I live in Israel, and there are so many Chinese brands of EVs here that I can hardly keep up. Most of them are still fairly rarely seen, but I see LOTS of BYD Atto 3s and Geely Geometry Cs all the time. The MG4, which is also made in China, is also quite popular here. We do, however, see plenty of Tesla Model 3s and Model Ys.
In Brazil, a BYD factory is set to begin operations in Early 2025, according to recent news. The plant will produce the BYD Dolphin and Dolphin Mini (Seagull). We hope this local production will lead to a price drop, especially considering the excessive taxes the government currently imposes on EV imports.
BYD surpassed TESLA in sales, and then the US increased tariffs by 75% and EU placed a 35.3% tariff on Chinese automakers. Free trade right up until you can't compete.
Thanks for the great video, really objective IMO. And most people ignore the fact that it's not only BYD that's Chinese, there are loads of legit brands in China where consumers of all segments will rather choose and purchase from (over Tesla), some even in higher priced segments. NIO, Zeekr, Li Auto, Huawei (AITO), Xiaomi, XPeng, BYD, Geely, Chery, Luxeed, Avatr, SAIC, Jidu, etc. And Tesla is no longer the more technical advanced brand (it hasn't been for years), and innovation is mostly led by Chinese brands for recent years, it's just Westerners would purposely ignore the technological advancement of Chinese brands in tech, battery, motor, AI, self-driving (much better performance domestically). And Western publications tend to sculpture Chinese brands as cheap, but they're the most technical advance cars globally, it's just the pace to export them are 1-2 years slower, so most models being looked at are old variants.
i have a MG4 as a daily drive the car runs well good value for money you are right the tech is not the latest and greatest still it works it is a good size for inner city traffic. Enjoyed your video keep up the good work
It's not about keeping up. When you look at how much the Chinese government has subsidized the industry it by no means is a level playing field. Imagine if a global automaker received heavy subsidies from its government so that it could sell vehicles below what the Chinese sell their cars for in their home market. China would be crying like a. newborn baby!
@22:33 Auto-parking in a Tesla is a nightmare in Europe...frankly useless in Europe. The parking spaces are smaller and mostly side street parking. There are so many auto-parking videos out there proving my point. When it comes to auto-parking, Tesla sucks badly.
Seems like the autodriving or parking feature differs a lot in different regions, Chinese brands work great at home, but suck when arriving in Europe, maybe same for Tesla.
Competition is good and the rapid growth in Chinese EVs including availability of smaller and lower cost EVs has surprised European car manufacturers. LEVC who makes the London Black Electric Taxicab in the UK is now a subsidiary of Chinese auto manufacturer Geely. I currently have a 2022 Telsa Model Y Long Range Dual Motor. I love the car, especially the way it drives, the user interface and the regular stream of software updates that also adds new functionality that makes it feel like you are getting a new car each time. For the present, self-drive cars are of less interest to me. The state of UK roads means there are less opportunities to make use of current auto drive technologies. I don't think Tesla will have a viable self-drive car until the move away from the sole use of vision. It has a key role to play but doesn't perform well when theres is poor visibility such as heavy rain or fog, or when strong sunlight overloads a camera and temporarily takes it off-line. I am replacing my Model Y with a new 2024 Model 3 Long Range Dual Motor in the next couple of weeks. I would have preferred a smaller car, but no legacy car manufactured comes close to Tesla with regards to the whole car ownership / operational wrap, and Chinese car offerings are currently not as well established in the UK as they are in the Australia and New Zealand to make them a viable alternative.
No mention of Chinese company cutting edge self driving ability? Their AI is pretty impressive. Interesting no mention how Tesla that are sold in China compare?
I have tried several Model S and The BYD Han has way higher quality interior wise, it feels like a different price class then the model S, would say it is between Mercedes and Audi in feel.
The fact that BYD is cheaper is game changer. People in the USA are complaining of expensive cars but China can do it cheaper. Sad that politics is killing the US ability to compete in the Auto industry.
I think the best way to sell Chinese made vehicles in the US is through partnership with Japanese brands. If it were sold with a Japanese brand name and had service available through those dealerships it would be accepted. The bZ4x is not a competitive EV but to spite that fact sales might double in 2024 compared to 2023. Imagine if Toyota, Nissan, Mazda, and Subaru could get the best technology from China that really is competitive.
Ummmmm.... how tmput this. Toyota just signed a deal with BYD to supply their ENTIRE drive trains for years to come. They know what the US and Europe are yet to learn - sometimes you have to cut a deal because you'll loose market share wile you are trying to beat China at its own game. If you drive any Toyota EV that gets launched in the next few years it will be a BYD underneath.
@13:16 BYD Han is 38k vs Model S (crap quality car) for 75k. That is not competition, it demolishes the Tesla S and Model 3. I think Tesla sell about 10 Model S in China or any for a matter of fact. Now I understand why Tesla has shifted to focusing on AI and Robotics. I mean Tesla have brought 2 new models to the market in the last 5 years. Cybertruck and Semi. Model 3 & Y are refresh models not entirely new platforms. The X & S will not be further developed and end of life products. Robotaxi is a product to promote AI & FSD & Robotics, not a vehicle for people to own or enjoy driving. Mark my words, Model 3 & Y & Cybertruck will be phased of development in within 5 years. AI, Robotics and energy supply will be making the money for Tesla not selling cars.
Isn’t the main reason why BYD perform’s so well in industry because of heavy government support? In comparison Tesla has accomplished a lot on their own.
