I’m in Australia, I work for car dealer that sells Ford, GM, Jeep and Chinese BYD. I can tell you straight-up. The Chinese are building better cars than the USA.
My Ford Lincoln is one year old and been in dealer repair 5 times. Changed catalytic converter 3 times, one time battery, one time engine valve. I'm f'ed after warranty.
A lot of people fail to understand that being able to build the same car at lower cost is the same as being able to build a better car at the same cost. Car buyers don't just buy the cheapest car on the market, car buyers start with a price then look for the best car for that price People buy Chinese cars not because they're cheap, it's because they're the highest quality car in the buyer's price range.
When the United States produces competitive products, like the semiconductor chips, it is considered acceptable; however, when Chinese products, like the electric cars, become competitive, it is often criticized as merely exporting surplus capacity.
Thirty years ago, the US advocated "globalization" because US manufacturing was in an advantage. Thirty years later, the US advocated "de-globalization" because US manufacturing was at a disadvantage. Such double standards are shameless.
Chinese EV companies are building factories in Hungry, South America, etc. The capacity is now outside China and China is exporting "surplus technology"
Cheaper price is fine as long as they aren't being subsidized by the government to make it artificially cheaper. That along with China dumping their inventory abroad due to their excess production, governments are going to protect their own auto production by putting tariffs and hitting them dumping duties.
@@Nabrolo So the US subsidizing the farming industry, the auto industry ($7500 tax rebate, clean energy rebate ...etc) and most of all the microchip industry with $50 billion dollar incentives to build factories locally is ok?
Why are the prices of Chinese cars so low? Because China is the most competitive market for cars in the world. All cars in the world need to compete in China. Therefore, industrial advantages have gradually formed. But more and more Western countries are using protectionism, which has led to What comes is not competition but protection.
Why our carmakers have to the US even US have so many sentiments? huh just like someone does not want a relationship but someone else keeps trying to, it’s like a sexual harassment?
Oh yeah sure.. subsidies, you mean like the IRA? Every country subsidizes their core industries, but the fact is that even with subsidies you can't compete with the Chinese.. that's why there's a 27.5% tariff. As Elon Musk said, without protectionism, Chinese EVs will pretty much demolish most legacy automakers. But putting up shields up maybe help you in the short term, but in the long run you lose.
BMW got to capitalize the costs in China's largest BMW production. The US union costs and Bidenomics inflation wouldn't help to gain productivity.. just a bunch of ra ra sanctions because of Ukraine and Russia breached our value bla bla bla thanks Democrats woke voters
@@YoHoosierDaddy lmao no its because the us dollar is artifically held high, in reality the dollar should be worth 1 to 1 with yen if they didn't hold universal currency status
I don’t care about corporate profits! I care about consumers access to affordable products. If the Chinese can bring good quality EV to benefits US consumers why not? I’m all for it!
HI, great video. I live in México, I Just got a BYD, excelente quality, super price, Best batteries, in my personal case, I preffer BYD over Tesla and I know the big difference on infrastructure, I've have it for 6 months, we love it!
I'm from Kazakhstan. Last year 70% new car was import from China. People like especially Zekker. Very impress In terms of quality and high tech features.
I like the way he put the question: "reluctance to put a restriction on Chinese cars", as if putting a restriction is a norm for all countries. Why should Chile put a restriction when it knows it can benefits from cheaper and better built Chinese vehicles? Just to please America? You talk like a master of the world.
I own one. They’re great. The basic chinese equals fully loaded Japanese car. Tech leather, cameras all around, 360 degree views, large screens, plush seats, full roof moonroof, very economical engines, fast trannies.
@@walden6272 yeah, that money went to pay some slacker family. maybe johnson or rockefellers to sit on their ass in their giant mansion. yeah, go ahead and feel good about that
@@walden6272 that $40k went to some slacker elite family like johnson or rockefeller so they can sit on their ass in their mansions and blow smoke. feel good about that huh
@@peterpanini96 you don't get it, once more Chinese cars enter the market over here, our car companies are forced to lower their inflated price. Now a days there are barely any SUV under $30k. Welcome Chinese cars!
