How Chinese EVs Are Taking Over Mexico

Подписаться 3,6 млн

Просмотров 756 тыс.

0% 0

Mexico has quickly become a major market for Chinese auto makers. Last year, China was the leading car supplier to Mexico, exporting $4.6 billion worth of vehicles. Some Chinese electric vehicle makers - including Tesla-rival BYD - have been looking for a further foothold in North America by exploring factory sites in Mexican states Durango, Jalisco, and Nuevo Leon. For Mexico, the foreign investment is an economic boost and some local governments have offered incentives to Chinese companies exploring factory options. But U.S. officials worry this could be a part of a larger strategy from Chinese auto makers to skirt trade restrictions and enter the American market. Experts say this leaves Mexico in a difficult position of maintaining its crucial relationship with the U.S. without being overly friendly to Chinese investment. Now at the center of a trade war between two major powers, how has Mexico quietly become a hot spot for Chinese EV companies and will the country become a “backdoor” for these cars to drive into the U.S.?
Chapters:
1:32 How Chinese EVs are taking over Mexico
1:36 Chapter 1 - China’s entry to emerging markets
5:12 Chapter 2 - Mexico’s auto paradise
8:30 Chapter 3 - Highway to the future
Produced by: Merritt Enright
Edited by: Evan Lee Miller
Animation: Christina Locopo, Jason Reginato
Supervising Producer: Jeniece Pettitt
» Subscribe to CNBC: cnb.cx/Subscri...
» Subscribe to CNBC TV: cnb.cx/Subscri...
About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.
Want to be more successful and confident with your money? Take CNBC Make It’s new online course. Our expert instructors will help you master your money and discover practical strategies to boost your savings, reduce debt, and grow your wealth-in a way that works best for you. Enroll in "Achieve Financial Wellness: Be Happier, Wealthier & More Financially Secure" to start your journey to financial freedom today! Get a 30% discount with the coupon code EARLYBIRD until September 2, 2024: cnb.cx/3WiasGB
Connect with CNBC News Online
Get the latest news: www.cnbc.com/
Follow CNBC on LinkedIn: cnb.cx/LinkedI...
Follow CNBC News on Instagram: cnb.cx/Instagr...
Follow CNBC News on Facebook: cnb.cx/LikeCNBC
Follow CNBC on Threads: cnb.cx/threads
Follow CNBC News on X: cnb.cx/FollowCNBC
Follow CNBC on WhatsApp: cnb.cx/WhatsAp...
#CNBC
#evs
#tesla
#China
How Chinese EVs Are Taking Over Mexico

Опубликовано:

10 сен 2024

Ссылка:

Скачать:

Готовим ссылку...

Добавить в:

Мой плейлист

Посмотреть позже

Комментарии : 5 тыс.

@Ray-e7u 25 дней назад

Toyota Corolla in China: $11K Toyota Corolla in U.S.: $30K TBH our auto manufacturers are getting too comfortable

@tedwong7037 25 дней назад

still nobody wants a 11K corolla anymore in China so the sales declined drastically

@ka0s-j1g 25 дней назад

Thats why u buy it online then haveit shipped over here and then resell it to carmax for 25k. Easy 15gs made

@Kalinga_3 25 дней назад

Quality differs. They use cheap plastic, bad safety features in Chinese models. Also many are manufactured in China so less transportation cost

@metaphor4439 25 дней назад

⁠source: out of my ass

@god4489 25 дней назад

@@ka0s-j1gimport tax

@sigma9326 24 дня назад

It’s not the U.S. consumer that’s nervous. It’s the U.S. automotive industry that has been gouging the hell out of us that’s nervous.

@jab376 19 дней назад

Correct. Car industry is vicious. Overcharging U.S consumers like crazy.

@yogoombah2356 19 дней назад

They have to pay auto union workers somehow, they'll be the first to suffer because of cheap slave labor in Mexico.

@pablostraub 19 дней назад

Calling Mexican laborers "slave" is a racist, ignorant comment.

@wetzinalvarado6930 19 дней назад

And im 100% they will push the government in order to ban chinese brands even in mexico, they did it with Huawei

@tunkufazuintunkuzainalabid5683 18 дней назад

@@yogoombah2356 nothing to do with the auto union, your dealership does price gouging for popular models up to 30% of recommended retail price. You think that's fair?

@jonathanpowell9979 25 дней назад

US moves car factories to Mexico that's fine, but China does the same and people freak out. I want the cheaper cars

@warpet2011 25 дней назад

You have no idea how cheap they really are, go ahead, buy one and see,

@tooltalk 25 дней назад

move to Mexico.

@francismarion6400 25 дней назад

move to China.

@hpw-ws6bj 25 дней назад

@@francismarion6400go back to Europe

@Bookworm214-y3d 25 дней назад

I have one, they are fantastic, I own 3 cars and 2 are American... The BYD is easily the funnest to drive

@gibalves85 20 дней назад

In Brazil, we don't have a national car brand; instead, our market is dominated by American, European, Japanese, and Korean brands. Chinese automakers entered the scene in the early 2000s, but their cars were of such poor quality at the time that they were widely ridiculed. In 2020, Ford closed its factory in Brazil and shifted to importing cars from Mexico and the U.S. However, things took a turn when BYD entered the market. The Brazilian government requires car manufacturers to establish local factories if they want to sell vehicles here. Seizing this opportunity, BYD purchased the Ford factory that had been closed and began selling their cars, which are packed with advanced technology, at very competitive prices. This move caused other car companies to start lowering their prices as well. For us, this has been a great development. BYD offers a wide range of models that are not only affordable but also of high quality. The increased competition has led to better prices and more choices for Brazilian consumers.

@ChinaSongsCollection 19 дней назад

Win win 👍👍

@aaroncruz9181 19 дней назад

The Gaokao student can work now.

@jtt2512 19 дней назад

Competition is always good for consumers. The overcapacity is just other excuses for failure to compete.

@liwending2992 19 дней назад

好样的兄弟

@larrysmith2123 18 дней назад

data on safety?

@bobbob-gi1yp 25 дней назад

Competition is a good thing, the American auto makers just want a monopoly on expensive meh vehicles

@disdoncable 25 дней назад

Agreed! And now the American expensive meh vehicles have competition from Chinese cunningly-priced crap vehicles. So yes, this will bring down prices significantly of the American expensive meh vehicles....and that price reduction is the only good thing to come out of all of this.

@adolfo1212 25 дней назад

Competition is good, but not when you have a country backing you up with an infinite amount of money. Imagine owning a company that manufactures cars at loss but evade Chapter 7? that's the ccp competition

@ralphtaylor7448 25 дней назад

@@bobbob-gi1yp poor quality vehicles from china if you are poor and waste your money on this garbage that caches on fire

@slammerw3 25 дней назад

@@disdoncableI was in Shanghai. The local brands are ahead of most western brands. Avatr and Aito have high technology, comfortable and good prices.

@raymonddon8875 25 дней назад

we love, need & hope for chinese BYD's... at $9K per car - major game changer!!!!

@DSiri0039 25 дней назад

As a consumer that is not interested in using EVs, at least not yet. These cheap chinese vehicles has caused other brands (here in Thailand) such as toyota, mitsubishi etc. to drop their RRP which is good for all. So I am all for it. Competition is good for us consumers!

@IA100KPDT 25 дней назад

just get the byd hybrid with a range of 2000km.😎

@mingouczjcz3800 25 дней назад

Yeah, after dropping rrp, consumers spend the saved money on other economic sectors, which boosts the whole national economy.

@TheBooban 25 дней назад

@@mingouczjcz3800they spend it on more Chinese imports threatening any factories and jobs in Thailand.

@Jonathan.D 25 дней назад

That sounds great until people start doing research on how poorly the cars are made. They are not just poorly made. They are dangerous. On average eight of them a day burst into flames due to faulty batteries. Truck loads of them burn before even being delivered. Entire dealerships have gone up in flames due to these cars. The mfg can also do things like lock the owners out of their cars and worse. They also collect all personal data including video and audio. After doing a lot of research I can say with confidence that anyone who buys these cheap cars will not get what they paid for. I am very disappointed by this because their cars look really cool and have a lot of features. Unfortunately those features are often not quality made. Everything else from there is synonymous with cheap junk that does not last or is not as offered. So why would it be any different with their cars. Their own people are waking up to the fact that they are not worth owning. Why buy a car that puts the owners personal safety at great risk. Driving is dangerous enough.

@IA100KPDT 25 дней назад

@@Jonathan.D did you read this? In September, Hyundai and Kia issued a recall of 3.4 million vehicles in the United States with an ominous warning: The vehicles should be parked outdoors and away from buildings because they risked catching fire, with the engines on or off.

@saliferousstudios 25 дней назад

Just build a cheap car. Jesus. This isn't rocket science people. I REFUSE to believe that you cannot sell a car for less than 50k new.

@badbad-cat 25 дней назад

They want to keep milking consumers 🐄🥛

@oguzkaanklc2014 25 дней назад

Mesele sadece ucuzluk meselesi değil ucuz ve kaliteli mal meselesi.

