How Chinese EV Giant BYD Is Taking On Tesla
Вставка
- Опубліковано 8 тра 2024
- Warren Buffett-backed BYD dethroned Tesla in the fourth quarter of 2023 as the world’s top EV maker, selling more battery-powered vehicles than its U.S. rival. BYD was founded by Wang Chuanfu and started making batteries for mobile phones in the 1990s. By 2003, it pivoted to autos and now has become the top car brand in China, as well as a major producer of batteries for electric vehicles. It’s now aggressively expanding globally, exporting over 240,000 cars across 70 countries last year. Elon Musk said in Tesla's Q4 earnings call that Chinese automakers will "demolish most other car companies in the world" unless regulators step in. With sights set on North America, BYD could try entering the U.S., but faces government opposition. CNBC explores whether BYD can sustain its relentless growth and what's next for this EV juggernaut.
Chapters:
00:00 - 02:29 Title card - The rise of BYD
02:30 Chapter 1 - Early days
07:39 Chapter 2 - Vehicles
10:41 Chapter 3 - Expansion outside China
Produced and Edited by: Andrew Evers
Supervising Producer: Jeniece Pettitt
Animation: Christina Locopo
Narration: Robert Ferris
Additional Footage: Tesla, BYD, Getty Images
» Subscribe to CNBC: cnb.cx/SubscribeCNBC
» Subscribe to CNBC TV: cnb.cx/SubscribeCNBCtelevision
About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.
Connect with CNBC News Online
Get the latest news: www.cnbc.com/
Follow CNBC on LinkedIn: cnb.cx/LinkedInCNBC
Follow CNBC News on Facebook: cnb.cx/LikeCNBC
Follow CNBC News on Twitter: cnb.cx/FollowCNBC
Follow CNBC News on Instagram: cnb.cx/InstagramCNBC
#CNBC
How Chinese EV Giant BYD Is Taking On Tesla - Авто та транспорт
Sooner or later US govt will declare BYD as national security threat 😂😂😂😂😂. Come on USA.....you can do better than this
😂😂 no we can't 😢
They should; we have to protect our manufacturing from subsidized and corrupt countries.
China protected their EV/battery industry by banning foreign competitors since 2016 to protect CATL/BYD, so why not?
@@taylorc2542 So Tesla did not receive any subside??And Tesla can sell half million cars in China every year.
DOnt lie,every EVs on planet are subsided ,here in Serbia this year will start production off FIAT Panda EV ,and FIAT received half bilion $ from our government for that,off course you want see that on news
@@taylorc2542 Rolf you are brainwashed if you think USA doesnt subsidize its car manufacturing.....look at how much money USA gave to bail out failed companies like Chrysler.
Still with Tesla stock, investors can never be sure what will happen next, bearish periods ultimately establish a new set of stocks to buy and watch while setting the stage for a robust new uptrend. I have been reading articles of people that grossed profits up to $250k during this crash, what are the best stocks to buy now or put on a watchlist?
For the average citizen, the tactics are rather demanding. In actuality, most of them are effectively completed by experts who possess the necessary knowledge and skill set to carry out such occupations.
If you lack market knowledge, your best bet is to seek advice or support from a consultant or investing coach. Contacting a consultant may sound simple, but it's how I've managed to stay afloat in the market and increase my portfolio to roughly 60% early this year. It is, in my opinion, the best way to get started in the industry right now.
How can I participate in this? I sincerely aspire to establish a secure financlal future and am eager to participate. Who is the driving force behind your success?
Monica Shawn Marti is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance
China: About 15% of automobile production is exported.
South Korea: About 70% of automobile production is exported.
Germany: About 75% of automobile production is exported.
Japan: About 50% of automobile production is exported.
United States: China’s auto industry has overcapacity.
Hola, this is Marco a car exporter from China looking for local car dealers in your area. I hope for doing cooperation with local market or you can recommend me to your friends ~ Thank you.
Flexible prices, streamlined logistics, guaranteed quality, and convenient transfers.
