I don't understand why the media portrays China's government helping its industry as a bad thing when all the countries in the world are aiding their EV sectors with tax cuts and other incentives. Why is it considered bad when China does it, but there are no criticisms for the rest of the world?
So, yeah, China subsidizes their e-car companies, to grab markets around the world. I think they also use slave labor, like in the western provinces we've heard so much about. Using slavery can be very profitable - that's how the US got so rich. If this video wasn't Chinese propaganda, they might tell you of the cars that explode and stuff. Chinese and Russian propaganda is widespread these days, and they mask it by having westerners say it, like in this ad.
This is such a poorly researched video. When CNBC talks about reasons why the Chinese EV are cheaper, They seems to ignore the fact that Tesla is also manufactured in China, and they received more money from the government than same Chinese company mentioned in the video.
That NIO is 4 years old, swap station is 1st gen. Why did you deliberately pick an old product. This is misleading. Imagine comparing Apple to Samsung with an iPhone 8. That's what you've done and don't think people will not realize it. CNBC , dishonest as always.
The quality of Chinese cars is poor, but more important than that is that your information and that of your family can be transferred to China and put you at risk.
I've never seen a Tesla in Brazil, though I imagine there are some imported ones in São Paulo. It makes no sense to own a car here that you can't repair because the manufacturer has no official presence. So it's natural that there are practically none of them to be found. Even if Tesla did sell vehicles here, the cheapest one would go for AT LEAST 400k BRL, so it would be a luxury car in practice.
@@son_guhun It's a luxury like a Ferrari or a McLaren. We can't fool ourselves anywhhhere in the world: if you have the money, you but it! And if we think about it the same goes with BMW's top trim or Mercedes car in Brazil. As you may know, the brazilian market is not like the american market. Every decent car is ver expensive, that's why we buy the cheap ones, but if you have the cash... There's no limit, so buying a car from Tesla, Ferrari, Porsche, McLaren and so on
I believe I heard thw answer to your question in the video. The USG set the tariffs preemptively. The tariffs will force the Chinese to compete with similar prices seen in American EVs. The belief is that not taking this action could impact employment for the American worker, and hurt American businesses.
Thats the crap that always makes me mad at corporate America.... They complain about government interference.... Then demand terrif so they can compete. Such a double standard.
all of a sudden the US doesn't like the free market lmao. but if a poor coutntry doesn't want US subsidized goods in their country because it outcompetes their local industry that is unacceptable.
Since China made cars are so uncompetitive, useless , then why those western countries so call freedom nations such as United States and EU are so worried about the China made cars .
thats beccause people like you think Chinese, Japanese, and Koreans are all the same. The less educated you are, the more you would think they would you do.
As someone who works in automotive out in Michigan, I’ll say that China’s growth in EVs has been anticipated for a long while now. There’s not a single global supplier that doesn’t have Chinese auto as a massive revenue growth projection going into the late 2020s and beyond. We’ve been kinda living in a bubble over here in the states while BYD, SAIC, Geely, Great Wall, Nio, and a bunch of other companies that Americans haven’t even heard of have been slowly penetrating market share through the rest of the world. Benchmarking companies like Caresoft and A2MAC are barely getting their hands on recent model year Chinese EVs for teardown, and there is nothing to laugh about on these products. The US and EU wouldn’t be threatening massive tariffs on Chinese EVs if they weren’t afraid of a threat.
This is one of the truest statements I've seen posted about this subject. This from someone who retired from a company that were supplying the automotive industry.
@holycrapitsjake excellent point. Do you think the Chinese EV makers have to consolidate (losers get bought out or go bankrupt) before they become a more formidable threat?
CNBC did Nio dirty, showing a 4 year old Nio and a gen 1 battery swap station 😂😂😂😂. Nio is on gen 4. Cant handle Chinese competition so misdirect people
The quality of Chinese cars is poor, but more important than that is that your information and that of your family can be transferred to China and put you at risk.
I live in New Zealand, when I was 16 the British mini was the cheap car on our market at $3750. British cars were notorious for their lack creatures comforts.No heater no radio etc. Honda hit the ground with same size car engine etc at $1995.00…….naturally there was the screaming about ‘made in Japan etc’ the Japanese became acclaimed for cars that lasted far longer - still do over European cars - and the extras that people wanted. China is the same but they are so much faster. The American market has been far too slow to adjust. The sixties in the US was good example. The only thing car companies changed were the panels. Safety was compromised badly…people died. The reality is a company adapts or dies. Because they are a hundred years old and your father drove one doesn’t mean they are any good. The system over the last 50 years is broken. The advertising/dealership model is crazy…soon we will buy off the internet via direct marketing. No dealers. The local garage will be able to sort 99% of issues. The cost of dealers and advertising adds a 1/3 to the price. Democratic cars are coming. Trump’s isolation based policy will make America not great.
In Australia, the car of choice was was the Holden. This was bought out by General Motors. Thus it became GM Holden. It was very basic, unless you were prepared to pay extra, no heater, aircon, power brakes or power steering. It was basically garbage. Fellow Aussies used to say "it is Australia's car" overlooking the fact that it had imported Buick engines and other this and that. When Toyota came on the scene in the mid sixties, it was like a breath of fresh air. Australia then started to manufacture their own Toyotas. Electric cars will be produced more and more due to climate concerns. So let us get away from expensive Teslas and have Chinese electric cars. Maybe it will be the new wave.
Five automobile manufacturers, including Toyota, Mazda, Yamaha, Honda and Suzuki, submitted false data for performance tests and admitted to fraud in safety tests. Recently, Hitachi metal exploded data fraud for at least 30 years. 1,952 global companies have been affected.
That’s right! If the Chinese enterprises are not doing well, blame the Chinese government for dictatorship…but if the Chinese enterprises are doing too well, blame the Chinese government for too much support. 🎉
Modify it slightly： If the Chinese enterprises are doing bad , blame the Chinese government for dictatorship. If the Chinese enterprises are doing good, blame the Chinese government for dictatorship yet.
Free to Tibet, they are not even Han Chinese, they have a totally different culture. Free Xinjiang, same as above Free Taiwan, they have diverged sufficiently that it's no longer a part of China. It's akin UK trying to reclaim Canada or Australia. China is an evil country.
hahaha exactly! Our government gave the EV industry far more support cash then China has. The difference? Our tax dollars went to massive stock buybacks, shareholder payouts, and Elon Musk's 60 billion dollar bonus.
Ridiculous. She used the oldest nio model and swap station. This woman clearly had an agenda to bash the Chinese EVs and praise Tesla. This wasn’t a fair comparison
i drive a 2011 great wall. it was in an accident and did very well. driver control saved our lives when it took over control in busy traffic. it was repaired and it is many years later, and it runs very well. it has only the usual servicing and is still very good.
@@stratcat3216 Volvo, which is famous for its safety system, will also take over the vehicle in an emergency to help you avoid a fatal collision. Through the aggregation of many accident data, this active safety technology has greatly reduced the driver's mortality rate. So why not accept safer new technology? Or is it just because it is made in China?
Five automobile manufacturers, including Toyota, Mazda, Yamaha, Honda and Suzuki, submitted false data for performance tests and admitted to fraud in safety tests. Recently, Hitachi metal exploded data fraud for at least 30 years. 1,952 global companies have been affected.
Germany exports more than 80% of all cars it built yearly, and there's no overcapacity heard. China export less than 20% of the cars it built, and what do you hear?
Disingenuous to focus on Germany alone when the entity claiming China is dumping and adding tariffs is the entire EU. What percentage is the EU exporting ? BYD is smart - they are building the Turkish factory to secure EU business.
@@dannyhang7482 does germany subsidize their auto industry? because that's the real debate here, if chinese government doesn't underwrite their EV industry, they can't offer the cheap prices. enjoy the tariffs.
They’re trying to discredit the Chinese ev’s mayors for some but there’s no such thing as bad publicity. People will actually start looking into them more
@@angelozhangSshe’s driving a NIO EC6 from 2018 and Gen 1 swap station. Bump this post entirely, CNBC is false advertising and in a sense deliberately putting down competition.
@@tm4s426-She probably did not know. She told the car to find a battery swap and it went to this one since it was probably open (because it is a slower/older one). -For USA 10min to charge or swap a battery is very fast.
Japanese Automakers: We'll give the consumers what they want. Chinese Automakers: We'll give the consumers what they want and cheap. American and German Automakers: We'll give the consumers what they want... at a premium or subscription-based model.
No. Japanese, German & US auto makers are not giving what the customers want (EVs). Typical inefficiency associated with large companies killing them. Toyota spent billions in Solid State battery & just realized that's just gone down the drain. Same story is true for others. So it's time for agile & nimble Chinese auto-makers to dominate. As a consumer we can only hope for this war to be quickly over.
The truth is that European and American car companies cannot compete with Chinese car companies, so they find an excuse to increase tariffs to protect their own car companies.
@@MattTee1975 Because it included 'downsides', and for some people, it's not acceptable to report on a situation fairly and cover both good and bad, only reporting good is acceptable.
Speaking of Chinese government's EV subsidies, Tesla received the same subsidy as other Chinese manufacturers, and they built a gigafactory in Shanghai, doesn't suprise me that Rivian, Lucid, and Fisker couldn't dethrone Tesla in terms of sales.
@@markthomas7279 guess you are right, because I saw Tesla after Tesla after Tesla in Beijing, and I asked myself, where are the Rivians? Where are the Airs? Why nobody imports them for a high markup like what they did to the Land Cruisers?
Normal "US citizens" have known that 100% of electric cars will be manufactured in China for over 10 years. How foolish CNBC is to think we haven't already know this for over a DECADE. They must be numskulls over there, lol....
If the Chinese EVs aren't as good as Americans expect, why fret over Chinese EV exports? Why impose tariffs? If the cars do not suit American taste, then they won't sell. Period. End of story.
They are playing into the American fear that Chinese companies produce low quality products. The reality is that sometimes they make fantastic quality and sometimes they make terrible quality. The American consumer is the perfect market to weed out which is which
Remember in the 80's and 90's, US politicians and automakers were trashing Japanese cars? My late 90s Nissan still looks and runs like a brand new car. Teehee... 😂
@@JigilJigil Rubbish. Japanese brand and manufacturing had gone downhill since the late 80s when they started to use their new found wealth to invest in Real Estate worldwide and media. In the 70/80s yes, not anymore after that.
@@JigilJigil >junk making culture< i hope you realize where all your smartphones and computers come from. it clearly already has the equipment and skilled labor force to produce high quality goods, and now china is developing its own intellectual properties so that it's not so reliant on american brands to drive economic growth
When i test drove a lot of EVs (i live in china) we started with the Tesla since thats what I was familiar with. That is a very boring car, far too simplistic for me. All the chinese EVs were more tech heavy, comfortable and enjoyable. Test Drove: Neo, Li, Artic, Hifive, Xpeng, Mustang, Tesla, Lexus, BYD, and half a dozen more whose names i cant remember. I ended up buying the Geely Zeekr 001 and its been amazing for almost 3 years now Heated/ massaging seats, massive back seat leg room, massive hatch space, fun LED trim, good computer display, and very stylish. Free charging and when my wife hit a ballard they came to get the car, fixed it, and returned it to our doorstep. Tesla may have led the way, but they tried being way too simple like apple phones for my test, I wanted my car to be more fun.
Nio investor and enthusiast here to set some things straight about this dishonest video. At 7:39 they are showing the first generation EC6 model, which is a car from 4 years ago. We are already at generation three. On top of that she showed a swapping station that is from the first generation. In the whole of Beijing there are only around 14 generation one swapping stations. All the other ones (around 100 swapping stations) are generation 2 and 3. The swapping station she uses only holds up to 4 batteries, while the majority of all the other swapping station hold 11 or more batteries. The fourth generation even holds more than 20 batteries! Also, she states that swapping the battery took around 10 minutes at 8:09. The majority of the swapping stations can swap the battery under 3-4 minutes. The fourth generation is able to do it under 3 minutes! This women took literally the first and oldest version of the car and the first and oldest battery swapping station in order to compare to Tesla. This is manipulation at its finest. Some statistics: in the whole month of July the average amount of swaps on a daily basis reached 60,000 plus! The latest generation of swapping stations can swap 480 batteries within 24 hours. Nio has recently passed the total of 50 million battery swaps. The swaps are now going at a rate of more than 2 million swaps on a monthly basis. Let that sink in for a minute. Total BS this video. This woman is a Tesla fan and compares apples to oranges. Chinese EV makers are outmatching the Western car companies at an accelerated rate and Elon literally said this himself in a phone call to a journalist. Manipulation of the highest Order!
Honestly car prices have gotten outrageously unaffordable where you can’t even pay cash for a decent used car. It’d be nice to see fresh competition drive down prices
CNBC, shame on you nd your reporter with a hack job video. She is showing Chinese EVs like the NIO that is over 4 years old instead of their newest version. Along with NIO first generation swap station rolloed out over 5 years ago. Instead of the new Battery swap stations that re fully automatees and complete swaps in about 3-minutes. Along with first generation cars auto parking that is not an issue for today customer. It is clear that you did not ask the EV makers for a demo car so I have to believe this was intentional and in very bad taste. American car buyers deserve an updated truthful vedio revision. Thanks.
I recently got back from China. And, I have to tell you. I didn't see one US branded automobile. In five years, the Chinese Brands have retaken their market by leap forging foreign companies into EV. Now, Chinese consumers won't buy a car unless it's EV. Also, she should have tried LI automobile -- Nio, BYD are considered so-so brands, Li are amazing cars.
