The European automakers, the American automakers, the Japanese automakers and the South Korean automakers have been making billions in China for years.
How about Europe telling China that they can sell their cars there, but only if they stop supporting Russia, and bullying democratic Taiwan. I wonder how China would react?
We? Aw hell no .... They as in the European auto industry need to stop price gouging their customers with over the top SUVs and luxury cars instead of affordable hot hatches.
if EU rejected chinese EV entering their market, then China has the right to refuse or limit the EU automaker in his own market. German will suffer a lot.
Don't worry, EVs of China Origin will be produced in Spain and Hungary and delivery planned in 2025 possibly with forced labor on ROBOTS AND EU NEED TO LEGISLATE to PROTECT ROBOTS RIGHT now.
The average price of an ICE vehicle in the U.S. last year was $35,000 and an EV $53,000. If BYD can make a reasonable EV at $11,500 FOB China, a tariff of 100% shouldn't slow them down.
@@MrSteeDoo The new BYD Song LDmi has been unveiled with an estimated price of around $13,000 USD. It measures 4780mm in length, 1898mm in width, and 1670mm in height, with a wheelbase of 2782mm. This vehicle is positioned as a compact SUV, similar to the BYD Han LDmi, both built on the DM5.0 platform
Worth noting that tariffs do not impact the Chinese manufacturers at all it is just another tax imposed by governments on their own hapless citizens - to the benefit of vested interests.
When China lowered the price of smartphones, it helped more people to own the phones. Without China's help, guess most people are without any phones or get only the cheapest, smallest that they can afford. I bought the smallest when it was very expensive. So now EVs when lowered the price, more people will be driving it. As US wants all to drive EVs and reduce pollution, so that's what China is doing.
Actually true. EVs are no go for many. China strategy is bad, they don't offer in Europe what sells BEST in China: PHEVs! BYD offers every car in both EV and PHEV version, Europeans dont even know that. Liauto is only PHEV. Leapmotor is EV or PHEV. Keep in mind these PHEVs are 150-200km long range + petrol engine to go 1000+km.
@@GallAnonim-jx2cz I think the problem is if you are a Global Auto company, you cannot abandon the largest car market in the world (China) simply because you don't fancy making BEVs? Hybrid sales will end soon when the EU removes the existing tax fiddle that they are.
Why the hell do we in Australia want to stop these el cheap evs ? We are not here to protect Elon and other car companies we just want stuff cheap ! Lol
Australia is special, because there the Australian auto industry is not developed, all auto are imported, it does not matter to import what kind of vehicles.
@@Tigerex966actually Chinese EVs are known to be better quality, cheaper and more innovative 👇 Study shows BYD Seal and Dolphin are two of the world’s safest cars Reading Time: 3 minutes Mark Andrews March 13, 2024 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
I feel no compulsion to stop Them. A billion Chinese need work, and if they produce good EVs, I want access to them. If their government subsidizes exports, it's actually taxing them to give us discounts, and we should take as much of it as they'll hand out. When our government also taxes the imports, it only fattens its coffers at our expense. We won't run out of things to produce here because there are always more things to produce. Protectionism is stoopid.
A billion Chinese need work do they? Did you just simply pull that number out of your arse mate because the population of China is 1.4 billion. You’re saying that 73% of the Chinese population is unemployed. Absolute nonsense, the current unemployment rate in China is 5% according to the CCP.
Millions in the USA and Europe also need work and good wages in the auto and related gas industries that have made it possible for your own people to live a good life. Now you care more about the RVs charged by coal slave labor Chinese than your own people because of your climate change religion.
What's the difference between buying a European EV and a Chinese? These are both designed by European designers. Perhaps the difference is the Chinese probably has the top European car designers working for them.
that was in the beggining ,,now is not they learned from data provided by their market ,, you know .... what people preference color, size, and all that,,,,,adapt it to their new models and boom in the bgeginig there were 1000s of ev companies in china they brought european designers competiton were tough and companies consolidated to 100s companies now they design them by themself and AI them , robot build them so no european design need it now
It will take a time machine for the West to catch up now. The STEM gap is China's largest advantage. China made a concerted effort to educate engineers: the people who solve problems, gain technological advantage, streamline processes and engineer out cost. BYD alone has more R&D engineers than all US-based automakers combined (including Tesla). They are already using systems like comprehensive digital twins that maximize that engineering talent. Chinese automakers spend more of their gross margin on R&D and technology-related CAPEX. That is why earnings often look low compared to gross margin. BYD's automotive gross margin is roughly 10 points higher than Tesla, but BYD spends more on R&D (and gets quantifiably less in subsidies), which leads to BYD's lower earnings overall. If you wall off your market from China, they will get farther ahead. BYD has an 18 month product development cycle, a fraction of western automakers and less than some automakers delay product launches. If you throw money at western automakers, they will not catch up because they are not capital-constrained and do not have the engineering talent available (or the focus on engineering as a way to reduce cost) needed to catch up. There are far more engineering job openings in the US than people qualified to fill them. While labor might have the political clout, it is not the driving factor in car prices. To become competitive again is a long-term project. The west needs to educate and immigrate more engineers.
This exactly! American Conservatives have spent decades vilifying higher education and cutting its budget. Meanwhile, China invested in the education of its people. Congratulations, Republicans! You lost us the 21st century!
China is not good at new ideas. However, they can take an idea and make it much better. That's what their strategy has been: make joint-venture a condition to compete in Chinese market, learn from the foreign companies, and then make new companies to kick the foreign companies out. This video also discussed how China is inviting best designers from EU to work for Chinese companies. Why? Because, design requires a mind of original concept and idea. Chinese are not good at novel and new ideas. However, like they have done before time and time again, they could learn from the designers, and make the design even better. The Western firms know the Chinese strategy of JV, copy, and then kick out, but greed overtakes them and they still shoot themselves in the foot.
The Europeans, Americans, Japanese and Koreans can 'defend' their home turfs all they want by slapping discriminatory duties on Chinese cars, but they can't do the same with the growing markets of the Global South, especially ASEAN, Africa, Middle East and Latin America, not to mention Russia which they left. At this rate the Chinese will outcompete them in these markets very soon and with that, the potential profits will allow further R&D and ensure they stay competitive and ahead.
@@lONlQ engineers improve tech to lower the product cost. old low tech keeps products expensive. japanese old car makers make up safety data. so american buys old tech and unsafe expensive cars.
Great channel. I don’t know if something changed with your audio that recently. I listened to your videos in my model S with an upgraded Soundsystem all the time. This one has static in it.
A couple of years ago I joined a live stream of an EV TH-camr that was once popular. He spent the whole stream talking about a recent trip to China and how wonderful the Chinese EV's were. I asked a question if people would be reluctant to buy these cars because they were Chinese. He came back with the rude answer that the T-shirts I buy are made in China so why even bring up the point. At first I was put off by this but maybe he was right. We are getting to the point where buying an EV will be like buying a T-shirt or baseball cap. We won't care where it came from until at some point we look under the covers and see "Made in China".
At £20,000 it might not as it won't be an easy sell to city folks in flats that have no charging facilities. Much better option for those would be a similarly priced Renault Clio or MG3 Hybrid.
@@billbarr7591 As EV sales rise flat owners will be forced to install car charging in the basement and others will specialize in on-the-street charging. The first ICE cars had nowhere to buy fuel.
