@@Chicago48 Most of the US auto mfg companies have gone out of business or were bought out by GM, Ford and Chrysler in the past 100 years. The same goes for every other auto producing country, over the years. China will prove to be no exception. But your point will be taken with the same gravitas it deserves.
Meanwhile, there are still plenty of keyboard warriors who would tease anything Chinese made. Didn't anyone tell the Americans about the quality of their own cars?
Yes Chinese vote Tesla highest in reliability while Consumer Reports in the US ranks it the lowest. Look up: Tesla Model Y dominates Chinese reliability survey. Then lookup: Tesla crushed in Consumer Reports reliability rankings
There used to be - before the internet and social media - a cadre of Americans who equated "Made in Japan" with "junk". Certainly true ... in 1960! And then "Made in Korea" was junk. Again, 1990 maybe. And NOW ... "Made in China" is junk (except for all the shit you buy at Walmart and Amazon?). Maybe Americans need to wake up and realize SOMEBODY has been LYING to them - and it's NOT the Chinese.
Not only that, but those automakers waste too much of the company's profits in stock buybacks. For example, GM spent $10 billion dollars in stock buybacks over the last 10 months. Imagine what they could have done with that money in terms of researchers and development.
From broom pusher to CEO, the whole companies are crap and only exhist due to congress critters passing laws to protect union jobs at the expense of the rest of us.
That’s great Mitsubishi is outta China for good. As a person of Chinese descent, I will NEVER buy anything Mitsubishi makes simply because it’s also weapon maker that trace back to WWII, responsible for making the infamous Japanese Zero fighters that bombed China. Sometimes I wonder how they got into the Chinese auto market to begin with
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China doesn't need you after they've stolen all your intellectual property.
I suppose they built vehicles in China in the same way GM does but they may have been importing them. I could buy a new Mitsubishi vehicle near me. .@jonperkins8696
@@snookmeister55Just like Mao in China, the one who kicked out 8 imperialist or colonial powers with their one sided and unfair treaties. The most significant part of why Chinese still respect him till today. The West rather smear him to be on a high horse, made a perfect sense which many are not supposed to remember and discussed. Self censorship is expected!
@@SmithyAnton74Nope, it's not doing anything. US is a stagnant, confused nation. It's not fighting nor competing with China or any country for anything. Sure it's economy is huge. But other than size, it's stagnating not only in manufacturing but it's rotting at the seams. I live in the US and I actually see all the signs of an imploding nation.
In the past, Britain also had its own strong automobile industry, Today, Britain has only a strong financial industry, But that's not necessarily true after brexit. The future of America is a larger Britain.
"There's a confusion about China. The popular conception is that companies come to China because of low labor cost. I'm not sure what part of China they go to, but the truth is China stopped being the low-labor-cost country many years ago. And that is not the reason to come to China from a supply point of view. The reason is because of the skill, and the quantity of skill in one location and the type of skill it is...The products we do require really advanced tooling, and the precision that you have to have, the tooling and working with the materials that we do are state of the art. And the tooling skill is very deep here. In the U.S., you could have a meeting of tooling engineers and I'm not sure we could fill the room. In China, you could fill multiple football fields..." Tim Cook : Apple CEO
That's a bunch of bull. The reality is that China is the lowest cost when also considering supply chain and integration. That's it - no one believes that China is technically as capable as European nations or the USA, no one. If you want a reminder of how un-refined Chinese industry is, it took until 2017 for China to be able to manufacture their own ball-point pens because the manufacturing process is too complex and tolerances are low. It's also 2024 and China still doesn't have the expertise, nor tooling required to make their own jet engines - they still rely on and import them from Russia, and we're 34 years after the fall of the USSR! So yeah, stop peddling such crap. China simply has a massive population which has been shoved into factories and which needs to be perpetually employed. That's it.
@michaelCuthbertson-zl6in correct and it’s time to change things up from being super expensive and exclusive. The Chinese are simply expanding on their commodity supply chain … simple plain business.
Funny thing about mentioning the Chinese carmakers as a threat to Ford in Brazil, BYD already sells more cars in Brazil than Ford does. It even landed one of its models as the best selling vehicle in one Brazilian "state" (between quotes because it's Distrito Federal, which is the seat of power for the country and somewhere between a city and a state as far as its government structure goes). Of course, part of the reason for that is Ford abandoning car manufacture in Brazil and relying solely on imports; BYD even purchased Ford's old car plant, where it plans to make 150K cars per year, with the potential to expand to 300K if there is enough demand.
Ford left Brazil because of high taxes they have to pay and little profit. And they are not the only one, some already left and others are thinking about the idea.
@@SimoneSantos-nq7ci Well, if US and European companies want to leave the country and allow Chinese carmakers to control the 6th largest car market in the world, that's on them. Because the Chinese aren't leaving, they are instead increasing their investments and opening factories. BYD is already talking about opening a second factory in Brazil's south which would be in an ideal geographical position to supply the southern part of South America with Made-in-Brazil BYD cars.
@@SimoneSantos-nq7ci "low profits" are still profits. In China, profits are small but constant and you can be sure that even if they are small, you will never have losses unless your management is terrible. Many "businessmen" look for large profits in the short term, but forget that these profits are at the cost of great efforts by their employees, so it is preferable to have happy and efficient employees with a low profit than dishonest and inefficient employees with a high profit but with the probability of going bankrupt sooner or later. Getting 10-15 to 20% of the investment annually is a great benefit, but when your employees find out about the benefits you obtained and you only increased their annual salary by 4-6%, you will surely get 30 to 45% losses that year. Great profits bring great losses.
I am a retired Engineer, and I was raised in the automotive industry. Growing up, I was led to believe that the only good cars were American made vehicles or high end German cars. My experiences with American made cars was a mixed bag. The overall quality was generally poor and very inconsistent. Japanese cars arrived in the 70s , and I have only bought three American cars since then; one from each of the big three automakers. The quality of each of these vehicles was subpar, so I didn't keep them for very long. I have had very good service from the Japanese vehicles that I purchased over the years, and I would not consider purchasing a US or Korean made car. The charging infrastructure here in Canada is very sparce, so I wouldn't buy an EV until some time in the future. Time has proven that the big three US automakers are unable to produce a mass market economy car that is worth bringing home; I.e: Chevrolet Vega, Ford Pinto, etc. I visited China last year and I would definitely consider a Chinese made EV, especially an economy car to serve as a second vehicle.
Did you mean to write "...US automakers are unwilling to produce a mass market economy car..."? That's the impression I get from the attitude they project.
BYD have 900K employees, 110K of them are engineers doing R&D. And it announced that it has filed more than 48,000 patents globally. Out of these filings, over 30,000 have been granted according to a company report
@@veerkar The total number of BYD employees topped 900,000 today, the most of any of the more than 5,300 Chinese A-share listed companies, the NEV maker's general manager in charge of branding and public relations, Li Yunfei, said today on Weibo. Of BYD's total workforce, nearly 110,000 are in technical research and development, making it the automaker with the largest R&D staff in the world, Li said.
@@TheKing-yo9ze "engineer" means something different in China than in the U.S. By U.S. standards, there are probably way fewer engineers than that. However, it's true that they and other Chinese companies can employ tens of thousands of engineers - electrical, mechanical, software - at very low salaries to work like dogs. It's one of their main advantages.
It is absolutely amazing that it took this long for this guy to have that lightbulb moment. What are these CEO types being paid all those hundreds of millions for if not to see this kind of thing coming? .. rather than discover it after it’s already happened.
Chinese manufacturing philosophy is more you buy the cheaper it will cost..Chinese eat rice ,a pc of pork or chicken ,bowl of soup is enough..western everything is extortionate,discrimination and profiteering,unreasonable ,inordinate and uncalled for 😢😢😢😂😂❤❤❤
protectionism will cause Legacy brands either to die or living off of tax money just to remain alive. There are many countries where domestic brands can only sell because there are horrifying tarrifs put on foreign brands and you can imagine how good the quality is
Brazil, after decades of protection and bilion of taxpayers money, the auto industry no longer export, and ours cars are expensive and and medium quality. its loops in higher taxes and expensive cars for customers
Chinese startups also receive subsidies, but effectively banning Chinese imports with a huge tariff is no solution. U.S. automakers must compete with China outside of the U.S. anyway.
How much of the tech in a "Chinese EV" either originated in or was invented by the Chinese? Competition is NOT stealing tech then selling it "free of development costs".
I live in Guangzhou and bought used model3, cheaper than your Aion. Matter of choice. Anyway Tesla is extremely popular among Chinese people. Aion is mostly for taxis, don't really know any private person driving Aion.
How things do change. The US had a virtual monopoly on ICE vehicles in China and made billions over the years. Now the situation has flipped with China on top of the EV industry. Instead, the US is trying to shut out the China OEM's from US markets. So much for a free and open market and fair play. By the time the US gets up to speed (if they do) after making the huge start-up investment, the Chinese will have expanded internationally especially in the Global South and further developed their supply chain improving their economies of scale. Good luck.
The US Monopoly Capitalists own the EV market. Look at the owners of Telsa and BYD. Same owners - international capitalism with Chinese partners, who are the juniors. The western capitalists are DESTROYING the fossil fuel car industry - because when you check the owners of Ford, GM etc, it's the same owners again. But they make HUGE PROFITS on Tesla and BYD - so they are cannabilizing and destroying the fossil fuel car industry. In addition to this the same bankers are the ones funding the climate change. hoax - Net Zero Banking Alliance is driving it all along. We are all just victims of Monopoly Capitalism.