That CNBC report is cherry picked. Not by you but the report took just a couple of cars that she could rent. She didn't get the best of the best cars. Oh and as far as performance goes...Xoami SU7 ultra!
I think the American car companies are going to lose a ton of their income outside the USA. Since they are fairly leveraged, it’s going to lead to huge issues in the near term servicing this debt.
at 20:55 "America has an opportunity to take a page out of China's playbook... required to make investments and partnerships with local companies" This is nothing more than protecting FM & Ford and has nothing to do with the citizen. Tariffs raise costs for the citizen to protect companies that cannot compete -- companies that donate heavily to politicians to remove competition all while padding government coffers. Too cynical? American lost jobs when big business moved their factories overseas. CEOs gave away their technology to China for a temporary boost in EPS and executive bonuses. Now that the Chinese have learned, these same companies want the government to run interference for them so they can sell their inferior cars to captive citizens -- citizens that suffer a lower standard of living due to the loss of factories mind you.
BYD would dominate the US market. Tesla could still compete but Ford and GM would just die. The only thing GM and Ford can make is a Truck, van and a sports car that can only be sold in the US.
Outsourcing your vehicle parts doesn't just put the company at risk of additional parts cost it also increases internal labor costs. You need people to manage the supply chain and those are higher income positions than folks who make parts.
BYD in terms of construction quality and interior is way ahead of tesla. The TAM and the HAM models are extremely luxurious compared to the models s and x. Software is where they are behind.
Tesla is premium no doubt but the Chinese are much better then your making out especially the higher end models are in many ways better.Tesla has no equal when it comes to software they are quite a way ahead, however the speed the chineese can copy things is alarming.
You say that the Chinese EV tariffs were "well-intentioned", that claim is far from indisputable. American automakers had incentives for many years to get their butts in gear and invest in EVs - most of them treated EVs as "compliance cars", Tesla excepted, even to the point of paying Tesla regulatory credit money instead of investing in EVs. But even Tesla continues to ignore median-income buyers and ICE carmakers have increased their prices too - ignoring budget-conscious or budget-strapped consumers. The total new car market has contracted - and American automakers are content with that, because they count on marketing to pump up their profit-per-vehicle numbers to more than compensate for reduced number of total sales. Much like housing, where median house size inexorably rises - because it's more profitable - median-income consumers get stiffed. Maybe it's time to pass more domestic-content legislation and go ahead and allow Chinese automakers to manufacture in the US with American workers if the Big Three and other ICE-makers won't give American consumers options they can afford.
And how long will it take for Chinese to set-up shop in America to make those "cheap" EV's? And the average wage of a auto worker in the US is $60 and in China is around $6. Also the Chinese worker is more productive and inducated than the American worker. The best bet is to allow the Chinese to import their cars directly with a reasonable tariff (10%). Also with an investment in local networks to service and maintain the vehicles. Manufacturing cars in the US as the case in Europe is just to expensive.
@@pedipedi9559 Sure, the car assembly will be done by workers making more than they make in China. But a large part of the supply chain of "American" automakers is already offshore - if one looks how "American" various cars are now, it has nothing to do with what their labels are. My point is that GM-Stellantis MANAGEMENT sucks (I think Ford is marginally better). They're hopeless.
Sounds like you have it all figured out and should start your own low-cost EV company. The reason there are no low cost EV's is because they are incredibly expensive to produce, not because they are ignoring median income buyers. Ironically, it's the large V8 SUV's that GM produces and that people actually want to buy that finance their EV efforts. It's pretty hard to justify extensive EV investment when overall demand is just not here. Look at just about every global automaker that is scaling back their EV efforts.......people just are not buying them in the numbers to justify the investment.
@@BobbieGWhiz If one is a free market capitalist allowing companies to fail is just normal business. Are some companies too big to fail? That's a political decision and above my pay grade. Right now there are no EV's that meet my needs and very few American made that do. I've searched for some time and game up with little to buy.
@kradwonders byd are known for safety and reliability issues specially the exploding battery panels. you will have my respect if you survive even a year with that thang, if not... Good luck to your next life?? 🤣
@@BobbieGWhiz you're a grown ahh man, you look it up for your self ffs... And also avoid Chinese made article (they're really biased and full of false claims).
at 25:30 would people choose a less expensive car if it were Chinese - of course! People simply want good value. Performance is a luxury if you're riding a bike or the bus to work. Economic is on top of the food chain. America seems to be tarnishing their brand by whining about competition. Memory says they did likewise when Toyota delivered better value in the 1970s. FM & Ford then wrapped the flag around their crappy brands and bribed (or donated) politicians to help fight the competition. Now Toyota is more American made than Ford or GM on the list of American made cars.
I just hope the new president continues the IRA, a 4 year+ gap in funding, I honestly feel will leave US car manufacturers in a very challenging position. I know Tesla are ok in the general scheme of things, but do people really only want to have Tesla as they're only ev choice?
the car industry as we know it is desapearing. car are now made by the same electrodomestic factories. cars will become boring and the times of pride of ownership will be a story old people like me will tell their grand kids.
Imagine if the world incentize innovation and expertise. That's what we need, not some geopolitical sourcing. I'm for domestic production, but all it does is create less logistical workflows that will add cost to the consumers.
Now that we have a new administration, what will it do with the EV tax incentive? Will it continue all the EV projects and incentives already in place?
@SB-bu5fq yeah but what I'm talking about is the tax incentives for the whole EV industry. Is the new administration going to keep the tax EV incentives that is already in place?
