Few years ago I stopped buying western goods and now I am buying almost exclusively Chinese products. The reason is Chinese value for money approach to production. I recently commented Chinese watches on one of Serbian YT channels. People here are interested if Chinese wrist watches are good. They are confused with low prices. So I had to comment. I have two wrist watches made by Chinese TPW brand, small almost unknown brand selling wrist watches for 5 US dollars. Both watches are of excellent finish made from chrome plated brass and use Japanese Seiko Epson quartz movement made in their Singapore branch. There are US made Timex watches of similar quality selling for 60 to 70 US dollars. This is no brainer - Chinese watches win hands down. And Chinese are making profit on these 5 dollar watches. They just don't use expensive marketing campaigns and expensive packaging. They produce for buyers who respect their hard earned money. They are not greedy, just hardworking. There is a lot to learn from Han people if one is not arrogant and malevolent. There is a lot to gain from cooperating with Han people and nothing to gain from provoking economic and kinetic wars around the world. If there was no Chinese products I would not know how overpriced western goods are.
A good comment. Another example, prior to the entry of Chinese manufacturers, a burr grinder for coffee beans cost > $200. You can buy an excellent grinder today for $50 or less.
@@sciagurrato1831 I was just telling my gf the other day about this. I told her I had been thinking of buying a baratza for a while but I'm glad I held off because Chinese grinders are getting better and much cheaper. I honestly believe we'll get an affordable single dose grinder soon to compete with the Niche's ridiculous pricetag.
If i want to buy a product and it is made in China, I will always buy it! I am boycotting all Western products because I don't want my family involved in wars and be any part of supporting American wars anywhere in the world. Please and prosperity are what China and the multi polar world is about and I support that 100 percent for my family, my country and the world.
Russia's interpretation of "Existential threat" U.S/NATO imperialism looking to destroy Russia. China's interpretation of "Existential threat" U.S is a global oligarchy that will not share a slice of the pie with anyone.
Well, at least someone is starting to name the reasons. Because many people think that the US warmongers are starting a war in Asia because of democracy and human rights)))
Biden intentionally left the microphone on and said China is testing the empire. he was dead wrong. it's the other way around, the empire is testing China's patience because the empire didn't come out on the Korean peninsula and Vietnam. BTW i am not downplayed the Soviet Union's role in both conflicts.
Oh, freedom of navigation only applies even in another nation’s territorial waters…when USA says so. International water DOES NOT EXIST between Mainland China and Taiwan Island. Why does america keep invading other nations’ sovereignty?
Your insights are great. No beating around the bush, no lengthy, tasteless words salad. Just information, a bit too delicate analysis with it. Enjoy your videos. Thank you
This is hands down the best channel on business from a Chinese perspective on UA-cam today. Do you hear those munching noises? That's the sound of the Chinese car industry eating our lunch!
@ttystikkrocks1042 THAT'S just the hors d'oeuv . You're going to see a LOT of USA expecting China to carry on receiving imports, only to find China cancelling, saying "Actually we negotiated a better deal elsewhere... Have a nice day!!" . Ref the recent Grain cancellation. next...? Beef?
US Automobile manufacturing's days are numbered... They Rest of manufacturing probably too. I wonder what Happens when the printing press gets BRICS'ed...😂 How do they pay For their trade deficit. Household savings are only 600bn while Credit Card Debt IS 1.3 trillion. For comparison Chinese household savings are 19 trillion... But WE hear that China is about to collapse.
Western manufacturing has been non existent for decades!!!! Where have you been, have you played the "is it made in China" game when you visit Amazon!? ive been playing this game for the last 2 decades!! its an impossibility to exclude China from the supply chain! Its been an impossibility for the last 2 decades!!
Haha I think the problem is encouraging the Chinese to spend because they have such a strong culture of saving money and their inflation and cost of living is so much lower than other places. But trying to decide how to spend money because you have a lot of it, is a good problem to have.
@verypleasantguy no they erased them and took everything from them as they usually do.Chinese please be aware.these evils think the world is their personal property
@@verypleasantguy Good point. Americans live in an indispersible fog of mass delusion and self-deception in which black is white but which they inexplicably fail to fathom. From their ignorance and simple-mindedness created by their excessive delusional utopian programming, Americans see their country’s prosecution of wars, the cannibalisation of nations and the single-minded devotion to the profit of a few elites, as the promotion of democracy and freedom, and are apparently incapable of the minor clarity of thought necessary to see that their murderous and greedy actions have absolutely nothing to do with either freedom or democracy.
Financial education is what we need right now for more than 70% of the society in the country as very few are literate on the subject. Thanks to Stacey Macken, the woman that changed my financial life.
Honestly, I'm surprised that this mrs Stacey Macken is mentioned here, came across a testimony about her from one of the beneficiaries on the CNBC news, she seems to be doing extremely well .
She understands every beginner's intention and fix you to a trading course that matches your capacity, she knows her stuff! Her advice has been invaluable to my trading journey. Definitely worth giving a shot
I agree with you.I was 35 when I finally educated myself and started taking steps. I went from $176,000 in debt with zero savings or retirement to now, 2 years later, fully debt-free and over $1000,000 net worth. I know that doesn't SOUND like a lot, but I'm incredibly proud of it. Now I'm fast-tracking my wealth building (investing $400,000 annually) and don't owe a dime to anyone. It's a good feeling!
Stacey Macken guided me through budgeting, highlighting areas where I could optimize spending and increase savings. She also provided insights into smart investments to grow my wealth over time, ensuring financial stability even with the higher income
You are absolutely right, in order for American companies to survive in competition with China, cooperation is needed, not war! Whether it's economic or any other! And Ford's example in this is extremely revealing and interesting! Because it's too late to try to strangle the Chinese economy now, as they say in Russia, "it's too late to take medicine when the kidneys have already failed"! For my part, I can say that we all like Ford's design, so why not combine the advantages of the company for their joint prosperity?
What happens if the Chinese Government has a word in the ear of the Ford JV partner and says "Don't export vehicles badged "Ford" or parts which will be assembled as "Ford" in Mexico". Those vehicles will still leave the factory and be sold within BRICS.
Не знаю, русский Вы или нет, но поговорка звучит немного по другому, хотя общий смысл одинаков - "поздно пить боржоми когда почки отказали" - It's too late to drink Borjomi if your kidneys have already failed", что отсылает к минеральной воде из Грузии - Borjomi, которую в советское время рекомендовали людям с болезнью почек, желудка и так далее.
@@ТимофейКиселев-р6р вот чтобы все эту муть с разъяснениями не писать и была совершена замена которая никак не влияет на конечный смысл! Поздравляю вас... вы, Тимофей максимальный зануда!))
@@rogerstarkey5390 I'm sorry, I don't understand the meaning of your question? What happens if...? Is it sure to happen? And why would it be? I proceed from the reality of what is happening and not hypothetical "if"... And reality says that cooperation is a real way to survive! Both for a person in the past and for a company in the current today!
Price wise, American car makers have no chance whatsoever to rival Chinese manufacturers. Regardless of the quality, cars have suddenly become ridiculously expensive in America these days.
