Click here to get a free charger and installation when pre-ordering the G6 xpeng.com.au/?qr=726XPO The best solar company in Australia just installed my new solar system. Check them out here: www.resinc.com.au/electricviking
Might just ping Res Inc. From what I can see that was a tight install on your roof, and you get way more power out of panels than those damn tesla roof tiles that take 9 months to deliver. I'm only worried right now about what trees I have to fell because one of them would clip available sun after 4 on my roof, and it's a 200 year old oak. Keep up the good work Viking.
@@EVPHASE Is it just for cars or everything? US and European auto makers have made hundreds of billions in profit in China during the last 4 decades. So has our agricultural products, high end tech (chips), etc. So all the call for free markets and free trade was fine just as long as we had monopoly on everything? And as soon as competition showed up, we go protectionism?
Here in the UK, I have had the MG4 EV long range for almost 2yrs (44,000 miles so far), and apart from the crappy software, I love the car. It's a nice size, comfy drive, plenty of poke, and best of all, the charge port is on the correct size for the Tesla chargers. Won't be changing out until there's a suitable vehicle with 370+ WTP on the second-hand market that I can afford. So anticipating another year or two, and that's fine by me.
Mean average time people own one and the same car is 8 to 10 years - and that's for ICEs. Also: you really believe people will use a BEV with electronics and software that will be older than 10 years and no more updates and service? Overall everything is heading to Robotaxis. I might not be the only one who finds it mental to set oneself back financially so much just to own a car which then just stands around rotting for over 98% of the time.
There are no such thing as rebadge, they are the same company. You dont call accura rebadge of honda, lexus rebadge of toyota. They are the same company
Byd has not announced if it sanctions V2H on any of its vehicles. Yes, bidirectional charging has been demonstrated on auto 3 by third parties, but byd, publicly via linked in did not approve….beware….
This is just not true with regard to the European market, here in the UK the Sealion 7 has just launched with the bottom spec only £1,500 cheaper than a model Y, no one will be swayed to move from Tesla with such a small price differential and being able to use the supercharger network at preferential rates will actually override that saving anyway. For the record I'm no fan of Tesla and would never buy something from Musk but I'm just stating the reality on the ground here in the UK.
Has Sandy Monroe or equivalent done a tear-down of a BYD to check the quality? I have seen some concerns regarding sizing of structural elements and rust proofing.
Sandy has spent time in China and has regularly said that Chinese factories are market leaders. In USA people do not have the freedom to buy BYD so it is unlikely Sandy will do a teardown - unless you buy one for him and ship it to him. The Japanese auto makers have been importing Chinese cars to do tear downs, so maybe legacy in USA will do the same.
Literally a huge amount of university graduates in China can afford a car for transport and lifestyle. Not that many people in Australia buying cars out of college.
I don't think that BYD are going after Tesla so much as going after Neta, their fellow country man. BYD overall sales are #1 but the Neta V has the most outright sales of any one EV model. Here in Thailand Neta introduced a similar discount about 6 months ago for a limited time.....but that limited time hasn't stopped yet :) From my daily commute here in Chiang Mai, Thailand, I'd say the Neta V probably doubles any other model on the road with the MG4 and the ATTO 3 being about even for 2nd place.
I keep hearing the phrase “transition to EVs” all the time. Here in Australia very few people are “transitioning” to EVs. Sales of BEVs are flat, hybrids are gaining interest but ICE vehicles dominate the sales data. BEVs and hybrids have remained at just 8% of the new car market for nearly two years now.
I wonder if the new administration in 2025 will allow BYD to sell in the US finally? I think they should partner with Tesla in the US. You can then pickup your car directly...just like a Tesla. Add a few more service bays...get some training on the BYD system...it's a win win for Tesla and BYD..plus American buyers can have access to very affordable EVs and PHEV.
Are you serious, Trump is dead against EV's and the BYD being made in China, forget it. Trump will kill off all imported goods thinking they maybe made in the US, not going to happen. All he is going to do, is make everything a lot more expensive for the American people, how dumb they are.
@@robertimrie3710 Aussies didn't vote for game show host Trump. I just hope the circus side show that isn't Trump Aussies don;t let his supporters pressure Australia into undermining their own economic interests by starting a trade war with China since Trump wants to further escalate. He's even at war with America's own education system which he claims is "Marxist" and wants to bring prayer to schools in violation of the US Constitution. Educator Trump claim GW is a hoax and oil and coal are the future. You can't make this sh-t up. A scary version of the gong show. IT as President.
No surprise there , cheaper batteries, economies of scale , higher productivity, etc. will give BYD a costs advantage very few others can match. EV competition, legacy automakers will feel even more pressure. Also in China more and more dealers are closing for good ( Mercedes, Audi , BMW ) and customers that have paid deposits for cars have been burned. Making it even harder for consumers to buy ICE cars as the risk of non delivery increases.
It'll devalue the second hand market - yeah, glad I sold my 2020 ZSEV just in time. Wait and see now and buy back in once prices have adjusted and technology has long term safety proof 👌👌
They thought people would be happy to still buy ICE cars. But instead, people who couldn't afford EVs were just pissed off that they couldn't afford EVs.
07:42 - for me driveaway means that I pay for a Robotaxi ride. Overall those who will use Robotaxis will profit financially compared to car owners - and have way less stress.
I bought a MG4 SR for 40K on road cost, and I thought I was having the deal of a lifetime, before they dropped the price to 30K ( the bastards). I lov it but not the Pilot, (which need a lot more work). I feel cheated. But I still love it nevertheless. Amazing the price war, and I am happy with it!
If Trump tariffs all he says, we just won't have them. Importers aren't going to bother trying to make money on shit margins. It's a win for Elon, and a loss for the consumer.
@@fifthcircle1I doubt that there will be any government support of expanded charging infrastructure after January. The directive seems to be "Drill Baby Drill." We're probably going to be on our own in the near future, with no options other than large SUVs and pickup trucks.