@SifisoMoabj 25 дней назад

The funniest thing is, they claim to be the leaders of innovation... But they cannot even figure out how to reduce the price of the cars using innovative solutions. Researching new materials, boosting advanced manufacturing & AI, etc etc It's beyond them... Instead, they will try to discredit China by claiming China is able to reduce the price because of subsidies... Not innovation, not automation, not advanced manufacturing, not dominating the entire supply chain. Only subsidies.... Hilarious

@okwatever3582 25 дней назад

Just the big monopolies that lobbies for more dominance and control over the American market .

@LisaTao 25 дней назад

When there’s no competition, no reason for them to lower prices

@danl7442 21 день назад

The only threat is to American car manufacturers is that they won't be able to price gouge anymore

@stickynorth 15 дней назад

Yup. They want $20K MARGINS! We want $20K CARS!

@VLuee 11 дней назад

No more

@veildell6318 24 дня назад

It is so hard for American media to agree that Mexican are not stupid and they choose the best cars for themselves.

@chocolatesquirrel2002 20 дней назад

Hu, is hard to agree they arent stupid ?

@jorgesalazar818 20 дней назад

They will learn soon enough on the consequences of allowing China into the country. Just ask African countries how well that's worked for them.

@r.n.9633 19 дней назад

@@jorgesalazar818 Sorry, but China is the future.

@rolandgrz1975 19 дней назад

😂😂 son how many countries has china bombed or invaded . Your funny amigo@jorgesalazar818

@dago9404 19 дней назад

@@jorgesalazar818Whos they u pocho??😂😂

@jasonjean2901 24 дня назад

This "overcapacity" narrative is ridiculous. China exports 10% of its EV production. The U.S. exports 25% of its automotive production, Japan exports 50%, and Germany exports 80%. But somehow China needs to be singled out for "overcapacity". The fact that the U.S. government and media doesn't even make sense anymore is telling.

@charybdis8113 24 дня назад

How many EVs in that 10%?

@zeissiez 24 дня назад

@@ksrawat88 Which specific part of the stats is incorrect?

@D_2_M 24 дня назад

Lol double standards only for sore losers.

@KayyHong 24 дня назад

@@ksrawat88 --- is that a legitimate argument or just old fashioned hogwash?

@opp2218 24 дня назад

What About 10 percent of 1.2 billion of Chinese population vs 80 percent of 10 million German population.

@raymonddon8875 25 дней назад

im a poor yankee living at the states... BYD please come to USA. we cant afford $55K for a car, chinese BYD cars at $9K will save me and my family - big time!

@warpet2011 25 дней назад

They are absolute junk vehicles.

@cellobuddy251 25 дней назад

@@warpet2011so are Tesla’s tbh so may as well buy the $9k junk

@lppoqql 25 дней назад

@@warpet2011 BYD make great cars, why are you so angry?

@raymonddon8875 25 дней назад

@@warpet2011 why does brazil give them such high reviews then?

@MacrosFTW 25 дней назад

@@warpet2011CNBC should make a video about all the developing countries that are consuming the Chinese EVs to get their opinions.

@hectorcardenas2171 20 дней назад

I’m Mexican. Damn right! I was living legally in the US last year, I returned home to Mexico and suddenly I see many, many Chinese EV cars here in Mexico.

@hectorcardenas2171 19 дней назад

@edab2490 I’ve test driven the BYD here in Mexico, Myself coming from the US market, trust me I was surprised! BYD cars feel high quality, good materials and solid construction. Now I see both sides of the coin, US quality and modern Chinese quality (BYD).

@AltimaNEO 19 дней назад

@edab2490 Thats the thing, when it comes to cars, they learned from American companies like GM, who tried to enter the Chinese market and had to teach them all that stuff. They took that seriously. I mean BYD used to make Tesla's batteries. From a lot of reviews, and even European crash test data, BYD makes some pretty damned nice, safe cars.

@alonsorodal6250 18 дней назад

I don’t think anyone cares if you were living legally in the US

@josesanchez-yc9ee 18 дней назад

@@alonsorodal6250😅😅

@swthihi 18 дней назад

If he is not, we’d be hearing go back to Mexico.

@Rockrockyrockrock 25 дней назад

lol can you imagine the capitalist world crying cause they can’t compete? Crazy.

@oguzkaanklc2014 25 дней назад

😂😂😂😂😂en iyi yorumdu bu

@okwatever3582 25 дней назад

Underrated comment

@RadomDude-t2w 25 дней назад

lol , China is capitalists as well. The fact that they have dictatorship of one communists party has nothing to do with underlying economy that they run. Communism doesn't allow private property =)

@knoraziel 25 дней назад

👏 you nailed it

@ivand0007 25 дней назад

Clown

@jameshack485 25 дней назад

Americans always criticize China about subsidizing industries. So the $7500 tax credit to buy an American EV is not a subsidy? Or the billions in grants to build battery plants in America? America is just not competitive

@leahp1765 24 дня назад

Again American jobs workers are protected are you going to hire them?

@D_2_M 24 дня назад

@@leahp1765 protects from what???? if the company that hires them sells expensive car that no one could afford???

@leahp1765 24 дня назад

@@D_2_M Hon buy use cars they exist and are like less then $10000 some are even $3800 I know so cheap..you just love complaining

@lewismay5909 24 дня назад

@@leahp1765 What if I want something new. And why should I pay 50k for the same car costs around 20k in China.

@kjhkkgkgu 24 дня назад

@@D_2_M what are you talking about ? if no one could affard, why the total Sales volume of the US market is still rising.

@makauonesmus7357 25 дней назад

If America can't compete just shut up and stop the nonsense of government subsidies as if USA ain't giving massive subsidies to their companies.

@zylbygdfn6542 25 дней назад

Exactly…they keep mentioning how the Chinese government is subsidizing while they are also doing the same thing

@jojo-ep2pp 25 дней назад

Americans bite their fingers watching other countries drive cheap and high-end cars from Zeeker, BYD, Xiaomi, Huawei, Geely..etc

@covertpuppytwo3857 25 дней назад

The one doing all the whinning and crying ... that would be China! How about China ... just shut up already and move on. Karma is catching up to you.

@tomtube1012 25 дней назад

They're the king of subsidies. Article Title : "The Real Cost of the Inflation Reduction Act Subsidies: $1.2 Trillion"

@peterii3512 25 дней назад

How many times has Boeing been bailed out?

@Sixrabbbit 19 дней назад

Too bad Chinese EV are illegal in USA to protect Elon Musk.

@nicknevco215 17 дней назад

No they are not just costly

@ThreePuttBogeys88 14 дней назад

Wrong.

@wackytoons88 13 дней назад

Screw that guy

@kimutone2970 13 дней назад

@@nicknevco215 the exact same.

@GlenisRetiredNZ 7 дней назад

They're not protecting Musk, they're protecting Ford and GM

@darkmatter5424 25 дней назад

Whatever happened to America's undying love for the free market? Is that only applicable when it suits them? 😅

@doujinflip 25 дней назад

The free market concept breaks down when competition gets acquired/litigated/bankrupted out of the market. That's what China banks on as it subsidizes its champions to loss-leading prices.

@misterfunnybones 25 дней назад

It's never been a free market. Subsidy & lobbying go hand in hand. Billionaires are a policy choice.

@user-zp6dz9jw3g 25 дней назад

或许美国现在的政客用来学习的教科书是盗版😂

@Admiral-General_Aladeen 25 дней назад

It was never really a free market. The US always had subsidies for it's industries and China had even more subsidies and high import tariffs when the US had none

@hehe-mq2bk 25 дней назад

@@Admiral-General_Aladeen lies

@pablolamont1899 25 дней назад

I'm from Mexico, bought a Byd SUV, same equipment that my previous X5 at half the price, uses half the gasoline and haven't had any issues with the car itself, great buy. Cheers!

@andrewsackey5728 24 дня назад

Wow, Which model

@pablolamont1899 24 дня назад

Song Plus

@KamBar2020 24 дня назад

Slava TEQUILA 🥃 Heroyam Burritos 🌯

@ksrawat88 24 дня назад

Half gasoline 😂😂😂 … many Chinese cars are eating dust here in Puerto Vallarta..😂

@DeTny-vj9nm 24 дня назад

@@ksrawat88 Eating dust? You must be putting US gasoline😂 My BYD is better than the $60,000 Tesla my cousin has in Los Angeles, CA.

@mauricioparamo5731 25 дней назад

Communists out-capitalizing the capitalists.

@tooltalk 25 дней назад

it's called neo-mercantailism..

@Omniback20 25 дней назад

@@tooltalk Mercantilism is still capitalist. You don't think the US subsidizes ford and gm?

@francismarion6400 25 дней назад

not exactly. The CCP is funding these car companies.

@francismarion6400 25 дней назад

@Omniback20 The Soviet Union produced and sold weapons and that wasn't Capitalism.

@hpw-ws6bj 25 дней назад

Fake capitalists.