What a well researched video, Sam. You are far superior of a journalist compared to all of the American corporate media combined. Of course, here in the US, all of the corporate media, including television, print, radio, and online corporate media would never say anything negative about the legacy automakers such as Ford and GM because those companies are major advertisers on those platforms.
Not Only did THEY (Ford, BMW, Mercedes, VW etc and the rest of THE DUMB Auto GIANTS owners) know it was coming ?? They ALL blindly and unwittingly funded the Chinese Automotive Businesses by outsourcing a big percentage of their manufacturing know-how and technologies, and in some cases setting up factories and facilities to do it... and ALL in their Headlong Rush to maximise bottom-line Profits and Shareholder Dividends, un-beknowingly what they had done, was to sow the seeds for their ultimate downfall. Moral of this story: Be Very Careful what it is, you wish for !!
Elon Musk warned them long ago of the Kodak/Nokia moment coming. The mainstream press was just as guilty saying established car manufacturers didn't have to worry because they could switch out gasoline engines in a moment's notice. Elon Musk rolled his eyes at that. Now over 10 years later Farley is worried....nice!!
@someuser7501 I saw a teardown of a Ford EV compared to a Tesla and the primitive nightmare of coolant hoses in the Ford compared to the integrated modules in the Tesla was quite shocking. Not that I'd buy either, but Ford looked like it belonged with dinosaurs.
I think that's unfair. Ford came out with the EV Mustang, EV F-150, and numerous hybrids, and 10 years ago offered the EV Focus. It's not like they've done nothing. The problem seems to be that they're not executing well. The Lightning was a big disappointment because of the high price and poor range; the Mustang-E is considered a fun car, but also expensive and not great stats. With some tweaking, I think Ford could improve these offerings and gain more market share. It doesn't help when UAW goes on strike for 8 weeks, costing Ford and the other domestic car makers billions of dollars... right when China (and Korea) are poised to take over.
Sam. I dearly wish people, including yourself, would STOP saying " can make a car in seconds." A -correct- version of what you mean to convey is more like " has a car come off the production line every seconds." The reality is that the car -started- on the line 2or 3 days ago, which is pretty damn amazing in and of itself. Other than that, excellent job getting the word out about Ford getting an accurate picture of the reality in China, and the government mechanisms the started it and continues to accelerate it.
That 2 or 3 days must include time at plants away from the assembly line. I'm retired, but decades ago traditional assembly plants made a car every 60 seconds and they've sped that up. The slowest thing were the ovens that took 4 hours including for the body to cool. The engine and the transmission were neither built nor tested on the assembly line. You are as bad as what you complained Sam did. You are adding apples and oranges. The right numbers to compare are man hours per car even though outsourcing artificially lowers it.Just imagine it takes 3 days to start the line and 3 days to shut it down, and you start on Monday and stop on Friday. Good luck with that. It's a fairly good bet 3 days included stuff that started up days before either cars or assembly workers got there.
If a car comes off the production line ready to drive every 55 seconds then that's what it is... Doesn't matter if their suppliers took 2 days to produce a part or parts. End of story
The US have invited this situation on themselves, some years ago I bought a set of US Ping Golf clubs thinking that made in America was worth the price $750, When I received the clubs the label said "made in China" assembled in the US, I think that's the future for the US car market
Just buy a made in China straight next time, it will be cheaper, and assembled in USA doesn’t necessarily mean higher quality, but higher cost assured.
Imagine a 30k$ BYD car but it costs 60k$ in the states (100% tariff) The actual profit went to china. The remaining profit collected from tariff went to uncle sam. Y'all got milked hard. 💀
Your update on the latest news in the auto industry of the world is so amazing and important to all of us without fear or favour. Thank you so much for all the hard work. God bless you .From Malaysia.
So I guess Ford is waking up to the reality that they are like an over 100 year old sprinter in a race against Olympic hopefuls. Kind of sucks when you realize you are old, tired, and completely out of your league.
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Ford has come to the realization that doing business in a communist country is a mistake.
This is a tough nut to crack. The Chinese have demonstrated their ability to build fine EV automobiles at low prices. Our response: 'lets raise those tariff's even more'. Both Trump and Biden agree on this, and unfortunately free trade goes out the window. Who pays, the buyers. It will take some years to get beyond this point. Now we must, as consumers, just grin and bear it. Eventually though, those Chinese vehicles will find their way here.
Disagree. Biden and Trump are so far apart on their concepts - that it's night and day. Trump's tariff policies amount to a tax upon the American people. Biden's policies only targeted EV's and gave breathing space to EV industry and his infrastructure changes, like the CHIPS act that helped America to build out more semiconductor capacity - has put America into a progress loop. And let's face it. Trump is just a weirded out used up jet trash reality TV star. This comment is misleading, because it assumes that Trump's policies are in fact policies and not just the meandering of a man getting ready to make a plea deal to stay out of federal prison. I'm voting for Harris, because she's got an actual policy and I'm definitely grinning when anyone attempts to put her on equal footing with ... whoever that Donald guy really is.
Let's hope Tesla has a lower cost EV that they are going to show next month. That will help some. And I have no idea how the US government could keep 'made in Mexico' EVs out of the US.
Actually, Trump imposed 25% (more or less) tariffs on Chinese cars, because China had a 25% tariff on U.S. made cars for decades and still does, I believe. His approach was tit-for-tat; "you're screwing us, so we'll screw you back unless you decide to stop cheating". The Biden approach is more of simple protectionism and currying favor with the union.
I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.
Welcome to capitalism with fewer regulations than the US used to have, and corporations more bold to merely collude and scam consumers. It's too bad unions had some corruption problems, but seem to be coming back cleaner, but probably too late. Inflation will always happen, it's just that we had a big jump after COVID and all the cash the governments printed and gave to businesses and citizens pushed up demand, lowered supply, and ended up in huge mess and double digit inflation. Those prices will only come down if we the middle class don't have the money to buy products and end up as the working poor. This is capitalism without guard rails. It's not going to get better unless the government breaks up big corps, makes incentives for small businesses, taxes the rich more than they have, and put the guard rails back into industries that are screwing consumers with over charging for necessities in the name of shareholder profits and CEO 50 million dollar per year salaries.
I like how you described a crooked system. Recently I realized that we've been lied to all along. The lied to generation. But it's actually several generations. When it's that long it's almost impossible to tell the difference. They make you believe in the wrong things and they make you disbelieve good people.
Wtf gas prices are less than $3 in most places they are not rising anywhere near the rate of the cost of living. Stop majoring on the minors. The problem is not cars, it's greed, and America and China will all deal with it, this is the flesh, the sin nature, it's common to the entire human race. Jingoism and racism are just ways to divide people for the gain of those who control the media.
I just went into Toyota to have my Prius serviced. I told a salesman that I was interested in buying an EV in 2025 and that I was a 35 year customer of Toyota's. He said Toyota's really focused on hybrids and tried to sell me on it. I told him I was committed to electrification and he offered the bz4x to me. I asked what the range was and he replied 220 miles. I told him I could get a Model Y that was larger, cheaper and had a 320 mile range. I told him that I would buy a Juniper next year, but I don't think Toyota cares that they'd lose me for a customer...that was clear.
What Model Y is cheaper? The Bz4x sells for only 2/3 or less the price of a Model Y in China. And it doesn't sell nearly as well. Those Toyota dealers are crazy if they mark up the price that much.
Never buy the bz4x, as in China, this car has become a verification code for consumers. Market performance and user feedback of bZ4X The market performance of bZ4X is not satisfactory. Despite a significant decrease in its price, the resale value has dropped significantly, leading consumers to jokingly refer to it as a "4x depreciation rate". In addition, bZ4X also has some issues with charging speed and user experience, such as slow charging and total failure, which have affected its market performance and user reputation. In short, this car is electric garbage.
What I learnt in my 40 years corporate experience is those who are very good do not play office politics, only those who are incompetent are very busy with it. It happens the same in international scene. The West tries to imposing heavy tax, restricting imports does not help them to make more and better EVs. Good products still have their markets. The world is bigger than US+Canada+Europe. These products will go to the rest of the world and help them to improve lives faster. One day the undeveloped countries labels will be on US, Canada + Europe. Do not believe me, keep my comment and read them loud after 15 to 20 years!!
There's a geopolitical angle you're completely missing here. Why would you let an avowed enemy (CCP) Trojan Horse your economy with cheap goods that people need and use daily? You wouldn't, which is why they'll never see our shores. We made that mistake once. We're not doing it again.
Petrified? You mean he had a stiffy when he saw what was going on there. The Big "3" here in the States needs to wake up. (stop making high tier products the average consumer can't afford)
Actually new Lincoln nautilus is pretty amazing. But in china is sold as a petrol car only and cost 32k USD. For half that price there are Chinese brands offering PHEVs. If nautilus offers ling range PHEV it will sell. But it won't happen because Lincoln development is 5years behind and still didn't realize that they must offer CHINA SPECIFIC models and not global models.
Don't think he got a stiffy, think he went limp instead. Farley and other legacy autos don't have any of this in-house and are years behind. Best to partner with the Chinese before it's too late
I swear, do these CEOs live in a bubble? Jim took a road trip in his EV and surprise, the charging experience sucked. So he negotiated to get on the Tesla network. Now he finally is smacked in the face with Chinese EVs. Good luck Jim because you will need it!