Wait. Do not buy. We are on the steepest part of the S curve and most people cannot buy cars like phones. Replace every 3 years and bin the old. 2025 will see plenty of new models and battery improvements. CN battery factories have large over capacities. And Australia will see an influx of Chinese EV after EU and US put tariffs up. Also, wait for the new Tesla model Y. That alone will reset the benchmark in price and features. Interesting times.
@@PyroShields I can't say I fully understand leasing. It's there a large balloon payment at the end? Does it make sense because you can get a new model at the end of lease instead of paying the balloon payment? Thanks.
I am concerned about Western and Japanese companies not being able to compete on EVs And this actually bankrupting them due to Government Policies Then what will the Chinese do without competition?!
Why are the Chinese car makers still making hybrids? I don't understand why plug-in hybrids are of any interest to any one. One of the greatest advantages of BEV's is simplicity; the near total absence of regular maintenance and the reduced frequency and cost of repairs. Hybrids maximize complexity. ICE I can understand, BEV's I understand, but hybrids don't make sense any more. I guess they did more than 30 years ago when the Prius was introduced because they have good fuel economy and there were no BEVs at all. But now that there are good BEVs, why bother with hybrids?
@@trythis2821 my broke ass could afford the dynamic model, but then the premium is just a bit more. "Just a bit more. Do I need it? Maybe I should get that." But then the performance model is $10k more which is way over budget. "Maybe the price will drop closer to that of the premium model. Should I wait it out?" But now the price has dropped throughout the range. The dynamic suits my tight ass really well. "But my mind is set on the premium or the performance model now." Analysis paralysis!!!
Give it a test drive. That's the only way you can tell. If I didn't need a family car, I would have grabbed the Seal Performance but I ended up with the Sealion 6.
Another ytube report says that BYD's debt ratio is at 77% which is just short of that big chinese property company which went bust last year, any truth in that report
BYD Debt to Equity Ratio: 0.2581 for Sept. 30, 2024. And it is now far better than it was 2012 when it was 1.7 (even this is healthy number). Can you share this you tuber with such claims.
Musk didn't do himself a favor in Europe with what he is doing now. First of all the fascists in Europe don't buy BEVs. Second the decent people will choose different BEVs.
Video subject aside, warning re incorrect passenger use of seatbelt. Big fine if the authorities notice, and the responsibility lies with the driver. In Qld it's a $1200 fine (or $6000 for a company car). In an accident it can cause serious injuries and death that would not have happened if the seatbelt was worn correctly. Not setting a good example either, sorry guys. Hope it flies under the radar. (Maybe you can get AI onto it! 🙃)
Chinese EV maker BYD’s revenue beats Tesla for first time Story by Reuters Published 11:17 PM EDT, Wed October 30, 2024 Chinese electric vehicle maker BYD posted an 11.5% rise in third-quarter net profit on Wednesday as it maintained strong sales momentum helped by government trade-in incentives. Net profit rose to 11.6 billion yuan ($1.63 billion) in the July-September quarter, the company said in a stock exchange filing. For the first nine months, net profit was up 18.1% to 25.2 billion yuan. With third-quarter revenue up 24% on year to 201.1 billion yuan ($28.24 billion), BYD’s quarterly revenue for the first time outpaced Tesla, whose revenue for the July-September quarter reached $25.2 billion.
BYD doesn't have to tesla big recession coming no one is going to buy cars no matter how good they are. Sell your tesla stock now and buy bonds or gold
I don't know what the relevance of this video is to the UK market , but I am concerned that your rear seat passenger who is wearing the baseball cap has put his seat belt UNDER his left arm . If you have a head on collision he will be propelled forward in to the back of the front seat . Buckling up a seat belt is what we've all been doing for decades , but wearing it incorrectly could cause a serious or even fatal injury . Come on guys , you are being viewed by thousands of people , please set a better example. Thank you .
From what I hear, BYD are $78 billion in debt and at current profit margins they can’t even cover the interest on their debt. Apparently they have bloated sales numbers to get government rebates and that’s keeping them afloat. Could be a sinking ship.
@@robertsheperd502 I am not a hater, I hope they succeed and drive innovation up and prices down. Legacy auto have been too slow to react and are themselves in trouble. I am just pointing out what is being reported.
These clowns get all excited about bling and batteries. There are plenty of other channels looking at the actual build quality of these things and it's all bad news. Good luck with your BYD after 5 years if it lasts that long. BYD as a company make zero profit on its vehicles and that's after substantial government subsidies. There is growing concern that likens BYD's financial position to that of Evergrande. BYD's debt to equity (78%) already exceeds that of Evergrande. Given that equity valuations are overstated it's more than likely BYD is not viable without government support. Heavy discounting is usually a sign of unsold production and that's more than likely due to a significant slowdown in the market globally. While EVs are heavily subsidised in some markets like China and Norway that's not the case in 90% of the world. ICE and hybrids are adjusting to the EV wave. This will likely see EV production slow as it adjusts to a saturated market. European and US tariffs will blunt EV adoption for some time to come so I don't see BYD producing cars at the current rate or selling them at current prices for much longer. Something has to give. In hindsight, the Chinese have a habit of overcooking everything they do commercially. BYD is no exception.
I just don't understand the Chinese EV financials. The CCP is bordering on bankruptcy. Without CCP financial support all the Chinese EV companies will collapse. I wish some smart person would explain it to me. Maybe you can help me understand.