This conversation regarding quality and price is all amazing, but unless the customer service improves, people will never feel confident to buy these cars repeatedly. My brother runs an Uber company in the south of Portugal and they leased 4 MGs in the beginning of last year. They had problems with every one of them: electrical issues with constant fault messages. One of them stayed at the dealer for 5 months. The dealers simply don’t know how to handle these cars and because China is in a very different time zone communication with the brand is reduced to a very small window. Resume: this year they ditched the MGs and leased a couple of Teslas. Not a single problem so far!
Why try and stop them? They are offering a service to provide low cost high quality safe cars! The UK used to Sail to china to buy tea , spices and silk.
Looks like the only place US OEMs will have a market is behind the tarrif wall the US govt has created. Will they take action and gear up to produce competitive EVs at low prices? 😂
It looks like GM and Ford are starting to try to produce EVs the market wants. But will it be enough? Perhaps not. While a company scales up a product they lose money. In the case of EVs they need to build up to several hundred thousands of sales per year. And with legacy those loss-producing EV sales are going to reduce the number of profit-earning ICEVs. I won't be surprised if we see the Big Two collapse under debt obligations as they try to morph into EV manufacturers.
Legacy auto manufacturers in the US will adapt and succeed. Why? Government subsidies and intervention just like China does and import tariffs. The Biden government is pumping billions into renewable infrastructure and subsidies to EV buyers. Easy access to ultra fast charging is key to mass adoption of EVs by consumers. That's why Musk started building out the Tesla charging infrastructure in conjunction with vehicle sales. A no-brainer, really, if you think about it. Once the infrastructure catches up and is accessible to everyone, like gas stations are, then there's no looking back. Battery tech is almost good enough right now and will continue to evolve and get better quickly. I think we're at a tipping point, ironically just like the ice auto industry was at the turn of the last century when they won out over competing technologies because of ease of use and reliability. EV's are reliable, they just need to improve on ease of use for mass adoption.
The US Cadaver In Chief recently instituted 100% Chinese tariff on EV's and solar components. Chinese EV's aren't even a thing yet in the US, but solar prices have already risen.
But interestingly, it appears that BYD may be aiming more for the lower-end EV market, having found a successful niche with the Seagull and Song Plus models. And they'll face way less competition in this niche, too. I expect the first US-legal BYD models to be in this size.
If this TH-cam video was a song, people would point out Sandy Munro was singing something very similar in 2020 - 4 -years ago. Back then I suspect many people doubted Sandy, I did not, I live close to where the largest car plant in the UK was. This is now a huge shopping centre, housing and a few industrial units. Ironically MG still have a small presence at Longbridge Birmingham. Change can come pretty fast. The UK motorcycle industry was just about wiped out by the Japanese in the 1970's, European car manufacturers need to move to a war footing if they are going to have any chance of being around by 2030. To me, that has been obvious for a few years.
As an Austian, who is looking to buy their first Ev I can tell you, that BYD is not really an option, because their prices are to high. Here BYD cars are offered at mercedes and BMW prices. MG prices are good though. MG Marvel looks good as well.
I’m a free-trade liberal from the U.S. China has not been a beacon of free trade policy, so I understand needing to use trade policy to even the field, but a 100% tariff? That weakens competition and is no doubt is plain protectionism. It makes us weaker, not stronger. If a 25 % tariff wasn’t enough it makes you wonder what is wrong with our domestic producers.
@@InventaChris Labor isn’t even 25% the cost of a car. Estimates are about 7% of the cost of a car is from labor in the U.S. But you’re right, the average hourly wage for an auto worker in China is about $5.
Europe will end up with heavy tariffs too. The only difference will be that in Europe tariffs will be delayed until the problem becomes real, so as to let European car makers have a few more good years in China.
EU makers are pretty much only making money with their export from china joint ventures , if they mess it up they will be stuck with only the EU production with no margins and not much export prospect. so either wont pass tarrif or they will commit suicide and tariffs blowback will kill EU carmaking.
@@MADDENCN for now Chinese cars are maybe 10-20% cheaper in EU then legacy EV cars. That is not enough to make them win the market. People will pay extra 10-20% to get brand they know.
They cannot be stopped, only delayed by 2 years, and we, the consumers, are the ones who losses. On the other hand, they are already in Europe in a small amount, and those who wants their cars can buy them anytime. It is only a matter of time when the majority of the people will realise that chinese made cars are very good.
Why do consumers lose? More competition will mean better and less expensive EVs. Consumers win. The climate wins because ICEVs will be forced off the stage faster. The losers are legacy auto manufacturers who ignored the long and loud warnings that EVs are the future. And countries that will be exporting money for cars rather than exporting cars for money.
@@bobwallace9753Is it really competition and free market when an autocratic Chinese government is hugely subsidizing these companies, especially their sales in Europe, as a strategy to dominate?
@@lopezb It's not a free market. The US, for example, doesn't allow Chinese autos to freely compete in the US. It's a competitive market. Companies are offering products and attempting to win sales via cost and quality. It's not a "fair" market. The Chinese government is apparently directly subsidizing the export EV sales. But China is not alone. The US government, for example, has subsidized the US auto industry with bailouts and loans. Dig in a little and you'll find many, many incidents of markets not being fair.
The Chinese will not only take over your car industry, they’ll take over your whole bloody country if you give them a foot in the door. Better start learning Chinese.
Polestar, Volvo EX30, MG. All primarily Chinese engineering and made in China with a European brand name, consumers identify with. Its a brilliant strategy around consumer concerns with unknown new to them brands.
Hi Sam, greetings from the U.K. Legacy auto have been totally complacent in the EV transition, they have paid lip service, by making a handful of sub-par EVs, and even laughing at innovators like Tesla just a decade ago. Unless they wake up really fast, then many household names will be consigned to the history books. I’m 58YO, I’ve seen this before in the 1970’s and 80’s. Wolesly, Austin, Morris, Simca, Talbot, Rover, Hillman, Singer - all these car makers were around in my childhood; all gone now. It can happen!
To be fair why US dominated auto industrial in the past, there is no complaints and now when US losing the markets. US suddenly complaints is no fair, US also subsidy there products too. 😂😂😂😂
@@elliotkane4443 Geely bought Volvo in 2010 for US$1.8 Billion. Smart move, 14 years later there are still people paying a premium for "Swedish" Volvo.
@@John-FourteenSix I'm willing to listen to him even though I disagree with all that he says. By the way you have a great username. There's no other name given under heaven whereby we must be saved.
The marks of MG, Volvo, etc, may be owned by China, but they are still designed in accordance with the marks styling. What China has not learned is that tech does not sell cars. The transition to EVs will be slow in Europe & the US. It will favour their own brands. China needs to cut production to match sales. Otherwise, they will have another Evergrande on their hands.
TM most certainly does sell cars in China and throughout most of Asia. Yes, Europe is an important market, but it’s not a dealbreaker. I gave up long ago being bothered about the quality of stitching on the seat bolster.
TM most certainly does sell cars in China and throughout most of Asia. Yes, Europe is an important market, but it’s not a dealbreaker. I gave up long ago being bothered about the quality of stitching on the seat bolster.
If EU OEMs try to compete they will have to ditch the EU auto unions.... just as the US OEMs will have to ditch the UAW. To make competitive EVs in the EU they would have to use robotic labor.... however that takes away the auto industry's major political advantage...i.e. jobs for humans. Take away the auto industry job creation you take away the reason govts care that they exist. Ipso Facto.. the Chinese will win this game. It will be longer than you would think but they will... and they know it.