Indeed they do, they are generally working only with yes-men who don't care about the truth because they need only a few years of bonuses at the highest levels and they are set for life. Ford is doing the same mistakes like all giants who had fallen: Kodak, Nokia, IBM, etc
Ford used to sell a car called the Ikon in India. It had an electric radiator fan that when it came on emitted a loud high-pitched scream, louder than anything else on the car except the hooter, that did not exactly give an impression of quality and refinement.
Before joining Ford in November 2007, Farley was group vice president and general manager of Lexus. Do you think he never went to China at least on holiday when he lived right next door?
@@denisdaly1708 He undoubtedly went to China. Toyota had (and still has) car factories in China, although Lexus are manufactured elsewhere and imported into China.
Legacy auto is toast & they know it, Get over it. They've kicked the EV can down the road for years, even lobbying their respective governments against it. Why should the EU motorist suffer paying more for a much better specced Chinese BEV because of sanctions that these legacy automakers & governments have brought about.
Tariffs will protect the legacy group in the US and Europe for a few years, but in the long run, this will retard their progress in automotive technology and manufacturing. The legacy group isn't taking the challenge seriously. Pulling political levers, they have convinced lawmakers that protectionism is the best course and that EVs are not ready for US and European markets. Their solution is hybrids. In the meantime, the Chinese manufacturers will gobble up international markets for EVs. Legacy companies will disappear in China and become less of a global factor. Chinese EVs are showing themselves to be better than what legacy manufacturers are selling. They are more affordable and include features like self-driving and amazing sound systems considered premium in the US. Meanwhile, traditional car manufacturers respond by selling the same old stuff as the Chinese improve their manufacturing and software systems, aiming to lead the world in EVs. Protectionism will work in the short term, but in the long run, nothing they are offering can effectively compete with what China is producing.
The "protectionism" is more about geopolitics than economics or even the environment. We're not going let the CCP Trojan Horse us with a bunch of dirt-cheap (thanks to government subsidies) electrics. We made that mistake once and we're never making it again. THAT's what this is all about.
The USA Needs to spend more money on technological Innovation and lowering the cost of college instead of fighting useless wars. They're really wasting our taxpayers money.
That's just it the word INNOVATION in the United States government and industry the word innovation is a very bad word it means in our cutthroat capitalistic system innovation means competition in competition means that each company has to build its better mousetrap than the other that keeps costs down that satisfies a lot of consumers with innovative new products but instead we have a system where the government subsidizes old technology such as fossil fuels and gas at the expense of the overlords of those companies that depend upon those energy sources 🤪🤪💀☠️ that's the reason why United States companies are losing a good analogy is that we're still using diesel locomotives while the Chinese are using high-speed electromagnetic super trains.!!
The Chinese Market has been turned upside now in the last 5 years. You would not believe the changes to EVs here in China. My brothers live in the US and my kids work for Stellantis and Tesla. I worked 5 years at Chrysler, 3 years at Ford, and 30 years at GM. Now I work in China. Chinese EV's are for real. Beautiful and with a good price. My favorite now is the BYD Denza Z0 GT.
EVs are unprofitable for the legacy car companies as their organisations are totally structured around petrol cars. This is why legacy auto EVs are overpriced, uncompetitive and obsolete. Legacy auto cannot develop and produce EVs in a competitive manner. They never will.
@@bobwallace9753 GM is doing just fine enough in China, but they now need to focus on N American and Europe, and if Stellantis can get its stuff together with its JV with Leapmotor, they'll be fine. Ford, sadly, is rudderless.
@@yojoe4830 GM is not at all doing fine in China. Their ICEV sales are drying up. GM is a partial owner of a Chinese EV manufacturer and that company is doing OK. I don't see how most legacy companies make it through the transition to EVs. They can't yet make profitable EVs, they need profits from ICEVs to pay their enormous debt and stay in business. If they started selling low/no profit EVs they would lose profitable ICEV sales. What we are watching is new companies making EVs and taking market share away from legacy companies. As legacy sells fewer ICEVs it becomes more expensive to manufacture ICEVs (economies of scale). Higher cost to produce ICEVs means less profit and/or lower sales. Less earned profit leads to bankruptcy.
@@bobwallace9753 No but they have next generation (for the US) EVs with their Joint Ventures with SAIC and Wuling. They're planning the Proxima platform. Their EVs they have on the American market now and by 2026 are selling and get great reviews. They are in a MUCH better position to transition away from ICE than the other two "Big Three" and, oddly, better positioned than the Japanese. I'm not saying that Tesla is doing badly, but they're losing to Chinese brands, too. The Chinese want Chinese made cars, and who can blame them? But in the end, GM is cranking out new EVs and Tesla has the same old same old, updating but not changing.
Well done China for embracing green technology so quickly. If it was left to legacy auto it would take many decades to get to where we are today, an affordable high quality offering 😊
They are fugged. Simple as that. And earlier than expected, 2 years earlier. And the boat has sailed, the train has left the station, the rocket has launched. Bye-bye
I agree. Demographics, the real estate disaster. . . CCP is fucked! Glad I'm here in Eden (all the energy, food and fresh water we could ever want) and separated by over 5000 miles of ocean. Should make some good viewing though. I'll start the popcorn.
China now has critical mass in its EV technology scrum -- a Silicon Valley of automobiles -- Tesla is a key player, of course. Ford, GM, Germans, Japanese missed the boat to enter the scrum... to go toe-to-toe on innovation. Almost certain that 2024 is too late to compete; 2027 or 2032 (!) are absolutely too late.
@@ChickensAndGardening it looks like western leaders have no confidence in their own technical people so they are resorting to closing their own markets to the owner of the biggest auto market.
@@ChickensAndGardeningYes, hv to work very, very hard to catchup. Tesla & Chinese EVs are having a "blue ocean" market/first mover advantage. Late comers will face "red ocean" market. Financial red ink/intense competition.
Not going to lie. The recent step change in EV tech, cost, reliability, features has been coming for over ten years. Still surprising. I made a decision to defer my ice vehicle upgrade a long time ago. I think everyone has been surprised by China. The language and cultural Barrier meant we didn’t know what they were doing.
Maybe check out their real estate market. You don't just sweep something like that (60+% of all citizen's savings) under the rug. And then the upcoming demographic disaster.
@@vichitvideo6041 most of the universities have been bought out by funding. If not by foreign students paying fees, then grants to fund research with ‘friendly’ diplomacy and policy development
Thanks for the content. "The technology ain't there yet." Meanwhile, I replaced the small vans we had in my company to Tesla y long range. Im paying 900cad a month which is less than the gas alone on the fords, then add repairs, which on ford is constant, then the cars price, which is 750 a month. Also something forgotten, a day of the ford in the shop is money lost because the car didn't work. My employee still got paid... So according to my accountant. Im saving a lot. If only tesla built vans... The ford e van 200 km range is a problem for me.
I like Jim Farley. I did not know he was related to Chris Farley or that he was born in Argentina. Cool. I like the MachE but it's too expensive. I only paid $38K for my Ioniq6 in North Carolina.
@@ouethojlkjn Don't blame the union for crap management. They missed the boat ten years ago. Any business that can't afford to pay a decent wage doesn't deserve to be in business.
About Xiaomi, The owner Lei Jun has invested in many EV vehicle companies like Nio and XPeng. And close to 100 companies in the EV car field in the past 5 years before they made the Su7. I think they are familiar with the EV car field and did a lot of preparation.
Koreans quick to EV adapt, but they have had battery manufacturing experience. Battery manufacturing is too dirty business for USA. Most lead acid batteries now made outside USA. Fossil fuel, mining, chip and solar cells production ... all too dirty businesses for USA EPA.
@@alex.velasco he means inflation from money printing, Biden's (and Harris if she gets elected) favorite activity. You sell a car and get 10k, then next year that 10k is worth 9k, the year after that 8k
I thought China was still producing ICE vehicles, but most were being exported. Russia and the Central Asian countries (the "-stans" as they are sometimes nicknamed) have significant markets for them as does the whole African continent.
They don't care about the pollution, their air, soil, rivers and lakes are all polluted. This are bs lies he's talknig about license plates. They imposed tax on ice licence plates only to ban ice cars when they started producing EV to screw all the other car makers, because they have like 5x advantage in costs producing EVs and their companies get all the resources below the market
NIO is the #1 EV only manufacturer in China. Their battery swap business model is the future. Tesla model Y, under pressure from NIO Onvo L60 for best seller from here on in
Don't be scared.....be happy! They can help saving our planet ! Lets get back to basic: Everybody is talking money and very few persons are talking why we need EV's! If a fair competition can help us save our planet: THAT IS WHAT WE NEED !
I just bought a BYD M6 for $30K USD in my country. Very good deal. Best car for the price. Really no brainer. Western goverments: Consumers please pay more to support the local auto industry.
BTW, I worked with the heroic efforts of Australian auto industry to compete, but we, the Japanese, kicked their buts too, even while trying to help them to compete against us.
The American Automobile industry had made mistake after mistake going back to the early 1970's and that is not going to change now. Their investment into DEI looks like the final mistake and they will be out of business in just a few years.
They don't make the Xaomi SU7 in 57 seconds, rather 57 sec is the station time of the production line. You need to multiply the number of stations by the station time for the time taken to build the car.
😂That is how industry measure production pace. Your most time consumption station. That is your production pace. And that is how long you pump out a product.
they make 40 an hour thats 1 every 90 seconds, if they run 2 shifts of 7 hours each thats 560 a day so 2,800 a week so 140,000 a year. Ford makes 60,000 a year, ooops!! Cybertruck now ramped up to 2,000 a week and going higher.. They are selling for $40-50,000 in China, currently at a loss.
