When your CEO drives a Ferrari, that should tell you everything. If their "super car" is soooo great, why doesn't the CEO drive his own dancing super car?
BYD projected to sell 4 million evs this year. Their 2024 third quarter net revenue USD28.2 billion up 24% year on year while net profit USD1.6 billion up 18% year on year. Why would they be concerned about their debt. Cash is flowing in all the time for debt servicing.
Chinese craftsmanship and quality are known worldwide to take shortcuts and are second to none. At least they are #1 at something and should take pride in that.
The central bank of China will bail them out Xi could not take the embarrassment of china's "best" car manufacturer going under. It will be the same for huawei. The CCP just can't not be seen to fail at anything they and china have to be seen as being the best!
In Germany, we call these cars "Seelenverkäufer"-an absolute death trap, especially considering the elevated exposure to wear and tear on our Autobahn.
Look at Qquality and customer satisfaction in China, cars igniting suddenly. Beyond repair after a few years in operation, mentality of cutting corners.
Where can i verify your claim of the debt? Because i have looked into the last report als the reported debt is much much lower. More like 7 billion USD
Lol. Did you finally realize what this channel is all about? 300k views and 500k subscribers. How is it possible this type of channel gain so many fans? Everything is propaganda. On one end, you can say Americans are stupid for believing this. But on the other hand, it's quite hurtful. It shows Americans are really racist and they just want any excuse to hurt China. I mean, if you believe this channel, what does it say? Only someone who is really uneducated will believe such lies.
Basically all economic numbers coming from China are fake. That is why actual economist use satellite pictures of the light pollution to predict the economic activity. Like they meat the CCP growth target every year since 20 years. Sure that must be true.
Well said! Supposedly byd sells 2x the cars as tesla, but half are just phevs. Yet barely makes anything profit wise. Has 6x the employees vs feels and 4x the factories to pay for and over 10x teslas debt!
If one was to do a little bit of research you would find..... "According to BYD's latest financial reports the company's total debt is $7.04 Billion USD." Considering the revenue that is low! "In the first nine months of 2024, BYD's net profit increased by 18.1% to 25.2 billion yuan. Their third-quarter revenue increased by 24% year-on-year to 201.1 billion yuan ($28.24 billion USD)."
I think that "China Observers" assertions about BYD's debt level are incorrect. They appear to have confused debt with total liabilities.. (BYD reported total assets of $109bn, and total liabilities of $85bn, with total debt of $7bn. Equity is $24bn, so debt:equity is 29%, but total liabilities as a proportion of assets are 78%). BYD's financials seem pretty solid to me.
BYD (002594.SZ) - Total debt Total debt on the balance sheet as of September 2024 : $7.04 Billion USD According to BYD's latest financial reports the company's total debt is $7.04 Billion USD. A company’s total debt is the sum of all current and non-current debts.
The profit reports are grossly inflated because they count the vehicle as 'sold' when it leaves the plant....and is why there are tens of thousands of vehicles clogging fields where they can find them. They count as 'sold' but no money changed hands and came into the system....only government handouts for hitting production numbers is keeping them afloat. Their government is much like our Democrats who think they're SO much smarter than everyone else and when they tell us to buy EV's...we'll jump and do it even though we don't want them en mass.
BYD: _"Look, our car can dance!"_ Everyone: _"But can it stop without crashing, or not spontaneously burst into fla-"_ BYD: *_"DANCING CAR, WHAT MORE YOU WANT, LA???"_*
yeah looks like all test hours were spent on the parking lot, perfecting dance moves. when it came to road testing, the time was up and it was assumed all will be ok? lol
It will happen once they run out of space to dump their cars. Only then will they (people who aren't in the car industry) realize that it's not really being sold. Typical China strategy - out of sight, out of mind.
. There is no comparison.They are selling more evs than ever before. Their projected sale for 2024 is 4 million evs. They have only just getting warm. Net revenue for the third quarter this year isc USD28.2 billion, a 24% increase year on year. While net profit is USD1.6 billion, an 18% increase year on year. Unlike Evergrande with their incomplete and unsold real estate.
No one here mentions that all these cars are made using 70s technology when it comes to bodywork. In Poland, a motoring journalist checked the paint thickness and composition of the best Chinese car pretending to be English with a non-measurement meter and the results are not good. I mean the MG HS model. It turned out that the entire chassis and roof of the car are made of non-galvanized sheet metal. You know what that threatens after the first winter with salted roads. Potential buyers are not informed about this because then they would have to take into account the costs of additional chassis maintenance. There is nothing that can be done about the roof apart from regular waxing.
I'm curious how this initial flood of affordable EVs from China are going to hold out. They look great, the EV technology is great...but what about safety and build quality? The Western & Japanese auto makers have been doing this for 100 years and may be a bit stodgy and backward these days (other than Tesla) but they know how to build cars.
@@ChickensAndGardening If someone knows Russian, they should watch on UA-cam what happens after a year with Chinese cars in Russia. There are plenty of videos where the sunroof leaks like a sieve after rain. They break down frequently and the service centers do not want to fix the failures for free. About the Chinese MG, it is enough to read the responses of English owners because in the UK they are very popular cars (they do not have a good reputation).
Nearly every single "Chinese" created vehicle brand that came to the market has been nothing but a copy n paste of another established brand. The one thing Chinese or China seem to excel at is literally "cutting corners" at every corner possible! From their every day tofu building to now tofu vehicle.
@@zacksmith5644 Its called having eyes that can see and a mind that can notice. Being 100% reliant on some paper to inform you of reality is how you become propagandized. Who overwhelmingly writes these proof you demand of? What process did it undergo to be published? Why do you think that's any more reliable than anything else? Academia and journalism isn't what it once was. When dealing with a nation infamous of "saving face" by forging quality and hiding its flaws, are you really just going to swallow figures published by publicly released official channels just like that? Pitiful.