Elon has said mulltiple times he is against the tax incentives. So i would expect to see them gone. It seems obvious that tax incentives would hurt teslas market share since they would benefit buyers looking for the lowest priced car. Tesla is not interestes in making a lower priced car. The incentives would go to other manufactures mostly foreign who would gain market share in the U.S. it would also support brand loyalty to those new deivers. Unfortunately our auto manufactures are slow to innovate (aside from tesla). The tariffs will just lead to other manufactures playing games by basically building their cars using parts from byd and others and saying they are assembled here to avoid the tariffs. Us auto will in essence be like furnature a manufacturer buying from ikea assembling them in north carolina and selling them as made in america. We need to stop being lazy and dishonest. We need to innovate here. Build it here and compete here. Tesla showed it can be done.
@jamesbracken6751 Tesla is a cult. it's hard to replicate. You can't do it intentionally. All the EPA and environmental regulations are being rolled back day 1. For example, Stellantis started looking into a new V8 yesterday. Every green person in America hates Elon now. Not a great look and sales growth has gone to 0 globally.
@@BobbieGWhiz yup, well over 10 billion so far in gov mandated carbon credits alone, plus every vehicle 7,500 off for the consumer. Not a bad haul. 750 million in free money last quarter and every quarter before that.
What do you think about Nio? I would buy a Nio even if it cost more in the U.S. just for the ability to do battery swapping and renting a bigger battery when going on a road trip
From a WTO perspective, are Chinese EVs, heavily subsidized by China, fair competition to non-subsidized American or European EV makers? or should we consider the $7.5k EV tax credit a disguised subsidy? I like competition because it drives innovation, keeps prices down, etc... Product reliability and repairability are unknowns for Chinese EVs at this time. All these factors need be considered and properly weighted when making comparisons. This video does a poor job of addressing these concerns.
@@GeoffreyEspin 🥱, this USA isn't a 3rd world country and doesn't need an even less free market than it currently has. Even China doesn't do the joint ventures anymore.
I heard from somewhere that lfp battery was actually an r&d product from the US but no one ever invested in the technology and hence it was sold to china, where they really scaled it up. Can you fact check this?
Thats the problem with us here in the US. We've been the superpower for so long. we got arrogant and didnt even bother checking on our competitors. Look at China
China also squandered all the lithium mines in Afghanistan by pressuring the Taliban after our dismal withdrawal. I’m hoping Elon can figure out a solution to compete with China’s stranglehold on batteries.
I stayed away from Japanese cars for a long while. Getting service and support in remote areas was virtually impossible. Lead time on parts could be months. I expect the same or worse from Chinese EVs. Once they fully set up a dealership and service network with broad coverage the cost advantage will disappear.
The robot axis concept would kill the car market. Driving should be fun. Otherwise , take a bus or public transportation. To me, the robotaxi has no appeal. Affordable EVs are what I look forward to owning.
capitalism and democracy goes together, if we do that then we're turning into China. If China can let Tesla setup factory in Shanghai and get the same subsidiary from Chinese government. BYD should be able to setup factories in the states.
This may be the weakest report I have seen. BYD has dangerous quality problems. Poor crash protection, Emergency braking is not reliable. 10x the fires of Tesla batteries. I would like to see an accurate evaluation.
I could be wrong but byd's fires are apples to hybrid apples comparison. Their non hybrids/plug-ins, bev is not 10x. I thought the price is lower than tesla's for models with less features and techs, would you say you get what you pay for? Sounds like a decent product?
@borshardsd On paper it's a good product. I saw a video today where there are rear crash protection.Somebody showed pictures of thin metal versus many many times thicker metal to protect the rear. Has anybody done a crash test on these cars? As you know , all three tesla models are the top crash protection vehicles.
This video is wrong in many ways. BYD is one of many auto companies, the quality of the Chinese EVs is often superior to Tesla, etc Waste of time watching this
are you kidding, the interior of Tesla model S falls apart in less than 3 years, the panels don't even align. Do you know why Toyota and Honda dominates the US markets for decades? Not that Americans are not patriots but the reliability of american cars is trash and worst than European cars. I think this guy is under Tesla's payroll for advertising. And remember Robotaxi doesn't have lidar based on the model they show at their last event and that's why a lot of investors were not impressed. I'm not letting a car that doesn't have lidar and steering wheel to decide my fate.
I just got my Tesla model 3 LR AWD at 0% and am loving it so far. If anyone is looking to buy a Tesla before tax credits potentially go away, I have mine in my UA-cam bio!
Appreciate the advice! Bought XAI33x at $1, holding for 10x gains. Major exchanges like Coinbase, Bybit, and Binance are set to list it soon. Your insights always lead to great investments. Excited about this opportunity, thanks for the tip! Looking forward to significant returns!
The US battery manufacturing that has been exploding due to the IRA act will hopefully continue (if Trump values employment in those red states) which would allow USA to reduce the dominance of the Chinese battery manufacturing.
Teslas are far superior to BYD, as measured by every metric. Further, as Tesla masters the manufacture of its own batteries, it will be able to compete with any EV car manufacturer in the world in terms of cost. Already, here in the US, the Model 3 RWD LR can be purchased for $33,900 after the federal rebate with a $1000 referral. That puts it at around $40,000 without the rebate. This car has a massive 82.5 kWh battery that gives it 363 miles of range. As battery costs go down, it is possible that Tesla will be able to drop this cost as much as $5,000 in the near future. Even the Chinese realize that when you buy a Tesla, you are buying the best EV in the world bar none. This is why Tesla is one of the best-selling car brands in China. Because Teslas are just better in every way than any other car made in the world, Tesla will continue to dominate the worldwide auto market. The real key is battery cost right now. In the near future when solid-state batteries come out, those batteries will be revolutionary and they will dominate the market. CATL is already testing an EV "semi-solid-state" battery that has over 600 miles of range, will charge in 10 minutes, and carries a 15-year warranty. This battery is nearly ready to enter mass production, and it will radically improve EV performance in hot and cold temperatures and range. This is why Tesla is feverishly working on acquiring this battery technology and concurrently improving their own in-house batteries.
