many years ago when China cars couldn't enter European car market due to ruling of Euro 5, non were sharing tech with China. Now China makes the rule even tougher
Chinese government understood people need to breathe and they can afford having technology to force strict emissions requirements. The problem with legacy automakers is their EVs are heavy, expensive, inefficient, technologically not quite advanced. Besides the EV part of their business in China is insignificant vs ICE business. What will happen is South Korean auto manufacturers will be just fine; European manufacturers will focus on Europe and North America, American manufacturers will focus on North America, Japanese automakers will disappear, Chinese automakers will be in China,Africa,Latin America and Australia. Mark my words: Chinese automakers will not be prominent in Europe or North America any time soon. Conclusion: this is the end of globalization in auto industry not end of the world like video is suggesting.
China 6B emission regulation may seem difficult for non-hybrid ICEVs, but hybrid gas-electric vehicles can easily meet it. This is because hybrids use the engine less often, and only use the engine when it emits the least for a given amount of power. The most emission occur at idling and hard acceleration, and in a hybrid, there is no engine idling, and during hard acceleration, the battery and the e-motor assist the engine so that it doesn't have to work too hard.
Like in Japan and Europe these ‚too big to fail‘ companies have the arrogance to influence governments and lawmakers instead of adapt to better solutions. In EU only in the past Peugeot/PSA did everything to seriously clean Diesel cars but the market did not really appriciated. The idiots still where buying cars from fraudulant cheaters. Such as Toyota now who is mocking over our safety by cheating in crash tests. See money is more important than LIFE. That is the unsolved problem of hypocrites of humanities since Plato. So they ARE the PROBLEM and nowhere the SOLUTION. With that in mind I even understand that China wants to solve the pollution problem, where it is obvious but the most dirt comes from their vessels and container ships, so again and also here there are the old and always same hidden agendas in bad and good for LIFE!
@@trungson6604 Actually, many PHEVs do NOT get their promised emissions performance. Get ready for the next "DieselGate"...it will be "HybridGate" or "PHEVGate". Great Wall Motors already exposing BYD Hybrids.
China's emission regulation was thought to be unpractical so they ignored it, but things have changed way faster than they thought thanks to Tesla and BYD.
China is a communist country so anything can be bought, literally. Want to drive a polluting car? Pay an official and your exhaust has the smell of flowers. Officially at least.
Not unpractical dammit. They were stubborn and made the wrong bet on hydrogen and are still adamant hydrogen is .'The Solution' in the face of mounting evidence they missed the EV boat and now don't have the funds to play catch up while still pouring funds on the wrong horse.
@@paulstubbs7678 They should but instead, they are rewarded. The simple, polarizing and dramatic stories get Clicks & Views, which equals $$$. The rule is, NO stories that pressure people to pay attention to something that they do now want to think about (not until it's so dramatic that they can then make more money). Roger Ailes taught us the opposite lesson, focus on other people and their flaws.
Foreign media don't. Meanwhile in China (early this year) many car companies are offering HUGE discount for low-mid end cars (sometimes -30%) that won't pass the 6b standard.
I think that China is making a great move and that the same should be done all around the world. The money mongers don’t care about the life of others as long as the can profiteer on it. They will leave workers stranded, that is a crime. I hope governments police them so they take care of any worker that is laid off.
Another good example is when computer animation arrived and Disney discounted it sacking their employee John Lassiter. Who famously went on to found Pixar having got funding from a very shrewd Steve Jobs.
Because they forced them to stop selling them? Or did the transition happen naturally? Did maybe now people adopt cars as they got better and more suitable for mass market?
Peter Crossley's interpretation of why 'The Media' don't promulgate this information is spot on. You've only got to observe all the new vehicles ads still pushing ICE vehicles. Thank Goodness for the Internet and people like Sam.
I like your take on this Sam. China is playing the long game, and intends to dominate the world auto market, along with Tesla of course. They have their own desperate need to transition away from fossil fuels to EVs, and are using this to deliver a gut punch to legacy auto along the way.
I agree, I read a long time ago that China pretty much skipped the internal combustion era and concentrated very hard on electric instead. Maybe the auto industry is having their Kodak moment?!
Very interesting and I suspect a really good prognosis. It appears that the only Asian car manufacturer other than China that will survive this turmoil is the Hyundai/Kia consortium. They're putting out some really interesting and compelling EVs.
They are, but they're way overpriced at this stage. Kia and Hyundai's small SUV EV offerings cost almost as much as a Tesla Y and they're not even built on a dedicated electric platform. Meanwhile Chinese companies like MG, BYD and even GWM are moving in with dedicated electric platforms, with cool designs and awesome feature sets for much less.
@@yjs Not really though, Korean cars were selling pretty well in China until a couple years back, that's when Chinese cars caught up with Korean cars price/performance wise.
The market share of Korean-branded cars in China has fallen rapidly to 1 per cent from 8 per cent in the past, while South Korean brand EV has sold zero in China due to a lack of competitiveness. For years, even USA's traditional car companies have sold much better cars in China than South Korean cars.
At some point legacy auto CEO,s both in Europe and Japan will have to give statements and take question on the future of their business in China.. I cant wait.
In China the government is the only institution that is "To Big to Fail". Every institution or corporation, however big they are, that take risks with the future and lose won't be bailed out of their problems by the power of government to print or borrow money.
you are so wrong... if that would be case, incompetent government, we wouldn't have today this amazing EV and baterry tech flourishing there. Kudos to the smart gov there!
It used to be EU and US publishing new emission regulations that crushes auto industries in developing countries both domestically and export wise. Now it’s China’s turn, all the hate fuming out. How ridiculous those people are. China is really a mirror 😂
The CCP is the mafia. Like the mafia, it's controlled by different crime families. When you hear about a "crack down on corruption," it's one crime family fighting another one.
The legacy automakers were warned over and over and over again that stricter regulations were coming. The ever worsing situation over climate change and also the staggering pace of the cost + performance metric improvements in batteries and renewable energy all should have been very easy clues to read that status quo was simply not going to be a viable strategy going into the future. I feel for the employees of the legacy automakers, but feel no sorrow for their leadership teams nor shareholders.
"The ever worsing situation over climate change " what worsening climate change, we are in some of the coldest time of earth history and you think warming a problem?
@@markluhman8940 Massive Flooding, "Sunshine Floods" in Miami and many low lying islands that were here for a long time simply won't exist / be habitable in a few decades. Don't spew baloney...Erosion, Droughts, Floods, Fires, Fertilizer Runoff fueled Algae / Seaweed Blooms, etc. Humans do a piss poor job of recognizing their own self-destructive actions until too late.
I don’t know why Legacy auto makers are behaving this way. Exactly the same with Electrification. They keep on pumping out those ICE vehicles, completely ignoring the future deadlines here in Europe and elsewhere which forbid the sales of new ICE vehicles. Maybe they think they can threaten us all with a major recession and then governments change their mind. Appalling gamble, and something which is likely to come round and bite them in the bum (and pretty painful for ordinary folks too!)
