Chinese Brands Will Sell A Third Of The World's Cars By 2030: Study
Chinese Brands Will Sell A Third Of The World's Cars By 2030: Study
insideevs.com
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cross-posted from: https://lemmy.ml/post/17489670
53 comments
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The problem with that statement is they aren't shitty cars. They're a generation ahead of US tech and way cheaper.
I'd drive a BYD if I could get my hands on one.
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Well, this is the fault of the western car brands. They fough transition to EVs with tooth and nail. They wanted to keep fossil fuel cars at all costs. And now they either have nothing at all, or they have to scramble to keep up.
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The rest of the world needs to match Chinas wages if they want to sell more shitty cars.
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GM did a stock buy back last month of 6 billion dollars.
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What are chinas wages? My understanding are they have low wages so they can pump out cheap products?
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53 comments
The competition is welcome. We need it to continue to drive innovation. At least in America, traditional American brands haven't put out anything interesting for years. Just the same models being rehashed, but slightly bigger and more fuel efficient.
Except the US will do everything possible to prevent them from being sold domestically, while still pushing their brands globally. This will lead to a further split in what’s available in the US vs ROW.
There is no way they will be able to prevent people from going to Mexico to buy them though. And that's what is being predicted.
We’re doing it now to support legacy industry, try to push development of local industry, and while there is a technological change going on. But we’re doing it at huge expense. Do you really think that huge expense will hold up after legacy manufacturers never show up for the race, lose their global market, and the rest of the world advances?
I’m calling it now: Conservative platform for the 2028 election cycle will be to end those protections, to give people more choice, and to let a few billionaires profit
This isn't protectionism for US companies it's protectionism for the automotive industry as a whole in the US including manufacturing and sales of foreign brands like Toyota, Hyundai, and BMW. Domestic companies only account for a fraction of cars built and sold here.
the 100% tariff enacted recently says otherwise
Even at 100% the Chinese EVs can be sold cheaper here they will leak in slowly. Chinese EV goes for as little as $12k sooo even at 100% thats cheaper as the lowest cost EV here are almost 3x that
Well, that apparently means the government that did that doesn't agree with me.
they're blocked in the united states and canada due to a 100% tariff and also mostly blocked in western europe using tariffs other protectionist means; there will be no innovation for you nor anyone that speak english natively.
English-speaking Africans: guess I'll die