I am not really a smart person and I am not an expert on the Chinese economy, but I will give it a crack anyway. Most of the anti-China channels on YT belong to Falung Gong, a cult banned in China. FG is like the Chinese equivalent of Scientology, and like them now operates world-wide, including in Australia. Some of these channels are fronted by non-Chinese. China Uncensored for example: Chris Chappell has been with Falun Gong since the age of 19. Falun Gong operates like CNN pushing the "China-man bad" narrative. Like CNN they are more than happy to add a hefty dose of BS to a grain of truth. China is not bordering on bankruptcy, it is an economy going through transition, from low-tech manufacturing to high value technology, and from export driven developing economy to more consumer demand driven developed economy. The economic situation in China currently is difficult due to the depressed world-wide situation, which means orders from overseas customers are down. Further exacerbating the situation is a depressed property market. What people in Australia and elsewhere don't grasp, is that the Chinese government attacked the property market in China....they wanted property prices to collapse. The reasons for this are that the cost of housing in the larger cities was getting just too expensive for ordinary citizens, and also they wanted to get investment money out of property and into the "new industries"(EV's, solar, AI, etc.). Further, the whole narrative of the so-called "ghost cities" is overhyped. The problem they had was how to collapse the property market safely, without things spinning out of control. The point is that there are indeed significant problems in the Chinese economy, but things are not as bad as you are led to believe. There are structural factors(e.g. a lot of SOE's, banking rules, equity in property, etc.) in the Chinese economy which means a recession in China does not hit as bad as under the Western economic model. Secondly, if you look at the "debt to equity ratio" of say BYD, it compares quite favourably to other car companies. There are a lot of car companies in China, and some of them have collapsed already, and more will, but that's a good thing, it is getting rid of the "dead wood", it's called "consolidation of the industry", which will benfit the leading players like BYD and Geely etc. Futher, the urbanisation rate in China is nowhere near that of Western countries, so there is still another 300-400 million people to urbanise and bring into the middle class.
Race to the bottom? So what,,,consumers benefit hugely. At the end of the day the strong will survive. It's not the first time intense competition in consumer markets has resulted in good value and production innovations. The dust will settle and there will be winners and losers. Nothing new.
@@sunrisejak2709 Consumers don't benefit from them dropping there prices every 2 or 3 months as you car will be worth nothing in 5 years , BYD don't care about there consumers because if they did they would have set a low price from the start not drop there price because nobody want them
@@trythis2821 your opinion means nothing 👇 Chinese car manufacturers dominate Euro NCAP crash tests, signaling new era in automotive safety December 21, 2023 In 2023, the Euro NCAP put 17 new models through its stringent tests, with 9 out of these models originating from China. The large number of Chinese models included in these tests demonstrates the significant growth of Chinese automakers in Europe, making this year unparalleled in the history. It is likely that this trend will continue in the coming years. Another sign of changing times: the majority of the models tested were not gas-powered. Interestingly, one of the tested models was from Vietnam - the Vinfast VF8. So, how did the Chinese cars perform? They all earned a high score of five stars. The honor for European manufacturers was upheld by the Volkswagen ID.7, which achieved the highest percentage score - meeting 88.2 percent of Euro NCAP's safety requirements. However, the Nio ET5 achieved an equally outstanding overall rating. EssaNews 👇 Chinese cars dominate latest safety ratings 03.04.2024 Six out of the 10 cars assessed as the safest on Europe’s roads are from Chinese manufacturers Sophus3 👇 BYD electric cars are regarded as one of the safest vehicles on the global market in 2023. This is because the Dolphin and Seal were recently released and therefore tested against the latest, strictest testing criteria by ANCAP and Euro NCAP.Mar 7, 2024 Compare the market 👇 Study shows BYD Seal and Dolphin are two of the world’s safest cars Reading Time: 3 minutes Mark Andrews March 13, 2024 The BYD Seal and Dolphin demonstrated high safety scores against the strictest 2023 testing criteria from Australasian and European safety authorities, in addition to universally standard safety assistance systems globally,” said Adrian Taylor, Compare the Market’s Executive General Manager of General Insurance. In the study by the car insurance experts 32 models available in most of six markets were examined across six data points. Countries looked at were Australia, New Zealand, Germany, the United Kingdom, United States and Canada and these markets are covered by three different safety authorities. To gain an overall safety rating the ratings of the three individual agencies were analyzed under Global New Car Assessment Programme (Global NCAP). In addition the study looked at whether key safety assistance systems were universally available on each model. CarNewsChina
@@trythis2821 How Innovative Is China in the Electric Vehicle and Battery Industries? How Innovative Is China in the Electric Vehicle and Battery Industries? By Stephen Ezel In short, the quality and innovativeness of EVs from leading Chinese manufacturers such as BYD, Li Auto, Xiaomi, and others increasingly rival or exceed offerings from Tesla or BMW. Jul 29, 2024 ITIF
@@trythis2821 Chinese Car Innovation Rate Is Kind Of Bonkers - Where’s Tesla On This? June 28, 2024 * But on to the other big highlight. Chinese EV producers have been rolling out new electric cars at a fast pace, very fast. It seems like a new electric car rolls out in China every week, if not every day! Top EV producers like BYD, NIO, and Xpeng keep introducing hot new models even while the previously launched model seems like a hot new model. Do the stats back this up? Yes, they do. As Steve writes, “Among the findings in the 2024 AlixPartners report is that Chinese EV manufacturers have ripped up the playbook related to vehicle development time, creating new products in half the time - 20 months vs. 40 months - mainly by designing and testing to sufficiently meet standards vs. over-engineering. Chinese models are 2 to 3 years fresher than non-China brands, averaging only 1.6 years in the market.” * So, overall, it just seems like even Tesla has fallen behind the curve on automotive innovation. It takes years for an update or new model, whereas it takes Chinese automakers about a year and a half. Tesla is no longer the groundbreaking, market-shattering Silicon Valley disruptor it once was. Heck, it’s not even based in Silicon Valley any more. CkeanTechnica
Tesla in China is low tech actually. Vehicles now come standard with better batteries, faster charging, HUDs, fancier lights and gizmos, very complete voice control systems, stronger internet connectivity and mode seat functions. Tesla ain’t bad but it’s pretty middle of the pack and moving towards the bottom as the cars keep getting better. This is also what musk believes, btw.
You are living in the past ....... Tesla does not offer anything more than the Chinese cars (maybe still a little ahead with self driving) but in all other aspects there are far superior cars produced by Chinese automakers especially in the luxury segment.
