Xiaomi Triggers a Price War with Tesla with EV Launch | Vantage with Palki Sharma
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- Опубліковано 1 кві 2024
- Xiaomi Triggers a Price War with Tesla with EV Launch | Vantage with Palki Sharma
Chinese phone maker Xiaomi recently launched their first electric car (EV). Within the first 24 hours upon its debut, Xiaomi's EV model was booked by over 88,000 customers. These cars cost $4000 less compared to Tesla, and that makes them more attractive to buyers. Xiaomi's market value shot by 16% today and surpassed the total valuation of companies including General Motors and Ford. However, Xiaomi is reportedly set to bear losses with every sale. According to one estimate, the company would lose $10,000 on every car they sold. Why is Xiaomi entering the EV sector then? Palki Sharma tells you.
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China | Xiaomi | Market Value | Electric Car | Electric Vehicle | EVs | Firstpost | World News | Vantage | Palki Sharma
#china #xiaomi #marketvalue #electriccar #electricvehicle #evs #firstpost #vantageonfirstpost #palkisharma #worldnews
Vantage is a ground-breaking news, opinions, and current affairs show from Firstpost. Catering to a global audience, Vantage covers the biggest news stories from a 360-degree perspective, giving viewers a chance to assess the impact of world events through a uniquely Indian lens.
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If European flood combustion car all around the world its good,but Chinese flood the world with ev its bad..what a hypocrite,a report or condemn like this make me more sympathy to the Chinese and want to buy more Chinese made.
You're right man💯
Go do it. Don’t post about it, do it.
They dont want people to have anything from China as they cant compete on price so USA, Europe gang up on China.
When has it happened? China wants immediate, complete world domination. Do we have their safety reports and crash test records? Why are they rushing? Remember, peoples’ lives are at risk here with unsafe products.
It’s about their intentions, selling the cars for a loss and bringing the market into mess. It’s crazy. China disrupted global markets already once,now they are trying it again.
This is good news. ❤China. Please bring this cars to Serbia
Buy life insurance. You are going to need it.
@@patrickt49I hope not only life insurance but also medical insurance. With your American cars, I am sure the premium is outerspace high. To compound the problem, US does not have a healthcare system but only a healthcare industry, driving medical treatment cost to inhumane levels
@@patrickt49 Clam down, you can't buy it, just for China.😊
😂😂😂@@peaceloverespect
@@patrickt49 你只适合开牛粪车
Thankyou China, At least they are providing Good Cars at best price
Have you rode the car? How come you know about the quality? Never ever believe the sm influencers.
They are dumping, selling products at a loss to gain market share.
It is expensive, they need your data. You are the product...
@@examgrid564 Tesla needs your data as well just with a higher price tag.
@@Cabal294 just see the specs on that SU7 is crazy it does come very very near to Tycan and the range on that car to a 0-60mph is crazy for its price.
Also America : Due to national security reasons, Chinese EVs won't come to US 😅
Indeed just like Facebook, Google, Instagram and UA-cam are banned or limited in China on basis of national security why would it be wrong for Tik Tok and those Chinese cars to be banned
Free market only exist when US have advantage, otherwise it is National security, China could do the same to iPhone and Tesla but them didn’t. NATIONAL SECURITY JUST LAME excuse now day , literally everyone know what it is about , even its own citizens.
Their country their right and they decide , who r u to question
the, don't call themselves *the representation of free market*. don't pretend a virgin when them are bc
They'll put american EVs including Tesla out of business.
Chinese EVs are far superior and more advanced.
If Xiaomi make good profit on EVs in future, Apple will shit their pants and regret their decision on aborting Apple car.
How and Why ? apple car was not for China , Xiaomi is ....
What if Xiaomi fails?
@@metromaster7025Xiaomi made a car...like an actual car, apple did not.... they're already faaar more successful than apple could ever hope to be in this field
@@thatoneguywholovesthena-4529 what will apple do by making a normal everyday car??
I'm sure Apple quit on car making because of price issues
Come on, because of Chinese EV competitors, now, I just got a chance to enjoy free FSD trial from Tesla. The newly upgraded software from Tesla is just great. These Chinese companies push Tesla working harder now! Consumers are benefiting from this.
Can't have that, no way India will allow them to build better cars or even buy their cars no matter what price, ask Palti
let me tell you a number,automobile export data: Germany exported 75%, Korea 70%, Japan 50%, China only 15%
@@platocai8874 first, your math doesn’t get added up correctly. Should total gets added up to 100%? Second, I'm referring specifically to electric vehicles, while it seems you might be considering all types of vehicles. Certainly, Germany leads in overall vehicle exports when looking at total dollar amounts. However, the focus is shifting toward EVs, a sector emblematic of new high-tech trends. It's clear that China is becoming increasingly competitive in high-tech fields, moving beyond its traditional low tech manufacturing.