@@nguyenhanh9479*CNBC cherry picking some short range version of Chinese car models that have lesser range than the LONG range version of model Y* as if "American batteries" (if the term still exist) still on top but in fact SINCE DAY ONE, Tesla has been using Panasonic batteries as a startup Tesla has a zero battery technology, in contrast Panasonic has been researching battery technology for 30 years, as it does with its production line with help of Toyota (still it's quality has nowhere near Toyota yet the panel Gaps are as big as somebody's thumb), Right now it tends to use Chinese battery maker also the largest in the world CATL. There are some models in China with batteries in China already has a range of exceeding 800 Mile, solid state and Ultra fast charging. I guess if she just won't talk to talk about *Tesla panel gap and other quality and Design issues* - I mean there are thousands all you have to do is Google it *... while you are at it Google "coin balance on a 375 kilometers per hour bullet train" 🤭 That was a trend in China a couple years ago* *🤭 CNBC, the only reason Tesla Model Y is the most selling model in the world is because American and Europe (r@ce based policy?) have banned Chinese car and China has never banned American cars. In fact if you buy Tesla Model Y in China you get exactly the same subsidized subsidy as a regular Chinese cars - Google it that is how fair Chinese government is*
Don't fool yourselves. In the end, 90% of us will buy the cheaper car no matter where it comes from. Chinese EVs are not the low quality product you're trying to make them look like.
@@samuelwilliams7331 Teslas are mostly a gimmick if you live outside of California or anywhere without major charging infrastructure. They are actually very reasonable vehicles if you do very short commutes. They have good power at the cheapest model even decent equipment even very low maintenance cost. Major maintenance items are mostly tires and the occasional fluid change. All for 30+ grand now compare that to a legacy auto maker that can only provide you with half of that for the price. This is what China is doing they are undercutting everyone because they want to see results and not a di_ck measuring competition of who can do it better and who should I support.
50 years ago in 1973, whilst in London, I went to the Earl's Court car exhibition. There was the usual range of British and European made cars, nothing outstanding. Then, in the centre of the exhibition, was a tiny Honda hatchback. I remember sitting inside and thinking 'this is a company I don't know much about, but they include a radio and other extras as normal!' Afterwards I went off in my tiny Austin Mini and knew that things were about to change, for us the consumer!
Yup. We have these artificial supports built in that pad American carmakers' profits. We pay ridiculous prices for terrible cars that nobody really wants.
the import of Chinese vehicles has been in rapid decline -- in June it was down by 20+% and in July another 5+% with the top sellers such as Tesla (China) and MG leading the decline with -30/-20% growth YoY.
I am from Uzbekistan, Tashkent just a week ago i bought BYD Yuan UP (paid 21K USD for max config from official dealer) and i am so much satisfied with my new car, under every EV video i am seeing mostly Brazilians and Mexicans leaving comments and guys believe me the same happening in Uzbekistan. The day-by-day China EV cars taking over the TOP and this making huge changes in CAR market
Five automobile manufacturers, including Toyota, Mazda, Yamaha, Honda and Suzuki, submitted false data for performance tests and admitted to fraud in safety tests. Recently, Hitachi metal exploded data fraud for at least 30 years. 1,952 global companies have been affected.
Can you tell me what China employees get per month? If you are talking about other countries near them, it is on a relative term. And how many of them make cars besides Japan and Korea? While you are thinking vietnam, Laos, Thailand- but not Singapore, right? 😊
Why do you think the West outsource their production to China in the first place? No it's not because of their strict labor laws (they don't have lol) or because Xi looks like Pooh bear. It's because of the cheap ass labor, and minimal labor or environmental regulations or lack thereof.
@@Shackleford_Rusty Not cheap... Ordinary workers maybe "cheap" but as long not so cheap as in before, lets say a decade or two ago. Good white color workers costs a lot here. And the social insurance for all employees is mandatory. And they check this. Violate this rule and you will end up into significant trouble, guaranteed. Just calculated it in $. 260$ social insurance every month here in Guangzhou. Good office employee bachelor degree from 8000 Yuan, master degree not under 12.000 Yuan, programmers between 30 and 50K every month. And the sales stuff wants comission. No comission, no sales stuff! Welcome into the reality. And dont forget. Everything costs only the half here. Calculate this it into US$...! And for restaurants, bars... There is no tip. So you can not let them work for an apple an hour, no chance. We become better and better here. Many cheap products already moved out to Vietnam, Bangladesh, India, parts of Africa.
The car space she chose was NOT a proper parking space at all! Why didn't she have the Tesla to park the same spot, perhaps just to avoid the awkward result Tesla car might perform!
I remember when people called Japanese cars "cheap Japanese cr*p". And I remember when Korean cars were called "cheap Korean cr*p". Currently, it's China's turn. But it's evolving. Anyone who thinks TCL and Huawei (just 2 examples) make cr*p are sorely mistaken. Their products a more than the match of Japanese and Korean manufacturers in their price range (and probably far superior to anything American if they even exist).
china had improved their image in some areas for a while, like with huawei. then, taking huawei as an example, the ccp pressuring huawei to start pre-loading surveillance crap into their hardware resulted in a swift ban from the west. i have zero trust they're not gonna do the same with cars, especially when tiktok has also been caught using similar surveillance tech for their own reasons independent of the ccp. (and in china, telling the ccp "no" results in almost certain torture and/or death.) few in the west expect big chinese companies or the chinese government to operate in anything resembling good faith anymore.
@@ghtwghtw7197I guess if she just won't talk to talk about *Tesla panel gap and other quality and Design issues* - I mean there are thousands all you have to do is Google it *... while you are at it Google "coin balance on a 375 kilometers per hour bullet train" 🤭 That was a trend in China a couple years ago* *🤭 CNBC, the only reason Tesla Model Y is the most selling model in the world is because American and Europe (r@ce based policy?) have banned Chinese car and China has never banned American cars. In fact if you buy Tesla Model Y in China you get exactly the same subsidized subsidy as a regular Chinese cars - Google it that is how fair Chinese government is*
What CNBC didn't mention is that Tesla enjoys the same tax cut and other policy favors as those native EV companies. Just check how the Tesla's Maga factory in Shanghai was built almost overnight...
Nah. Tesla got more than the local Chinese business. Like lands with no cost and such. Not to say many Tesla's cars are exported from China that they enjoy tax refund from that.
And Tesla Chinese engineers are so good that 2 years after production started they've made tremendous improvement in both quality & output, and the Shanghai engineers are being sent to Tesla's Fremont factory to train & upskill the engineers there.
I will always choose to buy Japanese or Chinese over buying American...I stopped buying American products whenever I could a long time ago, because American made mean disposable quality to me. American companies started cutting quality and making things with cheaper materials while still charging full price a long time ago. At least when Chinese companies use cheaper materials, the product is cheaper as well...that is not the case for American products. And I still have clothes, shoes and boots that I bought from China 10 years ago that are still in good shape and I wear them all the time. I don't have a single thing that was American made that even lasted 2 years. And when making the Tesla truck that is hideously ugly, they used cheaper materials which made is significantly lower quality and they still rated it's towing capacity as if they used better materials...not only is that a false advertising scam, but it is also a safety hazard. I also believe that they knew it would be a safety hazard and thought they could get away with it. The simple fact is my experience with American products is that they are just bad quality and they think they can get away with making bad quality and spreading propaganda that they are better than other products. However, for me, there is no amount of propaganda coming out of the US that is going to change my mind from what I have personally experienced.
@@RustedCroaker The development of electric vehicles in China is very fast, as fast as the replacement of mobile phones. Not to mention 4 years, the technological development will reach a higher level in 2 years, which is also the reason why European and American governments are afraid, because their car companies cannot keep up with the speed of this technological update
As a BYD Tang EV 2023 owner, I'm quite satisfied with the build quality as well as tech specs. Before BYD, I've owned many BMW models including 3er, 5er, 7er and X5. BYD Tang is on par to say the minimum. Yes there are options I'd like to have but can't, like door closers and a physical button for steering wheel heater, but overall, it's surely a bang for the buck. And OMG it's quick. Tesla wasn't even on my radar when I was choosing an EV.
The quality of Chinese cars is poor, but more important than that is that your information and that of your family can be transferred to China and put you at risk.
@@jihooncha-vs4om mom is already at risk, indian scammers keep calling her, because of leak from western companies that didn't care about cybersecurity either. practically all big companies have leaked at some point that keep records of us that we registered. and i live in northern europe, finland, nobody here has registered to any chinese service. european union will never allow cheap chinese cars to disrupt our car market, french german etc. automakers and their unions are too powerful, would make them unemployed.
You can see the hypocrisy of Americans when it comes to green energy. They tariff cheap EV cars that everyone can afford that would move the needle towards green energy. But they don’t want to.
We don't want electrics because they don't work in America. If you're packed into a Chinese city, maybe they work, maybe after the government mandates all kinds of charging stations. That's not the case here, and never will it be. This is a huge country, lots of it rural, and a fair amount cold most of the year. That's not a country that can be mostly electric. Also we drive a lot of trucks for work since we have a lot of small business. Plus artificial intelligence will be completing for the power. Hopefully we'll start building a lot of nuke plants soon. That will be good but the grid will still not be able to handle even 20% electrics. It's not even possible to build enough chargers to handle folks who don't own their own houses with the charging Pole. The US is just too damn big. Plus with a sensible president we have all the cheap gas we could ever need for centuries and centuries. Notice that Biden wanted gas to go up to around 8 bucks a gallon. Notice the absolute revolt when it hit four. Notice that Trump is still likely to win, and a lot of that is on the back of gas prices. It is not conceivable that the US will switch over from ice engines. The underlying tech would have to at least double invefficiency. Toyota is making the smart play with hybrids. Everyone is starting to follow.
I live in Brazil, there’s no Tesla dealerships but I see many BYD dealerships. I see EVs from BYD, GWM every single day. It’s way cheaper and much better then the alternatives. Chineses EV are selling like crazy here. And ford it’s not even selling cheap cars here anymore. They just left Brazil.
3 місяці тому+1
In markets where they play with different rules (no tariffs), we all know who wins. Also Brazil has been getting closer to China thanks to Lula. No surprise.
Brazil actually raised taxes on EVs to protect local factories from GM, Volkswagen and Hyundai. And there are many teslas here in Brazil imported directly by the consumer. Volvo is also selling many EVs and installing chargers.
So it’s not a matter of getting closer to China since Brazil is raising taxes on imports from China, and we have plenty of EVs from Volvo, BMW and Audi, it’s a matter of Tesla not willing to open a dealership here.
I don't think these people realise Chinese EV sales, hybrids, and ice are growing globally... People are already buying them in Asia, Latin America, Europe, Australia, Africa...
in statistics, yes , but they are nowhere to be seen in large numbers...africa?! they barely keep the grid in place, maybe if they give them for free...latin america?! buying a car at x2 price that of an ICE in poor latin america?! BYD in Europe on the streets like Renault,Volkswagen etc Not even close! Where are these cars from Chinese EV selling statistics?
@@strigoiu13 "they are nowhere near to be seen in large numbers" lol, the sky is blue? Because Chinese companies have only just began exporting cars. Unlike Tesla.... However, I'm talking about the "Growth rate " of the sales of Chinese EVs abroad... Africa, Latin America, Asian, Australia, Europe. The growth rate of these sales speak for themselves lol...
No you won't because usa know they are better quality and more advanced and cheaper so usa government have slapped a 100 percent tariff on them ... ripping off their own citizens and falling behind... I have will own a nio et7 in uk well before you can in usa
@@frankgriffin6293 BYD are used as taxis all over China. There are now cars with well over 600,000kms with minimal battery degradation and the interiors are still fine.
When you realize that Americans subsidized more money to American car companies like GM, but only got a bunch of crappy photos in return, you will understand why Americans are so angry about Chinese electric cars.
Wow, as a chinese i am shocked to read the positive comments here. I am speechless because i know how americans view china, its givernment and the people. But surprised in a good way that there are some people here who arent biased!👏
Most intelligent people I've met like Chinese people, but they despise the CCP. Unfortunately, the CCP sells itself as the embodiment of the Chinese people and acts as such. It leads to confusion.
Don't drink the sauce. Japan has already dominated here, and now China is trying to take what is left. Trump winning an election should tell you more than just a comment section. There positivity usually turns to malice.
Also she went to Gen 1 swap station of nio that's why it took 10 minutes, why didn't she try Gen 4 of 3 minutes, CNBC youtube exist and we can check other sources be careful of your credibility
They intentionally chose the worst possible outcome in everything for their reporting. This type of media reporting and the reporters themselves earn their livelihood from lies and hatred they sell to the world. They are more than hypocrite, ev!l actually.
@@charlech you can fast charge or swap, you can leave the car and go it will swap and go back to it place, you can upgrade to a new chemistry, you can rent your battery, what do you want more?
GM was given $2.3 billion incentive to build a factory North of Detroit in 2009, Tesla was given $1.3 billion for a Battery plant in Nevada in 2014, this information is sourced from Reuters.
Shhh.......Again you are saying the quiet part outload.....next thing you know you will be letting slip about the large tax breaks and subsidies paid to Boeing.........
@@jklee5419*🤭 CNBC, the only reason Tesla Model Y is the most selling model in the world is because American and Europe (race based policy?) have banned Chinese car and China has never banned American cars. In fact if you buy Tesla Model Y in China you get exactly the same subsidized subsidy as a regular Chinese cars - Google it that is how fair Chinese government is*
They weren't "GIVEN" that money as if they were given cash from the government. Most of it is in the form of state and local tax breaks. They would pay 0 taxes on revenue and business tax for 20 years to build a factory there. The state also will dish out money to build infrastructure such as roads, bridges and highways around the factory as well as housing projects to build neighborhoods around the area. Look at it another way, if Tesla builds that factory somewhere else, they would get 0 taxes from Tesla anyways, so the tax breaks don't mean much. Instead they bring in lots of employees, keep their locals employed, and kickstart the local economy. The amount of money they actually gave to GM and Tesla towards building a factory is nowhere near the numbers stated.