China Auto Export Factory Direct Supply.
Export New and Used Cars
Soon China will export 100% of EV production as their local economy implodes.
Wait till the Chinese build all these electric golf carts, south of the border for the American Market. The Fat Lady has just about to be Sung.
It is obvious that the United States has created another joke and lie😅
lmao, bro
BYD is a big sucess here in Brazil, my boss just bought one
Your boss is poor.
@@KP-xi4bj still waiting for proof😂
@@KP-xi4bj I am your boss .
@@user-xp7nk9dw8d zacksmith5963, is that you? LMFAO SMH
@@KP-xi4bjOr smart like a boss should be. Why pay more for something you could get for less with better quality? Smart people care about the product not their childish feelings towards the country it comes from.
I just want them in the US so the price war can drop the insane US car prices
Or simply move to China
thats never going to happen. Forget Tesla the Big 3 Autos will lobby hard against BYD
@@Wongseifu548Are they that good? Or are they (the government) afraid of China tech being on our roads?
@@taniabanes4707 Russian rage bait bot gonna rage bait. Nice AI profile picture btw 😂
@@patrickmccarthy5617They are not good but they have huge lobbying power. But if we are talking about governments being afraid of competitors considering China made sure Google and Facebook could not penetrate their market I wouldn't boast about the US being afraid
Look at how hypocritical the United States is, they promote free trade. American cars can be sold in China, but Chinese cars are prohibited from being sold in the United States. Is this fair? Government subsidies? Does the United States not subsidize their cars or large aircraft factories? Double standards.
Lol yeah considering china does not allow companies like Facebook and Google to penatrate their market or how it courts their are one sided the answer is yes. If one side plays fair and the other does not who do you think wins
@@Wongseifu548 Nope,they lose Chinese market cause they didn’t want to abide by China’s laws to store data in China,look at Apple in China,they stored users’ data inside China and Apple is doing fine in China.
Chinese apps and websites are freely available in the US, but American competitors are fully blocked from access at all (not just commercial penalties like the upcoming TikTok ban). If anything this is even more severe since online services provide much more value-added than cars.
@@tedwang906yes Chinese law...where they censor anything that bad mouths the CCP, any mention of Tienanmen Square and force you to turn over users who speak out......
No country really has a free market, the USA “killed” the Japanese economy and now the new threat is Chinese economy even tho domestically the Chinese economy is “dying”
In Brazil, they've built 4 factories, one for buses, trucks, light rail, batteries, wallbox, solar panels and this year they'll begin to build cars in an ex-Ford's Factory in Camaçari-BA!!! It's awesome.
😮
It's good to hear from you, a "3rd party". Listening to the CEO is like watching a BYD promotion video.
@@thomastruong8382 How do you know he is a third party and not a PR Bot?
Wow?! Geese.. is that part of the deal being member of the Brics?
@@skyak4493 PR Bot or not, makes no difference, China already so far ahead of us and everyone.
Elon Musk was making fun of them 4 years ago. Now he's asking the us government for protection measures.
In all seriousness, I understand why Musk didn't think of them as competition 4 years ago. When BYD was making ICE cars, their cars were not great, and I've heard stories of safety issues with BYD from the 2010-2018 period.
They started to make better cars when we entered the electric age, and they have their own battery supply so that's a huge advantage. The Han sedan in 2021 really turned it around for BYD in terms of perception and they have been rising ever since.
Elon Musk is not the one calling the US government not to accept Chinese automobile, it is the Big OEM that would lose big time to the BYD of this world. Musk wants Free Trade.
The U.S. will protect the interests of billionaires over that of the general public’s. Who cares about the majority of the population?!
Yes, because the CCP gives BYD BILLIONS of USD as direct subsidies / grants. They aren't profitable without the CCP paying for it
Musk's had a bad case of hubris, my friend!
If US companies are nervous maybe they shouldn't be replacing all of their lower cost vehicles with premium SUVs and Trucks
US legacy has simply passed cost increases on to the customer for many decades. That is why they can not build lower cost vehicles.
