utility. Almost all automakers in the USA have pivoted towards trucks and SUV's. They can't advertise on luxury, because European cars exist for comfort and sport, and for affordability there's Asian manufacturing. Want a truck though? The USA has you covered, the same with an SUV, because you'll definitely, eventually, one day need to move a couch.
Years ago, when Japanese and Korean steels flooded our market, the media somehow portrayed the mills with tons of cheap labor. I visited the Kobe Steel in Japan and Pohan Steel in Korea. The Kobe Steel was an older steel mill and was not as modernized as the Korean. The Korean plant was fully automated and had less than 10 operators. In comparison, an Ohio steel plant for remilling steel plate, about 1/4 the capacity of the Korean plant had over 300 workers. The Ohio plant is now defunct as it did not modernized. Many Chinese auto-manufacturers are operating on dark -modes. No employees, just robots, and lights are not needed.
Finally, an honest assessment. I mostly see propaganda on both sides of the EV debate. Many have strong opinions with little to no information. I applaud you, sir…
The issue is that China literally perpetuates propaganda. So even this unbiased take giving them their due, is still based on propaganda
all economic power subsidies the markets they select to be strategic, Tesla is strongly subsidy, Germany subsidies the car industry, the heavy industry, chemical, the tech ones, etc etc, the us subsidy aeronautical, automotive, data, tech etc etc France subsidy alot too, japan, korea, i mean come on only china do it?
Well you see if I am not mistaken China was paying the manufacturer a certain amount for each car sold while the US is offering tax credits to the buyer. Functionally it is a government subsidy either way but the US gets to claim it isn't subsidizng because the money isn't going directly to the manufacturer.
Things can also get murkier as mentioned in a video by Mentor Pilot. The government funds NASA and NASA has a joint project with Boeing. Similar thing with Airbus. Who is or isn't subsidized?
Increasingly it just seems like China is terrible at hiding these sort of things and having plausible deniability. I guess they are still learning.
@@MorbidEel
American "car companies" got $25 B$ stimulus to develop EVs.
( It was direct subsidizng from us Government)
And what happened to that money?
They buy back stocks and gave the money to the share holders.
They have not used the money to develop EVs.
China gave 3.6 B$ to BYD and they made better EV than Tesla :)
So 25 B$ over 3.6 B$ (or maybe 10B $ for all the Chinese companies, but still far less than US)
Know your Facts !
@@petardetar5191 Didn't know about that. I think Verizon did a similar thing for rolling out fiber internet. Although they at least made a show of trying to do it.
In 2016 I bought a use Mitsibishi IMiev 2012 in Orlando Fl for $7,500 ... and still is my main drive car today . It only had 1,800 miles driven at the time .
Chinese brands like NIO, Xpeng and BYD would end American EV companies.
Your final point was really interesting. As an Australian I have a similar access to cars as much of the world, Asian cars for something cheap and Euro cars for something luxurious but I have no desire for any new American cars.
great job young man
The Yuan Plus/ Atto 3 is not a Tesla model Y competitor. Its a smaller segment car than the tesla. The Byd sealion competes with the model Y.
yes, I think here the Yuan Plus competes with VW ID4
Yes the BYD Seal is the Model 3 competitor, you're right
Excellent informative video. Thanks.
Save you time, there are two reasons:
1. US doesn't want to lose profit to China
2. US doesn't think China should make high tech high quality stuff, just cheap garments and plastic
the U.S. created the mass produced car - so it's key to U.S. economics - especially since the U.S. Empire is based on the dollar as the "petro-dollar." oops.
3. China subsidizes its EV industry in a way the US would never be able to compete regardless
4. Its a national security threat to have chinese tech use widespread in the US
5. China doesn't allow a myriad of US products to be sold there as well, why should we allow them to sell their stuff
@@joela.4058 umm none the points have grounds to stand on. Us subsidizes its own tech. ever heard about inflation reduction act ? plus about every American company is in China . Tesla, GM ,Ford, HP ,Apple, Honeywell. I don't know what you're talking about man. Now there is definitely national security threat from Chinese software, but these aren't software were talking about, Its physical goods. All these comments show severe lack of education on American part
Now imagine china's retaliation 🤣🤣America businesses needs Chinese market Tesla earns 1/4 that's 21 billion of its profit from China 😢protectionisim won't work what happened to free market 🤣
America is a continent
Free market ended in 2012 when NASA had their entire research archives stolen.
