Musk says Chinese EV companies will demolish most legacy automakers
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- เผยแพร่เมื่อ 27 ม.ค. 2024
- Musk says Chinese EV companies will demolish most legacy automakers
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#chineseev #byd #tesla #europe #evnews
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I am driving Seal in Mongolia. Very very satisfied i have never seen this nice car in my 40 years of life. ❤❤❤
I'm in the Philippines, I'm waiting for BYD EVs to arrive
We bought a BYD Atto last week. I am really amazed how good it is. I have owned a Mercedes AMG and I know quality cars. The Atto is GOOD. Excellent shut lines, paint and very solid construction. And the price in Australia, wow, these cars are a good deal.
About to sell my ATTO 3, agree with your comments. I'm confident enough after 15,000km to replace it with a BYD Seal.
So Made in China is not bad now ?
Australia like so many U.S allies will do what it's told even at the expense of it's own economy.
If you sidle up to authoritarian dictatorships for short term trading gains, don't be surprised when one day you lose your sovereignty. Or you can save $10k on a car.
Ah yes, let's keep feeding the dragon, I'm sure it has the wests economic interests in mind.
The leaders are paid for
In Australia, people never think of buying a Chinese car, but after they own one, that will change their mindset, In Australia, the Great Wall utility pick up truck is taking over, and the LDV, MG, Geely, Haval, and the BYD is getting popular and so affordable and reliable,
BYD is the top seller in Thailand, and soon Indonesia, Malaysia and even Singapore. Indonesia market is huge, and all these emerging market can outset some of the sales in EU... they are moving very fast and change strategies fast. The USD20k will see huge competition in Asean countries, company like Neta, BYD, Chery, Geely, GAC will dominated there. They are forcing the Japanese car maker to raise their car price in these country.
And most of the world's growth in the future is expected to come from ASEAN and, more generally, the Global South. The legacy carmakers are toast, as they will be unable to compete in these crucial markets.
"Let China Sleep, for when she wakes, she will shake the world." Napoleon Bonaparte.
wrggg
Living in Thailand atm see BYD everywhere. They have BYD factory's here so avoid import duty tax. Most petrol stations have charging stations many more charging stations then in Australia. I really like the Seal design cool looking car.
If BYD sell EV cars in the USA, I would buy it instantly. I tried to buy a Toyota Sienna, but the salesmen said that its inventory is low. They offerred me 20,000 above manufacture suggested price with the manager said, "Take it or leave it". Then I wanted the cyber truck, but it has a long waiting list. So by the time my two favorites automobiles ready for me to purchase, I hope I have the option to buy BYD.
BYD have cracked the code. We have a BYD and TM3 both excellent vehicles. Just quietly though,... the BYD is my favourite. It's a great drive.
What happens when it breaks down? Who's going to service it and how far away?
BYD has a factory in California making electric buses for years now. Why can't they make their EV's here and avoid tariffs like Toyota, vw, BMW, honda, etc ?
The store's temporary request for a price increase is actually a trick they play, and their purpose is nothing more than to make more money. The better the car model is to sell, the more it will play this way. The reason is nothing more than consumers' eagerness to pick up the car.。This is stupid. Everybody hate this.
@@larryc1616 I still remember that CATL was going to open a battery factory, but it was opposed by American politicians, because in the minds of politicians, all Chinese products are national security threats.
I hope the Australian government doesn't impose massive tariffs on EV imports from China when the US tells them to.
the us government imposes tax on chinese cars so they can protect their own car companies. but australia doesn't have car industry, if australian government imposes tax on chinese cars, that means that the australian government just tax on it's own people.
There is no point as Australia has no automotive industry to protect.
The bargain between Australia and China means Australia buys Chinese manufactured goods, China buys Australian coal and iron ore at a premium. It's a deal that makes Australia rich but it has a Faustian element. To achieve it we had to sacrifice our own hard won manufacturing industry. Now it's gone we are locked in to the deal.
Kind of stupid for Australians to buy Chinese, but hey blame immigration instead.
Don't forget that Australia was the first country in the world to ban Huawei's 5G business.
It is likely that Australia will follow the USA and arbitrarily ban a Chinese product on the grounds of "national security".
nobody dictates the demise of your manufactorure industry, the Market dicates that@@jimgraham6722
BYD bought ships to transport their cars and have received the first one last month I think. This is going to change their cost... we will see.