US automakers are not really competing in the small/compact vehicle segments.
Blame the "light truck" emissions exception, which will hopefully get corrected as EVs become the most practical way forward to meet the toughening standards.
US auto is building SUVs and trucks because those give better margins, precisely because of their higher price. They (except for Tesla) can't compete on EVs, so they seek to recoup their losses on those types of vehicles instead.
@@doujinflipthese companies will be bankrupt in less then a year and China cars won't be sold in the US.
Fun fact: a Honda civic is $15000 in China due to the ruthless competition
Weird way to put a comma
@@DylanL814corrected. Didn’t see it at first place
@@yeetian2774you're good
No competition in China, it's either subsidies or a forced joint venture with a local competitor, in this instance Dongfeng + cheap coal power + cheap labor due to the Hokou system.
@@tooltalk China already generates a larger percentage of their electricity from renewables than the US. And that is only going to grow because for them battery-backed renewable electricity is cheaper than coal; it's the reason China nowadays builds more renewables than the rest of the world added together.
It's similar to why they are the leading country in electric trucks, electric buses, transporting cargo and passengers by electric trains, electric cargo ships, etc; the lower TCO means they are increasing their country's competitiveness every time they dispose of an antiquated Diesel engine to put something electric in its place.
When American companies are on top: free market
When Chinese companies are on top: national security
free market is a lie
literally. Just another example of americans being selfish hypocrites
Uncle Sam's hypocrisy and double standards know no bounds
@@dlcolossus9127 when China stopped the demonstrators, "America support freedom of speech!"
When American students protests, "America want law and order"
😂😂😂
Well you could say that, but be honest, there is no FREE market in China for all Western countries.
I live in Norway, have Chinese collegue at work she drive Tesla, and my neighbor he’s American he drive BYD 😅 true story
You may not believe it, there are many Chinese people who cannot accept China becoming better. If there are things in China that are comparable to Europe and America, they will feel that the end of the world is coming. So, in the minds of many Chinese people, Tesla>>>>>>>>>>>>BYD
Hola, this is Marco a car exporter from China looking for local car dealers in your area. I hope for doing cooperation with local market or you can recommend me to your friends ~ Thank you.
Flexible prices, streamlined logistics, guaranteed quality, and convenient transfers.
China Auto Export Factory Direct Supply.
Export New and Used Cars
中国为世界提供了最公平的市场
我们多汉奸
我们汉奸多
People are buying more BYD than Tesla in Singapore at the moment.
Ofcourse. Quite a huge price difference between tesla and BYD there
No they're not. China is not truthful about the numbers. Why would you trust an enemy country?
another 3 rd world country singapore lolololololo
@@mr.stonerUDX714?????? stop using fentanyl!
@@mr.stonerUDX714 yeah... totally... check out Singapore GDP per capita and compare it to US GDP per capita... you might have a small surprise.
I just bought a BYD Seal. Live in Europe. Really great car.
I wanted the Dolphin but ended up with the cheaper Walrus model.
Chinese products don't last long. Unreliable vehicles got 2 star rating.
You wasted your money Bro
@@djspectrein I saw it catch on fire three times just in Hong Kong .
@@djspectrein you get what you pay for. why should china give you a 5 course meal when you only paid for a cookie
Don't buy Chinese things
As recession fears mount on Wall Street and inflation remains well above the Fed's 2% target, some of the top commentators in markets, business, and economics have been sounding off on just how bad they think the next downturn might be - and how far stocks may have to fall. I need ideas and advice on what investments to make to set myself up for retirement, my goal is to have a portfolio of at least $850k at the age of 60.
For the average citizen, the tactics are rather demanding. In actuality, most of them are effectively completed by experts who possess the necessary knowledge and skill set to carry out such occupations.