Just gonna say that those aren't mutually exclusive. You can offer a lot of bells and whistles - both physically and via software features - but still feel cheap in the overall fit and finish of the vehicle or the software package.
@@The_Noblest_Roman just want to say they don’t feel cheap and what she said is Chinese EV are only advantaged because they are “cheap” as in inexpensive. BTW… what feels cheap are American cars if you want to start talking about feeling cheap.
@@The_Noblest_Roman Every car makers offer standard and luxury editions. If you want to cast negative light on a car maker you test drive its cheapest model and comparing it with other competitors most expensive model while don’t make that distinction in presenting. From her facial expression she comes across going into test drive with prejudice that Chinese products are cheap and low quality.
Great report. One interesting point would be how much Tesla has been subsidized and backed by the government. We always hear that Chinese companies receive so much, but American companies also get benefits too.
The broadcast's depiction of a 10-minute battery swap at Nio's first-generation station is misleading. With the fourth-generation battery swap stations now in operation, where the entire process, including parking and exiting, takes only around 4 minutes-2 minutes and 30 seconds for the actual swap-using outdated technology to assess current capabilities gives a false impression. This approach fails to accurately represent the technological advancements and misleads viewers about the current state of Chinese EV technology.
News is for poor people. Normal "US citizens" have known that 100% of electric cars will be manufactured in China for over 10 years. How foolish CNBC is to think we haven't already know this for over a DECADE. They must be numskulls over there, lol.
The reporter also wasn't able to actually describe many of the "uncommon" features in the Chinese EVs. They seemed to NOT have consulted with knowledgeable car people in China, under-estimating the complexity, and creating a feature that is less informative than it could have. My guess is that they couldn't distinguish a 1st gen vs. a 4th gen Nio.
10-minute battery swap was a lie. If you understand Mandarin, the AI clearly told her there was two cars in front of her....She was including the wait time.
I’ve been in China for the past 18 months. The local Chinese brands are running rings around the western and Japanese cars. It’s such a shocker. Avatr and Aito especially are levels of technology above Tesla, VW etc. I find it’s a good thing. It’s about time the western vehicle companies get some real competition and not stock buybacks. A huge advantage the Chinese has over the Americans is their world beating supply chain, automation technology and local engineering talent. The local EVs are also better quality, similar to how we think German engineering is ( although German cars are notorious for expensive parts and low durability ). Without tariffs, the western car company’s will go kaput. Good riddance.
I see vehicle by GM in China from videos and GM offers a better version of any vehicle they sell here in the US. They have to upgrade their standards to compete with the Chinese hugh quality cars. While they give us the crappier version here in the US. Lol
@@trevoncampbell2744 because she did not dare to show you better Chinese EV. All she quoted had already been low class. 😂 Do your own research if you are interested in the truth. Otherwise,you can always stay in your comfortable zone.
Where in China or which Chinese company did you work for and didn't get paid? Open your eyes and mind, and you'll see 'Huawei'.....is the future in every industry in the next century. 'Huawei' translates beautiful China, I mean the word not the Company.
The $3.7 billion subsidy received by BYD between 2018-2022 avergaes less than $800 million per year - this is insignificant compared to BYD's $83 billion revenue in 2023. To put it into perspective, it’s like subsidizing $1 on a $100 car. How can U.S. argue that this constitutes "unfair trade practices" by China? And how can U.S. justify imposing $100 tariffs because of a $1 subsidy?
@10:57 Are you serious that Chinese EV makers are not focusing on performance? What car did you test drive there? the NIO you drove can accelerate from 0-100km/h (0-62mi/h) in under 5s. The top speed is 313km/h (194mi/h) ....and did you try or even heard of the Zeekr 001 FR, the BYD Yangwang U9 and Aion Hyper SSR? They can make 0-100km/h (0-62mi/h) in around 2s. Not to even mentioned the Xiaomi SU7 Ultra but simply their Max. They (even a smart phone company) are building exotic EVs; and where's the Apple EV which had been bluffing for over a decade? These information are not only black and white but also available even online with different videos and clips to support. Do more research before making such claim! CNBC! Please DO NOT follow the BBC and CNN path to misinform your audience. There's nowhere to hide when you tried so hard to delude the crowd by feeding false infos, the world has changed when social media rises and everyone can report hardcore facts on spot and even livestream without manipulated content to mislead others!
There are Chinese EV's everywhere where I live. In fact I'm looking for a new car and torn between the Toyota Yaris Cross HEV and the BYD Dolphin EV. Since I rarely drive more than 100km/day, an EV makes sense, so I'm leaning towards the Dolphin.
Bro you can’t compare the super car EV performances to that of common mass market Chinese EVs. In that case you’ll have to compare those to the lucid air or the model S or the rimac nevera. And even there Chinese automakers fall behind their western counterparts. It’s no secret that Chinese cars don’t have the best bvehocle they will gradually gain expertise in that area as they make more cars and pivot to more quality products. What she is talking about in the video is the car handling and control ability which is very different from pure straight line acceleration. There is more nuance to the argument. Get educated!
@@portcybertryx222 Have you ever test drove a Chinese EV yourself? Well, I have the voice since I did and I test drive non-Chinese EV as well. Not only their performance but their handling is marvelous too....Look who is not eduacated while someone is simply sitting on a catbird seat
@@machodude5396 yes i have driven cars from Wu ling, Zeekr and BYD. I will say that the specs and the tech they manage to include in the cars is impressive but they t still lack the polish that comes with most established brands when it comes to vehicle dynamics. Yes I’ve seen the flashy suspensions they include but there is a difference when you feel that there is a lack of tuning and polish with these vehicles especially with some of the ADAS features. Like you feel more confident in the GM Supercruise than Baidu enabled ADAS. But these things will come gradually as they iterate and continue to improve on the product but s for now they still have a long way to go. Right now in EVs Lucid is at the peak of efficiency and handling.
CNBC, you won't tell us about the humongous amount of funding and subsidies that the US gov dumps on its EV, battery and high tech industry right? Right?
So, so, so true. What the US subsedize its big firms (Boeing anyone?) that's OK but when other countries do the same, the US blame them for unfair competition.
It has been like this for a long time already. We cannot buy those nice looking and relatively inexpensive European RV in the US and have to put up with the American junk. 😅😅😅😅
Competition drives down electric cars. You can only make them work with mandates in the US, and if they really went after mandates, I suspect the black rifles would start to come out. Anyone who's looked into the grid and power generation and price and complete lack of utility of electric cars in a giant sometimes cold country knows you can't make people drive them without making people very very very angry. And that is why it's good we have the black rifles. Those black rifles are protecting freedoms around the world in an oblique manner.
Question is: How much did Tesla get subsidized by the Chinese govt and American govt? Tesla did get tax break to build the Giga factory and received EV rebate just like the Chinese automakers.
China subsidizes Tesla by $500 million. This does not include the exemption of car purchase tax (10% of the car price), $4 billion interest-free loan, land concessions...
*🤭 CNBC, the only reason Tesla Model Y is the most selling model in the world is because American and Europe (r@ce based policy?) have banned Chinese car and China has never banned American cars. In fact if you buy Tesla Model Y in China you get exactly the same subsidized subsidy as a regular Chinese cars - Google it that is how fair Chinese government is* I guess if she just won't talk to talk about *Tesla panel gap and other quality and Design issues* - I mean there are thousands all you have to do is Google it *... while you are at it Google "coin balance on a 375 kilometers per hour bullet train" 🤭 That was a trend in China a couple years ago*
dude, China banks did provide huge loans to Tesla Shanghai, only this. and Tesla paid back it already. That is a simple business action. not a fixcking subsidizes. They were both win-win.
These Chinese EV makers would absolutely dominate the U.S. market if they had free access. They were invited to Thailand by the government a couple of years ago (no tariffs) and now 2 years later the Thai market is flooded with drastic price reductions on EVs (great for consumers). Legacy automakers in Thailand (mostly Japanese) are already cutting their production or pulling out altogether (Subaru). There is a definite need in the U.S. for lower priced vehicles, let them in!
Yes. Outside of experimental test tracks I don't think there is a single battery swap station in the USA. We have a native industry hiding behind tariffs and petroleum companies who do not want to change to today's reality, and as a result the options that we have are so far behind.
Chinese EVs can stay outside USA. USA don't have the infrastructure anyways to support EVs. They can't even fix their subways and bridges, forget a nationwide Electric power chargers.
I've seen the durability and reliability of Chinese products improve over the years and decades across so many items - from simple t-shirts, to plastic ware, to electronics. And they all remained low-cost to the end-consumer. I'm no China-government fan as they are encroaching on our sovereign seas but I cannot deny the improvements that they're making in their products. Pretty soon, I can indeed see that our roads will be littered with these Chinese-branded cars even though we're at odds with them over territorial disputes.
It’s not BYD and Chinese EV makers versus Tesla. It’s electric vehicles versus ICE vehicles. This is fundamental and should be understood by the mainstream media and it probably is.
For some reason CNBC decided to choose a 6 year old Gen 1 NIO model and battery swap station. It’s so biased, it’s ridiculous! 🤦🏻 Guess what, technology has actually progressed a lot for six years! NIO’s cars are now in their third platform generation and the battery swap stations - in their fourth. CNBC, you’re making fun of yourselves! You should invite your viewers to stay tuned for your latest smartphone review in October when you’ll compare the Google Pixel 6 to iPhone 16 and bash on Google that they’re dragging behind Apple! 🤡
@@henrylopez3479 Is it possible that almost all electric vehicle batteries are now monopolized by China? When you have time, you can search for China's electric vehicle battery market share!
I have family in China, and one of them bought a Lync&Co 08, it’s an upgraded Plugin hybrid, the battery has a range of about 150 miles(he uses it as an EV), and with a full tank, you can go for over 700 miles easily It has heated and ventilated front seats, and all seats have massage functions, you pretty much find everything in that suv, and he roughly paid $30,000 USD I was blown away. No wonder other car makers don’t want Chinese manufacturers to enter the market here
There needs to be an even playing field. When the Chinese government is subsidizing the price to design and build these cars in order to flood the market with inexpensive vehicles to subdue the competition, there is no even playing field. Thus the US, Europe and eventually (sigh) Canada have high tariffs on Chinese car imports.
When they mention how much China has given EV companies in subsidies, they never compare it to how much the US government has given in similar subsidies. Why? Because the US number is more.
It's a little different. We give temporary subsidies to boost the local market purchase, infrastructure and enable consumers for the EV transition. We are not aiming to put everyone else all over the world out of business.
If I get an EV with more than 300 miles of range for less than $15K, then it can squeak and look as weird as it wants. I don't care I just want a functional vehicle. Who cares who makes it?
@@yuvalkapellner2551 It will be crash tested just like every other car sold in the US. If it doesn't pass the testing, insurers will refuse to offer a policy and people won't buy it.
@@benrywwhat the regulators receive and what consumers receive are two different things chinese companies have long been known for attempting to cheat the system. and byd car sales have plummeted in many countries bc of safety issues related to batteries and brake and steering failures.
They didn't even talk about Huawei, which doesn't make cars on their own but have launched a number of models with other brands together and with high end auto driving capabilities.
Yup. And meanwhile the US govt themselves spent $94 billion on subsidies in the 2nd quarter of 2024 alone. The US spent $1 trillion of tax payer money in 2022 on oil subsidies alone. Meanwhile oil companies and their executives and shareholders make bank...
China suppresses unions, so no matter how well will Chinese economy doing, Chinese people are not going to make the same money as in other similar developed nations without these restrictions, so the US cannot compete with China on price while keeping some resemblance of worker's rights... As you can see from many dedicated videos on UA-cam showing failing Chinese EVs (but may not see it in big media that trying to keep good relationships with China granting them access at the expense of balanced reporting), Chinese cars have still issues with safety ratings and battery quality control, thus cases of people burning alive during accidents because doors and windows get jammed while the battery going full 4th of July or batteries that set on fire while charging but once these issues will be fixed China is a serious competitor which is now only on paper because in reliability and safety cannot compete with VW, nor Ford, far less with Tesla but it may be already better than GM's failed Bolt EVs with its faulty batteries that were recalled recently... China working hard to catch up and Chinese work harder than West but cutting too many corners, so until they produce something with at least 5 years of good user reviews with taxi drivers, I think most would need to be rather desperate to buy their EVs when you can buy a few-year-old Tesla cars for half the price of new ones due to oversupply.
China suppresses unions, so no matter how well will Chinese economy doing, Chinese people are not going to make the same money as in other similarly developed nations without these restrictions, so the US cannot compete with China on price while keeping some resemblance of worker's rights... As you can see from many dedicated videos on UA-cam showing failing Chinese EVs (but may not see it in big media that trying to keep good relationships with China granting them access at the expense of balanced reporting), Chinese cars have still issues with safety ratings and battery quality control, thus cases of people burning alive during accidents because doors and windows get jammed while the battery going full 4th of July or batteries that set on fire while charging but once these issues will be fixed China is a serious competitor which is now only on paper because in reliability and safety cannot compete with VW, nor Ford, far less with Tesla but it may be already better than GM's failed Bolt EVs with its faulty batteries that were recalled recently... China working hard to catch up and Chinese work harder than West but cutting too many corners, so until they produce something with at least 5 years of good user reviews from taxi drivers, I think most would need to be rather desperate to buy their EVs when you can buy a few-year-old Tesla cars for half the price of new ones due to oversupply.