"free markets" and "free competition" yeh right...
only when usa win
They shout out "free market"only when they have the tech advantages~
Maybe Chinese auto makers are playing a stealth game. In Europe there’s a big fuss about cheap Chinese cars flooding the market and trying to restrict them. By pricing high and selling low volumes they don’t look like a threat and concerns will fade.
Meanwhile they’ll set up dealer networks, get to understand the markets and prepare for volume sales. Then, when everyone is looking the other way they’ll lower prices to undercut legacy auto and seriously compete.
I concur. Chess Match.
Dont forget they are building eu factory in Hungary as well as biggest EU battery factory as well in Hungary. Prices could drop as soon as next year.
BYD had better employ you as their marketing CEO.🎉
I suspect there might be deeper reason Chinese cars are priced so much higher in Europe than in Australia and Thailand. If it were just BYD, sure you can say that's their chess strategy, but why do all other Chinese car makers doing the same? Xpeng, SAIC etc. they are all priced 2x compared to China prices for the same cars. I think there might be under the table deals with European legacy autos - BMW, VW, Mercedes - Don't kill us, let us survive in Europe, we will keep making BMW / VW/ Audis in China and export back to Europe.
If Chinese car sell lower price, they will be accused dumping, sell higher, still accuse them threatening the local market, nothing China do is right for the West . But when western cars occupy and flood the whole world, no single trade barrier are imposed on them, but if Chinese dare to compete with the West, then put up all the trade barriers against them, if that won't work, then ban them, sanction them! so called free trade don't apply to China, how hypocritical is the West!
I think there is also a stronger anti Chinese sentiment in Europe than elsewhere. Of course the dollar talks and if the Chinese can make their cars cheap enough then they will probably sell in numbers but for now Europeans are happy to do the patriotic thing and buy local brands.
Chinese brands have been keeping their prices high as they enter the European markets. Once their presence and dealerships/service centres are better established, they'll begin to compete in earnest with the local players. Most importantly, BYD's announced Hungary plant (no specific dates provided) is planned to produce 200k pa cars, giving it a domestic stronghold and avoid Chinese import costs (and potential risks of future import tariffs).
Even still, since commencing European sales in 2022, BYD sold 15,000 EVs in Europe in 2023;12,000 in the last four months of the year. By comparison, Tesla sold 15,000 cars in Europe annually after four full years.
🎯
Price is based on what people are prepared to pay in a particular market, regardless of what it costs to make. The only mechanism to bring prices down is to stop buying them.
Exactly
Chinese cars are garbage
I wish everyone was watching this podcast.
The problem isn't Chinese electric cars will "demolishing the competition." The problem is trade barriers. Where is the Free Market, defended in capitalism / globalization? Free Market only for one side, trade barriers/sanctions for the other side?
What do you mean? For example, there is never going to be a meaningful level of car exports from the USA to China.
Tesla is a US company that manufactures its cars in China. They sell on the Chinese market and send the profit to the USA. I am wrong? If you talk about GM and other brands, they do the same thing as Tesla. I call this Free Market/Globalization.@@tomtxtx9617
@@tomtxtx9617you got lot of western car in China it western government do not give to the people thay taxes the working people to give to the richest people that how western government work can not let people have cheap things
@@simonbarrett9568 In China you are largely getting Western nameplates put on a car made in China. That Buick or whatever isn't coming from the USA. Just the name.
here in brazil BYD cars are everywhere ....and we love them!
The USA is most likely to impose crippling import duties. They already do it on pickup trucks if not cars from some countries.
BYD has found two ways around this. Build in Mexico because then no tariff because of the USA, Mexico, Canada agreements and build plants outside of China. One is going up in Hungary and one is planned for Mexico.
US tariffs always hurt US consumers. Detroit and Harley have been protected so that they could go on to make high margin pickups and high margin hawgs and nothing much of value…..
Americans are broke anyways...
they refused to let Australia sell its cars like the Ranger and ford falcon
China has 25% vehicle tariff on US vehicle imports in addition to state-owned mining companies and continues government support that was in operation before China's entry into WTO.
Trade Barrier Index ORG for 2023. A lower tariff score has fewer trade barriers.