@Kurumi_6_10th 19 дней назад

Americans crying on the comments because they are jealous and afraid of competition 🤣🤣 Chinese cars welcome to Mexico! 🇲🇽🤝🇨🇳

@MrGercela64 19 дней назад

Chinese cars are the future.

@alankennedy3747 18 дней назад

Same as the European car makers. They're crying because they can't rip us off anymore with average built cars. You go China. I love my MG5 EV.

@shutinalley 18 дней назад

Not this american. I've been waiting for this for........30 years.

@stumboguy 18 дней назад

Not the Americans- the big union, overpriced auto makers. The average American knows that overregulation, taxes at every step, and union wages are keeping us from being competitive.

@MrGercela64 18 дней назад

Chinese cars are a trend.

@syu9281 24 дня назад

Other countries have set up plants in Mexico. China does the same and suddenly it is a problem? Most car manufacturers have factories in China, but when China open factories in Mexico, and it is a threat? Also, this isn’t about China over-capacity. If it is, then China doesn’t have to build new factories outside of its borders.

@gatomichi2869 23 дня назад

Por que seria una amenaza?????

@blindmelon3420 19 дней назад

@@gatomichi2869 bien sencillo, porque si china pasa sus carros de 11k a Estados Unidos que vende sus carros en promedio a 55k les va a ir mal a las compañías gringas. Yo trabajé en una empresa en Monterrey que vendía sus piezas que fabricaba a $10 y luego vino una empresa china que empezó a vender piezas iguales en menos de $5 y pues todos les empezaron a comprar a los chinos. La bronca es que la compañía de Monterrey podía bajar sus precios a esa misma cantidad o menos y aún así les quedaba suficiente ganancia, pero no envés de buscar darle competencia a los chinos se la pasaban nomás chille y chille y quejándose de los chinos. Y eso es exactamente lo que les pasa a las compañías gringas. Si los chinos se meten, en vez de hacer competencia y bajar sus precios nomás van a estar chille y chille y quejese y quejese porque no quieren ganar menos de lo que ya están acostumbrados y es por eso que para ellos los chinos son una amenaza.

@gregoriokafka 19 дней назад

Because other manufacturers come from Vassal States of the USA. China is a real competitor and a threat to USA World hegemony. Simple as that.

@JavierHerrera-od4ti 19 дней назад

This is a very good point, many other countries "over-produce" and sell abroad, why is this a problem now?

@goner4150 19 дней назад

exactly, VW has been in Puebla, MX for ages

@Phil-p6k 24 дня назад

Dear Americans, your government doesn't want you to have nice things at an affordable price.

@swiftuiforever 23 дня назад

We already have good things here. Don’t need Chinese junk.

@nostradamus9608 22 дня назад

Yup! According to chinese, russian and other "friendly" trollZ. lol

@user-xp7nk9dw8d 22 дня назад

@@nostradamus9608 wrong wrong wrong CHINA WAS CREATED 20000 YEARS AGO. IT'S THE OLDEST CIVILISATION ON THE PLANET . USA JOBS DIDN'T GO ANYWHERE . USA IS A TOTALITARIAN REGIME FIRST CLOSE USA MILITARY BASES IN OTHER NATIONS THEN TALK . Whether Taiwan is an independent country or not is already settled With UN resolution 2758! In 1979, 2758 ruled that PRC mainland China is the only legitimate representative of China As of now 2758 still valid and the only one that counts! It has more than 1 80 countries J support superseding any other treaties documents & agreements! When 180+ countries speak, J it is final: Taiwan belongs to PRC mainland China. Abide by it! If you or KMT/DDP can't accept 2758, leave Taiwan & exile to other countries! You can even exile to the moon, nobody will miss you. It is PRC mainland China's Taiwan, not Taiwanese/KMT/DDP's Taiwan!

@user-xp7nk9dw8d 22 дня назад

@@nostradamus9608 yeah as an American in arizona . I am ok with china

@2005VolksWagenbeetle 21 день назад

Give us Mexicans good and cheap cars

@davidhughes4527 24 дня назад

Yeah. China's 'overcapacity' is hurting the US, and Europe. I want to know WHY the 'overcapacity' issue NEVER came up when the US and European cars are exported all over the world? Obviously all the cars produced in the US and EU cannot be sold in their respective countries and had to be offloaded in the overseas market. But you don't hear those countries cried 'overcapacity'!

@MacrosFTW 24 дня назад

I live in California and I would love overcapacity of Chinese Solar, batteries, EVs. Everything is more expensive here with the tariffs put on Chinese renewable technology.

@leahp1765 24 дня назад

Because less people in America and Europe

@tooltalk 24 дня назад

That's simple. Most cars in China are made locally in China -- all automakers, bar Tesla, were forced to form a joint venture with a local competitor so China can share profit and force transfer IP to Chinese companies. Just go look up EU's WTO complaint DS549 filed in 2018.

@tooltalk 24 дня назад

it's just that you never paid any attention to this. the CCP's market manipulation and domination was well known from the EU's dealing with China in solar panel business. No surprise that China employed the same modus operandi.

@user-xp7nk9dw8d 24 дня назад

@@tooltalk source?? Proof ???

@alvaroga1n 20 дней назад

The Americans are so scared that they had to beg their government to ban these amazing cars!!

@JJacobs803 19 дней назад

The government did that themselves 😂 US citizens didn't support it

@brodude3709 18 дней назад

I wonder if people can import from Mexico?

@Chicago_jake 25 дней назад

Those cars are affordable, and could really help some struggling families out here in this country.

@deanstyles2567 25 дней назад

How many struggling families can afford a brand new car?

@RomanticPopPunk 25 дней назад

How hard is it to finance a $10K car?

@Chicago_jake 25 дней назад

@@deanstyles2567 my point is there’s no affordable options for low income earners anymore

@ka0s-j1g 25 дней назад

@@Chicago_jakeis it my fault?

@MrMingsyin 25 дней назад

@@ka0s-j1g who are you then?

@bldomain 24 дня назад

CNBC always used subtle negative words on Chinese EVs but I am glad the majority of the comments here disagree. China is not scare of competition. If you go to China , you can see so many US, European, Japanese and Koreans products there.The Chinese sees it as a good incentive to compete and this benefit China. I am disappointed that the Americans are scare of competition especially from China. Their companies need protection from their government. I can hear chickens sounds already.

@Zarozian 22 дня назад

Their pride has caused their downfall

@tl1533 22 дня назад

No. I say blocking them from coming to US. They will destroy US car industry. Block them. You can't compete with government subsidized manufactures.

@hasanjamil3969 21 день назад

Not to mention all the subsidies and bailouts US automakers get from the govt

@jogana6909 21 день назад

As an old capitalist country, US enterprises are incredibly afraid of competition.

@Heeroyui752 21 день назад

The Communist Chinese are more free market friendly than the hyper capitalist United States. Pathetic.

@FernandoPerez3h 25 дней назад

As a Canadian, I will buy my first BYD car this week.

@kelanzhi7269 25 дней назад

where? In Canada?

@selenium-es7hl 25 дней назад

Please tell me how they drive, I want to know.

@ericyuan9718 25 дней назад

Tell me how.

@kuebby 25 дней назад

I hope you've done your research, everything I've heard is the quality is terrible and you're lucky if it doesn't burst into flames.

@captives6479 25 дней назад

BYD only sells public transit buses in Canada now.

@rodrigos2492 19 дней назад

As a Mexican consumer, imagine 3-4 years ago seeing prices rise +25/30% from one year to the other for Japanese, US American, and European cars. Then come the Chinese cars with -20/25% in cost, with very stylish modern looks and with well-equipped cars (technology wise) compared to the basic crappy versions of the other automakers. Then right after suffering a big economic hit form pandemic, it was natural to consider a Chinese car despite worrying about quality or spare parts supply chain (who's buying a Ford subcompact when you can have a nice MG sedan). Regarding EVs, the BYD is not only less expensive than a Tesla, but is also better looking (Tesla's looks are outdated) and very good technology. A good product at a reasonable price, as a consumer is a no brainer. Every country uses subsidies, US is just trying to protect their foothold in the market and attacking propagandistically China is part of the strategy... maybe its just buying time for GM, Ford and Stellantis to get their thing together, catch up to Chinese and put a good freaking product at a reasonable price.

@gianmariamalmesi4133 18 дней назад

Imagine 3-4 years from now when that Chinese crap is gonna start breaking and fulanito around the corner is not able to repair it because there's no supply of parts, you'll find out that it would have been more convenient to buy a FORD, NISSAN, TOYOTA or VW than a BYD

@Caxacate 18 дней назад

@@gianmariamalmesi4133 do you really think chinese cars won't be present all over the country in 4-5 years?

@Ricklard478 17 дней назад

@@gianmariamalmesi4133 holy cope.