They work on (at best) 5-year plans that are heavily focused on years one and two; Harvard MBAs are taught that it is OK to leave a mess for the "next guy". And shareholders don't want "value" in five years, THEY WANT IT NOW. So US corporations make very bad long-term decisions that prioritize short-term profits (why Elon wanted to go private). If China doesn't change on this it will likely trigger a global depression (NOT recession) which will hit the US harder than anywhere else.
it's costing much more, _way_ more, for the legacy automakers to produce EVs, than they are publicly letting on. It's well-known that right now only Tesla and BYD are making profits on selling EVs, but not so well known that the margins of some of their competitors are on the order of negative -100% or -200%. They have to keep selling ICE vehicles while they still can, to offset the bleeding on their EV side, and desperately buy time until they can figure out how to produce a car that can actually make a profit.
@@leeswecho Ford just recently announced a 3 billion dollar lose this year on EV add in the 5 billion they lost previous two years, by the time they are full EV company they will be billions in the hole. Most EV manufactures are losing money. Here a great marketing plan for you "Rivian, an EV maker backed by Ford and Amazon, reported a net loss of $1.71 billion in the second quarter of 2022 based on $364 million in revenue." For every dollar they took in they lost 4,600 dollars, now that substantiality.
I think that's the only explanation. They think that political pressure will get them out of the hole they've put themselves in. The big problem they now face is not legislation but the market. Tesla and BYD are now making a profit selling electric cars and projected prices for them in the near future are less than equivalent ICE cars. Remember ICE car prices have gone up a lot in recent years due to inflation. Also some high prices for EVs cannot be sustained much longer against Chinese competition - cars like the electric Vauxhaul Corsa, Fiat 500 and others are stupid expensive here in the UK. People need to see where this is headed.
Bribery and lying / DieselGate like software cheating. That's the playbook for European Automakers...US Automakers just blatantly bribing thanks to "Citizens United" legalize bribery for politicians. Time to get Term Limits and Campaign Finance Reform.
The biggest problem with 6B is that non-compliant cars produced before it was introduced have to be sold at a discount for a short period of time, which can have a negative impact on a company's brand image and profits.
Average American still pollutes 3X more than the average person in China. And America isn't the world's factory. So we need take our emissions reduction more seriously.
While you're correct in terms of the automotive industry, the bigger issue is the coal fired power stations they are building - 43 new ones to go with the over 1100 already operational. The polluting capacity of just one of those eclipses the typical car. Then again, I supposed there are volcanoes, wildfires, and the rest. One step forward, two back!
China doesn't car about anything but making money and dominating the world. You can be sure any regulations they make that appear environmentally based have an ulterior motive.
China doesn’t give a damn about emissions. They learned about modern production techniques, now they are killing off legacy car manufacturers. Japanese economy has been struggling for decades, now it will be recession and complete economical depression. Germany might have a chance.
The legacy automakers are too lazy and greedy to make any change. They betted on the possibility that China might delay the 6b regulation. What they didn't know is that's their last bet.
Regarding the emission limitations for cars in China as of 1st of July, and after 31st of December - what will they be? Will it be possible to "adapt" the emissions on ICE cars for the first 6 months? Or will it be possible to sell Hybrids (PHEV/EREV)? And what about from 1st of January 2024 - will Hybrid's still be allowed in China? I admit I would like to know a little more detailed information from you. After all, you are mine and many others most important source of information regarding EV's, Chinese Auto industry, etc. And thank you for that!
I recall back than the discussion was only hybrid (phev and hybrid) are possible to meet the standard. After the deadline if they don't conform to new emission will either ship to other market or scrap or disassemble for spare part.
What has caused all the problems and why all the automakers like BMW squealing about euro seven emissions standards is the option to cheat on them is not available anymore prior to that it wasn’t a big deal and they almost ignored them. And China has only recently got involved in these emissions controls and in earlier years, it was a free for all in China you could more or less build. What do you like and sell it
@@sufficetosay They certainly were thinking ahead with the i3, but for some reason sidelined it. I think BMW might have a bigger problem with their styling - this buck toothed grill caper seems to be a general turn off. What I read previously though is despite having good EVs on sale in China already, with considerable discounts, BMW's vehicles are not selling because at least in China, the local populace prefer to get something else.
@@ouethojlkjn As much as BMW likes to be a leader in automobile styling they may want to look at what the Chinese truly find appealing and tweak the look, even if it's just for that market.
@@truhartwood3170 yeah, it will also offer a basline for other regulatory bodies to assess how their local policy change. If im environment Canada, EPA, I will look closely how everything unfold.
It’s not just the big car brands that are going to go bankrupt it’s all the companies that supply them that will also struggle to survive. The knock on will put pension funds at risk. Anyone who has a pension should check where their money is being invested.
China does not have internal lobbyists to fight for ICE vehicles like in America lol... companies should have seen this coming way back in 2016... adapt and survive. May the best automaker win.
I drive a Nissan LEAF, which despite it's weak spot with batteries is a really fine car. It will be sad to see them suffer after having been a pioneer in EVs. It seems their finest hour was under Carlos Ghosn. Hope it's not too late, but they need to stop building ICE, for several different reasons, and go all in on EVs.
I still think despite CG is consider ruthless, he manage to turn Nissan around and make the alliance work. Right now, with him gone. im not so sure. And all charge against are just because coporate politic.
Presumably emissions (post production) relate to combustion cars which anyway must be phased out very soon due to the climate situation. Soon all cars will have to be near-zero (carbon) emission vehicles. We absolutely need to stop burning stuff. We have adequate technology to do this at this time. Combustion vehicles and power generation really should not be an option at this stage considering how long we’ve had alternative technologies
Auto manufacturer CEOs are incompetent and it’s surprising how little they know of global strategies. Below are a list of facts and a question at the end. I’m sure most people would be able to figure out the answer, yet the CEOs of the largest corporations can’t. 1. China is in serious financial trouble and if they don’t increase their GDP significantly soon, they will lose their global dominance if their financial system crashes. 2. China has access to the largest deposits of rare earth metals necessary for battery and EV production. 3. China has the largest car market in the world and any major auto manufacturer that loses its sales in China would collapse. 4. Chinese car manufacturers dominate the EV market in China. 5. The global elites have all jumped onto the environmentalism bandwagon and pro EV. There’s no turning back now. If you were the leader of China, what would you do to quickly accelerate GDP growth without pissing off the west? My answer: I would pass regulations that basically only allows EVs to be sold in China. It’s checkmate for western automakers. If they don’t produce EVs they lose the entire Chinese market. If they produce EVs they probably have to source materials from China for the batteries. Either way China wins and there’s not a single thing the west can say since this regulation falls right in line with their own agenda. I can’t possibly be the only one who sees this as obvious, right?
"1. China is in serious financial trouble and if they don’t increase their GDP significantly soon, they will lose their global dominance if their financial system crashes." Wrong. China's internal demand is still strong and it's not in any financial trouble anywhere near the trouble you have in the US and Europe with banks failing, credit crunch etc. China doesn't need to increase its GDP and it will still be the most important real economy even with current GDP growth rate. China didn't follow western central banks in this unprecedented raising of interest rates so now China doesn't have to deal with the mess that such an abrupt raise causes. Lastly, China's financial system crashes? 🤣🤣🤣 Western self-claimed experts have been saying that for over 30 years. Will it finally happen now? I highly doubt it. Europe and US will crash first and China would experience a mild slowdown for a while but that's pretty much it as the west loses its global dominance for good.
