My local ChiCom buffet is good value for my money. Should these be banned too?
I just rode in a BYD car/taxi in Tromso Norway this past week. Surprisingly nice vehicle. They will kill US automakers if they come on shore in the US.
I just rode in a BYD car/taxi in Tromso Norway this past week. Surprisingly nice vehicle. They will kill US automakers if they come on shore in the US.
Our economy has been a slave to China since NAFTA.
China cheating? Nah, can’t be. Never happen. LOL
Walmart comes to the auto industry:
“the carmaker keeps its costs low partly by owning the entire supply chain of its...”
For Germany this is a major problem. The German car MFGs are exporters of cars to earn the country money. That money yield’s unions, high wages, good living for all. Now the Germans have mandated the change to EVs. EVs required 30% fewer workers since no ICE. That means 250,000 less working unionized, high paying jobs in Germany! Now Germans have allowed the CCP cars into Germany. The CCP cars are built by very low cost labor. So now the German’s have killed their car business model .
An Allianz Trade report last year said that China’s EV makers pose a significant threat to Europe’s carmakers, particularly the “automotive-dependent economies of Germany, Slovakia and Czech Republic.” The report called for higher tariffs on Chinese EVs, estimating they could cost Europe’s carmakers 7 billion euros a year in lost profits by 2030.
In the EU, Chinese-made EVs typically sell for 20% less than those made in the bloc, and their share of the EV market, which has grown to 8%, could reach 15% by 2025, according to Reuters.
“No one can match BYD on price. Period,” Michael Dunne, CEO of Asia-focused car consultancy Dunne Insights, told the Financial Times earlier this month. “Boardrooms in America, Europe, Korea, and Japan are in a state of shock.”
Tesla CEO Elon Musk has gone from laughing about the quality of BYD cars in 2011 to suggesting recently that Chinese companies will emerge as dominant players in the global automotive industry.
In the EU, Chinese EV makers face 10% tariffs, versus 27.5% in the U.S. That’s encouraged them to target Europe as their home market gets increasingly crowded, although they’re also growing in Southeast Asia, Mexico, Australia, and elsewhere. Indeed, China has recently overtaken Japan as the world’s largest car exporter.
This month, BYD’s first chartered cargo ship—dubbed the “BYD Explorer No. 1”—embarked on its maiden voyage. Capable of carrying 7,000 cars, its destination is, predictably, Europe.
This story was originally featured on Fortune.com
We shall see. We’re going to see many more instances of spontaneous combustion of EV’s...Chinese vehicles are known for this at much higher rates. I’m sure there’s many areas of the supply chain that uses sweatshop laborers.
One of the Chinese battery makers recently outsold Tesla
Let’s see now. Musk and Tesla strive to cut prices aggressively year over year.
Government’s push their auto manufacturers to raise prices.
Auto companies are OLD entities with problems dating back to before anyone was born at this point.
Tesla tries to give the customer more for money in technology and style; Auto companies focus on profit.
In the EU every auto company is 45-49 percent owned by the National Government.
Greedy politicians are the problem. End their own personal corruption.
EU Energy prices are 4-6 times higher than the USA since NORDSTREAM I & II timeframe.
EU has only themselves to blame for high taxes 30-70 percent on wages, corporations, and taxes on energy paid from whatever was left after taxes for another 80% petro tax.
The Ukraine War Domestic Political Management across the EU to include planned and directed disruption of farming makes prices higher in the EU.
EU are more a Communist-Democracy than the Social-Democracy they were just 3 years ago.
The EU cannot take half of corporate earnings, half to 70 percent of peoples wages, and then expect their overtaxed economy to compete at time that energy costs have risen 4x for NG and 3x diesel and 3x for petro.
Shutting down the last German Nuclear Plant was the kill shot for EU competitiveness.