@@bobbyrou I’m driving a Zeekr 009 upgrading from a Tesla model X. (Although it’s way cheaper here). I’m a Zeekr fan so I recommend you also look into their lineup. The Zeekr Mix is such a future car. Then there is the luxury race car, 001FR, faster than Tesla’s plaid. The SUV they sell for 30k USD also makes the model Y feel super dated. Chair speakers, leg rest and reclining back seat, TV with touchscreen, voice controls to control 90% of vehicle functions, a HUD, amazing air suspension, and 800v charging. 0-100 in 3.8 seconds is fast. You should also look into the Li Auto Mega which is just hilarious. Even as a Chinese person, we are stunned because it just all happened suddenly these last 20 months or so. 3 years ago, not only Tesla, but other car brands were stay better. Now they are making giant sudden leaps. Last years Zeekr 009 is already missing a crap ton of features that are now just standard in all cars, like 800v charging, HUDs and 4D chairs for movies. Even the 20k USD cars now have a HUD because it’s become a pedestrian feature.
Insane logic only found w Chinese car brands. BYD only makes about $1000 per vehicle already; cutting prices would mean losing $3000 per vehicle. IF BYD made 4 million vehicles & each lost an average of $3000; it totals - $12 Billion for a company already w a 77% debt to profit level - meaning they'd reach nearly 100% debt; driving the company into bankruptsy; unless the Chinese government adds more billions in subsidies. Given BYD accounced move; if carried out it will simply destroy BYD financially and drag even more Chinese makers down with it. China is on the way to completely failing as automakers; as they make no money.
Click here to get a free charger and installation when pre-ordering the G6
xpeng.com.au/?qr=726XPO
The best solar company in Australia just installed my new solar system.
Check them out here:
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Might just ping Res Inc. From what I can see that was a tight install on your roof, and you get way more power out of panels than those damn tesla roof tiles that take 9 months to deliver. I'm only worried right now about what trees I have to fell because one of them would clip available sun after 4 on my roof, and it's a 200 year old oak. Keep up the good work Viking.
Makes sense that prices are coming down. Given that battery costs have plummeted.
Big legacy apparently didn't get the notice.
but also China depreciates the investments done in all the automation plants faster than traditional brands?
Plummeting due to lower demand than expected.
Great news. More affordable cars for consumers around the world. Except America 😂
and America's little bro - Canada
We already have the best Car company. Plus why not preserve your own Car Companies, workers, jobs. Every country should do this.
@@chrisz2120
and America's European vassal states.
@@EVPHASE
Is it just for cars or everything?
US and European auto makers have made hundreds of billions in profit in China during the last 4 decades. So has our agricultural products, high end tech (chips), etc.
So all the call for free markets and free trade was fine just as long as we had monopoly on everything? And as soon as competition showed up, we go protectionism?
@@faster6329 Nope, China could have done the same and they would have if they could have.
BYD is coming for all the legacy car companies.
No just for Tesla!Game over for Tesla!
They're going to have even lower profits, and this doesn't bode well for BYD in the long term unless they find a way to lower costs like Tesla.😮
No way. It's all about Image@@BrunoHeggli-zp3nl
@@paullo8268 BYD has the advantage of scale!Tesla is already stagnating or even sell less Cars then Last year
No they’re competing with the new guys about to take market share from them.
It was great to get Sam and Riz's take on this, and I'm really stoked to have been part of this vid. Thanks for all the new subs!
I have a base model MG4 here in Thailand (and made in Thailand). Love it! So much fun to drive and I like the looks and "austere" interior.
Here in the UK, I have had the MG4 EV long range for almost 2yrs (44,000 miles so far), and apart from the crappy software, I love the car. It's a nice size, comfy drive, plenty of poke, and best of all, the charge port is on the correct size for the Tesla chargers. Won't be changing out until there's a suitable vehicle with 370+ WTP on the second-hand market that I can afford. So anticipating another year or two, and that's fine by me.
Disposing old generation batteries. Byd is super smart. New batteries lasts 30 years . Cost 40 pct cheaper.
Mean average time people own one and the same car is 8 to 10 years - and that's for ICEs.
Also: you really believe people will use a BEV with electronics and software that will be older than 10 years and no more updates and service?
Overall everything is heading to Robotaxis. I might not be the only one who finds it mental to set oneself back financially so much just to own a car which then just stands around rotting for over 98% of the time.
Clearing old stock for '25 models ?.
We are limited in choices here in the US...... But I made the flip today! Im picking up My Equinox EV on Monday!
Saw about 10 XPeng G6 vehicles cruising the backroads of Whittlesea on Wednesday. Good looking vehicle
What?? It's so ugly 😂
Whittlesea? Is that a real place?
Apparently it is
4 million in 2024 baby 🎉
Boys, good to see all together, good EV bonding!
The next Mad Max movie will be EV powered!
lmao
Auto industry in China is hard to beat. Even Malaysia will get a rebadge national car proton E-mas from China !
There are no such thing as rebadge, they are the same company. You dont call accura rebadge of honda, lexus rebadge of toyota. They are the same company
Hardly going after Tesla. Trying to catch up more like. No reason Tesla and BYD can't carve up the expanding market between them.
Phillip.
Byd has not announced if it sanctions V2H on any of its vehicles. Yes, bidirectional charging has been demonstrated on auto 3 by third parties, but byd, publicly via linked in did not approve….beware….
This is just not true with regard to the European market, here in the UK the Sealion 7 has just launched with the bottom spec only £1,500 cheaper than a model Y, no one will be swayed to move from Tesla with such a small price differential and being able to use the supercharger network at preferential rates will actually override that saving anyway. For the record I'm no fan of Tesla and would never buy something from Musk but I'm just stating the reality on the ground here in the UK.
BYD have absolutely massive debt levels. Will they survive if there’s a downturn?
What is the amount and how does it compare to Toyota, etc
If you know 🤔
I'm hoping for the prices to go lower because compared to China they still have room to move.
Has Sandy Monroe or equivalent done a tear-down of a BYD to check the quality? I have seen some concerns regarding sizing of structural elements and rust proofing.
Sandy has spent time in China and has regularly said that Chinese factories are market leaders. In USA people do not have the freedom to buy BYD so it is unlikely Sandy will do a teardown - unless you buy one for him and ship it to him. The Japanese auto makers have been importing Chinese cars to do tear downs, so maybe legacy in USA will do the same.
