If you asked the typical European or American about BYD a couple of years ago, only the biggest petrol-head or an astute follower of Warren Buffett’s portfolio could have given you a confident answer on what the company does.
It’s taken a brutal price war with Elon Musk and an ascension to the top of the Chinese car pyramid to change that. Now that it’s left competitors in a “state of shock,” BYD has become hard to ignore.
However, as BYD fights a declining share price, Europe’s automakers have a few reasons to be optimistic that they will fare better in a battle on home soil.
Honestly, if they shake up the market and force the European manufacturers to produce cheaper EVs I’m all for it
They already shook up the industry. This is why auto makers are interested in making EVs after decades of telling people that they don’t want EVs. China, the world’s largest car market, is saturated with EVs. Now China is exporting to countries that don’t have as many EVs as China.
It’s very similar to what Toyota did decades ago. Create a good product and expand.
In the UK BYD pricing the seal higher then the Tesla model 3 is a strange decision. Also the mg4 being cheaper then the dolphin doesn’t help.
How are the tariffs like? I don’t know about Europe, but the US has a 25% tariff on Chinese vehicles and they’re even considering raising that. Seems like it’d be a major stumbling block.
There’s also the fact that when your country is renown for dirt cheap shit that maybe works, I don’t know if I’d put my butt over a potential bomb.
China is known for cheap shit because of people cutting corners to make a quick buck (e.g. companies outsourcing to China and choosing the cheapest options to maximize profits). When it comes to vehicles, it doesn’t work that way since you scare away customers if such an expensive item fails. China is capable of making high quality things and do all the time. Do you think Chinese phones are exploding all the time?
Never heard of it. Something to do with underwear?
“Build Your Dream”
Chinese EV manufacturer that is expanding into Europe.
Mmmmmm. That doesn’t sound healthy. CCP spy shit in every car shipped over. Great.
We already know that every car manufacturer collects data on us in newer vehicles especially. Data would go to China instead of western governments and unregulated companies. Honestly, not sure the usage is any different.
I’ve got news for you: unless you’re driving a decade-old car, your car is already collecting tons of information on you and sending it to the company.
All modern cars are privacy nightmares. But putting spyware in their export cars world be a very dumb move by the Chinese because there’s no way they wouldn’t get caught.