China is progressing on all fronts. Its EVs development is incredibly impressive. All countries have subsidy in the form of tax incentives rebates etc. subsidy is not a crime. It is a blessing to green technology boost businesses affordability to global consumers 👍❤️🇨🇳
Nobody needs a 1,000 Hp pick up, unless it is a exotic car. Americans will find out reverse engineering is a discipline of its own. If reverse engineering is easy, you would see Canadian EVs makers and Congolese hybrids
The Americans can reverse engineer all they want, but they aren't as bright as they have deluded themselves into believing. They only had an economic boom after WWII due to the jumpstart from confiscating nearly all foreign assets belonging to German companies, and stealing their patents throughout the world, along with blackmailing and deporting all their scientists and engineers into working for yankees to help interpret the IP schematics and documentations as the Americans themselves were too low-IQ to interpret a thing. The Americans, as the masters of IP thievery, concocted a grand plan with an almost savage determination to plunder the entire nation of Germany itself, to the maximum extent possible. Think Operation Paperclip and Overcast.
EVs are actually not complicated BYD can give them the blueprints The issue is their car would then cost double and no one would buy it The secret is on the factory floors, and upstream supply chain, which simply cannot be replicated
@@jayceh ... *_any_* feedback from the downstream can be rectified almost overnight from the upstream, the speed of which they upgrade and perfect their technology is unprecedented, except for the Chaebol of Korea
Does Brazil, Mexico, or Australia having any Truck manufacturing companies? I am not aware of any. And that is why they wouldn’t have tariffs on them. The U.S., if smart, will 100% tariff EVERY product coming in from other countries that we produce ourselves. Why? To force negotiations on the part of those countries. Too often the U.S. allows in products from other countries with little to no tariffs, while other countries have massive tariffs for products coming in from the U.S. It is the exact reason why you hardly see any U.S. manufactured cars or other products in many certain other countries. But if we do the same back to them and threaten to take away the U.S. market, you can guarantee they will start to negotiate and possibly allow U.S. manufactured products to possibly come in. In the case of some countries (maybe China), they might not care. But perhaps you will see the U.S. start to manufacture more things again then.
@@chazaqs9109 you do know how many American companies operate in China...everything from Costco, Starbucks, KFC, Walmart, Nike, Apple, etc... to even the smallest companies like Smarties stores that you won't find in the states. Buick, Ford, Jeep were operating and profiting from China for more than two decades until now...and likely Buick will be the last to leave because they can't compete with EV sales. And what about grains, chicken, pigs, corns, and soybeans, etc...they were, past tense sold to China from US until political and economic tension risen...and China opt out to buy from BRIC and other countries. It's really easy only see it from one side....Most Westerner can't see the amount of sales that happen, because they see what western media shows them and it's not just one side.
@@chazaqs9109 Doesn't matter if they don't have any truck manufacturing, they're a potential market. FYI, American cars and truck are either too expensive or in Japan, not to their taste because of their preference to Kei car (small cars). . Buick, Ford, Jeep were operating and profiting from China for over two decades, and now they can't compete because there's Chinese EV. Buick will likely be the last to leave, since Ford and Jeep left for the above reason. If cars/trucks aren't cater to local taste or are just plain expensive, they're obviously not going to sell. China have a 15% tariff on imported cars...and USA have the following auto 2.5% trucks 25% motorcycles 2.4%...
@chazaqs9109 , in case you are not aware of the function of WTO and all the trade agreements around the world. All countries are allowed some kind of subsidies for certain critical products (which is exception, not the rule) but to say that US freely and generously allow imports from other countries without tariffs and other countries happily impose tariffs on US products are totally untrue. That's why we have the WTO and trade agreements.
The politicians are just in place to help the businesses destroy competition and keep their monopolies until they can’t hold back the tide anymore. Remember how much they fought the Japanese and European car makers when they first started trying to enter the US markets? The US desperately needs lower priced cars in our markets to drive down the price of new cars from our manufacturers.
Great video. Ford needs to do what American phone manufacturers do: add value, packaging and marketing to Chinese manufactured product. But you can't do that if huge tariffs are applied. You have to think about inflation!
What happens if the Chinese Government decides those vehicles would be better sold in let's say Africa and NOT under the Ford name assembled in Mexico?
In addition to paying for the tariffs, Americans also have to bear additional inflation. This is the American version of a win-win-let the government win the people twice.
I was wondering when you would talk about the Ford CEO's 2023 visit to China, the first one since your three older videos! Another great video! P.S. Love the mountains!
Ford Motor CEO said few days ago, he knew the US is so lack behind China only after he went to visit China, and China is advancing itself with light speed, which I won't be surprised if he was just saying something nice, and I would be very surprised if he really meant that. But nonetheless, note this, he is the CEO of one of the most important corp in the west, now you guys think about many who aren't. :)
Not even close. ford has a pragmatic CEO TRYING to did his way out of the hole he was dropped in. Tesla had a CEO with the Balls, tenacity and skill to start from zero and (Probably) win.
Not only the f150, the facts are the 60s, or upto 80 or 90s Americans make some or many important innovations and manufacturing products the world wants. Even today Americans still ahead of the world in many things hi-tech and advantage in science and technology. The problem is China catching up fast and in 2024 onward, there's no way anyone can stop them and I meant there's absolutely no reason to stop Chinese advancing and improving themselves. So it's just a matter to figure out how to living in this world coexistence peacefully amongst each other!
Some people such as DYI-ers like to save money and do their own property maintenance and renovations. I have no statistics on the proportion of such buyers take up the SUV market.
Tesla is (#4 on the list). Toyotas have always been the top selling cars in the U.S. because everyone knows they last the longest and tend to have less problems.
It is such a shame that only Ford is just now seeing the writing on the wall, which all U.S. carmakers should have years ago, on what they need to do. They have spent so much time telling the U.S. consumer what to buy instead of allowing them to make that decision, that the U.S. carmakers cannot compete against cars to sell to U.S. consumers even they make them in China. Plus the need for short-term profit and gain with multimillion dollar exec salaries and golden parachutes when they leave, does not promote for long-term profit stability. You play, you pay, I was taught at a young age in business and it still rings true today. The corporate and wealthy individual income sectors paid all those campaign donations and bribe dollars for tax breaks and credits targeted just for them (paid by the middle-class), which is just short-term thinking and now they are crying that they can't compete. I say let the dollar devalue enough so that our factories and farmers and corporations will be on equal footing as other manufacturing countries, or else just shut up about the Chinese! Fact remains, they make products as equal or of better quality than us (the U.S.) for a lot less money which means more and more of there citizens can afford thinks like cars, smartphones, and laptops better than we do here in the U.S.
We ceded our industry to China in hopes they would be the cheap component supplier while all the design, engineering and finance would be conducted in the US. But what they failed to grasp is that design, engineering and finance incubate around centers of manufacturing. It's like we never saw it coming it happened so fast.
SUV's and pick-up trucks made in USA are subsidized by the govt through direct (25% tariff on foreign made ones) and indirect (tax breaks) subsidies. Which is why v don't c foreign made ones even though they would likely be better
Subsidies will only make you less and less competitive, and sticking to the local market will only make you lose more overseas markets. The whole society pays for certain private enterprises, but they don't give it to you when they make money. It will only sell you more expensive products that you have no choice to replace.
@@zen-mc4ju True. That's reality today. However, was it meant to be this way ? 🤔 Subsidies make sense at the early stages or when the enterprise is building up, not when the enterprise makes profit. These Chinese companies are expanding in all markets that welcome them. So, the local subsidies seems to have prepared them for global competition.
It is good that Ford is doing its homework. If they can build good products. Economically people will buy them. It's simple logic. Every country should concentrate on what it does well. For example, Rolls-Royce, Pratt and Whitney and GE make excellent jet engines and are competitive in the world market. Innovation and world-class manufacturing have a tendency to find markets and succeed. America and Europe has spent too much time on financial instruments instead of real products, unfortunately.
I have been using a lot of rental vans lately and I will admit that the Ford Transit is my favourite van right now. It’s near perfect, I would like to see an electric version. We don’t have any Chinese vans available right now but would love to try them.