No car company that makes garbage would survive in north America. That's why i laugh at the idea of Chinese cars coming to usa or Canada because they wouldn't sell after being reviewed.
Seems the formula is simple enough, start business, issue stock, transfer to crypto , file bk, relocate , repeat. This why they don’t care about image or quality
Exactly. Moreover, they leave all the tax arrears and other costs behind this way in Europe. Even family businesses operate this way not just bigger ones. They are born scammers it seems.
@@SerendipityChildNo it didn't. Australian made cars were crap quality (although not Chinese crap). Also, there are plenty of non Chinese countries that manufacture cars.
I’m in my second BYD here in Brazil, the building quality and customer service is far superior than the same price counterparts here, it has changed the local car market making the old players have cuts in prices that have not been seen in years, wake up people, subsidized or not, more options in local car market is better for the costumer
BYD's actual debt is closer to $7 billion rather than the much higher $73 billion figure. The confusion likely stems from BYD's enterprise value, which stands around $109 billion, encompassing both debt and equity adjustments but does not represent direct debt. BYD maintains a relatively manageable financial position, with a debt-to-equity ratio of around 0.29 and strong cash reserves of about $13 billion, which effectively keeps it in a net cash position of around $6 billion. Overall, BYD's debt load appears sustainable given its cash flow and asset structure
BYD (002594.SZ) - Total debt Total debt on the balance sheet as of September 2024 : $7.04 Billion USD According to BYD's latest financial reports the company's total debt is $7.04 Billion USD. A company’s total debt is the sum of all current and non-current debts.
So why does Ford, GM, Mercedes, BMW, VW said the Chinese auto makers are a existential threat to them and they need government assistance to survive. Don't say it is Chinese government substitutes and they are selling them at a lost. If it is government substitutes then don't have massive tariff on them and let them sell it at a lost while the consumer benefits and let them go the Chinese go bankrupt.
I think these guys have figured it out. They know the the average customer will always go for a car with a built-in Karaoke system over a car with extra safety system. Who cares about high quality engineering? Just put some gizmos in it so I can impress my friends
@@angleseyandy9110 I don't mind some EVs... got to hone the tech. But there is zero reasons why we should play the ccp's game of de-industrializing us through illegal dumping to help them in their coming war against us
The electric viking has a video debunking the headline of this video. BYD doesn't have $73B in debt. It's debt is ~$13B but it has cash on hand that is larger than the debt amount. Electric Viking says China Obsever just lies.
At 7:25 in the video, you can see the upper control arm for the front wheel just barely above the tire tread. In winter driving, this would be exposed to a continuous salt water spray which would cause it to rust and break within a few years. Imagine driving down the road when your front suspension and steering suddenly collapses and causes your car to go out of control. If you say that BYD will shield the control arm, there will not be enough clearance for the tire.
9:00 - " Relying on Chinese parts raises costs significantly and adds to reliability safety issues. " Wait what? How? Shouldn't using locally produced parts LOWER costs? You don't have to ship it from overseas. And why would it make safety issues worse? If safety is a problem, then improve the quality of parts.
Its such a small niche that like bouncing cars, how did they see a lowrider show and think that's what the average Chinese person wanted? Only themselves to blame
I must agree with your report's analysis, but please note that there is a world of difference between "craftsmanship" and workmanship. A true Craftsman takes pride in their work. A workman merely finishes one task as the assembly line keeps moving along . QC(quality control) is supposed to catch any defects, but that's generally after the product has already rolled off the production line. Build quality is designed into a product. The short duration of the cycle from CAD to rapid prototyping to hitting the assembly line ensures that"planned obsolescence" is inherent, hence the over-production of models either lacking features or ones overladen with things no one really wants. (not willing to pay more for) The "dancing car" is a prime example of this. It serves no purpose, other than for showing off while it's shouting "Hey! Look at me. Look what I can do. Your car can't do that!" BYD will have to learn the hard way l suppose. Safety and reliability must be of paramount importance. Not glitzy gimmicky gizmos that are sure to break down and incur expensive repair bills. As an American, l feel that transportation is to get me from Point A to Point B, with safety and dependently ranking the highest. I don't need it to go 200 mph, have self-driving capability or offer me a latté with all the latest in entertainment. It's obvious that without the massive subsidies BYD would have ceased to exist. Based upon the price of their vehicles, they're clearly intended for the export market. In case the execs at BYD didn't get the memo, both the EU and the US are planning on tariffs that will render it's products "over-priced" and irrelevant. BYD is living in a fairytale world and soon it's all going come crashing down around them.
@@triadwarfareJapanese learned Americans desire reliability after domestic brands lacked longevity and resale value, something china will need to learn
BYD (002594.SZ) - Total debt Total debt on the balance sheet as of September 2024 : $7.04 Billion USD According to BYD's latest financial reports the company's total debt is $7.04 Billion USD. A company’s total debt is the sum of all current and non-current debts.
I live in China and BYD cars are everywhere. All government departments have fleets of BYD, I highly doubt they will sink. They are too big and important to the country.
Our workshop in Melbourne Aust recently had a Haval with rusted out driver's floor. It was 18 months old, and was a write-off, because the floor is part of the chassis and therefore can't have welded repairs. No rust treatment, a spilled water bottle, car written off.
BS. As of September 2024, BYD’s total debt stands at approximately $7.04 billion USD. This figure combines both short-term and long-term liabilities. The company maintains a relatively low debt-to-equity ratio of 0.32, indicating a conservative use of debt in relation to its equity, which is $21.97 billion USD
How can our governments and vehicle safety standards that are set by our laws be bypassed and these dangerous vehicles be allowed to be imported and sold ……. ?
