I’ve been driving a Hilux for 5 years which has been a great truck, but am sick of waiting for the new model to come out and need to upgrade as kms getting high, so I’m seriously looking at buying one of these BYD Sharks..
BYD is very likely making a profit on the shark. Its latest gross margin on cars is 25%, but they spend like crazy on r&d and expansion. I wish this were available for 40k in the states. I will grab one right away, even though i am never fond of pickups.
"Its latest gross margin on cars is 25%" Off the books the CCP is paying them and giving them free land, electricity, labour. Anyone can make a profit on the books, the real trick is to make an economic profit. This is why they sell more than Tesla and the market cap is 10% of Tesla. You can't fool the market as to your real margin.
Also engineering and research are cheap in China (their salary is much higher than normal workers there, but still less than in western world). It's an increasing trend that the capitalists do R&D in China, carries out manufacturing there, and have a team in Europe just for sale and market research.
Welcome to the dirty dark side of PHEVs. ! My wife just ordered a BYD Seal U twin motor SUV PHEV, now on 3 month back order. It seems to have similar equipment and performance to the Shark. The Vehicle to Load performance is also remarkable. The continuous 230V output on the Seal is around 3.5KW. When the battery is discharged to 20% the engine will automatically recharge it. In a power outage this car can silently generate power for a week. A silent generator to do the same would cost thousands, and won’t do 0-60 in 5.9 seconds! p.s. Charge a PHEV from solar, drive locally and they’re greener than charging an EV off grid in the UK 😊.
PHEV charged on solar is not as green as an EV charged on solar, especially if either is ever driven beyond a local area. Get off of the gas. Most people can, and millions already have.
Talked to a few tradies. They can't wait to get out from under high fuel costs. They are also keen to get V2L, goodbye Honda Genset. What they are looking for is good basic vehicle, cheap to operate.
If they are going to tow a trailer and have a decent amount of payload then fuel will always be a factor for them. I think there are going to be some "not as advertised regrets" once they realise that they can't can't carry a decent payload and tow and use the V2L using the EV mode without using fuel. Not going to happen.
Great news. I don't think US and Canada are serious about climate change because they talk tariffs on Chinese imports to protect their own auto industries. We need cheep transportation that is clean over here.
The BYD shark drives purely on the electric motors. The gasoline motor is purely used as a generator. That also means it does not add horsepower to the driveline. No worries though, the electric motors deliver more than sufficient power
@@fatdoi003 Not correct. both front and back are Electric motors. The actual driving is electric. The gasoline motor is in no way attached to the drivetrain. just a generator. This is different from other PHEV's
BYD definitely made a profit selling Shark. If BYD sells Shark in China, its price will definitely be less than $30,000, because the Leopard 5, which is more luxurious, more powerful, more off-road, and has a longer range than Shark, starts at $33,000. But unfortunately, Chinese cities strictly restrict pickups from entering urban areas, so BYD does not sell Shark in China now.
Byd is a profitable company they are definitely not selling the Shark at a loss, specially because of the way they are manufacturing it with all those robots
Yea, that doesn't make sense. They don't have to sell at a loss because their low input and high production efficiency will keep costs far below their competitors. A truck is not some sort of loss leader like a console. No way they will just burn money like that. The whole point of BYD being a threat to traditional car makers is that they can make everything cheaper and yet higher quality and loaded with features that customers want. It's like what the Ford CEO said, it's an "extinction event" for them.
@@orionbetelgeuse1937clever as you are, why don’t you ask yourself these questions: who you are? What did you do for the Chinese government which makes it willing to pay for you?
Just a few things the shark and the raptor have the same power to weight. So, no, it's not way more powerful. What tech is new. Well neither vehicle has anything that's particularly new. But what technology does the raptor have that's better? 1 suspension no question. 2 traction control and other offroad gear like locking rear diff. Traction control was shown to be pretty bad at the aus presser event. 3 gears. The ranger has them and thus can climb a 45 degree hill (like literally every single 4x4). While byd only rates shark to climb 32 degree hill. What you could also see at the presser is shark struggled get enough torque to the rear axle. If byd release a model with 2 speed rear axle and locker id be keen to buy.
We know already that a 3.5 t towing capacity Shark is coming. It will have the 2 ltr turbo motor and hopefully the 505 kw drivetrain.. it will be a beast.
I don't think this is even near their cost. This is essentially a repackaged Leopard 5 with is selling at about the same price in China. Leopard 5 is considered a premium brand in China. So there should be enough margin to cover the shipping cost to australia
What you call below cost is actually cutting profit. What you think is impossible applies to Western manufacturers, not to a totally vertically integrated company. No company would sell anything below cost because it wouldn't take long to go bankrupt. Fierce competition would cut profit, but no company is going to sell below profit because that is equivalent to suicide. To say selling below cost is falling to the Western propaganda of accusing China of government subsidy. Chinese EVs are already below Western EV prices. There is no need to subsidize and make the selling price even lower, especially at a loss.