Even globalization could be turned back with protectionism in the name of de-risking, I would be surprised if the West couldn't come up with some outrageous reasons to turn back their support for EVs.
when comparing balance sheets, you should really remove the finance arms of the big automakers. they are basically acting like a bank with hundreds of billions of debt they use to finance buyers of their cars. It's fully secured and distorts comparisons to car companies without a finance arm.
Totally agree. Ford is in strong condition but Sam keeps on talking about F’s total debt. That ignores that most of the debt is simply car financing. While it may be possible that there will be defaults on that debt during a downturn, it’s not correct to say F is toast because of its debt. In fact, F’s EV investment is pretty impressive as is GM’s. Both of these companies are deep into the capital expenditure phase of their transition and EVs will not be profitable because of what are essentially startup costs. I like Sam. I don’t like his takes on debt, but I know he needs to put out a lot of content to pay bills so I am empathetic.
You are correct, but bear in mind you are recording an asset it’s only when you realise that asset that you book the loss on it. All sorts of financial institutions, including auto are carrying colossal debts that they haven’t realised and “pretending” they still have assets on their balance sheet. Just because you have a balance sheet showing 1 million cars worth $20,000 each that does not make it so until you sell them on.
Yes Sam glosses over a little but SMR explains the details. EV prices are going to keep heading down. The valuation of the used cars securing all this debt is already starting to collapse. When people get too far “underwater” with their car loans, a lot of them will chose to default. This will lead to the majors defaulting on the billions loans they borrowed to finance all those cars.
Great video. I did not understand the significance of this problem for the legacy automakers. It looks like 2024 could see the exit of a number of automakers from the global stage. As the sales drop investors wiĺl cash in their shares and commercial bankers could refuse to extend creditor. The banks might presure the governments to bail out some big legacy auto makers but the small ones would be toast.
Head in the sand syndrome. Big companies expecting governments to back down. But governments have no need to back down if they have an alternative to the legacy companies. Lazy and arrogant CEO's.
Lastly where does most of China electricity come from. coal great move people you go from clean ice emissions to dirty unfiltered coal plants. China skip scrubbers on their coal plants.
😂 there’s no such thing as clean ICE. Its still cleaner to charge your car from coal plant than it is to burn gas in an ice vehicle. The coal plants burns at a much more efficient rate then the extraction, processing, and burning of gas or diesel from oil, plus the methane burn from oil wells. I believe a study was done that proved a 30% less co2 from coal to EV than ICE.
The EV industry in China still will only make a max 20% change to their overall sustainable future... it will certainly help , but "Manufacturing, Building construction, Mining..." Industries are going to be the bigger challenge!
Congratulations on the new trade deal between Austrailia and the US for critcal minerals. In time this will help reduce battery costs and help incerase the production of mass market EVs.. Job well done!
China 6B emission regulation may seem difficult for non-hybrid ICEVs, but hybrid gas-electric vehicles can easily beat it. This is because hybrids use the engine less often, and only use the engine when it emits the least for a given amount of power. The most emission occur at idling and hard acceleration, and in a hybrid, there is no engine idling, and during hard acceleration, the battery and the e-motor assist the engine so that it doesn't have to work too hard.
These companies need to export those 2 million IMMEDIATELY Surely this is a better option than letting them rust in a field. This must be the easiest solution. Why aren’t they doing it? There are lots of countries in the world where these cars would be sold easily?
@@mainmusik3677 Most of Europe is left hand side, as is most of West Africa, as is South America. Better to sell overseas at a discount than let the cars rot?
@@johnfrancis4401 Definitely that is a great solution to export the cars to those countries , especially africa and south america where the regulation is not strict like Europe
I heard that Toyota has a lot of money. Even more than Tesla? They have big plans for electric cars now. But the really BIG question now is what happens to the economy in USA 1.June, which could have huge implications all over the world. That would for sure hit the car industry.
What I don't understand is how these legacy automakers have so much debt? It's blatantly obvious they're doing something horribly wrong.. and have been for a decade to amass that much debt!
Why is it so hard for Western car manufacturers to comply with these emissions regulations? They have been making cars with advanced engine management systems and catalytic converters for over a decade. Are they just making cars without catalytic converters for China because it's cheaper and they thought they could get away with it? I'd like to know more about what is actually going on here in terms of the technical issues involved.
I think one reason is that they have "never" needed to comply before. In Europe they have been able to postpone new emission regulations, since automakers are so vital for many big European countries. And never forget Diesel-gate, although Volkswagen was far from the only company that cheated. But now its China setting the rules, and those are near impossible to postpone. For a foreign company = impossible
Cold starts & open loop engine operation until operating engine temp allows for closed loop operation produces a LOT of air pollution when you are talking about millions of ICE vehicles.
The same will happen with Euro 7 if they can hold their nerve, at the end of the day they gave the e fuel concession so no one can complain, but yet they are.
You missed an important part in that article though.. “After studying some additional documents from MIIT, I think, despite the announcement of the government body sounding strict, it is basically what car dealers were lobbying for. It is a postponement of the GB18352.6-2016 standard without postponing it, as many of the ICE cars in stock should have no problem with RDE. So everybody will be happy, and nobody will lose face” They wont be unselable, but certainly less popular.
The greens in Germany (as all parties) are highly dependent on taxes and low unemployment rates. If the car Industry goes bankrupt it means none of there cost intensive projects are possible any more...
Many in China will look to purchase an EV anyway. They are making the price so cheap for some models. These car companies need to advance with the time.
I don't think that there really will be many problems. Most cars already comply with China 6B, the lab test part. New in 6B however, is the requirement to meet certain Real Driving Emissions (RDE). This requires homologation and a test under strict conditions on the road. Manufacturers were given the option to register cars that comply with the lab test, but haven't undergone RDE homologation yet as "monitoring only". The backlog of 2 million cars we're talking about are these "monitoring only" cars. They can now be sold until the end of the year. By then all manufacturers must have their homologations in order.
unload em all at price you get more than scrapping would... would kill ev sales for the rest of the year and you can spin that as PR that EV is dead :p
Whether or not that's what the automakers mean to do, that will be a definite effect. However, what we're seeing is that Chinese buyers are still gobbling up EVs while the piles of massively discounted ICE cars are growing, not shrinking.
Because of the way it is governed China can take very long term strategic decisions. The western car companies have taught them how to make good cars and now they are no longer needed. Can’t blame China. Unfortunately western governments are too focused on the next election. Making news at the moment is the absolute reliance on Taiwan for state of the art silicon chips. It would seem that those same western governments are leading us down the same path in that area as well. Trouble ahead.
No problems with the excess cars and what to do with them. Shove them on a ship and send them to Australia. Australia's low emissions standard guarantees delivery.
I would think most of Toyota's hybrids would meet the new emissions standards. So I don't think they are as up the creek as the VW group. But if no one is buying what you sell makes little difference. At least they can't use Australia as a dumping ground because of our non existent emissions standards. It's not often I think being a RHD country is a good thing.