@@adan7182 cars from china are cheap because of factory and logistics efficiency not non-existent exploited labour. go search up 'china vehicle assembly line' on youtube.
@@adan7182only way this Chinese cars will come to US if its made in Mexico. And those Mexican workers have been making cars for the US market forever making 15-20dollars a day. It makes no difference if they're making a Ford or a BYD. Also no one is making 2dollars a day in China or Mexico, thats like 1/3 of the minimum wage of a factory worker in China
Now if only China wouldn't do that. All phones over there have to be equipped with software that allows the CCP to track you and even watch what you are doing. I'd suspect any Chinese car would be equipped with the same software camera technology that can be activated at the will of the CCP.
In Australia, I see BYDs, Havals, and MGs all over the place. They have caught on FAST. I can't speak on their quality, but the US trying to restrict Chinese car sales absolutely reeks of the Japanese auto crisis in the 70s. America learned to compete back then, it can learn again. Hard to blame the tech when the Chinese cars have it too... What they don't have is useless executives with bloated salaries draining their profits. Meanwhile the big 3 pin it on their workers that account for about 3-5% of their vehicle cost.
When they first came to the USA, Hyundai and Kia managed to sell quite a few cars despite objectively terrible quality forcing Hyundai to offer a 10-year bumper-to-bumper warranty. Since the, Hyundai and Kia have gotten a lot better, to being adequate or average. The current Chinese cars are "good enough" if not "good".
When I visited China late last year I had the pleasure of looking at, and riding in, some very nice Chinese made vehicles. The fit, finish, and interiors looked amazing. The comfort and ride quality was very impressive as well. I live in Canada and the political reality here is that our lifestyle is dictated by the US, so our choice of products is politically constrained. Given the option, I would definitely consider purchasing a Chinese vehicle. I started driving Japanese made products in the late 70s and I have driven mostly Japanese made cars since then. I have only purchased three American made vehicles since that time, but I could definitely see that their quality was lacking so I sold them after a couple of years. I would really like to see economical, Chinese made EVs enter Canada. This would provide a viable, cost effective option for the masses, much like Honda Civic did in the 70s. Even with current issues related to cilmate control and range, an inexpensive EV would meet the primary concerns of some and provide a second car option for others.
I am from chile, where the report was made, and it is true that everyone buys chinese vehicles, before they bought ford, or chevrolet, now they buy changan, dongfeng, geely, haval, and the same thing happens with trucks, before there were many international, kenworth, Freightliner, now companies buy Sinotruk, Jac, Foton trucks, here the public transport in large cities, are Chinese BYD brand electric buses.
Chinese cars are not just affordable in price. They have good features and quality. If you look at Korean or Japanese cars, their base models are just skeleton. But the Chinese base models are already loaded with features. And given China is so good at manufacturing, the features are quite high quality in feels and in operation. What is missing from the report is that, Chinese car engines are quite good. Chinese car companies, knowing people are concerned about their long-term performance, offer 7 years guarantees. That is another key factor that Chinese cars can get established those market so quickly. Nowadays, people don't worry about Chinese car qualities. It looks good, feels good, drives good, and is backed 7 years guarantee.
@@thevinceberry Bro, spend more money, OK? You can buy an electric car in China for $1,000, you can buy an electric car for $9,000, you can also buy an electric car for $90,000. Electric cars priced at US$1,000 serve the elderly in rural areas and are basically not allowed to enter the city. Electric cars priced at US$9,000 are the means of travel for most migrant workers. $90,000 electric cars are rich people’s toys
Why our carmakers have to the US even US have so many sentiments? huh just like someone does want a relationship but someone else keeps trying to, it’s like a sexual harassment?