@gianmariamalmesi4133 17 дней назад

@@Caxacate they will be because the Mexican car market is oriented to cheap products but this doesn't mean they are delivering a good product. China is dumping its overproduction all over the world; the difference between Mexico and USA/Europe is that there's no barriers in play from lawmakers

@anluirodriguezcarreon998 17 дней назад

@@gianmariamalmesi4133cheap propaganda, I bought an MG 3 years ago, my neighbors bought a Ford like two months after me. I can't remember now how many times my neighbors have taken his Ford to the shop. I've never have any issues with my MG

@nickborcic8177 25 дней назад

Sounds like the US automakers need to make better and cheaper cars.

@tjayythedon3270 25 дней назад

It’s too late they had decades to invest in battery tech and software. Now they’ll have to die.

@tooltalk 25 дней назад

There are already EV leaders in the US such as Tesla, Rivian Lucid, etc, etc. their mass-volume models are a year or two away.

@tooltalk 25 дней назад

@@tjayythedon3270 Japan and Koread had 3 decades of investment and R&D in battery tech. China was acdtually very late to the EV battery game. China simply forced them to waive their IPR so they can access China's local EV market a decade ago, but practically banned them from selling any batteries in local EV market to protect the local industry.

@hehe-mq2bk 25 дней назад

@@tooltalk rivian and lucid are non players. almost no one buys them outside of the US

@hehe-mq2bk 25 дней назад

@@tooltalk so essentially China made leaps in battery innovation and production despite being decades behind in RnD? pretty based

@thewelshdragon.5979 25 дней назад

Why does CNBC make this sound like an evil thing. So arrogant and much hubris.

@ocampbell1954 25 дней назад

You don't see how a communist country who is subsidizing it's car industry to undermine our car industry is a problem? LOL You're gonna be funding their war when we eventually have it.

@tooltalk 25 дней назад

when would China allow foreign EV battery makers to compete in China?

@metaphor4439 25 дней назад

⁠lmao sounds like cope.

@user-cm2wf6ve6i 25 дней назад

@@tooltalk You are really a tool of China haters, telling lies with open eyes. Wasn't Tesla the only one in China? Battery? Can they be compared? Tesla uses Chinese batteries.

@jetli740 25 дней назад

@@tooltalk can they compete in china? there is no restriction for any to come

@supernovaHZ 22 дня назад

Now I have to buy a BYD car. The attitude of the U.S. government has already proven that BYD cars are definitely great and affordable. The more the U.S. government opposes it, the more it proves the quality of Chinese cars. Otherwise, what are they afraid of? If their cars were of poor quality, they wouldn't be able to survive in the U.S. market at all. The invisible hand of the free market economy would cause their business to collapse.

@stevenpreston5619 17 дней назад

Agreed

@Sora8112 17 дней назад

I mean if you live in the USA you ain't getting one

@Sora8112 17 дней назад

And if not and you live where you can buy one then why do you even care? Idk man seems odd

@hemiedwards217 17 дней назад

I love the self-serving overcapacity narrative being peddled here. Nobody says that Toyota or Hyundai were overcapacity in their domestic markets and had to sell in more developed markets. lol. Or John Deere was overcapacity in the US market and had to export internationally. Why the double standard? It's really quite pathetic.

@Genesis95- 25 дней назад

People prefer BYD because they’re cheaper and better quality than Tesla. Get over it jealous Americans.

@xDUnPr3diCtabl3 24 дня назад

Cheaper? Yes. Better quality? Well… no.

@user-by6fy7wm2r 24 дня назад

@@xDUnPr3diCtabl3Honestly, Tesla made in China＞BYD＞Tesla made in America.

@santostv. 24 дня назад

Byd dolphin is 30k€, mg4 28k, Tesla 3 41k€

@Aaron-bh5cp 24 дня назад

@@xDUnPr3diCtabl3 Doubt that you've driven either. The Teslas made in the states are such sht quality that the bar to be better than them is 6 feet underground. Worst build quality I've ever seen in any brand. So bad that it makes Maserati look like actual luxury cars. I saw some Chinese EV showroom models while vacationing in Shanghai, and the quality is not even close. Tesla is ages behind everyone, but especially behind Chinese EVs.

@xDUnPr3diCtabl3 24 дня назад

@@Aaron-bh5cp My Tesla is from Shanghai. ;)

@fangyideng3131 22 дня назад

This video feels like propaganda by the US government and companies, they know US auto industry is not competitive enough against Chinese, so they're using this Red Scare tactic to keep consumers comfortable paying unreasonably high prices on new cars. Remeber, fair competition in market ALWAYS benefit the consumers.

@eljefe5858 22 дня назад

Nop. 95% of México make less than 800 USD monthly. And a Tesla is more than 100 K if I am not wrong

@Ranaimuye 18 дней назад

America doesn't understand China. China understands that America is merely 4% of the global population & its consumption % high as it is is nonetheless, miniscule.

@cd7856 12 дней назад

Let's be realistic. Remaining automotive jobs in the U.S. are some of the few remaining manufacturing jobs that pay good wages. If the Chinese come in and take marketshare from the American OEs, the American OEs will be forced to cut good paying American jobs... And, if the Chinese come to dominate the market one day, the American workers may end up working for Chinese plants here in the U.S. That is all very possible. Come on, GM is like a bloated cow dieing in a field, waiting for the vultures to fly in. Stellantis is crap and broke. Ford is struggling to find a strategy that makes $$$. They clearly cannot stand up a wave of Chinese competition... So, consumers may get cheaper cars with better tech for a while. But, the American standard of living will decline. Anyway.... I beileve the U.S. goverment's bigger concern is that the Chinese are getting ahead in the EV and AV spaces to a point at which the American OEs may never catch up... China could very well end up dominating the industry and related industries for the next 100 years and beyond.

@I.0003 25 дней назад

People prefer Chinese evs because they are affordable.

@SifisoMoabj 25 дней назад

Affordable, good quality, great technology. The whole package. Elon musk used to laugh at Chinese cars in 2008, now he changed his opinion. He considers Chinese EVs the most competitive in the world by far...

@alfreedng 25 дней назад

Not only that, the quality of Chinese EVs are of good standard as well, especially those capable for exports

@beaulieuRule 25 дней назад

even US cars are pretty much China parts....

@SemekiIzuio 25 дней назад

And no subscription or locks in the system

@jbwshox 25 дней назад

@@I.0003 and great quality

@chema8360 21 день назад

Meanwhile In Elon Musk's mind "I'm afraid to take my Tesla's plant to Monterrey, my dad Donald Trump could be mad at Me"😂

@yonghuachen7075 24 дня назад

US: I can not compete with the Chinese, I have to push them off the US border

@deeznutz5825 19 дней назад

That's the wild part, the US already has good affordable electric and hybrid vehicles, the manufacturers just choose not to make them as the unit cost is lower.

@juventinorodriguez3639 25 дней назад

It is hard for Americans to understand that Mexico is no longer the back door, it has become the front door.

@KamBar2020 24 дня назад

Slava TACOland 🌮 Heroyam Tequila 🥃

@ksrawat88 24 дня назад

😂😂😂 agree

@panaderofilms 23 дня назад

I knew a girl once that ONLY liked the back door..

@vivliforia2262 19 дней назад

In order to avoid the US tariffs, China is using Mexico as their backdoor.

@christophergallie2910 12 дней назад

You're wrong. Mexico just became the vacation house of the Chinese now.

@wendawei6447 25 дней назад

Enough with this chinese 'overcapacity' talk. Aren't western countries biggest supporters of globalization? In a globalized world economy, the country that leads in EVs should specialize in EV production and export as much as possible.

@jetli740 25 дней назад

over capacity then said they want open factory in mexico both cant be true.... these reporter are brainless

@weirdshibainu 25 дней назад

Not western countries. A handful of globalists.

@kumar.193 25 дней назад

Google utube Facebook Twitter Netflix Wikipedia to list a few blocked for decades. Where was the talk about globalization back then. Hypocracy of China.

@KamBar2020 24 дня назад

Make TACOs 🌮 Great Again

@grantcivyt 24 дня назад

@@wendawei6447 It's a problem when those EVs are subsidized by the CCP. In that case they aren't market forces but rather government price manipulation.

@cweaver4080 19 дней назад

I recently have stopped caring if Musk goes broke.

@juanmartin1729 25 дней назад

Because it is cheap and affordable to mexican and Latinamerican ppl despite not being produced in Mexico or Latin America, compared to electric cars from the USA, which, despite being produced in Mexico and Latin America, are not affordable for the people who manufacture them for the American market

@adampgrm 25 дней назад

Maybe if America stopped investing every dollar they have into Israel, they might have affordable cars too!

@lintong3084 25 дней назад

I think Chinese car makers are building factories in Mexico and Brazil to produce locally

@Do-not-be-sheep 25 дней назад

because CHINA is selling their cars below cost to destroy the competition

@covertpuppytwo3857 25 дней назад

Is it in Mexico's best interest to buy them? Car manufacturing and its supply line is big business for Mexico and employs a lot of their people. If China's near slave-labor market takes over... are the Mexican people ready to slave away building cars to match the Chinese?