Won't be able to cooperate with Chinese manufacturers when the hardware and software is banned. Galapagos model for the US automotive industry courtesy of US lawmakers...🤣
Poor EV sale in the US is not due to the make of the vehicle; it's due to insufficient infrastructure to support operation of the vehicle. If government (preferably at the state level) creates incentive for power companies to build charging stations, range anxiety will not be an issue in the minds of EV drivers. And if more people consider buying EVs and thus creating a demand, more quickly the prices of EVs will come down. If American governments did this, together with other incentives, at the same time the Chinese governments did theirs, Americans would not find themselves in the present predicament, ie. facing stiff Chines competition. Now the Biden admin is even considering banning Chinese techs in cars, which are already ahead of the US, the American automobile industry will fall further behind the Chinese. 10 years from now, Americans will still be driving gas guzzlers while the Chinese are driving smart, environmentally friendly cars.
Americans have this funny split-brain utopian syndrome. On one side they're sanctioning and tariffing to the extreme in order to protect non-existent industries which only hurt the people, while on the other they're opening the floodgates of border security to bring in millions of illegal migrants to wreck their already-homeless-infested cities - which you guessed it, also hurt the people due to violence, huge drain on public welfare, etc.
And where is the Chinese electricity coming from to power all those electric cars? Wind and Solar? Not so green if they have to use traditional power stations to provide electricity. The other problem with EVs in the U.S., besides range, is weather. The EVs need to be able to handle the extreme cold and heavy snow in some parts of the U.S. in addition to the range problems. Plus people don’t want to wait 30 minutes for a battery to charge even if they had more charging stations. I personally think hybrids are the way to go until other types of innovations come around that fix these types of issues (might even be a different fuel source like hydrogen).
@@chazaqs9109first, China is the world's leader in green energy, so a lot of it is green, and specifically the trash energy at night, too. Second, a power plant is 200% more efficient than the tiny engine in your car, and has a lot more emission control mechanism compared to that small filter in your car.
Apart from Tesla, no western EV ambitions will stand a chance if a western legacy car company doesn't work with a Chinese EV manufacturer to create models to compete with the Chinese (and other western brands). There's not just the technology and supply-chain deficit, it's also the time it takes to develop essentially from scratch. So what Ford is doing is the only way to stand a chance. It's a business model that other western legacy brands should copy.
"Master Plan 2006"? The one which ended ("Don't tell anyone") What Ford is doing WILL NOT save the uS economy. The ONLY way to do that is to INVITE CHINA IN.... and "request" the same terms applied to US companies in China pre-Tesla. It's the ONLY way to first "Be in the (NEW) game", Then Learn while catching up, while avoiding either a trade war or worse still a SHOOTING WAR which USA will lose.
Tesla would never have survived either without relying on Chinese batteries. Gigafactory Shanghai is where 60%+ of Teslas around the globe come from. Elon's strength is marketing, not innovation. Real innovation happens on the factory floor and that was where his gigacasting "innovation" came from, a company based in Hongkong which makes plastic injection molds. Just wait until it's too obvious for Tesla's fanboys that Tesla's self-driving tech is WAY behind Huawei and BYD. 🤣🤣🤣
Changan is having a lot of success with its small and medium sized EVs, a good move for Ford would be to produce these in the US to grab market share itself. Changan is state owned, so that may ruffle a few feathers in the US Security State. BYD will simply move up the curve to full size pickups, as Toyota did, to kill the big 3 sales in Southern and Central America.
China have the engineers, have the supply chain, have the infrastructure, even have its own local market. But one thing China lack most, the experience to sell globally. BYD is likely the most famous brand of China EVs. But the fact is, Geely is doing better than BYD oversea b'cos Geely have multi-partners for various region to sell their cars. China is a big market but there're like over 100 car manufacturers, some are doomed to be push out of business. You don't need to be like Teala to build magafactories in China, they're already there, you just need to pick some of them.
By globally, you mean the so-called West? My friend the centre of gravity of world trade is shifting eastwards, just look at the economic dynamism in SouthEast Asia and other emerging markets.
Nope. China has totally opened up their car market to all manufacturers. Tesla factory in Shanghai produces hundreds of thousands of their EVs every single year and sell them in China's market, and they do not get any tariff.
@@verypleasantguy He's talking about making these Changan-Ford cars in China and shipping them back to the US for sale. This would incur a 100% tariff as the cars are made in China, but that's not Ford's goal; they are worried about losing markets outside the US, and lowering cost by manufacturing the cars in China will lower the cost and price of these Changan-Ford cars when competing with Chinese brands in the market outside of US.
My understanding is that Farley isn't saying that Ford will abandon markets as said in this video but to reset goals and prove to Ford leadership the imperative to exceed current performance and that Ford must innovate or face extinction. Also, I think this video became unnecessarily creative analyzing Ford's current marketshare of trucks vs sedans, although that has been true for over a decade isn't likely relevant to Ford's strategies. Additionally, there were only 3 major domestic US car companies Ford, GM/Chevrolet and Chrysler bwhich has since been sold and today is Stellantis. The Japanese car companies mentioned in this video manufacture oractically all cars sold in the US although nowadays factories don't often make what is sold locally but manufacture particular models that are sold globally.
i remember martin yan the cook that said the difference between chinese restaurants vs american style chinese restaurants are the price, chinese are more competitve than the over pricing of american goods and the strategy is the same for chinese companies, the ceo, in china, has alot of power and can move investor's decisions with a strong argument but the american investors wants to see profits over long term financial goals and hardworking employees and that's the difference
I wonder if when American auto brands are on the brink of ruin, the Chinese will of course offer to buy them out. You can't think of a greater humiliation for Uncle Sam.
Chinas already hoovered up the Brits! China owns Lotus, MG, and a major shareholder of Aston Martin.... Chinas playing the long game! If the Western companies dont answer the brief presented by the presence of China then they will go extinct or be bought out by China! This is all it is..... a design brief! the world is poor because the West have made the majority poor.... only the very few rich can afford the western cars that are at exclusive prices for the very few! And how many rich westerners are there!?? Obviously the Western pyramid doesnt work like that! The design brief for Western exclusive car manufacturers are for the very top of the pyramid the elites! Majority of the people are at the bottom! China is providing for the bottom as well as knocking down the pyramid! NOT just the car industry either!
Economic protectionism is on the rise. Even if the Chinese made the offer, I don't think Uncle Sam is keen on selling. Just look at US Steel. Both Dem and Rep aren't keen to sell it to Nippon Steel, despite the fact that it's the main lifeline for this financially troubled company
No one trusts the USA anymore after USA stole from Iraq, Libya, Venezuela and Russia (via the EU lapdogs). If a foreign country buys a domestic brand, the US Gov can at anytime Nationalize and seize possession. Nothing anybody can do about it unless they send the troops in...but that will never happen as the USA is militarily unconquerable.
Life is a Musical Chair. If you lose your chair, Life still Goes On. British autos used to rule the world. When they lost the finesse, they lost the market. They did not sulk. They just moved on to something bigger and better. It will happen to all of us, one day. There is no need to sulk.
That's not reason. It's not about sulking over prestige. The problem is everyone will be impoverished because the high productivity jobs are going away.