Times have really changed. More than 30 years ago, my family in China had two cars at that time, which were just bicycles. Everyone is discussing that every household in the United States has a car. Maybe China will never develop like the United States, so how to park? Will the traffic jam last a day? 20 years ago, the German Volkswagen Group's Santana sold nearly 300,000 RMB per car in China. Everyone is talking about how only rich people can own cars. They are envious of Americans, Japanese and Europeans who can buy cars at very cheap prices. They are so happy. Ten years ago, almost most families in China owned real cars. This time it was not a bicycle, which was unimaginable. However, foreign brand cars were still very popular at that time. Japanese, American, and European brand cars were the benchmark for performance and quality, but they were very expensive, and some cars had to be purchased at a premium. At that time, although Chinese brand cars were cheap, their product design was The quality is inferior. Everyone is discussing when our Chinese brand cars will be cheap and as good as American, Japanese and European cars. Now! Chinese brand cars have really done it! They are very cheap, the quality is similar to American, Japanese and European cars, they have similar functions but are more complete and better to use! Prices of European, American, and Japanese brand cars in China are greatly reduced! ! can not imagine! ! ! China's car prices have now become the cheapest market in the world after high-tech digital products. You see, Tesla model 3 and Y sold for 300,000rmb in China a few years ago, but now they can be bought for just over 200,000rmb, which is a full 100,000rmb cheaper. . So amazing! China's own brands are even cheaper and better. In the past, Chinese brands were rarely seen on the road in China, but now they account for at least half!
I am tearing after read this.just like yesterday this happen at me.like a movie,I was borned at a poor farmer family,right now,we have two cars and buy a house at XI'AN city,build a new house at my hometown,just 15 years,like a dream.work hard and hard.
A lot of people in the US don't have any idea how much China has invested in the US. The familiar names like Milwaukee, Ryobi, Ridgid, Hoover, and many others are now Chinese brands. Volvo is now a Chinese brand.
Fake news. when they say BYD will surpass Tesla in sales, in fact BYD has already surpassed Tesla now. And then when these reporters said BYD needs to satisfy their factory capacity so BYD will have to export to those markets in Australia etc. In actuality it is the other way around: BYD sees there are potentials in those markets so they build new factories in anticipation of explosion of demands for their cars.
I think only in the last quarter of last year BYD sale more EV than Tesla. Overall Tesla still sale more EV than BYD in 2023. Let see how it goes in 2024
@@FrankiePo89 As for pure EVs, BYD surpassed Tesla in Q4 2023, but not year 2023 overall. Expect Tesla to retake the lead in Q1 2024 because of the Chinese New Year, the BYD finally beats Tesla in Q2 or Q3.
In Israel there are so many Chinese ev companies. On everage, after taxes the cost is about 20 percent less then japanese cars ( i.e. Toyota, mazads,etc). I bought/leased 2 byds (dolphin and atto 3) because of that as well as value of what you get for the price ( lots of bells and whistles). They are both great cars and have great customer support here in Israel.
@@slovakjakpica exactly. I plan on keeping mine for 3 years. By then the solid state batteries will be the norm and range will be times 3. Here there is a 6 year warranty on the car and 8 on the battery so I'm not too worried
I am leaving in peru. I have 2 cars, one kia and one Chinese car Foton. After 5 years my kia had engine problems. And my Chinese car 0 engine problems !
Regardless, The US consumers will not enjoy any of the low prices, good quality, luxurious interiors Chinese auto makers deliver. Why, because your elected officials labels everything from China as National Security risks. The big 3 stands no chance in competing against the Chinese auto makers. So yeah, it's national security issue in a sense.
FROM South Africa and owning a cherry tiggo 7 pro. The BS that the west is pushing about these cars is just nonesense. They are safe, strong and comfortable.
For any technology to improve there needs to be free fair competition. Chinese competed against each other therefore they have already become better than anyone else!
Shorting the Chinese index is a bold move, is this a continuous strategy or just a one time thing and who is this Monica if I may and how did you make such a turn over?