@l.r.jaramillomerino5856 25 дней назад

@@covertpuppytwo3857Man, we are already slaves 😂

@chingonsh7641 24 дня назад

We don't care if your lawmakers don't let you drive cheap, good quality chinese cars. We in mexico can love these cars. We can't afford your 100k ford or chevy trucks so if you can't compete don't try to prevent other countries from selling their peoducts

@merrychase9744 24 дня назад

yeah i don't know why CNBC is so concerned about Mexico, its free to buy any vehicle it chooses right...

@2005VolksWagenbeetle 21 день назад

@@merrychase9744 probably they dont want a China 2 at his side

@rawberto8282 20 дней назад

Que no te han informado como estan esplotando sus baterias de litio y nada apaga el fuego? Las flechas se quiebran con un simple bache. "Made in china" compa. Wait a minute, are you fudging 50cent army dude?

@chocolatesquirrel2002 20 дней назад

Ese carro barato te va a salir caro en un par de años

@jorgesalazar818 20 дней назад

Esos carros estan hechos de papel compa. No gastes tu dinero.

@Maggotsforlunch440 25 дней назад

Maybe the American brands should stop building expensive junk.

@Synoopy2 23 дня назад

America has always been a leader and not a follower. Mexico - We are turning to EV's; US - no thank you.

@andybaldman 23 дня назад

They never will. As long as they are associated with status. Americans will buy status, even if it’s garbage.

@juant5016 20 дней назад

Sounds hard because American companies are GREEDY and only cares about rising the stock price

@jchanmcse 19 дней назад

Agreed!

@mucharejo1guacharacas915 17 дней назад

a threat from china automakers is not for the auto market , or for the consumers, but for the greedy corporations, that want exorbitant profits.

@demetrio3d239 25 дней назад

The Chinese brands that had come to Mexico, are making "traditional" brands to lower the prices for their cars. It's a win win even if you don't like Chinese cars.

@1988vikable 14 дней назад

Yes but what if their prices go so low that other car manufacturers cant compete??? They will monopolize the car industry. China floods the markets with cheap products to wipe out the competition. And many industries and countries have had to set up policy to protect themselves from these Chinese flooding of markets.

@AP-lf6qs 25 дней назад

We need BYD cars in the U.S, they sell their cars for $12k. The U.S gov can make 3k per car and i'm happy buying a BYD for $15k. But im not buying a trash Tesla for $40k.

@assamass 22 дня назад

A car in China: 10k€ Same car in USA: 25k€ Same car in EU: 35k€

@brodude3709 18 дней назад

Taxes and tariffs.

@brodude3709 18 дней назад

They don't want you to own a car in the west.

@brodude3709 18 дней назад

It's because of taxes and tariffs.

@chjin1796 18 дней назад

When Chinese cars were not yet competitive, they were sold more expensive in China than in Europe and the United States.

@mikemiller659 17 дней назад

the chineze cars are Crap though..U get what U pay for

@don-cw1yz 18 дней назад

20 global automotive companies from Asia, Europe, and the U.S. have manufacturing facilities in Mexico including GM, Nissan, Toyota, Honda, Volkswagen, Ford, Renault-Nissan, Fiat Chrysler, BMW and Mercedes. So the big three US auto manufacturers are all in Mexico with manufacturing facilities. GM & Ford are also big in manufacturing in China . Big Ford SUVs are made in China and shipped to the USA. It should be noted that GM & Stelantis were bailed out during the financial crisis by the governments of the USA & Canada. Then they expanded their manufacturing in Mexico. The big three also stuck it to consumers during the pandemic. Trucks priced at $80,000 to $120,000. All their vehicles went up in price and dealers invented "market pricing" to get more money out of consumers. So just how loyal are consumers to these companies? If China can produce a good product at a much lower price, consumers in the US & Canada will buy them. President Biden just levied a 100% tariff on Chinese EVs.But if China manufactured them in Mexico that tariff would not apply due to the free trade agreement. If consumers could get an EV or ICE SUV made in China or Mexico for $20,000-$25,000 there is a big market for that price point.

@oppenz3723 25 дней назад

It's free market, just like how you American loves to preach.

@ocampbell1954 25 дней назад

It's not just a free market. We have anti-trust laws to stop monopolies and other things in place.

@jeevan88888 25 дней назад

It's free market and china is trying to monopolise, be honest with yourself and others.

@estiennetaylor1260 25 дней назад

@@ocampbell1954ironic how murika can't compete when a competitor is delivering a superior product at a affordable price.

@ziggs123 25 дней назад

China blocked everything they can't copy. Now the west is blocking their cheap crappy cars and they act surprised now 😂😂 You can fool the white men, nice try tho

@100c0c 25 дней назад

@@estiennetaylor1260 Competition must be fair. Which China is not practicing.

@dazedhavoc 25 дней назад

How dare China make affordable, competitive green automobiles. They must be stopped.

@tooltalk 25 дней назад

When will China allow foreign EV battery competition in China's local market?

@kolviczd6885 25 дней назад

@@tooltalk Anytime if they can out-compete.

@weareallgodschildrenlovefr9556 25 дней назад

🤣🤣🤣

@ninersnation3298 25 дней назад

you don't buy their EVs, but you still buy either their processed lithum or its battery technology... Crazy how the chinese government figured them all out!!! The west wants to cut out the chinese supply chains, wishful thinking..

@KamBar2020 24 дня назад

Make TACOs 🌮 Great Again 🌯

@joey3291 25 дней назад

So it's okay that the US companies sell their ''overcapacity'' to CN for decades but not the other way around? intersting to know...

@kumar.193 25 дней назад

Google utube Facebook Twitter Netflix Wikipedia to list a few blocked for decades, but cry when import duty was raised. We know who started it.

@markuc 24 дня назад

@@kumar.193okay Kumar you are just regurgitating domestic Indian misinformation. They left because they didn't want to comply to Chinese domestic data laws... Just wait the same to happen to the Indian market

@KamBar2020 24 дня назад

Slava TACOs 🌮

@joey3291 24 дня назад

@@kumar.193 You know nothing. The things you listed are blocked because they refused to follow local laws about contents and data storage. BYD and Huawei followed every law but still got banned.

@user-xp7nk9dw8d 24 дня назад

@@kumar.193 India best achievements so far India's Hunger index 2013: 63rd rank 2022: 107th rank India's Happiness index. 2013: 111th rank 2022: 136th rank India's press freedom rank 2013:79th 2022: 150the the fourth pillar of worlds largest democracy is no more India's unemployment rate 2013:4.9% 2023:7.5% Unemployment rate never increase in growing economy.. india is growing only on paper and by loan India's Debt before 2014: ₹55 lakh crore 2023: ₹155 lakh crore India's GDP from 2004 to 2014: $709 billion to 2.04 trilion (almost triple) India's GDP from 2014to 2024: $2.04 trillion to 3.6 trilion (expected)...not even double

@cgrant-Z28 18 дней назад

US automakers have been manufacturing cars in Mexico for decades. They have a head start and should have the advantage so what is the problem? Same labor pool and same rules, and even better logistics. Stop the fear mongering.

@EZ-rs5zv 24 дня назад

From pharmaceuticals to cars, why does almost everything cost more in America vs other countries? Is it possible that our "democratically elected officials" care more about corporate profits than the well being of its the common people?

@MovieMovie-t9o 24 дня назад

N the taxes we need to pay r insane

@eish3291 24 дня назад

The answer is yes. Corporate,s fund their election campaigns. The voter merely puts an X on the ballot paper.

@amateur_football9751 24 дня назад

Example deodorant sold in US Walmart $7 dollars, in Mexican Walmart $45 pesos from the same American brands and same size!!

@escargotiskuhol 24 дня назад

And these corporations also demand tax breaks in addition to subsidies

@qwenqwen1476 24 дня назад

Ask them CEOs how much they make and their bonuses! It should be criminal!!!

@dadisphat6426 25 дней назад

So Tesla, an American company, can sell cars in China, but the Chinese can’t sell their cars in the US? Doesn’t seem like fair competition to me.

@user-by6fy7wm2r 24 дня назад

And Tesla also received a lot of subsidies from the Chinese government😢.

@Blaze6432 23 дня назад

Not exactly the same thing as Tesla's cars are not imported in China. This video is discussing Chinese manufactured cars imported into the US.

@Cornelius87 25 дней назад

I mean, American and Japanese automakers set up shop in Mexico yet they price their cars in the US as if they were built there. I don't see them passing on the savings to the consumer so it's hard to feel sorry for them.

@leahyan5038 25 дней назад

their goal is to make more profit not to pass savings on to costumer. that is why they are afraid of the Chinese EV because they will change market pricing expectations, goes profit margin the legacy brands has built up over time.

@leahyan5038 25 дней назад

legacy auto maker will be pushed out if they can not reverlutionize business model and production technology to achieve profitability in this industry. They are not showing any sign of progress at all.

@TheBooban 25 дней назад

@@leahyan5038you think Chinese companies won’t do the same after they take over? You think they sell cheap because they care about you?