Canada's tariff score is 2.59 (CPTPP, USMCA)
Peru's tariff score is 2.86 (CPTPP)
New Zealand's tariff score is 2.8 (CPTPP)
Australia's tariff score is 3.03 (CPTPP)
UK's tariff score is 4.02 (CPTPP)
Japan's tariff score is 4.07 (CPTPP)
US's tariff score is 4.63 (USMCA)
Germany's tariff score is 4.93 (EU)
EU's tariff score is 4.93
China's tariff score is 5.69 (BRICS)
Russia's tariff score is 6.26 (BRICS)
Brazil's tariff score is 7.13 (BRICS)
India's tariff score is 8.42 (BRICS)
I think BYD is waiting for their new car ships to increase delivery in 2024, at the same time building new factories in Europe and Thailand around the world.
Their first roll roll ship already departed with 7k evs on board. The BYD and GWM plants in Thailand will be ready by year end to support the right hand drive market.
There are many shady stories behind, so BYD/Chinese have to built their own ships.
Sam, once again you have knocked the nail on its head, I live in China and in London and have spoken to BYD London and questioned their pricing strategy and they openly admit they have got it wrong. They are currently going through a sea change and are going to relaunch apparently making their car 10k less, particularly the Seal which only cost 24 k in China but 50k here in the UK. Ridiculous. I await with baited breath to see if this comes true
Who will buy a Seal for 50k and at the same time everybody knows you can buy it in China for 24k? This would be stupid
@@drontedronte Its also for China cars in my country,how they thing i will buy it if i can google price in China and see that same model with equipment cost 50% less there ,some even 100%.I know there is cost off shipping and 10% off import tax but i still thing is way 2 much.
@@drontedronte agreed
Is this byd's fault or UK tariffs?
就是要赚你们的钱，国内就是比较便宜
Maybe the current pricing strategy in foreign (non-Chinese) markets is a first step in a strategic plan to carefully build market share in foreign markets. By taking this approach the Chinese hope to avoid a strong protectionist reaction from auto manufacturing countries outside of China who would see a sudden spike in Chinese EV sales as an imminent threat to their domestic auto industries and overall economies.
Agreed. Chess not Checkers.
The crazy part is , these China ev cars sold outside of China ,are 70-80% more expensive than when in China.
@@MoCheng123 I think it’s because in China the only company turning a profit at present is BYD. The Chinese are confident that even at significantly higher prices than they are sold domestically they will still sell well in foreign markets versus the “competition” in those markets. And Chinese cars will become just as successful in those foreign markets for the very same reason they have become successful versus “the competition” in their domestic market. The Chinese offerings are just a better product…perhaps not nearly as good as Tesla, but certainly better than the offerings from all of the legacy automakers…with very few exceptions. Perhaps the Chinese manufacturers are selling at higher margins in these foreign markets to offset the razor thin margins they're earning in their domestic market.
Yeah，make sense.What I don't understand is why pricing in different "foreigh"countries differ very much from each, for example, I hear in Austrilia it's good but in UK quite bad@@cobra-judy-anspq11
There's nothing wrong with BYD's EV's whatsoever except the price, I emailed & phoned to get a closer look at the Atto3 & a test drive but the Mercedes dealership which BYD shares with never returned the call/email.
I got a MG ZS EV instead.
MG is owned by Chinese company. MG was British luxury sport brand.
Why is one of the most popular Chinese EV export .
New dolphin is 38k in Australia
Chinese cars are going to be dominant around the world regardless of what protectionist measures those countries put into place.
I will never buy a Chinese car. Not until China becomes a democratic country, quits killing citicens for their body parts, quits building coal fired power plants, opens their internet, frees the press, quits making their skies grey and poisoning their rivers. Love the Chinese people, and wish them well.
That's not how the western hemisphere works 😊❤
It is obvious that the Western Hemisphere is not a free market. It's too disappointing, there are trade barriers everywhere, more closed than the Soviet Union.@@DG-hw8it
wrggg
I guess they're trying to kill the baby in the cradle to make sure it never grows its legs and wings.
This is a region in the world where this is happening and it's not in China.
@@dyrectory_com Well exactly, the baby has been well nutured in China and it's now trying to reach for new waters where it's being suppressed.
May the best affordable, reliable products win. Forget tariffs, FREE MARKET ECONOMY!
While China may produce some outstanding car manufacturers, many others will die by the wayside or forced to merge or eaten up by others. China's advantage is its huge domestic market that serve as a battleground to produce a reliable product before going abroad.