@@gpsfinancial6988 ….and what do the Japanese say about the teardown results?
Literally a huge amount of university graduates in China can afford a car for transport and lifestyle. Not that many people in Australia buying cars out of college.
EVs are cheap in China
I don't think that BYD are going after Tesla so much as going after Neta, their fellow country man. BYD overall sales are #1 but the Neta V has the most outright sales of any one EV model. Here in Thailand Neta introduced a similar discount about 6 months ago for a limited time.....but that limited time hasn't stopped yet :)
From my daily commute here in Chiang Mai, Thailand, I'd say the Neta V probably doubles any other model on the road with the MG4 and the ATTO 3 being about even for 2nd place.
Is Matt wearing a Brand New t-shirt? Hell Yeah.
Thanks -- yep, I'm an ALLTIME fan. :D
What would you pick on buying BYD stock from the US? BYDDF or BYDDY? Is one better and/or safer than the other?
Matt is a Legend!
Thanks!
Did they discount the Shark 6? They haven't even been delivered yet.
I keep hearing the phrase “transition to EVs” all the time. Here in Australia very few people are “transitioning” to EVs. Sales of BEVs are flat, hybrids are gaining interest but ICE vehicles dominate the sales data. BEVs and hybrids have remained at just 8% of the new car market for nearly two years now.
Wow, you guys are totally in the tank for China. Icky.
I wonder if the new administration in 2025 will allow BYD to sell in the US finally? I think they should partner with Tesla in the US. You can then pickup your car directly...just like a Tesla. Add a few more service bays...get some training on the BYD system...it's a win win for Tesla and BYD..plus American buyers can have access to very affordable EVs and PHEV.
Are you serious, Trump is dead against EV's and the BYD being made in China, forget it. Trump will kill off all imported goods thinking they maybe made in the US, not going to happen.
All he is going to do, is make everything a lot more expensive for the American people, how dumb they are.
American government is terrified of China EVs. 100 percent tariffs on Chinese cars because the alleged capitalists can't compete.
Trump is placing huge tariffs 50-100% on all Chinese products
More likely a 200% tariff, that is what he said. How can an Aussie know more than an American.
@@robertimrie3710 Aussies didn't vote for game show host Trump. I just hope the circus side show that isn't Trump Aussies don;t let his supporters pressure Australia into undermining their own economic interests by starting a trade war with China since Trump wants to further escalate. He's even at war with America's own education system which he claims is "Marxist" and wants to bring prayer to schools in violation of the US Constitution. Educator Trump claim GW is a hoax and oil and coal are the future.
You can't make this sh-t up. A scary version of the gong show. IT as President.
No surprise there , cheaper batteries, economies of scale , higher productivity, etc. will give BYD a costs advantage very few others can match. EV competition, legacy automakers will feel even more pressure. Also in China more and more dealers are closing for good ( Mercedes, Audi , BMW ) and customers that have paid deposits for cars have been burned. Making it even harder for consumers to buy ICE cars as the risk of non delivery increases.
It'll devalue the second hand market - yeah, glad I sold my 2020 ZSEV just in time. Wait and see now and buy back in once prices have adjusted and technology has long term safety proof 👌👌
So this is exactly what Tesla is doing end of year incentive. I mean that’s pretty standard.
The question is why did legacy car makers with their amazing cars make it so unaffordable to own a car? What were they thinking?
They thought people would be happy to still buy ICE cars. But instead, people who couldn't afford EVs were just pissed off that they couldn't afford EVs.
Oligarch greed.
07:42 - for me driveaway means that I pay for a Robotaxi ride. Overall those who will use Robotaxis will profit financially compared to car owners - and have way less stress.
Both BYD and Tesla never reduce their price in Malaysia even though Ringgit raised so much this year
Still wait for next version of Seal, but maybe wait 12 months when it's on sale for next black Friday!
Will these price discounts apply outside china?
Love your click bait title. A $4000 discount is nice but is it really that enticing? Only just enough to buy a full spec 16 inch 2024 Macbook M4 Max.
I bought a MG4 SR for 40K on road cost, and I thought I was having the deal of a lifetime, before they dropped the price to 30K ( the bastards). I lov it but not the Pilot, (which need a lot more work). I feel cheated. But I still love it nevertheless. Amazing the price war, and I am happy with it!
On the other hand Murrikka Will be paying high tariffs on reasonably priced cars.
If Trump tariffs all he says, we just won't have them. Importers aren't going to bother trying to make money on shit margins. It's a win for Elon, and a loss for the consumer.
@@fifthcircle1I doubt that there will be any government support of expanded charging infrastructure after January. The directive seems to be "Drill Baby Drill." We're probably going to be on our own in the near future, with no options other than large SUVs and pickup trucks.
with the new tariff coming the discount will offset it
Wait. Do not buy. We are on the steepest part of the S curve and most people cannot buy cars like phones. Replace every 3 years and bin the old.
2025 will see plenty of new models and battery improvements. CN battery factories have large over capacities.
And Australia will see an influx of Chinese EV after EU and US put tariffs up.
Also, wait for the new Tesla model Y. That alone will reset the benchmark in price and features.
Interesting times.
Good point with the Juniper Model Y, the refreshed Model 3 has excellent value for money.
Leasing is a good option.
@@PyroShields I can't say I fully understand leasing. It's there a large balloon payment at the end? Does it make sense because you can get a new model at the end of lease instead of paying the balloon payment? Thanks.
@@surfer123au I know a few who are leasing. Since the battery technology is rapidly evolving that would be a good option.
When they were still in production, the automobile was always cheaper than the autonomobile. ;)
Gasoline prices are plumetting in the US.
Irrelevant with the future being electric.
So?
No. Remember US still hasn't crracked 10% @GWAForUTBE
I am concerned about Western and Japanese companies not being able to compete on EVs
And this actually bankrupting them due to Government Policies
Then what will the Chinese do without competition?!