@darinherrick9224 25 дней назад

@@leahyan5038too bad Henry Ford ain't around. His goal was to put his car in every driveway by paying high wages and charging low prices.

@silentmajority9162 25 дней назад

@@TheBooban There are thousands of auto maker in China, that is the reason the car there is so cheap.

@user-rl5wm1cm1k 19 дней назад

Can I fly into Mexico but a Chinese E.V. , drive it back to the U.S.A. and get a title??

@Frank01-f8n 25 дней назад

Why all western media focus on Chinese EV? In fact, the majority of China's car export are ICE cars and hybrids (about 80%). It's the whole Chinese auto industry that can build highly competitive products, not just EVs.

@ksrawat88 24 дня назад

Ohh yeah …😂

@user-vz4cn8pb3g 24 дня назад

Because they want to attract attention more than the truth, it is too harsh to ask them to explain the difference between plug-in hybrid and pure electric.

@user-xp7nk9dw8d 24 дня назад

@@ksrawat88found the beggar pajeed . 😆 🤣

@user-xp7nk9dw8d 24 дня назад

@@ksrawat88that name KS rawat . How's bipin rawat . Still bbq 😆 Pajeeds are always jealous

@tallest4eva 24 дня назад

A plugin hybrid is closer to an EV than an ICE, so you should probably relist your numbers putting EVs/plugin hybrids vs ICEs

@khiemdee4573 25 дней назад

Let the US consumer choose which cars they want.

@ninersnation3298 25 дней назад

$15,000 for a chinese EVs?? US government wants you to pay $35,000...

@KamBar2020 24 дня назад

Make TACOs 🌮 Great Again 🌮🌯

@bobbysup 24 дня назад

Too much money is involved to just let the US consumer choose what they want

@juant5016 20 дней назад

Car dealers just need to decrease their prices, its crazy how there are no affordable cars nowadays (10-20k USD), they only care about increasing every year their profit margins... SO GREEDY

@jackoneill28 20 дней назад

Democracy: Denied!

@car24dude 25 дней назад

I’m going to Mexico soon Gotta get a BYD

@reptilexcq2 25 дней назад

From US? Can you buy it from Mexico and drive it back to US? LOL.

@markchiu1716 25 дней назад

Biden will freak out

@tren133 25 дней назад

@@reptilexcq2 Apparently if you live in a southern border state (and also live/work in Mexico) you can get some sort of insurance exemption and essentially drive you Mexico bought and registered car in the US for at least one year at a time.

@KamBar2020 24 дня назад

Slava Burritos 🌯 Heroyam TACOs 🌮

@randomworld4662 18 дней назад

american government not allowed commercial chinese vehicle in their backyard! but they amassed their aircraft carrier in chinese and russian backyard

@williammok3602 24 дня назад

This piece is so insulting to the people in Middle and South America. It appears that nothing matters other than the precious US markets. Could American contemplate that Chinese EV makers built factories in Mexico to service the rest of the American continents

@ernesttorres4059 21 день назад

Central and South America don't have money to buy cars.

@Jatsotserah 20 дней назад

What would you think if they still call "America" a country? 😅

@chocolatesquirrel2002 20 дней назад

@@Jatsotserahit is a country and a continent aswell

@Jatsotserah 20 дней назад

@@chocolatesquirrel2002 one? Lots of. Canada of America, Mexico of America, Honduras of America, etc.

@carlitosway5748 19 дней назад

@@ernesttorres4059 yes they do, lots of cars in latin america, so much that theres lots of traffic in big cities, cant be due to people riding bikes or walking right? smh

@Brazza932 25 дней назад

Let them come. Americans people need a break from these greedy corporations. $10k for new car is a good deal. Early this year, I walked to a Toyota dealer and asked for the cheapest new car they had. They brought me a 2024 Corolla priced at 27k. We did the paperwork, few weeks later I received the document from the bank and payoff balance jumped to $38k. It took about three weeks after multiple calls and threats to sue for them to remove the additional charges. these greedy dealers and corporations are legally rubbing people.

@leahp1765 24 дня назад

Then buy use cars

@whatsyourname9289 24 дня назад

in China, corolla priced at 13k

@ericw127 23 дня назад

@@whatsyourname9289 13k is the price of last year. Now corolla in China is 11k USD. You can bring it home at about 12k USD include everything such tax or fees.

@toddcurtis1377 20 дней назад

And the current Corolla is an extremely undesirable vehicle from my point of view. For 27k you could get a nearly new Audi A4 premium or a MB C300 with fewer than 20k miles. Why would you buy a Corolla? (sorry. You do you. None of my business - but I wouldn't go there)

@juant5016 20 дней назад

Agree, companies just need to decrease their prices, its crazy how there are no affordable cars nowadays (10-20k USD), they only care about increasing every year their profit margins... always being GREEDY and caring only in the STOCK PRICE

@305heezy 25 дней назад

if American auto makers are SOOO terrified, maybe they should try to a radical idea: ADAPT. EVs don't need to weigh 3 or 4 tons (highly dangerous in accidents, tire wear is crazy), don't need to go 0-60 in 2 seconds, make batteries easier to swap and recycle, etc... make good quality cars that are priced to compete. Easier said than done, I know. Innovation is key, not fear.

@user-jb2om7cm8m 25 дней назад

That's the thing, there's not that big a market for compact sedans in the US anyway, far less battery operated ones. Most people want something a little larger, more comfortable, more utilitarian.

@jameshack485 25 дней назад

@@user-jb2om7cm8m Most Americans can't afford anything larger. A $30K all electric sedan would sell tremendously well but Detroit and the govt won't allow it. Need to make $50K cars to justify $100K salaries for union workers. Sad

@user-jb2om7cm8m 24 дня назад

@@jameshack485 I agree, the unions don't help. But Chevy bolts were 30k and not very popular. At that price there is a lot of compromise on range/charging time, same as Nissan Leaf...

@santostv. 24 дня назад

Americans don’t like cars under the c segment 😂 then they cry about prices

@EvanKnightIsGood 24 дня назад

@@jameshack485 You can get a long range model 3 right now for 35k after incentives, which is pretty close.

@user-zs9ek1bx5z 21 день назад

Trump indirectly makes China more rich and powerful... ⭐⭐⭐

@vivliforia2262 19 дней назад

China economy relies on exports to USA.

@wangyue 24 дня назад

After seeing the comments under the video, I feel relieved. Thank CNBC for proving that most people are not that anti-intellectual.

@jorgesalazar818 20 дней назад

I don't think you've commented on enough chinese automaker videos. Keep going. Hope china pays you well, but I doubt it.

@wangyue 19 дней назад

@@jorgesalazar818 Are you a clown? Three years ago, I spent the equivalent of $50,000 on a Zeekr 001 and I've been very satisfied with it ever since. What kind of car do you drive? Do you even understand electric vehicles?

@wangyue 19 дней назад

@@jorgesalazar818 Three years ago, I spent the equivalent of $50,000 on a Zeekr 001 and I've been very satisfied with it ever since. What kind of car do you drive? Do you even understand electric vehicles?

@jorgesalazar818 19 дней назад

@@wangyue damn you got ripped off. I have a 2024 electric Toyota that I spent 45k for. Thought that Chinese junk was supposed to be cheaper?

@wangyue 19 дней назад

@@jorgesalazar818 What a joke. You know that the Zeekr 007 model displayed at the recent cutting-edge technology exhibition in Japan was specially imported from China for an in-depth study of the essence of the Chinese automotive industry. After a meticulous disassembly process, every minute component was meticulously analyzed. The model received high praise: it was hailed as the most cost-effective example of a Chinese electric vehicle, its integration of technology is remarkable, and it was vividly described as providing a "Lexus-like experience" under the Geely brand. The publisher responsible for the disassembly of the Zeekr 007 is Nikkei BP, the largest publishing house in Japan. This publisher is no stranger to disassemblies; last year they disassembled the BYD Dolphin and published "The Thorough Dissection of the Chinese BYD Dolphin." At that time, they conducted a comprehensive disassembly of the Dolphin, including the body, battery, powertrain, electronic control systems, interior components, and more, leaving only the overall chassis intact. In the end, while they were full of praise for the Dolphin, they believed that Chinese manufacturers will lead the world in electric vehicles in the future.

@issiewizzie 25 дней назад

The US citizen should be asking "As long as it benefits my wallet " ...look after yourself as no one will look out for you.

@Psi-Storm 25 дней назад

That is stupid. Everyone is dependant on the other people doing good. As a restaurant owner you might want a cheap car, but if everyone buys cheap Chinese cars, then the production plant in your city closes down, and your business is in jeopardy too, because people can no longer afford to go eating out.

@jonathanquinn6729 25 дней назад

No thanks! We will protect our intellectual properties and protect our country’s intelligence. Everything you develop going forward will be stolen and replicated by the Chinese government.

@hehe-mq2bk 25 дней назад

@@Psi-Storm nope every man for himself!