China has the best workers and manufacturers, and the Toyota cars produced in China are of the best quality among factories around the world, even in Japan. On my way to work, Toyota dealerships proudly showcase their products. Similarly, both BYD and Tesla cars produced in China are of the best quality in the world. Imagine if Tesla's Chinese factory hadn't produced cars, would Mr. Elon Musk have gone bankrupt?
This is just like Huiwei Phones. I used all kinds of different brands until I tried a Huawei phone and found it has the hignest quality and beat CP value 8 years ago. But all the carriers baned that brand 5 years ago in name of national security by saying their phones were collecting our personal information. Come on, do uou really beleive that Iphone and Google phones do not do that.
Nah, you can’t compare a phone to their cars. I get where you’re trying to get at, but those are two unrelated things when it comes to quality. It was their software nothing to do with the batteries. Their batteries are not the best in their electric vehicles, and they have so many posted on fire, there’s just too many posted to miss that.
"Overall, according to statistics, there are about 241 automobile manufacturers in China, of which about 20% are expected to produce less than 1,000 units in 2023, and about 17% of them are expected to produce less than 10,000 units annually". Due to the brutal competion, the car price in China in general is much lower than abroad. For a example: Volkswagen id3 was starting from 15,800 euros in China 2023, and it was 43,995 in Germany, and more than $55,000 in US.
If the Chinese come in the u.s, consumers would use them as leverage against these 60k pickup trucks and suv's to get the prices down. Also they would eat the used car market lunch, kiss tax season sales good by!
Not in the EV sector... And barely in the auto sector at all.. And the Asian automakers are notorious here in Canada for huge hidden fees and markups... Even been sued but the fines are less than the illegal profiteering so the gouging continues...
not only the cost, if you compare the vehicles manufactured between usa and china in recent years, you will see the american vehicle is fallen behind a lot
and we all know the truth - they know well that GM/Ford/Chevy cannot compete; so i guess we'll just have to pay the higher price and get the previous generation of cars while the rest of the world fully transition to EV@@w10-v4l
Great report by Phil LeBeau from Chile! Fair and balanced, fact based, without too much of biases or geopolitical fear-mongering BS. Liked! Keep up the good work! 👍
That's literally ass backwards. Chinese cars are so cheap due to massive government subsidies. Unless there is tariffs or subsidies in other countries there is no way to compete on price against Chinese cars.
People spent their time making fun of them making racist china jokes they failed to see things like this, they’re catching up fast, faster than anyone else in the world, Mexico will be more than happy to make these vehicles, we’re tired of overpriced vehicles, even if the tyrants to the north change the policies in favor of politics instead of doing what’s best for the people and letting these affordable vehicles into the states all of Latin America will adopt these vehicles instantly
I said it. Whoever makes the cheapest EV will win. It’s not rocket science. China has the advantage because they process the lithium that goes into most EVs. The batteries in American cars comes from China
Yes, trade restriction / protectionism is the answer. Combined with our prowess on FUD and strong influencers such as unions and dealership associations, we can convince US buyers to continue overpaying for the same if not inferior products. Focusing on cost cutting measures (greater efficiency / lower mfg. cost / direct to consumer sales) is too difficult.
And you know what, with long standing policy of TAXing cheap products from China, inflation is russia’s fault, what was it called? Putin Price Hike? Its kinda facinating to see lies so blunt and obvious being flying around the polititian’s mouths as if they have any sense of shame at all.
@@kenyup7936 Google quit in China, so did Facebook. Many Chinese wanted to invest farm land in usa, but not allowed by American leaders. They even wanted to get rid of Tiktok ceo, thinking that he's from China. So what are you talking about?