@@softwarephil1709 Kia cost more as does BMW. Most Chinese currently selling at a loss and have Government subsidies. Tesla have always had mid range quality interiors, it´s not stopped the model Y being the best selling car in the world, not just the best selling BEV car but the best selling car outright with a 65% customer brand loyalty. Plus the model Y is now an old model but still has fantastic sales. You can criticise Tesla as much as you like but the paying public disagree with you overall.
The US auto CEOs are either clueless or they're in denial. Farley took an electric F-150 with a trailer on a road trip and found out the actual range is less than 100 miles.
That is not what they found out, they found charging infrastructure was lacking aside from supercharger from Tesla. Hence lead to the charging partnerships.
twu905 • She has to enjoy her multi-million salary. So, she fully enjoys it, and from time to time she comes down to the poor earthlings to tell them old and new stupidities about the car industry.
U.S. needs to incentivize it's own new industries, not prop up the dying fossil fuels companies by charging ridiculous tariffs on foreign imports. We found out that protectionism doesn't work, way back in the 1970's. Our cars were trash and it took the Japanese to show us how to build good cars and compete.
The USA does, with a $7,500 federal tax credit for buying a domestically sourced EV! But there's so much anti-EV fossil-fuel-funded garbage flooding the media, and car companies and their crummy dealers don't market the benefits of EVs.
And now the Japanese and Korean companies are virtually American car companies anyway. Toyota has been in NASCAR for over 20 years now and all employ thousands of US autoworkers. Throw in the aging crisis in both countries and you can expect that number to continue to rise. Might even get to a point where most Japanese cars are actually made in the USA.
Watching you for four years now. Every time. Thankyou Aussie. Jim. Farley has begun eating too much. Ford GM, Chrysler and others invested big in Japanese car makers. Car carriers then were defunct USN aircraft carriers. Container ships returning from Vietnam, discounted fees to carry Taiwanese and Japanese goods to North American markets.
Not the first time US companies have been too entrenched in their ways. Prof. Demin from the US taught Japanese manufactures about quality and US manufactures would not give him the time of day. That resulted in Nissan, Toyota, and Honda cars taking over the market in the 80s.
@@larryc1616 ... Bidens administration is pushing sanctions and tarrifs that only keep back firing. US was investing trillions in war for the last two decades... While China was investing in manufacturing. Corporate America made record breaking profits year after year. Cashing in the slave wages of other countries. Now they can't create jobs in the US without taking losses. 😂 Idiots.
For years people in the tech industry have predicted that one day cars will be like PC. We will see newer, cheaper and better cars every year. This day has arrived.
what's good for the goose is good for the gander idiom US -used to say that one person or situation should be treated the same way that another person or situation is treated
They need to start making batteries or become reliant on a battery supplier. Being reliant on a battery supplier decreases their chances of being cost competitive.
The reason EV sales have slumped in most of Europe: the infrastructure is not in place. Extremely large numbers of drivers cannot charge at home. Those that can can only charge one EV at a time. Public charging is more expensive than equivalent petrol/diesel per mile/km. Subsidies are being withdrawn. The average consumer cannot afford the high cost of purchase/lease of most legacy brands. Range is still an issue with some EV models. They are as emotionally aspirational as buying a Dyson vacuum cleaner.
The best solar company in Australia just installed my new solar system.
Check them out here: www.resinc.com.au/electricviking
What battery or brand are you using? to store the electricity for when out of the house
I read somewhere that a lot of those Chinese EV car mfrs are going out of business.
Big deal
@@Chicago48 Most of the US auto mfg companies have gone out of business or were bought out by GM, Ford and Chrysler in the past 100 years. The same goes for every other auto producing country, over the years. China will prove to be no exception. But your point will be taken with the same gravitas it deserves.
As usual, you forgot NIO, listen, you lost your credibility!, NIO has half a million vehicles on the road, what will become of you and the hate
I'm currently in Sanya and that Xiaomi SU 7 is BEAUTIFUL. Xpengs are quite neat too.
I’m very happy with my Xpeng
I'm looking at buying a Zhiji LS6 (IM LS6). It's amazing
Meanwhile, there are still plenty of keyboard warriors who would tease anything Chinese made. Didn't anyone tell the Americans about the quality of their own cars?
no they cannot self reflect, it's anti american.
Yes Chinese vote Tesla highest in reliability while Consumer Reports in the US ranks it the lowest. Look up: Tesla Model Y dominates Chinese reliability survey. Then lookup: Tesla crushed in Consumer Reports reliability rankings
wrr
There used to be - before the internet and social media - a cadre of Americans who equated "Made in Japan" with "junk". Certainly true ... in 1960! And then "Made in Korea" was junk. Again, 1990 maybe. And NOW ... "Made in China" is junk (except for all the shit you buy at Walmart and Amazon?).
Maybe Americans need to wake up and realize SOMEBODY has been LYING to them - and it's NOT the Chinese.
US Americans just take what is dictated to them...and no matter the price.
Big 3 CEOs have made very high salaries all these years. Yet they failed to guide their company for the future. Looks like they were overpaid.
Just like Washington politician's,
BS
No shock there. These guys had their chance, and they Botched it. Bet they made the shareholders money tho...😂
Not only that, but those automakers waste too much of the company's profits in stock buybacks. For example, GM spent $10 billion dollars in stock buybacks over the last 10 months. Imagine what they could have done with that money in terms of researchers and development.
From broom pusher to CEO, the whole companies are crap and only exhist due to congress critters passing laws to protect union jobs at the expense of the rest of us.
Mitsubishi was one of the first Legacy brands to be kicked out of China, right after Jeep.
Of course, they whine about EVs and tell lies.
That’s great Mitsubishi is outta China for good. As a person of Chinese descent, I will NEVER buy anything Mitsubishi makes simply because it’s also weapon maker that trace back to WWII, responsible for making the infamous Japanese Zero fighters that bombed China. Sometimes I wonder how they got into the Chinese auto market to begin with
China doesn't need you after they've stolen all your intellectual property.
Does Mitsubishi still build cars?
I suppose they built vehicles in China in the same way GM does but they may have been importing them.
I could buy a new Mitsubishi vehicle near me. .@jonperkins8696
@@snookmeister55Just like Mao in China, the one who kicked out 8 imperialist or colonial powers with their one sided and unfair treaties. The most significant part of why Chinese still respect him till today. The West rather smear him to be on a high horse, made a perfect sense which many are not supposed to remember and discussed. Self censorship is expected!
In 30-40 years from now when we visit the US it will be like visiting Cuba today . . . very nostalgic, let's reminisce the good old days.
Actions of US these days looks desperate to remain on the top!
@@SmithyAnton74Nope, it's not doing anything. US is a stagnant, confused nation. It's not fighting nor competing with China or any country for anything. Sure it's economy is huge. But other than size, it's stagnating not only in manufacturing but it's rotting at the seams. I live in the US and I actually see all the signs of an imploding nation.
3040years, your being way too generous.
Keep selling yourself that dream. It will still be 30-40x better (and richer) than where you live. I drink your envy like fine wine.
In the past, Britain also had its own strong automobile industry, Today, Britain has only a strong financial industry, But that's not necessarily true after brexit.
The future of America is a larger Britain.
"There's a confusion about China. The popular conception is that companies come to China because of low labor cost. I'm not sure what part of China they go to, but the truth is China stopped being the low-labor-cost country many years ago. And that is not the reason to come to China from a supply point of view. The reason is because of the skill, and the quantity of skill in one location and the type of skill it is...The products we do require really advanced tooling, and the precision that you have to have, the tooling and working with the materials that we do are state of the art. And the tooling skill is very deep here. In the U.S., you could have a meeting of tooling engineers and I'm not sure we could fill the room. In China, you could fill multiple football fields..."
Tim Cook : Apple CEO
That's a bunch of bull. The reality is that China is the lowest cost when also considering supply chain and integration. That's it - no one believes that China is technically as capable as European nations or the USA, no one.
If you want a reminder of how un-refined Chinese industry is, it took until 2017 for China to be able to manufacture their own ball-point pens because the manufacturing process is too complex and tolerances are low. It's also 2024 and China still doesn't have the expertise, nor tooling required to make their own jet engines - they still rely on and import them from Russia, and we're 34 years after the fall of the USSR!
So yeah, stop peddling such crap. China simply has a massive population which has been shoved into factories and which needs to be perpetually employed. That's it.
@@Spocker93 Bingo!!! 👏👏👏👏👏👏
@@Spocker93 You still believe in these jokes?😂😂😂😂
@@directxxxx71 At least try to hide your CCP-affiliation on your channel lol. You bots are running rampant on UA-cam.
@@Spocker93 你說的真好，那就請你們的國務卿、財政部長、貿易代表、商務部長....等等，不要老往中國跑，很煩人的 !!
No one can compete with China's supply chain!!!!!!
Game over!
Why so much hostility behaviour? Why not join in and make money together?
@michaelCuthbertson-zl6in correct and it’s time to change things up from being super expensive and exclusive. The Chinese are simply expanding on their commodity supply chain … simple plain business.
Funny thing about mentioning the Chinese carmakers as a threat to Ford in Brazil, BYD already sells more cars in Brazil than Ford does. It even landed one of its models as the best selling vehicle in one Brazilian "state" (between quotes because it's Distrito Federal, which is the seat of power for the country and somewhere between a city and a state as far as its government structure goes).