I saw recently that the Chinese government is trying to force some consolidation. Having hundreds of auto manufacturers simply isn't sustainable - unless you have a high-profit niche - you need real volume/economies of scale to be profitable in the car market.
Pretty hard for me to say what should have been done! I can only tell You, that I do love to bits my BYD Seal Premium. I used to love my Atto 3 for a year too! In my opinion, in their own class -- they are the best vehicles we can buy here. I mean in AU. Nothing to complain about. If the world prefer Mercedes? Good on them. I will stay with my Seal! And be happy with it. That's how happy I am with it. Sorry Sam, if I'm disappointing You. Unfortunately, that's the way I feel. And, it is my belief -- I did buy My Seal at a very reasonable price. And it would not be the case with Mercedes! I think I do understand the look at the problem from the point of America or Germany. Fortunately, Aussies don't have much to worry? Griteengs Sam. Adam. Bye.
BYD in 2024 atarted selling their vehicles in Mexico, is heavily advertising (hello, Tesla) in social media and TV. The thing is that the prices for their vehicles are the same as Tesla due to tariffs that are imposed by the government as of now, but they are building a car factory locally and prices will go down. Chinese made products still have a bad reputation on the Mexican market but I am sure it would change in the future. Let’s see how it goes.
It will definitely change, similar to Indonesia, which was dominated by Japanese car brands for decades, but in recent years it has started to be accepted.
BYD chassis seem to be problematic. Bend and rust issues
@@MrBigbangbuzzThe true color of low quality steel in a brand name BYD???. Where else these hidden unsafe points in this car??
@@hoantran041975 Chinese mechanics have exposed issues .
You can google the rust issues , been a few complaints in Australia with the Atto 3
@@hoantran041975lmao tf you even saying “tran”ny
BYD as well as other Chinese auto companies need a mainstream and luxury division for selling their cars globally. If they can do that, they can definitely dominate more in the market.
My son from Germany was visiting me in Panama. We visited some car stores in a shopping mall. He was just blown away on how cheap full EV’s & hybrids were here. The problem is always the same in Germany. The government gives a couple thousand Euros to everyone who buys a “Eco” product. Heaters, solar or EV’s. Instead that manufacturers keep the prices “normal” they raise prices exactly to the government supplied “bonus” for buyers. The car magazines then advertise that 30,000 Euro for a 200km range EV would be a “steal of a deal” forgetting that the car is actually 37,500 Euro minus the “bonus” from the government. In Panama, a EV with a range of 430km is around $24,000! No bonus from the government. And yes. It’s always a Chinese company. And come on. Tesla is a car, put together by workers who use Chinese parts & technology. It is then sold as a US product.
In BYD defence, they're doing really good in a lots of countries especially developing countries. The only letdown is that the EV market in those countries have not yet taken off. Take my country Malaysia for example, BYD IS the best selling EV in Malaysia but due to the country's lack of EV infrastructure, it's EV market have not taken off yet, therefore they don't really sold much EV despite being the best selling EV brand in Malaysia.
there are no reason for malaysia to go all in into EV yet. Oil currently is still cheaper than electric unlike china u can save 98% of transport money by transfer from Oil into electric.
@@nagi-springfield93 not really. Yes Malaysia is considered one of the countries that has the cheapest oil, but still 2x more expensive compared to charging an EV full with AC in home
@@Rex-ww4cw But still its 20 times more expensive than china. In china 1 kwh only cost about 3sen(Rmb) during 11pm-7am but in malaysia 1 kwh cost around 35-50 sen(myr). Chinese consumer willing to switch to ev because the benefit is significant enough to convince them but in malaysia even tho ev transport cost might be cheaper than oil but the car alone is so much more expensive than ICE mobile.
@@nagi-springfield93 you literally said that oil is cheaper than electric in your first comments and I proved you wrong.
@@Rex-ww4cw lol you are dumb or what, im not even arguing about whether oil or electric is cheaper.
My first EV is going to be an MG4 X Power
In the UK the prices being asked for BYD cars means i wouldn't even bother to go and look at them , there are brands I am comfortable with in the same price bracket like Tesla, Kia & MG so why take chances, it doesn't matter if the car is made in China it just has to be priced right, thats why MG are doing so well
MG is now a Chinese brand 😢
MG is actually Chinese 🇨🇳 lol 😅
MG is Chinese owned!