The US government offers a federal tax credit of up to $7,500 for new electric vehicles (EVs) and up to $4,000 for used EVs that qualify under the Inflation Reduction Act of 2022.
and tesla got huge subsidies from government, its a government product, just like chinese carmakers. just like german cars in Germany, etc. and eu will block chinese cars, too. would be too disruptive for local carmakers. “Elon tends to say he’s hostile to subsidies while Tesla is gobbling them up like a hungry Godzilla,” said Mike Murphy, a Republican strategist who runs the EV Politics Project, a Los Angeles-based advocacy group that seeks bipartisan support for electric vehicles. Elon Musk’s growing empire is fueled by $4.9 billion in government subsidies - 2015 los Angeles times
Why are they testing a 4 year old NIO model. The swap station is 1st gen swap station. If they showed 4th gen swap station it’s a no brainier to be superior technology to all the other brands including Tesla. Swap is done around 3 minutes. Not to mention car can go and swap unattended. By itself !!!!
US: Capitalism is the best social-political system also US: "Oh noes, China is beating us at our own game! plzplzplz we need government intervention to impose tariffs"
No joke - but the true irony is the Biden admin's platform is supposed to be "anything to save the planet" mentality. It goes against capitalism AND environmentalism.
I’m surprised they’re even talking about this stuff. America will impose enough tariffs to make sure Chinese cars never come to the states. Why even bother reporting this?
They are buying time for the local US industry to catch up instead of being crushed. While it means no cheap EVs right now, it will benefit the country in the long term because the auto industry will adapt, and more importantly, remain. Here in Australia we have no auto manufacturing anymore, so there is nothing to protect, hence we have no tariffs on Chinese cars. These manufacturers are taking full advantage and are about to launch 10 new brands here in the next year, in addition to the 5 or so that are here already... some of which are charting in the top 10 brands already (by sales). This would pose a serious risk if we had our own industry to protect. The US auto manufacturing industry employs near 1 million people, so understandably they would want to protect it.
China does the same thing. It is not capitalism when you say a US company MUST partner and share its technology and patents with a Chinese company in order to sell your products in China.
The Chinese governments has the same restrictions in their own market, they economy is closed for the most part, zero American companies are allowed to be owned the only company is Tesla. USA has allow China to operate their own businesses, last their citizens can buy land, stock and etc. In China you can do any of these things without being a citizen or resident
China will only get better and better. Look how far they have come in such a short time. We have loads of Chinese vehicles in New Zealand. People seem to love them when you talk to them about their experiences.
The person who did the testing for NIO has not done her homework.Firstly she tested a 4 year old NIO car secondly how does she get 10 minutes for a battery swap maybe she used a old battery swap station most swaps take about 5 minutes and lastly is is obvious that she is a Tesla fan
The subsidies are to get production going at home to satisfy demands currently filled by imports, not to suppress competition for exports like China is strategizing.
@@doujinflip every major industrial nation has subsidized their powerhouse industries „to get production“ or „to suppress competition for exports“. I think it’s difficult to draw the line.
I don't understand why the media portrays China's government helping its industry as a bad thing when all the countries in the world are aiding their EV sectors with tax cuts and other incentives. Why is it considered bad when China does it, but there are no criticisms for the rest of the world?
因为中国强大了，而西方世界一直奉行着生存空间理论，中国的强大，意味着他们的利益会被取代。
Hypocrisy that’s what it is
Propaganda
Chinese cars are cars of dictatorship and autocracy, while American cars are cars of freedom and democracy.😂
So, yeah, China subsidizes their e-car companies, to grab markets around the world. I think they also use slave labor, like in the western provinces we've heard so much about. Using slavery can be very profitable - that's how the US got so rich.
If this video wasn't Chinese propaganda, they might tell you of the cars that explode and stuff. Chinese and Russian propaganda is widespread these days, and they mask it by having westerners say it, like in this ad.
I've lived long enough to remember those days when Toyota and Honda were seen as a threat to America.
In a way they still are because Japan and germany combined have more than half the American automobile market.
Yeah but the Japanese have a penchant for quality, the Chinese...? CHA BU DUO
We banned Huawei phones due to CCP spyware.
The Chinese Communist Party has direct access to TikTok data: EVs will be the same.
That was Japan and this is China, two diffrent countries, nations , cultures and mentalities.
You completely miss the point. They moved their factories to USA. No longer a “threat”. BYD should be invited to do the same.
An American complaining about Chinese government supporting the auto industry?? they must suffer from severe amnesia at home
The car industry is subsidized everywhere in the world. Even Tesla is subsidized... in China!
Korean descendant. No wonder why she supporting the KIA crap and defaming the Chinese EV at the same time. Reporter my xxx
You mean "supporting" it with slave labor?
Exactly, it's not like a single auto maker in the U.S. got bailed out from extinction in 2008, they are way too robust for such nonsense.
I think so too and I live here!
This is such a poorly researched video. When CNBC talks about reasons why the Chinese EV are cheaper, They seems to ignore the fact that Tesla is also manufactured in China, and they received more money from the government than same Chinese company mentioned in the video.
CNBC one of the fake news networks as always
如果没有Tesla上海超级工厂，可能今天就不再有特斯拉汽车了，上海在十个月的时间为特斯拉建造了一座超级工厂（面积是五角大楼的三倍）
@@张先生-p9l 是的，上海超级工厂拯救了特斯拉，当时特斯拉股票一直被做空
That NIO is 4 years old, swap station is 1st gen. Why did you deliberately pick an old product. This is misleading. Imagine comparing Apple to Samsung with an iPhone 8. That's what you've done and don't think people will not realize it. CNBC , dishonest as always.
Because it is American CNBC. They don't want people to buy Chinese EVs
The quality of Chinese cars is poor, but more important than that is that your information and that of your family can be transferred to China and put you at risk.
@@jihooncha-vs4om source ? Proof ????
To be fair Apple's latest iphone vs Samsungs latest galaxy, is still years behind 😂
They picked what was available on the market.
I live in Brazil and I don't remember the last time i saw a tesla. On the other hand, I see at least 10-15 BYD every day. I live in Florianópolis
If Brazilians could afford Teslas' tagprices, you'd see plenty of them and hardly any BYD.
@@docdave1994 They can afford a Tesla, but they won't because the car is not available as wide as BYD's cars are.
I've never seen a Tesla in Brazil, though I imagine there are some imported ones in São Paulo. It makes no sense to own a car here that you can't repair because the manufacturer has no official presence. So it's natural that there are practically none of them to be found. Even if Tesla did sell vehicles here, the cheapest one would go for AT LEAST 400k BRL, so it would be a luxury car in practice.
@@son_guhun It's a luxury like a Ferrari or a McLaren. We can't fool ourselves anywhhhere in the world: if you have the money, you but it! And if we think about it the same goes with BMW's top trim or Mercedes car in Brazil. As you may know, the brazilian market is not like the american market. Every decent car is ver expensive, that's why we buy the cheap ones, but if you have the cash... There's no limit, so buying a car from Tesla, Ferrari, Porsche, McLaren and so on
@@docdave1994 tesla is garbage south of the border.
If Chinese cars cannot succeed overseas against U.S. legacy automakers, then why are we imposing tariffs on them?
yeah sell to anyone in the world except amercan. american deserve to pay the expensive + normal quality, but other can pay for cheap good quality car.
Go to school.
I believe I heard thw answer to your question in the video. The USG set the tariffs preemptively. The tariffs will force the Chinese to compete with similar prices seen in American EVs. The belief is that not taking this action could impact employment for the American worker, and hurt American businesses.
Thats the crap that always makes me mad at corporate America.... They complain about government interference.... Then demand terrif so they can compete. Such a double standard.
Because they are thieving tech cheaters subsidied by their nasty regime.
Since Chinese electric vehicles are so uncompetitive, the U.S. government should quickly lower tariffs to allow their entry.
agree
all of a sudden the US doesn't like the free market lmao. but if a poor coutntry doesn't want US subsidized goods in their country because it outcompetes their local industry that is unacceptable.
Since China made cars are so uncompetitive, useless , then why those western countries so call freedom nations such as United States and EU are so worried about the China made cars .
Yup…. Why fear if the car is such useless and not user-friendly
Trump 100 % 😂😂😂😂😂 Tarif
I remember when people said “Americans won’t buy Japanese”😂
they brought japanese cars after the war was over. but war with china has not started yet
Japanese cars dont explode for no reason and use slave labor to produce their vehicles. Unlike the CCP and BYD! Heard of the Wygurs?
thats beccause people like you think Chinese, Japanese, and Koreans are all the same. The less educated you are, the more you would think they would you do.
The difference is China isn't an US colony
Crazy, that’s all I buy! I refuse to buy an American car.
As someone who works in automotive out in Michigan, I’ll say that China’s growth in EVs has been anticipated for a long while now. There’s not a single global supplier that doesn’t have Chinese auto as a massive revenue growth projection going into the late 2020s and beyond. We’ve been kinda living in a bubble over here in the states while BYD, SAIC, Geely, Great Wall, Nio, and a bunch of other companies that Americans haven’t even heard of have been slowly penetrating market share through the rest of the world. Benchmarking companies like Caresoft and A2MAC are barely getting their hands on recent model year Chinese EVs for teardown, and there is nothing to laugh about on these products. The US and EU wouldn’t be threatening massive tariffs on Chinese EVs if they weren’t afraid of a threat.
This is one of the truest statements I've seen posted about this subject. This from someone who retired from a company that were supplying the automotive industry.
The us considers chinese garlic a national security threat too. google it. no joke.
Thanks for the honestly, others are still living in a bubble.
@holycrapitsjake excellent point. Do you think the Chinese EV makers have to consolidate (losers get bought out or go bankrupt) before they become a more formidable threat?
@@agordon333 That's a natural evolution to any industry. They are consolidating now massively. Many are going under.
CNBC did Nio dirty, showing a 4 year old Nio and a gen 1 battery swap station 😂😂😂😂. Nio is on gen 4. Cant handle Chinese competition so misdirect people
maybe that is from carhire company LOL
Older gen NIO, first gen swap station. Of course it's not going to be as good or fast as the current gen stuff. 🤦🏻♂️
The quality of Chinese cars is poor, but more important than that is that your information and that of your family can be transferred to China and put you at risk.
@@jihooncha-vs4om so china has my data or us. Which one is worse?
@@jihooncha-vs4omshow your proof.
I live in New Zealand, when I was 16 the British mini was the cheap car on our market at $3750. British cars were notorious for their lack creatures comforts.No heater no radio etc. Honda hit the ground with same size car engine etc at $1995.00…….naturally there was the screaming about ‘made in Japan etc’ the Japanese became acclaimed for cars that lasted far longer - still do over European cars - and the extras that people wanted. China is the same but they are so much faster. The American market has been far too slow to adjust. The sixties in the US was good example. The only thing car companies changed were the panels. Safety was compromised badly…people died. The reality is a company adapts or dies. Because they are a hundred years old and your father drove one doesn’t mean they are any good. The system over the last 50 years is broken. The advertising/dealership model is crazy…soon we will buy off the internet via direct marketing. No dealers. The local garage will be able to sort 99% of issues. The cost of dealers and advertising adds a 1/3 to the price. Democratic cars are coming. Trump’s isolation based policy will make America not great.
In Australia, the car of choice was was the Holden. This was bought out by General Motors. Thus it became GM Holden. It was very basic, unless you were prepared to pay extra, no heater, aircon, power brakes or power steering. It was basically garbage. Fellow Aussies used to say "it is Australia's car" overlooking the fact that it had imported Buick engines and other this and that. When Toyota came on the scene in the mid sixties, it was like a breath of fresh air. Australia then started to manufacture their own Toyotas. Electric cars will be produced more and more due to climate concerns. So let us get away from expensive Teslas and have Chinese electric cars. Maybe it will be the new wave.
Five automobile manufacturers, including Toyota, Mazda, Yamaha, Honda and Suzuki, submitted false data for performance tests and admitted to fraud in safety tests. Recently, Hitachi metal exploded data fraud for at least 30 years. 1,952 global companies have been affected.
That’s right! If the Chinese enterprises are not doing well, blame the Chinese government for dictatorship…but if the Chinese enterprises are doing too well, blame the Chinese government for too much support. 🎉
Modify it slightly：
If the Chinese enterprises are doing bad , blame the Chinese government for dictatorship.
If the Chinese enterprises are doing good, blame the Chinese government for dictatorship yet.
Free to Tibet, they are not even Han Chinese, they have a totally different culture.
Free Xinjiang, same as above
Free Taiwan, they have diverged sufficiently that it's no longer a part of China. It's akin UK trying to reclaim Canada or Australia.
China is an evil country.
hahaha exactly! Our government gave the EV industry far more support cash then China has. The difference? Our tax dollars went to massive stock buybacks, shareholder payouts, and Elon Musk's 60 billion dollar bonus.
It’s unfair communist state subsidy not just support. Subsidy is often the trigger point for trade war.
@@trel3574 Unfair? There's no rules
Ridiculous. She used the oldest nio model and swap station. This woman clearly had an agenda to bash the Chinese EVs and praise Tesla. This wasn’t a fair comparison
Tell me you are a bad journalist without telling me you are a bad journalist.
@@coldfusiontrashcompactor5643 Said a dead brain army. LOL. You look so stupid bro.
@@coldfusiontrashcompactor5643 what did you say about your mom again?
Thats good to know, well CNBCC is notorious for bias context.
She is so bias for those already established themselves.
I appreciate all people's comments. They gave me much more knowledge than the video itself)
i drive a 2011 great wall. it was in an accident and did very well. driver control saved our lives when it took over control in busy traffic. it was repaired and it is many years later, and it runs very well. it has only the usual servicing and is still very good.