👻👻👻
@@lilunchengsmiles What he is talking about is the proportion of the country’s production to exports. 15% of China’s exports are already more than 75% of other countries’ production.
In 2023 Mercedes-Benz sold 737,000 cars in China and 16,000 in India. BMW sold 824,000 cars in China and 14,000 India. Tesla 603,000 China and 0 India.
Why Tesla sold 0 cars in India
Have you been to India lately? You don't want to drive anything nice in India. 😢
@@zhangsian519 India has levvied prohibitively high tarriffs, as far as 100% markup. "cars such as Tesla's Model 3, which retails for $38,990 in the U.S., would cost almost $80,000 in India." source; fortune
Tesla is not in India
You talking about Germany based company cars we IND prefere our own company cars . In IND our own company and Japan car company selling at best level
who care . I want a cheap car like this .
Me too bro..😂
taxes
Price of car - $30,000
import to India - $60,000
Plus taxes
Now can you afford this car?
me too man
@@rajt7339 Many countries have low taxes or tax free for EV's
Technically this price war was waged not by Xiaomi, but by BYD and other Chinese EV manufacturers earlier this year. Xiaomi was left no choice but to lower the prices after BYD and other EV companies did the same one or two months ago.
No choice? They are all effectively owned by the Chinese government. They take orders from Beijing.
And it was Tesla doing first
It's Tesla that started the price war
@@katokibugga Tesla would not lower the price if there is no BYD.
@@flyingnan2520 that doesn't mean they didn't start it?? if you exist and challenge my dominance so i punch you to take you out of the game that doesn't mean i still didn't start it
Thank You China ❤❤❤for EV Cars. Clean Air Blue Sky Health Better Life. Thank You China ❤️❤️❤️
ua-cam.com/video/yOA7qKMcjcE/v-deo.htmlsi=xpPc1nYhcrBQkSS3
India mindset is like this, that's why Chinese are way ahead of us. BTW we all know now she will never talked good news about China 😂😂 because blaming China is what she do 😂😂
is her job
I am not sure if Palki understood what she was reporting. If Xiaomi SU7 generated 88,000 orders during its debut on the first day, but Xiaomi is losing $10,000 for every SU7 sold because of China's state subsidies. However, the SU7 will only be sold within China. So, Xiaomi is selling its SU7 to its own Chinese consumers at a discount. So, how does that contribute to "anti-dumping"?
Pakli just envy and jealous of every China's success. She thought bad mouthing and twisting the facts would make India look awesome.
The dumping statement was not about Xiaomi, but all the chinese EV manufacturers in general.
@Khewaiyaa Well, I wish to get my hand on one of those "dumping" EVs myself.
@@KhewaiyaaAs if India can build any better thing better than China EV. 🤣🤣🤣
What kind of subsidy do you mean by state subsidy? Every day I see that there are state subsidies for attacking Chinese electric vehicles, but no one has ever specified what kind of subsidies they are. The evidence is there.
Don't any see anything bad for consumers. If they can offer the same quality product for less money, consumers only win. Good for Xiaomi.
you dont get it / they kill competition in start by selling the cars at lesser price and when other companies loose their market or go outside of competition , chinese companies start increasing the value of their product and at that time public has no better option then them in other words they are trying to become monopoly and monopoly is always dangerous for consumer
Let’s be honest most consumers know Chinese anything is cheaper. But nobody wants cheap cars like cheap Chinese electronics
No. Xiaomi is like a drug dealer giving kids free drugs. Once a market is established and competition eliminated what will happen to prices? Through the roof.
Its not so easy to become a monopoly. and if Qiaomi is infact doing this, then they will go bankrupt long before they even come close to becoming a monopoly. @@sanatanihindu383
@@sanatanihindu383 I agree that monopoly is dangerous, but I don't think government subsidies will help creating monopoly. Japanese companies were heavily subsidized in 1980s, South Korean companies got a lot of help from their government in 1990s, Taiwan government subsidized chip production. It helped selling stuff cheaper than EU and US competitors. It always disrupts the market and some companies went bankrupt. But it didn't create monopolies.