3000$ less for only 2 days? 🤔
If you like that you will love this: 6000€ price cut for Tesla Model Y till the end of the year! 😀👌
That's proved Tesla profit margins are very high.😅
Time to buy some shares 😂
Tesla take notice. Be competitive
Tesla is finally standing on the same ground as BYD, as far as who the backup supporters are (wink wink 😉 😜 👍 😎 👌
Sam, you need five for a full police lineup.
Why they price more in india, please talk about it
Tax
Pretty sure if it’s not ‘Made in India’ foreign cars attract a huge import duty into India.
Ask your govt (Taxes)
Because India is a superpower, Indians are richer!
So it doesn’t destroy the flying carpet industry
sam and crew watch out tesla will do a reduce price to follow soon based on this move. and competition is good
Tesla is fucked,Its over!
@@BrunoHeggli-zp3nl Wouldn't go that far.
Wow crazy
Bloodbath for.4000 discount ? How do you live with yourself ?
Why are the Chinese car makers still making hybrids? I don't understand why plug-in hybrids are of any interest to any one. One of the greatest advantages of BEV's is simplicity; the near total absence of regular maintenance and the reduced frequency and cost of repairs. Hybrids maximize complexity. ICE I can understand, BEV's I understand, but hybrids don't make sense any more. I guess they did more than 30 years ago when the Prius was introduced because they have good fuel economy and there were no BEVs at all. But now that there are good BEVs, why bother with hybrids?
Most countries don't have the charging network to support EVs everywhere.
I’m waiting for V2G
Shouldn’t you mention who paid for this trip?
Anyone know where to find those damaged ev for v2g
Wake me up when they take $10K off the 2025 model.
I've been on the fence for a seal since its release. 3 day sale? Thats not enough time for my hesitant ass
You sound like me the ultimate tyre kicker. Wants the price down that bit more but never commits to buy anything, lol
@@trythis2821 my broke ass could afford the dynamic model, but then the premium is just a bit more. "Just a bit more. Do I need it? Maybe I should get that."
But then the performance model is $10k more which is way over budget. "Maybe the price will drop closer to that of the premium model. Should I wait it out?"
But now the price has dropped throughout the range. The dynamic suits my tight ass really well. "But my mind is set on the premium or the performance model now."
Analysis paralysis!!!
Give it a test drive.
That's the only way you can tell.
If I didn't need a family car, I would have grabbed the Seal Performance but I ended up with the Sealion 6.
Its goes to show that ev direct has margin to discount their cars.
Correct and BYD can go down a lot more, MG still represents better value.
You really need to upgrade your filming equipments.
Didn’t Mercedes acquire MG in the 50’s? Imagine if MG kept their stuff. Would be a huge brand globally. Now it’s making a comeback with EVs
The truth is if Mercedes kept MG would have gone nowhere.
Speaking as an American I will never ever buy any product associated with Elon Musk
Buy Chinese instead and don't support American companies.
Telll me you didn't vote for trump.
Which are going to be V2X though…?? Hmmmm
Sam, are you pissed full of elephants here? You look out to it!😂🤣
Another ytube report says that BYD's debt ratio is at 77% which is just short of that big chinese property company which went bust last year, any truth in that report
BYD Debt to Equity Ratio: 0.2581 for Sept. 30, 2024. And it is now far better than it was 2012 when it was 1.7 (even this is healthy number). Can you share this you tuber with such claims.
Musk didn't do himself a favor in Europe with what he is doing now. First of all the fascists in Europe don't buy BEVs. Second the decent people will choose different BEVs.
It's a race to the bottom ...and the losers are everyone who owns an EV already , or buys one in the future.
Video subject aside, warning re incorrect passenger use of seatbelt.
Big fine if the authorities notice, and the responsibility lies with the driver.
In Qld it's a $1200 fine (or $6000 for a company car).
In an accident it can cause serious injuries and death that would not have happened if the seatbelt was worn correctly.
Not setting a good example either, sorry guys. Hope it flies under the radar. (Maybe you can get AI onto it! 🙃)
Thanks Karen
They are not in QLD the nanny state home of the banana benders.
it's 3k not 4k
toyota hybrid camry is $44,593 drive away
Poor Toyota. 😂
If it comes with an official FIVA vintage car certificate, it's worth it.
How much does China pay you for this?
I only have eyes for a TESLA ❤
Chinese EV maker BYD’s revenue beats Tesla for first time
Story by Reuters
Published 11:17 PM EDT, Wed October 30, 2024
Chinese electric vehicle maker BYD posted an 11.5% rise in third-quarter net profit on Wednesday as it maintained strong sales momentum helped by government trade-in incentives.
Net profit rose to 11.6 billion yuan ($1.63 billion) in the July-September quarter, the company said in a stock exchange filing. For the first nine months, net profit was up 18.1% to 25.2 billion yuan.
With third-quarter revenue up 24% on year to 201.1 billion yuan ($28.24 billion), BYD’s quarterly revenue for the first time outpaced Tesla, whose revenue for the July-September quarter reached $25.2 billion.
There are plenty of Toyota only diehards. Some Cadillac only ones 30 years earlier. And Buick lovers 30 years earlier than that 😂😂😂
Me too waiting for the new Juniper Model Y
State sponsored…. It’s going to be interesting to see which car manufacturers will be left standing… Wonder how long the CCP can keep this up
So demand is down?
for 2 days…
BYD doesn't have to tesla big recession coming no one is going to buy cars no matter how good they are. Sell your tesla stock now and buy bonds or gold
Oh No Nooooo Game over for Tesla!
YT"s resident Tesla hater, hard at work! LMFAO SMH
Talking about your brains?
Yes, I agree, Tesla only have 33.600.000.000$ in the Bank..... 😂
Gordon Johnson - is that you?? 😂😂
I don't know what the relevance of this video is to the UK market , but I am concerned that your rear seat passenger who is wearing the baseball cap has put his seat belt UNDER his left arm . If you have a head on collision he will be propelled forward in to the back of the front seat . Buckling up a seat belt is what we've all been doing for decades , but wearing it incorrectly could cause a serious or even fatal injury . Come on guys , you are being viewed by thousands of people , please set a better example. Thank you .