Tesla's entire profit last year including China, USA, Europe was 15 Billion, where did you get 21 Billion from?
@@amols101he didnt say in what currency duh..are you sIow?
@@orangedeelerbut the audience is mostly Americans and the company in question are American, are you slow?
I need a Chinese EV badly here in the States
Why? Americans are not in love with EVs.
won't happen anytime soon or within the decade.
If I am not mistaken, some of the cars mentioned at the beginning of this video cannot be sold in the US because they don't meet US safety standards. That said, tariffs, etc., are keeping the others out.
The contrast is this, IF US automakers were competitive they would A) Band together to make innovations to compete B) Ask not for bans but Tarriff's to offset the amount of Chinese prop up of their industry. C) Ask for minium safety, durability and range regulations that would psuedo ban all the Chinese EV's. We in the US however went strait not competing. Bad for our industry and economy if we can only sell to US customers because we cannot compete outside of our country how long does that give us before the auro industry comes around for bailouts again?
The Chevy bolt EV was never $26,500. It was always more than that. The US EV vehicles are extremely expensive.
The electric vehicles on the market are well beyond the means of most consumers and get more expensive all the time. Tesla and Rivian both hiked their prices this month. The cheapest Tesla, a Model 3, now costs $47,000 to start. Ford's Mach-E has a similar base price if you include the delivery charge and taxes.21 Mar 2024
The best thing about capitalism for the world is competition. It drives innovation, cuts costs and life gets better for lots of people.
The worst thing about capitalism for the capitalists is competition. It means hard work and less profit for the capitalist.
Central America has had more vehicle options in general since the 2000s; gas and diesel too.
Here in the USA we get 4-5 cars cross branded across 3-4 different makers. And they're only available in four colors.
Australia used to have a car manufacture industry, mostly American car makers, to keep them alive Australian government put up high tariffs, heavy subsidies, basically $150 million (roughly $100 million USD) a year for about 3000 jobs, basically government was paying almost all employee salary, so labour cost was not a factor. Still they could not compete, just asking more and more subsidy. Eventually Australian government given up, all car manufacturers left, as they promised, so now car tariffs are gone. At least in the case of Australia, it was not about labour cost, since government was basically paying the workers, they had a labour cost of almost zero. They can if they wanted to use car parts made in China, so they should have a competitive advantage in terms of cost even compare to Chinese car makers, even with that they failed.
US automakers can cocoon themselves with trade barriers. But, if chinese car makers cant come after them in the us, theyll get them elsewhere. So trade tarrifs are a losing battle no matter how you slice it
US automaker corporations can’t innovate for smack. Much more interested in stock buybacks than research development. And this is a problem across corporate America especially with vehicles. Just look at Boeing clogging up newsfeeds the entirety of 2024. The wounds are self inflicted and it hurts to be on the losing end.
US wants back to Horses and Carts Grass and Hay. For National Security Issues.
US government doesn't want but uncle Sam never asks if people here whether they want or not. We can't neither vote nor even have the options.
Whether i want to buy is one thing... Choices in the market is another thing
Theoretically we vote for Congress and the president but they don't ask us what we want.
Latin America produces a wide range of cars from diferent manufacturers, specially Brazil, Argentina and Mexico.
We are not just buyers, and there are talks about the Chinese cars here too.
In Mexico, until three years ago, traditional brands agreed to sell their cars at inflated prices. On average, the cost was 40% more than in the United States with less equipment even in models manufactured in Mexico. Since the introduction of Chinese cars, which are mostly of lower quality, traditional brands have reduced their prices and improved their warranties and services. Competition is helping the consumer
BYD are way cooler and better built than a Tesla , you just used and older family SUV for comparison 😂
not true. they are still following the footsteps of Tesla. Elon made many things open source, so countries , particularly China is still learning but learning very quickly. Tesla is still ahead in innovation.
And they're all small tiny little cars. I like a large full size luxury automobile which tesla dosent even make. With over 7,000 miles of traveling i do every year i need a car with range, not available in an EV. But, if the Chinese made Zeekr EV was available in the United States of America, i would have one sitting in my driveway right now. 15 minutes of charging for a range of 641 miles which supersedes my 570 miles of range i get with my Jaguar XJL. But like highspeed bullet train technology which is also, (fully electric), these high range EVs are not available in the United States of America. American EVs need improvements. Till then I'll keep my jaguar and it's 570 miles of range and leave well enough alone....