She says that like low prices are a bad thing for us the consumers. Can't wait for these to start shipping. To HELL with legacy automakers!!
haha... I think you know nothing about China. Let me give you an example, Chinal started selling smartphones in India in 2014 where most of the smartphone market was owned by Indian companies. China sold smarphones at record low prices nearly Rs. 9000 compared to Indian firms at Rs. 15000 and they sold it at a loss. 10 years later Each and every(i repeat each and every) smartphone company in India is dead. And average price of smartphone in India is Rs. 25000 sold by the same Chineese companies.
Please don’t watch first post about anything that’s concerning china because you won’t get the story you expected for Europe America Africa you will get sincere analyst
@@chittodnaresh9568 respectfully, as a consumer, I couldn't care any less. We live in a capitalist society right? Market forces determine winners and losers, and in the example you gave, Indian consumers picked Chinese mobiles as their merited winner.
Mukesh Ambani's Jio did the same to some of its competitors. Palki thought it was a great strategy then 😊
@@chittodnaresh9568 if the chinese phone makers got subsities from the chinese government, it could be a problem. if a chinese company deliberately lower the price to own the market, after all india phone makers died, then increase the price to make profit, maybe you could curse chinese phone makers. but the chinese made phones did not increase the price after they owned the market. so why are you so angry about the competition, which should defeat the weak ones and benefit the consumers?
What a “ bitter “ headline. This video is portraying defeat of losing 10k per car rather than the accomplishment of offering a great car at a low cost. No wonder India is having problems in manufacturing when their mind is so little that they only focus on the short term P/L of the situation.
Because it doesn't make sense from a business standpoint. But then again it's China and everything is state owned.
Jealousy....sour grapes for the janitors
someone is jealous
Just wait and watch till China equals itself with the US for debts. Then is the time to revalue currencies, with debts both of them will be doomed.
@@knightofceylon-ms1us👳🏾♂️💩
Why West and Europe is so upset 😂😂😂
they always like to be on top but still havent realized they are old and outdated...they are unable to compete with china hence they bitching and whining
Because they have no ability to compete with China, they are far behind China
Wach video!
she upset also
Because they cant compete with China on price so they cry.
Why should I complain if China is offering something a lower price?
Why would I want to pay a lot more if I can get it cheaper?
Instead of prohibiting them from selling their cars why not lower the car and gain more customers?
ua-cam.com/video/yOA7qKMcjcE/v-deo.htmlsi=xpPc1nYhcrBQkSS3
Do you understand what China is actually doing?
@@DavidHowell01 Yes, it’s obvious that they want to dominate the market and destroy American manufacturers by selling cheaper goods.
I’m not in favor of keeping alive American car manufacturers by sacrificing the consumer. We saved them in 2008 crisis and they way the repaid us is with expensive shitty cars and bad salaries for their employees.
@@DavidHowell01 , China is madly trying to occupy the EV market share with cheaply made EVs that are poor in quality and prone to explosions. That's what.🤣
@@DavidHowell01your wild imagination so amazing haha
China is the future.
Love from Kaliningrad, Russia 🇷🇺
老大哥啊....没有你们哪有中国😊
Yes trust on China like trust on snake
China claims vladivostok lol
Then the future is here ❤
well china claims your territory of the far east and you still you are supporting it , congrats you do have high degree of patriotism for you country
It's like an American program explaining Chinese news from a Western perspective...
That's what Palki is all about an American paid propagandists
exactly firstpost has become a typicall american news network that does nothing but report shit....that's why al jazeera has become the go to option for many people interested in news that has substance
wasting time on reporting junk car made in china. should focus on Tata motor
palki sharma is an anti china journalist
Indeed Palki is anti China. Never has anything good to say about China. No day goes by without mentioning China as bad and the west as average and India SA better than the rest
Whats wrong with low prices? Weren't you complaining about inflation last year?
Low price is no issue. But $10K subsidy is a big red flag. That means, once the customers are hooked, both the price will go up and quality will go down. But I dunno if the subsidy is truely $10K or if its more of a misrepresentation.
Why are LYING that XIAOMI is loosing $ 10,000 Yuan on every car it sells? China News XIAOMI may loosing upto $ 3,000 Yuan (USD $ 415) for the Base Model, SU7 Max with 675 HP may not loose money. But xiaomi may not loosing much money at all, due to China other cars sales are down, in 24 hours XIAOMI was biding that they can sell as many first EV cars as they can.
So XIAOMI takes the deposit money first to build next line up model EV cars. XIAOMI is not stupid, they want to push other home electronics and Smartphone together. Excellent move for Chinese smartphone manufacturer, that it can also produce EV Cars that APPLE had planed for over 7 years and finally gave up.