@@FrankiePo89 it's not about Google quit China, it's bias and nonsense, how it's unavailable without a ban? I remember Google China was migrated to Google HK, but it's no longer available anymore in a few month, and I remember RU-vid as well as (justin.tv)twitch was available in China as well, even they' choppy or laggy, but our country banned them
Wait! During the pandemic weren't there lots of Americans and without evidence accusing China of this and that and then proclaiming "I ain't buying nothing made in China no more" 😂😂
Just a few years ago GM sold over 3.9 million cars in China annually, significantly more than in the US. Volkswagen sold similar numbers too. In fact German car makers sold over 7 million cars in China every year for so many years. This was going for years and years and you can imagine how much profits American and German car makers earned for a few decades from Chinese gigantic market and brought back all of the profits home. And those Chinese ain't stupid just becomes consumers of foreign cars, they wanna learn the know how, engineering, designs, technology, management, and after 3 decades they are ready and built their own brand to compete with legacy brands, but with lower price, equal or even better quality, and more tech. They knew they not gonna win if they pursuing ICE where legacy brands went supreme, so they went all in into EV by first conquering the supply chains first from battery raw materials, to efficient way of manufacturing, this strategy is 1 decade in the making spearheading in coordination by the government. Now they are coming knocking on everybody's door.
More chinese tech = less quality in car. These car will start to fall apart and brake anytime soon. Knowing chinese cost saving procedures to use as cheap things as possible, even if interior looks great , it does not mean that they saved cost everywhere else ...
Even for ICE cars, the competitiveness of China manufacturers is increasing rapidly. From January to February, 2024, China exported 640,000 ICE cars, up 39% year-on-year.
but we knew this since around 5 years ago.....what have the legacy car manufacturers have done to compete with China lower cost high quality vehicles, not much! I live in Mission Tx just few miles from Mexico, everyday I see several China made cars and SUV's driving around.....they are fricking nice looking!! the legacy automakers are doomed.....just imagine the market share they are loosing all around the world, is crazy, people who used to buy an Explorer now they bought a Chirey Tiggo 8 pro Max.... is my uncle and he LOVES IT!
It's just like last time with the Japanese car companies. Daddy Bush went to Japan and demanded Toyota to reduce their market share in US. The Japanese then said - well Toyota CEO makes $300k and Detroit CEO makes $3m, surely your car companies are not in that much of a trouble. The American executives exist to enrich themselves. I am sure they have accomplished their objectives in the last five years.
Yep but our country China didn’t open our internet market to American internet companies though . didn’t open our financial markets for the citizens to invest in the US stock market
@@kenyup7936 My American internet companies don't want to follow your law, we want you to follow my American law, we don't want to put our servers in your country, we just want your data. We are America, your law mean nothing. What did you say? We can't do business if we don't follow your law, this is outrageous
@@godzillamothra5983 it’s totally fine, don’t worry, but in the other hand, our country is kinda minority which not opened internet markets for American internet companies , not like anywhere else, it’s totally oddity tbh
It’s because the mindset of leaders of Chinese companies are different from US companies at the moment. US companies are most concerned with making more money and profits as their bottom line and not necessarily improving their cars but stuck in their old ways without innovation. Chinese companies at the moment are most concerned with innovation and improving access for their “countrymen” and the “average joe” and cutting costs/efficiency.
That is the correct question. The answer is, like all financial empires, USA is now built on the principle of maximizing the attrition in the production process. You can think it as the instinct of vampires.
Chinese quality has only ever been as good as people were willing to pay. DJI drones have always been good. Same with Huawei phones. Chinese brands push quality. Western brands trading quality for profit is where the drop was. China was willing to cut quality to meet a price point.
I have a Xpeng G6 755km range(wltd is 620ish)... fast quiet smooth, heated seats/steering wheel, preheat heat/cool car from phone a minute later is all warm/cool a must need in winter/summer, self park/drive, phone control... and I think your Tesla lacks: surround smart voice command(no need to say hi rear passenger say open window his window opens... and wifi. drove 5000km cost was 1 tank of gas n minus endless maintenance costs..... never going back to ice luv me some cosy warm seats n steering wheel in zero degree winter.
Why our carmakers have to the US even US have so many sentiments? huh just like someone does want a relationship but someone else keeps trying to, it’s like a sexual harassment?