AFAIK most (but not all) of Toyota's hybrids meet the standard without modification. A few models would require additional emission filters to meet the new standards.
Not talking on CO2 emissions, Just imagining the quality of the air we breathe if majority of the vehicles we drive are EVs & the cut in healthcare costs.
As observed Chinese people don’t really use their cars - they are a status symbol taking up their parking space in their basement car park - cars are kept clean and are usually an Audi saloon or high end SUV
No matter what we desire there is not enough battery production to go BEV completely. But it does surprise me the auto makers in China haven't met these rules - a level of incompetence? Or is there back door politics going on to force out the non Chinese partners and take full control of the production. CEOs get paid big money to make the right moves, but I suspect a lot of investment in China is down the drain, much like Russia.
Well... export the cars you can't sell in China. It is almost certain that the cars they make in China are the cheapest production cost vehicles of any of their plants anyway. So sell your ICE vehicles to the rest of the world (at good prices), which won't be moving so fast to restrict them. In fact there will be huge markets world wide for ICE vehicles for many years yet. Most of the Global-South, and oil producing countries, are not going to be moving to electric any time soon.
Add in that Ford recently announced that they will this year lose 6 billion their EV that on top of the 5 billion they lost in previous 2 years. Why are you not talking about that.
Viking. I don’t hear anyone refuting what you are saying and yet it doesn’t quite make sense as it the uk cars are sold after long waits to buy. There are no such stockpiles here. Puzzling.
I'm a little surprised about Nissan, in that they were the first to mass-market a production EV. (The Nissan Leaf) They now have the Aryia, which is well worth looking at. The others, like Mazda and Mitsubishi have dabbled in EV, but have never taken it seriously, may indeed fade into obscurity. I don't know about Subaru or Toyota, though I suspect they have something in the works.
There is a separate system regulate power plant emissions. And more importantly, they asking for efficiency of the powerplant as well. not all power plants are equal. Even for coal fire power plant have significant diffent on how dirty they are. All fire power plant being built im China are all using supercritical boilers.
I think this is the channel if your interested in ev. The electric viking is the only one who stays honest. He isn't trying to sell you something. He just gives you the facts and let's the chips fall where they may. I wish there were more like him. I ask that everyone reading this put this man and his family in there prayers. His wife is ill and fighting cancer. They can use all the prayers and good wishes we can give them. All of them are struggling when 1 of them is sick. I'm sending every good thought and wish I have. Keep the good fight mate! We believe in you and yours and ask that God lift this illness from your wife forever! We ask that all pain be lifted and in its place love be planted and allowed to grow and prosper. We know through you God everything is possible. We deplore you to rid this women of cancer and cast its doubt out of this family's lives. Forever to be gone, forever to be filled with your love. So it shall be in your name God that evil was dispossed and castout. And in its place your love and graces allowed to heal all that has wrongfully inflicted this gift to our planet and its peoples. We ask God that you never let hope leave there sides. We know through you all things are possible and nothing is permanent or without change. In love and in God we pray you cast this illness out and all the doubt that has come with it. We ask that u never allow hope to exit there realities. We ask that you lift there pain and fears. We know your love has no limits and your authority is all empowered without exception. God we ask you to heal this family from all the ills this cancer has created. With God all is possible. Lord God, take this evil and it's doubts away never to return again. In God we pray. Amen
As usual, the underdeveloped countries will pick up the slack for the 1st world. Where I live in South America people don't know about EVs. You cannot purchase one here.
many years ago when China cars couldn't enter European car market due to ruling of Euro 5, non were sharing tech with China. Now China makes the rule even tougher
thats because chinese cars were hot garbage at the time.
Euro was always about trade barriers.
@@jebes909090and now the German EVs are hot garbage.
Chinese government understood people need to breathe and they can afford having technology to force strict emissions requirements. The problem with legacy automakers is their EVs are heavy, expensive, inefficient, technologically not quite advanced. Besides the EV part of their business in China is insignificant vs ICE business.
What will happen is South Korean auto manufacturers will be just fine; European manufacturers will focus on Europe and North America, American manufacturers will focus on North America, Japanese automakers will disappear, Chinese automakers will be in China,Africa,Latin America and Australia. Mark my words: Chinese automakers will not be prominent in Europe or North America any time soon.
Conclusion: this is the end of globalization in auto industry not end of the world like video is suggesting.
@@JAM_2024 That's pretty much true. My buddy is a tech at MB...the EVs are a mess.
China announced this in 2016. It's those car manufacturers' fault for not complying despite a 7 year margin.
China 6B emission regulation may seem difficult for non-hybrid ICEVs, but hybrid gas-electric vehicles can easily meet it. This is because hybrids use the engine less often, and only use the engine when it emits the least for a given amount of power. The most emission occur at idling and hard acceleration, and in a hybrid, there is no engine idling, and during hard acceleration, the battery and the e-motor assist the engine so that it doesn't have to work too hard.
Like in Japan and Europe these ‚too big to fail‘ companies have the arrogance to influence governments and lawmakers instead of adapt to better solutions. In EU only in the past Peugeot/PSA did everything to seriously clean Diesel cars but the market did not really appriciated. The idiots still where buying cars from fraudulant cheaters. Such as Toyota now who is mocking over our safety by cheating in crash tests. See money is more important than LIFE. That is the unsolved problem of hypocrites of humanities since Plato. So they ARE the PROBLEM and nowhere the SOLUTION. With that in mind I even understand that China wants to solve the pollution problem, where it is obvious but the most dirt comes from their vessels and container ships, so again and also here there are the old and always same hidden agendas in bad and good for LIFE!
@@trungson6604 Actually, many PHEVs do NOT get their promised emissions performance. Get ready for the next "DieselGate"...it will be "HybridGate" or "PHEVGate". Great Wall Motors already exposing BYD Hybrids.
China's emission regulation was thought to be unpractical so they ignored it, but things have changed way faster than they thought thanks to Tesla and BYD.
China is a communist country so anything can be bought, literally. Want to drive a polluting car? Pay an official and your exhaust has the smell of flowers. Officially at least.
Not unpractical dammit. They were stubborn and made the wrong bet on hydrogen and are still adamant hydrogen is .'The Solution' in the face of mounting evidence they missed the EV boat and now don't have the funds to play catch up while still pouring funds on the wrong horse.
No, they ignored it for their own cars, just FOREIGN cars. Sucks to be them if America decides to be smart and continue to NOT buy EVs.
@@billcichoke2534 Whatever if America wants to be left behind it's their choice. China, Europe and the rest of the world are quickly going electric.
@@billcichoke2534 Americans don't buy EV's because we're willfully stupid, not smart.
Why are you surprised that the media don’t report? It’s called advertising revenues.
Which means those media organisation should get the same as the failing legacy auto makers
Just wait till Tesla starts advertising. News will change more than when he bought Twitter.
@@paulstubbs7678 They should but instead, they are rewarded. The simple, polarizing and dramatic stories get Clicks & Views, which equals $$$. The rule is, NO stories that pressure people to pay attention to something that they do now want to think about (not until it's so dramatic that they can then make more money). Roger Ailes taught us the opposite lesson, focus on other people and their flaws.