The BYD Dolphin is similarly priced to the MG4 EV.
BYD # 1
Hello Sam Evans. You are completely right about BYD not having success with EV's outside of the Chinese market. Here in Brazil, BYD has a factory, yet its cars cost more than double what they cost in China. Just to give you an idea: the BYD seagul costs 22 thousand dollars, the BYD Seal costs 60 thousand dollars, BYD Dolphin 30 thousand dollars.And I think that even if BYD starts producing locally, for 90% of Brazilians, the electric car will be just a dream. Big hug.
Carlos - Brazil
Still, it's selling well
Best selling EV in Brazil and the market is growing, BYD has hybrids so transition is also catered to. BYD already successful in several markets despite only 1 year abroad
Unfortunately, you've made "electric car" synonymous with BYD. Care to rethink that equation? Because it's fundamentally wrong
Chinese cars are garbage
You sure its not the EV buss factory opening in 2015 you are talking about because as for the news a BYD vehicle factory in Brazil was the announcement of construction of the factory late last year in a previous Ford factory and that cant possible have been completed already.
Of course they will! What's happening to the automotive industry already happened to the electronics sector. Move all your production to the lowest cost hub and just slap your name on the end product. It won't matter if you by a Sony Afeela or a BYD they will all be made by robots and/or cheap labor in Asia and exported globally. It just makes economic sense with all the components needed already being made en masse in PRC...
Give it a bit of time. Eventually, Chinese EVs will be more affordable in EU & the US.
Just like the Japanese & Korean Stories😂😂
Exactly Sam forgets it took years for Japanese, Koreans and Tesla to make it big esp in Europe. BYD is blockbuster in several markets and only in its first year abroad!!!
I guess this will take longer because of geopolitics. Both the the Japanese and Korean car makers bow to the US, how want to sell in our market, buy our bonds. China, from my understanding is slowly off loading their US bond - that's my understanding, but do correct me if I'm wrong.
Another excellent comprehensive analysis of the current state of affairs.
You produce some of the best content on the electrification revolution available today.
Thank you, and continued success. ❤
That story with 22 VW ID6 in Hamburg is just the beginning….
BYD exports up 360% in 2023 its time you looked at the writing on the wall
🎯
Here in Brazil BYD is selling very well. Great cars cheaper than competitors
Zeekr making some killer cars
elon said that he official lose to chinese eV
Haha yes
Elon recently mentioned to Sandy Monroe that BYD would be #1 and tesla would be #2 in the future.
I do not know if Chinese cars are good or bad or somewhere in-between.. but if they listen to there market (mostly in china) they will in a few years work out the bugs if they have not already.
In China i think it is BYD has a car on Sodium Ion batteries.
I think if automakers do not push hard for a profitable EV line for themselves they will not survive the oh no we got to change years. right now they can live on there ICE cars but they better be building the EV lines or they will fail (I consider hybrids to be a ICE car)
He's probably right, if you subtract tariffs and possibly trade barriers for strategic reasons. But the likes of BYD, Chery and Geely (the three most likely to survive the culling of EV companies now being planned by the Chinese government) will likely have to go the route of local production to get market share, which means local factories in Europe, North America, South America and so on.
Good for the consumer.
Nice job on this report, Sam.
If China is not a success internationally, then why are they the world’s biggest auto exporters?
MG is doing very nicely in EUROPE. Have you thought about MG?
@@johnsmith-cw3wo only the badge is brits. Everything else is made in China.
The quality of MG is poor. Getting better but the old British mg and Chinese made ones are very different. @@johnsmith-cw3wo
I watched a very fair review of the BYD seal and the Model 3 and both cars were about
the same price, the reviewer at the end said he would buy the Tesla, and he
is 100% correct, here are 2 reasons why for me the Tesla wins,
Ride quilty and handling and I will bet you there are many more points I am missing.
BYD has a gear shift lever, turn signal stalk, instrument cluster screen, physical buttons, and much nicer interior. That’s enough to get my business.
I totally agree with you Sam. Chinese eV manufacturers, especially BYD need to cut prices in Europe to make eVs more affordable, otherwise they would not be able to compete with Tesla and other European automakers. BYD will be building an eV car factory in Hungary, and this should make their eVs much more affordable. However, this will take at least 12-18 months before the first eV rolls off the production line. In the meantime, BYD should drop their electric car prices in Europe by 15-20% to become more competitive.