Thank you for providing us the platform. In Post Pager explosion world, beside the politics involved, the real implication for Western ICT companies are huge. Are Chinese cars safer driven by/ with NVIDIA / Qualcomm Hardware and Software? Just wondering if we are safer IN THE New Energy Vehicles. If one can explode a mere pager with few grams of explosives, what else they could do with these HUUUUUGEEE Batteries 🔋!!!!!!????? 🤔
Some of this recalls a moment during the 1980s. Mercedes took pride in applying 100% quality control inspection as the final step in building their cars. They discovered that Toyota were using about the same man hours to build AN ENTIRE CAR as Mercedes did in applying 100% inspection. It reflected a broad spectrum of elements, starting with production engineers being involved at the design stage, thus pointing out how to adjust the car's styling to minimize costs in the production process.
Ford’s biggest competitor right now are the small Japanese Kei Trucks which have just been banned in the USA. They are tiny in comparison to American trucks but they are cheap and cheap to run. Even farmers like them. Small enough for the occasional farm job but practical enough for everyday needs.
Fords biggest issue is expensive manpower cost. Meaning unions. No one talks about infamous 996 chinese workers need to endure. 9am-9pm 6days per week.
Farley should know who their Chinese competitors before thinking of what to do. BYD is a solid EV producer and they are top in battery production as well. US big 3 auto is a bit late on thinking to produce cheap EV for export out of US. Unless US government realise that suppressing already solid manufacture chain of China is too late and frankly devastating for US companies.
Thank you Kevin and team, this was very telling… Please, please can you share your thoughts on the anti-China foreign media bill (HR 1157) and any other mechanisms currently used by the US or other administrations.
Implications of such candid admission by Ford’s chief means. Shenyang WS-15 will be at par in quality to engines produced by Rolls Royce, GE, P&W. Which Means already produced 300 J-20, and 1000 by 2030 at current production rate, would eclipse the regional air forces. J-20 being the second only twin engine 5th Gen fighter in the world. While F-22, worlds first and once most formidable air fighting war machine will be phasing out. There are only 187 of them produced for USAF. So, it’s not just Naval manufacturing yards churning out better than Aegis class destroyers at breakneck speed but Aerospace manufacturing as well keeping up the velocity.
Even selling the ford lightning at 70k, they are LOSING 30k + per sale! So ford really cant sell lightning in volume or they will lose a pile of $$$. It is only a matter of time until many mid and full size pickups will be available from Chinese brands...available worldwide.
Chinese vehicles are extremely unsafe...China is just now starting to crack down on the safety issues because these vehicles are being exported and these incidences are reported in non-Chinese media.
@@MarcDunivan Is that why America needs to place 100% tariff on Chinese vehicles? That's American propaganda for you: anything developed first by another nation will not actually exist in the American mind or be recognised in the American narrative until it is subsequently copied and produced by the Americans, at which point they will assume full credit for having taken a flawed and primitive foreign concept and developed it into the only real good version.
Few years ago I stopped buying western goods and now I am buying almost exclusively Chinese products. The reason is Chinese value for money approach to production. I recently commented Chinese watches on one of Serbian YT channels. People here are interested if Chinese wrist watches are good. They are confused with low prices. So I had to comment. I have two wrist watches made by Chinese TPW brand, small almost unknown brand selling wrist watches for 5 US dollars. Both watches are of excellent finish made from chrome plated brass and use Japanese Seiko Epson quartz movement made in their Singapore branch. There are US made Timex watches of similar quality selling for 60 to 70 US dollars. This is no brainer - Chinese watches win hands down. And Chinese are making profit on these 5 dollar watches. They just don't use expensive marketing campaigns and expensive packaging. They produce for buyers who respect their hard earned money. They are not greedy, just hardworking. There is a lot to learn from Han people if one is not arrogant and malevolent. There is a lot to gain from cooperating with Han people and nothing to gain from provoking economic and kinetic wars around the world. If there was no Chinese products I would not know how overpriced western goods are.
A good comment. Another example, prior to the entry of Chinese manufacturers, a burr grinder for coffee beans cost > $200. You can buy an excellent grinder today for $50 or less.
Exactly we fully support Chinese goods they have raised our standard of living immeasurably !!
@@sciagurrato1831 I was just telling my gf the other day about this. I told her I had been thinking of buying a baratza for a while but I'm glad I held off because Chinese grinders are getting better and much cheaper. I honestly believe we'll get an affordable single dose grinder soon to compete with the Niche's ridiculous pricetag.
If i want to buy a product and it is made in China, I will always buy it! I am boycotting all Western products because I don't want my family involved in wars and be any part of supporting American wars anywhere in the world. Please and prosperity are what China and the multi polar world is about and I support that 100 percent for my family, my country and the world.
scrue chineze produsts there always looking to cut costs at Any expense
Love your channel so much, you tell world true news about China, we are thankful,love from China
Every time I hear/see the words "existential threat" what it translates to me is, "They have a superior product we cannot compete with..."
NO its done for less ONLY cheep labor and constantly looking to manufacture for less.
@@mikemiller659Hahahahaha,.....keep dreaming
@@mikemiller659 China lead in 57 of 64 new and critical technologies since 2019-2023 (Google that!). You are stuck in the China of the 70s.
Russia's interpretation of "Existential threat" U.S/NATO imperialism looking to destroy Russia. China's interpretation of "Existential threat" U.S is a global oligarchy that will not share a slice of the pie with anyone.
In capitalism, that's an existential threat.
Well, at least someone is starting to name the reasons. Because many people think that the US warmongers are starting a war in Asia because of democracy and human rights)))
Freedom of navigation 😂
@@troutstalker7855 Tibet ! Xinjiang ! Dictatorship !
Biden intentionally left the microphone on and said China is testing the empire. he was dead wrong. it's the other way around, the empire is testing China's patience because the empire didn't come out on the Korean peninsula and Vietnam.
BTW i am not downplayed the Soviet Union's role in both conflicts.
@@troutstalker7855 Freedom of navigation of Chinese exports!
Oh, freedom of navigation only applies even in another nation’s territorial waters…when USA says so. International water DOES NOT EXIST between Mainland China and Taiwan Island. Why does america keep invading other nations’ sovereignty?
After suffering ford & gm products for fifty years I am relieved to now own Chinese vehicles !! AND WILL NEVER GO BACK .
Jai Hind. Huawei had just unveiled their latest "R"evolution in their HIMA stable, the Ultra-safe Luxeed "R"7 SUV built by Chery partneship,
I like BYD car
Your insights are great. No beating around the bush, no lengthy, tasteless words salad. Just information, a bit too delicate analysis with it. Enjoy your videos. Thank you
This is hands down the best channel on business from a Chinese perspective on UA-cam today.
Do you hear those munching noises? That's the sound of the Chinese car industry eating our lunch!
No doubt
I think I hear the hot dog truck downstairs....munch munch 🌭🍔
Not just from a Chinese perspective…but from a global competitive market standpoint also
He gives an American/western point of view. From a guy who also lives and works in China
@ttystikkrocks1042
THAT'S just the hors d'oeuv
.
You're going to see a LOT of USA expecting China to carry on receiving imports, only to find China cancelling, saying "Actually we negotiated a better deal elsewhere... Have a nice day!!"
.
Ref the recent Grain cancellation.
next...?
Beef?
Meanwhile, the news in the US is trying to figure out if Haitains are eating our pets in Ohio. I am embarrassed. Absolutely inspired by the Chinese.
Yes that does highlight the mindless dross that we like to fixate on, compared to more sensible countries….
I mean they are eating random animals though to be fair
@@kipkipper-lg9vl that's been completely debunked and all of it is a complete waste of time and money, in case you don't understand Farley's point.
😂😂😂😂😂😂😂
Biden and Harris should never have dropped 20,000 Haitians in a town of 50,000 people. SMH. That's what's embarrassing
Stunning scenery
I wonder how far you go down if you slip?