Taking control? no thanks
@@stratcat3216 Volvo, which is famous for its safety system, will also take over the vehicle in an emergency to help you avoid a fatal collision. Through the aggregation of many accident data, this active safety technology has greatly reduced the driver's mortality rate. So why not accept safer new technology? Or is it just because it is made in China?
Five automobile manufacturers, including Toyota, Mazda, Yamaha, Honda and Suzuki, submitted false data for performance tests and admitted to fraud in safety tests. Recently, Hitachi metal exploded data fraud for at least 30 years. 1,952 global companies have been affected.
Germany exports more than 80% of all cars it built yearly, and there's no overcapacity heard. China export less than 20% of the cars it built, and what do you hear?
Western world always unfair and bias
Germany's exports are not subsidized by the gov't. China's auto makret is about 10 times larger than Germany's.
Typical fearmongering by mainstream medias
Disingenuous to focus on Germany alone when the entity claiming China is dumping and adding tariffs is the entire EU. What percentage is the EU exporting ? BYD is smart - they are building the Turkish factory to secure EU business.
@@dannyhang7482 does germany subsidize their auto industry? because that's the real debate here, if chinese government doesn't underwrite their EV industry, they can't offer the cheap prices. enjoy the tariffs.
Looks like this lady used Nio first gen swap station. 3rd and 4th gen swap stations takes just 3-4 minutes. Stop misguiding people.
They’re trying to discredit the Chinese ev’s mayors for some but there’s no such thing as bad publicity. People will actually start looking into them more
Also she drives the oldest model of the NIO ES8 from 2018
@@angelozhangSshe’s driving a NIO EC6 from 2018 and Gen 1 swap station. Bump this post entirely, CNBC is false advertising and in a sense deliberately putting down competition.
@@tm4s426-She probably did not know. She told the car to find a battery swap and it went to this one since it was probably open (because it is a slower/older one). -For USA 10min to charge or swap a battery is very fast.
@@jonmccormick8683 well, if that’s the case why use a 2018 car when it’s not 2018 and review the tech and say the tech isn’t great.
Japanese Automakers: We'll give the consumers what they want. Chinese Automakers: We'll give the consumers what they want and cheap. American and German Automakers: We'll give the consumers what they want... at a premium or subscription-based model.
Companies like BMW, Mercedes, etc at least exist to make expensive high end cars. American automakers make cheap garbage priced like high end cars
Sounds right. My Bronco’s infotainment system loves crashing 1 hour into a commute. Paid 50k for that thing.
@@shiftymcgee9359lol, sure you didn't. If you're even American, a person who spams negative comments about the US and its cars didn't buy a Bronco.
@@chickenfishhybrid44 there’s a difference between negative criticism and constructive criticism. I’m sorry you can’t differentiate between the two.
No. Japanese, German & US auto makers are not giving what the customers want (EVs). Typical inefficiency associated with large companies killing them. Toyota spent billions in Solid State battery & just realized that's just gone down the drain. Same story is true for others. So it's time for agile & nimble Chinese auto-makers to dominate.
As a consumer we can only hope for this war to be quickly over.
Only CNBC would hire such a substandard reporter to distort the facts in an attempt to slander Chinese cars.😊
The truth is that European and American car companies cannot compete with Chinese car companies, so they find an excuse to increase tariffs to protect their own car companies.
They have to earn their fair share of the Biden’s China misinformation budget
Eunice Yoon is so unprofessional and she should be known to the world for this reporting
korean american 😢
Totally agree! You can actually see malice in her face when she talks. CNBC clearly not concerned about its reputation and integrity😂
Between 2009 and 2023 GM alone has got $221Bilion USD of TAXMONEY from the US, UK, EU and AUSTRALIAN Governments in the same time
....probably paid themselves bonuses instead
It's called incentives for the West; while it's called subsidies for China.
Tesla as well
Pure greed is what drives them
Source?
Even something positive is reported in a negative way
That's just Western marketing stunts..
In reality, some Chinese products are actually really good..
Hah! Obviously CNBC won't show one erupting into flames during their well paid promo here...
How is this being reported negatively??
@@MattTee1975 Because it included 'downsides', and for some people, it's not acceptable to report on a situation fairly and cover both good and bad, only reporting good is acceptable.
@MattTee1975 who buys a car or sits in a car and looks at the seat to see if it's evenly installed?
Speaking of Chinese government's EV subsidies, Tesla received the same subsidy as other Chinese manufacturers, and they built a gigafactory in Shanghai, doesn't suprise me that Rivian, Lucid, and Fisker couldn't dethrone Tesla in terms of sales.
说到补贴，国内和国外品牌政府给予到同样待遇，什么叫公平？这TM的才公平！
Rivian Lucid and Rivian are not the same as Tesla at all.
@@markthomas7279 guess you are right, because I saw Tesla after Tesla after Tesla in Beijing, and I asked myself, where are the Rivians? Where are the Airs? Why nobody imports them for a high markup like what they did to the Land Cruisers?
Normal "US citizens" have known that 100% of electric cars will be manufactured in China for over 10 years. How foolish CNBC is to think we haven't already know this for over a DECADE. They must be numskulls over there, lol....
Govt don't have proper direct subsidy on Tesla but China spent $230 billion for its EV
Shame on you CNBC.
SW, did it hurt your fan-boy sensitivities?
@@earlysda this is because CNBC is a Not a Honest company ! shame on CNBC x 10000000000
If the Chinese EVs aren't as good as Americans expect, why fret over Chinese EV exports? Why impose tariffs? If the cars do not suit American taste, then they won't sell. Period. End of story.
The funny thing is, Tesla's are actually trash. American made cars have a bad reputation around the world for being terribly built.
Correct
They are playing into the American fear that Chinese companies produce low quality products. The reality is that sometimes they make fantastic quality and sometimes they make terrible quality. The American consumer is the perfect market to weed out which is which
because they flood the market with really cheap cars, selling them at a loss to make market share, THATS WHY
Until there are state subsidies there must be extra tarrifs. Otherwise is very stupid
😂 it's fun to see how US reports China becomes similar to how North Korea reports US. Everything can be framed in a negative narrative.
Well yea I would assume that's how you treat an enemy😂😂
I think in the US it's called regime propaganda😂 the irony. Now try to say something about Israel
It's so funny how Chinese simps are unable to cope with even the most mild critique of Chinese products. It's seriously embarrassing.
@@naeso9994
They are not. They are competitors. US is just upset that they are no longer the only game in town.
this one seems quite neutral
Remember in the 80's and 90's, US politicians and automakers were trashing Japanese cars? My late 90s Nissan still looks and runs like a brand new car. Teehee... 😂
That was Japan and this is China, two different countries, nations , cultures and mentalities, the junk making culture won't change that soon.
Yea are you a bot? It's CHINA who is an enemy 😂😂
@@JigilJigil Rubbish. Japanese brand and manufacturing had gone downhill since the late 80s when they started to use their new found wealth to invest in Real Estate worldwide and media. In the 70/80s yes, not anymore after that.
@@JigilJigil >junk making culture<
i hope you realize where all your smartphones and computers come from. it clearly already has the equipment and skilled labor force to produce high quality goods, and now china is developing its own intellectual properties so that it's not so reliant on american brands to drive economic growth
@@IA100KPDT so the chinese are already going downhill?
When i test drove a lot of EVs (i live in china) we started with the Tesla since thats what I was familiar with. That is a very boring car, far too simplistic for me. All the chinese EVs were more tech heavy, comfortable and enjoyable. Test Drove: Neo, Li, Artic, Hifive, Xpeng, Mustang, Tesla, Lexus, BYD, and half a dozen more whose names i cant remember. I ended up buying the Geely Zeekr 001 and its been amazing for almost 3 years now Heated/ massaging seats, massive back seat leg room, massive hatch space, fun LED trim, good computer display, and very stylish. Free charging and when my wife hit a ballard they came to get the car, fixed it, and returned it to our doorstep. Tesla may have led the way, but they tried being way too simple like apple phones for my test, I wanted my car to be more fun.
你应该说价格，才是让他们崩溃的边缘
Nio investor and enthusiast here to set some things straight about this dishonest video.
At 7:39 they are showing the first generation EC6 model, which is a car from 4 years ago. We are already at generation three. On top of that she showed a swapping station that is from the first generation. In the whole of Beijing there are only around 14 generation one swapping stations. All the other ones (around 100 swapping stations) are generation 2 and 3. The swapping station she uses only holds up to 4 batteries, while the majority of all the other swapping station hold 11 or more batteries. The fourth generation even holds more than 20 batteries! Also, she states that swapping the battery took around 10 minutes at 8:09. The majority of the swapping stations can swap the battery under 3-4 minutes. The fourth generation is able to do it under 3 minutes!
This women took literally the first and oldest version of the car and the first and oldest battery swapping station in order to compare to Tesla. This is manipulation at its finest. Some statistics: in the whole month of July the average amount of swaps on a daily basis reached 60,000 plus! The latest generation of swapping stations can swap 480 batteries within 24 hours. Nio has recently passed the total of 50 million battery swaps. The swaps are now going at a rate of more than 2 million swaps on a monthly basis. Let that sink in for a minute.
Total BS this video. This woman is a Tesla fan and compares apples to oranges. Chinese EV makers are outmatching the Western car companies at an accelerated rate and Elon literally said this himself in a phone call to a journalist.
Manipulation of the highest Order!
💯
I hope CNBC realizes a lot of people caught this and will be called out very soon.
@@tm4s426Don't hold your breath. CNBC is shameless about it.
CNBC fake News factory
yes This is manipulation at its finest.
Honestly car prices have gotten outrageously unaffordable where you can’t even pay cash for a decent used car. It’d be nice to see fresh competition drive down prices
Not with that 100% tariff you won't. Americans will just have to keep paying higher and higher prices for cars I guess.
@@tren133 US government don't care if their citizens able to buy affordable and cheap car, they just care about their own pocket money : )
All these cars are luxury cars for the upper classes
absolutely.... since introduction of Chinese EV here @ AU, Tesla prices just keep going down...
take a look at australia. without trade protection, imported chinese cars are driving down car prices in the country
CNBC, shame on you nd your reporter with a hack job video. She is showing Chinese EVs like the NIO that is over 4 years old instead of their newest version. Along with NIO first generation swap station rolloed out over 5 years ago. Instead of the new Battery swap stations that re fully automatees and complete swaps in about 3-minutes. Along with first generation cars auto parking that is not an issue for today customer. It is clear that you did not ask the EV makers for a demo car so I have to believe this was intentional and in very bad taste. American car buyers deserve an updated truthful vedio revision. Thanks.
When will I see NIO at $50 again< I’m holding heavy bag
LOL< you trusted the news to this level.
@@weifeile same here, very sad.😪
What do you expect from Whites? They are masters in propaganda.
brother this is west propaganda calm down they hate chinese people
I recently got back from China. And, I have to tell you. I didn't see one US branded automobile. In five years, the Chinese Brands have retaken their market by leap forging foreign companies into EV. Now, Chinese consumers won't buy a car unless it's EV. Also, she should have tried LI automobile -- Nio, BYD are considered so-so brands, Li are amazing cars.
Save for Tesla 😅😅😅😅
Li sucks, believe me
No, tell her the worst Chinese EV, she will be very happy to try that.
i live in China and see US branded cars every day. especially Tesla. Buick is quite popular along with Ford.
Fun Fact: Tesla also uses BYD batteries
they use CATL too actually, but only for china and Europe market, Tesla use their inhouse battery in the U.S.
@@nguyenhanh9479*CNBC cherry picking some short range version of Chinese car models that have lesser range than the LONG range version of model Y* as if "American batteries" (if the term still exist) still on top but in fact SINCE DAY ONE, Tesla has been using Panasonic batteries as a startup Tesla has a zero battery technology, in contrast Panasonic has been researching battery technology for 30 years, as it does with its production line with help of Toyota (still it's quality has nowhere near Toyota yet the panel Gaps are as big as somebody's thumb), Right now it tends to use Chinese battery maker also the largest in the world CATL. There are some models in China with batteries in China already has a range of exceeding 800 Mile, solid state and Ultra fast charging.
I guess if she just won't talk to talk about *Tesla panel gap and other quality and Design issues* - I mean there are thousands all you have to do is Google it
*... while you are at it Google "coin balance on a 375 kilometers per hour bullet train" 🤭 That was a trend in China a couple years ago*
*🤭 CNBC, the only reason Tesla Model Y is the most selling model in the world is because American and Europe (r@ce based policy?) have banned Chinese car and China has never banned American cars. In fact if you buy Tesla Model Y in China you get exactly the same subsidized subsidy as a regular Chinese cars - Google it that is how fair Chinese government is*
Yeah but its wrapped up in a really bad car
Not true. Stop sharing false information. Fun fact: you are a liar.
@@nguyenhanh9479Canada too. Most teslas sold in Canada are made in China.
About 16 years ago she filed a report for CNN or CNBC she said Chinese high speed train is too expensive for Chinese consumers and had no future. 😂
Eunice Yoon only made negative news about China only. If she can not find any negative news, it very quite, not sure she still working or not.
16yrs ago? 😆
@@MyMovie5858 the moment when CNN still think US will win competition in building high speed train against China
It is still the case High speed trains are still losing a lot of money in China.
@@johnl.7754 You cant just make money from building public transport
Don't fool yourselves. In the end, 90% of us will buy the cheaper car no matter where it comes from. Chinese EVs are not the low quality product you're trying to make them look like.
Tesla is a premium product but most people don't buy premium products. Chinese EVs are competing in the market they are targeting.