Lose not loose.
ua-cam.com/video/yOA7qKMcjcE/v-deo.htmlsi=xpPc1nYhcrBQkSS3
Don't bother responding to bots
Loooooser at the EV market. You should check out the model crashing on the sidewalk and failing its crash test. Funny as hell.🤣
@@richmike2033I'm sorry to tell you, you might not get any 600hp+ car in your life time.
If chinese EVs give good value to customers at lower prices, how can that be bad!!! It should be celebrated..
They will have monopoly, because first they will sell at very cheap even if it's a loss for them, and this is possible because they have $100 billion subsidy from their government, but then no competition would be left, so then they would charge as much as they want
You learned nothing from this video
@@Prakhar2410 American government also give subsidies to their national car manufacturers, China did not give that much money to their own companies, they have over a hundred of them fighting for survival and most will likely not. Xiaomi losing ten thousands dollars per car is less than a million dollars the first year at the rate they are making. That’s nothing to Xiaomi, moreover, the car will be cheaper to make once they get more experience and scale up the volume.
short term thinking khan sahab. step 1: chinese companies get all the marketshare
step 2: chinese companies force local brands to shut down
step 3: all money goes to china and none is generated for local economy.
moye moye
@@madsam0320 bro, 100,000 have been booked at a revenue of -10k per car, so that's 1 billion and not 1 million. In India, there are 4-5 Indian car company, China has 200+ car companies, how do you think that was made possible? And the 100 billion number is real, check it
Completion is Great for consumer ! More options, better prices
Competition is great only if it is fair. When a government subsidizes home companies to drive out other legit competition consumers lose.
haha... I think you know nothing about China. Let me give you an example, Chinal started selling smartphones in India in 2014 where most of the smartphone market was owned by Indian companies. China sold smarphones at record low prices nearly Rs. 9000 compared to Indian firms at Rs. 15000 and they sold it at a loss. 10 years later Each and every(i repeat each and every) smartphone company in India is dead. And average price of smartphone in India is Rs. 25000 sold by the same Chineese companies.
pajjeet working overtime@@chittodnaresh9568
@@chittodnaresh9568 you can't compare the price 10 years ago with current time.
@@mdc222
Not true. All car companies received subsidies and tax breaks.
And, in economics, its well known that competition is never fair. For eg, Volkswagen have decades of experience and profit at their expense. So, can a car company from developing world "fairly" compete with them without state help? You call that fair?
Fun fact for you: it's been reported that Tesla EVs made in China are of higher quality than in America.
Also I'm so surprised why India hasn't become a manufacturing powerhouse. Instead of becoming a third world resort for foreign chemical companies....India needs to boost its manufacturing sector.
This puts a slap on those faces who consider chinese car companies of making cheap material cars, china is a giant when we consider electric car manufacturing and it sucess is direct hamd of its govt policies which are company and people friendly....And when USA UK continuously engage themselves in wars, China will move ahead by a leap from them in every sphere
Thanks to the foreign policies of the US and the UK.
Keep that a secret
That is beneficial for the customer. Unlike India where only the conglomerates profit.
why do you have to twist the all the chinese EV image? They look much nicer if you put the original image.
envy
here's Ms. Palki Shama program, do you know how she actually looks like, find her reporting in Israr, you could know what exactly who she is.
@@jych-db5iy link
Spot on I saw XIAOMI SU7 n what shown in this video seems image twisted 😂 owners pride Neighbors envy 😃😃
Yeah, I notice that too, they twisted the screen so much to make them uglier...just so low
People need affordable cars, nobody needs high priced Cars for making good profit car company (most of the car actually Chinese)
haha... I think you know nothing about China. Let me give you an example, Chinal started selling smartphones in India in 2014 where most of the smartphone market was owned by Indian companies. China sold smarphones at record low prices nearly Rs. 9000 compared to Indian firms at Rs. 15000 and they sold it at a loss. 10 years later Each and every(i repeat each and every) smartphone company in India is dead. And average price of smartphone in India is Rs. 25000 sold by the same Chineese companies.
😅😅 in 2014 average meals price was 20 now it is 50 gold was traded at 20,000 now it is 50,000.
Do u want to consider Inflation 😅😅😅
@@chittodnaresh9568even at that time india manufacturing mobiles were alot dependent on china and lacks in supply chain thus they cant sell a product at cheaper price coz our companies instead of radical change directly focussed on P/L , that made them exit in mobile markets
@@chittodnaresh9568 which Indian company, they just buy Chinese product and sell here, do you know why Chinese product is higher price now because of the government tarriff, highest in the world actually
Best entry level 5g, Realme 12x : Android 14, 45w charger, Air gestures, Stereo speakers, hybrid sim card slot, Mediatek dimensity 6100+ .