So only Tesla has access to this Chinese company batteries? If you care about range and true American car the Chevy Silverado beats Tesla by an order of magnitude already. If you care about price I doubt mode 3 will ever be able to compete with the Chinese automakers especially as the batteries are getting cheaper.
@@DominikPlaylists Wow you REALLY need to do some homework before you post ignorant comments. 1. The curb weight for the Silverado EV is a staggering 8,800 lbs. for the biggest battery option. That's over 4-1.2 tons. To put that in perspective the curb weight for a Ford F350 diesel is 5,854 lbs. The Cybertruck is 6,900 lbs, over 1900 lbs less. There is NO way a truck that heavy is going work. The wear and tear on the suspension and frame ball joints is incredible. That is almost as heavy as the 9000 lb Hummer, which is huge. 2. The Silverado EV's software is a generation behind Tesla's. 3. Chevy's cruise control is clownish compared to Tesla's FSD. 4. The cost for the top end model fo the Chevy Silverado EV is $96,495. That's $16,500 MORE than a Cybertruck. 5. The Cybertruck is faster, more efficient and handles a LOT better than the Silverado. 6. The Cybertruck will two 11,000 easily. The Silverado's limit is 10,000 lbs. As far as Chinese batteries, Tesla has licensed CATL's semi-solid state battery design, which is revolutionary and is building a US plant in Nevada to produce them. In China, both the Model Y and the Model 3 cost more than competing Chinese cars, but both sell like hotcakes in China because the Chinese KNOW they are far superior to the Chinese competition. China just rated the Tesla Model 3 to be the most reliable, trouble free vehicle in China, and China has the world's largest auto market. The Model 3 beat out every other manufacturer for reliability. Simply put, you don't have a clue about what you are talking about, and that is being nice to you.
For you, Tesla is the best electric car simply based on the fact that you don't have more choices, in China, the opposite is true. There are more and better options here. That's why the US had to block Chinese EVs with 100% tariffs.
@@jokeychin, Your post is stupid. Tesla owns the luxury EV market in China, and both the Model Y and the Model 3 are top sellers in China in the midrange cost vehicles. . China has a lot of EV options because the government subsidizes them. But it doesn't have a single EV that can compete with Tesla. BYD is the ONLY Chinese EV maker that is making a profit and Tesla's Model 3, Model Y and Model S and X just dominate Chinese sales. Further, the Model 3 was just selected as the most reliable trouble-free car in China, beating out the mighty Toyota's legendary reliability.
Get up to $2,000 off a Tesla: ts.la/ryan51525
For a guy who is such an obvious Tesla fan, this is a very fair, well researched and straight piece of reporting. It's a credit to you.
you are not obvious Tesla fan to me 🙂
Great video, really appreciate your thoughtful and well produced content.
I live in Israel, and there are so many Chinese brands of EVs here that I can hardly keep up. Most of them are still fairly rarely seen, but I see LOTS of BYD Atto 3s and Geely Geometry Cs all the time. The MG4, which is also made in China, is also quite popular here. We do, however, see plenty of Tesla Model 3s and Model Ys.
B"H
In Brazil, a BYD factory is set to begin operations in Early 2025, according to recent news. The plant will produce the BYD Dolphin and Dolphin Mini (Seagull). We hope this local production will lead to a price drop, especially considering the excessive taxes the government currently imposes on EV imports.
I want the BYD Shark pickup... apparently sold in Mexico now.
Just launched here in Aus. it will sell in hige number here. LIKE the US, Austrlians LOVE their utes.
@@mntbighker me too
BYD surpassed TESLA in sales, and then the US increased tariffs by 75% and EU placed a 35.3% tariff on Chinese automakers. Free trade right up until you can't compete.
They had the tariffs before this
@crystalclear9582 and still managed to beat the competition so, US and Canada doubled the tariffs and EU added new ones
A very well balanced and what I would call factual video. Thanks
Thanks for the great video, really objective IMO. And most people ignore the fact that it's not only BYD that's Chinese, there are loads of legit brands in China where consumers of all segments will rather choose and purchase from (over Tesla), some even in higher priced segments. NIO, Zeekr, Li Auto, Huawei (AITO), Xiaomi, XPeng, BYD, Geely, Chery, Luxeed, Avatr, SAIC, Jidu, etc. And Tesla is no longer the more technical advanced brand (it hasn't been for years), and innovation is mostly led by Chinese brands for recent years, it's just Westerners would purposely ignore the technological advancement of Chinese brands in tech, battery, motor, AI, self-driving (much better performance domestically). And Western publications tend to sculpture Chinese brands as cheap, but they're the most technical advance cars globally, it's just the pace to export them are 1-2 years slower, so most models being looked at are old variants.
i have a MG4 as a daily drive the car runs well good value for money you are right the tech is not the latest and greatest still it works it is a good size for inner city traffic.
Enjoyed your video keep up the good work
XAI33x is definitely on my radar now! Appreciate the insights from your video!
Its bearish
The potential of XAI33x is unreal! Excited to see where this goes after watching your video!
Noone is buying that shit.
spam
If you don't keep up with technology the rest of the world will start without you.