It comes down to technique; a downtrend gives you room to focus on the market and grow significantly in the short or long term. While it is easier to make money when the market is rising, a downtrend can still yield high returns if you have the necessary knowledge and skills. For this reason, I have been scaling up during this difficult period by working with an investment advisor; this has been the only way I have raised up to $150K in the last six months.
fascinating! I am new to this whole thing. I've heard that now is a wonderful time to buy, and basically, I have some cash hanging around in the bank that I would really like to spend, especially since inflation is at an all-time high. Who is this coach that helps you, and may I check them up?
One of the fiduciaries I deal with is Jennifer Lea Jenson. Just check the name. There would be a letter with the necessary information to set up an appointment.
thank you for sharing; I just looked up the broker you recommended on Google and was really impressed with her qualifications. I will immediately send her an email.
As a an automotive engineer who live in China, I couldn't angree more with this video.
Had to laugh about the 'threat to domestic automakers'....the domestic automakers are threatened by their own crappy products.
and unions
We used to laugh made in China. Now, made in US😅😅😅😅😅😅
Have Honda and Toyota long been in US? Or you consider these domestic companies?
And their obsession with GREED!!!
Come on, be real; are you going to blame the American soldiers for losing a war? It started with the scientists, and then engineers, capitalists, industrialists, politicians, and autoworkers are the last to blame. Actually, you can't even blame politicians because you elected them first of all, and they are paid by donors, not you. So, don't let the media tell you what to say, use your brain if you've got one.
My next car will be a BYD, test drove it last week, was very impressed, better than a Tesla IMO
genuine question - have you driven a Tesla?
@@kaylaharrop7639 yes, I have rented a few Tesla cars before
@@kaylaharrop7639 Tesla’s cement suspension turns every owner’s butt into a spring
@@user-zs6jc2rb9h You haven;t tried the new M3, suspension 200% better!
@@rozonoemi9374 Standard still low and they removed the gear shift, it's not the car it's the box
Congrats BYD China for making tech acessible to more people...not like the west biz culture of selling premium priced items for the sake of brand.... Kudos
I bought a BYD Atto 3 in Australia as it was way cheaper that the Tesla and the build quality was better. So far no problems.
Dear friends, do you have BYD sales in Australia?
that's total bs BYD quality is better than Tesla? LMFAO BYD was caught with white powders spewing out of their AC, yeah their quality is better
noproblems LOLOLOLOL dont park you crap box in the garage!!! lolololol
China can’t even do food safety properly let alone manufacture a car😂
@@Liukanginthehouse where are you based? In Australia the teslas are also built in China. Have you driven a BYD or just a keyboard warrior?
One of the best things BYD has is its own cargo ship fleet. That's a genius move!
Hmm
Make TOYOTA Tacoma Great Again 😎 Scotty Kilmer
VW had its own RO RO cargo ships to deliver Beatles back into '60s and '70s.
The Beatles had some great hits during that time. I thought they flew to the US though.@@tjts1
Why? Owning is cheaper than charter?
When I will have enough money, I'll get this Vehicle. ❤ From Pakistan and we will continue to support our iron brother China❤
Damn, we are so ripped off buying EV here. Their prices are so affordable with even longer ranges.
wait how come when a Chinese company is doing well is a threat? but Tesla doing well is not a threat?
Because 73% of industrial robots went to East Asia and more than 50% went to China specifically. Even when US car companies are manufacturing in low labor cost Mexico, they are so far behind they wouldn't be able to compete. But it's all for nothing because Chinese companies are coming to Mexico.
Cause they are a dictatorship that persecutes it's own people.
Because its American?
Because basically America hates china?
Because ...it's Chinese easy
Imagine an EV sell for $15k in US today. Wow, even with25% tariff, it’s still half the price of most EVs on sale.
High price of US cars are mainly due to saftey regulations. Those 15k cars don't meet standards in North America.
@@mr.wonderful4737 it meets EU and Australian standards. US just need to put up these barriers as an excuse.
你瞎了吗心怀不轨贴廉价标签！还有贵的车型！
BYD Seal costs around 50k in Europe. It´s more expensive than Model 3. They are not interrested to sell the low cost models here at least for now and unlike in China, they want to sell with nice profits.