There are multiple options. Yangwang U8, Huawei M9, Lixiang L9. etc etc
You are in a very tiny minority and niche market. Most people live in urban large cities and they don't travel more than 50 kms per day.
@@canalesjuan356 By next year, EVs with the range of 2000+ KM per refuel, will come to the market
Not even gasoline cars have that kind of range !
@@verypleasantguy And that is when i will buy one. But right now, when it comes to range, the American EVs are inferior. Sorry to say but long range is reserved for gas cars only.... hopefully for now.
@@verypleasantguy Great!! Now that's what im talkin about!! This is what im waiting for. Till that day, im going to leave well enough alone...
Tariffs are like damming a river with sand
the fall of chinese Ming and Qing dynasties, and the Japanese medieval era, the american Great Depression and the starting of outsourcing jobs in America are all because of protectionism and tariff
chinese govt knows how bad protectionism is, so as to keep market open as much as possible
something the west never know, in the past 2000 years, the nations and races around China always launched trade wars against China
and these nations basically disappeared in history shortly after they launched trade war against China
China only lost trade war once in last 2000 years....
and the last thing is China is seeking win-win cooperation with other countries
Chinese EVs or companies cooperate with many foreign companies
so many foreign companies are benefiting
when US banned chinese products, they are blocking these non chinese, non american companies too
this gives the world a very bad signal/ impression of US in so many levels
don’t think the Bolt was discontinued. News just says it stopped production to retool for the next Bolt
As for “free markets”? Do players in free markets request and/or receive massive government bailouts, such as what occurred in 2008?
if this is thr path forward, in the future, the rest of the world will enjoy cheap solar electricity and affordable luxury EVs. The GDP of the US will remain high in terms of US dollars, but living standard might be comparable to third world country.
Riiight...it costs $30,000+ to manufacture a smaller EV at a non-union US factory. A book-cooking if ever I saw one...
Wages are the biggest % In this. Plus Chinese companies are not private companies on the stock exchange, meaning that they don't add to add a margin for shareholders.
Yes, the USA loves to ban a lot of things from coming into the USA in order to be competitive BUT if that were the case for Chynese EVs, why didn't they just put stupidly high tariffs on them like they do with anything they can't compete with? Could it be safety this time? Ever wonder why the countries that allow Chynese EVs into their market are the ones that don't actually have an EV market OR HAVE LITTLE TO NO SAFETY RULES?
Electric cars failed 3 times in the past, they will fail
another one.
The tariffs should be 2-3 years maximum to give the USA automakers a deadline to get serious.
They would wait until the deadline is over and then wake up in shock that they "suddently" need to compete.
Nope. The usa automakers prefer to ask for more handouts year after year !!!!!!!
The US does not have the resources and the tech to compete on a level playing field with EV’s.
Tesla is an American company competing directly with Chinese companies in China.
Tesla even open sourced their patents years ago to kickstart the American auto industry. Still way behind ...
This is how it's done on youtube. Fast, no gaps and no filler. Its a different idiom. Excellent.
Problem is corporate greed. Consumers need cheaper standard, this means cheaper cars. Tesla Model 3 should cost more than 30K€ for base model.
It isn't it that the "US" doesn't want them. The US people very much want to not have to pay 40 grand for a car. It's only certain powerful people who don't want them.
is not US supposed to be a "democracy", where the people are the main source of power?
How do you gloss over “cheaper labor” and “government subsidies”? How do you gloss over how these batteries are unethically made and attained by China? Safety concerns? This isn’t an Apples to Apples comparison.
what is wrong with cheaper labor? this is ludicrous; what is wrong with government subsidies? virtually every government is doing it ; "how these batteries are unethically made and attained by China" how is mostly automatized production ethical or unethical? do you have a clue about how ev-batteries are made? there is hardly any manpower involved
@@rncmv lol, bless your heart. You’ve never seen a cobalt mine…
You missed something. Mid 70’s, president Ford put tariffs on foreign cars. But, hoping to get easy money, the big three simply raised their prices which backfired on those companies. President Ford went back on TV and called them out on it.