Of course, part of the reason for that is Ford abandoning car manufacture in Brazil and relying solely on imports; BYD even purchased Ford's old car plant, where it plans to make 150K cars per year, with the potential to expand to 300K if there is enough demand.
Ford left Brazil because of high taxes they have to pay and little profit. And they are not the only one, some already left and others are thinking about the idea.
@@SimoneSantos-nq7ci Well, if US and European companies want to leave the country and allow Chinese carmakers to control the 6th largest car market in the world, that's on them. Because the Chinese aren't leaving, they are instead increasing their investments and opening factories. BYD is already talking about opening a second factory in Brazil's south which would be in an ideal geographical position to supply the southern part of South America with Made-in-Brazil BYD cars.
@@FabioCapelaour brands have grown complacent and arrogant. Typical case of disruption unraveling.
@@SimoneSantos-nq7ci "low profits" are still profits.
In China, profits are small but constant and you can be sure that even if they are small, you will never have losses unless your management is terrible.
Many "businessmen" look for large profits in the short term, but forget that these profits are at the cost of great efforts by their employees, so it is preferable to have happy and efficient employees with a low profit than dishonest and inefficient employees with a high profit but with the probability of going bankrupt sooner or later.
Getting 10-15 to 20% of the investment annually is a great benefit, but when your employees find out about the benefits you obtained and you only increased their annual salary by 4-6%, you will surely get 30 to 45% losses that year.
Great profits bring great losses.
@SimoneSantos-nq7ci Taxes are insane in Brazil, my boy paid the equivalent of $1300 for a PS5 a couple years ago.
I am a retired Engineer, and I was raised in the automotive industry. Growing up, I was led to believe that the only good cars were American made vehicles or high end German cars. My experiences with American made cars was a mixed bag. The overall quality was generally poor and very inconsistent. Japanese cars arrived in the 70s , and I have only bought three American cars since then; one from each of the big three automakers. The quality of each of these vehicles was subpar, so I didn't keep them for very long. I have had very good service from the Japanese vehicles that I purchased over the years, and I would not consider purchasing a US or Korean made car. The charging infrastructure here in Canada is very sparce, so I wouldn't buy an EV until some time in the future. Time has proven that the big three US automakers are unable to produce a mass market economy car that is worth bringing home; I.e: Chevrolet Vega, Ford Pinto, etc. I visited China last year and I would definitely consider a Chinese made EV, especially an economy car to serve as a second vehicle.
Did you mean to write "...US automakers are unwilling to produce a mass market economy car..."? That's the impression I get from the attitude they project.
Kia and Hyundai both make some good vehicles.
BYD have 900K employees, 110K of them are engineers doing R&D. And it announced that it has filed more than 48,000 patents globally. Out of these filings, over 30,000 have been granted according to a company report
Is that a real number?
@@veerkar
The total number of BYD employees topped 900,000 today, the most of any of the more than 5,300 Chinese A-share listed companies, the NEV maker's general manager in charge of branding and public relations, Li Yunfei, said today on Weibo. Of BYD's total workforce, nearly 110,000 are in technical research and development, making it the automaker with the largest R&D staff in the world, Li said.
But do they have a diversity department?
How many of them are translators and web developers though?
@@TheKing-yo9ze "engineer" means something different in China than in the U.S. By U.S. standards, there are probably way fewer engineers than that. However, it's true that they and other Chinese companies can employ tens of thousands of engineers - electrical, mechanical, software - at very low salaries to work like dogs. It's one of their main advantages.
It is absolutely amazing that it took this long for this guy to have that lightbulb moment. What are these CEO types being paid all those hundreds of millions for if not to see this kind of thing coming? .. rather than discover it after it’s already happened.
Better he sees it now than later - some other manufacturers seem to still not get it
They looked down on these Chinese EV
Arrogant and Ignorant. Period and Period.😱
Chinese manufacturing philosophy is more you buy the cheaper it will cost..Chinese eat rice ,a pc of pork or chicken ,bowl of soup is enough..western everything is extortionate,discrimination and profiteering,unreasonable ,inordinate and uncalled for 😢😢😢😂😂❤❤❤
He only watches Elon Musk until Elon Musk says something about China’s EV
As they lose more overseas markets, their cars will get more expensive due to less profits
That’s happening now
protectionism will cause Legacy brands either to die or living off of tax money just to remain alive. There are many countries where domestic brands can only sell because there are horrifying tarrifs put on foreign brands and you can imagine how good the quality is
Brazil, after decades of protection and bilion of taxpayers money, the auto industry no longer export, and ours cars are expensive and and medium quality.
its loops in higher taxes and expensive cars for customers
The Soviet Union was a prime example in terms of the automotive industry
BYD outselling Chinese government state auto brands. But that was with 40+ year of import tariffs.
They will get bought by Chinese companies.
Chinese startups also receive subsidies, but effectively banning Chinese imports with a huge tariff is no solution. U.S. automakers must compete with China outside of the U.S. anyway.
The USA has never liked fair competition !
How much of the tech in a "Chinese EV" either originated in or was invented by the Chinese?
Competition is NOT stealing tech then selling it "free of development costs".
China didn't steal automotive tech. Automakers gave it to them, in Chinese factories.
Another ignorant bigot. Why is Ford begging to license CATL battery technology? Pathetic!
U.S. automakers can’t compete and pay UAW wages.
@@criver127wasn't stolen, the west willingly gave them in return for astronomical profits.
I live and work in Shenzhen and I have bought Aion Y Plus. More than half the price of the Tesla. Wasn't thinking twice about it.
I live in Guangzhou and bought used model3, cheaper than your Aion. Matter of choice. Anyway Tesla is extremely popular among Chinese people. Aion is mostly for taxis, don't really know any private person driving Aion.
@@GallAnonim-jx2cz not to mention their software. you can't beat tesla"s!
Never heard of your car. It's claimed 95% of Chinese makers will go bust. How would you fix yours if this happens?
Aion is one of the most common plates I saw this year. Their stock is dirt cheap. Why?
@@GallAnonim-jx2cz @psychoja is also driving a taxi in Shenzhen man.
How things do change. The US had a virtual monopoly on ICE vehicles in China and made billions over the years. Now the situation has flipped with China on top of the EV industry. Instead, the US is trying to shut out the China OEM's from US markets. So much for a free and open market and fair play. By the time the US gets up to speed (if they do) after making the huge start-up investment, the Chinese will have expanded internationally especially in the Global South and further developed their supply chain improving their economies of scale. Good luck.
The US Monopoly Capitalists own the EV market. Look at the owners of Telsa and BYD. Same owners - international capitalism with Chinese partners, who are the juniors. The western capitalists are DESTROYING the fossil fuel car industry - because when you check the owners of Ford, GM etc, it's the same owners again. But they make HUGE PROFITS on Tesla and BYD - so they are cannabilizing and destroying the fossil fuel car industry. In addition to this the same bankers are the ones funding the climate change. hoax - Net Zero Banking Alliance is driving it all along. We are all just victims of Monopoly Capitalism.
What a well researched video, Sam. You are far superior of a journalist compared to all of the American corporate media combined. Of course, here in the US, all of the corporate media, including television, print, radio, and online corporate media would never say anything negative about the legacy automakers such as Ford and GM because those companies are major advertisers on those platforms.
USA should build a giant glass dome to live in and maintain a 1950s America, untarnished by how the outside world is evolving.
The world is moving toward Global Governance . Are you supportive of that movement ?
The MAGA dome?
@@mikewallace8087Poor little boy. What are you doing up late discussing with the adults? Shouldn’t you be suckling at Q’s teat?
Yet the rest of the world will flock there and not to China
@@mikewallace8087 - you mean the Rules Based Order? .. the world is shrugging that piece of poison off.
They knew it was coming ....and did little
Not Only did THEY (Ford, BMW, Mercedes, VW etc and the rest of THE DUMB Auto GIANTS owners) know it was coming ??
They ALL blindly and unwittingly funded the Chinese Automotive Businesses by outsourcing a big percentage of their manufacturing know-how and technologies, and in some cases setting up factories and facilities to do it... and ALL in their Headlong Rush to maximise bottom-line Profits and Shareholder Dividends, un-beknowingly what they had done, was to sow the seeds for their ultimate downfall. Moral of this story: Be Very Careful what it is, you wish for !!
This is the State of Mind of Wall Street and the central platters focus on profit
Elon Musk warned them long ago of the Kodak/Nokia moment coming. The mainstream press was just as guilty saying established car manufacturers didn't have to worry because they could switch out gasoline engines in a moment's notice. Elon Musk rolled his eyes at that. Now over 10 years later Farley is worried....nice!!
@someuser7501 I saw a teardown of a Ford EV compared to a Tesla and the primitive nightmare of coolant hoses in the Ford compared to the integrated modules in the Tesla was quite shocking. Not that I'd buy either, but Ford looked like it belonged with dinosaurs.
I think that's unfair. Ford came out with the EV Mustang, EV F-150, and numerous hybrids, and 10 years ago offered the EV Focus. It's not like they've done nothing. The problem seems to be that they're not executing well. The Lightning was a big disappointment because of the high price and poor range; the Mustang-E is considered a fun car, but also expensive and not great stats. With some tweaking, I think Ford could improve these offerings and gain more market share. It doesn't help when UAW goes on strike for 8 weeks, costing Ford and the other domestic car makers billions of dollars... right when China (and Korea) are poised to take over.
The future of automotive heart located in China
The future. In everything.
They play the long game.
Yes, Chinese labor is far less to GDP. MAKING their status quo more lopsided in comparison _costs.