@@mr.wonderful4737 It goes to EU though? Europe is like much more cautious than US in many ways😅
I drive BYD Seal, in Australia, better built more comfortable and better handling, previously a Tesla driver. Enjoyed the lower price too.
*Funny CNBC avoid to tell you the price of YangWang and other supercars and the special function YangWang series like floating and driving like a boat, driving sideways like a crab and etc*
I now live in Costa Rica. Two of my fellow American friends both bought BYD EVs. I was really impressed with the fit and finish of both cars, and the designs.
Yikes ,they should Do Better
@@yatarookayama8329cope
@@yatarookayama8329 nah, the united states of trash should do better lol
Hola, this is Marco a car exporter from China looking for local car dealers in your area. I hope for doing cooperation with local market or you can recommend me to your friends ~ Thank you.
Flexible prices, streamlined logistics, guaranteed quality, and convenient transfers.
China Auto Export Factory Direct Supply.
Export New and Used Cars
BYD is a bigger threat to legacy auto than a threat to Tesla.
US automakers with thumbs up their asses, once again
More specifically threats to Toyota. BYD's hybrids have a way bigger battery capacity up to 100miles range, run both smoother and quieter than Toyota's hybrids , and have same fuel efficiency as Toyota's hybrid, but less expensive.
The solution is to require the Chinese companies to form joint ventures with GM/Ford/Stellatis, using Big 3 factories and Big 3 workers. After all, it's the same thing they required for Western manufacturers.
@@taylorc2542 That was before ,Tesla has own factory
@@dzonikg :>> That was before ,Tesla has own factory
These legacy auto makers needed a wake up call ripping us all off thanks BYD
I don't have a BYD in the driveway, I have a BYD battery on the side of my house.
Was paying $3400 per year for electricity, but now I get paid $3000 per year for the electricity my solar produces. BYD is making me money. 😁
Low price with good quality, benefiting the citizen… that is a good new to all the consumers
Wait, watch, you'll see.......
@@garrystone561wait for how long? 20 years?
And bad for democracy if we depend on China
@@garrystone561 see what? Coming collapse of China?
Cool... in an era of inflation it would be good to see cheaper vehicles.
It's not just cheaper, it's even better
Slava TOYOTA Tundra 😎 Scotty Kilmer
Government tarriff made it's expensive
Chinese products you get what you paid, don't be fooled , there is Nothing that is "Cheap and Quality "
Chinese government subsidies made it cheap. It's not fair market competition
I lived in Indonesia, BYD just launched the products 3 months ago. EV car here is very expensive past years, e.g : Ioniq 6 and Kia EV6 price around $80k , Tesla Model 3 Around $100.000 and BYD seal AWD only $45k . With similar quality and experience for all those car, it will be easy to pick BYD Seal. Waiting for my BYD Seal arrive, cant wait !
Aren't the Ioniq's produced locally in Indonesia? They were #1 best-selling EV In 2023.
BYD seal is ABSOLUTELY amazing!
Yes
Hola, this is Marco a car exporter from China looking for local car dealers in your area. I hope for doing cooperation with local market or you can recommend me to your friends ~ Thank you.
Flexible prices, streamlined logistics, guaranteed quality, and convenient transfers.
China Auto Export Factory Direct Supply.
Export New and Used Cars
If Tesla is allowed to sell in China (China is one of its largest markets), why can't we bring BYD to the US. We should let the consumers benefit from them.
I have seen reviews from Australian UA-camrs. The cars are really the best in class on many things (price, interior design, screen sensitivity and even autonomous driving features). As consumers we should at least have the right to choose.
people aren't usually fond of their cars exploding. In China it's much easier to just cover up the incidents.
They are planning on entering the US market , right now they are still expanding globally, it’s a very popular car in most of Asia and the Middle East right now
That's like saying if you can use Baidu in the us why can't I use Google in China without a vpn
@@Wongseifu548You must not know that Microsoft Bing search is available in China, they followed the Chinese law by storing the Chinese data in China but Google refused to do so.