It's not about keeping up. When you look at how much the Chinese government has subsidized the industry it by no means is a level playing field. Imagine if a global automaker received heavy subsidies from its government so that it could sell vehicles below what the Chinese sell their cars for in their home market. China would be crying like a. newborn baby!
@22:33 Auto-parking in a Tesla is a nightmare in Europe...frankly useless in Europe. The parking spaces are smaller and mostly side street parking. There are so many auto-parking videos out there proving my point. When it comes to auto-parking, Tesla sucks badly.
Seems like the autodriving or parking feature differs a lot in different regions, Chinese brands work great at home, but suck when arriving in Europe, maybe same for Tesla.
Ryan, where can I get a duplicate of the model of cyber truck sitting on your bookshelf in the background now that I’m a cyber truck owner?
Competition is good and the rapid growth in Chinese EVs including availability of smaller and lower cost EVs has surprised European car manufacturers. LEVC who makes the London Black Electric Taxicab in the UK is now a subsidiary of Chinese auto manufacturer Geely. I currently have a 2022 Telsa Model Y Long Range Dual Motor. I love the car, especially the way it drives, the user interface and the regular stream of software updates that also adds new functionality that makes it feel like you are getting a new car each time. For the present, self-drive cars are of less interest to me. The state of UK roads means there are less opportunities to make use of current auto drive technologies. I don't think Tesla will have a viable self-drive car until the move away from the sole use of vision. It has a key role to play but doesn't perform well when theres is poor visibility such as heavy rain or fog, or when strong sunlight overloads a camera and temporarily takes it off-line. I am replacing my Model Y with a new 2024 Model 3 Long Range Dual Motor in the next couple of weeks. I would have preferred a smaller car, but no legacy car manufactured comes close to Tesla with regards to the whole car ownership / operational wrap, and Chinese car offerings are currently not as well established in the UK as they are in the Australia and New Zealand to make them a viable alternative.
Power of BYD is 5 iterations of hybrid technology
I am very impressed with the quality of your writing and presentation. I’ve been following you for some time. Keep it up.
Cheaper car wins out. If quality matches competition.
Bought XAI33x after watching your video, super excited!
Sir, I could have just watched CNBC video at this point
lol
Heil Elon
No mention of Chinese company cutting edge self driving ability? Their AI is pretty impressive. Interesting no mention how Tesla that are sold in China compare?
How would these Chinese cars be Serviced & Charged? If those 2 elements are not established it would seem hard to succeed for Chinese autos.
I have tried several Model S and The BYD Han has way higher quality interior wise, it feels like a different price class then the model S, would say it is between Mercedes and Audi in feel.
What are you going to do with a higher quality interior?
But, BYD software is mediocre. I prefer model S.
Yea, the BYD Seal makes the 3 look and feel like a tacky, cheap runabout.
@@jorgesmith2000I just fot out of mine and can tell you I didn't want to. it is a lively place to be.....BMW M4, Merc eClass level
The fact that BYD is cheaper is game changer. People in the USA are complaining of expensive cars but China can do it cheaper. Sad that politics is killing the US ability to compete in the Auto industry.
I love the vision behind XAI33x! Your video really captured its potential!
I think the best way to sell Chinese made vehicles in the US is through partnership with Japanese brands. If it were sold with a Japanese brand name and had service available through those dealerships it would be accepted. The bZ4x is not a competitive EV but to spite that fact sales might double in 2024 compared to 2023. Imagine if Toyota, Nissan, Mazda, and Subaru could get the best technology from China that really is competitive.
Ummmmm.... how tmput this. Toyota just signed a deal with BYD to supply their ENTIRE drive trains for years to come. They know what the US and Europe are yet to learn - sometimes you have to cut a deal because you'll loose market share wile you are trying to beat China at its own game. If you drive any Toyota EV that gets launched in the next few years it will be a BYD underneath.
Only a fool would fall for that move.
@@mahonjt another Japanese auto death move unless the are licensing the Tesla factory which is the real magic
@13:16 BYD Han is 38k vs Model S (crap quality car) for 75k. That is not competition, it demolishes the Tesla S and Model 3. I think Tesla sell about 10 Model S in China or any for a matter of fact. Now I understand why Tesla has shifted to focusing on AI and Robotics. I mean Tesla have brought 2 new models to the market in the last 5 years. Cybertruck and Semi. Model 3 & Y are refresh models not entirely new platforms. The X & S will not be further developed and end of life products. Robotaxi is a product to promote AI & FSD & Robotics, not a vehicle for people to own or enjoy driving. Mark my words, Model 3 & Y & Cybertruck will be phased of development in within 5 years. AI, Robotics and energy supply will be making the money for Tesla not selling cars.
Yeah I rented a BYD Atto2 in France. Horrible all around unless you like ice car with a undersized battery and pathetic software
A thermally stable and non-toxic battery will win the market.
Isn’t the main reason why BYD perform’s so well in industry because of heavy government support?
In comparison Tesla has accomplished a lot on their own.
That CNBC report is cherry picked. Not by you but the report took just a couple of cars that she could rent. She didn't get the best of the best cars. Oh and as far as performance goes...Xoami SU7 ultra!
Or BYD Yangwang lineup that can go into water. Try that on the Tesla where the battery isn't even sealed and get fires.
Lower EV cost is nice, but if no repair shop in the U.S. can fix/service the Chinese EVs, what’s the point in having them here?
I think the American car companies are going to lose a ton of their income outside the USA. Since they are fairly leveraged, it’s going to lead to huge issues in the near term servicing this debt.