Thanks Karen
From what I hear, BYD are $78 billion in debt and at current profit margins they can’t even cover the interest on their debt. Apparently they have bloated sales numbers to get government rebates and that’s keeping them afloat. Could be a sinking ship.
😂😂😂😂
Obviously they are covering their debt as they are making a profit. Plus their free cash flow is better than Tesla.
@@robertsheperd502 Not if you remove government subsidies.
@@robertsheperd502 I am not a hater, I hope they succeed and drive innovation up and prices down. Legacy auto have been too slow to react and are themselves in trouble. I am just pointing out what is being reported.
These clowns get all excited about bling and batteries. There are plenty of other channels looking at the actual build quality of these things and it's all bad news. Good luck with your BYD after 5 years if it lasts that long. BYD as a company make zero profit on its vehicles and that's after substantial government subsidies. There is growing concern that likens BYD's financial position to that of Evergrande. BYD's debt to equity (78%) already exceeds that of Evergrande. Given that equity valuations are overstated it's more than likely BYD is not viable without government support. Heavy discounting is usually a sign of unsold production and that's more than likely due to a significant slowdown in the market globally. While EVs are heavily subsidised in some markets like China and Norway that's not the case in 90% of the world. ICE and hybrids are adjusting to the EV wave. This will likely see EV production slow as it adjusts to a saturated market. European and US tariffs will blunt EV adoption for some time to come so I don't see BYD producing cars at the current rate or selling them at current prices for much longer. Something has to give. In hindsight, the Chinese have a habit of overcooking everything they do commercially. BYD is no exception.
I just don't understand the Chinese EV financials. The CCP is bordering on bankruptcy. Without CCP financial support all the Chinese EV companies will collapse. I wish some smart person would explain it to me. Maybe you can help me understand.
I am not really a smart person and I am not an expert on the Chinese economy, but I will give it a crack anyway. Most of the anti-China channels on YT belong to Falung Gong, a cult banned in China. FG is like the Chinese equivalent of Scientology, and like them now operates world-wide, including in Australia. Some of these channels are fronted by non-Chinese. China Uncensored for example: Chris Chappell has been with Falun Gong since the age of 19. Falun Gong operates like CNN pushing the "China-man bad" narrative. Like CNN they are more than happy to add a hefty dose of BS to a grain of truth.
China is not bordering on bankruptcy, it is an economy going through transition, from low-tech manufacturing to high value technology, and from export driven developing economy to more consumer demand driven developed economy. The economic situation in China currently is difficult due to the depressed world-wide situation, which means orders from overseas customers are down.
Further exacerbating the situation is a depressed property market. What people in Australia and elsewhere don't grasp, is that the Chinese government attacked the property market in China....they wanted property prices to collapse. The reasons for this are that the cost of housing in the larger cities was getting just too expensive for ordinary citizens, and also they wanted to get investment money out of property and into the "new industries"(EV's, solar, AI, etc.). Further, the whole narrative of the so-called "ghost cities" is overhyped. The problem they had was how to collapse the property market safely, without things spinning out of control.
The point is that there are indeed significant problems in the Chinese economy, but things are not as bad as you are led to believe. There are structural factors(e.g. a lot of SOE's, banking rules, equity in property, etc.) in the Chinese economy which means a recession in China does not hit as bad as under the Western economic model.
Secondly, if you look at the "debt to equity ratio" of say BYD, it compares quite favourably to other car companies. There are a lot of car companies in China, and some of them have collapsed already, and more will, but that's a good thing, it is getting rid of the "dead wood", it's called "consolidation of the industry", which will benfit the leading players like BYD and Geely etc. Futher, the urbanisation rate in China is nowhere near that of Western countries, so there is still another 300-400 million people to urbanise and bring into the middle class.
Just read the ENTIRE “china will collapse” series of book from Gordon Chang.
A race to the bottom
Race to the bottom? So what,,,consumers benefit hugely. At the end of the day the strong will survive. It's not the first time intense competition in consumer markets has resulted in good value and production innovations. The dust will settle and there will be winners and losers. Nothing new.
The race to the bottom started at a ridiculously high level, the consumer wins.
@@sunrisejak2709 Consumers don't benefit from them dropping there prices every 2 or 3 months as you car will be worth nothing in 5 years , BYD don't care about there consumers because if they did they would have set a low price from the start not drop there price because nobody want them
No not the stronger will survive!
@@BrunoHeggli-zp3nlI guess it depends how you define "stronger".
Chinese Viking more like.
Hands down Tesla, put a longevity test together and will see!
Fisker is doing well
I’m waiting for a MaoMobile that has an automatic Communist Party Social Credit Score checker. 🇨🇳👍
Thank you so much for your commitment to the free world, Sam! We pray for you and our amazing 45th/47th President! You give all of us so much hope!
Buy a used Tesla 🤫
Game over for Tesla!
Hope they lower prices to remain competitive, I much prefer a Tesla than anything else.
@@trythis2821Just Buy a nice sporty orange MG 4!!
@@trythis2821 he is talking about his brains. They are gone soon, not Tesla.
Tesla have 33.600.000.000 $ in the Bank 😂
Still not buying Chinese. I don’t care. I don’t need to save the money. I pay cash for all my cars new.
Too bad their cars are also seen as better quality and more innovative than Teslas
@@Rednickincell Factually incorrect.
@@trythis2821 your opinion means nothing
👇
Chinese car manufacturers dominate Euro NCAP crash tests, signaling new era in automotive safety
December 21, 2023
In 2023, the Euro NCAP put 17 new models through its stringent tests, with 9 out of these models originating from China. The large number of Chinese models included in these tests demonstrates the significant growth of Chinese automakers in Europe, making this year unparalleled in the history. It is likely that this trend will continue in the coming years. Another sign of changing times: the majority of the models tested were not gas-powered. Interestingly, one of the tested models was from Vietnam - the Vinfast VF8.
So, how did the Chinese cars perform? They all earned a high score of five stars. The honor for European manufacturers was upheld by the Volkswagen ID.7, which achieved the highest percentage score - meeting 88.2 percent of Euro NCAP's safety requirements. However, the Nio ET5 achieved an equally outstanding overall rating.