@@Wongseifu548 oops do your research. Google terminated their Chinese operations without being banned.
Yes, we need 10k or 20k starting EVs. If BYD can keep the price low, it’s gonna be very competitive.
They have a lower price because the tech was stolen. They didn’t have the overhead that comes with innovation.
In China, the BYD Seagull has a minimum configuration of only $9669 and a range of 305km
yeah, they stole technology that the US doesn't have in the first place@@deftone4u
@@deftone4u 1. like what tech they stole... like have you seen everyone used the "blade battery" beside BYD? (fyi, they developed that)
2. BYD's Driver Assistance System and self driving are legit🚮🤡, so i doubt that they stole those techs
so in conclusion, i have no idea what you're talking about
@@topg7490 China’s ENTIRE economy is from stolen trade secrets and tech! You have to be a fool to think otherwise. It’s their culture to steal they are where they are in the world because of stolen and copied technology. Period
Go with free market, go with BYD and any other car company that produces better car, not politics!
The argument that Chinese government overly subsidizes its EVs may not hold. As far as I know, China may give a 10-15% subsidy. Here in California, the state incentive may be between $3.5K to 5.5K, and the Federal may provide up to $7.5K. If you buy an M3 or MY, the total subsidy is about 20%. That simply means the high EV price is due to the crazy profit made by car makers.
Shh, don’t destroy their narrative
哈哈，中国对电动车的补贴只是8%的车船税。美国的补贴是多少?7500美元?已经超过汽车价值的20%。让这些无知的人活在梦里吧。还告诉这些人一个事实，就是中国8%的车船税补贴，针对全球任何汽车企业，Tesla，大众，奔驰，起亚，丰田。只要你销售的是电动车，就享受这补贴。美国的20%左右的补贴只补贴美国牌子，中国企业进去能享受补贴吗？
They have BYD in Mexico, why don’t they sell them here? Their prices are affordable in comparison to what US automakers offer, way better looking also
They do sell them in Mexico. They're also planning to build a factory. They don't sell them "here" because UA-cam isn't an appropriate marketing channel for cars.
Tesla is the same price
@@TheBestDealsIl hell no
In the name of national security, the american regime will ban the sell of Chinese EV in the usa, so, the chinese ev can not reach the american soil, except they build factories in the usa, but if that happens, the american regime will one day force the Chinese to sell their businesses to americans , like what they are doing to tiktok right now.
Because they will completely annihilate competition. They offer so much more for a much lower price. The US is panicking.
Here in Canada the big three and their dealers can pound salt. I am a senior here and the way they try to rip of this old guy with all their add ons is insane. Even knowing that I am on a fixed income they have no problems adding add ons like $10,000.00 for tinted windows. Come on BYD and destroy these guys.
Unfortunately even without political tensions between Canada and China, it is highly unlikely that BYD and other mainstream Chinese carmakers will export cars to Canada anytime soon. Most car markets across the world such as Australia, SE Asia, Latin America etc follow European safety standards, and since modern Chinese cars are meant for export as well, they are designed to meet those European standards, and with minimal modifications can be sold in all those markets as well. Canadian standards instead follow the US. Not that it is any more or less safe than European standards, but just different enough that it would cost BYD a good amount of time and resources to modify their cars to meet the US standards.
The upshot is the only reason BYD would sell cars in Canada would be they are also planning to enter the US market, and by federalizing their cars for US FMVSS standards, they would also essentially meet all Canadian standards. However, since it is unlikely BYD will enter the US market any time soon, not after what the US did to Huawei and any other Chinese brands considered a threat to "national security", BYD would not waste the time and money to federalize their cars just to sell in Canada.
@@tren133BYD has built 3 new plants in Mexico taking advantage NA trilateral trades.....soon NA auto industry won't exist in 10 years and only left with a few mechanics, tire shops...no car dealers or collision centres either !