Firstly about 70% of China electric startups will go broke and die.
@@jayjack2046it's because of slave labor
Sam. I dearly wish people, including yourself, would STOP saying " can make a car in seconds." A -correct- version of what you mean to convey is more like " has a car come off the production line every seconds." The reality is that the car -started- on the line 2or 3 days ago, which is pretty damn amazing in and of itself.
Other than that, excellent job getting the word out about Ford getting an accurate picture of the reality in China, and the government mechanisms the started it and continues to accelerate it.
Carrot and stick. Very effective driving change in culture.👍🏽
That 2 or 3 days must include time at plants away from the assembly line. I'm retired, but decades ago traditional assembly plants made a car every 60 seconds and they've sped that up. The slowest thing were the ovens that took 4 hours including for the body to cool. The engine and the transmission were neither built nor tested on the assembly line. You are as bad as what you complained Sam did. You are adding apples and oranges. The right numbers to compare are man hours per car even though outsourcing artificially lowers it.Just imagine it takes 3 days to start the line and 3 days to shut it down, and you start on Monday and stop on Friday. Good luck with that. It's a fairly good bet 3 days included stuff that started up days before either cars or assembly workers got there.
If a car comes off the production line ready to drive every 55 seconds then that's what it is... Doesn't matter if their suppliers took 2 days to produce a part or parts. End of story
Very good video. Thank you EV (Electric Viking)
The US have invited this situation on themselves, some years ago I bought a set of US Ping Golf clubs thinking that made in America was worth the price $750, When I received the clubs the label said "made in China" assembled in the US, I think that's the future for the US car market
Just buy a made in China straight next time, it will be cheaper, and assembled in USA doesn’t necessarily mean higher quality, but higher cost assured.
Much like buying a Japanese brand made in USA vs made in Japan @@ricotheman8139
🤣🤣🤣🤣🤣🤣
Imagine a 30k$ BYD car but it costs 60k$ in the states (100% tariff)
The actual profit went to china. The remaining profit collected from tariff went to uncle sam. Y'all got milked hard. 💀
Your update on the latest news in the auto industry of the world is so amazing and important to all of us without fear or favour. Thank you so much for all the hard work. God bless you .From Malaysia.
So I guess Ford is waking up to the reality that they are like an over 100 year old sprinter in a race against Olympic hopefuls.
Kind of sucks when you realize you are old, tired, and completely out of your league.
Ford has come to the realization that doing business in a communist country is a mistake.
Like the two old man trying to be the next president
The US Government is somewhat responsible from the strategic level. Donald Trump if elected is going to sack EV and increase the oil production.
@@cerruti1881au Unless we go a NIO swap solution the grid isn't ready for EV and anyone telling you different is lying. DJT knows this.
@@ysgoh1981 LOL 😉
This is a tough nut to crack. The Chinese have demonstrated their ability to build fine EV automobiles at low prices. Our response: 'lets raise those tariff's even more'. Both Trump and Biden agree on this, and unfortunately free trade goes out the window. Who pays, the buyers. It will take some years to get beyond this point. Now we must, as consumers, just grin and bear it. Eventually though, those Chinese vehicles will find their way here.
Disagree. Biden and Trump are so far apart on their concepts - that it's night and day. Trump's tariff policies amount to a tax upon the American people. Biden's policies only targeted EV's and gave breathing space to EV industry and his infrastructure changes, like the CHIPS act that helped America to build out more semiconductor capacity - has put America into a progress loop.
And let's face it. Trump is just a weirded out used up jet trash reality TV star. This comment is misleading, because it assumes that Trump's policies are in fact policies and not just the meandering of a man getting ready to make a plea deal to stay out of federal prison.
I'm voting for Harris, because she's got an actual policy and I'm definitely grinning when anyone attempts to put her on equal footing with ... whoever that Donald guy really is.
Let's hope Tesla has a lower cost EV that they are going to show next month. That will help some. And I have no idea how the US government could keep 'made in Mexico' EVs out of the US.
Actually, Trump imposed 25% (more or less) tariffs on Chinese cars, because China had a 25% tariff on U.S. made cars for decades and still does, I believe. His approach was tit-for-tat; "you're screwing us, so we'll screw you back unless you decide to stop cheating". The Biden approach is more of simple protectionism and currying favor with the union.
Not without cheating though.
@@taylorc2542 cheating is a big word. What specifically are you saying?
I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.
That's why it's called American dream
And there won't be any social security left when you retire either.
Welcome to capitalism with fewer regulations than the US used to have, and corporations more bold to merely collude and scam consumers. It's too bad unions had some corruption problems, but seem to be coming back cleaner, but probably too late. Inflation will always happen, it's just that we had a big jump after COVID and all the cash the governments printed and gave to businesses and citizens pushed up demand, lowered supply, and ended up in huge mess and double digit inflation. Those prices will only come down if we the middle class don't have the money to buy products and end up as the working poor. This is capitalism without guard rails. It's not going to get better unless the government breaks up big corps, makes incentives for small businesses, taxes the rich more than they have, and put the guard rails back into industries that are screwing consumers with over charging for necessities in the name of shareholder profits and CEO 50 million dollar per year salaries.
I like how you described a crooked system. Recently I realized that we've been lied to all along. The lied to generation. But it's actually several generations. When it's that long it's almost impossible to tell the difference. They make you believe in the wrong things and they make you disbelieve good people.
Wtf gas prices are less than $3 in most places they are not rising anywhere near the rate of the cost of living. Stop majoring on the minors. The problem is not cars, it's greed, and America and China will all deal with it, this is the flesh, the sin nature, it's common to the entire human race. Jingoism and racism are just ways to divide people for the gain of those who control the media.
I just went into Toyota to have my Prius serviced. I told a salesman that I was interested in buying an EV in 2025 and that I was a 35 year customer of Toyota's. He said Toyota's really focused on hybrids and tried to sell me on it. I told him I was committed to electrification and he offered the bz4x to me. I asked what the range was and he replied 220 miles. I told him I could get a Model Y that was larger, cheaper and had a 320 mile range. I told him that I would buy a Juniper next year, but I don't think Toyota cares that they'd lose me for a customer...that was clear.
What Model Y is cheaper? The Bz4x sells for only 2/3 or less the price of a Model Y in China. And it doesn't sell nearly as well. Those Toyota dealers are crazy if they mark up the price that much.
Never buy the bz4x, as in China, this car has become a verification code for consumers.
Market performance and user feedback of bZ4X
The market performance of bZ4X is not satisfactory. Despite a significant decrease in its price, the resale value has dropped significantly, leading consumers to jokingly refer to it as a "4x depreciation rate". In addition, bZ4X also has some issues with charging speed and user experience, such as slow charging and total failure, which have affected its market performance and user reputation.
In short, this car is electric garbage.
Why didn't he know that already? What's his dayjob?
Same as everyone else I guess
Watching stock market. That's all they care.
Good question.
Golfing with his buddies and laughing at his employees struggling through the security cameras.
he cares more about the stockholders
What I learnt in my 40 years corporate experience is those who are very good do not play office politics, only those who are incompetent are very busy with it. It happens the same in international scene. The West tries to imposing heavy tax, restricting imports does not help them to make more and better EVs. Good products still have their markets. The world is bigger than US+Canada+Europe. These products will go to the rest of the world and help them to improve lives faster. One day the undeveloped countries labels will be on US, Canada + Europe. Do not believe me, keep my comment and read them loud after 15 to 20 years!!
There's a geopolitical angle you're completely missing here. Why would you let an avowed enemy (CCP) Trojan Horse your economy with cheap goods that people need and use daily? You wouldn't, which is why they'll never see our shores. We made that mistake once. We're not doing it again.
I think you are right. Give a example, 5 G is spread faster in the developing countries than here since it’s from Huawei😢
@@maxchen7229 Sounds awesome. Beautiful thing not being compromised by that compromised garbage.
Petrified? You mean he had a stiffy when he saw what was going on there. The Big "3" here in the States needs to wake up. (stop making high tier products the average consumer can't afford)
They won’t lower prices because they want less fortunate people to purchase their gas guzzlers for the rest of their lives!!!😮
It's too late, mostly, for Legacy to wake up. They gave up the bottom of the market a long time ago and now, they're stockpiling high-priced vehicles.
Actually new Lincoln nautilus is pretty amazing. But in china is sold as a petrol car only and cost 32k USD. For half that price there are Chinese brands offering PHEVs. If nautilus offers ling range PHEV it will sell. But it won't happen because Lincoln development is 5years behind and still didn't realize that they must offer CHINA SPECIFIC models and not global models.
Don't think he got a stiffy, think he went limp instead. Farley and other legacy autos don't have any of this in-house and are years behind. Best to partner with the Chinese before it's too late
lol, nah, overpriced mediocre stuff is not high tier.
I swear, do these CEOs live in a bubble? Jim took a road trip in his EV and surprise, the charging experience sucked. So he negotiated to get on the Tesla network. Now he finally is smacked in the face with Chinese EVs. Good luck Jim because you will need it!
Indeed they do, they are generally working only with yes-men who don't care about the truth because they need only a few years of bonuses at the highest levels and they are set for life. Ford is doing the same mistakes like all giants who had fallen: Kodak, Nokia, IBM, etc
Yes, they do. Now consider how our politicians live.
@@TheBooban very, very true!
I’m thinking the west should copy the Chinese policy and require them to form joint ventures to gain access.
@@taylorc2542 yep, the ones that will survive will join the Chinese. Or just copy Tesla.