BYD is cheaper and better in many ways if it was available in the US I would buy one
at 20:55 "America has an opportunity to take a page out of China's playbook... required to make investments and partnerships with local companies" This is nothing more than protecting FM & Ford and has nothing to do with the citizen. Tariffs raise costs for the citizen to protect companies that cannot compete -- companies that donate heavily to politicians to remove competition all while padding government coffers. Too cynical? American lost jobs when big business moved their factories overseas. CEOs gave away their technology to China for a temporary boost in EPS and executive bonuses. Now that the Chinese have learned, these same companies want the government to run interference for them so they can sell their inferior cars to captive citizens -- citizens that suffer a lower standard of living due to the loss of factories mind you.
BYD would dominate the US market. Tesla could still compete but Ford and GM would just die. The only thing GM and Ford can make is a Truck, van and a sports car that can only be sold in the US.
I wouldn’t trust Chinese automakers on service side, warranty support or safety recalls.
Chinese companies in Africa are giving a 5 year free service and warranty.
Outsourcing your vehicle parts doesn't just put the company at risk of additional parts cost it also increases internal labor costs. You need people to manage the supply chain and those are higher income positions than folks who make parts.
BYD in terms of construction quality and interior is way ahead of tesla. The TAM and the HAM models are extremely luxurious compared to the models s and x. Software is where they are behind.
Tesla is premium no doubt but the Chinese are much better then your making out especially the higher end models are in many ways better.Tesla has no equal when it comes to software they are quite a way ahead, however the speed the chineese can copy things is alarming.
Great video
Should read/say, "Which is best for you" not which is best!
You say that the Chinese EV tariffs were "well-intentioned", that claim is far from indisputable. American automakers had incentives for many years to get their butts in gear and invest in EVs - most of them treated EVs as "compliance cars", Tesla excepted, even to the point of paying Tesla regulatory credit money instead of investing in EVs. But even Tesla continues to ignore median-income buyers and ICE carmakers have increased their prices too - ignoring budget-conscious or budget-strapped consumers. The total new car market has contracted - and American automakers are content with that, because they count on marketing to pump up their profit-per-vehicle numbers to more than compensate for reduced number of total sales. Much like housing, where median house size inexorably rises - because it's more profitable - median-income consumers get stiffed.
Maybe it's time to pass more domestic-content legislation and go ahead and allow Chinese automakers to manufacture in the US with American workers if the Big Three and other ICE-makers won't give American consumers options they can afford.
And how long will it take for Chinese to set-up shop in America to make those "cheap" EV's? And the average wage of a auto worker in the US is $60 and in China is around $6. Also the Chinese worker is more productive and inducated than the American worker. The best bet is to allow the Chinese to import their cars directly with a reasonable tariff (10%). Also with an investment in local networks to service and maintain the vehicles. Manufacturing cars in the US as the case in Europe is just to expensive.
@@pedipedi9559 Sure, the car assembly will be done by workers making more than they make in China. But a large part of the supply chain of "American" automakers is already offshore - if one looks how "American" various cars are now, it has nothing to do with what their labels are. My point is that GM-Stellantis MANAGEMENT sucks (I think Ford is marginally better). They're hopeless.
Sounds like you have it all figured out and should start your own low-cost EV company. The reason there are no low cost EV's is because they are incredibly expensive to produce, not because they are ignoring median income buyers. Ironically, it's the large V8 SUV's that GM produces and that people actually want to buy that finance their EV efforts. It's pretty hard to justify extensive EV investment when overall demand is just not here. Look at just about every global automaker that is scaling back their EV efforts.......people just are not buying them in the numbers to justify the investment.
I’d have no problem buying a Chinese car if it met my needs and especially if it was cheaper.
@@BobbieGWhiz If one is a free market capitalist allowing companies to fail is just normal business. Are some companies too big to fail? That's a political decision and above my pay grade. Right now there are no EV's that meet my needs and very few American made that do. I've searched for some time and game up with little to buy.
Buy cheaper?? I don't think the 100% tariffs of trump will make it cheaper to you😂😂
@kradwonders byd are known for safety and reliability issues specially the exploding battery panels. you will have my respect if you survive even a year with that thang, if not... Good luck to your next life?? 🤣
@@BobbieGWhiz you're a grown ahh man, you look it up for your self ffs... And also avoid Chinese made article (they're really biased and full of false claims).
@@westjohnson5740 around 700000 chinese EVs were sold in Europe in 2023, they must be doing a really good job at covering up the explosions.
500% better is 6 times better not 5 times better. It’s 6x, not 5x
at 25:30 would people choose a less expensive car if it were Chinese - of course! People simply want good value. Performance is a luxury if you're riding a bike or the bus to work. Economic is on top of the food chain. America seems to be tarnishing their brand by whining about competition. Memory says they did likewise when Toyota delivered better value in the 1970s. FM & Ford then wrapped the flag around their crappy brands and bribed (or donated) politicians to help fight the competition. Now Toyota is more American made than Ford or GM on the list of American made cars.
I just hope the new president continues the IRA, a 4 year+ gap in funding, I honestly feel will leave US car manufacturers in a very challenging position.
I know Tesla are ok in the general scheme of things, but do people really only want to have Tesla as they're only ev choice?
the car industry as we know it is desapearing. car are now made by the same electrodomestic factories. cars will become boring and the times of pride of ownership will be a story old people like me will tell their grand kids.
Imagine if the world incentize innovation and expertise. That's what we need, not some geopolitical sourcing. I'm for domestic production, but all it does is create less logistical workflows that will add cost to the consumers.