It won't even matter no one will buy them in the US. Electric vehicles got a long way to go before being used widely here. That's why Hertz is hurting the spent to much on EVs that nobody rents from them
@@ashleycampbell6825😂 no that is what china wants you to think! They will cheat and reduce every part after testing.... Corruption and no values is why 😮
And BYD wants to start selling vehicles in America? I don’t think that will happen under the Trump Administration, the applied tariffs that Trump proposes would take a large share of BYD’s profit. I don’t think BYD vehicles will pass America’s safety tests to allow them to be sold here in the States anyway …
@ Yes, I know that but by attaching a high tariff to Chinese imports, the American buyers will not be funding the CCP (who also finances their automotive manufacturing industry) and by purchasing a American manufactured car they can keep American auto workers working. Notice how and did not mention the poor safety issues or standards regarding Chinese manufactured vehicles or anything about their manufactures stealing technologies without any repercussions from other car makers …
Anyone who buys one of these in the UK is going to have a servicing nightmare, our local Peugeot dealer has switched to BYD but the dealer network will be swamped in the same way that Tesla service centres are currently over-subscribed (Winchester SC now quoting nearest availability is 42 days!). Coupled with spare parts shortages and lack of knowledge, owning one of these vehicles and trying to get any warranty issues sorted is gonna suck big time.
Tofu brain may not. But the rest of us will. They already outsold Tesla in Asean. They also control 53% of the market in Latin America. The next could be Down Under. They just got started.
Why would you want a car from a country where any employee of a company has no incentive to do a proper job because if they complained about the standard of assembly and construction, they would get fired or worse.
BYD is not making cars but making toys car. 😂😂😂😂😂 Cheap quality ignore car safety. Did they having approval crash car testing before roll out their products 😂😂😂
For years I have been waiting for someone to produce a car with that sort of active suspension that can drive over speed bumps without you even feeling them. Radar range finding unit senses road profile and pulls up the wheel as it start riding up a speedbump and pushes the wheel back down as you drive off it. Do it just right and there will be zero change in the force transmitted to the car body.
BYD going under would be like 3 to 4 major car manufacturers like Ford, Chevy and Honda going under all at once. It would be so devastating to the Chinese economy the government likely won’t let them fail. Same with Huawei but to a far lesser extent.
Why do you ask why? They don't care about the quality of their products because they don't care about the quality of their customers. Ironic that one of the longest-lasting civilizations couldn't care less about the future of its citizens.
In the video, the guy said he “slammed the brakes at 150mph and they failed.” What kind of idiot would slam the brakes when going at 150mph? No brakes would stop the car at that speed.
They make a great push trying to put others out of business but if they don't manage to do that they are done. People will see with time ( if not on face value when driving the car ) that these cars are not cheap just because of chinese govt. At that moment, those that survived this wave will jump and we are back on track.
BYD are new in my country but their sells kinda worst because people are afraid of the maintenance because of the brand is new in my country The parts is kinda rear Unlike Suzuki.
They're not building to order, so sales aren't linked to production. When the government subsides expansion. The fact that they build the most does not mean they outperform the others.
The source mentioned in the video is "a concerned individual familiar with the Chinese automotive sector" who reviewed the latest mid-year report. The odd thing is that the debt stated ($73B) is around 10 times higher than that of the latest financial statement.
@@bernoulli01 I’m not disputing the numbers. I just wanted to read the data for myself. I just want to know if this channel has credible information, otherwise I’ll have to block it.
@St.Maurice my point really is that you should dispute the numbers. All other sources state a much lower debt. China Observer is very biased. Why do they need to cite an anonymous source who has read the financial report instead of just citing the actual report?
And this is why I won’t consider a Chinese vehicle for at least another 5yrs. It’s not like buying a phone or a toaster. Long term support and reliability are paramount. The odds of you car becoming a scrap metal brick when the manufacturer goes bankrupt are significant.
My biggest concern would be safety. All the videos of airbags that don't deploy, seats that break on impact, the design of the rear crash bar shown in this video. If your phone dies, what ever, but with a car the personal risks are a little bit bigger.
@ 100% agree! Japan and Korea had to spend many years to join the respected car brands club. 5yrs bare minimum to at least see which brands haven’t gone bankrupt. Next, I’ll only buy a brand that has a decent service and prompt parts supply chain in my country. The “sucks to be you” after sales and warranty culture that some how is acceptable in China, won’t cut it in Australia. We gave up our car manufacturing here in Australia because we couldn’t compete. I’m not handing over my money and risking my life unless they sell a quality, safe product.
@ my best buddy is sending their money to Hong Kong and from there to USA in purchasing real estate in California with cash. There is your source and proof. Check out the mainland Chinese in Newport Beach and Irvine where houses are paid in cash.
Honestly, what kind of muppet wants a 2 ton "sports car" that can do bunny hops.
Little Pinks? CCP fanbois?
We can find better ones in California.
I once went to a car modding show in LA - let me tell, there were thousands of 'muppets' who would like one of those.
The younger generations brought up on influencers and an education system which abandoned critical thinking for woke, left wing brainwashing.
Kermit the flog
When your CEO drives a Ferrari, that should tell you everything. If their "super car" is soooo great, why doesn't the CEO drive his own dancing super car?
Because he loves a cultish Statussymbol to Drive!
@@BrunoHeggli-zp3nlbecause he is not a moron that is why he is ceo and not a worker for this company 😂
It's funny that you mention it, considering that Ford CEO is now daily driving a Xiaomi car
Ford CEO drives a Xiaomi. Musk has a Porsche. For your INFO
Mate Rimac has a BMW
BYD
Build Your Debt?