China is already the world's no 1 auto export country sold 5+ million cars overseas in 23. As recent 3 years ago, it was just 1 million. thats a staggering 500% growth. I think the growth will continue in 2024 with much more export growth from EVs. The total export with be in in the 8 million ball park, making larger than Japan and Germany combined.
What about SAIC MG’s they do well in UK and have a lower price.
MG isnt bad, u should try , MG also available here in indonesia, but i really dont like their model, they try mimicking mercedes, in a weird way :D
MG is very good. Cheap and fantastic design and reliable and doesnt eat much fuel. And interior looks absolutely amazing.
I think they are a legitimate car manufacturer, they are like a sponge learning the western techniques and taking their products to the next level, so it inevitable its already started, the sheer amount off cars they can produce is staggering
BYD is doing well in export. They got increase of more than 360% compare with 2022. They can do better if they can access more shipping space. And they have a lot of room to reduce price for export, when you compare their domestic price
You hit a VERY good point. BYD bought their own SHIPS. Think about it ... if they are not serious about exporting, why would they buy RoRo ships of their own? And ... the RoRo fleet is mostly NOT owned by China, which means that it is subject to subtle manipulation and pressure from both the EU and the US. If you have your own ships, you have insight into the actual economics and a way to avoid being price-gouged.
Looking forward to seeing BYD in Canada; if we're too stupid to actually compete then we deserve what's going to happen. Magna could contract build a decent EV but Belinda doesn't seem to have the kind of vision her father had.
All I know is they need to set up shop in Mexico and get some JAC EV Trucks to California 🌴 ASAP pronto ! The world 🌎 needs them. It's a win for humanity. 🙌🖤❤️❤️🖤🙌
BYD has a gear shift lever, turn signal stalk, instrument cluster screen, physical buttons, and much nicer interior. That’s enough to get my business.
Sam, you nail it. Greetings from Thailand
Beware, BYD is huge in west in EV buses.
Chinese have the Russian market and central asia too. They are building a large port in Peru to ship there goods so soon they might dominate the south America too. China will bypass EU and US restrictions by selling in Mexico and Hungary.
Hungary is in the EU.
@@neillgowans4350 It's the one country that doesn't obey EU rules.
They are already no 1 in Brazil. They are building a plant there as well.
Very small markets compared to the USA and the EU. They won't sell many EVs there either, the infrastructure to charge is nonexistent.
@entropy5431 ev infrastructure is cheaper and simpler than ICE infrastructure. Also, home chargers exist.
Problem in Europe for BYD is the price. They are still unknown to the majority of people but try to charge more than local brands. Also, they have some problems with some of the EV fast chargers here which doesn't help.
Thanks!
Seagulls crapping all over legacy auto and then driving off
The same way he predicted covid will be over in 3 months? Or how we'd be in mars by 2020 or we'd have full self driving cars in 2020 with armies of robo taxis? 🤣
Sandy Monro in the past couple of years made the same claim citing BYD as a primary example.
They may try, however serious Import Tariffs are a certainty to protect US, EU & UK Motor manufacturing. It's not a case of, if but when. The clock is ticking. Which is why BYD is looking to build factories in the EU...
I think Chinese EV’s is gonna be a big headache for the legacy car makers in Europe and the USA 🇺🇸. But, Sam you’re right it hasn’t happened yet outside China 🇨🇳.
They will be an equal headache to Tesla. Remember a lot of people shop based on price.
@kensmith5694 I don't think they will sell very well in the US even at low price. Who's going to fix them when break?
@@joshuaupham5993 They could solve the repair issue by open-sourcing the information. Still I don't expect them to sell well.
China overtook Japan as world largest car exporter in 2023. All thanks to EVs
Meanwhile Toyota thinks there is little future in EVs. It would only make up 30% of car market 😂
EVs service and maintenance actually very little and low cost. As there are much less parts .
Zeeker 007 and Galaxy E8 are excellent cars. They have the potential to outsell model 3 in the markets they are in.
China can match America's Apple Tesla Boeing with - HuaWei BYD Comac
Thank you for not being a sinophobe. So rare these days.
I am hearing reports that China is investing heavily in the country of Mexico. Not a belt & road initiative, but a foot in the door to bring Chinese manufacturing to Mexico for exports to America. It may be easier to export EVs from Mexico to America and avoid tariffs (?).
