Former GM Executive: BYD cars are good in terms of design, features, price, quality. If we let BYD into the U.S. market, it could end up destroying american manufacturers
Former GM Executive: BYD cars are good in terms of design, features, price, quality. If we let BYD into the U.S. market, it could end up destroying american manufacturers
nytimes.com
Oh no! The type of capitalism where we have to compete!
Make it go away, Daddy Trump!
Sadly, I think it was Biden that put a 100% tariff on Chinese EVs. Fuck Trump, but come on, Biden, don't do this shit for them. I really like that new Xiaomi YU7.
The issue is not so simple. Blocking BYD has a lot to do with protecting American manufacturing jobs. That's not to say Biden's tariff was the right answer. But it is a more complicated problem to solve than it appears from the perspective of a single car buyer.
But the Chinese government could be spying on you if you bought a Chinese manufactured car!!
P.S. for bonus points, does anyone know where most GM automobiles are currently being manufactured?
Tbf notoriously China subsidizes BYD to net loss so its not exactly capitalism.
Did you forget all the bailouts US car manufacturers received?
All car manufacturers world wide are subsidized.
https://subsidytracker.goodjobsfirst.org/parent-totals
Of course China can make cheaper cars, because most car manufacturers get their parts produced in China anyway.
What do you think Walmart does when they enter a new market, the eat losses till the local competition folds and they are the only option left
The US subsidizes farms and petroleum.
They phased out their subsidies in 2022
They still have a trade in program to get ICE vehicles off the road.
It's state sponsored capitalism and China has pumped a ton of money into BYD to get them to where they are.
I can see them giving larger tax breaks to companies in the US, but current administration is all in on tariffs as the way to increase our domestic production. It doesn't make ours any better or cheaper, just everything else more expensive.
So do a lot of other governments, to be fair. It's one of those industries that employs a lot of people, and it's always bad press to close it when a bit of money could have kept it. Certainly cheaper than putting thousands of people on benefits.
Plus there's subsidies for domestic sales as well. The UK at least had a grant for plug in cars that they ended a few years ago, presumably just to get the infrastructure up and running.
But then the new vehicle price is neither here nor there in the long term, since most people drive used vehicles anyway. What matters is how many vehicles trickle down to the masses, and whether wear on the battery is a concern. Some of the early smaller models didn't have great batteries to start with, but as a daily driver to the shops and work it'd probably be fine. For some reason the conversation always drifts over to "but what about that one time you drove across the state" or "remember that time you transported a fridge", as if that's something people can't work around for the once a year they do it.
fair game IMHO. if you look at china as one big agent, then they can indeed act like that.