Got it!
My post was delteed then S.B. criminals. j
BYD = buy your death
@@turnip9186 I had a similar post but it was deleted. beware,
BYD projected to sell 4 million evs this year. Their 2024 third quarter net revenue USD28.2 billion up 24% year on year while net profit USD1.6 billion up 18% year on year. Why would they be concerned about their debt. Cash is flowing in all the time for debt servicing.
@@turnip9186
Bring your dollar. They are bigger than Tesla now.
Chinese craftsmanship and quality are known worldwide to take shortcuts and are second to none. At least they are #1 at something and should take pride in that.
Now imagine how “good” their naval/air/land force equipment quality is. Lol
@@jayethompson3414something something "quantity is a quality of its own". They'll just flood the waterways with their maritime militia ships.
@@triadwarfare and those maritime militia ships flooding the waterways will just flood themselves from the tofu dreg construction. China proud 🥹
@@jayethompson3414there is a reason why nobody is Buying Chinese military equipment.
Damn right. China is world #1 in collapsing. According to ppl like China observer, China has totally collapsed.
I don't see anything that a pack of noodles wouldn't fix
LOL. You win!
Good one
The auto industry seems to have the same flaw as the construction industry. Build it faster, don't worry about the quality. Then build something else.
Grab the money, move along.
This is known as
TOFU DREG 😂😂😂😂😂
all industries have the same flaw in zhina
Spot on. Our government and regulators allowing this and no accountability.
Industry responds to consumer demand. This is what consumer wants.
Dog shix still smells the same, even when you paint it pretty colors. The rust under that "crash beam" is the tip of the iceberg.
Who the hell is shix?
@@justicedemocrat9357 shat or P00p is what come out of the rear when you crash one of these deathtrap
@@justicedemocrat9357His boyfriend.
Really Dont think that that was rust at all, Really looks Just dirt. But i Dont trust at all byd cars.
@ Why don’t you trust them?
The central bank of China will bail them out Xi could not take the embarrassment of china's "best" car manufacturer going under. It will be the same for huawei.
The CCP just can't not be seen to fail at anything they and china have to be seen as being the best!
Like America saved Detroit in 2008,
@@banelemdzanga2008 that was a complet diferent situation
Agreed.
BYD will be bailed out for sure
Not so sure. They let Evergrande and co fail.
@@JS-rz5gx they made evergrande fail by changing the rules overnight
In Germany, we call these cars "Seelenverkäufer"-an absolute death trap, especially considering the elevated exposure to wear and tear on our Autobahn.
BYD evs have 5 star safety rating from Euro NCAP. Unless as a European you don't trust your own safety agency test results.
@@kamsunleong6648 the prevailing attitude still is: chabuduo, or ‘close enough’ 😉
@@kamsunleong6648
BYD got 5 stars after paying the EU safety inspectors big cash and threatens their families.
@@PrettyRynyk Bribery
@@kamsunleong6648 not to mention Nio having access to Volvo's chassis,
BYD, Bring Your Detonator! Our Products are environmentally friendly they dispose of themselves!
Yet they sell more evs than the rest of the competition. Putting fear into Washington and EU. High tariffs won't stop them.
Those things pollute everything while they burn down.
@@riverlady982 provide proof . Waiting
Show ncap test results
Noticed u didn't provide proof. Show ncap test results
I was pretty sure its known as burn your drive way or burn your dealership lol.
These cars are not made to last, producing garbage, wasting resources.
Prove it karen . Show ncap test results
Look at Qquality and customer satisfaction in China, cars igniting suddenly. Beyond repair after a few years in operation, mentality of cutting corners.
Which automaker produces cars that last and are not garbage that dont waste resources ?
@@waynefergusson9987toyota's hoing strong. Honda and Mazda. Aside from "special" edition products.
@@ninawegmann2997do you know why Congress is spending billions on fake news
Source is at congressional budget site
Where can i verify your claim of the debt? Because i have looked into the last report als the reported debt is much much lower. More like 7 billion USD
Yes, I also tried to find out how much BYD's debt, the debt is not as big as this video claims
Lol. Did you finally realize what this channel is all about? 300k views and 500k subscribers. How is it possible this type of channel gain so many fans? Everything is propaganda. On one end, you can say Americans are stupid for believing this. But on the other hand, it's quite hurtful. It shows Americans are really racist and they just want any excuse to hurt China. I mean, if you believe this channel, what does it say? Only someone who is really uneducated will believe such lies.
@@hendra7322that's liability. Assets are much higher though
BYD "MIGHT" struggle to stay afloat this year." By falsifying sales figures, they're already sunk.
Fitch rating for Byd is AAA, Fitch rating for Tesla is BBB
Source ??? Proof ???
Waiting
Not sunk yet but sinking fast, proof is in the byd graveyards in chn.
Basically all economic numbers coming from China are fake. That is why actual economist use satellite pictures of the light pollution to predict the economic activity. Like they meat the CCP growth target every year since 20 years. Sure that must be true.
Well said! Supposedly byd sells 2x the cars as tesla, but half are just phevs.
Yet barely makes anything profit wise.
Has 6x the employees vs feels and 4x the factories to pay for and over 10x teslas debt!
once those subsidies run dry... the crash will be big.
edit: 10 yuan profit before govt subsidies?! they need those subsidies
Brother, that was $.40 USD after subsidies. Without..... probably losing 15-20k USD per. Nuts huh!
Why would subsidies end?
@@georgeburns7251most likely because the government will run out of money. They already are.
They won't let it happen.
If they let it, it's to steal foreign money
@@georgeburns7251 if they cant afford it the subsidies end. they are keeping byd alive as an image thing even though its a loss leader
If one was to do a little bit of research you would find.....