Foreign media don't. Meanwhile in China (early this year) many car companies are offering HUGE discount for low-mid end cars (sometimes -30%) that won't pass the 6b standard.
I think that China is making a great move and that the same should be done all around the world. The money mongers don’t care about the life of others as long as the can profiteer on it. They will leave workers stranded, that is a crime. I hope governments police them so they take care of any worker that is laid off.
Seems like business as usual for companies in my opinion. If they do not comply oh well let them fade away....
Like VW they can just adjust the computer to pass the emissions laws
I bet the horse traders had this problem around the 1900s when everyone switched over from horse to cars.
Another good example is when computer animation arrived and Disney discounted it sacking their employee John Lassiter. Who famously went on to found Pixar having got funding from a very shrewd Steve Jobs.
Wrong! China changed to bicycle first!
Plenty of unemployed horses overnight
@@kelsey_roy they ate the horses and sent the parts to glue factories. Meat was cheap for 2-3 years.
Because they forced them to stop selling them? Or did the transition happen naturally? Did maybe now people adopt cars as they got better and more suitable for mass market?
Peter Crossley's interpretation of why 'The Media' don't promulgate this information is spot on. You've only got to observe all the new vehicles ads still pushing ICE vehicles. Thank Goodness for the Internet and people like Sam.
China having tight emissions regulations is a fricking good thing!!
Anyone who says otherwise is....silly.
And oh, screw the legacy automakers.
I like your take on this Sam. China is playing the long game, and intends to dominate the world auto market, along with Tesla of course. They have their own desperate need to transition away from fossil fuels to EVs, and are using this to deliver a gut punch to legacy auto along the way.
I agree, I read a long time ago that China pretty much skipped the internal combustion era and concentrated very hard on electric instead. Maybe the auto industry is having their Kodak moment?!
Tesla - you have to be joking - only 'fan boys' think like that.
tesla dug its own grave when they built a plant in china.
@serriajohn The only problem is the hydrogen cars are fantasy land currently.
China doesn’t give a f..k about the environment!!!
Very interesting and I suspect a really good prognosis. It appears that the only Asian car manufacturer other than China that will survive this turmoil is the Hyundai/Kia consortium. They're putting out some really interesting and compelling EVs.
They are, but they're way overpriced at this stage. Kia and Hyundai's small SUV EV offerings cost almost as much as a Tesla Y and they're not even built on a dedicated electric platform.
Meanwhile Chinese companies like MG, BYD and even GWM are moving in with dedicated electric platforms, with cool designs and awesome feature sets for much less.
The Chinese market hates Korean cars though…
Their EV’s are good but currently really small volume. They serious need to ramp up to have much impact.
@@yjs Not really though, Korean cars were selling pretty well in China until a couple years back, that's when Chinese cars caught up with Korean cars price/performance wise.
The market share of Korean-branded cars in China has fallen rapidly to 1 per cent from 8 per cent in the past, while South Korean brand EV has sold zero in China due to a lack of competitiveness.
For years, even USA's traditional car companies have sold much better cars in China than South Korean cars.
At some point legacy auto CEO,s both in Europe and Japan will have to give statements and take question on the future of their business in China.. I cant wait.
all German brands have EV plants under construction in China. Expect to see their new EV models by 2025.
@@blue-xb1cq We have EV's of cars and suv's at our BMW dealership and they are pretty awesome.
@@blue-xb1cq Too little...too late. Europeans are going to lost their arses.
In China the government is the only institution that is "To Big to Fail". Every institution or corporation, however big they are, that take risks with the future and lose won't be bailed out of their problems by the power of government to print or borrow money.
Unlike other Western countries, the Chinese government serves ordinary people, not big companies.
Westerner seeing China through a western lens.
you are so wrong... if that would be case, incompetent government, we wouldn't have today this amazing EV and baterry tech flourishing there. Kudos to the smart gov there!
It used to be EU and US publishing new emission regulations that crushes auto industries in developing countries both domestically and export wise. Now it’s China’s turn, all the hate fuming out. How ridiculous those people are. China is really a mirror 😂
The CCP is the mafia. Like the mafia, it's controlled by different crime families. When you hear about a "crack down on corruption," it's one crime family fighting another one.
The legacy automakers were warned over and over and over again that stricter regulations were coming. The ever worsing situation over climate change and also the staggering pace of the cost + performance metric improvements in batteries and renewable energy all should have been very easy clues to read that status quo was simply not going to be a viable strategy going into the future. I feel for the employees of the legacy automakers, but feel no sorrow for their leadership teams nor shareholders.
"The ever worsing situation over climate change " what worsening climate change, we are in some of the coldest time of earth history and you think warming a problem?
@@markluhman8940 Massive Flooding, "Sunshine Floods" in Miami and many low lying islands that were here for a long time simply won't exist / be habitable in a few decades. Don't spew baloney...Erosion, Droughts, Floods, Fires, Fertilizer Runoff fueled Algae / Seaweed Blooms, etc. Humans do a piss poor job of recognizing their own self-destructive actions until too late.
I don’t know why Legacy auto makers are behaving this way. Exactly the same with Electrification. They keep on pumping out those ICE vehicles, completely ignoring the future deadlines here in Europe and elsewhere which forbid the sales of new ICE vehicles. Maybe they think they can threaten us all with a major recession and then governments change their mind. Appalling gamble, and something which is likely to come round and bite them in the bum (and pretty painful for ordinary folks too!)
They work on (at best) 5-year plans that are heavily focused on years one and two; Harvard MBAs are taught that it is OK to leave a mess for the "next guy". And shareholders don't want "value" in five years, THEY WANT IT NOW. So US corporations make very bad long-term decisions that prioritize short-term profits (why Elon wanted to go private). If China doesn't change on this it will likely trigger a global depression (NOT recession) which will hit the US harder than anywhere else.
it's costing much more, _way_ more, for the legacy automakers to produce EVs, than they are publicly letting on. It's well-known that right now only Tesla and BYD are making profits on selling EVs, but not so well known that the margins of some of their competitors are on the order of negative -100% or -200%. They have to keep selling ICE vehicles while they still can, to offset the bleeding on their EV side, and desperately buy time until they can figure out how to produce a car that can actually make a profit.
@@leeswecho Ford just recently announced a 3 billion dollar lose this year on EV add in the 5 billion they lost previous two years, by the time they are full EV company they will be billions in the hole. Most EV manufactures are losing money. Here a great marketing plan for you "Rivian, an EV maker backed by Ford and Amazon, reported a net loss of $1.71 billion in the second quarter of 2022 based on $364 million in revenue." For every dollar they took in they lost 4,600 dollars, now that substantiality.
I think that's the only explanation. They think that political pressure will get them out of the hole they've put themselves in. The big problem they now face is not legislation but the market. Tesla and BYD are now making a profit selling electric cars and projected prices for them in the near future are less than equivalent ICE cars. Remember ICE car prices have gone up a lot in recent years due to inflation. Also some high prices for EVs cannot be sustained much longer against Chinese competition - cars like the electric Vauxhaul Corsa, Fiat 500 and others are stupid expensive here in the UK. People need to see where this is headed.