@IaintTheHerb 25 дней назад

You make it sound like the citizen has a voice. 😂

@Jpaxart 25 дней назад

@@Psi-Storm even the big 3 American automakers Ford, GM, Dodge make the majority of their cars in Mexico for the US market. Tesla is the only one currently that makes cars 100% in America for the US market

@jorgehernandez493 25 дней назад

In the U.S. the automakers and dealers are abusive to their clients, they force them to buy expensive cars that hurt them economically.

@nobodynever7884 20 дней назад

They also install illegal devices on their cars to record their customer's driving habits so they can sell that data to insurance companies to make your insurance rates go up. Literally milking every last penny out of their customer. And I'm supposed to be patriotic and buy American cause 80 years ago Chevy's used to be made here.

@luisgomez3936 20 дней назад

Competition is a good thing because it helps to bring costs down! The fact that China wants to open EV production plants in Mexico to sell their electric vehicles is a win-win situation for American consumers, Mexican workers and Chinese manufacturers. Clearly the U.S. car producers like Tesla are frightened that their vehicles will be forced to lower their cost and thereby reduce their exorbitant profits!

@ocman11 25 дней назад

As a union man myself. UAW dug their own grave. They pushed legacy auto to stay legacy. Innovation was the last thing they wanted. Now the big 3 will not be competitive for this next generation of transportation.. "Made in USA" does not carry the same weight anymore. Especially when there are quality concerns and a commodity that is double the price compared to their rivals. Congrats on your short-sided contract. 🎉

@syproful 25 дней назад

Then why not all support Tesla instead of fighting it like dumb asses ? Maybe not personally you. But the US as a whole. Tesla is world number 1 or 2 depending on the quarter right now. The Y was worlds best selling car. And yet some idiots in America fight it. Not liking Musk is ok. But atleast support the knowledge and research. People working there can go work for other companies and so on.

@DiamondFlame45 25 дней назад

This price gouging was happening way before the unions kid.

@peterii3512 25 дней назад

@@syproful the fact of the matter is Tesla fumbled the bag. Their cars are full of production problems and are unrepairable by yourself. Wait times are way too long as well. We got outcompeted.

@doc-vg9lq 25 дней назад

Ughh Made in the USA with automobiles has always been bad. Ford, GM, etc. make some of the worst cars with issues on the market. Toyota is probably the most reliable. The other issue are the union costs for American car companies ironically who have to overpay and coddle their employees w/ 4 day work weeks thanks to union laws. China doesn't have to deal with that. There's a reason why China can sell a reliable $10k electric car that rivals Teslas. The main reason US lawmakers place those tariffs and are reluctant to allow Chinese cars into the US is they'd put American auto manufacturers out of business. It's sad that we have to pay 3x's the costs for vehicles and everything else thanks to union costs for subpar overpriced EV's and oftentimes American cars that have a reputation for not being very reliable. i'm not even a Republican but one of the issues i agree with them on is that union workers should be able to be fired and replaced. Get rid of unions altogether and American cars suddenly drop substantially in price altho still much higher than China due to our labor costs.

@agvga5510 25 дней назад

⁠@@doc-vg9lq Dont blame unions, blame the undying greed and sloth of the American people. In better news Americans are already changing their standard of living. Van life, small homes, solar sailboats. Downsize and buy foreign is the new modern america

@dennish5150 22 дня назад

With only 4% of the world population US think China will really care for this market while forget the rest of the 96% 😅😅😅

@randomworld4662 18 дней назад

with 40% of world economy

@winkstorm 18 дней назад

@@randomworld4662 but they don’t buy 40% of the world’s vehicles (units). The rest of the 96% want a car also.

@Gepap3 18 дней назад

@@randomworld4662The US has 25% of GDP in nominal measures, and less in PPP terms.

@Chris-rg6nm 17 дней назад

@@winkstorm There is a big car culture in the US. 91% of households own a car. In India 8% of households own a car. The US leads the world in car ownership per capita.

@dennish5150 17 дней назад

@@randomworld4662 my comment with link has been deleted a few times. I guess MSNBC does not like me 😅😅😅

@Mateomartinez-u1z 25 дней назад

The same thing happens here in Thailand ❤.

@Micksmix256 25 дней назад

I was just in Thailand, and as an american loved the chinese cars like BYD. especially seeing the prices advertised. I wish the US would get on board.

@TomSimba 9 дней назад

Can you blame the Chinese for coming up with a better and more affordable product?

@MarktYertd 25 дней назад

The same thing happens here in Germany, American cars are way expensive.

@jeevan88888 25 дней назад

What are American cars doing in Germany?

@ka0s-j1g 25 дней назад

@@jeevan88888u dont need to know mind your business

@MatthewBaur 25 дней назад

@@jeevan88888 The only relevant (apart from Tesla maybe) American car manufacturer in Germany is Ford. Given the fact that their production line in Cologne was built in the 1920s it's basically a German car manufacturer. Most of their models would never sell in the US.

@covertpuppytwo3857 25 дней назад

The same thing happens here in the USA... German cars are way expensive.

@KamBar2020 24 дня назад

Make TOYOTA Tacoma Great Again 😎 Scotty Kilmer

@gerardopc1 21 день назад

"Be a good American and pay x2 or x3 the price for an electric car but don't buy an EV from China 🚗" - An American corp .... 😂😂😂

@pandabearoceanpark 24 дня назад

This video kept saying that Chinese car is cheap (as in price), but in fact, the Chinese cars are well design, stylish and have much better features. That's why Elon Musk said that, if Chinese car comes into the US, it will wipe out all the American cars. And stop saying that China has an overcapacity of cars. It's determined by the market, not by what the US government says! So we Americans, thanks to our government, will be paying more for less!

@PelosiStockPortfolio 24 дня назад

Wrong

@amandagrant4331 23 дня назад

If the cars made in China are really that bad, then the US government doesn't need to impose high tariffs, just sit and watch them fail to sell. Obviously, the opposite is true.

@Intel-i7-9700k 20 дней назад

@@PelosiStockPortfolio Wrong

@antoniotarin День назад

BYD has done for electric cars what Tesla has not been able to do: Sell affordable EVs, and that changes everything. If EVs are going to have a real impact on mobility it needs to be in the hands of everyone. People need to have the chance to choose an affordable EV equivalent of a Mitsubishi Mirage, Chevy Spark, Aveo, etc.

@penghenry7586 24 дня назад

The comments are much better than this video itself! Good job CNBC! The real problem is not Chinese car companies, it’s the big 3 in the U.S. are too comfortable to sell their unreliable and overpriced vehicles to the general public. Let the public buy whatever they want and make some extra tariffs off your own tax payers🎉

@escargotiskuhol 24 дня назад

And those big 3 ask for more subsidies and tax breaks but still continue increasing prices

@Tabula_Rasa1 25 дней назад

The guy talking about safety on the Chinese cars. A lot of them have 5 stars rating in Australia and Europe, so safety is not an issue. Main reason why they are selling a lot of Chinese cars in ASEAN, AUS, ME and Latin America is because those region don't produce their own cars and it is not bc of lack of safety or regulation. Europe and America does, so they are in protectionist mode, which is understandable. Chinese cars sell because it is affordable, have a lot of features and it well made. One thing they lack are prestige like the German cars, so they can't command a higher price tag.

@KamBar2020 24 дня назад

Make TOYOTA 🗾 Great Again 😎 Scotty Kilmer

@user-ce6zp7pg1n 24 дня назад

what a f--k joke german cars and safety!!! remember the elk !!!

@kennmossman8701 24 дня назад

Two Chinese Cars Earn A ZERO Safety Rating In Australian Crash Testing - AutoSpies Auto News.

@kennmossman8701 24 дня назад

Chinese brands are around the 2-3 star safety rating.

@BSPBuilder 24 дня назад

@@kennmossman8701 What you said is completely false: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-SX_t4vtf-Hg.htmlsi=GuiOa4nwbuMsMBED

@MGZetta 25 дней назад

It feels like China has infinite money to subsidize everything that has ever existed if you hear Americans complaining. I thought America owns the world reserve currency and owns literal money printers with their unlimited debt-ceiling. How is China out subsidizing and out competing the US. Lol.

@tedwong7037 25 дней назад

if subsidy can save american manufacture, I would like to see the 35 trillion USD used on subsidies instead of funding warmachines

@MacrosFTW 25 дней назад

It seems like China knows what industries(solar, EVs, batteries, chips) to subsidize decades in advance while America is subsidizing industries(oil, gas) of the past.

@tooltalk 25 дней назад

@@tedwong7037 Sure, the US military presence in the South China Sea and many other Asian regions is the only reason why China can't run amoke.

@reptilexcq2 25 дней назад

US can print as much as they can to subsidizing anything they want. But the problem is they realize that the more they print, the higher the inflation lol.

@lipincheng 25 дней назад

@@tooltalk kidding whom?

@hi9580 12 дней назад

1. Don't allow cheap vehicles into USA, cite poor safety, privacy issues, national security threat, low quality. 2. Ban cars, only sell $100k+ SUVs and pickup trucks, increase price by $10-20k every year. 3. Profit.