@@UPdan dan slipped it was a few stairs, foxes spooked him.
Nobody else does it like this or are busy spinning lies for the USD1.6 billion bucks gravy trail. Thanks for a fresh and much needed perspective!
US Automobile manufacturing's days are numbered...
They Rest of manufacturing probably too.
I wonder what Happens when the printing press gets BRICS'ed...😂
How do they pay For their trade deficit. Household savings are only 600bn while Credit Card Debt IS 1.3 trillion.
For comparison Chinese household savings are 19 trillion...
But WE hear that China is about to collapse.
Obviously, China is stuck with the *_perpetual collapse syndrome_*_ !!!_
Western manufacturing has been non existent for decades!!!! Where have you been, have you played the "is it made in China" game when you visit Amazon!? ive been playing this game for the last 2 decades!!
its an impossibility to exclude China from the supply chain! Its been an impossibility for the last 2 decades!!
Haha I think the problem is encouraging the Chinese to spend because they have such a strong culture of saving money and their inflation and cost of living is so much lower than other places. But trying to decide how to spend money because you have a lot of it, is a good problem to have.
That's overstated. The US will Chicken Tax / Jones Act the USDM, protecting Ford & GM.
@@gelinrefira Chinese goods for China are excellent value and extremely competitive on price. Chinese don't have to spend much to get what they want.
Cooperation or Confrontation, America's Choice!
Cooperation or confrontation US will lose.
Did Americans corporate with the original inhabitants of the American continent ?
@verypleasantguy no they erased them and took everything from them as they usually do.Chinese please be aware.these evils think the world is their personal property
"Pragmatism" is not in the US vocabulary (Jim Farley excepted)
@@verypleasantguy Good point. Americans live in an indispersible fog of mass delusion and self-deception in which black is white but which they inexplicably fail to fathom. From their ignorance and simple-mindedness created by their excessive delusional utopian programming, Americans see their country’s prosecution of wars, the cannibalisation of nations and the single-minded devotion to the profit of a few elites, as the promotion of democracy and freedom, and are apparently incapable of the minor clarity of thought necessary to see that their murderous and greedy actions have absolutely nothing to do with either freedom or democracy.
Financial education is what we need right now for more than 70% of the society in the country as very few are literate on the subject. Thanks to Stacey Macken, the woman that changed my financial life.
Honestly, I'm surprised that this mrs Stacey Macken is mentioned here, came across a testimony about her from one of the beneficiaries on the CNBC news, she seems to be doing extremely well .
That woman has changed my life for good. I attended her investment class couple of weeks and she's the best when it comes for guidance
She understands every beginner's intention and fix you to a trading course that matches your capacity, she knows her stuff! Her advice has been invaluable to my trading journey. Definitely worth giving a shot
I agree with you.I was 35 when I finally educated myself and started taking steps. I went from $176,000 in debt with zero savings or retirement to now, 2 years later, fully debt-free and over $1000,000 net worth. I know that doesn't SOUND like a lot, but I'm incredibly proud of it. Now I'm fast-tracking my wealth building (investing $400,000 annually) and don't owe a dime to anyone. It's a good feeling!
Stacey Macken guided me through budgeting, highlighting areas where I could optimize spending and increase savings. She also provided insights into smart investments to grow my wealth over time, ensuring financial stability even with the higher income
Well done Ford. Well done Jim Farley. Well done China.🙏👏👍🌹🔊💯🇨🇳
Ford is another sinking ship and he knows it. The hull is already flooded and no diversification will save it, whether it'd be another 2008 bailout.
You are absolutely right, in order for American companies to survive in competition with China, cooperation is needed, not war! Whether it's economic or any other! And Ford's example in this is extremely revealing and interesting! Because it's too late to try to strangle the Chinese economy now, as they say in Russia, "it's too late to take medicine when the kidneys have already failed"! For my part, I can say that we all like Ford's design, so why not combine the advantages of the company for their joint prosperity?
Who needs cooperation if USA thinks they can simply wipe China from the surface of this planet with their al-mighty GI Joe ?
What happens if the Chinese Government has a word in the ear of the Ford JV partner and says "Don't export vehicles badged "Ford" or parts which will be assembled as "Ford" in Mexico".
Those vehicles will still leave the factory and be sold within BRICS.
Не знаю, русский Вы или нет, но поговорка звучит немного по другому, хотя общий смысл одинаков - "поздно пить боржоми когда почки отказали" - It's too late to drink Borjomi if your kidneys have already failed", что отсылает к минеральной воде из Грузии - Borjomi, которую в советское время рекомендовали людям с болезнью почек, желудка и так далее.
@@ТимофейКиселев-р6р вот чтобы все эту муть с разъяснениями не писать и была совершена замена которая никак не влияет на конечный смысл! Поздравляю вас... вы, Тимофей максимальный зануда!))
@@rogerstarkey5390 I'm sorry, I don't understand the meaning of your question? What happens if...? Is it sure to happen? And why would it be? I proceed from the reality of what is happening and not hypothetical "if"... And reality says that cooperation is a real way to survive! Both for a person in the past and for a company in the current today!
I absolutely love your channel Kevin.
Price wise, American car makers have no chance whatsoever to rival Chinese manufacturers. Regardless of the quality, cars have suddenly become ridiculously expensive in America these days.
Ford is viewed by Chinese consumers as a classic car with crude features, outdated technology, and numerous problems.
In the meantime, there is a car price war going on in China, cutting the price of overpriced luxury brands' cars, like BMS's i3 down by half...
Brave and Brilliant Kevin 👏
I saw a BYD Shark in Morelia, Mexico this past weekend. It looks amazing! Ford is screwed.
china has a HUGE plot of land FILLED with EV's that they cannot sell. the Only thing china has on ford is CHEEP labor
China is progressing on all fronts. Its EVs development is incredibly impressive. All countries have subsidy in the form of tax incentives rebates etc. subsidy is not a crime. It is a blessing to green technology boost businesses affordability to global consumers 👍❤️🇨🇳
I'm grasping so much from your videos Bro. I'll be going over your library..., keep it up..,
Nobody needs a 1,000 Hp pick up, unless it is a exotic car.
Americans will find out reverse engineering is a discipline of its own. If reverse engineering is easy, you would see Canadian EVs makers and Congolese hybrids
Turkey did, they copied China's J-20 !
The Americans can reverse engineer all they want, but they aren't as bright as they have deluded themselves into believing. They only had an economic boom after WWII due to the jumpstart from confiscating nearly all foreign assets belonging to German companies, and stealing their patents throughout the world, along with blackmailing and deporting all their scientists and engineers into working for yankees to help interpret the IP schematics and documentations as the Americans themselves were too low-IQ to interpret a thing. The Americans, as the masters of IP thievery, concocted a grand plan with an almost savage determination to plunder the entire nation of Germany itself, to the maximum extent possible. Think Operation Paperclip and Overcast.
EVs are actually not complicated
BYD can give them the blueprints
The issue is their car would then cost double and no one would buy it
The secret is on the factory floors, and upstream supply chain, which simply cannot be replicated
@@jayceh ... *_any_* feedback from the downstream can be rectified almost overnight from the upstream, the speed of which they upgrade and perfect their technology is unprecedented, except for the Chaebol of Korea
I absolutely love the video of the jogger on the ridge. It is awesome!
Your channel is the best on UA-cam, period!! 👏
BYD Shark pickup truck is already introduced in Brazil after Mexico, and available next month in Australia....while US and Canada slapped 100% tariff
Aussies are smart people.but got hoodwinked by big brother to buy their sub.