Exactly! Ford's Ranger is probably their most profitable vehicle...until now. BYD's vertical integration makes them very cost efficient. It will be great for consumers.
This is not strictly correct, they could choose to sell this car below cost, knowing they are making money elsewhere in their range of vehicles. Yes they are vertically integrated and their vehicles content is about 60% inhouse compared to 30% industry averages but it doesn't mean they are making money on this vehicle, like Sam you don't know.
I bought an outlander PHEV, fantastic vehicle. I can get 80 kms from battery alone, can charge it off a standard 10amp plug at home. I told the Mitsubishi dealer that as soon as they do a dual cab PHEV I’d have my hand up for one. Sure is going to be hard to hold out now though. Shark attack.
اعتقد هذه السيارة ستكون مفيدة جداً خصتا في المناطق التى تعانى من ضعف البنية التحتية و من قله إنتشار محطات الشحن السريع التى لا تسمح بانتشار السيارات الكهربائية هذه السيارة تساعد على تقليل استهلاك الوقود الباهظ الثمن في اغلب أنحاء العالم وتقليل الانبعاثات بشكل كبير
I think the all in cost for this vehicle could not be more than $AU65k. There is a possibility it is being sold at cost. That is not predatory pricing or dumping.
Bought one also. Can’t wait. Don’t really care what the haters think. It’s worth giving it a go at that price IMO. the other brands are just taking the piss now.
Why wasn't Cybertruck on your list of companies who ought to be terrified of the Shark? Cybertruck is never going to be deliberately sold below cost because that's not the way Elon Musk works. There are so many people who will never by the awful Cybertruck, but they want a modern, economical, truck with a fantastic range and the benefits of an EV.
Honestly, I would say its probably at the edge of what it costs to make, but then, uses their old tech battery which has bottomed out in value, uses a tiny engine, and electric motors which has also bottomed out in value. Everything else is mass produced parts from their other cars. And if you have configured one on the website, they have plenty of options to include, So my guess is that they are hoping to recoup the cost from those accessories. Adding options is a new frontier for BYD in australia. They are experimenting with that business model. Their other cars came properly equipped from the get go. Why the change? Its because a Ute is that important of a market for them to nail the price right from the beginning.
The whole of China operates at a loss. They take most of the proceeds of exports and invest them into US bonds to keep their currency low. That is how they compete. That is why they must work 996 to rent a two bedroom flat over 99 years.
@@michaelnurse9089 but currently, Japan holds the largest share of US bonds, and China has reduced to half from the peak, which is a simliar amount of UK. Can you plz explain this fact with your theory?
@@michaelnurse9089 If you hadn't noticed, they have been selling US bonds for over 2 years now. If you're so out of touch with reality, young Aussies are working day and night to afford rent in shoeboxes as well. and if they operates at a loss how is their trade surplus at over 800 billion in 2023.. People need to wake up and compete, not dismiss and shit talk your competitors while sitting back, sipping some wine and wait for them to collapse. The fact that they hadn't collapse for all these years should be a big wake up call for the legacy manufacturers.
For the Australian market, I think it's the Triton, D-Max, BT50, LDV T60, JAC T9, and KGM Musso that should be REALLY worried. Yes it'll impact some sales from Hilux and Ranger, but the others mentioned have the REAL problem.
The flip side is you have been ripped off by Ford and Toyota… and this is the new watermark. Great news BYD. Now, if only you can rid of EVdirect and give us better value and service. This market is yours.
It's also going to be about reliability and parts availability around Australia. If they can nail that it would be a good start, you didn't want to wait 8 weeks to get a issue fixed as the buyer would be tradesmen or people going around Australia. Stuff like insurance, towing capacity, payload and 4x4 will play apart in it.
When the Japanese and South Koreans first started selling cars in Australia people worried about the same things , when it comes to the Chinese time will tell if they are good vehicles . I assume that the Chinese are not dumb and know people will not accept second rate vehicles and customer service .
People who don't know about China don't know anything about the cost of living there. The cost of living in China is less than 25% of that in USA and other countries in the West. Most homeowners in China don't have mortgages and property tax, hundreds of millions of people were given free homes during the Mao communist era. Corporations such as BYD get free land use, special low tax rates and utility rates. There are no unions to extort money from BYD. Even if BYD sells its cars half of the prices in USA and other countries in the West, it still makes a lot of profit. Stop looking through your own limited view from outside, you need to live as an average working class person in China, or involved with the manufacturing business in China to know what's really going on. Simply viewing something you know little about from far away doesn't tell you the real situation.
Another aspect that is rarely known: in Europe, the government has to spend increasingly a large amount on pension and healthcare. No politicians dare say: we need more R&D, thus, reducing funding for pension/healthcare. But in China, Chinese government allocates funding in these areas "appropriately", and reserves a big chunk for R&D and subsidies for e.g. EV, and NO ONE can complain. In short, life in Europe may be good at first, but will lose out in the long term.
Unless of course you didn't buy a home within the last 20 years, because anyone who bought after that paid top dollar for a tarpaper shack and now has massive negative equity because they cost 50x the average annual salary and they're all falling apart and the builders and their banks almost all went bankrupt. And of course let us not forget that a foreigner CANNOT buy a home there.