@@jimmylam9846 😸
@@jimmylam9846 : >> BYD has built 3 new plants in Mexico taking advantage NA trilateral trades.
You could just buy the car without their tinted windows and take it to a third party who will do it for like $100
I want a BYD so bad but the arrogant US government banned with non-sense excuses.
They're an overnight success that followed and executed a 10+ year roadmap, building competencies, waiting for their moment
Hola, this is Marco a car exporter from China looking for local car dealers in your area. I hope for doing cooperation with local market or you can recommend me to your friends ~ Thank you.
Flexible prices, streamlined logistics, guaranteed quality, and convenient transfers.
China Auto Export Factory Direct Supply.
Export New and Used Cars
Good. It’s about time the American, EU and Japanese vehicle companies get some real competition. I was in Shanghai and what surprised me was the quality and technological level of the local Chinese brands. NIO, avatr, leap and Aito makes models that are much better value for money than their western counterparts. I used to think Chinese made products used to be copies, non innovative, low quality etc. it’s a new world and they’re at the forefront. Especially battery technology from CATL. They not only are vertically integrated from the mining to the finished product, but also invented the mining technology and battery chemistry makeup etc.
for the foreseeable future, the Americans and Europeans will cannot compete with these brands unless there is protectionism. This idea of Chinese cars flooding the American market is absurd ( since there are millions of American cars currently in China ).
The EU and USA are losing out. That's why they are putting tariffs on China Ev
Those perceptions are pre 2010 realities... They will linger on for another decade to two...
I live in Thailand where there are lots of BYD cars on the road unsurprisingly, but hardly a Tesla to be seen.
idk in Thailand, Tesla model 3 almost $100K here in Indonesia, i rarely see it
@@jonathanalexander7036 : how is Hyundai Ioniq 5 best selling EV in Indonesia? Is it because of local production?
China owns Thailand.
@@jonathanalexander7036 About 44,000 US buckaroos here in the Kingdom. BYD Dolpin about 20,000.
Easy decision.
Make TOYOTA Tacoma Great Kilmer 😎 Scotty Kilmer
This video is a very objective and informative. Thank you for the produce of such quality video.
❤well done BYD
Let them in. We need good, affordable EVs to fight climate change. We also need Chinese solar panels and batteries. My present car is a Tesla M3. I want my next car to be a BYD -a better car for half the price!
As much as I'm opposed to anything that supports the Chinese government, it may be a net good to let in cheap EVs (provided they're safe) to help solve climate change.
@@danheuser5148How the hell do electric vehicles fight climate change? Mining the minerals for the batteries produces a lot more pollution than ICE engines, ELECTRIC VEHICLES ARE CHARGED THROUGH FOSSIL FUEL POWER PLANTS and the batteries themselves pollute when they go bad.
You must think BYD vehicles always exploding and catching on fire in China helps the environment too? 😆
@@danheuser5148 I d buy chinese govt products over cia trash
Buying electric cars to fight climate change? 😂 you funny
@@Ihatecabinetmoths china is a greater existential threat than climate change...that's really funny
BYD head designer is Wolfgang Josef Egger (born 13 February 1963), who is a German car designer and formerly served as a head designer for the European luxury car brands Alfa Romeo, Audi and Lamborghini.
Big factz!
Still tofu dregg.
So he's a soulless merc, mkay.
@@ronschild9731whether u like it or hate Chinese cars will sell like hot cakes because their price at least 30% or more cheaper than Tesla or others with the same quality. If u still think Chinese products is like tofu then you’re living in the past, China tech advancement is faster than you think.
Just that the cars are made of low quality components.
It's fascinating to see BYD's rapid growth and success in the EV market, challenging Tesla's dominance in China. This competition is driving innovation and benefiting consumers with more options and competitive pricing.
just got back from China - they have amazing EVs.
Warren Buffet invested in BYD because Wang never showed up in a suit. He also had meals at the workers canteen everyday. He still does. Cost management in BYD is not a policy but a religion. Instead it put big money into R&D.