Does Brazil, Mexico, or Australia having any Truck manufacturing companies? I am not aware of any. And that is why they wouldn’t have tariffs on them. The U.S., if smart, will 100% tariff EVERY product coming in from other countries that we produce ourselves. Why? To force negotiations on the part of those countries. Too often the U.S. allows in products from other countries with little to no tariffs, while other countries have massive tariffs for products coming in from the U.S. It is the exact reason why you hardly see any U.S. manufactured cars or other products in many certain other countries. But if we do the same back to them and threaten to take away the U.S. market, you can guarantee they will start to negotiate and possibly allow U.S. manufactured products to possibly come in. In the case of some countries (maybe China), they might not care. But perhaps you will see the U.S. start to manufacture more things again then.
@@chazaqs9109 you do know how many American companies operate in China...everything from Costco, Starbucks, KFC, Walmart, Nike, Apple, etc... to even the smallest companies like Smarties stores that you won't find in the states. Buick, Ford, Jeep were operating and profiting from China for more than two decades until now...and likely Buick will be the last to leave because they can't compete with EV sales. And what about grains, chicken, pigs, corns, and soybeans, etc...they were, past tense sold to China from US until political and economic tension risen...and China opt out to buy from BRIC and other countries. It's really easy only see it from one side....Most Westerner can't see the amount of sales that happen, because they see what western media shows them and it's not just one side.
@@chazaqs9109 Doesn't matter if they don't have any truck manufacturing, they're a potential market. FYI, American cars and truck are either too expensive or in Japan, not to their taste because of their preference to Kei car (small cars). . Buick, Ford, Jeep were operating and profiting from China for over two decades, and now they can't compete because there's Chinese EV. Buick will likely be the last to leave, since Ford and Jeep left for the above reason. If cars/trucks aren't cater to local taste or are just plain expensive, they're obviously not going to sell. China have a 15% tariff on imported cars...and USA have the following auto 2.5% trucks 25% motorcycles 2.4%...
@chazaqs9109 , in case you are not aware of the function of WTO and all the trade agreements around the world. All countries are allowed some kind of subsidies for certain critical products (which is exception, not the rule) but to say that US freely and generously allow imports from other countries without tariffs and other countries happily impose tariffs on US products are totally untrue. That's why we have the WTO and trade agreements.
Need more engineers and innovations, not politicians since they are not good businessmen !!!
The politicians are just in place to help the businesses destroy competition and keep their monopolies until they can’t hold back the tide anymore. Remember how much they fought the Japanese and European car makers when they first started trying to enter the US markets? The US desperately needs lower priced cars in our markets to drive down the price of new cars from our manufacturers.
This channel was only 14K about 3 months ago!!! Way to go Mr Walmsley and Co! You'll have Yellen asking for consultations!
More like advice 😂
Thank you for your incisive reports...from 🇰🇪 Kenya.
🇰🇪💯
Once again, knowledge is KEY!
This channel goes deeper than commonly reported.
thanks kevin i always get an education when i watch your videos,thanks great post bro,drew uk
As usual, commentary which is well considered, well presented, and for the most part, outside the scope of the narrow Western information supply chain
More great analysis Kevin. Thank you 😎👍
Thanks again for another insightful video and beautiful scenery.
Thank you, Kevin, for your insights about global supply chains!
Great video. Ford needs to do what American phone manufacturers do: add value, packaging and marketing to Chinese manufactured product. But you can't do that if huge tariffs are applied. You have to think about inflation!
Most listed American corporations are actually zombiefied companies.
What happens if the Chinese Government decides those vehicles would be better sold in let's say Africa and NOT under the Ford name assembled in Mexico?
In addition to paying for the tariffs, Americans also have to bear additional inflation. This is the American version of a win-win-let the government win the people twice.
I was wondering when you would talk about the Ford CEO's 2023 visit to China, the first one since your three older videos!
Another great video!
P.S. Love the mountains!
Ford Motor CEO said few days ago, he knew the US is so lack behind China only after he went to visit China, and China is advancing itself with light speed, which I won't be surprised if he was just saying something nice, and I would be very surprised if he really meant that.
But nonetheless, note this, he is the CEO of one of the most important corp in the west, now you guys think about many who aren't. :)
I rather prefer the West to continue to look down on China, continue to think China as a backward hole in the ground.
Few guys I trusted and followed : Kevin Walmsley, Jeffery Sachs, John Mearsheimer, Kishore Mahbubani.
Ford is following Tesla footsteps plus.
Not even close.
ford has a pragmatic CEO TRYING to did his way out of the hole he was dropped in.
Tesla had a CEO with the Balls, tenacity and skill to start from zero and (Probably) win.
My 1964 f150 was the best ever.
Too bad people don't know the simplicity of those old pickups .
Not only the f150, the facts are the 60s, or upto 80 or 90s Americans make some or many important innovations and manufacturing products the world wants. Even today Americans still ahead of the world in many things hi-tech and advantage in science and technology. The problem is China catching up fast and in 2024 onward, there's no way anyone can stop them and I meant there's absolutely no reason to stop Chinese advancing and improving themselves. So it's just a matter to figure out how to living in this world coexistence peacefully amongst each other!
Selling the house and retiring to a BRICS-affiliated country asap. Appreciate your work ❤
VW is repositioning itself too; ford is smart to realize it should only compete in certain segments and in certain countries
Top delivery, very unique, great content!
The world doesn't need more pickup trucks. What is needed is small city electric hatchbacks. Ford used to make them for the European market.
disagree
Some people such as DYI-ers like to save money and do their own property maintenance and renovations. I have no statistics on the proportion of such buyers take up the SUV market.
Farmers, trades workers, and anyone who has a boat or other things to haul would disagree with you.
Your videos are always interesting and informative, thanks
Thank you for your amazing content!
The thing that I was surprised about was the Japanese car manufacturers are benefiting the most from the 100% tariffs
Tesla is (#4 on the list). Toyotas have always been the top selling cars in the U.S. because everyone knows they last the longest and tend to have less problems.
It doesn't really benefit Japan because at the end of the day Japan is still owned by the master
It is such a shame that only Ford is just now seeing the writing on the wall, which all U.S. carmakers should have years ago, on what they need to do. They have spent so much time telling the U.S. consumer what to buy instead of allowing them to make that decision, that the U.S. carmakers cannot compete against cars to sell to U.S. consumers even they make them in China. Plus the need for short-term profit and gain with multimillion dollar exec salaries and golden parachutes when they leave, does not promote for long-term profit stability. You play, you pay, I was taught at a young age in business and it still rings true today. The corporate and wealthy individual income sectors paid all those campaign donations and bribe dollars for tax breaks and credits targeted just for them (paid by the middle-class), which is just short-term thinking and now they are crying that they can't compete. I say let the dollar devalue enough so that our factories and farmers and corporations will be on equal footing as other manufacturing countries, or else just shut up about the Chinese! Fact remains, they make products as equal or of better quality than us (the U.S.) for a lot less money which means more and more of there citizens can afford thinks like cars, smartphones, and laptops better than we do here in the U.S.
Spot on.
very useful presentation. thank you
We ceded our industry to China in hopes they would be the cheap component supplier while all the design, engineering and finance would be conducted in the US. But what they failed to grasp is that design, engineering and finance incubate around centers of manufacturing. It's like we never saw it coming it happened so fast.
Plenty saw it coming over 20 years ago. Nobody in a position to do anything about it listened.
Thank you for the information.