Flipkart :
4 gb / 128 gb - Rs 12,000
6 gb / 128 gb - Rs 13,500
8 gb / 128 gb - Rs 15,000
Unfortunately Indian makers like TATA playing monopoly
Yes.. Even mahindra.. Their car mileage is like 120-150km and they cost no less than rs 12 lakhs min..
😂with aid of 50-80% dependency on Chinese imports tooo@@omkardhange2310
I mean, China isn't known for making great cars anyways. And Chinese carmakers too have a monopoly in China.
@@xdadevand why is VW the best selling car in china for decades before loosing the throne to BYD
@@xdadevbyd is better built than most luxury German cars nowadays.
We want only value for money that's why we like Chinese products if Indian makers can't manufacture on that cost then we have no options.
Why Indian government and car makers did not come up with the same plan and strategy?
A mobile phone has over 200 parts. And an electric car has 2000 parts. You should first have the Indian company create a phone that can challenge Xiaomi.
Because the main job of an elected government is to quarrel with the opposition parties.
Money problem
Because they can’t.
Money Money Money
Apple sure regrets by now. Wasting 10 years in R&D without making even a toy car.
The Seagull from BYD is 10,000$ only with full options and a range of 400 km. China is helping the world go green.
Auto industry is already selling vehicles at high margin even our Indian government earns almost 30% tax from each vehicle sold. So how can we blame Chinese subsidy to their companies.
PS I am not batting for Chinese here but my view is on principle
No more subsidies anymore.please informed, sir.
You are saying that consumers are the ones who benefit from these cars
haha... I think you know nothing about China. Let me give you an example, Chinal started selling smartphones in India in 2014 where most of the smartphone market was owned by Indian companies. China sold smarphones at record low prices nearly Rs. 9000 compared to Indian firms at Rs. 15000 and they sold it at a loss. 10 years later Each and every(i repeat each and every) smartphone company in India is dead. And average price of smartphone in India is Rs. 25000 sold by the same Chineese companies.
@@chittodnaresh9568 there was a Indian company try to sell a make in india for $4 bucks but later find out it's a rebrand Chinese phone, lol. India should stick to rickshaws productions..
China 3-0 rest of the world 😂😂😂
What's so awful about good cars at cheaper rates. I'd say keep the price war going folks.
😂😂 they reverse engineered Elon Musk, the man himself
😂😂Elong Ma
😮😮😂🤣
They found Elon musk condoms to produce duplicate 😅
Exactly that bad from this Chinese, they always want someone to work for them to copy, copy, copy they keep copying everything.
Only Indian bullock cart is time tested over thousand years 👍💪🏽👏👏👏
what about bat soup and gutter oil wumao@@wionporky9937
Haha 😛 it’s very funny India media mindset !
haha... I think you know nothing about China. Let me give you an example, Chinal started selling smartphones in India in 2014 where most of the smartphone market was owned by Indian companies. China sold smarphones at record low prices nearly Rs. 9000 compared to Indian firms at Rs. 15000 and they sold it at a loss. 10 years later Each and every(i repeat each and every) smartphone company in India is dead. And average price of smartphone in India is Rs. 25000 sold by the same Chineese companies.
WIth English as shitty as yours, I doubt you understood a single thing let alone the mindset.😂😂
The panic has begun in the US, the EU, Korea and Japan. Before commenting on Indian mindset, grow your mind to understand current affairs
There are #consequences from other countries too! Just wait and watch.😅
Rogues, they steal their neighbour Sri Lanka's marine resources worth around $8-9 billion annually. Then give peanuts and claim they helped and accuse China for debt trap. Real debt trap is from the latter but they attribute to the former which is 100% lies.
I like to hear from Palki, very attractive host, and interested to see how she managed to twist the stories everyday, like twisting the car image, cooking the greatest value for the country.
You are right and she hides her bias and anti Chinese narrative with a beautiful smile
If xiaomi could only loose 10k per car at first year, this will be a miracle. Rivian lost 180K for every truck it sold at first year.