"According to BYD's latest financial reports the company's total debt is $7.04 Billion USD."
Considering the revenue that is low!
"In the first nine months of 2024, BYD's net profit increased by 18.1% to 25.2 billion yuan. Their third-quarter revenue increased by 24% year-on-year to 201.1 billion yuan ($28.24 billion USD)."
I think that "China Observers" assertions about BYD's debt level are incorrect. They appear to have confused debt with total liabilities.. (BYD reported total assets of $109bn, and total liabilities of $85bn, with total debt of $7bn. Equity is $24bn, so debt:equity is 29%, but total liabilities as a proportion of assets are 78%). BYD's financials seem pretty solid to me.
you belive a chinese company´s cooked books ?
BYD (002594.SZ) - Total debt
Total debt on the balance sheet as of September 2024 : $7.04 Billion USD
According to BYD's latest financial reports the company's total debt is $7.04 Billion USD. A company’s total debt is the sum of all current and non-current debts.
@@TheGesoxwhere he got the info???
The profit reports are grossly inflated because they count the vehicle as 'sold' when it leaves the plant....and is why there are tens of thousands of vehicles clogging fields where they can find them. They count as 'sold' but no money changed hands and came into the system....only government handouts for hitting production numbers is keeping them afloat.
Their government is much like our Democrats who think they're SO much smarter than everyone else and when they tell us to buy EV's...we'll jump and do it even though we don't want them en mass.
BYD: _"Look, our car can dance!"_
Everyone: _"But can it stop without crashing, or not spontaneously burst into fla-"_
BYD: *_"DANCING CAR, WHAT MORE YOU WANT, LA???"_*
yeah looks like all test hours were spent on the parking lot, perfecting dance moves. when it came to road testing, the time was up and it was assumed all will be ok? lol
So China it hurts
@Infernal_Elf provide proof
It's either BYD or By D, not By Y D.
It's Bye YD
You are wrong. He is saying bye because it is going "bye-bye".
BYD, officially beyond your dreams
@@HeinzBuchler-vg9dx wumao
It was bugging me, too!
I always try to avoid buying Chinese crap whenever possible.
Good for you. Make sure nothing in your home is made in China.
Yes, BYD is the next Evergrande.
not going happen, BYD got sugar Daddy to rescue
It will happen once they run out of space to dump their cars. Only then will they (people who aren't in the car industry) realize that it's not really being sold. Typical China strategy - out of sight, out of mind.
. There is no comparison.They are selling more evs than ever before. Their projected sale for 2024 is 4 million evs. They have only just getting warm. Net revenue for the third quarter this year isc USD28.2 billion, a 24% increase year on year. While net profit is USD1.6 billion, an 18% increase year on year. Unlike Evergrande with their incomplete and unsold real estate.
@@kamsunleong6648 🤷♂ We'll see.
@@kobolds638Sugar Daddy Xi
No one here mentions that all these cars are made using 70s technology when it comes to bodywork. In Poland, a motoring journalist checked the paint thickness and composition of the best Chinese car pretending to be English with a non-measurement meter and the results are not good. I mean the MG HS model. It turned out that the entire chassis and roof of the car are made of non-galvanized sheet metal. You know what that threatens after the first winter with salted roads. Potential buyers are not informed about this because then they would have to take into account the costs of additional chassis maintenance. There is nothing that can be done about the roof apart from regular waxing.
I'm curious how this initial flood of affordable EVs from China are going to hold out. They look great, the EV technology is great...but what about safety and build quality? The Western & Japanese auto makers have been doing this for 100 years and may be a bit stodgy and backward these days (other than Tesla) but they know how to build cars.
@@ChickensAndGardening If someone knows Russian, they should watch on UA-cam what happens after a year with Chinese cars in Russia. There are plenty of videos where the sunroof leaks like a sieve after rain. They break down frequently and the service centers do not want to fix the failures for free. About the Chinese MG, it is enough to read the responses of English owners because in the UK they are very popular cars (they do not have a good reputation).
@@ChickensAndGardening source v? Proof ????
Where is your proof
@@smiechuwarte-qt8pn ok prove it . Why russia ? Why not other nations ?
U haven't provided proof
Show ncap test results
@@zacksmith5644 Watch the first video you come across with the title Китайский авто спустя год - ПЛОХО!
BYD opened sales in MX. A country with poor electricity service and worse local grids. Hiilarious.
Maybe they have diesel generators at homes to charge these things?
most of these gov enterprises are in debt and depend on subsidize to survive .
That's tesla
And they're selling this crap in the UK
don't these get screwed by the import tariffs in the UK as well?
I guess the uk has done no safety tests or inspections at all on these cars
I can’t help but laugh when I see one on the roads here, how can you be so stupid to buy one, like really what were they thinking?
Not to me.
Nearly every single "Chinese" created vehicle brand that came to the market has been nothing but a copy n paste of another established brand. The one thing Chinese or China seem to excel at is literally "cutting corners" at every corner possible! From their every day tofu building to now tofu vehicle.
Source ? Proof ?
Where is your proof ? Which part ? Which model ? Which part is copied ?
Any proof of your claim?
@@zacksmith5644 Its called having eyes that can see and a mind that can notice. Being 100% reliant on some paper to inform you of reality is how you become propagandized.
Who overwhelmingly writes these proof you demand of? What process did it undergo to be published? Why do you think that's any more reliable than anything else? Academia and journalism isn't what it once was. When dealing with a nation infamous of "saving face" by forging quality and hiding its flaws, are you really just going to swallow figures published by publicly released official channels just like that? Pitiful.
No car company that makes garbage would survive in north America.
That's why i laugh at the idea of Chinese cars coming to usa or Canada because they wouldn't sell after being reviewed.