We assume BYD is making a loss due yo the heavily over inflated prices of other cars. Its possible they are even or slight profit and ford is just milking us for everything we are worth.
yes Sam, this is also a question mark in my mind a well quality build Ute only cost 40k USD Did u notice Cadillac Lyriq price? 120k AUD What happen to byd?
How do you know its below cost?? I dont find $57,000 unrealistic for a Chinese made thing. I mean "premium" utes sell for 70K mark, why is a Chinese made ute for 13K less so unrealistic? If it is below cost then fine but I havent seen any proof.
All governments had to support & assistance in the green transition. We are supposed to get some funds (carbon) from the government to replace or scrape the fossil fuels auto.
@@Sulu-d4r I brought a GWM half year ago. If they would offer 3.5t, I would wait for the availability for Shark. Without that rating, it is not possible to tow an excavator from Kennards for example.
Of course BYD does not seem overly cheap in Europe. 30% tariff will do that. As to selling below cost in Australia - really? That may be the case but I'd prefer something more solid than just your claim on this.
It’s not comparable to any Ute. It’s not even close I could not use this for my job here in Aus. Would not even be close to cutting it on the old boys farm
Mmm i have flashbacks to any Chinese made ICE engine, mostly generators. But considering most will never go offroad and will be used to pick up the kids , i see zero point apart from some camping flex going down. Image and inefficiency over function is rife. sorry id be staying well clear, love evs hate hybrids.
You forgot to mention that it is way behind the competition when it comes to carrying and towing capacity. It can only carry 790kg and tow 2500kg, not very impressive where it counts when chosing a ute.
Well let's see, any tradie that rows a mini excavator(see plenty of those behind Hilux,s), anyone who does a decent size caravan( see plenty of those behind Rangers) and anyone with a decent size boat( see plenty of those behind all utes)!
why would byd sells it below cost? have you ever thought that it's just ford & toyota been ripping you off all these time by giving you expensive rubbish?
BYD have 10 year warranty in Europe, I don’t give a damn even if their engine got blown. I wonder how many year warranty your conventional brand dare to give.
@ Im not talking about that, I’m talking about parts availability. I have a Citroen in a garage here, with a broken drivers window. We can’t get one for two weeks through Citroen in the UK. That means the car is off the road for that time… Not convenient. So how will the likes of BYD manage? Im looking for information not a defence of any company.
@@Chrislayeruk1 I feel you, the parts supply can be a headache, especially if you want to find an aftermarket one rather than go to the dealer. I do wish there will be more aftermarket parts dealer who can supply cheap parts from China apart from the dealer. Car parts prices in dealer is ridiculous, my previous BMW air suspension pump cost £1k from dealer with on year warranty, I got it on eBay from a Chinese supplier for £150 with 2 years warranty, the LED headlight control circuit board cost £900 in dealer, £30 from Chinese supplier. The dealer is too damn greedy.
90% of people don't tow over 2500kg, so it will be fine for the majority of the market. If you have towed 3500kg, you need a large vehicle to prevent steering issues as the front wheels lift. Some vehicles can do it safely, but it will sell well since most don't need this. The 790kg on vehicle load will also be fine as most don't max it out in everyday use.
Sure, the petrol engine kicks in when the battery gets low, acting as a generator to charge the battery. Essentially it becomes a range extender. You can adjust how low you want the battery to go before the engine/generator kicks in. You could set it at 50%, or go as low as 15% (I think that's the lowest).
Why do EV fansboys always try and make ICE users feel guilty about not going fully EV. There are no EV alternatives that can tow anything above 2.2T, go off road and still provide a workable range. The Shark PHEV is going to be no different when towing as its range will be significantly reduced.
These pickups aren’t selling in Western markets like the USA or Europe-that’s the reality. They may find some buyers in developing countries, but people will eventually see their limitations. Chinese customer service is terrible, local mechanics often refuse to work on them, warranties are unreliable, and replacement parts are difficult-if not impossible-to find. Many buyers end up losing around $20,000, only to need a Western-made car after their Chinese vehicle becomes unusable. Be aware-I’ve warned you.
I have been driving a BYD for 2 years and spent nil on repairs, nada. Charge from roof solar panels, cost nil. The future is here, it is just not evenly distributed.
Massive overcapacity in China. Not only cars but in almost everything they manufacture. They are dumping the goods 30% of Chinese companies are making a loss.
Hmm so you forgot to mention how this impacts Tesla Cybertruck Sam ? Very quick to talk about the correct impact this will have on Ford and Toyota but this is BYD taking on the truck market - and Teslas take on truck market has been a shambolic i would say colossal failure - 5 recalls , and remember the launch price for cyber truck - you got it 39000 USD - what a coincidence - tesla actually sell them at nearer 100000 but BYD just went ‘hold my beer’ and showed how to launch into a new segment properly with a product offering that smashes it - i think you are being wayyyy too soft of Tesla - they took their eye off the ball with cybertruck and BYD are going to smash them in this segment - why no mention of Tesla poor strategy ?? I think Cybertruck will eventually be seen as the worst business mistake Tesla made….BYD have a much more coherent strategy by the looks of it, I wouldn’t be so quick to assume the profit and loss projections - their economies of scale are incredible at BYD
Wonder how fast it charges. Hybrids are so slow to charge generally. A fast charging 100km range (if that includes at least half on the open road) this would work for me.