Right now the largest car manufacturers are German and Japanese. In a few years the largest car manufacturers are likely to be Chinese. US car companies were, at one time, very major players but that is in the past. China has a developing labor problem. An aging population and better educated young people who don't want to work in factories. And young workers who grew up in better times. One reason Chinese manufacturing has been so successful, IMO, is that the first generation of Chinese factory workers had experienced very hard times. A job that gave people some sort of financial stability was highly valued. We saw the same in the US following WWII. Workers after the war had lived during the Great Depression and people were very glad to work very hard for a better life. But the work of those people created a lifestyle for their children which didn't teach the need to work really hard. China, I think, is starting to experience the same sort of cultural shift away from intense work ethics. Chinese factories are likely to follow Tesla's lead just like they have with EVs. They will install humanoid robots as quickly as they can obtain them. If so, that will extend the Chinese lead over Western vehicle manufacturers.
I'll buy what is cheap and affordable. It's good for the average people! Things are getting more expensive why the government stop us from cheaper EVs? Whether the Chinese EVs are lousy quality or not, the people makes their decisions, not the unreasonable government!
@@deepone5005 the government choose to get votes for themselves. The people be damned! It's democracy - that means all for the votes by lying, stealing and bullying!
Our local MG dealership closed without warning, it has been rumoured it just abandoned the MG brand due to fees and lack of margin by the manufacturer. didnt switch, just closed its doors and the site is now up for sale, Problem is no one is appearing interested in taking it up, which is odd given that we now have a BYD and a planned tesla showroom
From planning to implementation it's a long way to go. Most people know that initially expensive vehicles, now preowned, are better than initially cheap vehicles albeit brand new.
In some ways it is good the UK has no car makers left, of our own, gone broke or sold off. So it matters not if they are Japanese, German, USA or Chinese owned now.
One important missing point in this presentation is that China has been subsidising exports for all those years. When it applies to shows and shirts, everyone is happy. When it applies to cars, there is an outcry.😂
Bull. They make crap. If someone wants to believe otherwise, let them. When they’re whining in three years that their battery died, they can have you bring the complaints directly to Chairman XI. GOOD LUCK WITH THAT.
Thank god for one thing.. If BYD are opening their own sales centres it may harpoon the distributor in Sydney who has been writing its own contraversal warranties.
Sam all the legacy guys have been doing this for years, in the UK we had the Ford Mavrick which was a Nissan Terrano, the VW Sharon is a Ford Galaxy etc etc the list is endless. Some were slightly changed but the two I listed were the same but just different badges.
I recall a friend laughing at Chinese made cars. That was b4 i knew cars as an adult and now cars like Zeeker and BYD are just just captivating better than my porsche and BMW.
BYD sells only EVs in western markets, even when in China best selling BYD are all PHEV. That is strange move. Plus BYD in Europe are prices almost like BMW, double price of China. If I'm their sales director I'd grow their market 100% every year easily.
I honestly think China might be better served by selling/shipping EV platforms that could be used by other automakers. Just like they have been doing for years wqith ICE vehicles. Create a solid platform foundation that includes EV motors and batteries that could be used to create cars, SUVs and crossovers.
2:51 " (The) The Chinese government will pay these automakers cash directly into their bank accounts for every single car that they sell in Europe they're being incentivized to do this," The statement may be outdated. The Kiel Institute for the World Economy, a think tank that advises the German government, said that China’s aid to domestic new energy vehicles amounted to roughly $5.6 billion until 2022 when the direct payments to manufacturers were phased out. The biggest beneficiary of China’s support scheme was BYD, which received $3.7B in direct aid from 2018 to 2022. In 2022 Tesla received about $426 million in direct subsidies from the Chinese government for cars manufactured at its Shanghai facility
@@kenbehrens5778 You are correct about the total subsidies. The statement at 2:51 referred to direct cash subsidies. The extensive supply chain around each group of factories, sponsored by competing local governments, tax incentives, and cheap land, contributed to their success. Tesla also receives a great deal of incentives in Germany. Under the Automotive Industry Financing Program in the US, the Bush and Obama administrations allocated $80 billion in direct assistance to automotive firms to rescue them. They were too big to fail. The US needs a more substantial, funded industrial policy for NEVs.
I'll be worried when China makes something other than a 5m long E-class executive sedan. Or when they start taking their cars to the track to set records. Until then, the Volkswagen group is probably gonna be just fine. Maybe the low-end market segment will be overtaken.
Whoever makes the big initial sales, (the S-curve turnover of ICE to EV) that’s going to kill anyone that isn’t competitive. Once an EV is affordable, & purchased by someone that doesn’t buy new cars regularly, that potential car customer is closed off for further sales for 10+ years, because EVs last forever, and need little maintenance.
The Zeekr is going to give Tesla a real run for it's money, with premium performance for a cheap price. Bring it on. Many people need to see ICE parity to make a switch, as up to now it's for those who can afford one rather than the average Joe.
Sad excuse for being incompetent... The Chinese are just better at producing than any other country in the world... US and Europe have to come up with these stories to try to hide the fact that China has surpassed them
If these Chinese cars prices are being set to the maximum, ie at equivalent to similar European brands or Tesla, then they can presumably drop the price to absorb the effect of tariffs that might be imposed on them in Europe, to a certain extent. And presumably if China retaliated with similar tariffs on European brands there would be less ability to cut prices while covering costs.
No crying over spilt milk! The UK barely has an automotive industry now. Why should it invest in a lost cause. The answer is surely to become the leader in other high skill technologies of choice.
IT WILL BE LIKE A WASHER OR FRIDGE ' 3 OR 4 MAIN PRODUCERS AND 50 DIFFERENT BADGES . ALL THE SAME PRODUCT WITH DOUBLE THE PRICE DEPENDING THE LABLE ON THE BADGE
One of the most insightful pieces on future EV source country distribution ive seen to date. Spent 44 years engineering in big auto world wide and 15 years ago this was on the cards. I can remember when Honda and Toyota were regarded as novelty brands, so the road map of how to become the worlds biggest car manufacturer is already laid out for you. How bigger fool would you have to be to not take a long hard look at Toyota's road to success and better it with hindsight? Money? Skill? Determination? Long term planning? Exactly what part of the long term sociological conflict with Japan does not drive China's government for global domination in the auto industry at the expense of Japan through no matter how many life times it takes, taking out everyone else along the way as collateral damage, if they have to. And the thing is its you and me "the consumer" who will decide. Down the pub "Im never buying Chinese rubbish". Guess what you possibly are already, or at least a 50% of content. And remember the same back in the 70s just substitute "Chinese" for "Japanese" ill give you 5 years at the most, whats that I hear you say "best cars in the world a Totota" Yea right Chinese engineering, production and next if not already design have taken that crown, you just dont realise it yet.
@@seouliteinmumbai7955 I dont need anyone's money, I invested in Tesla 10 years ago and have retired on the outcome and Im no fan of the CCP based on what Im fed. Politics aside I know my automotive business first hand and thats how I make my decisions. Is Xi Elons child with Grimes? Or have I got that wrong, as I say I only know engineering .............sorry.