SUV's and pick-up trucks made in USA are subsidized by the govt through direct (25% tariff on foreign made ones) and indirect (tax breaks) subsidies. Which is why v don't c foreign made ones even though they would likely be better
so are chineze
@@mikemiller659 true. Which probably is one of the reasons most manufacturers have their base there.
Subsidies will only make you less and less competitive, and sticking to the local market will only make you lose more overseas markets. The whole society pays for certain private enterprises, but they don't give it to you when they make money. It will only sell you more expensive products that you have no choice to replace.
@@zen-mc4ju True. That's reality today. However, was it meant to be this way ? 🤔 Subsidies make sense at the early stages or when the enterprise is building up, not when the enterprise makes profit. These Chinese companies are expanding in all markets that welcome them. So, the local subsidies seems to have prepared them for global competition.
It is good that Ford is doing its homework. If they can build good products. Economically people will buy them. It's simple logic.
Every country should concentrate on what it does well. For example, Rolls-Royce, Pratt and Whitney and GE make excellent jet engines and are competitive in the world market.
Innovation and world-class manufacturing have a tendency to find markets and succeed. America and Europe has spent too much time on financial instruments instead of real products, unfortunately.
Check out Kevins' recent report on the Chinese aviation industry. Planes AND Engines.
good to hear an US executive is willing to face up to reality and doing something about it rather than just cry subsidy and unfair practices.
End the Dealers screwing customers too
BYD Shark will start taking orders soon in Australia, the entry model is about US44880, a DMI tech pick up truck.
Informative as usual. Thanks
Great analysis 👍
Cooperation makes the world go round. And Ford will lead the way for a win-win future.
Spot on Ford will be successful in their pursuit of the electric pickup market as they have understood what needs to happen
I have been using a lot of rental vans lately and I will admit that the Ford Transit is my favourite van right now. It’s near perfect, I would like to see an electric version.
We don’t have any Chinese vans available right now but would love to try them.
Won't be able to cooperate with Chinese manufacturers when the hardware and software is banned. Galapagos model for the US automotive industry courtesy of US lawmakers...🤣
The worst thing the US ever made was having bad relations with China.
The idea is to sell those to countries like Mexico.
@@DailyBeatings It's not funny and not a good thing u know
@@marcusclarkson5520 You reap what you sow...🤣
@@DailyBeatings yeah yeah yeah not like China or Russia ha. The US is the evil.
Great video thanks.
Poor EV sale in the US is not due to the make of the vehicle; it's due to insufficient infrastructure to support operation of the vehicle. If government (preferably at the state level) creates incentive for power companies to build charging stations, range anxiety will not be an issue in the minds of EV drivers. And if more people consider buying EVs and thus creating a demand, more quickly the prices of EVs will come down. If American governments did this, together with other incentives, at the same time the Chinese governments did theirs, Americans would not find themselves in the present predicament, ie. facing stiff Chines competition. Now the Biden admin is even considering banning Chinese techs in cars, which are already ahead of the US, the American automobile industry will fall further behind the Chinese. 10 years from now, Americans will still be driving gas guzzlers while the Chinese are driving smart, environmentally friendly cars.
Sadly all your compelling arguments for EVs failed to recognise the formidable US oil lobby roadblock.
Americans have this funny split-brain utopian syndrome. On one side they're sanctioning and tariffing to the extreme in order to protect non-existent industries which only hurt the people, while on the other they're opening the floodgates of border security to bring in millions of illegal migrants to wreck their already-homeless-infested cities - which you guessed it, also hurt the people due to violence, huge drain on public welfare, etc.
And where is the Chinese electricity coming from to power all those electric cars?
Wind and Solar? Not so green if they have to use traditional power stations to provide electricity.
The other problem with EVs in the U.S., besides range, is weather. The EVs need to be able to handle the extreme cold and heavy snow in some parts of the U.S. in addition to the range problems. Plus people don’t want to wait 30 minutes for a battery to charge even if they had more charging stations. I personally think hybrids are the way to go until other types of innovations come around that fix these types of issues (might even be a different fuel source like hydrogen).
@@chazaqs9109first, China is the world's leader in green energy, so a lot of it is green, and specifically the trash energy at night, too. Second, a power plant is 200% more efficient than the tiny engine in your car, and has a lot more emission control mechanism compared to that small filter in your car.
shouldn't FORD be complaining about TOYOTA over capacity ?
Its almost the entire top 10 list....
Apart from Tesla, no western EV ambitions will stand a chance if a western legacy car company doesn't work with a Chinese EV manufacturer to create models to compete with the Chinese (and other western brands). There's not just the technology and supply-chain deficit, it's also the time it takes to develop essentially from scratch. So what Ford is doing is the only way to stand a chance. It's a business model that other western legacy brands should copy.
"Master Plan 2006"?
The one which ended ("Don't tell anyone")
What Ford is doing WILL NOT save the uS economy.
The ONLY way to do that is to INVITE CHINA IN.... and "request" the same terms applied to US companies in China pre-Tesla.
It's the ONLY way to first "Be in the (NEW) game", Then Learn while catching up, while avoiding either a trade war or worse still a SHOOTING WAR which USA will lose.
Tesla would never have survived either without relying on Chinese batteries. Gigafactory Shanghai is where 60%+ of Teslas around the globe come from. Elon's strength is marketing, not innovation. Real innovation happens on the factory floor and that was where his gigacasting "innovation" came from, a company based in Hongkong which makes plastic injection molds.
Just wait until it's too obvious for Tesla's fanboys that Tesla's self-driving tech is WAY behind Huawei and BYD.
🤣🤣🤣
Cool analysis ❤
Changan is having a lot of success with its small and medium sized EVs, a good move for Ford would be to produce these in the US to grab market share itself. Changan is state owned, so that may ruffle a few feathers in the US Security State. BYD will simply move up the curve to full size pickups, as Toyota did, to kill the big 3 sales in Southern and Central America.
Biden's tariffs wont let that happen - ford will be unable to import changan vehicles and sell them for a profitable cost.
That's actually a good, realistic, down to earth CEO. Wish ge/they would enlighten the Selfish US Politicians.
wow that scenery
VALUE RELIABILITY SAFETY LONGEVITY SIMPLICITY AND THE CHINESE VEHICLES WIN HANDS DOWN !
Wallstreet J is biased because of the advertising.
China have the engineers, have the supply chain, have the infrastructure, even have its own local market. But one thing China lack most, the experience to sell globally. BYD is likely the most famous brand of China EVs. But the fact is, Geely is doing better than BYD oversea b'cos Geely have multi-partners for various region to sell their cars. China is a big market but there're like over 100 car manufacturers, some are doomed to be push out of business. You don't need to be like Teala to build magafactories in China, they're already there, you just need to pick some of them.
By globally, you mean the so-called West? My friend the centre of gravity of world trade is shifting eastwards, just look at the economic dynamism in SouthEast Asia and other emerging markets.
@@ansa336 just the oversea sell number.
@@stefenleung
China is a 5,000 year old society of TRADERS.
Watch and learn.
I have seen BYD showrooms in SE Asia, oh they know what they are doing in terms of marketing.
Nice scene at the end
Truer words were never spoken!
If Ford builds their "Ford" pickups at Changan, I have to wonder if they will be subjected to tariffs.
Surely they will, but the main objective is for Ford to ship to rest of the world.
@@Alexpktang Nope.
Nope. China has totally opened up their car market to all manufacturers. Tesla factory in Shanghai produces hundreds of thousands of their EVs every single year and sell them in China's market, and they do not get any tariff.