Naw, they will for a few years if they are cheap enough.
And yet the voted Donald trump in.
and even in Europe where theirs a strict quality checks.
The CEO of Ford owns a Chinese EV and openly talks about how much he loves it.
@@rs1803 wouldn't it be more like testing it?
$73 billion debt total rubbish they have enough cash on hand to pay off their debt at any time &# bill is BS
Seems the formula is simple enough, start business, issue stock, transfer to crypto , file bk, relocate , repeat. This why they don’t care about image or quality
BYD. Where quality isn’t even an afterthought.
Exactly. Moreover, they leave all the tax arrears and other costs behind this way in Europe. Even family businesses operate this way not just bigger ones. They are born scammers it seems.
According to BYD's latest financial reports the company's total debt is €6.63 Billion, so strong doubt about the video
They are selling well and customers are satisfied with their products according to the polls
With the Australian government welcoming them in here, I don't think it will be too long before similar problems to happen here.
Scraping our domestic vehicle manufacture technology put us into a vulnerable position
Where is your proof ? Show ncap test results
@@SerendipityChild source ? Proof b?
People decide what they want to buy . Who are u to stop people from their choice ?
@@SerendipityChildNo it didn't.
Australian made cars were crap quality (although not Chinese crap).
Also, there are plenty of non Chinese countries that manufacture cars.
@JS-rz5gx sure buddy. Not being able to make cars is actually a good thing, and makes the supply more assured, better quality, and cheaper
77% is not recoverable. Bad times ahoy.
Aló automaker have debt
@laraserviciosca5983 not this kind.
I’m in my second BYD here in Brazil, the building quality and customer service is far superior than the same price counterparts here, it has changed the local car market making the old players have cuts in prices that have not been seen in years, wake up people, subsidized or not, more options in local car market is better for the costumer
BYD's actual debt is closer to $7 billion rather than the much higher $73 billion figure. The confusion likely stems from BYD's enterprise value, which stands around $109 billion, encompassing both debt and equity adjustments but does not represent direct debt. BYD maintains a relatively manageable financial position, with a debt-to-equity ratio of around 0.29 and strong cash reserves of about $13 billion, which effectively keeps it in a net cash position of around $6 billion. Overall, BYD's debt load appears sustainable given its cash flow and asset structure
I agree with you. Total debt by itself has no meaning. This video is meant to deceived simpletons. Not for informed people like you.
That's exactly why I still hold BYD stocks and sold Tesla. Just take a look at the facts.
@@peak-oil4751idiot
BYD (002594.SZ) - Total debt
Total debt on the balance sheet as of September 2024 : $7.04 Billion USD
According to BYD's latest financial reports the company's total debt is $7.04 Billion USD. A company’s total debt is the sum of all current and non-current debts.
Well this is after all a propaganda account. Everything china is bad for this account
So why does Ford, GM, Mercedes, BMW, VW said the Chinese auto makers are a existential threat to them and they need government assistance to survive. Don't say it is Chinese government substitutes and they are selling them at a lost. If it is government substitutes then don't have massive tariff on them and let them sell it at a lost while the consumer benefits and let them go the Chinese go bankrupt.
I live in Thailand -- BYD cars are everywhere.
Considering the amount of fires in BYD vehicles, a friend of mine calls them "Burn Your Driveway".
Prove it . Show ncap test results
@@zacksmith5644 CCP ball-washer detected, and blocked. Enjoy the echo-chamber of your own making.
@@zacksmith5644 Tell me of one good Chinese car 20 years old still on the road
@@Infernal_Elf I asked for ncap test results . Waiting
Blade batteries are safe
I think these guys have figured it out. They know the the average customer will always go for a car with a built-in Karaoke system over a car with extra safety system.
Who cares about high quality engineering? Just put some gizmos in it so I can impress my friends
Typical unexperienced chinese driver... in europe it will not work, we have some casualties/death by crash history 😮
NSYNC: "Bye Bye Bye Y D"😂😂(music intensifies)
Source ? Proof b?
I see BYD all the time on the roads in Thailand, I have yet to see any major complaints.
Ban ALL chinese EVs, computers, phones and apps NOW!
Better still ban all EVs
@@angleseyandy9110 I don't mind some EVs... got to hone the tech. But there is zero reasons why we should play the ccp's game of de-industrializing us through illegal dumping to help them in their coming war against us
You don't want to be able to buy iPhone?
@@angleseyandy9110 don't use that phone then
@@SerendipityChild iphones are made in india now
The electric viking has a video debunking the headline of this video. BYD doesn't have $73B in debt. It's debt is ~$13B but it has cash on hand that is larger than the debt amount. Electric Viking says China Obsever just lies.
At 7:25 in the video, you can see the upper control arm for the front wheel just barely above the tire tread. In winter driving, this would be exposed to a continuous salt water spray which would cause it to rust and break within a few years. Imagine driving down the road when your front suspension and steering suddenly collapses and causes your car to go out of control.
If you say that BYD will shield the control arm, there will not be enough clearance for the tire.
9:00 - " Relying on Chinese parts raises costs significantly and adds to reliability safety issues. "
Wait what? How? Shouldn't using locally produced parts LOWER costs? You don't have to ship it from overseas. And why would it make safety issues worse? If safety is a problem, then improve the quality of parts.
How can anyone trust a host reporting on BYD that doesn't even know how to pronounce BYD?
So obviously wrong.
BYD is the world's biggest maker of EV's and PHEVs.
They have a cash surplus.
Better check your figures.
Its such a small niche that like bouncing cars, how did they see a lowrider show and think that's what the average Chinese person wanted? Only themselves to blame
What is "buy Y D"?
You buy ，you dye
Buy You Douche!!