To reduce gasoline usage, some cities in China offer a maximum subsidy of 72,000 RMB for Volkswagen electric vehicles, 33,000 RMB for Tesla cars, and 22,000 RMB for Li Auto vehicles. In China, the subsidies are provided to consumers for purchasing cars, not to car companies
100% tariff on a 9k$ car means it’s 18k$ which half of price for an EV in the US. And again who pays for the Tariffs? The consumer or the company that ship cars to the USA?
No matter where you live, drive an electric car, please. If you can find a cheaper one, go for it. It is not about business. It is about saving our planet.
i think we just want a greener car without getting ripped off and having to mortgage the house .. bring it on 🙏 let market forces play it out ( called capitalism isnt it ? )
Every western country should apply significant tariffs on Chinese EVs to preserve their freedom. The Chinese are subsidizing their EV manufacturers because they want to bankrupt western automakers. This gives them the economic leverage to prevent retaliation when they invade Taiwan and blackmail other neighboring countries into submitting to demands for expanded fishing rights, etc.
I think the West has taken the Chinese Car Makers for granted. Like Elon Musk was laughing, although years ago, when mentioned to him BYD. I just hope the other US. & Eutope car makers can match the Chinese in technology, & style.
China did not open. The forced them to make joint ventures with local companies. And used those JVs to learn all the processes and tech, and then pass that to others in the industry in China. So the West gave over all their IP for a share of some profits for a few years.
Because Capitalism was never about having a level playing field. Capitalism is about rigging the game and laughing while suckers still try to win! If you're not cheating, you're not trying!
@@stephendaley266 Capitalism has many flaws. Thankfully, it is much better than all the other ways of organizing a civilization that humans have tried so far. Capitalism incentivizes people to be creative and contribute more to get more reward. In the process, they give their customers products and services. The world keeps getting better. Humanity has been on an exponential learning curve for most of history. We are far enough up the curve that the pace of change is staggering. Hold on, because by 2030 we are going to see many amazing changes (keep an eye on the e/acc team as they rapidly iterate on core parts of society).
![F.HERO Ft. JSPKK x ลำไย ไหทองคำ x M-PEE - ไม่สนิทบิดหมด (Thai Riders Anthem) [Official MV]](http://i.ytimg.com/vi/kPJZ0UihBfk/mqdefault.jpg)
The European automakers, the American automakers, the Japanese automakers and the South Korean automakers have been making billions in China for years.
And now the Chinese automakers are turning the table.
@@hermesliteratus882 No, chinese automakers are asking for "fair play".
But were they being subsidised on the sly ?
@@CheeseLovingGuy Boeing?
@@hermesliteratus882 Good for them, waiting to buy a chinese EV soon
How about Europe telling China that they can sell their cars there, but only if they stop supporting Russia, and bullying democratic Taiwan. I wonder how China would react?
The new all-electric MINI Cooper 3-door are being built in China. A joint venture with Great Wall Motor. Exports have already begun
Nice use of the word, "fusillade" I haven't heard that in auto banter for at least a very long time! Thanks for all the entertainment and hard work.
We? Aw hell no .... They as in the European auto industry need to stop price gouging their customers with over the top SUVs and luxury cars instead of affordable hot hatches.
Give good car to the poor is the problem
By embracing inefficient manufacturing techniques, they ripped of the consumer far too long.
Now they will pay the price!
if EU rejected chinese EV entering their market, then China has the right to refuse or limit the EU automaker in his own market. German will suffer a lot.
This is exactly why the German auto industry are pleading with their own government not to impose sanctions that will finally kill them off
The Germans had a massive, 40 years, head start and squandered it. The Chinese will now decimate them and they only have themselves to blame.
Don't worry, EVs of China Origin will be produced in Spain and Hungary and delivery planned in 2025 possibly with forced labor on ROBOTS AND EU NEED TO LEGISLATE to PROTECT ROBOTS RIGHT now.
The average price of an ICE vehicle in the U.S. last year was $35,000 and an EV $53,000. If BYD can make a reasonable EV at $11,500 FOB China, a tariff of 100% shouldn't slow them down.
Yeah but that EV for $11.5K will be the equivalent of a Nissan Versa ICE at $17,5K. The cheap EV is not going to be the equivalent of a $50K SUV.
@@MrSteeDoowhat about the hybrid ones? The new Qin L(PHEV) msrp is ¥99,800(≈$13,700), puls 100% tariff it’s $27,400 < Toyota Prius which is $27,950😂
@@MrSteeDoo The new BYD Song LDmi has been unveiled with an estimated price of around $13,000 USD. It measures 4780mm in length, 1898mm in width, and 1670mm in height, with a wheelbase of 2782mm. This vehicle is positioned as a compact SUV, similar to the BYD Han LDmi, both built on the DM5.0 platform
Western auto makers: "Nobody wants to buy cheap Chinese EVs!"
Also western auto makers: "Help! We need import tariffs to save us from Chinese EVs!"
nobody is buying them now in EU. Much work to be done to boost their sales in EU. Legacy is not sleeping as well.
Worth noting that tariffs do not impact the Chinese manufacturers at all it is just another tax imposed by governments on their own hapless citizens - to the benefit of vested interests.
When China lowered the price of smartphones, it helped more people to own the phones. Without China's help, guess most people are without any phones or get only the cheapest, smallest that they can afford. I bought the smallest when it was very expensive. So now EVs when lowered the price, more people will be driving it. As US wants all to drive EVs and reduce pollution, so that's what China is doing.
Actually true. EVs are no go for many. China strategy is bad, they don't offer in Europe what sells BEST in China: PHEVs! BYD offers every car in both EV and PHEV version, Europeans dont even know that. Liauto is only PHEV. Leapmotor is EV or PHEV. Keep in mind these PHEVs are 150-200km long range + petrol engine to go 1000+km.
@@GallAnonim-jx2cz I think the problem is if you are a Global Auto company, you cannot abandon the largest car market in the world (China) simply because you don't fancy making BEVs? Hybrid sales will end soon when the EU removes the existing tax fiddle that they are.
Why the hell do we in Australia want to stop these el cheap evs ? We are not here to protect Elon and other car companies we just want stuff cheap ! Lol
Australia is special, because there the Australian auto industry is not developed, all auto are imported, it does not matter to import what kind of vehicles.
استراليا وباقي العالم ليس لهم علاقة بأمريكا و انقاد شركات السيارات في ألمانيا واليابان 😂
لهذا كلنا نريد السيارات الصينية الرخيصة في كل مكان ✅
We're in a Cold War with China, genius.
Chinese cars likely have spyware in them like TikTok.
I hope Chinese EVs break into the US market. Legacy autos just aren't up to par in design.
You have it backwards my friend the cost cut legit gimmicky evs van go somewhere now.
@@Tigerex966actually Chinese EVs are known to be better quality, cheaper and more innovative
👇
Study shows BYD Seal and Dolphin are two of the world’s safest cars Reading Time: 3 minutes Mark Andrews March 13, 2024
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
…….. Or functionality
At this point that's true. It's a shame the US isn't willing to compete
I don't drive anymore (age), but I would like to see Chinese vehicles on our roads. We deserve pricing values, too!
I won’t shed any tears for TESLA
Why not? Are you a communist against his free speech 🎤
I feel no compulsion to stop Them. A billion Chinese need work, and if they produce good EVs, I want access to them. If their government subsidizes exports, it's actually taxing them to give us discounts, and we should take as much of it as they'll hand out. When our government also taxes the imports, it only fattens its coffers at our expense. We won't run out of things to produce here because there are always more things to produce. Protectionism is stoopid.