Hey GM FORD AND Stellantis, if you want to survive, partner up with BYD and sell their EVs with your badge
Now that we have a new administration, what will it do with the EV tax incentive? Will it continue all the EV projects and incentives already in place?
No one knows yet, especially with Elon now in Trump’s inner circle.
@SB-bu5fq yeah but what I'm talking about is the tax incentives for the whole EV industry. Is the new administration going to keep the tax EV incentives that is already in place?
Elon has said mulltiple times he is against the tax incentives. So i would expect to see them gone. It seems obvious that tax incentives would hurt teslas market share since they would benefit buyers looking for the lowest priced car. Tesla is not interestes in making a lower priced car. The incentives would go to other manufactures mostly foreign who would gain market share in the U.S. it would also support brand loyalty to those new deivers. Unfortunately our auto manufactures are slow to innovate (aside from tesla). The tariffs will just lead to other manufactures playing games by basically building their cars using parts from byd and others and saying they are assembled here to avoid the tariffs. Us auto will in essence be like furnature a manufacturer buying from ikea assembling them in north carolina and selling them as made in america.
We need to stop being lazy and dishonest. We need to innovate here. Build it here and compete here. Tesla showed it can be done.
@jamesbracken6751 Tesla is a cult. it's hard to replicate. You can't do it intentionally. All the EPA and environmental regulations are being rolled back day 1. For example, Stellantis started looking into a new V8 yesterday. Every green person in America hates Elon now. Not a great look and sales growth has gone to 0 globally.
@@BobbieGWhiz yup, well over 10 billion so far in gov mandated carbon credits alone, plus every vehicle 7,500 off for the consumer. Not a bad haul. 750 million in free money last quarter and every quarter before that.
What do you think about Nio? I would buy a Nio even if it cost more in the U.S. just for the ability to do battery swapping and renting a bigger battery when going on a road trip
@@pragsmo916 I think they only built 10 battery swap machines. And I thought they were almost bankrupt.
From a WTO perspective, are Chinese EVs, heavily subsidized by China, fair competition to non-subsidized American or European EV makers? or should we consider the $7.5k EV tax credit a disguised subsidy? I like competition because it drives innovation, keeps prices down, etc... Product reliability and repairability are unknowns for Chinese EVs at this time. All these factors need be considered and properly weighted when making comparisons. This video does a poor job of addressing these concerns.
Excellent proposal, Ryan! Instead of tariffs, force joint ventures for Chinese manufacturers in the USA.
@@GeoffreyEspin 🥱, this USA isn't a 3rd world country and doesn't need an even less free market than it currently has. Even China doesn't do the joint ventures anymore.
@@GeoffreyEspin good lord that's silly.
Appreciate all the data.
The vid we really want to see, is your in person reviews on some of these models. Would add more credibility I believe.
I heard from somewhere that lfp battery was actually an r&d product from the US but no one ever invested in the technology and hence it was sold to china, where they really scaled it up. Can you fact check this?
That is true
If you can't afford BYD, you can drive Tesla.
Soo.. as Americans, are we capitalists or not??? Let them in
Thats the problem with us here in the US. We've been the superpower for so long. we got arrogant and didnt even bother checking on our competitors. Look at China
I'm still Waiting for the Juniper Refresh ! Hopefully it will be all we are dreaming of ! I would gladly pay a Premium for a Better Car !
@@hansraub8663 it's not. It'll have a screen in the back and some ambient lighting . Same embarrassing design and plastic interior.
Am I the only one not on board with exploiting work slavery?
China also squandered all the lithium mines in Afghanistan by pressuring the Taliban after our dismal withdrawal. I’m hoping Elon can figure out a solution to compete with China’s stranglehold on batteries.
If making robot workers work 24/7 is slave labor, then they are guilty.
@@freetorobandloot Who makes the robots?
I stayed away from Japanese cars for a long while. Getting service and support in remote areas was virtually impossible. Lead time on parts could be months. I expect the same or worse from Chinese EVs. Once they fully set up a dealership and service network with broad coverage the cost advantage will disappear.
The robot axis concept would kill the car market. Driving should be fun. Otherwise , take a bus or public transportation. To me, the robotaxi has no appeal. Affordable EVs are what I look forward to owning.
@@DogsInSpace2024 yes, robotaxi is foolish.
No Chinese manufacturer should be able to operate in USA unless they partner with a US company, ie Ford, GM, Tesla, etc.
capitalism and democracy goes together, if we do that then we're turning into China. If China can let Tesla setup factory in Shanghai and get the same subsidiary from Chinese government. BYD should be able to setup factories in the states.
I have the MG4 and it is fine but Tesla are stuffed, we all know why ... See Australia for what will now happen thanks to Musk
@@ianrob4760 👍
Define “Stuffed” for me, please.
The world’s richest man could care less about affordability. Who needs self driving? The U S needs the affordable car.
Buy a used model 3, they're like $25k or less.......
This may be the weakest report I have seen. BYD has dangerous quality problems. Poor crash protection, Emergency braking is not reliable. 10x the fires of Tesla batteries. I would like to see an accurate evaluation.
Tesla kool aid
I could be wrong but byd's fires are apples to hybrid apples comparison.
Their non hybrids/plug-ins, bev is not 10x.
I thought the price is lower than tesla's for models with less features and techs, would you say you get what you pay for? Sounds like a decent product?