@@verypleasantguy He's talking about making these Changan-Ford cars in China and shipping them back to the US for sale. This would incur a 100% tariff as the cars are made in China, but that's not Ford's goal; they are worried about losing markets outside the US, and lowering cost by manufacturing the cars in China will lower the cost and price of these Changan-Ford cars when competing with Chinese brands in the market outside of US.
@@TL-fe9si Mea culpa ！
My understanding is that Farley isn't saying that Ford will abandon markets as said in this video but to reset goals and prove to Ford leadership the imperative to exceed current performance and that Ford must innovate or face extinction.
Also, I think this video became unnecessarily creative analyzing Ford's current marketshare of trucks vs sedans, although that has been true for over a decade isn't likely relevant to Ford's strategies.
Additionally, there were only 3 major domestic US car companies Ford, GM/Chevrolet and Chrysler bwhich has since been sold and today is Stellantis. The Japanese car companies mentioned in this video manufacture oractically all cars sold in the US although nowadays factories don't often make what is sold locally but manufacture particular models that are sold globally.
i remember martin yan the cook that said the difference between chinese restaurants vs american style chinese restaurants are the price, chinese are more competitve than the over pricing of american goods and the strategy is the same for chinese companies, the ceo, in china, has alot of power and can move investor's decisions with a strong argument but the american investors wants to see profits over long term financial goals and hardworking employees and that's the difference
Please stand further in.
Just anxious all the way through wondering when feet were going to get cold and wet.
It will be absolutely victorious if ford and nio team up to build battery swap stations in USA, and co-design a few battery swappable EV models.
I wonder if when American auto brands are on the brink of ruin, the Chinese will of course offer to buy them out. You can't think of a greater humiliation for Uncle Sam.
Chinas already hoovered up the Brits! China owns Lotus, MG, and a major shareholder of Aston Martin.... Chinas playing the long game! If the Western companies dont answer the brief presented by the presence of China then they will go extinct or be bought out by China!
This is all it is..... a design brief! the world is poor because the West have made the majority poor.... only the very few rich can afford the western cars that are at exclusive prices for the very few!
And how many rich westerners are there!?? Obviously the Western pyramid doesnt work like that! The design brief for Western exclusive car manufacturers are for the very top of the pyramid the elites!
Majority of the people are at the bottom! China is providing for the bottom as well as knocking down the pyramid! NOT just the car industry either!
they have no money
Economic protectionism is on the rise. Even if the Chinese made the offer, I don't think Uncle Sam is keen on selling. Just look at US Steel. Both Dem and Rep aren't keen to sell it to Nippon Steel, despite the fact that it's the main lifeline for this financially troubled company
There's no greater, sweeter revenge than to scam the great Uncle Scam.
No one trusts the USA anymore after USA stole from Iraq, Libya, Venezuela and Russia (via the EU lapdogs). If a foreign country buys a domestic brand, the US Gov can at anytime Nationalize and seize possession. Nothing anybody can do about it unless they send the troops in...but that will never happen as the USA is militarily unconquerable.
Hey for keep it simple. Simple makes it less expensive.
Life is a Musical Chair. If you lose your chair, Life still Goes On.
British autos used to rule the world. When they lost the finesse, they lost the market. They did not sulk. They just moved on to something bigger and better.
It will happen to all of us, one day. There is no need to sulk.
Do not worry, as British's aircraft carriers have no planes of their own, they could always borrow some F-35 from the trusted partner, USA.
That's not reason. It's not about sulking over prestige. The problem is everyone will be impoverished because the high productivity jobs are going away.
Thank you for providing us the platform. In Post Pager explosion world, beside the politics involved, the real implication for Western ICT companies are huge. Are Chinese cars safer driven by/ with NVIDIA / Qualcomm Hardware and Software? Just wondering if we are safer IN THE New Energy Vehicles. If one can explode a mere pager with few grams of explosives, what else they could do with these HUUUUUGEEE Batteries 🔋!!!!!!????? 🤔
Some of this recalls a moment during the 1980s. Mercedes took pride in applying 100% quality control inspection as the final step in building their cars. They discovered that Toyota were using about the same man hours to build AN ENTIRE CAR as Mercedes did in applying 100% inspection. It reflected a broad spectrum of elements, starting with production engineers being involved at the design stage, thus pointing out how to adjust the car's styling to minimize costs in the production process.
I didn't hear any reasons that Ford will be successful in implementing their strategy. They're simply too late.
Ford’s biggest competitor right now are the small Japanese Kei Trucks which have just been banned in the USA. They are tiny in comparison to American trucks but they are cheap and cheap to run. Even farmers like them. Small enough for the occasional farm job but practical enough for everyday needs.
Fords biggest issue is expensive manpower cost. Meaning unions.
No one talks about infamous 996 chinese workers need to endure. 9am-9pm 6days per week.
@@DogbertChew 996 was banned last year.
USA companies should work with NIO. Battery swap and battery as a service model are the future.
Faster charging (less than 6 minutes) and longer battery pack life greater than 10 years.
Swaps just mean more resources used for less benefit.
Why? Only 2% of cars in USA are EVs. Hybrid and ice cars much more popular in USA .
I'm really surprised that BYD hasn't approached Ford or Chevy, to put their brand labels on BYD vehicles made in Mexico.
BYD is thinking of purchasing Chrysler from Stellantis
It might get tariffed anyway.
Just let private companies compete
They can do it .... Gov. Need to take care of its people first
FYI Ford in the United States no longer sell sedans.
Removing Chinese gantry cranes is a crazy ideal, How will US ports operate?
Awaiting delivery of BYD Atto full specs 2025 in a couple of weeks.
Farley should know who their Chinese competitors before thinking of what to do. BYD is a solid EV producer and they are top in battery production as well. US big 3 auto is a bit late on thinking to produce cheap EV for export out of US. Unless US government realise that suppressing already solid manufacture chain of China is too late and frankly devastating for US companies.
Building cars in China will incur the US, EU tariff. 100% tariff in the US
How about Tesla?
Thank you Kevin and team, this was very telling…
Please, please can you share your thoughts on the anti-China foreign media bill (HR 1157) and any other mechanisms currently used by the US or other administrations.
One would reckon that's outside of Kevin's sphere of business interests.
Implications of such candid admission by Ford’s chief means. Shenyang WS-15 will be at par in quality to engines produced by Rolls Royce, GE, P&W. Which Means already produced 300 J-20, and 1000 by 2030 at current production rate, would eclipse the regional air forces. J-20 being the second only twin engine 5th Gen fighter in the world. While F-22, worlds first and once most formidable air fighting war machine will be phasing out. There are only 187 of them produced for USAF.
So, it’s not just Naval manufacturing yards churning out better than Aegis class destroyers at breakneck speed but Aerospace manufacturing as well keeping up the velocity.
Even selling the ford lightning at 70k, they are LOSING 30k + per sale! So ford really cant sell lightning in volume or they will lose a pile of $$$.
It is only a matter of time until many mid and full size pickups will be available from Chinese brands...available worldwide.
Waiting for BYD arrival to change my Ford Ranger
Chinese vehicles are extremely unsafe...China is just now starting to crack down on the safety issues because these vehicles are being exported and these incidences are reported in non-Chinese media.
@@MarcDunivan Is that why America needs to place 100% tariff on Chinese vehicles? That's American propaganda for you: anything developed first by another nation will not actually exist in the American mind or be recognised in the American narrative until it is subsequently copied and produced by the Americans, at which point they will assume full credit for having taken a flawed and primitive foreign concept and developed it into the only real good version.
Not sure if Ford has learned anything.
Ford has been selling an hybrid pickup-the Maverick-and it is very popular. Made in Mexico. Small truck @ $30 K