The UAW just needs to lower wages to match China.
@@francismarion6400 China will raise its wages soon enough. It's not like they live to serve us.
Or raise wages of non UAW workers so the rest of us can afford what they make. Most of us don't even have pensions but they do?!?!?
A billion Chinese need work do they? Did you just simply pull that number out of your arse mate because the population of China is 1.4 billion. You’re saying that 73% of the Chinese population is unemployed. Absolute nonsense, the current unemployment rate in China is 5% according to the CCP.
Millions in the USA and Europe also need work and good wages in the auto and related gas industries that have made it possible for your own people to live a good life.
Now you care more about the RVs charged by coal slave labor Chinese than your own people because of your climate change religion.
What's the difference between buying a European EV and a Chinese? These are both designed by European designers. Perhaps the difference is the Chinese probably has the top European car designers working for them.
Worth noting the BMW EVs are actually built in China anyway. Just because it’s got a BMW badge on it doesn’t mean it isn’t Chinese.
that was in the beggining ,,now is not they learned from data provided by their market ,, you know .... what people preference color, size, and all that,,,,,adapt it to their new models and boom
in the bgeginig there were 1000s of ev companies in china they brought european designers competiton were tough and companies consolidated to 100s companies now they design them by themself and AI them , robot build them so no european design need it now
It will take a time machine for the West to catch up now. The STEM gap is China's largest advantage. China made a concerted effort to educate engineers: the people who solve problems, gain technological advantage, streamline processes and engineer out cost. BYD alone has more R&D engineers than all US-based automakers combined (including Tesla). They are already using systems like comprehensive digital twins that maximize that engineering talent. Chinese automakers spend more of their gross margin on R&D and technology-related CAPEX. That is why earnings often look low compared to gross margin. BYD's automotive gross margin is roughly 10 points higher than Tesla, but BYD spends more on R&D (and gets quantifiably less in subsidies), which leads to BYD's lower earnings overall.
If you wall off your market from China, they will get farther ahead. BYD has an 18 month product development cycle, a fraction of western automakers and less than some automakers delay product launches. If you throw money at western automakers, they will not catch up because they are not capital-constrained and do not have the engineering talent available (or the focus on engineering as a way to reduce cost) needed to catch up. There are far more engineering job openings in the US than people qualified to fill them. While labor might have the political clout, it is not the driving factor in car prices.
To become competitive again is a long-term project. The west needs to educate and immigrate more engineers.
This exactly!
American Conservatives have spent decades vilifying higher education and cutting its budget.
Meanwhile, China invested in the education of its people.
Congratulations, Republicans!
You lost us the 21st century!
Naa they just steal intellectual property where they can and copy stuff but build crap quality rofl
China is not good at new ideas. However, they can take an idea and make it much better. That's what their strategy has been: make joint-venture a condition to compete in Chinese market, learn from the foreign companies, and then make new companies to kick the foreign companies out. This video also discussed how China is inviting best designers from EU to work for Chinese companies. Why? Because, design requires a mind of original concept and idea. Chinese are not good at novel and new ideas. However, like they have done before time and time again, they could learn from the designers, and make the design even better. The Western firms know the Chinese strategy of JV, copy, and then kick out, but greed overtakes them and they still shoot themselves in the foot.
I'll rephrase that for you
China steals a idea and tries to make it better rofl no respect for patents or intellectual property rights
The Europeans, Americans, Japanese and Koreans can 'defend' their home turfs all they want by slapping discriminatory duties on Chinese cars, but they can't do the same with the growing markets of the Global South, especially ASEAN, Africa, Middle East and Latin America, not to mention Russia which they left. At this rate the Chinese will outcompete them in these markets very soon and with that, the potential profits will allow further R&D and ensure they stay competitive and ahead.
Proud of cheap cars in poor countries?
Most of them are not that poor anymore
While true, I think their biggest loss is not even making cars for their own markets
PHEV cars fit all countries outside china, where charger stations are everywhere.
@@lONlQ engineers improve tech to lower the product cost.
old low tech keeps products expensive.
japanese old car makers make up safety data.
so american buys old tech and unsafe expensive cars.
Great channel. I don’t know if something changed with your audio that recently. I listened to your videos in my model S with an upgraded Soundsystem all the time. This one has static in it.
A couple of years ago I joined a live stream of an EV TH-camr that was once popular. He spent the whole stream talking about a recent trip to China and how wonderful the Chinese EV's were. I asked a question if people would be reluctant to buy these cars because they were Chinese. He came back with the rude answer that the T-shirts I buy are made in China so why even bring up the point. At first I was put off by this but maybe he was right. We are getting to the point where buying an EV will be like buying a T-shirt or baseball cap. We won't care where it came from until at some point we look under the covers and see "Made in China".
America is in a Cold War with China.
Chinese EV likely have spyware in them like TikTok.
BYD seagull will sell well in UK
At £20,000 it might not as it won't be an easy sell to city folks in flats that have no charging facilities. Much better option for those would be a similarly priced Renault Clio or MG3 Hybrid.
Wanna bet? I don't think so.
I heard the same about the Atto3... and nope.
@@billbarr7591 As EV sales rise flat owners will be forced to install car charging in the basement and others will specialize in on-the-street charging. The first ICE cars had nowhere to buy fuel.
I was so interested in the Dolphin but the price was too high, then the Seagul looked good but I'll probably just go with the Dacia Spring.
This conversation regarding quality and price is all amazing, but unless the customer service improves, people will never feel confident to buy these cars repeatedly. My brother runs an Uber company in the south of Portugal and they leased 4 MGs in the beginning of last year. They had problems with every one of them: electrical issues with constant fault messages. One of them stayed at the dealer for 5 months. The dealers simply don’t know how to handle these cars and because China is in a very different time zone communication with the brand is reduced to a very small window. Resume: this year they ditched the MGs and leased a couple of Teslas. Not a single problem so far!
Why try and stop them? They are offering a service to provide low cost high quality safe cars! The UK used to Sail to china to buy tea , spices and silk.
Looks like the only place US OEMs will have a market is behind the tarrif wall the US govt has created. Will they take action and gear up to produce competitive EVs at low prices?
😂
It looks like GM and Ford are starting to try to produce EVs the market wants. But will it be enough? Perhaps not. While a company scales up a product they lose money. In the case of EVs they need to build up to several hundred thousands of sales per year. And with legacy those loss-producing EV sales are going to reduce the number of profit-earning ICEVs.
I won't be surprised if we see the Big Two collapse under debt obligations as they try to morph into EV manufacturers.
Still have to buy all the resources through China.
No, historically America has never liked competition. It's not going to like it now. They always have an excuse.
Legacy auto manufacturers in the US will adapt and succeed. Why? Government subsidies and intervention just like China does and import tariffs. The Biden government is pumping billions into renewable infrastructure and subsidies to EV buyers. Easy access to ultra fast charging is key to mass adoption of EVs by consumers. That's why Musk started building out the Tesla charging infrastructure in conjunction with vehicle sales. A no-brainer, really, if you think about it. Once the infrastructure catches up and is accessible to everyone, like gas stations are, then there's no looking back. Battery tech is almost good enough right now and will continue to evolve and get better quickly. I think we're at a tipping point, ironically just like the ice auto industry was at the turn of the last century when they won out over competing technologies because of ease of use and reliability. EV's are reliable, they just need to improve on ease of use for mass adoption.