@@samuelwilliams7331 Teslas are mostly a gimmick if you live outside of California or anywhere without major charging infrastructure. They are actually very reasonable vehicles if you do very short commutes. They have good power at the cheapest model even decent equipment even very low maintenance cost. Major maintenance items are mostly tires and the occasional fluid change. All for 30+ grand now compare that to a legacy auto maker that can only provide you with half of that for the price. This is what China is doing they are undercutting everyone because they want to see results and not a di_ck measuring competition of who can do it better and who should I support.
Lol Chinese are worst ask chinese
With tariffs those Chinese evs aren’t going to be cheap anymore.
Horses$%t
50 years ago in 1973, whilst in London, I went to the Earl's Court car exhibition. There was the usual range of British and European made cars, nothing outstanding. Then, in the centre of the exhibition, was a tiny Honda hatchback. I remember sitting inside and thinking 'this is a company I don't know much about, but they include a radio and other extras as normal!' Afterwards I went off in my tiny Austin Mini and knew that things were about to change, for us the consumer!
I am a Filipino who just bought BYD Atto 3. And its the best car I had ever driven.
I would like a Seagull but they are not available where I live. I'm jealous haha
I want one
I checked out the BYD Seal while I was on vacation in Hong Kong and it was quite amazing in what it offered especially for the price
Your are a traitor
How much was it in US dollars ?
And the US subsidizes North-American automobile companies and nobody says anything 😂
Murican exceptionalism
American way of bully !
Yup. We have these artificial supports built in that pad American carmakers' profits. We pay ridiculous prices for terrible cars that nobody really wants.
And china subsidizes all car makers in china ,include Tesla.
Conservatives usually don't support state intervention. It's mostly leftists.
Trust me, heaps of people are buying Chinese cars in Australia. Nobody buys American cars here.
Only Chinese are stupid enough to buy American cars. But that market is also shrinking pretty bad the last few years.
the import of Chinese vehicles has been in rapid decline -- in June it was down by 20+% and in July another 5+% with the top sellers such as Tesla (China) and MG leading the decline with -30/-20% growth YoY.
@@tooltalk nope.
@@glennO-e9r vfacts.. you can't hide from facts.
@@tooltalk yeah, we’ve just got JAC, getting Zeekr in another month. Then Xpeng, Nio and Leapmotor… Chinese sales are going to keep increasing.
I am from Uzbekistan, Tashkent just a week ago i bought BYD Yuan UP (paid 21K USD for max config from official dealer) and i am so much satisfied with my new car, under every EV video i am seeing mostly Brazilians and Mexicans leaving comments and guys believe me the same happening in Uzbekistan. The day-by-day China EV cars taking over the TOP and this making huge changes in CAR market
If American cars are better, just make a better product and we will buy it. If not, don't take away our choice for a better and cleaner life.
Good point! Should let the free enterprise market 101 do the talking. Let’s the Chinese EV car compete with Tesla.
American cars aren’t better.
@@glennO-e9r They once were better and superior. Thanks for those "professional" managing teams, American brands are ruined. What can we say?
@@COX2NSAID there are many problems with legacy automakers.
like the CEO salary is 400 times their average worker.
@@polysporin8332 the worst part is the managers are all mouth talking without any expertise. My IT director is not majored in computer science.
I have driven in Chinese EV’s in China. I was surprised by how good they are. Tesla is expensive and not value for money
Yah, thats why its not #1 vehicle sold in the world.
Five automobile manufacturers, including Toyota, Mazda, Yamaha, Honda and Suzuki, submitted false data for performance tests and admitted to fraud in safety tests. Recently, Hitachi metal exploded data fraud for at least 30 years. 1,952 global companies have been affected.
Cheap labor? China's labor costs are higher than most Asian countries other than the East Asia. You may accuse them having cheap robot labor.
No they have cheap labor.. let’s not get it confused
Can you tell me what China employees get per month?
If you are talking about other countries near them, it is on a relative term. And how many of them make cars besides Japan and Korea? While you are thinking vietnam, Laos, Thailand- but not Singapore, right? 😊
@@Shackleford_Rustycompared to any asian country beside korea and japan sure is higher
Why do you think the West outsource their production to China in the first place? No it's not because of their strict labor laws (they don't have lol) or because Xi looks like Pooh bear. It's because of the cheap ass labor, and minimal labor or environmental regulations or lack thereof.
@@Shackleford_Rusty Not cheap... Ordinary workers maybe "cheap" but as long not so cheap as in before, lets say a decade or two ago. Good white color workers costs a lot here. And the social insurance for all employees is mandatory. And they check this. Violate this rule and you will end up into significant trouble, guaranteed. Just calculated it in $. 260$ social insurance every month here in Guangzhou. Good office employee bachelor degree from 8000 Yuan, master degree not under 12.000 Yuan, programmers between 30 and 50K every month. And the sales stuff wants comission. No comission, no sales stuff! Welcome into the reality. And dont forget. Everything costs only the half here. Calculate this it into US$...! And for restaurants, bars... There is no tip. So you can not let them work for an apple an hour, no chance. We become better and better here. Many cheap products already moved out to Vietnam, Bangladesh, India, parts of Africa.
The car space she chose was NOT a proper parking space at all! Why didn't she have the Tesla to park the same spot, perhaps just to avoid the awkward result Tesla car might perform!
I remember when people called Japanese cars "cheap Japanese cr*p". And I remember when Korean cars were called "cheap Korean cr*p". Currently, it's China's turn. But it's evolving. Anyone who thinks TCL and Huawei (just 2 examples) make cr*p are sorely mistaken. Their products a more than the match of Japanese and Korean manufacturers in their price range (and probably far superior to anything American if they even exist).
china had improved their image in some areas for a while, like with huawei. then, taking huawei as an example, the ccp pressuring huawei to start pre-loading surveillance crap into their hardware resulted in a swift ban from the west. i have zero trust they're not gonna do the same with cars, especially when tiktok has also been caught using similar surveillance tech for their own reasons independent of the ccp. (and in china, telling the ccp "no" results in almost certain torture and/or death.)
few in the west expect big chinese companies or the chinese government to operate in anything resembling good faith anymore.
Make TOYOTA Tundra Great Again 😎 Scotty Kilmer
While the real crap has always been american crap cars
@@ghtwghtw7197😂😂😂😂
@@ghtwghtw7197I guess if she just won't talk to talk about *Tesla panel gap and other quality and Design issues* - I mean there are thousands all you have to do is Google it
*... while you are at it Google "coin balance on a 375 kilometers per hour bullet train" 🤭 That was a trend in China a couple years ago*
*🤭 CNBC, the only reason Tesla Model Y is the most selling model in the world is because American and Europe (r@ce based policy?) have banned Chinese car and China has never banned American cars. In fact if you buy Tesla Model Y in China you get exactly the same subsidized subsidy as a regular Chinese cars - Google it that is how fair Chinese government is*
What CNBC didn't mention is that Tesla enjoys the same tax cut and other policy favors as those native EV companies. Just check how the Tesla's Maga factory in Shanghai was built almost overnight...
Nah. Tesla got more than the local Chinese business. Like lands with no cost and such. Not to say many Tesla's cars are exported from China that they enjoy tax refund from that.
And Tesla Chinese engineers are so good that 2 years after production started they've made tremendous improvement in both quality & output, and the Shanghai engineers are being sent to Tesla's Fremont factory to train & upskill the engineers there.
At this time I cannot afford a brand new car in the US. We need choices and competition. Tarrifs are bad for poor people.
yes, they are. But people seem to not realise the govt is working exclusively for the rich
Sorry for your loss.
Obviously they don't care about poor people.
@@BoomBoom-fn4se Do you know what used cars are? They usually sell for considerably less than new cars.
I will always choose to buy Japanese or Chinese over buying American...I stopped buying American products whenever I could a long time ago, because American made mean disposable quality to me. American companies started cutting quality and making things with cheaper materials while still charging full price a long time ago. At least when Chinese companies use cheaper materials, the product is cheaper as well...that is not the case for American products. And I still have clothes, shoes and boots that I bought from China 10 years ago that are still in good shape and I wear them all the time. I don't have a single thing that was American made that even lasted 2 years. And when making the Tesla truck that is hideously ugly, they used cheaper materials which made is significantly lower quality and they still rated it's towing capacity as if they used better materials...not only is that a false advertising scam, but it is also a safety hazard. I also believe that they knew it would be a safety hazard and thought they could get away with it.
The simple fact is my experience with American products is that they are just bad quality and they think they can get away with making bad quality and spreading propaganda that they are better than other products. However, for me, there is no amount of propaganda coming out of the US that is going to change my mind from what I have personally experienced.
Using a nio that is 4 years old, seems they are scared to use a brand new nio
😂😂😂
showing a brand new NIO may make it an powerful ad video rather than a report🤣
4 year is not old.
@@RustedCroaker The development of electric vehicles in China is very fast, as fast as the replacement of mobile phones. Not to mention 4 years, the technological development will reach a higher level in 2 years, which is also the reason why European and American governments are afraid, because their car companies cannot keep up with the speed of this technological update
@@ronnieastle1284 4 years is absolutely nothing for a such complex technology as an EV vehicle.
As a BYD Tang EV 2023 owner, I'm quite satisfied with the build quality as well as tech specs. Before BYD, I've owned many BMW models including 3er, 5er, 7er and X5. BYD Tang is on par to say the minimum. Yes there are options I'd like to have but can't, like door closers and a physical button for steering wheel heater, but overall, it's surely a bang for the buck. And OMG it's quick.
Tesla wasn't even on my radar when I was choosing an EV.
Using a NIO EV car 4 years-old to do a battery swap today to show in a report , is misleading. Horrible.
Today , NIO battery swap is under 4 minutes.
guess when Model Y was last updated?
The quality of Chinese cars is poor, but more important than that is that your information and that of your family can be transferred to China and put you at risk.
@@jihooncha-vs4om source ??? Proof ???
@@ZakiHaider-y9othat’s all English words that he knows
@@jihooncha-vs4om mom is already at risk, indian scammers keep calling her, because of leak from western companies that didn't care about cybersecurity either. practically all big companies have leaked at some point that keep records of us that we registered. and i live in northern europe, finland, nobody here has registered to any chinese service. european union will never allow cheap chinese cars to disrupt our car market, french german etc. automakers and their unions are too powerful, would make them unemployed.
You can see the hypocrisy of Americans when it comes to green energy. They tariff cheap EV cars that everyone can afford that would move the needle towards green energy. But they don’t want to.
We don't want electrics because they don't work in America. If you're packed into a Chinese city, maybe they work, maybe after the government mandates all kinds of charging stations.
That's not the case here, and never will it be. This is a huge country, lots of it rural, and a fair amount cold most of the year. That's not a country that can be mostly electric. Also we drive a lot of trucks for work since we have a lot of small business. Plus artificial intelligence will be completing for the power. Hopefully we'll start building a lot of nuke plants soon. That will be good but the grid will still not be able to handle even 20% electrics.
It's not even possible to build enough chargers to handle folks who don't own their own houses with the charging Pole. The US is just too damn big. Plus with a sensible president we have all the cheap gas we could ever need for centuries and centuries. Notice that Biden wanted gas to go up to around 8 bucks a gallon. Notice the absolute revolt when it hit four. Notice that Trump is still likely to win, and a lot of that is on the back of gas prices.
It is not conceivable that the US will switch over from ice engines. The underlying tech would have to at least double invefficiency. Toyota is making the smart play with hybrids. Everyone is starting to follow.
@@theminister1154sir, they offer plug in hybrids, and their EVs offer 800+ mile range at lower prices. Go to sleep
@@theminister1154Biden doesn’t work for oil companies. Trump has taken over ur head
I live in Brazil, there’s no Tesla dealerships but I see many BYD dealerships.
I see EVs from BYD, GWM every single day. It’s way cheaper and much better then the alternatives. Chineses EV are selling like crazy here.
And ford it’s not even selling cheap cars here anymore. They just left Brazil.
In markets where they play with different rules (no tariffs), we all know who wins. Also Brazil has been getting closer to China thanks to Lula. No surprise.
Brazil actually raised taxes on EVs to protect local factories from GM, Volkswagen and Hyundai.
And there are many teslas here in Brazil imported directly by the consumer. Volvo is also selling many EVs and installing chargers.
So it’s not a matter of getting closer to China since Brazil is raising taxes on imports from China, and we have plenty of EVs from Volvo, BMW and Audi, it’s a matter of Tesla not willing to open a dealership here.
Here in Brazil we are now paying 90% taxes on imports by the consumer above $50 ( including SHEIN, Ali Express and others).
That was added by Lula.
Good Brazil is not infested by people like u
I don't think these people realise Chinese EV sales, hybrids, and ice are growing globally... People are already buying them in Asia, Latin America, Europe, Australia, Africa...
No, it was growing. Now the EU is kicking them out. Stop pushing CCP Propaganda Schill!
in statistics, yes , but they are nowhere to be seen in large numbers...africa?! they barely keep the grid in place, maybe if they give them for free...latin america?! buying a car at x2 price that of an ICE in poor latin america?! BYD in Europe on the streets like Renault,Volkswagen etc Not even close! Where are these cars from Chinese EV selling statistics?
CNBC is controlled media.
@@strigoiu13 "they are nowhere near to be seen in large numbers" lol, the sky is blue?
Because Chinese companies have only just began exporting cars.
Unlike Tesla....
However, I'm talking about the "Growth rate " of the sales of Chinese EVs abroad... Africa, Latin America, Asian, Australia, Europe.
The growth rate of these sales speak for themselves lol...
@@strigoiu13 and trust me... It's not a "maybe"... I'm South African, I see Chinese cars all the time while going to and from work....