Could similar tactics be achieved in other global regions? Would some small EU country want the jobs? Or, would Australia accept a BYD factory and other Cinese automakers to build EVs locally like it has in the past?
BYD working on plant in Hungary
If China invests heavily in Mexico and Latin America resulting in a better standard of living for those folks seems like that will benefit the US too.
@@davidrink1291 The way things are going it won't be too long before Americans will be moving to Mexico
@@davidrink1291 Even though US foreign policy is to deliberately supress development in the GS, if global development is good for China one would think the US could adjust their policies so they would benefit from that instead of keeping everyone poor.
@@ensteffo The citizens in the US are the new GS. That's the impression I get by how the elites run your country and the rest of the West. Feel free to prove me wrong.
GM used to sell well over 0.5 million cars a year in China…all ICE vehicles….this number will very soon be 0 and I don’t see them making up for that loss anywhere else in the world! One example of how legacy auto is facing its Kodak/Blockbuster/Nokia moment!
Yeah, GM did great in China until Chinese manufacturers started making better quality vehicles at lower costs.
Gmail and find will retreat to USA but also some Aussies will buy huge ICE vehicles
☆gm and Ford
The auto market of SE Asia in 2023 is the world's second-largest market after China, far ahead of US and EU. There are nearly 1-billion middle-class people in ASEAN which is now the world's 3rd biggest real economy, bigger than all of Western Europe. US automakers have disappeared in SE Asia, and I see Japanese car dealers closing monthly to be replaced by Chinese car dealerships whose cars are far better value and more reliable per consumers.
A few years ago musk was laughing at BYD... He is not laughing anymore....
Imo Geely and NIO make much better cars than BYD, too bad that BYD is entering the market everywhere.
Does he think these extra tariffs should be applied to chinese-made Teslas?
I've watched about 30 of your videos in the last 2 days. Thank you for your insight on everything from battery production BYD buying car plants of 20 cents on the dollar software integration in quality the speed a manufacturing the most important thing I've learned is that the quality stands on its own of these vehicles isn't an accident i don't but money to work meaning buying stocks without understanding most importantly in a car company Tesla stock is not a car company stock. It's a technology stock in my opinion from 0 to 100 a couple of days ago it would have been zero. Thank you for your insight The quality is there and I'm willing invest long term the execution is astounding in the quality cannot be denied at current price? 50.22
Learn this phrase and never forget it ...
"Belief is not Knowledge"
Yes, believe mean they don't know,
Thanks for unbiased reporting and being very factual. More respect to you.
😂
I think it's about transportation capacity and transportation cost. There is a hard limit on how many cars BYD can move to Europe. So they are mainly moving the expensive cars. The high cost of transport (and the US tariffs) make them even more expensive.
But they are building their own transport ships now. When they get operational, I think we will see a lot more BYD cars at better prices in Europe and the US.
that's one factor, but efforts at protectionism with tariffs are also clearly visible
@@agusedyanto3324 yes. Europe is apparently ambivalent about it. On the one hand they want to protect their automakers. On the other, they fear retaliation from China. European automakers stil have significant market shares in China they don't want to lose.
The US have made their position very clear with the 25% tariff as well as the $7500 support on american-made EVS.
What’s interesting is that the force behind the EU’s current desire to launch a so-called “subsidy investigation” on Chinese cars is mainly French car companies, while the opposition is German car companies, because French car companies have basically withdrawn from China due to failed marketing strategies, but More than half of Germany's Volkswagen Group's sales are in the Chinese market, and even more than 70% of car companies such as BMW, Audi and Mercedes-Benz, making them completely dependent on the Chinese market. Therefore, once the EU launches trade protectionism against Chinese automobiles, China will definitely retaliate, and the unlucky ones will be German automobile companies, which will even have a serious impact on the German economy.
A great in sight as usual many thanks
Glad you enjoyed it
My take in the UK. BYD are starting to be known, GWN ORA not so much. MG are flying out of the dealerships. The Geely group which includes Volvo, Polestar, Zeekr, Lotus and Smart are very much on the up. Will they catch Tesla no. Will they fight legacy auto to the death yes.
MG is a budget brand, if they cheap people will buy them. There is a nasty stench around Chinese products in general, people prefer to not buy Chinese. It is better hidden with Volvo and other brands that are Chinese owned but still manufacture in Europe.