Even Elon Musk acknowledges BYD cars as competitive against Tesla. So unless you know more about EVs than Elon Musk, you're probably wrong
Where are you getting these BYD problem statistics? Don’t think you have a reliable source
@borshardsd On paper it's a good product. I saw a video today where there are rear crash protection.Somebody showed pictures of thin metal versus many many times thicker metal to protect the rear. Has anybody done a crash test on these cars? As you know , all three tesla models are the top crash protection vehicles.
byd sells on price, not on tech. on the tech side a number of chinese ev-makers are far ahead of byd and even challenge tesla.
This video is wrong in many ways. BYD is one of many auto companies, the quality of the Chinese EVs is often superior to Tesla, etc
Waste of time watching this
are you kidding, the interior of Tesla model S falls apart in less than 3 years, the panels don't even align. Do you know why Toyota and Honda dominates the US markets for decades? Not that Americans are not patriots but the reliability of american cars is trash and worst than European cars. I think this guy is under Tesla's payroll for advertising. And remember Robotaxi doesn't have lidar based on the model they show at their last event and that's why a lot of investors were not impressed. I'm not letting a car that doesn't have lidar and steering wheel to decide my fate.
“F NO!” I would never buy a Chinese car!!!
Millions of people around the would.
I just got my Tesla model 3 LR AWD at 0% and am loving it so far. If anyone is looking to buy a Tesla before tax credits potentially go away, I have mine in my UA-cam bio!
That's pathetic.
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The US battery manufacturing that has been exploding due to the IRA act will hopefully continue (if Trump values employment in those red states) which would allow USA to reduce the dominance of the Chinese battery manufacturing.
25 minutes, Ryan. Really?
20 minutes of CNBC and 5 of his.
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Just watched yet another video about BYD's complete lack of rust treatment. No thanks.
Tesla followed BYD's playbook
Quite the opposite but BYD is on its own path and poised to be the leading automaker in the world soon
They have completely different strategies. BYD makes busses and half their sales are hybrids
byd = tofu dreg
Teslas are far superior to BYD, as measured by every metric. Further, as Tesla masters the manufacture of its own batteries, it will be able to compete with any EV car manufacturer in the world in terms of cost. Already, here in the US, the Model 3 RWD LR can be purchased for $33,900 after the federal rebate with a $1000 referral. That puts it at around $40,000 without the rebate. This car has a massive 82.5 kWh battery that gives it 363 miles of range. As battery costs go down, it is possible that Tesla will be able to drop this cost as much as $5,000 in the near future.
Even the Chinese realize that when you buy a Tesla, you are buying the best EV in the world bar none. This is why Tesla is one of the best-selling car brands in China. Because Teslas are just better in every way than any other car made in the world, Tesla will continue to dominate the worldwide auto market.
The real key is battery cost right now. In the near future when solid-state batteries come out, those batteries will be revolutionary and they will dominate the market. CATL is already testing an EV "semi-solid-state" battery that has over 600 miles of range, will charge in 10 minutes, and carries a 15-year warranty. This battery is nearly ready to enter mass production, and it will radically improve EV performance in hot and cold temperatures and range. This is why Tesla is feverishly working on acquiring this battery technology and concurrently improving their own in-house batteries.
Tesla are garbage compared to byd. Byd puts out a new model every month. Byd sells twice the number of vehicles and that is diverging quickly.
So only Tesla has access to this Chinese company batteries? If you care about range and true American car the Chevy Silverado beats Tesla by an order of magnitude already. If you care about price I doubt mode 3 will ever be able to compete with the Chinese automakers especially as the batteries are getting cheaper.
@@DominikPlaylists Wow you REALLY need to do some homework before you post ignorant comments.
1. The curb weight for the Silverado EV is a staggering 8,800 lbs. for the biggest battery option. That's over 4-1.2 tons. To put that in perspective the curb weight for a Ford F350 diesel is 5,854 lbs. The Cybertruck is 6,900 lbs, over 1900 lbs less. There is NO way a truck that heavy is going work. The wear and tear on the suspension and frame ball joints is incredible. That is almost as heavy as the 9000 lb Hummer, which is huge.
2. The Silverado EV's software is a generation behind Tesla's.
3. Chevy's cruise control is clownish compared to Tesla's FSD.
4. The cost for the top end model fo the Chevy Silverado EV is $96,495. That's $16,500 MORE than a Cybertruck.
5. The Cybertruck is faster, more efficient and handles a LOT better than the Silverado.
6. The Cybertruck will two 11,000 easily. The Silverado's limit is 10,000 lbs.
As far as Chinese batteries, Tesla has licensed CATL's semi-solid state battery design, which is revolutionary and is building a US plant in Nevada to produce them.
In China, both the Model Y and the Model 3 cost more than competing Chinese cars, but both sell like hotcakes in China because the Chinese KNOW they are far superior to the Chinese competition.
China just rated the Tesla Model 3 to be the most reliable, trouble free vehicle in China, and China has the world's largest auto market. The Model 3 beat out every other manufacturer for reliability.
Simply put, you don't have a clue about what you are talking about, and that is being nice to you.
For you, Tesla is the best electric car simply based on the fact that you don't have more choices, in China, the opposite is true. There are more and better options here. That's why the US had to block Chinese EVs with 100% tariffs.
@@jokeychin, Your post is stupid. Tesla owns the luxury EV market in China, and both the Model Y and the Model 3 are top sellers in China in the midrange cost vehicles. .
China has a lot of EV options because the government subsidizes them. But it doesn't have a single EV that can compete with Tesla. BYD is the ONLY Chinese EV maker that is making a profit and Tesla's Model 3, Model Y and Model S and X just dominate Chinese sales.
Further, the Model 3 was just selected as the most reliable trouble-free car in China, beating out the mighty Toyota's legendary reliability.
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