Shame on Ms Yoon
why in NIO part, you drive that car into GEN 1, the oldest battery swap station to do comparison, CNBC ..really Evil
Yes and she says Nio claims 3 minutes, just to make Nio look bad😂
While driving in first gen
What are they afraid of😂😅
@@boyiyelcham2630 maybe they just want to tell their POV about CHINA EV IS NOT THAT GOOD, but this is what they are trying to spread
那个贱人还在一条乱停乱放的汽车公路上尝试自动泊车，实在是太贱了。
Bring them to the US. I'll buy one in a heartbeat !
No you won't because usa know they are better quality and more advanced and cheaper so usa government have slapped a 100 percent tariff on them ... ripping off their own citizens and falling behind... I have will own a nio et7 in uk well before you can in usa
When it breaks in 9 months you will be singing a different toon.
ua-cam.com/video/kgWttfFOzZk/v-deo.html
Kick out Joe Biden. He has done enough stuip decisions
@@frankgriffin6293 BYD are used as taxis all over China. There are now cars with well over 600,000kms with minimal battery degradation and the interiors are still fine.
When you realize that Americans subsidized more money to American car companies like GM, but only got a bunch of crappy photos in return, you will understand why Americans are so angry about Chinese electric cars.
I‘m angry at the Dems subsidizing EV‘s yet the Big Three are closing their EV plants.
According to a Los Angeles Times investigation, Musk's companies had received an estimated $4.9 billion in government support from 2015 to 2021.
Hey guys. I’m just here to check how ppl exposing this Eunice woman evil purpose
But don't worry, the US free market has banned Chinese competition, because of freedom...
100% tariff. But US wants to export tariff free.
CNBC’s attempt to dispute China’s lead in EVs is a laugh.
LEAD!? What is the best selling EV in China?
they didn't say anything about that or was that in a different video?
@@JonCollier-jr1fx BYD, seen a ton of them in Shenzhen, also some of them are making their way into HK
@@JonCollier-jr1fx byd , tesla .
@Jose-hs4vk Mad much?
Wow, as a chinese i am shocked to read the positive comments here. I am speechless because i know how americans view china, its givernment and the people. But surprised in a good way that there are some people here who arent biased!👏
Don’t worry, people are starting to wake up and realise the governments and leaders aren’t really looking out for anyone but themselves
Most intelligent people I've met like Chinese people, but they despise the CCP. Unfortunately, the CCP sells itself as the embodiment of the Chinese people and acts as such. It leads to confusion.
UA-cam is blocked in China because they don't trust you. Are you behind a firewall, or a propagandist?
Three things can never be hidden for long: The sun, the moon, and the truth.
--- Buddha
Don't drink the sauce. Japan has already dominated here, and now China is trying to take what is left. Trump winning an election should tell you more than just a comment section. There positivity usually turns to malice.
Our government supports big oil (and the republican owners) while China is looking to a future that could work.
No No, not cheap labour! They are built by automated robots and technology. Please get facts right.
Ur delusional
Slaves aren't robots... Get your facts right
@@butwhytharumtypical yankee😅
@@roslihalilroslihalil436 bold to think yankee
Agreed . That's why he said robots .
@@butwhytharum
And tesla received 34.7B $$$ subsidy alone in 2023. 😮😮😮😮😮
Also she went to Gen 1 swap station of nio that's why it took 10 minutes, why didn't she try Gen 4 of 3 minutes, CNBC youtube exist and we can check other sources be careful of your credibility
They don't care they have no shame
Because it wouldn’t fit the narrative
They intentionally chose the worst possible outcome in everything for their reporting. This type of media reporting and the reporters themselves earn their livelihood from lies and hatred they sell to the world. They are more than hypocrite, ev!l actually.
And you’re not mentioning the queue time so why bother
@@charlech you can fast charge or swap, you can leave the car and go it will swap and go back to it place, you can upgrade to a new chemistry, you can rent your battery, what do you want more?
NIO is 4 years old, but the swap station is 1st gen. Why did you deliberately pick an old product
I thought the US was a free market? Let’s the Chinese EV in. Let’s people pick the best.
USA is not a free market
Like people know what is best 😂😂
@@blanamaxima That comment was paid for by the CCP! lol!
I agree, and make US tax payers to subsidize local cars so the US compete in the same level as China. That way both options are as cheap as possible
@@HaimRich94 lol...US govt already subsidized the auto industries in the US but they don't do as well. You don't know this??
GM was given $2.3 billion incentive to build a factory North of Detroit in 2009, Tesla was given $1.3 billion for a Battery plant in Nevada in 2014, this information is sourced from Reuters.
Shhh.......Again you are saying the quiet part outload.....next thing you know you will be letting slip about the large tax breaks and subsidies paid to Boeing.........
And they used the subsidies to buy back their stock shares
@@jklee5419*🤭 CNBC, the only reason Tesla Model Y is the most selling model in the world is because American and Europe (race based policy?) have banned Chinese car and China has never banned American cars. In fact if you buy Tesla Model Y in China you get exactly the same subsidized subsidy as a regular Chinese cars - Google it that is how fair Chinese government is*
They weren't "GIVEN" that money as if they were given cash from the government. Most of it is in the form of state and local tax breaks. They would pay 0 taxes on revenue and business tax for 20 years to build a factory there. The state also will dish out money to build infrastructure such as roads, bridges and highways around the factory as well as housing projects to build neighborhoods around the area. Look at it another way, if Tesla builds that factory somewhere else, they would get 0 taxes from Tesla anyways, so the tax breaks don't mean much. Instead they bring in lots of employees, keep their locals employed, and kickstart the local economy. The amount of money they actually gave to GM and Tesla towards building a factory is nowhere near the numbers stated.
The video says the PRC EV builders get 231 billions over 15 years; that's 15 billions annually.
Wait… one moment that woman say Chinese EVs are just cheap as a differentiator, next minute she says Chinese EVs offer a lot of bells and whistles…
Just gonna say that those aren't mutually exclusive. You can offer a lot of bells and whistles - both physically and via software features - but still feel cheap in the overall fit and finish of the vehicle or the software package.
@@The_Noblest_Roman just want to say they don’t feel cheap and what she said is Chinese EV are only advantaged because they are “cheap” as in inexpensive. BTW… what feels cheap are American cars if you want to start talking about feeling cheap.
a lot of bells and whistles for the price.
@@The_Noblest_Roman Every car makers offer standard and luxury editions. If you want to cast negative light on a car maker you test drive its cheapest model and comparing it with other competitors most expensive model while don’t make that distinction in presenting. From her facial expression she comes across going into test drive with prejudice that Chinese products are cheap and low quality.
Great report. One interesting point would be how much Tesla has been subsidized and backed by the government. We always hear that Chinese companies receive so much, but American companies also get benefits too.
Americans are bickering and fighting over EV vs. Oil, while China is leading the world in the future of vehicles.
China still hasn't figured out how to make them not explode.
Make TOYOTA 🗾 Great Again 😎 Scotty Kilmer
😂 Good one
@@bwofficial1776
You'll be really rich when you show China how to prevent the "explosion".
@@bwofficial1776I wish you didn't lost count of how many ice vehicles exploded globally and annually, or how many Tesla were spontaneously combusted
The broadcast's depiction of a 10-minute battery swap at Nio's first-generation station is misleading. With the fourth-generation battery swap stations now in operation, where the entire process, including parking and exiting, takes only around 4 minutes-2 minutes and 30 seconds for the actual swap-using outdated technology to assess current capabilities gives a false impression. This approach fails to accurately represent the technological advancements and misleads viewers about the current state of Chinese EV technology.
News is for poor people. Normal "US citizens" have known that 100% of electric cars will be manufactured in China for over 10 years. How foolish CNBC is to think we haven't already know this for over a DECADE. They must be numskulls over there, lol.
The reporter also wasn't able to actually describe many of the "uncommon" features in the Chinese EVs. They seemed to NOT have consulted with knowledgeable car people in China, under-estimating the complexity, and creating a feature that is less informative than it could have. My guess is that they couldn't distinguish a 1st gen vs. a 4th gen Nio.
10-minute battery swap was a lie. If you understand Mandarin, the AI clearly told her there was two cars in front of her....She was including the wait time.
@@foodparadise5792 I would take 10 minutes wait time for a fully charged battery than 8 hrs charge time on western EVS .
@@jessicayoung1190 yes, still a huge advantage ,, even at superchargers it takes 45 mins.
I’ve been in China for the past 18 months. The local Chinese brands are running rings around the western and Japanese cars. It’s such a shocker. Avatr and Aito especially are levels of technology above Tesla, VW etc. I find it’s a good thing. It’s about time the western vehicle companies get some real competition and not stock buybacks. A huge advantage the Chinese has over the Americans is their world beating supply chain, automation technology and local engineering talent. The local EVs are also better quality, similar to how we think German engineering is ( although German cars are notorious for expensive parts and low durability ). Without tariffs, the western car company’s will go kaput. Good riddance.
sure, mate! if you say so...
I see vehicle by GM in China from videos and GM offers a better version of any vehicle they sell here in the US. They have to upgrade their standards to compete with the Chinese hugh quality cars. While they give us the crappier version here in the US. Lol
@@trevoncampbell2744 because she did not dare to show you better Chinese EV. All she quoted had already been low class. 😂 Do your own research if you are interested in the truth. Otherwise,you can always stay in your comfortable zone.
You're debating a personal experience with edited videos you watched, quite analytic.
Where in China or which Chinese company did you work for and didn't get paid? Open your eyes and mind, and you'll see 'Huawei'.....is the future in every industry in the next century.
'Huawei' translates beautiful China, I mean the word not the Company.
The $3.7 billion subsidy received by BYD between 2018-2022 avergaes less than $800 million per year - this is insignificant compared to BYD's $83 billion revenue in 2023. To put it into perspective, it’s like subsidizing $1 on a $100 car. How can U.S. argue that this constitutes "unfair trade practices" by China? And how can U.S. justify imposing $100 tariffs because of a $1 subsidy?
@10:57 Are you serious that Chinese EV makers are not focusing on performance? What car did you test drive there?
the NIO you drove can accelerate from 0-100km/h (0-62mi/h) in under 5s. The top speed is 313km/h (194mi/h)
....and did you try or even heard of the Zeekr 001 FR, the BYD Yangwang U9 and Aion Hyper SSR? They can make 0-100km/h (0-62mi/h) in around 2s. Not to even mentioned the Xiaomi SU7 Ultra but simply their Max. They (even a smart phone company) are building exotic EVs; and where's the Apple EV which had been bluffing for over a decade? These information are not only black and white but also available even online with different videos and clips to support.
Do more research before making such claim!
CNBC! Please DO NOT follow the BBC and CNN path to misinform your audience.
There's nowhere to hide when you tried so hard to delude the crowd by feeding false infos, the world has changed when social media rises and everyone can report hardcore facts on spot and even livestream without manipulated content to mislead others!
There are Chinese EV's everywhere where I live. In fact I'm looking for a new car and torn between the Toyota Yaris Cross HEV and the BYD Dolphin EV. Since I rarely drive more than 100km/day, an EV makes sense, so I'm leaning towards the Dolphin.
Someone paid CNBC
Bro you can’t compare the super car EV performances to that of common mass market Chinese EVs. In that case you’ll have to compare those to the lucid air or the model S or the rimac nevera. And even there Chinese automakers fall behind their western counterparts. It’s no secret that Chinese cars don’t have the best bvehocle they will gradually gain expertise in that area as they make more cars and pivot to more quality products. What she is talking about in the video is the car handling and control ability which is very different from pure straight line acceleration. There is more nuance to the argument. Get educated!
@@portcybertryx222 Have you ever test drove a Chinese EV yourself? Well, I have the voice since I did and I test drive non-Chinese EV as well. Not only their performance but their handling is marvelous too....Look who is not eduacated while someone is simply sitting on a catbird seat
@@machodude5396 yes i have driven cars from Wu ling, Zeekr and BYD. I will say that the specs and the tech they manage to include in the cars is impressive but they t still lack the polish that comes with most established brands when it comes to vehicle dynamics. Yes I’ve seen the flashy suspensions they include but there is a difference when you feel that there is a lack of tuning and polish with these vehicles especially with some of the ADAS features. Like you feel more confident in the GM Supercruise than Baidu enabled ADAS. But these things will come gradually as they iterate and continue to improve on the product but s for now they still have a long way to go. Right now in EVs Lucid is at the peak of efficiency and handling.
CNBC, you won't tell us about the humongous amount of funding and subsidies that the US gov dumps on its EV, battery and high tech industry right? Right?
Of course they won’t talk about that, other country doing the same thing is ilegal, what a joke 😅🤣
Significantly less than petroleum subsidies, silly
🤫don’t say anything classified on internet!
So, so, so true. What the US subsedize its big firms (Boeing anyone?) that's OK but when other countries do the same, the US blame them for unfair competition.
Usual American hypocrisy. Does anyone take America seriously anymore
Not a free market when politicians tell us what we can and can’t drive. Competition drive down prices.
Politicians drive prices up (to their own voters).
It has been like this for a long time already. We cannot buy those nice looking and relatively inexpensive European RV in the US and have to put up with the American junk. 😅😅😅😅
Freedom is just a word without meaning or reality in America. Slavery on the other hand...
Competition drives down electric cars. You can only make them work with mandates in the US, and if they really went after mandates, I suspect the black rifles would start to come out. Anyone who's looked into the grid and power generation and price and complete lack of utility of electric cars in a giant sometimes cold country knows you can't make people drive them without making people very very very angry.
And that is why it's good we have the black rifles. Those black rifles are protecting freedoms around the world in an oblique manner.