Communism is a completely different business model, profit is not the motivation. Break even or loss is ok if it means domestic employment, face saving and disrupting the western model.
Once you vertically integrate the marginal cost on each unit falls pretty quickly. The marginal cost could be likely half what they are selling it for retail. You need to get out of the western mindset, where everything has been regulated and rent optimized to the point that the raw naterial input costs pale into insignificance relative to the opex overhead. Chinese market cost being half of the western market is pretty normal for a lot of stuff. The Chinese government supports the manufacturing sector, vs the west where the government hinders most manufacturing at scale.
Bought one, can't wait for delivery. I have driven Hilux vehicles for decades, this is my last!
good luck with that.
Is there a tariff now? What's the rate at which you are buying?
Wow, congratulations🎉
When is the delivery date of yours?
Hiluxe, most overrted ute ever made!!
I’ve been driving a Hilux for 5 years which has been a great truck, but am sick of waiting for the new model to come out and need to upgrade as kms getting high, so I’m seriously looking at buying one of these BYD Sharks..
BYD is very likely making a profit on the shark. Its latest gross margin on cars is 25%, but they spend like crazy on r&d and expansion. I wish this were available for 40k in the states. I will grab one right away, even though i am never fond of pickups.
"Its latest gross margin on cars is 25%" Off the books the CCP is paying them and giving them free land, electricity, labour. Anyone can make a profit on the books, the real trick is to make an economic profit. This is why they sell more than Tesla and the market cap is 10% of Tesla. You can't fool the market as to your real margin.
Go down south and by one in Mexico
Also engineering and research are cheap in China (their salary is much higher than normal workers there, but still less than in western world). It's an increasing trend that the capitalists do R&D in China, carries out manufacturing there, and have a team in Europe just for sale and market research.
BYD is smashing it outta the park!
We need to allow BYD to bring innovation to the market.
Welcome to the dirty dark side of PHEVs. ! My wife just ordered a BYD Seal U twin motor SUV PHEV, now on 3 month back order. It seems to have similar equipment and performance to the Shark. The Vehicle to Load performance is also remarkable. The continuous 230V output on the Seal is around 3.5KW. When the battery is discharged to 20% the engine will automatically recharge it. In a power outage this car can silently generate power for a week. A silent generator to do the same would cost thousands, and won’t do 0-60 in 5.9 seconds! p.s. Charge a PHEV from solar, drive locally and they’re greener than charging an EV off grid in the UK 😊.
PHEV charged on solar is not as green as an EV charged on solar, especially if either is ever driven beyond a local area.
Get off of the gas. Most people can, and millions already have.
To use this as a silent generator costs thousands too, about $58 000 to be precise!
@@Paul-b2s4j It is clear he means backup power generator.
At cost, maybe. At a loss? I doubt. Volume speaks volume.
With the most vertical integrated manufacturing, I doubt that BYD is making a loss
Talked to a few tradies. They can't wait to get out from under high fuel costs. They are also keen to get V2L, goodbye Honda Genset. What they are looking for is good basic vehicle, cheap to operate.
If they are going to tow a trailer and have a decent amount of payload then fuel will always be a factor for them. I think there are going to be some "not as advertised regrets" once they realise that they can't can't carry a decent payload and tow and use the V2L using the EV mode without using fuel. Not going to happen.
Economy of scale, selling like hot cakes...
Great news. I don't think US and Canada are serious about climate change because they talk tariffs on Chinese imports to protect their own auto industries. We need cheep transportation that is clean over here.
Bring an SUV version of the Shark 6 (aka Everest style) and REALLY hit the ball out of the park!
The BYD shark drives purely on the electric motors. The gasoline motor is purely used as a generator. That also means it does not add horsepower to the driveline. No worries though, the electric motors deliver more than sufficient power
the turbo engine drives the front wheels (170kw), the electric motor drives rear wheels (150kw)..... combine = 320kw
Apparently petrol engine will / can kick in over 70km/hr
@@John-p7i5g Indeed in order to generate electricity to charge the batteries but not to drive the car
@@fatdoi003 Not correct. both front and back are Electric motors. The actual driving is electric. The gasoline motor is in no way attached to the drivetrain. just a generator. This is different from other PHEV's
Yes thats what I understand also.
BYD definitely made a profit selling Shark.
If BYD sells Shark in China, its price will definitely be less than $30,000, because the Leopard 5, which is more luxurious, more powerful, more off-road, and has a longer range than Shark, starts at $33,000. But unfortunately, Chinese cities strictly restrict pickups from entering urban areas, so BYD does not sell Shark in China now.