Buy yd, get it you buy yd or you bye yd
If Chinese EVs are so crappy why do Europe and US need to put super high tariffs on them?
Because they are cheap!
I must agree with your report's analysis, but please note that there is a world of difference between "craftsmanship" and workmanship.
A true Craftsman takes pride in their work. A workman merely finishes one task as the assembly line keeps moving along . QC(quality control) is supposed to catch any defects, but that's generally after the product has already rolled off the production line.
Build quality is designed into a product. The short duration of the cycle from CAD to rapid prototyping to hitting the assembly line ensures that"planned obsolescence" is inherent, hence the over-production of models either lacking features or ones overladen with things no one really wants. (not willing to pay more for) The "dancing car" is a prime example of this. It serves no purpose, other than for showing off while it's shouting "Hey! Look at me. Look what I can do. Your car can't do that!"
BYD will have to learn the hard way l suppose.
Safety and reliability must be of paramount importance.
Not glitzy gimmicky gizmos that are sure to break down and incur expensive repair bills.
As an American, l feel that transportation is to get me from Point A to Point B, with safety and dependently ranking the highest.
I don't need it to go 200 mph, have self-driving capability or offer me a latté with all the latest in entertainment.
It's obvious that without the massive subsidies BYD would have ceased to exist.
Based upon the price of their vehicles, they're clearly intended for the export market.
In case the execs at BYD didn't get the memo, both the EU and the US are planning on tariffs that will render it's products "over-priced" and irrelevant.
BYD is living in a fairytale world and soon it's all going come crashing down around them.
I think if you're an American, cupholders are more important than safety. I think that's what the Japanese learned what sells over there.
@@triadwarfareJapanese learned Americans desire reliability after domestic brands lacked longevity and resale value, something china will need to learn
How can a company even get into that much debt making/selling cars ?
Thats hust normal!
Ask Ford and General Motors…
They have more debt.
BYD sold more cars than Ford last year.
BYD (002594.SZ) - Total debt
Total debt on the balance sheet as of September 2024 : $7.04 Billion USD
According to BYD's latest financial reports the company's total debt is $7.04 Billion USD. A company’s total debt is the sum of all current and non-current debts.
A car that shakes and blinks. Very like those boom boxes full of lights from China that we know how bad they sound.
I live in China and BYD cars are everywhere. All government departments have fleets of BYD, I highly doubt they will sink. They are too big and important to the country.
BRD skups costly testing, and jumps to making dancing cars... That sometimes spontaneously combust!
BYD is currently 7.3 billion in debt NOT 73 billion lol. Did someone get their decimal point in the wrong place?
Deliberate😂
Dancing Car LOL Americans have had this for over 30 years
Especially in California.
As a retail model? Show me 😂
Our workshop in Melbourne Aust recently had a Haval with rusted out driver's floor. It was 18 months old, and was a write-off, because the floor is part of the chassis and therefore can't have welded repairs. No rust treatment, a spilled water bottle, car written off.
I must be dumb as I thought a company first rule is to make money thereby increasing output and increased quality!
You are a lousy communist😂
BYD sells record 502,657 NEVs in Oct, exceeding 500,000 mark for 1st time. sorry haters
BS. As of September 2024, BYD’s total debt stands at approximately $7.04 billion USD. This figure combines both short-term and long-term liabilities. The company maintains a relatively low debt-to-equity ratio of 0.32, indicating a conservative use of debt in relation to its equity, which is $21.97 billion USD
In Australia, people buy Chinese cars like crazy.
How can our governments and vehicle safety standards that are set by our laws be bypassed and these dangerous vehicles be allowed to be imported and sold ……. ?
2 Production Lines. One [minimal quality] for the local market. Supposedly the better quality production line for the export market.
Made in China!
It won't even matter no one will buy them in the US. Electric vehicles got a long way to go before being used widely here. That's why Hertz is hurting the spent to much on EVs that nobody rents from them
Corruption
@@ashleycampbell6825😂 no that is what china wants you to think!
They will cheat and reduce every part after testing....
Corruption and no values is why 😮
And BYD wants to start selling vehicles in America? I don’t think that will happen under the Trump Administration, the applied tariffs that Trump proposes would take a large share of BYD’s profit. I don’t think BYD vehicles will pass America’s safety tests to allow them to be sold here in the States anyway …
Biden already put a 100% tariff on Chinese EV's
If the profits to be had are big enough, he'll just get rid of that testing department.
@
It appears you know nothing about liability claims and responsibility…
Tarrifs push costs on importers, not BYD themselves, customers and dealerships bear the costs
@
Yes, I know that but by attaching a high tariff to Chinese imports, the American buyers will not be funding the CCP (who also finances their automotive manufacturing industry) and by purchasing a American manufactured car they can keep American auto workers working. Notice how and did not mention the poor safety issues or standards regarding Chinese manufactured vehicles or anything about their manufactures stealing technologies without any repercussions from other car makers …
Anyone who buys one of these in the UK is going to have a servicing nightmare, our local Peugeot dealer has switched to BYD but the dealer network will be swamped in the same way that Tesla service centres are currently over-subscribed (Winchester SC now quoting nearest availability is 42 days!). Coupled with spare parts shortages and lack of knowledge, owning one of these vehicles and trying to get any warranty issues sorted is gonna suck big time.
Wtf would u buy a tofu ccp ev over a Tesla??? 😂😂😂
😂😂😂😂 this is literally the expensive toys. 😂
How about neither😂
Tofu brain may not. But the rest of us will. They already outsold Tesla in Asean. They also control 53% of the market in Latin America. The next could be Down Under. They just got started.
I wouldn't buy either one..
Are you living under a rock? Only poor people buy Chinese products if they ain't broke they would go for Western products.