Tesla is on a league of its own. In regard to the Chinese EV threat, I would redirect those issues to the other U.S. automakers (GM, Ford, etc.).
Question is: How much did Tesla get subsidized by the Chinese govt and American govt? Tesla did get tax break to build the Giga factory and received EV rebate just like the Chinese automakers.
Don't forget how much they make selling carbon offsets.
China subsidizes Tesla by $500 million. This does not include the exemption of car purchase tax (10% of the car price), $4 billion interest-free loan, land concessions...
Make TOYOTA 🗾 Great Again 😎 Scotty Kilmer
*🤭 CNBC, the only reason Tesla Model Y is the most selling model in the world is because American and Europe (r@ce based policy?) have banned Chinese car and China has never banned American cars. In fact if you buy Tesla Model Y in China you get exactly the same subsidized subsidy as a regular Chinese cars - Google it that is how fair Chinese government is*
I guess if she just won't talk to talk about *Tesla panel gap and other quality and Design issues* - I mean there are thousands all you have to do is Google it
*... while you are at it Google "coin balance on a 375 kilometers per hour bullet train" 🤭 That was a trend in China a couple years ago*
dude, China banks did provide huge loans to Tesla Shanghai, only this. and Tesla paid back it already. That is a simple business action. not a fixcking subsidizes. They were both win-win.
These Chinese EV makers would absolutely dominate the U.S. market if they had free access. They were invited to Thailand by the government a couple of years ago (no tariffs) and now 2 years later the Thai market is flooded with drastic price reductions on EVs (great for consumers). Legacy automakers in Thailand (mostly Japanese) are already cutting their production or pulling out altogether (Subaru). There is a definite need in the U.S. for lower priced vehicles, let them in!
Are Americans really this far behind thinking a 4 year old NIO and a 1st/2nd gen swap station is the latest tech? 😂😂
Yes. Outside of experimental test tracks I don't think there is a single battery swap station in the USA. We have a native industry hiding behind tariffs and petroleum companies who do not want to change to today's reality, and as a result the options that we have are so far behind.
Chinese EVs can stay outside USA. USA don't have the infrastructure anyways to support EVs. They can't even fix their subways and bridges, forget a nationwide Electric power chargers.
Most Americans don't even know what a NIO is.
Chinese bot alert
@@Parker-- CIA bot alert .
I've seen the durability and reliability of Chinese products improve over the years and decades across so many items - from simple t-shirts, to plastic ware, to electronics. And they all remained low-cost to the end-consumer. I'm no China-government fan as they are encroaching on our sovereign seas but I cannot deny the improvements that they're making in their products. Pretty soon, I can indeed see that our roads will be littered with these Chinese-branded cars even though we're at odds with them over territorial disputes.
It’s not BYD and Chinese EV makers versus Tesla. It’s electric vehicles versus ICE vehicles. This is fundamental and should be understood by the mainstream media and it probably is.
its not ev vs ice because most peoples idea of an ev is a poorly built tesla, byd trumps tesla in build quality and luxury.
@@SpektrikMusic And Tesla wouldn't even have survived without their mega factory in Shanghai, China.
@@SpektrikMusicyour comments about Tesla are about 4 years out of date.
The whole point of moving to ev,s is to reduce air and noise pollution.
They know all this better than you do. It's just that the mainstream media needs to promote for the party and the interest groups it represents
For some reason CNBC decided to choose a 6 year old Gen 1 NIO model and battery swap station. It’s so biased, it’s ridiculous! 🤦🏻
Guess what, technology has actually progressed a lot for six years! NIO’s cars are now in their third platform generation and the battery swap stations - in their fourth.
CNBC, you’re making fun of yourselves!
You should invite your viewers to stay tuned for your latest smartphone review in October when you’ll compare the Google Pixel 6 to iPhone 16 and bash on Google that they’re dragging behind Apple! 🤡
… yes. And it still only took 10 minutes! CNBC = more Corporate-American propaganda. MSM in “the Bubble of The Empire” is laughable.
surly this CNBC bejing journalist is a part of china "fool you project" 😆
@ChristianNorge Perhaps because there are many people who know about the company more than the journalists reporting on it?
It is impossible to expect Western media to report China objectively and impartially. They always avoid the advantages and magnify the shortcomings.🙂
Like what? The fact the batteries explode all the time?
That's ok. China never does either.
@@henrylopez3479Keeping yourself in your stupid wet dream😂
@@henrylopez3479 I have only seen news about Tesla explosions and spontaneous combustion, there are too many, too many
@@henrylopez3479 Is it possible that almost all electric vehicle batteries are now monopolized by China? When you have time, you can search for China's electric vehicle battery market share!
American EV is expensive because, labor unions, corporations bonus, high paying management !
Basically, the person who tested the Chinese cars for CNBC has no idea about the cars...
That lady is a journalist. She believes a misplaced wiper switch is a dealbreaker and the paramount challenge to improve in the next remodel.
and Chinese
So, the average person lol..
Missing the point. What matters is what the consumer wants. Most of those don't care too much about the stuff that car enthusiasts hold dear.
Bruh, she's the average car consumer. Her imput is actually more valuable than a car enthusiast because the enthusiastic are a smaller group.
I have family in China, and one of them bought a Lync&Co 08, it’s an upgraded Plugin hybrid, the battery has a range of about 150 miles(he uses it as an EV), and with a full tank, you can go for over 700 miles easily
It has heated and ventilated front seats, and all seats have massage functions, you pretty much find everything in that suv, and he roughly paid $30,000 USD
I was blown away. No wonder other car makers don’t want Chinese manufacturers to enter the market here
It cost 30K because those who made it don't earn much. When are people ging to learn how the red dragonbuilt ANYTHING thy make?
@@Willowy13 n btw u know China use bots to build cars huh?
Sure, but they have to live in China.
@@Willowy13Are you talking about robot? They don't need salary😂
There needs to be an even playing field. When the Chinese government is subsidizing the price to design and build these cars in order to flood the market with inexpensive vehicles to subdue the competition, there is no even playing field. Thus the US, Europe and eventually (sigh) Canada have high tariffs on Chinese car imports.
When they mention how much China has given EV companies in subsidies, they never compare it to how much the US government has given in similar subsidies. Why? Because the US number is more.
False
@@Lukasz-nw2pb its the truth
@@philippelarabie9871 why did he offended you?
@@philippelarabie9871China bot
It's a little different.
We give temporary subsidies to boost the local market purchase, infrastructure and enable consumers for the EV transition.
We are not aiming to put everyone else all over the world out of business.
"They say 3 minutes" uses the oldest battery swap station available. Great journalism not biased at all.
Biased is one thing but that is just lying
I assumed she included the time it took queuing in line lol. It should take 10 mins for the swap.
Watched lots of Nio swap videos, and for the newest swap stations, it takes less than 4 mins
Butthurt wumao detected.
@@keaixiaomeinv anyone who doesn’t agree with me is a shill
If I get an EV with more than 300 miles of range for less than $15K, then it can squeak and look as weird as it wants. I don't care I just want a functional vehicle. Who cares who makes it?
200 range to sell like hotcakes, most people drive under 50 anyway.
You should care. If you crash, i assume you want to survive.
@@yuvalkapellner2551 It will be crash tested just like every other car sold in the US. If it doesn't pass the testing, insurers will refuse to offer a policy and people won't buy it.
@@yuvalkapellner2551 check the Euro NCAP tests. a lot of 5 stars for Chinese EVs. That's why this report did not mention safety!
@@benrywwhat the regulators receive and what consumers receive are two different things
chinese companies have long been known for attempting to cheat the system. and byd car sales have plummeted in many countries bc of safety issues related to batteries and brake and steering failures.
Nio is on battery swap 4.0, and you went to nio station 1.0 😂😂😂😂
Typical CNBC move
CNBC Propaganda news
Back in 2019
They didn't even talk about Huawei, which doesn't make cars on their own but have launched a number of models with other brands together and with high end auto driving capabilities.
USA: Chyna subsidy unfair practice!
Also USA: 100% tax on all Chinese cars because this is fair practice.
Yup. And meanwhile the US govt themselves spent $94 billion on subsidies in the 2nd quarter of 2024 alone. The US spent $1 trillion of tax payer money in 2022 on oil subsidies alone. Meanwhile oil companies and their executives and shareholders make bank...
China suppresses unions, so no matter how well will Chinese economy doing, Chinese people are not going to make the same money as in other similar developed nations without these restrictions, so the US cannot compete with China on price while keeping some resemblance of worker's rights...
As you can see from many dedicated videos on UA-cam showing failing Chinese EVs (but may not see it in big media that trying to keep good relationships with China granting them access at the expense of balanced reporting), Chinese cars have still issues with safety ratings and battery quality control, thus cases of people burning alive during accidents because doors and windows get jammed while the battery going full 4th of July or batteries that set on fire while charging but once these issues will be fixed China is a serious competitor which is now only on paper because in reliability and safety cannot compete with VW, nor Ford, far less with Tesla but it may be already better than GM's failed Bolt EVs with its faulty batteries that were recalled recently...
China working hard to catch up and Chinese work harder than West but cutting too many corners, so until they produce something with at least 5 years of good user reviews with taxi drivers, I think most would need to be rather desperate to buy their EVs when you can buy a few-year-old Tesla cars for half the price of new ones due to oversupply.
China suppresses unions, so no matter how well will Chinese economy doing, Chinese people are not going to make the same money as in other similarly developed nations without these restrictions, so the US cannot compete with China on price while keeping some resemblance of worker's rights...
As you can see from many dedicated videos on UA-cam showing failing Chinese EVs (but may not see it in big media that trying to keep good relationships with China granting them access at the expense of balanced reporting), Chinese cars have still issues with safety ratings and battery quality control, thus cases of people burning alive during accidents because doors and windows get jammed while the battery going full 4th of July or batteries that set on fire while charging but once these issues will be fixed China is a serious competitor which is now only on paper because in reliability and safety cannot compete with VW, nor Ford, far less with Tesla but it may be already better than GM's failed Bolt EVs with its faulty batteries that were recalled recently...
China working hard to catch up and Chinese work harder than West but cutting too many corners, so until they produce something with at least 5 years of good user reviews from taxi drivers, I think most would need to be rather desperate to buy their EVs when you can buy a few-year-old Tesla cars for half the price of new ones due to oversupply.
The US government offers a federal tax credit of up to $7,500 for new electric vehicles (EVs) and up to $4,000 for used EVs that qualify under the Inflation Reduction Act of 2022.
and tesla got huge subsidies from government, its a government product, just like chinese carmakers. just like german cars in Germany, etc. and eu will block chinese cars, too.
would be too disruptive for local carmakers.
“Elon tends to say he’s hostile to subsidies while Tesla is gobbling them up like a hungry Godzilla,” said Mike Murphy, a Republican strategist who runs the EV Politics Project, a Los Angeles-based advocacy group that seeks bipartisan support for electric vehicles.
Elon Musk’s growing empire is fueled by $4.9 billion in government subsidies - 2015 los Angeles times
Why are they testing a 4 year old NIO model. The swap station is 1st gen swap station. If they showed 4th gen swap station it’s a no brainier to be superior technology to all the other brands including Tesla. Swap is done around 3 minutes. Not to mention car can go and swap unattended. By itself !!!!
Is this bot funded by NIO or the government?
@@A704T no it’s not. I have been following NIo for years.
@@A704TAre you funded by U.S. gov?
US: Capitalism is the best social-political system
also US: "Oh noes, China is beating us at our own game! plzplzplz we need government intervention to impose tariffs"
No joke - but the true irony is the Biden admin's platform is supposed to be "anything to save the planet" mentality. It goes against capitalism AND environmentalism.
I’m surprised they’re even talking about this stuff. America will impose enough tariffs to make sure Chinese cars never come to the states.
Why even bother reporting this?
They are buying time for the local US industry to catch up instead of being crushed. While it means no cheap EVs right now, it will benefit the country in the long term because the auto industry will adapt, and more importantly, remain.
Here in Australia we have no auto manufacturing anymore, so there is nothing to protect, hence we have no tariffs on Chinese cars. These manufacturers are taking full advantage and are about to launch 10 new brands here in the next year, in addition to the 5 or so that are here already... some of which are charting in the top 10 brands already (by sales). This would pose a serious risk if we had our own industry to protect. The US auto manufacturing industry employs near 1 million people, so understandably they would want to protect it.
China does the same thing. It is not capitalism when you say a US company MUST partner and share its technology and patents with a Chinese company in order to sell your products in China.
The Chinese governments has the same restrictions in their own market, they economy is closed for the most part, zero American companies are allowed to be owned the only company is Tesla. USA has allow China to operate their own businesses, last their citizens can buy land, stock and etc. In China you can do any of these things without being a citizen or resident
China will only get better and better. Look how far they have come in such a short time. We have loads of Chinese vehicles in New Zealand. People seem to love them when you talk to them about their experiences.
The person who did the testing for NIO has not done her homework.Firstly she tested a 4 year old NIO car secondly how does she get 10 minutes for a battery swap maybe she used a old battery swap station most swaps take about 5 minutes and lastly is is obvious that she is a Tesla fan
Funny how if you subsidize industries (for example semiconductors in the US), it’s ok and if others subsidize EV production, then it is a problem😅
China has been doing for decades
The subsidies are to get production going at home to satisfy demands currently filled by imports, not to suppress competition for exports like China is strategizing.
@@mack-uv6gn And the US hasn't? Let's not forget that a decent part of Tesla's success comes from subsidies and tax breaks.
@@mack-uv6gnand US is not?
@@doujinflip every major industrial nation has subsidized their powerhouse industries „to get production“ or „to suppress competition for exports“. I think it’s difficult to draw the line.