FORD = Fixed Or Recalled Daily
Ford only manufactures pickup trucks in Thailand. Ford has left the Philippines and India.
You can't a Ford it
Ford used to sell a car called the Ikon in India. It had an electric radiator fan that when it came on emitted a loud high-pitched scream, louder than anything else on the car except the hooter, that did not exactly give an impression of quality and refinement.
@@cedriclynchjai hind,
He JUST went to China ….holy procrastination Batman 😂😂😂😂….
Before joining Ford in November 2007, Farley was group vice president and general manager of Lexus. Do you think he never went to China at least on holiday when he lived right next door?
@@callmebigpapano he did not. As the Japanese look down on the Chinese
@@denisdaly1708 Ok that is plausible as they may have seen it as some sort of an insult.
@@denisdaly1708 He undoubtedly went to China. Toyota had (and still has) car factories in China, although Lexus are manufactured elsewhere and imported into China.
@@callmebigpapa75 % of Americans have never gone to Canada or Mexico..😂
They have never left the states once...😂
Legacy auto is toast & they know it, Get over it. They've kicked the EV can down the road for years, even lobbying their respective governments against it.
Why should the EU motorist suffer paying more for a much better specced Chinese BEV because of sanctions that these legacy automakers & governments have brought about.
the whole system feels like it's rigged.
Tariffs will protect the legacy group in the US and Europe for a few years, but in the long run, this will retard their progress in automotive technology and manufacturing. The legacy group isn't taking the challenge seriously. Pulling political levers, they have convinced lawmakers that protectionism is the best course and that EVs are not ready for US and European markets. Their solution is hybrids. In the meantime, the Chinese manufacturers will gobble up international markets for EVs. Legacy companies will disappear in China and become less of a global factor. Chinese EVs are showing themselves to be better than what legacy manufacturers are selling. They are more affordable and include features like self-driving and amazing sound systems considered premium in the US. Meanwhile, traditional car manufacturers respond by selling the same old stuff as the Chinese improve their manufacturing and software systems, aiming to lead the world in EVs. Protectionism will work in the short term, but in the long run, nothing they are offering can effectively compete with what China is producing.
The "protectionism" is more about geopolitics than economics or even the environment. We're not going let the CCP Trojan Horse us with a bunch of dirt-cheap (thanks to government subsidies) electrics. We made that mistake once and we're never making it again. THAT's what this is all about.
The USA Needs to spend more money on technological Innovation and lowering the cost of college instead of fighting useless wars. They're really wasting our taxpayers money.
Kind of. Lowering the cost of college to churn out a bunch of gender studies majors. China doesn’t have that going on.
@@phil3924 us is heading dead end
That's just it the word INNOVATION in the United States government and industry the word innovation is a very bad word it means in our cutthroat capitalistic system innovation means competition in competition means that each company has to build its better mousetrap than the other that keeps costs down that satisfies a lot of consumers with innovative new products but instead we have a system where the government subsidizes old technology such as fossil fuels and gas at the expense of the overlords of those companies that depend upon those energy sources 🤪🤪💀☠️ that's the reason why United States companies are losing a good analogy is that we're still using diesel locomotives while the Chinese are using high-speed electromagnetic super trains.!!
Lower the cost of cars is a must to compete
Yea I agree. Have you guys seen the price of new mid range normal vehicles these days? It's fucking insane. Like 30-50k.
The Chinese Market has been turned upside now in the last 5 years. You would not believe the changes to EVs here in China. My brothers live in the US and my kids work for Stellantis and Tesla. I worked 5 years at Chrysler, 3 years at Ford, and 30 years at GM. Now I work in China. Chinese EV's are for real. Beautiful and with a good price. My favorite now is the BYD Denza Z0 GT.
US big 3 car maker should focus on $20k to $30k EV cars & SUV and $35k to $45k trucks (similar to Ford Ranger)
The big 3 can't make an EV for $50k.
EVs are unprofitable for the legacy car companies as their organisations are totally structured around petrol cars. This is why legacy auto EVs are overpriced, uncompetitive and obsolete. Legacy auto cannot develop and produce EVs in a competitive manner. They never will.
@@bobwallace9753 GM is doing just fine enough in China, but they now need to focus on N American and Europe, and if Stellantis can get its stuff together with its JV with Leapmotor, they'll be fine. Ford, sadly, is rudderless.
@@yojoe4830
GM is not at all doing fine in China. Their ICEV sales are drying up. GM is a partial owner of a Chinese EV manufacturer and that company is doing OK.
I don't see how most legacy companies make it through the transition to EVs. They can't yet make profitable EVs, they need profits from ICEVs to pay their enormous debt and stay in business. If they started selling low/no profit EVs they would lose profitable ICEV sales.
What we are watching is new companies making EVs and taking market share away from legacy companies. As legacy sells fewer ICEVs it becomes more expensive to manufacture ICEVs (economies of scale). Higher cost to produce ICEVs means less profit and/or lower sales. Less earned profit leads to bankruptcy.
@@bobwallace9753 No but they have next generation (for the US) EVs with their Joint Ventures with SAIC and Wuling. They're planning the Proxima platform. Their EVs they have on the American market now and by 2026 are selling and get great reviews. They are in a MUCH better position to transition away from ICE than the other two "Big Three" and, oddly, better positioned than the Japanese.
I'm not saying that Tesla is doing badly, but they're losing to Chinese brands, too. The Chinese want Chinese made cars, and who can blame them? But in the end, GM is cranking out new EVs and Tesla has the same old same old, updating but not changing.
Nice balanced coverage - thanks bro 😉
Chinese internal combustion engine cars are not difficult to get a plate except in big cities SH BJ yes.
Well done China for embracing green technology so quickly. If it was left to legacy auto it would take many decades to get to where we are today, an affordable high quality offering 😊
You do realize that Communist China is the worst polluter on the planet?
They are fugged. Simple as that. And earlier than expected, 2 years earlier. And the boat has sailed, the train has left the station, the rocket has launched. Bye-bye
And it sure looks like the fat ladies sang her song.
I agree. Demographics, the real estate disaster. . . CCP is fucked! Glad I'm here in Eden (all the energy, food and fresh water we could ever want) and separated by over 5000 miles of ocean. Should make some good viewing though. I'll start the popcorn.
China now has critical mass in its EV technology scrum -- a Silicon Valley of automobiles -- Tesla is a key player, of course. Ford, GM, Germans, Japanese missed the boat to enter the scrum... to go toe-to-toe on innovation. Almost certain that 2024 is too late to compete; 2027 or 2032 (!) are absolutely too late.
The West has no confidence in their own engineers being able to compete.
it's possible to catch up, for those willing to work very hard.
@@ChickensAndGardening it looks like western leaders have no confidence in their own technical people so they are resorting to closing their own markets to the owner of the biggest auto market.
@@ChickensAndGardeningYes, hv to work very, very hard to catchup. Tesla & Chinese EVs are having a "blue ocean" market/first mover advantage. Late comers will face "red ocean" market. Financial red ink/intense competition.
Yep, and nowhere to sell them. How's that "Wolf Warrior" diplomacy looking now?
Well done, Sam !
Even in US, domestic brands have been shrinking marketing shares and surviving on overpriced macho trucks.
Not going to lie. The recent step change in EV tech, cost, reliability, features has been coming for over ten years. Still surprising.
I made a decision to defer my ice vehicle upgrade a long time ago.
I think everyone has been surprised by China. The language and cultural Barrier meant we didn’t know what they were doing.
Not so much language barrier but pure arrogance and complacency behind the Western countries across almost all fields.
Add to that the Western Propaganda Media which has been putting down anything that the Chinese do
The fact is that the media refrain from reporting the truth in order to be politically correct.
Maybe check out their real estate market. You don't just sweep something like that (60+% of all citizen's savings) under the rug. And then the upcoming demographic disaster.
@@vichitvideo6041 most of the universities have been bought out by funding. If not by foreign students paying fees, then grants to fund research with ‘friendly’ diplomacy and policy development
Thanks for the content. "The technology ain't there yet." Meanwhile, I replaced the small vans we had in my company to Tesla y long range. Im paying 900cad a month which is less than the gas alone on the fords, then add repairs, which on ford is constant, then the cars price, which is 750 a month. Also something forgotten, a day of the ford in the shop is money lost because the car didn't work. My employee still got paid... So according to my accountant. Im saving a lot. If only tesla built vans... The ford e van 200 km range is a problem for me.
I like Jim Farley. I did not know he was related to Chris Farley or that he was born in Argentina. Cool. I like the MachE but it's too expensive. I only paid $38K for my Ioniq6 in North Carolina.
Yes, I have a lot of time for Jim Farley too.He really gets it, but he's just hamstrung.By the unions , I guess
MachE in China costs 28k usd. Still...nobody buys it because model3 is same price.
wrgg
@@GallAnonim-jx2cz Good price. Understood. In the USA, EV model choices are very limited.
@@ouethojlkjn Don't blame the union for crap management. They missed the boat ten years ago. Any business that can't afford to pay a decent wage doesn't deserve to be in business.
Glad your channel keeps growing. Keep it up
Thanks, will do!
What happened to the western "values" of free market competition and the best rises to the top? It was all BS.
It indeed is bs.
USA loss😂
They should ship them from Mexico to the Europe to. The Chinese EVs are just amazing and would sell very well in Europe.