Bribery and lying / DieselGate like software cheating. That's the playbook for European Automakers...US Automakers just blatantly bribing thanks to "Citizens United" legalize bribery for politicians.
Time to get Term Limits and Campaign Finance Reform.
Legacy automakers really don't get it. The people are demanding unpolluted air and governments are responding.
The biggest problem with 6B is that non-compliant cars produced before it was introduced have to be sold at a discount for a short period of time, which can have a negative impact on a company's brand image and profits.
It has already happened to some French brands.
It also absolutely crashes the used values. Existing owners who paid full price a year ago will be very unhappy.
Its communism at it's finest. They don't actually care about global warming.
@@Dave5843-d9m Agree, but perhaps they should have followed the news from The Electric Viking? :))
@@knuth.nyhagen82 lol
Seems like it's quite a serious problem but on the other hand good that China seems to be taking their emissions reduction seriously.
Average American still pollutes 3X more than the average person in China. And America isn't the world's factory. So we need take our emissions reduction more seriously.
While you're correct in terms of the automotive industry, the bigger issue is the coal fired power stations they are building - 43 new ones to go with the over 1100 already operational. The polluting capacity of just one of those eclipses the typical car. Then again, I supposed there are volcanoes, wildfires, and the rest. One step forward, two back!
China doesn't car about anything but making money and dominating the world. You can be sure any regulations they make that appear environmentally based have an ulterior motive.
China doesn’t give a f..k about reducing emissions or the environment !!!
China doesn’t give a damn about emissions. They learned about modern production techniques, now they are killing off legacy car manufacturers. Japanese economy has been struggling for decades, now it will be recession and complete economical depression.
Germany might have a chance.
The legacy automakers are too lazy and greedy to make any change. They betted on the possibility that China might delay the 6b regulation. What they didn't know is that's their last bet.
Regarding the emission limitations for cars in China as of 1st of July, and after 31st of December - what will they be? Will it be possible to "adapt" the emissions on ICE cars for the first 6 months? Or will it be possible to sell Hybrids (PHEV/EREV)? And what about from 1st of January 2024 - will Hybrid's still be allowed in China? I admit I would like to know a little more detailed information from you. After all, you are mine and many others most important source of information regarding EV's, Chinese Auto industry, etc. And thank you for that!
I recall back than the discussion was only hybrid (phev and hybrid) are possible to meet the standard. After the deadline if they don't conform to new emission will either ship to other market or scrap or disassemble for spare part.
What has caused all the problems and why all the automakers like BMW squealing about euro seven emissions standards is the option to cheat on them is not available anymore prior to that it wasn’t a big deal and they almost ignored them. And China has only recently got involved in these emissions controls and in earlier years, it was a free for all in China you could more or less build. What do you like and sell it
@@ouethojlkjn BMW is good to go on the EV front. They are ahead of the game imo.
@@sufficetosay They certainly were thinking ahead with the i3, but for some reason sidelined it. I think BMW might have a bigger problem with their styling - this buck toothed grill caper seems to be a general turn off. What I read previously though is despite having good EVs on sale in China already, with considerable discounts, BMW's vehicles are not selling because at least in China, the local populace prefer to get something else.
@@ouethojlkjn As much as BMW likes to be a leader in automobile styling they may want to look at what the Chinese truly find appealing and tweak the look, even if it's just for that market.
It will be interesting to see what happens in the next 6 months. Watching closely.
The dominoes will take a few years to fall, but the next 6 months will sure give us a good idea of how many, how hard, and how fast they'll fall.
@@truhartwood3170 yeah, it will also offer a basline for other regulatory bodies to assess how their local policy change. If im environment Canada, EPA, I will look closely how everything unfold.
It’s not just the big car brands that are going to go bankrupt it’s all the companies that supply them that will also struggle to survive. The knock on will put pension funds at risk. Anyone who has a pension should check where their money is being invested.
THIS should be headlines in mainstream media!!! The reason it's not=Legacy auto is their #2 ad revenue source!! Horrible.
Horrible!!! I don't see away out for legacy auto companies.
Keep up the great work!
Isn't this is the Green world that everyone are preaching?
China does not have internal lobbyists to fight for ICE vehicles like in America lol... companies should have seen this coming way back in 2016... adapt and survive. May the best automaker win.
I drive a Nissan LEAF, which despite it's weak spot with batteries is a really fine car. It will be sad to see them suffer after having been a pioneer in EVs. It seems their finest hour was under Carlos Ghosn. Hope it's not too late, but they need to stop building ICE, for several different reasons, and go all in on EVs.
I still think despite CG is consider ruthless, he manage to turn Nissan around and make the alliance work. Right now, with him gone. im not so sure. And all charge against are just because coporate politic.
Get Carlos Ghosn back to helm
❤😂 no one is talking about this . Awsome work🎉
Thanks Mate!
Presumably emissions (post production) relate to combustion cars which anyway must be phased out very soon due to the climate situation. Soon all cars will have to be near-zero (carbon) emission vehicles. We absolutely need to stop burning stuff. We have adequate technology to do this at this time. Combustion vehicles and power generation really should not be an option at this stage considering how long we’ve had alternative technologies
The EV craze is political not consumer driven.
Meanwhile in Australia, we are still on Euro 5 and only now releasing a discussion paper on Euro 6…
Auto manufacturer CEOs are incompetent and it’s surprising how little they know of global strategies. Below are a list of facts and a question at the end. I’m sure most people would be able to figure out the answer, yet the CEOs of the largest corporations can’t.
1. China is in serious financial trouble and if they don’t increase their GDP significantly soon, they will lose their global dominance if their financial system crashes.
2. China has access to the largest deposits of rare earth metals necessary for battery and EV production.
3. China has the largest car market in the world and any major auto manufacturer that loses its sales in China would collapse.
4. Chinese car manufacturers dominate the EV market in China.
5. The global elites have all jumped onto the environmentalism bandwagon and pro EV. There’s no turning back now.
If you were the leader of China, what would you do to quickly accelerate GDP growth without pissing off the west?
My answer: I would pass regulations that basically only allows EVs to be sold in China. It’s checkmate for western automakers. If they don’t produce EVs they lose the entire Chinese market. If they produce EVs they probably have to source materials from China for the batteries. Either way China wins and there’s not a single thing the west can say since this regulation falls right in line with their own agenda.
I can’t possibly be the only one who sees this as obvious, right?
You lost me when you mentioned “global elites” - conspiracy theorists.
"1. China is in serious financial trouble and if they don’t increase their GDP significantly soon, they will lose their global dominance if their financial system crashes."
Wrong. China's internal demand is still strong and it's not in any financial trouble anywhere near the trouble you have in the US and Europe with banks failing, credit crunch etc. China doesn't need to increase its GDP and it will still be the most important real economy even with current GDP growth rate. China didn't follow western central banks in this unprecedented raising of interest rates so now China doesn't have to deal with the mess that such an abrupt raise causes.
Lastly, China's financial system crashes?
🤣🤣🤣
Western self-claimed experts have been saying that for over 30 years. Will it finally happen now? I highly doubt it. Europe and US will crash first and China would experience a mild slowdown for a while but that's pretty much it as the west loses its global dominance for good.