@@kickithard It all makes sense once you realize Biden is trying to make China rich
The US Cadaver In Chief recently instituted 100% Chinese tariff on EV's and solar components. Chinese EV's aren't even a thing yet in the US, but solar prices have already risen.
But interestingly, it appears that BYD may be aiming more for the lower-end EV market, having found a successful niche with the Seagull and Song Plus models. And they'll face way less competition in this niche, too. I expect the first US-legal BYD models to be in this size.
Great video Sam. Looks like they are learning and following the same strategy used by the Japanese in the 70's and Korean's in the 90's
If this TH-cam video was a song, people would point out Sandy Munro was singing something very similar in 2020 - 4 -years ago. Back then I suspect many people doubted Sandy, I did not, I live close to where the largest car plant in the UK was. This is now a huge shopping centre, housing and a few industrial units. Ironically MG still have a small presence at Longbridge Birmingham. Change can come pretty fast. The UK motorcycle industry was just about wiped out by the Japanese in the 1970's, European car manufacturers need to move to a war footing if they are going to have any chance of being around by 2030. To me, that has been obvious for a few years.
I have the atto3.
I like the idea of byd plugin for long distance driving (petrol for charging the battery incase of no charging station)
I'm in Australia, where there are plenty of EV chargers. Even better if your EV is a Tesla
As an Austian, who is looking to buy their first Ev I can tell you, that BYD is not really an option, because their prices are to high. Here BYD cars are offered at mercedes and BMW prices.
MG prices are good though.
MG Marvel looks good as well.
But MG Is also a Chinese brand.
Yeah apart from MG they are still pretty expensive. I guess with time they'll get traction and eventually get the price down
@canalesjuan356
Yess, therefore I mentioned them being different.
I’m a free-trade liberal from the U.S. China has not been a beacon of free trade policy, so I understand needing to use trade policy to even the field, but a 100% tariff? That weakens competition and is no doubt is plain protectionism. It makes us weaker, not stronger. If a 25 % tariff wasn’t enough it makes you wonder what is wrong with our domestic producers.
Our domestic producers have higher labor costs vs cheap Chinese slave labor
@@InventaChris Labor isn’t even 25% the cost of a car. Estimates are about 7% of the cost of a car is from labor in the U.S. But you’re right, the average hourly wage for an auto worker in China is about $5.
Europe will end up with heavy tariffs too. The only difference will be that in Europe tariffs will be delayed until the problem becomes real, so as to let European car makers have a few more good years in China.
EU makers are pretty much only making money with their export from china joint ventures , if they mess it up they will be stuck with only the EU production with no margins and not much export prospect. so either wont pass tarrif or they will commit suicide and tariffs blowback will kill EU carmaking.
No it won't. If they ban joint ventures then that's just sabotaging the climate plan.
If Europeans adopt the American approach to tariffs on Chinese cars, they will lose the Chinese market permanently.
You mean VW BMW and Mercedes ? All Germans....
@@hermesliteratus882there is likely going to be a war there in a few years anyway so the market is going to disappear anyway.
I think they already lost..
Byd seagull 10kusd.. 300km range
Well made, nice design
But it doesn't sell well outside of CCP.
@@stefan2796 because byd haven't shipped them to Europe yet..
Everybody wants to buy 1.. even at 20k usd
@@MADDENCN for now Chinese cars are maybe 10-20% cheaper in EU then legacy EV cars. That is not enough to make them win the market. People will pay extra 10-20% to get brand they know.
@@stefan2796not ture south east asia ,ausi, middle east, middle asia does these places account worldwide?
They cannot be stopped, only delayed by 2 years, and we, the consumers, are the ones who losses.
On the other hand, they are already in Europe in a small amount, and those who wants their cars can buy them anytime. It is only a matter of time when the majority of the people will realise that chinese made cars are very good.
Why do consumers lose? More competition will mean better and less expensive EVs. Consumers win. The climate wins because ICEVs will be forced off the stage faster.
The losers are legacy auto manufacturers who ignored the long and loud warnings that EVs are the future. And countries that will be exporting money for cars rather than exporting cars for money.
@@bobwallace9753Is it really competition and free market when an autocratic Chinese government is hugely subsidizing these companies, especially their sales in Europe, as a strategy to dominate?
@@lopezb上来就意识形态先行，然后大声嚷嚷所谓补贴，好像欧盟没有补贴一样。就如你们的冯德莱恩，完全听命于美国的叙事，变成美国利益的代言人
@@lopezb
It's not a free market. The US, for example, doesn't allow Chinese autos to freely compete in the US.
It's a competitive market. Companies are offering products and attempting to win sales via cost and quality.
It's not a "fair" market. The Chinese government is apparently directly subsidizing the export EV sales. But China is not alone. The US government, for example, has subsidized the US auto industry with bailouts and loans. Dig in a little and you'll find many, many incidents of markets not being fair.
@bobwallace9753 he means tariffs are a loss for consumers who want cheaper and better EV"s
I know MG cars are Chinese, I would buy an MG but I would never buy a British made car as the British make absolutely Rubbish Cars.
Totally agree!
Totally agree!
This is big info. Thanks EV!
Good for China, i hope they take over the industry! I hope they push these ridiculous prices down for us consumers.
The Chinese will not only take over your car industry, they’ll take over your whole bloody country if you give them a foot in the door. Better start learning Chinese.
Nothing new. Japan also gave legacy auto a run and what it did was force them to improve their quality.
@@Steve-318 yes, other than Ford, GM and Chrysler back from bankruptcy then and will visit there again soon.
Traitorous loser.
America is in a Cold War with China.
Chinese EVs likely have spyware in them like TikTok.
Chinese EV are cheap bc of slave labor
Traitorous loser.
America is in a Cold War with China.
Chinese EVs likely have spyware in them like TikTok.
Chinese EV are cheap bc of slave labor
Polestar, Volvo EX30, MG. All primarily Chinese engineering and made in China with a European brand name, consumers identify with. Its a brilliant strategy around consumer concerns with unknown new to them brands.
In 2020 VW said their ID.1 (cheap EV) should be released 2023... Now they say 2027... -why VW wants to help China is a true mystery.
why?
VW do not want to help China, only themselves. Apart from their 50% deal with FAW(?) they are now having cars built by Xpeng.
Hi Sam, greetings from the U.K. Legacy auto have been totally complacent in the EV transition, they have paid lip service, by making a handful of sub-par EVs, and even laughing at innovators like Tesla just a decade ago. Unless they wake up really fast, then many household names will be consigned to the history books. I’m 58YO, I’ve seen this before in the 1970’s and 80’s. Wolesly, Austin, Morris, Simca, Talbot, Rover, Hillman, Singer - all these car makers were around in my childhood; all gone now. It can happen!
Why “stop” them? Let the market decide.
Now they're all of the sudden anti free market dirigists
Unless you’re Sinophobia
Because they are dumping them! The market has been perverted because of this! Europe will have no choice but to follow the Americans .
No ones electrical system will be able to power loads of EVs at this point!!😉😉😉
Western fragility.
Only thing is Reuters can’t be believed anymore.
Who do you believe, the Firecracker Nation people ?
@@mikewallace8087 i blocked all news from reuters, bloomberg, and barons.
@@mikewallace8087 Believe in the 2 Countries that what and how Democracy should be interpreted and Carried Out in Gaza.
@@lambertgiang You idea is nebulous , not understandable .