Bring that Xiaomi SU7 here in India. Will definitely buy one if prices are competitive ❤❤
no way
sabse pehley first person banonga main ley lunga
CBU will attract 100 % import tariff so the the price tags will be upwards 50 lakhs.. as govt want to levy junk mahindra n tata EVs to Indian consumers 😃
@@Indianinzhongguo cbu aane de bhai.....500mill ka investment chinese wese bhi kr denge. They are too smart to miss out on the EV policy. If they do that, import duty on 8000 cars a year will be around 15%. 1 toh SU7 le lunga 8000 mein se😂
这是你们政府绝对禁止的事，因为 小米 SU7 进入到印度市场后，你们印度国产车的销量会大幅度下滑~
Why cant a single indian car manufacturer can do like this, a premium sedan at a price of 24 lakhs
Battery relies on imports
Indian knows only to complain about china😂
If Car companies start to charge 24lakhs per premium car, govt will make sure to tax it to bring the on road price to premium price point. 😂😂
Your Tata Nano cars caught 🔥 fire on the first day of driving, forget about EV vehicles.
Forget EV, India is coming out with Water cars, though UAE is pushing Hydrogen cars. It's matter of time, these EVs would be extinct.
The funny thing is, their electric cars are actually quite good
It's a good news to customers
haha... I think you know nothing about China. Let me give you an example, Chinal started selling smartphones in India in 2014 where most of the smartphone market was owned by Indian companies. China sold smarphones at record low prices nearly Rs. 9000 compared to Indian firms at Rs. 15000 and they sold it at a loss. 10 years later Each and every(i repeat each and every) smartphone company in India is dead. And average price of smartphone in India is Rs. 25000 sold by the same Chineese companies.
@@chittodnaresh9568 That is standard practice in every capitalist economy. While most Western companies compete internationally based on closed of monopolizing of patents that prevent fair competition and technology transfer , Chinese companies compete mainly on price. For consumers the Chinese model is far superior as it provides a direct benefit to it's customers.
this means china defeated endia and humiliated endia at border@@chittodnaresh9568
India should also learn something from China 😂😂😂 Even if they’re our enemy, their business models are what that made China a $20 Trillion Economy.
4:05 So exporting goods is now considered dumping? Which was the country that shoved globalization down everyone's throats?
The US is just facing the repurcusions of its own actions here.
Palki going to be Gorden chang II
Mrs Gorden Chang spouting rubbish again
The next morning, Salma drives a BYD to work. WHAT!?
China is now moving up the value chain by manufacturing high-end products like EVs, ships, semiconductor chips, green techs, electronics etc. While India's still begging Elon Musk to set up a Tesla factory in India 😂
What a propaganda. Your fear tells everything
mr india is not begging tesla to set up a factory in india its elon musk who wants to sell his car in india but india already said no to tesla made in china first u have to clear ur facts then barks any comment🤣🤣🤣🤣
to see any car in inia that need to be manufactured in india or else heavy import duty !!
@@adityakumarjha1387 tesla cannot make ev without chinese battery
🇨🇳 : economic super power
🇮🇳 : population super power
Reality: Xiaomi sells really affordable high-tech cars, and consumers love it!
Indian: report the news in a negative way.
China did not ever colonize India and rip off their fortunes, yet India seems pretty hostile to China. In contrast, the uk colonized india for more than a century, and looted tons of wealth, yet Indian seems to much respect their colonizer. This is interesting.
this brown host makes it sound like a bad thing what china is doing. if the product is good and lower priced... we all win!
haha... I think you know nothing about China. Let me give you an example, Chinal started selling smartphones in India in 2014 where most of the smartphone market was owned by Indian companies. China sold smarphones at record low prices nearly Rs. 9000 compared to Indian firms at Rs. 15000 and they sold it at a loss. 10 years later Each and every(i repeat each and every) smartphone company in India is dead. And average price of smartphone in India is Rs. 25000 sold by the same Chineese companies.
@@chittodnaresh9568 so what? Chinese are not the only one that sold at loss. It's a strategy that Sony has done multiple time on their various products. Some Car manufacturer were also doing this in Europe as finance by the government. You sell at lost to gain some market, then once you gain market, you sell more high end phone to make money. It's a well known technique that a lot of global manufacturer are doing. So why trying to make it look bad when it's China? If no India brand could survive, then it's the responsibilities of indian to not buy chinese. Don't put responsibility on China, because whatever you do, you will always found someone that will sell cheaper. now the question is did Indian Phone brand put features that could make them more attractive that Chinese phone?
@@geektechpow4537agree, actually the problem with india is its incapability to counter China on every platform and not to mention there is a full support from USA to india despite india's open romance with Russia and oil purchase. Once india comes into sanctions, just see the Magic where it goes under the ground.
They forgot our Gujarathi Gurus..... Once they step in.. No market can survive
Indian Rickshaw ready to crush any EV
What are the Gujurathi Gurus selling now? CAPATHI?
Thoda sa bkl hai kya?
@keanphenglim5179 indian media is full of bullshit literaly
Yeah we can see that. India still a long way to catch China even with Gujjus. We should accept that.