EssaNews
👇
Chinese cars dominate latest safety ratings 03.04.2024
Six out of the 10 cars assessed as the safest on Europe’s roads are from Chinese manufacturers
Sophus3
👇
BYD electric cars are regarded as one of the safest vehicles on the global market in 2023. This is because the Dolphin and Seal were recently released and therefore tested against the latest, strictest testing criteria by ANCAP and Euro NCAP.Mar 7, 2024
Compare the market
👇
Study shows BYD Seal and Dolphin are two of the world’s safest cars
Reading Time: 3 minutes
Mark Andrews
March 13, 2024
The BYD Seal and Dolphin demonstrated high safety scores against the strictest 2023 testing criteria from Australasian and European safety authorities, in addition to universally standard safety assistance systems globally,” said Adrian Taylor, Compare the Market’s Executive General Manager of General Insurance.
In the study by the car insurance experts 32 models available in most of six markets were examined across six data points. Countries looked at were Australia, New Zealand, Germany, the United Kingdom, United States and Canada and these markets are covered by three different safety authorities. To gain an overall safety rating the ratings of the three individual agencies were analyzed under Global New Car Assessment Programme (Global NCAP). In addition the study looked at whether key safety assistance systems were universally available on each model.
CarNewsChina
@@trythis2821
How Innovative Is China in the Electric Vehicle and Battery Industries?
How Innovative Is China in the Electric Vehicle and Battery Industries?
By Stephen Ezel
In short, the quality and innovativeness of EVs from leading Chinese manufacturers such as BYD, Li Auto, Xiaomi, and others increasingly rival or exceed offerings from Tesla or BMW.
Jul 29, 2024
ITIF
@@trythis2821
Chinese Car Innovation Rate Is Kind Of Bonkers - Where’s Tesla On This?
June 28, 2024
* But on to the other big highlight. Chinese EV producers have been rolling out new electric cars at a fast pace, very fast. It seems like a new electric car rolls out in China every week, if not every day! Top EV producers like BYD, NIO, and Xpeng keep introducing hot new models even while the previously launched model seems like a hot new model. Do the stats back this up? Yes, they do. As Steve writes, “Among the findings in the 2024 AlixPartners report is that Chinese EV manufacturers have ripped up the playbook related to vehicle development time, creating new products in half the time - 20 months vs. 40 months - mainly by designing and testing to sufficiently meet standards vs. over-engineering. Chinese models are 2 to 3 years fresher than non-China brands, averaging only 1.6 years in the market.”
* So, overall, it just seems like even Tesla has fallen behind the curve on automotive innovation. It takes years for an update or new model, whereas it takes Chinese automakers about a year and a half. Tesla is no longer the groundbreaking, market-shattering Silicon Valley disruptor it once was. Heck, it’s not even based in Silicon Valley any more.
CkeanTechnica
Just like Tesla. Cost cuts in production, result, cheaper cars.
Will BYD go bust before VW, they don't make much on the cars they sell.
BYD sales are up, VW are down, so I think VW is in trouble, not BYD.
Chinese companies don't think short term, they are there for the long run.
@@eish3291 Most of them will be gone in 5 years.
Love you channel but Tesla is far, far superior to BYD. It's like comparing a Soviet era Yugo to a modern Toyota. Keep up the good work.
Tesla in China is low tech actually. Vehicles now come standard with better batteries, faster charging, HUDs, fancier lights and gizmos, very complete voice control systems, stronger internet connectivity and mode seat functions. Tesla ain’t bad but it’s pretty middle of the pack and moving towards the bottom as the cars keep getting better.
This is also what musk believes, btw.
You are living in the past ....... Tesla does not offer anything more than the Chinese cars (maybe still a little ahead with self driving) but in all other aspects there are far superior cars produced by Chinese automakers especially in the luxury segment.
@@bobbyrou I’m driving a Zeekr 009 upgrading from a Tesla model X. (Although it’s way cheaper here). I’m a Zeekr fan so I recommend you also look into their lineup. The Zeekr Mix is such a future car. Then there is the luxury race car, 001FR, faster than Tesla’s plaid. The SUV they sell for 30k USD also makes the model Y feel super dated. Chair speakers, leg rest and reclining back seat, TV with touchscreen, voice controls to control 90% of vehicle functions, a HUD, amazing air suspension, and 800v charging. 0-100 in 3.8 seconds is fast.
You should also look into the Li Auto Mega which is just hilarious.
Even as a Chinese person, we are stunned because it just all happened suddenly these last 20 months or so. 3 years ago, not only Tesla, but other car brands were stay better. Now they are making giant sudden leaps. Last years Zeekr 009 is already missing a crap ton of features that are now just standard in all cars, like 800v charging, HUDs and 4D chairs for movies. Even the 20k USD cars now have a HUD because it’s become a pedestrian feature.
All these incoming ev brands as well. ALL Fighting for 10% of the pie. Like vultures😂 Get out the popcorn.
Tesla don't care about driver cars. lol
There should be some tariff on Chinese cars.
If you don't have your own auto industry like Australia .Why you should punish your consumers ?
Byd is 73 billion Dollars in debt.
I read somewhere that BYD has built up huge debts in the last few years, do you if this is true? I think the figure was about $90 billion.
Toyota and VW each owe over 200 billion
Yeah just like you have been hearing that China's economy is in a free fall for the past 30 years and yet China is still here and even stronger.
@@imadkhaliq2941Gordon Chang is still claiming in 2024.
It's only 7 billion
Insane logic only found w Chinese car brands. BYD only makes about $1000 per vehicle already; cutting prices would mean losing $3000 per vehicle. IF BYD made 4 million vehicles & each lost an average of $3000; it totals - $12 Billion for a company already w a 77% debt to profit level - meaning they'd reach nearly 100% debt; driving the company into bankruptsy; unless the Chinese government adds more billions in subsidies. Given BYD accounced move; if carried out it will simply destroy BYD financially and drag even more Chinese makers down with it. China is on the way to completely failing as automakers; as they make no money.