@@mikewallace8087 of course not. Not a surprise to those that chose not to.
Make them follow their rules: they can only sell if they have joint ventures with local companies 👍🤣❤️ !!
To be fair why US dominated auto industrial in the past, there is no complaints and now when US losing the markets. US suddenly complaints is no fair, US also subsidy there products too. 😂😂😂😂
US dominated auto industrial-FREE MARKETS!
US losing the markets - OVER CAPACITY!
V. Good article indeed.
Bloody awesome😊
Presentation mate!. Pictures, slides videos and content is good. Length is perfect for content
One of the best presentations in the last week on EV’s anywhere!
You're easily impressed by cheap propaganda. I wasn't aware that Volvo was a 'Chinese automaker' until this video.
@@elliotkane4443 FACTS are NOT propaganda! Propaganda is lies, half truths, misdirection, usually by governments.
@@elliotkane4443 Geely bought Volvo in 2010 for US$1.8 Billion. Smart move, 14 years later there are still people paying a premium for "Swedish" Volvo.
@@elliotkane4443 We are all free to accept or reject what we hear or read.
If you don’t like what Sam reports, don’t listen to him.
@@John-FourteenSix I'm willing to listen to him even though I disagree with all that he says.
By the way you have a great username.
There's no other name given under heaven whereby we must be saved.
The marks of MG, Volvo, etc, may be owned by China, but they are still designed in accordance with the marks styling. What China has not learned is that tech does not sell cars. The transition to EVs will be slow in Europe & the US. It will favour their own brands. China needs to cut production to match sales. Otherwise, they will have another Evergrande on their hands.
TM most certainly does sell cars in China and throughout most of Asia. Yes, Europe is an important market, but it’s not a dealbreaker. I gave up long ago being bothered about the quality of stitching on the seat bolster.
TM most certainly does sell cars in China and throughout most of Asia. Yes, Europe is an important market, but it’s not a dealbreaker. I gave up long ago being bothered about the quality of stitching on the seat bolster.
If EU OEMs try to compete they will have to ditch the EU auto unions.... just as the US OEMs will have to ditch the UAW.
To make competitive EVs in the EU they would have to use robotic labor.... however that takes away the auto industry's major political advantage...i.e. jobs for humans. Take away the auto industry job creation you take away the reason govts care that they exist.
Ipso Facto.. the Chinese will win this game. It will be longer than you would think but they will... and they know it.
Right now the largest car manufacturers are German and Japanese. In a few years the largest car manufacturers are likely to be Chinese. US car companies were, at one time, very major players but that is in the past.
China has a developing labor problem. An aging population and better educated young people who don't want to work in factories. And young workers who grew up in better times.
One reason Chinese manufacturing has been so successful, IMO, is that the first generation of Chinese factory workers had experienced very hard times. A job that gave people some sort of financial stability was highly valued.
We saw the same in the US following WWII. Workers after the war had lived during the Great Depression and people were very glad to work very hard for a better life. But the work of those people created a lifestyle for their children which didn't teach the need to work really hard. China, I think, is starting to experience the same sort of cultural shift away from intense work ethics.
Chinese factories are likely to follow Tesla's lead just like they have with EVs. They will install humanoid robots as quickly as they can obtain them. If so, that will extend the Chinese lead over Western vehicle manufacturers.
I'll buy what is cheap and affordable. It's good for the average people! Things are getting more expensive why the government stop us from cheaper EVs? Whether the Chinese EVs are lousy quality or not, the people makes their decisions, not the unreasonable government!
The gvt chooses the automakers than your welfare because they have vested interests. Simple .
@@deepone5005 the government choose to get votes for themselves. The people be damned! It's democracy - that means all for the votes by lying, stealing and bullying!
أمريكا ليست عادلة
Traitor.
America is in a Cold War with China.
Chinese EVs likely have spyware in them like TikTok.
Chinese EV are cheap bc of slave labor
Here is an idea? How about European automakers build cars people actually want.
…..and at a price people like.
Our local MG dealership closed without warning, it has been rumoured it just abandoned the MG brand due to fees and lack of margin by the manufacturer. didnt switch, just closed its doors and the site is now up for sale,
Problem is no one is appearing interested in taking it up, which is odd given that we now have a BYD and a planned tesla showroom
Don't worry about 'plans' of Tesla getting beaten.
Let there be competition. *Consumer consideration should be first and foremost, not Tesla profits!*
From planning to implementation it's a long way to go. Most people know that initially expensive vehicles, now preowned, are better than initially cheap vehicles albeit brand new.
In some ways it is good the UK has no car makers left, of our own, gone broke or sold off. So it matters not if they are Japanese, German, USA or Chinese owned now.
One important missing point in this presentation is that China has been subsidising exports for all those years. When it applies to shows and shirts, everyone is happy. When it applies to cars, there is an outcry.😂
Bull. They make crap. If someone wants to believe otherwise, let them. When they’re whining in three years that their battery died, they can have you bring the complaints directly to Chairman XI. GOOD LUCK WITH THAT.
Thank god for one thing.. If BYD are opening their own sales centres it may harpoon the distributor in Sydney who has been writing its own contraversal warranties.
Sam all the legacy guys have been doing this for years, in the UK we had the Ford Mavrick which was a Nissan Terrano, the VW Sharon is a Ford Galaxy etc etc the list is endless. Some were slightly changed but the two I listed were the same but just different badges.
I recall a friend laughing at Chinese made cars. That was b4 i knew cars as an adult and now cars like Zeeker and BYD are just just captivating better than my porsche and BMW.
"We have only 2 years to stop China from selling
us normal priced EVs" Who's WE??? $40k premium price gouge EV manufacturers?
It's not price gouging: our labor is just more expensive than cheap Chinese slave labor.
Go electrifying transport, go zero emission. Government subsidies are right things to do for saving our planet!
BYD sells only EVs in western markets, even when in China best selling BYD are all PHEV. That is strange move. Plus BYD in Europe are prices almost like BMW, double price of China. If I'm their sales director I'd grow their market 100% every year easily.
Thanks Sam. Brutal.
Glad you enjoyed it!
I honestly think China might be better served by selling/shipping EV platforms that could be used by other automakers. Just like they have been doing for years wqith ICE vehicles. Create a solid platform foundation that includes EV motors and batteries that could be used to create cars, SUVs and crossovers.
China is coming to the US market via Mexico, BYD is setting up a manufacturing there
Demand lower prices = deflation.
Demand lower prices = no more overcharging and rip offs
2:51
" (The) The Chinese government will pay these automakers cash directly into their bank accounts for every single car that they sell in Europe they're being incentivized to do this," The statement may be outdated. The Kiel Institute for the World Economy, a think tank that advises the German government, said that China’s aid to domestic new energy vehicles amounted to roughly $5.6 billion until 2022 when the direct payments to manufacturers were phased out. The biggest beneficiary of China’s support scheme was BYD, which received $3.7B in direct aid from 2018 to 2022. In 2022 Tesla received about $426 million in direct subsidies from the Chinese government for cars manufactured at its Shanghai facility
@@kenbehrens5778 You are correct about the total subsidies. The statement at 2:51 referred to direct cash subsidies.
The extensive supply chain around each group of factories, sponsored by competing local governments, tax incentives, and cheap land, contributed to their success. Tesla also receives a great deal of incentives in Germany. Under the Automotive Industry Financing Program in the US, the Bush and Obama administrations allocated $80 billion in direct assistance to automotive firms to rescue them. They were too big to fail. The US needs a more substantial, funded industrial policy for NEVs.