Thank you XiaoMi for making EV to save our environment for the future generations and helping the middle class with affordable cars.
Palki Sharma..... appears to be a spokesperson for BJP and her only objective is mainly:
1) To bash 🇨🇳China... Left, Right & Center
2) To promote Modiji as a VISHWAGURU and a 🕉️Hindu Samrat
3) Never to question the government
This is not journalism.......
This is been her story she is part of GODI team
She receives her pay in USD.
Se is paid more than 50 cents that's for sure
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Xiaomi has a proven strategy of offering high-end specifications at a low price to establish themselves in the market, followed by leveraging the economics of scale to turn a profit. They are now applying the same strategy to their EVs, with a focus on gaining a strong foothold in the market. Given that Russians have been loyal Xiaomi customers for quite some time, it's no surprise that middle-income Russians are likely to be drawn to the Xiaomi sports EV. The car bears a striking resemblance to a Porsche, comes with an affordable price tag, and can be easily started up during Russia's harsh winters, unlike combustion engines. It's a no-brainer, really.
according to me, market should be free, buys don't see where product is manufactured they see quality and price. if china is providing good quality at lower price why is west so worried they are also free to to same thing. we buyer want good quality products that's it.
Proud to see Indian brand to compete with a word-wode top company
What's a disgraceful bashing. You've been feeding with misinformation and spitting nonsense...not the same level of playing field, coming for everyone, no longer who sells the best car...bla bla bla. Domestic and foreign car manufacturers get the same subsidy or benefit in China, and each country protects its interest. Chinese EV cars are on par with established brands and certainly way better than Indian brands. Are you denying Indian consumers to get more affordable cars? You call for governments to boycott or put high tariffs on Chinese cars. Don't you know that sanctioning or practicing protective tariffs works both ways and the consumers are the victims? The US and Europe better not ban the sales of Chinese cars or else they would kill their own industries by not having access to the Chinese market. Instead of bashing Xiaomi or BYD, why don't you encourage Tata Motors to roll up its sleeves and show Indian supremacy? Use your head!
Xiaomi is an incredibly capable company, with very loyal customers. I predict they will be a major manufacturer.
Unlikely if the world wakes up to the predatory strategy of the Chinese government which subsidizes these cars.
junk cheap products.
india can do the same thing, tata has 2.7 billion dollars cash and modi regime also has a tremendous amount of money
There is zero chance China would buy a single Indian vehicle. India makes Suzukis - how many are sold in China? Near zero.
@@michaelnurse9089 China is not the target, india can sell india-made EVs to the usa , europe , japan , korea, canada, australia and middle east.
@@michaelnurse9089 like Chinese cars don't do well in India. Likewise.
@@lukeecle117 none needs make in india crap
@@storm_yu are u taiwanese ?
There is something fundamentally wrong with this bulletin..how can cheap vehicles be bad!! Others should lower their prices too..thats what competition is all about..
This strategy is common in Internet companies.
Those Internet companies lost money for several consecutive years at the beginning,
Then, when they have enough customers, they start making profits.
We end users are not complaining , we will buy the cheapest , America should worry less
excluding R&D expenses, Xiaomi may not make any profit, but in no way they arw losing money on every car sold. They will make profit in future for sure.
As a consumer that's not a bad thing.
When you said about lowering prices and killing competition, it reminded me of Jio and the price war!!!
China is *democratizing* ownership of high quality cars.
any bets they won't allow it in india .. just to protect tata motors ... remembering the 1970-1980s when we protected hindustan motors and bajaj scooter etc
Yes they just want Indian consumers to enjoy junk EVs for exorbitant price lol..
@@Indianinzhongguothey’re not even that expensive
@@IWasInBerlinDuringWW2 the kind of EV product an Indian consumers gets for their bucks is simply not worth the price tag..
@@Indianinzhongguo what??? Indian EVs are cheaper than Chinese ones. It’s the Chinese who are overpaying actually
@@IWasInBerlinDuringWW2 u are seeing the expensive ones and comparing to Indian Lowest priced EVs.. Chinese EVs 2 seater start from as low as 3 to 4 lakhs indian INR & 4 seater sedans start from 10 lakhs 😀 whereas Indian EVs start from atleast 15 lakhs! For Ex MG sales their EV in India for more than 25 lakhs INR whereas in China they are selling from 12 lakhs.. huge difference..
Toyota Prius won the car design award for 2024. Meanwhile, Xiaomi SU7 won the award for Best Copy of Porsche Taycan...
India should learn from china tech industry
The allegation of Xiaomi lost USD 10,000/car was based on Tesla price structure.