Byd is a profitable company they are definitely not selling the Shark at a loss, specially because of the way they are manufacturing it with all those robots
🤣🤣 they are not selling at a loss because the state pays the difference
Yea, that doesn't make sense. They don't have to sell at a loss because their low input and high production efficiency will keep costs far below their competitors. A truck is not some sort of loss leader like a console. No way they will just burn money like that. The whole point of BYD being a threat to traditional car makers is that they can make everything cheaper and yet higher quality and loaded with features that customers want. It's like what the Ford CEO said, it's an "extinction event" for them.
i'd say they're break even....
@@orionbetelgeuse1937clever as you are, why don’t you ask yourself these questions: who you are? What did you do for the Chinese government which makes it willing to pay for you?
@@orionbetelgeuse1937 why would Chinese government pay for you to make Chinese suffer and benefit you ?
I'm waiting for the Leopard 5... 120km EV range, 1200km combined range, 0 -100km/hr in 4.8s, towing 2.5 tonne
en.wikipedia.org/wiki/Fangchengbao_Bao_5
There's no confirmation of the Fang Chang Bao vehicles in Australia even for 2025. It might be years away or never
I am waiting for Bao 8.
Just a few things the shark and the raptor have the same power to weight. So, no, it's not way more powerful.
What tech is new. Well neither vehicle has anything that's particularly new. But what technology does the raptor have that's better?
1 suspension no question.
2 traction control and other offroad gear like locking rear diff. Traction control was shown to be pretty bad at the aus presser event.
3 gears. The ranger has them and thus can climb a 45 degree hill (like literally every single 4x4). While byd only rates shark to climb 32 degree hill. What you could also see at the presser is shark struggled get enough torque to the rear axle.
If byd release a model with 2 speed rear axle and locker id be keen to buy.
We know already that a 3.5 t towing capacity Shark is coming. It will have the 2 ltr turbo motor and hopefully the 505 kw drivetrain.. it will be a beast.
I don't think this is even near their cost. This is essentially a repackaged Leopard 5 with is selling at about the same price in China. Leopard 5 is considered a premium brand in China. So there should be enough margin to cover the shipping cost to australia
Leopard 5 is more luxurious, more powerful, more off-road, and has a longer range than Shark,
What you call below cost is actually cutting profit. What you think is impossible applies to Western manufacturers, not to a totally vertically integrated company. No company would sell anything below cost because it wouldn't take long to go bankrupt. Fierce competition would cut profit, but no company is going to sell below profit because that is equivalent to suicide. To say selling below cost is falling to the Western propaganda of accusing China of government subsidy. Chinese EVs are already below Western EV prices. There is no need to subsidize and make the selling price even lower, especially at a loss.
Exactly! Ford's Ranger is probably their most profitable vehicle...until now. BYD's vertical integration makes them very cost efficient. It will be great for consumers.
This is not strictly correct, they could choose to sell this car below cost, knowing they are making money elsewhere in their range of vehicles. Yes they are vertically integrated and their vehicles content is about 60% inhouse compared to 30% industry averages but it doesn't mean they are making money on this vehicle, like Sam you don't know.
Ford Rangers are so popular in New Zealand. It will be interesting to see how this changes when the BYD Shark comes out.
They can only take market share if they send stock
Just bought 5!!!
I bought an outlander PHEV, fantastic vehicle. I can get 80 kms from battery alone, can charge it off a standard 10amp plug at home. I told the Mitsubishi dealer that as soon as they do a dual cab PHEV I’d have my hand up for one. Sure is going to be hard to hold out now though. Shark attack.
Shark is similar in structure to Outlander PHEV, with better performance. It's called convergent evolution.
اعتقد هذه السيارة ستكون مفيدة جداً
خصتا في المناطق التى تعانى من ضعف البنية التحتية و من قله إنتشار محطات الشحن السريع التى لا تسمح بانتشار السيارات الكهربائية
هذه السيارة تساعد على تقليل استهلاك الوقود الباهظ الثمن في اغلب أنحاء العالم
وتقليل الانبعاثات بشكل كبير
I think the all in cost for this vehicle could not be more than $AU65k. There is a possibility it is being sold at cost. That is not predatory pricing or dumping.
Please keep on featuring plug-in hybrids. Especially ones with V2L 👍
Bought one also. Can’t wait. Don’t really care what the haters think. It’s worth giving it a go at that price IMO. the other brands are just taking the piss now.
Wish they had a 2 door. It’s a big Ute!
How do you not know it is well below cost?
How do you not not know it is well below cost?
@@michaelnurse9089coz he made the claim??
What is terrifying for the Americans is how competitive it is even with their colossal import Tarriffs.
Funny, isn't it.
Would need to do 200% tariff, but not a good idea.
Why wasn't Cybertruck on your list of companies who ought to be terrified of the Shark? Cybertruck is never going to be deliberately sold below cost because that's not the way Elon Musk works. There are so many people who will never by the awful Cybertruck, but they want a modern, economical, truck with a fantastic range and the benefits of an EV.
