Posted on 02/02/2024 5:25:18 PM PST by cba123
A decade ago, Elon Musk laughed off the threat posed by Chinese electric carmaker BYD. He's not laughing now.
The Tesla CEO warned investors in a recent earnings call that Chinese EV firms will "demolish" their Western rivals if trade barriers aren't put in place to limit their expansion, after BYD finally overtook Tesla as the world's top seller of electric cars.
"The Chinese car companies are the most competitive car companies in the world," Musk told investors during Tesla's Q4 earnings call.
"If there are no trade barriers established, they will pretty much demolish most other car companies in the world," he added.
Chinese EVs are already subject to a 25% tariff in the US, which has largely kept them out of the US market.
But lawmakers have called on the Biden administration to hike those tariffs even further, and revisit trade rules with Mexico to prevent Chinese companies from using the US' southern neighbor as a "backdoor" into the American market.
(More at the link)
(Excerpt) Read more at businessinsider.nl ...
Sure does not help, that so much of our competition, seems to be asleep.
BYD busses sucked so bad Albuquerque’s ultra liberal mayor sent them back.
There is no “competition” with respect to electric “cars”. Places like the EUSSR are trying to force them on an unwilling public, and they’ve enlisted Red China’s help.
They would never pass US regulations to be sold here unless they bribe the gov’t officials (which I'm sure they will do).
Musk praises China more than America, sets up shop in China, China copied lots of his tech and now he complains of Chinese imports.
Almost like that was the plan all along.
Our people are not asleep, they are grabbing stuff as if there was no tomorrow. Ask the UAW.
The motor vehicle trade needs to be internationally balanced as per the US/Canadian method of my youth.
BYD is now a true, worldclass competitor.
For real.
Here is the irony...... Tesla builds a better EV and in theory you could replace the battery 2-3 times getting 300k miles or more from the vehicle.
However, with the current cost of replacement batteries AND the subsidies and tax breaks for purchasing a new EV they have effectively made them “disposable vehicles”. Drive it until the battery dies and just buy a new one for a few thousand more than replacing the battery.
The cost and inconvenience of public charging is also erasing the operating cost savings for those who cannot charge at home in their own garage or dedicated parking space.
In that kind of market, BYD, which are lower quality but cheaper, will be quite competitive. China also has room to subsidize their products since they make the batteries.
The EV market is very distorted right now and the green energy policies of our leaders are making it even worse as an increasing amount of batteries are diverted for grid energy storage systems and insurance companies are realizing that any damage to the vehicle will likely require battery replacement.
“Sure does not help, that so much of our competition, seems to be asleep.”
It’s partly a case of companies resting on their (perceived) laurels (and protectionism), but it’s also a matter of quantities and qualities of people.
50 years ago, even the thought of anything made in Japan being as good or better than a US product (except Sony products and fine optics) was hilarious. Then, 30 years ago, not so funny.
The comparisons between US STEM graduate numbers and Chinese graduate numbers are very, very disturbing.
You do realize that the single biggest-selling vehicle, in the entire WORLD last year…
Was a Tesla.
(Right?)
70 years ago. Then 50 years ago.
The imports from Japan started to come in during the '70s.
30 years ago was 1994. That was when Bill Clinton was the POTUS.
I remember my boss going to Canada to buy the company cars. That was a Loooooog time ago.
But I don't know how independent it is of his other projects.
By whose measure? Jato’s? Lol . . .
The U.S. and China can take their EV’s and shove them up their bum.
Tesla was number one for the year.
Toyota was number two, and number three.
Those two may have gotten counted together in your count. The totals were something like 1.3 million Tesla model Y, then two Toyotas at approximately 1.08 million, and I don’t recall the exact other total.
But at least in the calculation I saw, there were two types of Toyotas. And the totals were for the entire year.
Repeating JATO Dynamics’ assertions verbatim is called proof by assertion.
Like everything else, EVs are subject to the laws of thermodynamics. And because of those laws, EVs are not efficient compared to the old internal combustion engine.
Agreed, although “old” is relative due to the development of battery electric cars and Otto-cycle ICE cars being contemporaneous.
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