@@entropy5431 Most are Chinese owned by the CCP However there are some exceptions, Tesla being zero owned by them and the Geely group of Volvo, Polestar, Zeekr, Lotus and Smart also manufactured in China mainly in partnership with other manufacturers as is my Smart #1 Brabus. 50/50 owned by Mercedes & Geely.
How many countries have the national charging infrastructure to support this? That's the side of the EV equation that takes all the time to get in place...not the cars.
There was a time where we wondered the same thing about the Internet and the network required in order to make it happen.
Some called it a fad.
That's why we still have rotary phones because we had no digital network so there was no point selling digital phones.
Of course the internet is a fad.
Six more months and it will be gone for good. 😃
@JohnJay-yd9hr internet won't make it, no infrastructure.
That's why TH-cam never got off the ground, they didn't have data capacity to store all the video.
Why do People think legacy car brands are sacred institutions? They’re businesses.
You are correct. I, for one, would NOT own a BYD. Tesla is my next car….when the model 2 comes out
Never seen a BYD in Canada and for some reason,I don’t think they would catch on.
Media in the US is the LAST PLACE FOR INFORMATION!
Never underestimate the long term success of Chinese government subsidizing Chinese companies. How many microwave ovens or any appliance are made outside China? Very few, and EV's are China's next focus.
@TheElectricViking I'm curious as to what the chinese Charging Network looks like. Can you do a video on the Charging Network China needs to charge all these EVs and who manufactures the chargers??? ‼‼❓❓
Beford 2019 Tesla was hardly heard of in Europe too, just a matter of time before BYD takes over as long as they master the customer service/warranty area which many will be skeptical about
So far the high tarrifs have stopped the Chinese EV disruption in the US. PoleStar is the only Chinese EV brand so far in the US market.
In countries where there is no protection Chinese cars are taking over Germans. They are really good and affordable.
Not only electric but ice too.
cant wait for my byd seal here in indonesiaaaaa, hoorayyy
NETA V is a Thai based EV company. Seen a few here in Thailand.
You are the most consistent in your predictions. I thought you were too optimistic, but your predictions are proving to be true. Keep up the good work.
I appreciate that!
Let cheaper than ICE EVs usher in the EV era... China makes the majority solar and wind turbines so it makes sense they will also dominate the EV market world wide.
Chinese don't get insulted. There is nothing about getting insulted.
Chinese is about continuous learning and improving.
4-5,000 years of evolution. It is about living up to the challenge of Nature.
There's nothing like high prices to drive customers away.
You are dead right Sam. UNTIL someone starts to compete on PRICE no one is going anywhere. (Tesla DOES compete on price). When the Japanese "stormed the beaches" in the 1970's I was in my teens and CHEAP >>> anything else. A new Datsun B210 was something my non-car-loving friends could AFFORD to both buy and fuel (oil crisis, remember!) when my Camaro cost a fortune to run at 12 mpg (those big Holleys sucked a LOT of gas). A girlfriend of that era had a first-gen Civic, which is so radically different from today's Civic.
Come the late 1990's and it was the Koreans turn, with ultra-cheap Rio and Elantra. 1972->1997: 25 years. 1997->2022: 25 years. NOW it will be the Chinese, global politics and pandemics permitting. If it wasn't for the EV revolution, the Chinese would be shipping cheap small ICE vehicles, the coming switch to EVs just changes the dynamic. But unless the US and the EU throws up a protectionist fence, China will become a major auto power.
And just like now in the 70s every attempt of American OEMs to compete with Toyota and Honda was a complete failure. The difference now is that it’s China not Japan and the vehicles are EVs. More and more it’s looking like Tesla will be the only American made EV company left standing that can compete in the mass market.
China for the win...😁👌
I will never buy a Chinese car… screw China !
Chinese cars are garbage
I think a brilliant move from BYD would be to acquire an unused European car brand name from whichever conglomerate owns it now. Triumph might be a good choice, if BMW is willing to sell the brand.
win win for everyone, affordable 1000+ km range EV, reduce fossil fuels
Part of the problem is Tesla is priced as a luxury vehicle...and it's not. Being electric is treated as being luxury but it clearly doesn't make a difference over an ICE vehicle. They are still not the better choice but eventually the will at least reach parity. Government brain washing is running rampant.
True
Clearly your clueless comment is an indication you are completely brainwashed.