Cybertruck is pretty much North America only. The Shark will be sold everywhere but North America so very little crossover
how do you know it is well below cost?
Honestly, I would say its probably at the edge of what it costs to make, but then, uses their old tech battery which has bottomed out in value, uses a tiny engine, and electric motors which has also bottomed out in value. Everything else is mass produced parts from their other cars. And if you have configured one on the website, they have plenty of options to include, So my guess is that they are hoping to recoup the cost from those accessories. Adding options is a new frontier for BYD in australia. They are experimenting with that business model. Their other cars came properly equipped from the get go. Why the change? Its because a Ute is that important of a market for them to nail the price right from the beginning.
It is all speculation, but there’s a pretty good chance that we’d been ripped off by the legacy players.
The whole of China operates at a loss. They take most of the proceeds of exports and invest them into US bonds to keep their currency low. That is how they compete. That is why they must work 996 to rent a two bedroom flat over 99 years.
@@michaelnurse9089 but currently, Japan holds the largest share of US bonds, and China has reduced to half from the peak, which is a simliar amount of UK. Can you plz explain this fact with your theory?
@@michaelnurse9089 If you hadn't noticed, they have been selling US bonds for over 2 years now. If you're so out of touch with reality, young Aussies are working day and night to afford rent in shoeboxes as well. and if they operates at a loss how is their trade surplus at over 800 billion in 2023.. People need to wake up and compete, not dismiss and shit talk your competitors while sitting back, sipping some wine and wait for them to collapse. The fact that they hadn't collapse for all these years should be a big wake up call for the legacy manufacturers.
For the Australian market, I think it's the Triton, D-Max, BT50, LDV T60, JAC T9, and KGM Musso that should be REALLY worried. Yes it'll impact some sales from Hilux and Ranger, but the others mentioned have the REAL problem.
The flip side is you have been ripped off by Ford and Toyota… and this is the new watermark.
Great news BYD.
Now, if only you can rid of EVdirect and give us better value and service. This market is yours.
If Rivian and Ford can sell at a loss, why not BYD ?
Rivian and Ford don't want to do that, they simply can't avoid it. It's not the same thing at all.
@@rogerfroud300it is then a smart move😂
@@rogerfroud300BYD is just levelling the playing field with them
The taxpayer must fund the loss. Taxpayers eventually revolt. If the Republicans win you will know that the in the US the taxpayers revolted.
Amazon used to do the same thing
Don't forget One of the executive said its an introductory price. So the price will go up.
It's also going to be about reliability and parts availability around Australia.
If they can nail that it would be a good start, you didn't want to wait 8 weeks to get a issue fixed as the buyer would be tradesmen or people going around Australia.
Stuff like insurance, towing capacity, payload and 4x4 will play apart in it.
When the Japanese and South Koreans first started selling cars in Australia people worried about the same things , when it comes to the Chinese time will tell if they are good vehicles . I assume that the Chinese are not dumb and know people will not accept second rate vehicles and customer service .
People who don't know about China don't know anything about the cost of living there.
The cost of living in China is less than 25% of that in USA and other countries in the West. Most homeowners in China don't have mortgages and property tax, hundreds of millions of people were given free homes during the Mao communist era.
Corporations such as BYD get free land use, special low tax rates and utility rates. There are no unions to extort money from BYD.
Even if BYD sells its cars half of the prices in USA and other countries in the West, it still makes a lot of profit.
Stop looking through your own limited view from outside, you need to live as an average working class person in China, or involved with the manufacturing business in China to know what's really going on. Simply viewing something you know little about from far away doesn't tell you the real situation.
Well said
Another aspect that is rarely known: in Europe, the government has to spend increasingly a large amount on pension and healthcare. No politicians dare say: we need more R&D, thus, reducing funding for pension/healthcare. But in China, Chinese government allocates funding in these areas "appropriately", and reserves a big chunk for R&D and subsidies for e.g. EV, and NO ONE can complain. In short, life in Europe may be good at first, but will lose out in the long term.
China ist the Future of the Global South.
Unless of course you didn't buy a home within the last 20 years, because anyone who bought after that paid top dollar for a tarpaper shack and now has massive negative equity because they cost 50x the average annual salary and they're all falling apart and the builders and their banks almost all went bankrupt.
And of course let us not forget that a foreigner CANNOT buy a home there.
BYD is a listed company there’s no way that they selling below costs 😂
Chinese car manufacturers have been subsidized to the amount of $270 billion so far! That’s the right reason.
THe fossil fuel industry is subsidised to the tune of about $1 trillion pa, about $20 billion pa in Australia with 28 million people.
A user could plug the car in overnight with a granny charger and start off with 100 km of cheap "fuel".
They are not selling at a loss. Im comparisons the other utes are highly inflated. Byd own the whole supply chain which cuts the cost further down.
We assume BYD is making a loss due yo the heavily over inflated prices of other cars. Its possible they are even or slight profit and ford is just milking us for everything we are worth.