As indian . I observed US workers are too slow and businesses are always short staffed . They dont have inoff population to fill them all and they dont even let foreign people to take those jobs .it is like we dont do and even wont let you to do it.
Why has the US government banned Chinese EVs and batteries？ Because the US is losing the game, the only thing a loser can do is flip the table.
Dumb
@@miennam2296 Cope harder
Teslas are anything but cool. Almost the same look. BOORRRIIIG.
There is a massive difference between Chinese EVs entering the US market and Japanese cars entering the US car market back in the 80s.
China devalues their currency to increase exports, which steals purchasing power from the citizens of China, and China engages in forced labor.
Japan never had such issues. Japanese cars were simply better engineered. Competing with Japanese cars required US automakers to adopt the practices of their foreign competitors and to innovate at a higher level.
To compete with China would require the US to adopt economic and labor practices that are similar to China. The average US citizen will not accept the dramatically lower purchasing power and forced labor practices that would be required to be competitive with Chinese cars.
Nah.
USA subsidies its industries all the time, how often have us airlens or car manufacturers gone bust, almost weekly.
China is a capitalist state the USA is a soclaist state.
China operates a free market the USA does not.
Chinese cars are just better made, in far better factories due to investment. The Chinese c suite is not only interested in stock option prices unlike the USA.
USA greed culture is destroying us manufacturing and nothing else.
Take responsibility for your culture of greed and not investing. Look at Boeing as perhaps the best example of the us greed culture.
So are you implying that the Chinese are forcing the Americans to print more money and harvest wealth using dollars from all over the world? How ironic😅
Chinese workers have much more purchasing power for their money than US workers for $, know your Facts !
Listen this and try to understand, under is Link, copy-paste and learn :
“The U.S. Economy Is A HOUSE OF CARDS!” - Says El Salvador’s President
Just admitting Chinese have better tech and vertical integration, lol
There is a big question right now as to whether EVs are even viable as eco friendly vehicles. Right now their production carbon footprint is way to high and takes about 3 to 5 years to offset with all the stuff that goes into making batteries and electric motors not to mention that we much first make our electrical grid resilient for the increased draw from EVs. China achieves a lot of this with coal plants high isn’t ideal. We are finally reaching that tipping point in the us where more than half of our produced energy is from renewable sources.
Wow! Costa Rica has cheap prices, here in Bolivia the cheapest new car is a Suzuki Alto $14000 it's a small city car and not even electric
nissan changed their name to datsun, just in case it didnt do well in usa... they didnt want to tarnish the nissan brand.
Interesting point made around 7:30 mark. Protectionist policies help an industry's workers but hurt all consumers. The loss to consumers is spread very thinly, and likely won't affect voting. But the prospect of job loss will affect voting. Hence politicians looking for votes will be biased towards protectionist policies.
I've no first hand experience with BYD, but I do worry about the quality of the product. Hearing stories of their bad warranties, cheap metal, car fires, and earning the nickname "Burn your dreams" in China, makes me really wonder if they would hold up or even be able to meet the U.S. requirements to be sold here.
They are now competitive in Europe. That means they perform as well as other cars in European safety testing. That doesn’t mean they will meet US standards, but that’s a business decision for them and not any technical shortcoming.
Don't worry, as far as i was informed these BYD cars are way superior in quality than American ones if not all of them.
We are seeing the same thing now in Europe where VW is the first company to face the consequences of having delayed less luxurious and cheaper alternatives. Does anyone here perhaps remember Merkel’s dissatisfaction with this? Greed has come back to bite them, and instead of letting them face the consequences, the EU will protect the companies with tariffs. At the expense of us consumers.
Protectionism is not a bad thing! do you really want to compete with people who are willing to work for $8000 a year
The problem is, its a flood of cheap and poor quality product. Its affects every country these flood in. Other countries are considering similar acts because its starting to affect their economies.
Not to mention they're dangerous. Like actually
Keep in mind that Chinese automakers pay their workers $10,000 a year. That's $5 an hour. BYD wants to cut that to $5,000 a year. Not even robots work that cheap.
In fact, Chinese auto workers earn between $20,000-$24,000 a year, and the source of the information is the Chinese network!
The new factories are almost 100% robotic, and where did you get that $5000 fake number from again?