Service, service service. If they fix replace etc cheaply, the sales will come.
I'll be worried when China makes something other than a 5m long E-class executive sedan. Or when they start taking their cars to the track to set records. Until then, the Volkswagen group is probably gonna be just fine. Maybe the low-end market segment will be overtaken.
Disposable EV cars from China.......that's really going to help the planet 😂
@@SWilford Of course I care about the planets I'm just not a Catastrophist like you, who wets themselves if they have to water their potted begonias
Whoever makes the big initial sales, (the S-curve turnover of ICE to EV) that’s going to kill anyone that isn’t competitive.
Once an EV is affordable, & purchased by someone that doesn’t buy new cars regularly, that potential car customer is closed off for further sales for 10+ years, because EVs last forever, and need little maintenance.
The Zeekr is going to give Tesla a real run for it's money, with premium performance for a cheap price. Bring it on. Many people need to see ICE parity to make a switch, as up to now it's for those who can afford one rather than the average Joe.
When a country can use slave labor to make their product they'll always have lower cost.
Sad excuse for being incompetent... The Chinese are just better at producing than any other country in the world... US and Europe have to come up with these stories to try to hide the fact that China has surpassed them
Brainwashed.
Why don't u add that they steal your technology, too?
When u can't swim with the best in competition, don't blame your swimming trunks .
This guy will not buy a tesla I am waiting for more selection and better competitive playing field in usa ,European buyers are a lot closer !!
Question is , do we want to stop them .
They are good quality and cheap .
If these Chinese cars prices are being set to the maximum, ie at equivalent to similar European brands or Tesla, then they can presumably drop the price to absorb the effect of tariffs that might be imposed on them in Europe, to a certain extent. And presumably if China retaliated with similar tariffs on European brands there would be less ability to cut prices while covering costs.
Sounds like an article is being read out loud.
This is what he does, read others articles.
Sam is a shill for the Firecracker Empire.
I would consider a Chinese-branded EV if Canada would import them.
Nio is king 😊😊
No crying over spilt milk! The UK barely has an automotive industry now. Why should it invest in a lost cause. The answer is surely to become the leader in other high skill technologies of choice.
IT WILL BE LIKE A WASHER OR FRIDGE ' 3 OR 4 MAIN PRODUCERS AND 50 DIFFERENT BADGES . ALL THE SAME PRODUCT WITH DOUBLE THE PRICE DEPENDING THE LABLE ON THE BADGE
Great video.
Thanks Mate!
China is a paradise for car designers. For all the car manufacturers worldwide, it's not to stop or beat any but failed itself.
I will never buy a Chinese made EV. My first EV will be a Tesla.
Tesla from CHINA OR GERMANY?
@@lambertgiang Thought my original post was definitive.
Not a problem. The quality isn't there. If you want to sell a F-150 for 60,000 and make a profit of 50,000 fine
China is polluting like crazy ... I lived there. Re-home manufacturing away from that country!
The lime green car is sweet.
Verry good
Thanks
No one could stop them.!!?
One of the most insightful pieces on future EV source country distribution ive seen to date. Spent 44 years engineering in big auto world wide and 15 years ago this was on the cards. I can remember when Honda and Toyota were regarded as novelty brands, so the road map of how to become the worlds biggest car manufacturer is already laid out for you. How bigger fool would you have to be to not take a long hard look at Toyota's road to success and better it with hindsight? Money? Skill? Determination? Long term planning? Exactly what part of the long term sociological conflict with Japan does not drive China's government for global domination in the auto industry at the expense of Japan through no matter how many life times it takes, taking out everyone else along the way as collateral damage, if they have to. And the thing is its you and me "the consumer" who will decide. Down the pub "Im never buying Chinese rubbish". Guess what you possibly are already, or at least a 50% of content. And remember the same back in the 70s just substitute "Chinese" for "Japanese" ill give you 5 years at the most, whats that I hear you say "best cars in the world a Totota" Yea right Chinese engineering, production and next if not already design have taken that crown, you just dont realise it yet.
total bollocks...
How much did Xi pay you for this long story full of shits? 😂
@@seouliteinmumbai7955 I dont need anyone's money, I invested in Tesla 10 years ago and have retired on the outcome and Im no fan of the CCP based on what Im fed. Politics aside I know my automotive business first hand and thats how I make my decisions. Is Xi Elons child with Grimes? Or have I got that wrong, as I say I only know engineering .............sorry.
Is BYD selling at a profit ?
Is BYD subsidized by the Chinese Government ?
To reduce gasoline usage, some cities in China offer a maximum subsidy of 72,000 RMB for Volkswagen electric vehicles, 33,000 RMB for Tesla cars, and 22,000 RMB for Li Auto vehicles. In China, the subsidies are provided to consumers for purchasing cars, not to car companies
Are you still going to do a Patreon update soon?
Mate, great video, but you've got cut that out that frog analogy at the end 😢
100% tariff on a 9k$ car means it’s 18k$ which half of price for an EV in the US. And again who pays for the Tariffs? The consumer or the company that ship cars to the USA?
No matter where you live, drive an electric car, please. If you can find a cheaper one, go for it. It is not about business. It is about saving our planet.
i think we just want a greener car without getting ripped off and having to mortgage the house .. bring it on 🙏 let market forces play it out ( called capitalism isnt it ? )
Every western country should apply significant tariffs on Chinese EVs to preserve their freedom. The Chinese are subsidizing their EV manufacturers because they want to bankrupt western automakers. This gives them the economic leverage to prevent retaliation when they invade Taiwan and blackmail other neighboring countries into submitting to demands for expanded fishing rights, etc.
The only thing that counts is the price.
When the Chinese hackers, ‘upgrade’ your software, with a ransom demand…… you’ll think differently.
I think the West has taken the Chinese Car Makers for granted. Like Elon Musk
was laughing, although years ago, when mentioned to him BYD. I just hope the
other US. & Eutope car makers can match the Chinese in technology, & style.
How come nobody was entitled to to stop European or Merican car maker's "overcapacity"? But instead they were forced to open up local markets to them
China did not open. The forced them to make joint ventures with local companies. And used those JVs to learn all the processes and tech, and then pass that to others in the industry in China. So the West gave over all their IP for a share of some profits for a few years.
Because Capitalism was never about having a level playing field.
Capitalism is about rigging the game and laughing while suckers still try to win!
If you're not cheating, you're not trying!
@@stephendaley266 Capitalism has many flaws. Thankfully, it is much better than all the other ways of organizing a civilization that humans have tried so far. Capitalism incentivizes people to be creative and contribute more to get more reward. In the process, they give their customers products and services. The world keeps getting better.
Humanity has been on an exponential learning curve for most of history. We are far enough up the curve that the pace of change is staggering. Hold on, because by 2030 we are going to see many amazing changes (keep an eye on the e/acc team as they rapidly iterate on core parts of society).
@vincewestin You are just mindlessly repeating Capitalist propaganda.
I hope you grow up someday and think for yourself.
Good luck with all that.
@@stephendaley266 I retired, so not much more growing. I am a happy capitalist. Life is awesome, and so is the USA. I thank God for his grace on us.
If the U.S. Government charges a tariff on cars, who gets the money? The U.S. Government or U.S. car manufacturers?
No one can stop China.