Just came after watching Electric Viking debunk this video. Seems like a lot of gullible people following this channel.
BYD’s Net debt amounts to ca. 7-8 bn $. Where did you get the 500bn yuan (ca. 70bn $)?
Why would you want a car from a country where any employee of a company has no incentive to do a proper job because if they complained about the standard of assembly and construction, they would get fired or worse.
Boeing make cars?
@@shaunvduke Am I on the wrong page?
BYD is not making cars but making toys car. 😂😂😂😂😂 Cheap quality ignore car safety. Did they having approval crash car testing before roll out their products 😂😂😂
For years I have been waiting for someone to produce a car with that sort of active suspension that can drive over speed bumps without you even feeling them. Radar range finding unit senses road profile and pulls up the wheel as it start riding up a speedbump and pushes the wheel back down as you drive off it. Do it just right and there will be zero change in the force transmitted to the car body.
Bose developed such a system 10 years ago but in the end it was to complex (-> expensive) and to heavy.
When Europe and USA stops buying Chinese cars this company may close after heavy discounts with other Chinese cars manufacturer
The definition of profit is revenue minus all input cost. R&D costs are already factored in.
BYD going under would be like 3 to 4 major car manufacturers like Ford, Chevy and Honda going under all at once.
It would be so devastating to the Chinese economy the government likely won’t let them fail.
Same with Huawei but to a far lesser extent.
“Cheat if you can” a well known Chinese phrase.
Trying to copy a Corvette 🇨🇳😢
where does this come from? a quick google search only give 7.04 Billion USD in debt??
Why do you ask why? They don't care about the quality of their products because they don't care about the quality of their customers. Ironic that one of the longest-lasting civilizations couldn't care less about the future of its citizens.
LOL, you just described the USA but are too clueless to know it!! LMAO
@@dochi1958 I am not American, but I have lived in China for six years.
That rear crash bar is ridiculous. You would be better protected using a row of aluminum cans laid side by side. Plus, it won't rust.
In the video, the guy said he “slammed the brakes at 150mph and they failed.” What kind of idiot would slam the brakes when going at 150mph? No brakes would stop the car at that speed.
what world you live in pal, breaks were supposed to stop the car, even at fuckin top speed.
American propaganda at its best. It's so sad you're losing out immensely.
All that debt and they still keep pumping those dumb cars out. No end to the greed and stupidity.
BYD = Buy Your Disaster
They make a great push trying to put others out of business but if they don't manage to do that they are done. People will see with time ( if not on face value when driving the car ) that these cars are not cheap just because of chinese govt. At that moment, those that survived this wave will jump and we are back on track.
That pentagon mall is empty except for a farmer's market.
Chinese products cutting corners? I’m shocked.
BYD are new in my country but their sells kinda worst because people are afraid of the maintenance because of the brand is new in my country
The parts is kinda rear
Unlike Suzuki.
Bạn đến từ quốc gia nào ? Có vẻ BYD ở chỗ chúng tôi bán cũng khá tệ ! 😂
They're not building to order, so sales aren't linked to production. When the government subsides expansion. The fact that they build the most does not mean they outperform the others.
Can I have a source for that $73 billion in debt?
^^^
Crickets
The source mentioned in the video is "a concerned individual familiar with the Chinese automotive sector" who reviewed the latest mid-year report. The odd thing is that the debt stated ($73B) is around 10 times higher than that of the latest financial statement.
@@bernoulli01 I’m not disputing the numbers. I just wanted to read the data for myself. I just want to know if this channel has credible information, otherwise I’ll have to block it.
@St.Maurice my point really is that you should dispute the numbers. All other sources state a much lower debt. China Observer is very biased. Why do they need to cite an anonymous source who has read the financial report instead of just citing the actual report?
Links with sources would have been nice.
One my of coworker buy BYD last June. Lets see if it is still in use next summer...
I own one for lazy 3 years . Runs fine .
Your point ?
And this is why I won’t consider a Chinese vehicle for at least another 5yrs. It’s not like buying a phone or a toaster. Long term support and reliability are paramount. The odds of you car becoming a scrap metal brick when the manufacturer goes bankrupt are significant.
My biggest concern would be safety.
All the videos of airbags that don't deploy, seats that break on impact, the design of the rear crash bar shown in this video.
If your phone dies, what ever, but with a car the personal risks are a little bit bigger.
@ 100% agree! Japan and Korea had to spend many years to join the respected car brands club. 5yrs bare minimum to at least see which brands haven’t gone bankrupt. Next, I’ll only buy a brand that has a decent service and prompt parts supply chain in my country. The “sucks to be you” after sales and warranty culture that some how is acceptable in China, won’t cut it in Australia. We gave up our car manufacturing here in Australia because we couldn’t compete. I’m not handing over my money and risking my life unless they sell a quality, safe product.
BYD executives are smuggling their money overseas.
Source ??? Proof ???
@ my best buddy is sending their money to Hong Kong and from there to USA in purchasing real estate in California with cash. There is your source and proof. Check out the mainland Chinese in Newport Beach and Irvine where houses are paid in cash.
BYDs may be cheaper upfront, but they lose value much faster each year.
They are also not safe to drive and poorly made
ah yes, release crap and sue a random guy for doing a better job with aftermarket parts, that will up sales /s
Source ?
Hope so - before they invest in Cambodia. This trash is the last thing needed in a not so wealthy SE Asian country.
China observer/China uncensored collab when?
BYD are one of those brands where cars catch fire.
Bring Your Doctor
Chinese copy cat products 😮😮😮😮
You can't treat manufacturing like some pump and dump products.
Totally biased video against BYD, full of inaccurate data
Propaganda account, don't take it too seriously.