Unlike Tesla, Xiaomi does not have to build the factory from scratch but used the available - huge facility of State owned company.
Xiaomi is a world leader in producing a very good reliable handphone at much lower price of Iphone and Samsung
Right now, the overall condition in India is such that the majority of people cannot afford to look at whether the company is Chinese or not. They just need a cheap commodity. Be it a smartphone and whatnot, this is the case as money is super tight in India right now.
Imagine offering the phone at a discount if you also order the car! Literally can eat smartphone and car market!
She's trying to spin everything to a negative on China. In 5 minutes of videos, she talked about
* Xiaomi is losing $10,000 on every car it sells
* Xiaomi and other EV makers over capacity is due to government subside and makes other government worry
* Xiaomi got so much order on the first day so there is a long waiting time to get the vehicle. What about over capacity, doesn't that mean more product produced than there are buyers? Why there are so many buyers waiting? Is it more of better product driving out less efficient competition?
Bottom line: Xiaomi debut an impressive car at incredible price, selling it at a lost is common practice to gain market share, the cost of EV parts will decrease in price over time and it will lower even further with production of scale. So who knows whether it will succeed like they did in the smartphone market, I think this is great news even though I am in US and won't be able to buy it. I am sure it will put pressure on Tesla to make their car better and cheaper.
You really think they are going to take a loss of 10,000 when the car costs 200,000. No way that is true!
Most of the vehicle costs are research and development expenses, which are one-time expenses. The more cars you sell, the less R&D expenses are spread out per car. So when there are not many cars sold, it is indeed possible that you are losing money on every car sold.
This is true. The Chinese government wishes to give these good things to everyone for free
This EV's definitely will bring down oil prices in the world matket to our temporary relief
They Lost Nine hundred Million USD but gaining more than 7.5 Billion Dollar. Stupid
you know, if the quantities increase, the average costs are down. It will make profits in three years if the demand increase.
not every one like her have money ,cheap and quality is good for us low income
Thanks to China 😊us lower income can afford things
Actually, the strategy is freaking genius!
they point is not the losing money part.
They want to destroy the western EV market.
It is called an introductory price like they did on their smart phone, right now they have a bigger chunk of the market share, and now their smart phones are worth comparable price to other brands especially for their mid range phone
6 months waiting period is nothing. Toyota and kia have 6 months waiting period too.
TOYOTA HAS A 6 MONTHS WAITING TO REPAIR SERVICES PERIOD.
Free market trade right in globalization right?
US and India, the good example of what sour grapes is all about. 😂😂
Design looks like inspired from Porsche. It's so beautiful.
It's better, 1/3 of the price.
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Its a SHAME for TATA and MAHINDRA , they r in business for more than 4-5 decades still aint provided a global car or been no1 in india....still depends on chinese imports but BOASTS like an immature company😢😢😢😂
pajjeet, check the avg iq of endia
Bro, do you support giving $100 billion subsidies to private companies (because that's what China did)?
@@adolft_officialWe Chinese casual labourer have an IQ of 60 hence we live on WUMAO instead a regular salaried job.
That's how u learn things
@@rahuladduri6562 I agree, but if we do it, people like RaGa would manipulate the common audience, and say "dekho govt desh ka paisa corporates ko de rhe hai"
God this news anchor sounds like pre teens trying to write essays.
Jio used the same strategy. First they made losses and once all the customers came on board increase prices 😂😂😂
Including my order, the car is excellent
That's their strategy. Develop technology in silence and be ready to flood the market.
This is good news for consumers -- I don't care whichever car (Japan, Germany, China, America) if it offers the best price/performance ratio.
Palki from India, what do you bring to the world? Wooden carts.
Impossible...in Malaysia, Chinese ppl always do well...most businesses conducted by them, automotive, tyre shop, car AC, construction, SME ... Impossible
Lately, China is becoming more like the US and US more like China
Fr 😂
😅😅😅👌👌mujhe salon se aisa hi dukh raha tha
🤣🤣🤣🤣🤣....
Africa needs those cars as well... We are in need of EVs especially those that are cheap from China.
China is doing the World a great favor by providing affordable and reliable EVs and Telecommunication
we the consumer ought to celebrate such miracle !!!
Normal people like me don't want politics, i just want to buy a ev no matter where and how from it??
Nobody wants politics until a foreign nation attacks - either with soldiers or economically, then they all come crying crocodile tears.
Is India still a subsidiary of the United States?
Us breaks wing, Palti repeats it by speaking
No but the media is still.
india can't even make their own fighter jet safe from crushing