Texas charges over 3x the price to register an EV compared to combustion engine cars 😢
About Xiaomi, The owner Lei Jun has invested in many EV vehicle companies like Nio and XPeng. And close to 100 companies in the EV car field in the past 5 years before they made the Su7. I think they are familiar with the EV car field and did a lot of preparation.
USA needs to put the pedal to the metal and get busy. Chinese are not fooling around. They get to business.
Ford and GM were too slow adopting EV's. If BYD, Hyundai, Kia, and Tesla put them out of business, they brought it on themselves.
Koreans quick to EV adapt, but they have had battery manufacturing experience. Battery manufacturing is too dirty business for USA.
Most lead acid batteries now made outside USA. Fossil fuel, mining, chip and solar cells production ... all too dirty businesses for USA EPA.
@@cliffweinan3907 Uh, we're the No.1 energy producer in the world. Clearly, fossil fuels are NOT too dirty for us.
watch the documentary GM killed the electric car. GM could today be the King of Kings of car makers but thei failed.
@@AryehAkov they've failed on multiple fronts for decades. Toyota is the best American car maker now.
It would be like the president of Kodak in 1990 getting a glimpse at the digital imaging world of 2020.
We tried to warn the legacy carmakers. For more than 10 years, we tried to warn them. Now they will pay a terrible price for their hubris.
Lower the price of EVs to $15,000 in the U.S. and sales will skyrocket. In China, quality BYD EVs now cost $10,000.
And pay the 'fat cats' (CEOs) a 'paltry' six millions a year instead of 10 million+? You want them to starve?
The 10k vehicle can't be sold in the USA and never will be. 15k is not realistic either because a US dollar has little value.
The charging network will still suck.
@@snookmeister55huh!?
@@alex.velasco he means inflation from money printing, Biden's (and Harris if she gets elected) favorite activity.
You sell a car and get 10k, then next year that 10k is worth 9k, the year after that 8k
Legacy auto thought it would be smarter to take kickbacks from oil companies than create a foundation for competing in future markets.
It has been expensive to get a license plate for a conbustion car because of pollution, been like that for 2 decades already.
I thought China was still producing ICE vehicles, but most were being exported. Russia and the Central Asian countries (the "-stans" as they are sometimes nicknamed) have significant markets for them as does the whole African continent.
2 decades of chinese bs lies.
@@BACA01Nice try, troll.
@@BACA01 There's no air pollution in China? What are you trying to say? Please make sense.🤣
They don't care about the pollution, their air, soil, rivers and lakes are all polluted. This are bs lies he's talknig about license plates. They imposed tax on ice licence plates only to ban ice cars when they started producing EV to screw all the other car makers, because they have like 5x advantage in costs producing EVs and their companies get all the resources below the market
NIO is the #1 EV only manufacturer in China.
Their battery swap business model is the future. Tesla model Y, under pressure from NIO Onvo L60 for best seller from here on in
The electronic in US cars, the digital experience, is very far behind the brands in east asia.
That would be a plus in my book. The less electronics, the better.
Just more crap to break.
Great video as always keep up the great work!
What scared him is that he saw Chinas ability to produce an electric vehicle for 20k or less. Electrification.
Don't be scared.....be happy! They can help saving our planet !
Lets get back to basic: Everybody is talking money and very few persons are talking why we need EV's! If a fair competition can help us save our planet: THAT IS WHAT WE NEED !
@jeanyvesdionne183 Agreed totally.
@@jeanyvesdionne183 spot on
I just bought a BYD M6 for $30K USD in my country. Very good deal. Best car for the price. Really no brainer.
Western goverments: Consumers please pay more to support the local auto industry.
BTW, I worked with the heroic efforts of Australian auto industry to compete, but we, the Japanese, kicked their buts too, even while trying to help them to compete against us.
Best video you've done that I've watched.
Disruption is a good word but the auto makers have milked their inertia for decades
Outstanding video,man. Love this piece ❤
The American Automobile industry had made mistake after mistake going back to the early 1970's and that is not going to change now. Their investment into DEI looks like the final mistake and they will be out of business in just a few years.
This format is way superior.
They don't make the Xaomi SU7 in 57 seconds, rather 57 sec is the station time of the production line. You need to multiply the number of stations by the station time for the time taken to build the car.
1516 car a day
😂That is how industry measure production pace. Your most time consumption station. That is your production pace. And that is how long you pump out a product.
they make 40 an hour thats 1 every 90 seconds, if they run 2 shifts of 7 hours each thats 560 a day so 2,800 a week so 140,000 a year. Ford makes 60,000 a year, ooops!! Cybertruck now ramped up to 2,000 a week and going higher.. They are selling for $40-50,000 in China, currently at a loss.
The interiors of the Chinese cars make Teslas look cheap even by Kia standards.
@@softwarephil1709 Kia cost more as does BMW. Most Chinese currently selling at a loss and have Government subsidies. Tesla have always had mid range quality interiors, it´s not stopped the model Y being the best selling car in the world, not just the best selling BEV car but the best selling car outright with a 65% customer brand loyalty. Plus the model Y is now an old model but still has fantastic sales.
You can criticise Tesla as much as you like but the paying public disagree with you overall.
Thank you make a great video mate.
US car makers are not world class car makers any more.
You have the WRONG Farley at 17:52. 🤣🤣🤣
The US auto CEOs are either clueless or they're in denial. Farley took an electric F-150 with a trailer on a road trip and found out the actual range is less than 100 miles.
That is not what they found out, they found charging infrastructure was lacking aside from supercharger from Tesla. Hence lead to the charging partnerships.
@@nguyep4 I didn't mention the obvious lack of infrastructure.
GREAT INFORMATIVE VIDEO 👍 🥰
Seems like Ford is doing all the talking. Where is GM and Mary Barra? She seems to extremely quiet these days.
Her words : Auto market in China is a race to the bottom and GM is restructuring with Chinese partner SAIC.
GM still losing money in China.
she's a serial liar and a failure
Kodak!
twu905 • She has to enjoy her multi-million salary.
So, she fully enjoys it, and from time to time she comes down to the poor earthlings to tell them old and new stupidities about the car industry.
You got the story from WSJ today, which I also read.
U.S. needs to incentivize it's own new industries, not prop up the dying fossil fuels companies by charging ridiculous tariffs on foreign imports.
We found out that protectionism doesn't work, way back in the 1970's.
Our cars were trash and it took the Japanese to show us how to build good cars and compete.
The USA does, with a $7,500 federal tax credit for buying a domestically sourced EV! But there's so much anti-EV fossil-fuel-funded garbage flooding the media, and car companies and their crummy dealers don't market the benefits of EVs.
New companies, GM just steal the money.
And now the Japanese and Korean companies are virtually American car companies anyway. Toyota has been in NASCAR for over 20 years now and all employ thousands of US autoworkers. Throw in the aging crisis in both countries and you can expect that number to continue to rise. Might even get to a point where most Japanese cars are actually made in the USA.
Watching you for four years now. Every time. Thankyou Aussie. Jim. Farley has begun eating too much. Ford GM, Chrysler and others invested big in Japanese car makers. Car carriers then were defunct USN aircraft carriers. Container ships returning from Vietnam, discounted fees to carry Taiwanese and Japanese goods to North American markets.
Funny how Chinese car companies copied Tesla faster than American car companies copying Tesla when Tesla started in America.
Not the first time US companies have been too entrenched in their ways. Prof. Demin from the US taught Japanese manufactures about quality and US manufactures would not give him the time of day. That resulted in Nissan, Toyota, and Honda cars taking over the market in the 80s.
In the end the Chinese BYD made a better battery than Tesla. Tesla is using their Blade battery as we speak. The student have surpassed its sensei.
As the old folks used to say, “Honesty is the best policy”!
But politics pays better. SAD!
When getting out capitalized... Resort to cheating... Smh 😂
It's the Republican way in everything
@@larryc1616 ... Bidens administration is pushing sanctions and tarrifs that only keep back firing. US was investing trillions in war for the last two decades... While China was investing in manufacturing. Corporate America made record breaking profits year after year. Cashing in the slave wages of other countries. Now they can't create jobs in the US without taking losses. 😂 Idiots.
For years people in the tech industry have predicted that one day cars will be like PC. We will see newer, cheaper and better cars every year. This day has arrived.
Most of the CEOs are con artist just like Our politicians😅
Very informative
15:45 How big are these 600kw chargers?
A US co called Gravity has a 500kw that is... 18" x 8"!!
You had me at fragrance diffuser
Big auto is like a person with fingers in their ears going la. la. la.
what's good for the goose is good for the gander
idiom
US
-used to say that one person or situation should be treated the same way that another person or situation is treated
They need to start making batteries or become reliant on a battery supplier. Being reliant on a battery supplier decreases their chances of being cost competitive.
Legacy Auto days are number, the transistion to EVs is happening much faster than they imagined.
It's actually not. EV sales are down across the board.
The reason EV sales have slumped in most of Europe: the infrastructure is not in place. Extremely large numbers of drivers cannot charge at home. Those that can can only charge one EV at a time. Public charging is more expensive than equivalent petrol/diesel per mile/km. Subsidies are being withdrawn. The average consumer cannot afford the high cost of purchase/lease of most legacy brands. Range is still an issue with some EV models. They are as emotionally aspirational as buying a Dyson vacuum cleaner.
Nice video
!!!PRICE!!!😢
I live in Texas, I see Tesla’s everywhere. EV sales in general might be slow, but not Tesla’s, they are the hot item in Texas!
If an automaker is not prototyping casting fronts and butts *right now* they will likely not be making cars in 10 years, or less.
Bmw started