Why doesn't the US simply drastically reduce the cost to make a car vs talking tariffs? Tesla has stated their commitment to do so. Meanwhile, let Americans save money and buy SUVs for $8k from BYD, Tesla or others.
@@Dfgbuiiyyyybb Reducing the costs can increase margins and profit. Labor is only one part. Equipment, supplies and raw material prices are other areas. Making cars way faster reduces costs too. It's not all about labor cost.
@@Dfgbuiiyyyybb Educate yourself. Auto manufacturing is a super low margin business. "Record profits". Maybe. Considering inflation, don't you think the dollar amount on net profits should be higher year by year?
Big Auto is shaking in their boots right now. Their only hope is to lobby an insane amount of money to get more trade restrictions. Ultimately competitive market forces will prevail
The Office of Naval Intelligence (ONI) recently assessed that the China's shipbuilding industry fields 232 times the shipbuilding capacity of the United States, representing almost 50% of total global shipbuilding capacity.(Feb 18, 2024)
Better price, good quality and comes with plenty of lifestyle accessories. Raising the CP valuating of consumers, setting standards. By the way, I always felt the US government is helping their own automakers rip off their own US people.
The prices of goods and services in China are about 1/4 of that in the US. Although the wages of the Chinese worker are just 1/4 of the US workers, they can still live a decent life. That's why the products made in China can just be 1/4 of the price of US products.
@cnbc what I want to know is why they have the cost advantage? Is it labour? More efficient factory design? Better car design? Less features?Getting away with less regulations? Cheaper parts? More vertically integrated? Government subsidy?
This is the tip of the iceberg. Consider that in China one can buy a four-seater city run-about EV for $2,850 and then pay $20/month for the battery (or pay $4,730 outright). The company making it, is actually a consortium including General Motors of the USA or one can buy the world's most advanced SUV that can do tank turns, can ford rivers and lakes and produces 1200 hp for $150,000.
In fact, $2,850 can't buy a real car in China, only a four-wheeled mobility scooter for the elderly, which the government won't license, so it can only be driven in rural areas. But Chinese cars are really cheap, at the beginning of 2024, nine car companies have announced big price cuts, and the Chinese people are very happy about it. For example, BYD Qin, is a hybrid model, can be refueled can be charged, and now the minimum distribution as long as 11,000 US dollars can be bought, this price is very cheap for Chinese people, the configuration relative to foreign cars is also quite high, and now it is selling very well in China.
@@Biggest-fy1tf May I suggest you actually learn before you post. One of the best selling cars in China is made by a GM joint venture. Why don't you actually come to China and learn, because you'll see them all over the place. Any guess which car it is?
The tariff imposed by the United States on Chinese cars is 28%, which is why Americans cannot enjoy affordable Chinese electric vehicles. I hope one day American politicians can have a clear understanding of what the people want, rather than seeing Chinese electric cars as Apple phones with wheels (constantly monitored by the Chinese government?)
for 20 years. car brand like Volkswagen or Honda are the most popular brands in China. meanwhile chinese car is a joke even for chinese. at start we copy the shape of famous car but the quality is bad. chinese customer won't buy it and those companies went down. after that chinese company start to invest in Western car manufacturers and open factory in china to build Volkswagen,bmw. and in exchange, we have the knowledge of how to assemble cars. making good quality car parts which can also used in chinese cars. some chinese customer started to buy chinese car for cheaper price but complain about the engine. later we realize that we can't build the best engine to compete with them in short times. so we decided to cut corner. ev is the future. so now we can build good ev. we don't need to copy the shape. we just haired other Europe good designers do it for us.
The Reasons that Chinese cars are so cheap are 1. Cheap materials. China can produce all parts in their country. All they imported are raw materials like iron ores 2. Cheap energy. 3. Cheap logistics. 4. Cheap Labor. Can you imagine US auto giants pay 150k and benefits for workers who only are responsible for tightening the bolts?