......And Toyota, with the Hilux? Milking Australian consumers for decades.
yes Sam, this is also a question mark in my mind
a well quality build Ute only cost 40k USD
Did u notice Cadillac Lyriq price? 120k AUD
What happen to byd?
Wonder if BYD will have one on show in Sydney's EV show next week?, thanks for the free ticket Sam
and wait till BYD gets into hybrid delivery van models.....
They are not selling them at a loss. They are actually sold at cost price. No profit, but no loss.
As soon as Young Tradies get on board it's game over Ford Ranger ...it's like Facebook killing Myspace!!
Raptor has hi-tech FOX suspension. If BYD implement something similar to shark, will kill Raptor as well.
How do you know its below cost?? I dont find $57,000 unrealistic for a Chinese made thing. I mean "premium" utes sell for 70K mark, why is a Chinese made ute for 13K less so unrealistic? If it is below cost then fine but I havent seen any proof.
Lol your problem is your mindset! You are associating Chinese made cars with their toys.
It is only below cost on the basis of Made In USA cost, not Made In China cost.
Hey Sam, Have a great weekend mate.
Ordered a blue one
competitions are good for consumers.
Hate pickups but if people are going to buy them I’d prefer they drive this because a lot of the time they’ll be on batteries
My Volvo have 75 km battery rang, surprisingly this cover 90% of my daily range.
Is there a blade battery in this?
All governments had to support & assistance in the green transition. We are supposed to get some funds (carbon) from the government to replace or scrape the fossil fuels auto.
Just speculation, really. You have no idea what their cost base is. I hope the quality will be up to the mark. Only time will tell.
In China, a worker's salary is only $1000 per month
It shudders me the MAYHEM , college kids gonna do with this vehicle.....😂
They should make the towing rating to be 3.5t.
BYD are apparently already working on that.
They have annouced plans to bring out a model with 3.5t, but currently only have the same tow rating as a Ford Raptor.
@@Sulu-d4r I brought a GWM half year ago. If they would offer 3.5t, I would wait for the availability for Shark. Without that rating, it is not possible to tow an excavator from Kennards for example.
@@XYang2023 Ah I see, fair enough.
Of course BYD does not seem overly cheap in Europe. 30% tariff will do that. As to selling below cost in Australia - really? That may be the case but I'd prefer something more solid than just your claim on this.
isn't selling at a loss to gain market share illegal, sounds like the literal definition of dumping pricing
It's 40000 dollars cheaper.
It's 40000 dollars cheaper.
It's 40000 dollars cheaper.
Okay. That's printed in my brains already. 🚦
Come on, BYD is one scaring Toyota !! Sell well below cost, ahahahahahah
If legacy makes a £50K loss on an ev, why shouldn't byd do the same on one model?
VALUE = everybody wants
Comparable to the ranger platina IMO.
I got bicycle for $60 and it is electric. What features i need more. Those new cars still cost 2 and half kidneys! F that
It’s not comparable to any Ute. It’s not even close I could not use this for my job here in Aus. Would not even be close to cutting it on the old boys farm
I guess in the US you could go to Mexico and buy it and register in Mexico, get your insurance and bring it in the US.
In vocalist South Africa, it will be double that price due to taxes .
About $38K USD, if that’s an on the road price, then sign me up.
Mmm i have flashbacks to any Chinese made ICE engine, mostly generators. But considering most will never go offroad and will be used to pick up the kids , i see zero point apart from some camping flex going down. Image and inefficiency over function is rife. sorry id be staying well clear, love evs hate hybrids.
Yeah tradie would still buy fords it’s because it will be too hard for them to work out a byd lol
You forgot to mention that it is way behind the competition when it comes to carrying and towing capacity.
It can only carry 790kg and tow 2500kg, not very impressive where it counts when chosing a ute.
Question...
How much "Towing" do you or you think 100% of UTE other owner's are doing?
Is
Well let's see, any tradie that rows a mini excavator(see plenty of those behind Hilux,s), anyone who does a decent size caravan( see plenty of those behind Rangers) and anyone with a decent size boat( see plenty of those behind all utes)!
Hybrid is better than plug in hybrid
why would byd sells it below cost? have you ever thought that it's just ford & toyota been ripping you off all these time by giving you expensive rubbish?
It will be interesting to see how these stack up for parts and service back up. Break a window, can you buy the glass… Need a new door handle… etc…
BYD have 10 year warranty in Europe, I don’t give a damn even if their engine got blown. I wonder how many year warranty your conventional brand dare to give.
@ Im not talking about that, I’m talking about parts availability. I have a Citroen in a garage here, with a broken drivers window. We can’t get one for two weeks through Citroen in the UK. That means the car is off the road for that time… Not convenient. So how will the likes of BYD manage? Im looking for information not a defence of any company.
@@Chrislayeruk1 I feel you, the parts supply can be a headache, especially if you want to find an aftermarket one rather than go to the dealer. I do wish there will be more aftermarket parts dealer who can supply cheap parts from China apart from the dealer. Car parts prices in dealer is ridiculous, my previous BMW air suspension pump cost £1k from dealer with on year warranty, I got it on eBay from a Chinese supplier for £150 with 2 years warranty, the LED headlight control circuit board cost £900 in dealer, £30 from Chinese supplier. The dealer is too damn greedy.