@walhdamaskus2408 25 дней назад

Agressively??? I dont any chinese military or soldiers in Mexico at all.

@amandagrant4331 23 дня назад

When Chinese came to Africa, they talked about trade. When Americans came to Africa, they talked about China.

@Gman979 24 дня назад

Funny there's zero mention of over capacity on other Japanese, Korean and other brands except Chinese brands. Why?

@Blaze6432 23 дня назад

Japanese and Korean brands are heavily American now. Toyota, Nissan, Hyundai, and Kia are all now local since they are multinational with their at least part of their HQ being American.

@Gman979 22 дня назад

@@Blaze6432 Dafug you are talking. They are all over here in China and in Asean the last 40 years.

@rasheedb4762 24 дня назад

So the consumers have no say? If they want cheaper, good quality cars, why force them to keep buying expensive US cars?

@Anton-zu3py 18 дней назад

American automakers are getting way too greedy over pricing their vehicles to outrageous prices. The cheapest vehicle in USA,cost around $35-$47k.(that ain’t cheap at all). Now…. You have the option to purchase a decent vehicle for around $12-$17k ; of course you’re going to buy one of those Chinese cars.😂😂😂

@mechalovessquirrels 25 дней назад

Congratulations Mexico for choosing what is good for your people, economy and climate.

@tren133 25 дней назад

Actually Mexico is being strongarmed by the US to discourage the Chinese from opening factories. They better grow a back bone quick because there is a free trade agreement across most of Latin America, and the Chinese can go build cars in Brazil to compete against the cars made in Mexico.

@KamBar2020 24 дня назад

Slava TEQUILA 🥃 Heroyam Taco 🌮

@dusan-renat 23 дня назад

"... a country known for its beaches and ideal trade proximity to the US." You forgot the yellow tint in all Hollywood movies. That's what it's even more known for.

@AnaDiaz-wz4cf 19 дней назад

Don't forget the sombreros!!! Everyone wears a HUGE hat in in Mexico.

@trevorjohnston777 18 дней назад

"The Chinese want to get into the US Market, because there is money in the US Market" - Wow, genius level commentary by that guy.

@JayTalksinjury 25 дней назад

The Chinese just set a hybrid record with just over 2000km on 1 tank of fuel !..

@jojo-ep2pp 25 дней назад

actually has 1400 km of driving in mixed style

@jetli740 25 дней назад

@@jojo-ep2pp is pretty good range

@AG-kp8es 25 дней назад

Gringos wake up to find out it's not 1890s any more. Latam can buy from whoever they want

@jeffw4972 25 дней назад

With more extreme weather caused by the climate changes, the cheap Chinese EVs could help the world cutting down carbon emissions.

@AICW 25 дней назад

Haha you believe total nonsense. Gasoline is king and will always be. Gas will save this world from "climate change."

@Just_another_Euro_dude 24 дня назад

If only Chinese wouldn't still be using gazzillion tons of completely outdated coal and building even many more coal plants. Yeah, China is pretty much the biggest poluter of this world.

@TheMarcuslindberg 24 дня назад

51% of vehicles sold in China now is EVs. It will reach 60% at the end of 2024. The trend is clear 📈

@ChinaSongsCollection 19 дней назад

@<a href="#" class="seekto" data-time="126">2:06</a>. Why is no-one pointing out the hypocrisy and irony here??? 🤔😳 The US sells most of its cars overseas while selling only a minority share domestically. Whereas China sells most of its cars domestically while selling only a minority share overseas. And somehow China is supposed to be the one with overcapacity instead of the US (and Europe and Japan)!!😳

@bearpolo3618 25 дней назад

Lack of domestic demand? CNBC, do you have to be this low? EVs and Hybrids oversold CE cars the 1st time in history in July in China. It's not lack of demand, it's cutting-throat competition that drove these companies to explore overseas markets.

@tedwong7037 25 дней назад

well the data shows the biggest car market is still China

@yuema2078 25 дней назад

It keeps talking about "over-capacity" of Chinese cars by the definition of China producing more cars it can sell in China. Would any auto exporting country be "over-capacity" - US, Germany, Japan, France, Sweden, Korea - far more over-capacity, some with over 70% of cars made there sold elsewhere? Why is this "over-capacity" vocabulary only used on China? Why aren't we adding the tariff on Japanese, German, Korean, French and Swedish cars?

@posthocprior 25 дней назад

The US government needs to accept that Chinese EVs are eventually going to be sold in the US. It needs to cut a deal with these Chinese manufacturers to build in the US in exchange for removing the tariffs.

@gerardoresendiz6731 25 дней назад

😂😂😂 may tell car makers not to be greedy 100k for a car n a truck he’ll to the no

@alko_xo 25 дней назад

No, the great spirit of colonialism and racism will never surrender in the greatest oligarchic empire ever!

@xinfuxia3809 25 дней назад

Trump said the same thing.

@ZgO_o 25 дней назад

That is exactly what China did, brands came and started hiring Chinese and cut a deal for tech transfer then investing into next generation development. Most chinese car designers are from Europe mercedes, BMW etc. Chinese really plan ahead. Some years ago Elon was laughing at chinese EVs but today most tesla cars have chinese batteries

@vlhc4642 25 дней назад

Not gonna happen. At company level nobody wants to risk getting assets stolen via forced divestment, or employees imprisoned or shot in a hostile police state. At a national level US can only pay with US dollars, and knowing US will inevitably default on it's debt, last thing China wants is to increase USD holdings.

@BrandonSanchez 19 дней назад

I bought a cheap Chinese EV city car that cost me the equivalent of 10k USD. I've had it for 3 months and can't complain. Electricity is cheaper than gas and all of my driving is done within the 120 miles I have of range. Never going back to an ICE car which are now more expensive than cheap EV's here in Mexico.

@dextercube1822 25 дней назад

US Govt: The Chinese government heavily subsidizes their EV companies. We want a level playing field for our EV makers. Why don't you heavily subsidize your EV makers to create a level playing field? US Govt: Sorry, can't do that. We've got to finance all those wars. It's the same with healthcare.

@IaintTheHerb 25 дней назад

They think they can "contain".China and Russia. They'll find out the hard way they cannot.

@danwelterweight4137 25 дней назад

North American governments already subsidize their auto industries in the US and Canada at the federal, state/provincial and municipal level.

@Danny-bd1ch 25 дней назад

Tesla gets govt milk through carbon credits. A made up currency that does nothing to prevent pollution. Without carbon credits, Tesla would already be broke.

@covertpuppytwo3857 25 дней назад

US Govt response: NO, we got to finance the semiconductor business here in the USA to ensure China can no longer cheat and steal it ways to a technology monopoly then use it to black mail other nations... like China did to Japan!

@Jonathan.D 25 дней назад

@jonnyqi 25 дней назад

<a href="#" class="seekto" data-time="242">4:02</a> This guy just said the developing countries have lower emission standards, so the Chinese EV had an easier time getting in to those markets. Does he even know what he is saying?!? It's an EV for crying out loud. What emission standards??

@jackjhmc820 24 дня назад

May be because he meant EVs include hybrids?

@walden6272 24 дня назад

@@jackjhmc820 Clearly Hybrids have lower emissions than ICE.

@draganpenchev 24 дня назад

Probably he is including hybrid cars too .

@hivetyrant7 24 дня назад

He said "Chinese car makers" they make more than just EVs, it's relevant to the message even though the focus is on EVs.

@jonnyqi 24 дня назад

@@hivetyrant7 👌

@tonys32948376 24 дня назад

Man, I wish I could buy one of those BYD's in the US. Huawei's were the best too until the US shut them out.

@mmelgoza61 17 дней назад

US automakers are not competitive anymore, they're the most greedy now a days.

@josemaciel232 25 дней назад

For as long as I can remember mexico and mexicans were the most loyal customers of US made products including cars,yet within US and mexico we have been treated like crap by individuals in farms, factories, and all authorities looked the other way, so don't complain now about losing anything that never belonged to you at all,too little too late

@gregh7457 24 дня назад

wait until you see the teeth of your new overlords. they're even sharper than the old overlords

@ksrawat88 24 дня назад

Wait for tariffs and then talk … china is not going to run Mexico economy

@user-ce6zp7pg1n 24 дня назад

all due to colonial effect!!! always look up to colonial masters even though no longer slaves but still the slave mentality is there until they see another southern block country can compete and outdo their colonial masters then they realise i can do it also

@user-ul6oe7gt2l 24 дня назад

@@gregh7457 ....You n!!ttw!!t. In hist0ry of Chy!!na, they have never used their power to c0I0n!!ze a single country. In fact, when they were the strongest, there was a 1,000 years of peace in As!!a. That's the difference between you and the Chy!nese. They s0lve problems, while you create c0I0n!es when you have p0wer.

@user-xp7nk9dw8d 24 дня назад

@@ksrawat88 well india lost to China . Naturally pajeed is cranky Heyyy pajeed . Hindenburg