Even globalization could be turned back with protectionism in the name of de-risking, I would be surprised if the West couldn't come up with some outrageous reasons to turn back their support for EVs.
If you're most important market requires you to partner 50/50 and teach them exactly how you do things, you should have seen it coming.
And, did legacy auto maker teach Chinese made EV? I dont think so!!
The management of these foreign auto makers are shortsighted and incompetent. These companies have no one to blame but themselves.
I will continue driving my very reliable diesel truck and if need be, change to sustainable bio diesel if they push it.
I just get lungcanser from a diesel engine.... 😢
Enjoy paying $30 a gallon
Bigger market for the EV makers means more demand for Tesla, as well as BYD and the many other Chinese EV makers.
when comparing balance sheets, you should really remove the finance arms of the big automakers. they are basically acting like a bank with hundreds of billions of debt they use to finance buyers of their cars. It's fully secured and distorts comparisons to car companies without a finance arm.
Totally agree. Ford is in strong condition but Sam keeps on talking about F’s total debt. That ignores that most of the debt is simply car financing. While it may be possible that there will be defaults on that debt during a downturn, it’s not correct to say F is toast because of its debt. In fact, F’s EV investment is pretty impressive as is GM’s. Both of these companies are deep into the capital expenditure phase of their transition and EVs will not be profitable because of what are essentially startup costs. I like Sam. I don’t like his takes on debt, but I know he needs to put out a lot of content to pay bills so I am empathetic.
You are correct, but bear in mind you are recording an asset it’s only when you realise that asset that you book the loss on it. All sorts of financial institutions, including auto are carrying colossal debts that they haven’t realised and “pretending” they still have assets on their balance sheet. Just because you have a balance sheet showing 1 million cars worth $20,000 each that does not make it so until you sell them on.
I try over and over to explain this to Tesla fanbois. But they can't think beyond the talking points fed to them by guys like thisxwanker.
Yes Sam glosses over a little but SMR explains the details. EV prices are going to keep heading down. The valuation of the used cars securing all this debt is already starting to collapse. When people get too far “underwater” with their car loans, a lot of them will chose to default. This will lead to the majors defaulting on the billions loans they borrowed to finance all those cars.
@@TroySavary Why doesn't anyone else see like Toyota, that Hydrogen is the answer. Toyota know what they are doing.
Awesome. Better environment to live for mankind 🇨🇳🇨🇳🇨🇳💪💪💪
Worldwide recession is bad news. Co2 is plant food not poison.
Let's go NIO, NIO is a BEAST. Ignore the Electric Vikings FUD. $NIO
Great video. I did not understand the significance of this problem for the legacy automakers. It looks like 2024 could see the exit of a number of automakers from the global stage. As the sales drop investors wiĺl cash in their shares and commercial bankers could refuse to extend creditor. The banks might presure the governments to bail out some big legacy auto makers but the small ones would be toast.
Head in the sand syndrome. Big companies expecting governments to back down. But governments have no need to back down if they have an alternative to the legacy companies. Lazy and arrogant CEO's.
🙋♂️GOOD QUESTION SAM 🤷♂️💚💚💚
Lastly where does most of China electricity come from. coal great move people you go from clean ice emissions to dirty unfiltered coal plants. China skip scrubbers on their coal plants.
😂 there’s no such thing as clean ICE. Its still cleaner to charge your car from coal plant than it is to burn gas in an ice vehicle. The coal plants burns at a much more efficient rate then the extraction, processing, and burning of gas or diesel from oil, plus the methane burn from oil wells. I believe a study was done that proved a 30% less co2 from coal to EV than ICE.
The EV industry in China still will only make a max 20% change to their overall sustainable future... it will certainly help , but "Manufacturing, Building construction, Mining..." Industries are going to be the bigger challenge!
You make a very good hypnotist. Just listening to you for 30 secs makes me feel sleepy. 😴
Something about this story does not make sense. China is import dependent for to virtually all its critical resources.
@4:01 A quick use of google shows China is no way near the most improtant market for Stellantis, for example.
Congratulations on the new trade deal between Austrailia and the US for critcal minerals. In time this will help reduce battery costs and help incerase the production of mass market EVs.. Job well done!
China 6B emission regulation may seem difficult for non-hybrid ICEVs, but hybrid gas-electric vehicles can easily beat it. This is because hybrids use the engine less often, and only use the engine when it emits the least for a given amount of power. The most emission occur at idling and hard acceleration, and in a hybrid, there is no engine idling, and during hard acceleration, the battery and the e-motor assist the engine so that it doesn't have to work too hard.
These companies need to export those 2 million IMMEDIATELY
Surely this is a better option than letting them rust in a field. This must be the easiest solution. Why aren’t they doing it? There are lots of countries in the world where these cars would be sold easily?
probably trade deals
China car is left side driver like US. Maybe the market is limited
@@mainmusik3677 Most of Europe is left hand side, as is most of West Africa, as is South America.
Better to sell overseas at a discount than let the cars rot?
In Europe, the rules are strict and the standards are different. Maybe they could only sell smokes to the 3rd world
@@johnfrancis4401 Definitely that is a great solution to export the cars to those countries , especially africa and south america where the regulation is not strict like Europe
I heard that Toyota has a lot of money. Even more than Tesla? They have big plans for electric cars now. But the really BIG question now is what happens to the economy in USA 1.June, which could have huge implications all over the world. That would for sure hit the car industry.
In the UK, when you say, dropping like.. we have a very good analogy, dropping like a lead balloon
Even with the extra time. Who wants to buy a vehicle that is becoming unable to sell
What I don't understand is how these legacy automakers have so much debt? It's blatantly obvious they're doing something horribly wrong.. and have been for a decade to amass that much debt!
Why is it so hard for Western car manufacturers to comply with these emissions regulations? They have been making cars with advanced engine management systems and catalytic converters for over a decade. Are they just making cars without catalytic converters for China because it's cheaper and they thought they could get away with it? I'd like to know more about what is actually going on here in terms of the technical issues involved.
I think one reason is that they have "never" needed to comply before. In Europe they have been able to postpone new emission regulations, since automakers are so vital for many big European countries. And never forget Diesel-gate, although Volkswagen was far from the only company that cheated. But now its China setting the rules, and those are near impossible to postpone. For a foreign company = impossible
Because that will be too much car for too little money.
Cold starts & open loop engine operation until operating engine temp allows for closed loop operation produces a LOT of air pollution when you are talking about millions of ICE vehicles.
I cant find news about this anywhere outside this channel. Has someone a link?
Have you considered, What happened every time the euro emisión standard changed: well they just shipped this cars to emergin markets
Perfect storm indeed. Well at least we’re getting some progress on cutting emissions.
Most people in the USA don’t want any electric vehicles.
I read Toyota and Nissan are offering buy one car get one for free in some areas in China. That’s a first.
Toyota must now be passing blue farts in panick.
The same will happen with Euro 7 if they can hold their nerve, at the end of the day they gave the e fuel concession so no one can complain, but yet they are.
You missed an important part in that article though..
“After studying some additional documents from MIIT, I think, despite the announcement of the government body sounding strict, it is basically what car dealers were lobbying for. It is a postponement of the GB18352.6-2016 standard without postponing it, as many of the ICE cars in stock should have no problem with RDE. So everybody will be happy, and nobody will lose face”
They wont be unselable, but certainly less popular.