@@Chrislayeruk1 Dying brands always have this issue. Rising brands like BYD will have plenty of parts on hand.
@@michaelnurse9089 Yes, also in the UK, Brexit has really screwed us with trade… No longer seamless…
Wonder does it come standard with a towbar?
Yep
After reading comments from South American buyers its a waste of time having a tow bar.
@@gazafred2 I am not looking a towing a large load, I live rural village and have a 8x5 box trailer that I use very now and then
Large caravan forget it, small boat, JetSki or camper trailer, I reckon it would be fine.
90% of people don't tow over 2500kg, so it will be fine for the majority of the market. If you have towed 3500kg, you need a large vehicle to prevent steering issues as the front wheels lift. Some vehicles can do it safely, but it will sell well since most don't need this. The 790kg on vehicle load will also be fine as most don't max it out in everyday use.
100 km electric range from a 39kwh battery isn’t especially stunning… or can someone enlighten me…?
Sure, the petrol engine kicks in when the battery gets low, acting as a generator to charge the battery. Essentially it becomes a range extender. You can adjust how low you want the battery to go before the engine/generator kicks in. You could set it at 50%, or go as low as 15% (I think that's the lowest).
Why do EV fansboys always try and make ICE users feel guilty about not going fully EV. There are no EV alternatives that can tow anything above 2.2T, go off road and still provide a workable range. The Shark PHEV is going to be no different when towing as its range will be significantly reduced.
its just gonna overwrite the market and probably they have cars for every market range and are just gonna keep releasing them now :) i would
These pickups aren’t selling in Western markets like the USA or Europe-that’s the reality. They may find some buyers in developing countries, but people will eventually see their limitations. Chinese customer service is terrible, local mechanics often refuse to work on them, warranties are unreliable, and replacement parts are difficult-if not impossible-to find. Many buyers end up losing around $20,000, only to need a Western-made car after their Chinese vehicle becomes unusable. Be aware-I’ve warned you.
6 millions car exported yearly is "some"
60k AUD
Let me know,in ten years,how many 2024 BYDs are still running,without vast expenditure on repairs,during threaten years.
I have been driving a BYD for 2 years and spent nil on repairs, nada. Charge from roof solar panels, cost nil. The future is here, it is just not evenly distributed.
No wonder EV Viking didn’t get invited from BYD😂
Massive overcapacity in China. Not only cars but in almost everything they manufacture. They are dumping the goods 30% of Chinese companies are making a loss.
Don't be silly, these Chinese car companies are listed companies, will never do a loss.
and nearly 1T in surplus yearly...getting pretty stale...
Toyota has been resting on their laurels for too long… I hope this wakes them up..
New import tariffs on byd
*FORD CRAPTOR IS GOING TO GET BURIED BY THE SHARK 6. RIP* 🤣
Not a full EV
If BYD starts making small people mover like the Toyota Avanza, I dare guarantee Toyota will go bankrupt.
Hmm so you forgot to mention how this impacts Tesla Cybertruck Sam ? Very quick to talk about the correct impact this will have on Ford and Toyota but this is BYD taking on the truck market - and Teslas take on truck market has been a shambolic i would say colossal failure - 5 recalls , and remember the launch price for cyber truck - you got it 39000 USD - what a coincidence - tesla actually sell them at nearer 100000 but BYD just went ‘hold my beer’ and showed how to launch into a new segment properly with a product offering that smashes it - i think you are being wayyyy too soft of Tesla - they took their eye off the ball with cybertruck and BYD are going to smash them in this segment - why no mention of Tesla poor strategy ?? I think Cybertruck will eventually be seen as the worst business mistake Tesla made….BYD have a much more coherent strategy by the looks of it, I wouldn’t be so quick to assume the profit and loss projections - their economies of scale are incredible at BYD
2000% import tax is how the West will deal with BYD!
And deprive is people the "freedom" of choice.
This will BOOM for BYD
Wonder how fast it charges. Hybrids are so slow to charge generally. A fast charging 100km range (if that includes at least half on the open road) this would work for me.
❤
Take market share at a loss. How is that good business
They are not losing money but some claims without proof
Communism is a completely different business model, profit is not the motivation. Break even or loss is ok if it means domestic employment, face saving and disrupting the western model.
@@stopdropnroll can you recomend the "copium"
I bet all those whinging nancys that go on about evs will silently buy one of these
Ute Made in China
Once you vertically integrate the marginal cost on each unit falls pretty quickly.
The marginal cost could be likely half what they are selling it for retail.
You need to get out of the western mindset, where everything has been regulated and rent optimized to the point that the raw naterial input costs pale into insignificance relative to the opex overhead.
Chinese market cost being half of the western market is pretty normal for a lot of stuff.
The Chinese government supports the manufacturing sector, vs the west where the government hinders most manufacturing at scale.