I think it is a good move - the greens in Germany should be happy about this development. Move away from fuel automobiles towards EV.
The greens in Germany (as all parties) are highly dependent on taxes and low unemployment rates. If the car Industry goes bankrupt it means none of there cost intensive projects are possible any more...
It is going to be fun to watch their reaction. I guess they will ban Chinese car in a tit for tat with some outrageous reasons.
Many in China will look to purchase an EV anyway. They are making the price so cheap for some models. These car companies need to advance with the time.
Nice video 👍
Excellent ❤❤❤
Nissan CHN sales are in free fall in a vacuum. They are accelerating to zero sales.
RIP Legacy Auto, JAPAN INC Climate Laggards
Nice and clean
I don't think that there really will be many problems. Most cars already comply with China 6B, the lab test part. New in 6B however, is the requirement to meet certain Real Driving Emissions (RDE). This requires homologation and a test under strict conditions on the road. Manufacturers were given the option to register cars that comply with the lab test, but haven't undergone RDE homologation yet as "monitoring only". The backlog of 2 million cars we're talking about are these "monitoring only" cars. They can now be sold until the end of the year. By then all manufacturers must have their homologations in order.
Gosh... i will have to visit china soon... i will be able to see to infinite and breath in Beijing ❤
Does South America and Arica play a role here? The Caribbean is too small to even consider.
Dude, Toyota ICE's are selling like hot cakes in the US. You can't even find many lowly corollas on the lot in California right now.
I'm seeing a lot of new Chinese cars showing up in Africa and any other place they can be sold.
So six years isn't enough lead in? Cry me a river.😢
unload em all at price you get more than scrapping would... would kill ev sales for the rest of the year and you can spin that as PR that EV is dead :p
Whether or not that's what the automakers mean to do, that will be a definite effect. However, what we're seeing is that Chinese buyers are still gobbling up EVs while the piles of massively discounted ICE cars are growing, not shrinking.
So the government has given them a 6 month extension. Who is to say that they won't just do that again?
The second hand market in Australia is about to get crushed by unsaleable new car imports
Wonder if Xpeng will survive? If G6 becomes a failure, it looks quite challenging.
Watch if Govts intervene to extend deadline. If this occurs, one ought to ask what was given to China in exchange.
Because of the way it is governed China can take very long term strategic decisions. The western car companies have taught them how to make good cars and now they are no longer needed. Can’t blame China. Unfortunately western governments are too focused on the next election. Making news at the moment is the absolute reliance on Taiwan for state of the art silicon chips. It would seem that those same western governments are leading us down the same path in that area as well. Trouble ahead.
> "The western car companies have taught them how to make good cars" ... but forgot to teach themselves.
Preach, Viking!
Don't forget smaller companies like Suzuki.
No problems with the excess cars and what to do with them. Shove them on a ship and send them to Australia. Australia's low emissions standard guarantees delivery.
I would think most of Toyota's hybrids would meet the new emissions standards. So I don't think they are as up the creek as the VW group. But if no one is buying what you sell makes little difference. At least they can't use Australia as a dumping ground because of our non existent emissions standards. It's not often I think being a RHD country is a good thing.
AFAIK most (but not all) of Toyota's hybrids meet the standard without modification. A few models would require additional emission filters to meet the new standards.
Morning mate
Why can't these companies convert their factories to making EVs instead of petrol cars?
Politicians will not let companies employing millions of workers go bankrupt. Expect import duties on Chinese cars.
Not talking on CO2 emissions, Just imagining the quality of the air we breathe if majority of the vehicles we drive are EVs & the cut in healthcare costs.
As observed Chinese people don’t really use their cars - they are a status symbol taking up their parking space in their basement car park - cars are kept clean and are usually an Audi saloon or high end SUV
So, the wolfs are here, for real this time. And no one can save those willing to save themselves
No matter what we desire there is not enough battery production to go BEV completely.
But it does surprise me the auto makers in China haven't met these rules - a level of incompetence? Or is there back door politics going on to force out the non Chinese partners and take full control of the production. CEOs get paid big money to make the right moves, but I suspect a lot of investment in China is down the drain, much like Russia.
Well... export the cars you can't sell in China.
It is almost certain that the cars they make in China are the cheapest production cost vehicles of any of their plants anyway.
So sell your ICE vehicles to the rest of the world (at good prices), which won't be moving so fast to restrict them.
In fact there will be huge markets world wide for ICE vehicles for many years yet.
Most of the Global-South, and oil producing countries, are not going to be moving to electric any time soon.
Add in that Ford recently announced that they will this year lose 6 billion their EV that on top of the 5 billion they lost in previous 2 years. Why are you not talking about that.
Viking. I don’t hear anyone refuting what you are saying and yet it doesn’t quite make sense as it the uk cars are sold after long waits to buy. There are no such stockpiles here. Puzzling.
I'm a little surprised about Nissan, in that they were the first to mass-market a production EV. (The Nissan Leaf) They now have the Aryia, which is well worth looking at. The others, like Mazda and Mitsubishi have dabbled in EV, but have never taken it seriously, may indeed fade into obscurity. I don't know about Subaru or Toyota, though I suspect they have something in the works.
Are there emission standards for power plants since they are moving towards EVs?
There is a separate system regulate power plant emissions. And more importantly, they asking for efficiency of the powerplant as well. not all power plants are equal. Even for coal fire power plant have significant diffent on how dirty they are. All fire power plant being built im China are all using supercritical boilers.
@@林振华-t4v thank.
I think this is the channel if your interested in ev. The electric viking is the only one who stays honest. He isn't trying to sell you something. He just gives you the facts and let's the chips fall where they may. I wish there were more like him. I ask that everyone reading this put this man and his family in there prayers. His wife is ill and fighting cancer. They can use all the prayers and good wishes we can give them. All of them are struggling when 1 of them is sick. I'm sending every good thought and wish I have. Keep the good fight mate! We believe in you and yours and ask that God lift this illness from your wife forever! We ask that all pain be lifted and in its place love be planted and allowed to grow and prosper. We know through you God everything is possible. We deplore you to rid this women of cancer and cast its doubt out of this family's lives. Forever to be gone, forever to be filled with your love. So it shall be in your name God that evil was dispossed and castout. And in its place your love and graces allowed to heal all that has wrongfully inflicted this gift to our planet and its peoples. We ask God that you never let hope leave there sides. We know through you all things are possible and nothing is permanent or without change. In love and in God we pray you cast this illness out and all the doubt that has come with it. We ask that u never allow hope to exit there realities. We ask that you lift there pain and fears. We know your love has no limits and your authority is all empowered without exception. God we ask you to heal this family from all the ills this cancer has created. With God all is possible. Lord God, take this evil and it's doubts away never to return again. In God we pray. Amen
Yet, he keeps getting accused of hating Toyota, which he has explained regarding his belied that they lie.
They should be able to ship those cars to some other countries.
As usual, the underdeveloped countries will pick up the slack for the 1st world. Where I live in South America people don't know about EVs. You cannot purchase one here.