How old is Mr. Wang now ?
Obviously a marketing genius and an hand-on boss knowing his business from top to bottom.
Even the chief of Apple is meeting Wang. Do they have something (beneficial to the common folk) up in their sleeves?
@@hanmeng4833 BYD is making phones and batteries for Apple
@@hanmeng4833apple uses byd batteries
Wow.. i didnt know this.
Thanks.
i'd buy them. US automakers and Dealers have been screwing us over the last 10 years. So yea bring me on the 10-20k new car. Bao 5 i think would actually do very well int he US market.
Assuming they go with the 10-20k new car price, or do they greed it up like everyone else and go with the "well they can afford to pay more over there" mantra to maximize profits?
@Mike__B no i would say they will got with low prices for sure because thats the only way they will be able to take market share here as they have also been using same strategy in the other countries outside china like in the Europan ones or Australia
Same. Bao 5 would be my choice too
Yes but do we feel safe with you on the road with "made in China"? Heck No.
It is very hard to build dealer shops for them
Please bring BYD in Canada.
They do have an E bus plant here. In the world of electric China is the leader.
Was in Guangdong recently, seen few Tesla on the road. Design wise it's like 90s model can't compare to China made EV design which are modern and appeasing. There's not just BYD brand, so many EV brands on the road. With or without Tesla in China doesn't made a difference, design wise I wouldn't even look at Tesla in China.
Is this the "free market" I keep hearing about? Someone made a great product better than we're able to in the US, so we stop people from buying them because we're unable or refuse to do better. What a great country. Top of the world.
Lol someone made trash at a cheap price point
That is the hypocrisy of today's world in the name of free market
That is the hypocrisy of today's world in the name of free market
BYD makes junk quality cars, that's why, they are cheap.
@@Wongseifu548 Better than overprice junk
Huawei/DJI/WeChat/CATL: *National Security threat*
TikTok/BYD/Shein/Temu:
*Ban coming soon* 😂😂
Have they declared wechat as national security threat yet? Why isn't it banned yet. That's the true threat. Too many chinese in US, all using this app collecting data for the chinese net troops.
Because the BYD CEO isn’t busy with Twitter.
X you mean..
@@Bluex990Twitter was better before that clown ruined it
(x is a synergy )
@stefanomaurino8201 no twitter is why you see this anti tesla propaganda now, they have the widest profit margins meaning they can apply pressure to the barely profitable.
X is far better than twitter and less censorship
@@sebastianferreira6344
If Japan and South Korea can dominate the auto market, why cannot China?
and sooner you will be shaked by another new chinese car maker, xiaomi, who just sell more than 50000 cars in just 28mins right after it was launched.
what is 50K cars in relation to the population of China?
The us just needs to let byd take over so we can get good $10k cars without these insane dealers killing us all these years
My byd is showing rust under the paint in 18 months, you get what you pay for I guess, wouldn't touch another one, if you ever buy one ask for in writing on rust guarantee at least vw have 12 year rustproof Warranty
@@philgreen2932 all cars will rust under the right conditions. its just a matter of degree.
@@philgreen2932 bro, keep lying.
The capical will not let this happen. Just like they ban Huawei, ban Tic Tok, they will ban BYD soon.
@@yzlrelax1that's majority of car people on the internet. They lie about everything to shame a brand they hate. Made up stories
BYD is growing fast in Brazil. The other companies already dropped the price of some models. I have a new small pickup by Chevrolet and I'm looking forward to see the new pickup BYD will bring to the market and more price drops.
You will soon be able to buy BYD cars in FIRE SALES!
Thanks for the updated information please
You're missing the big picture. Byd and Tesla together are killing legacy auto makers.
i am at Michigan and really hope to get a BYD! unfortunately for some reason our free market doesn't allow BYD to come into our market... i envy folks in Australia and Europe and all over the world who can get cost-effective BYDs!
Because they’re just dumping it Mr.Chen lol
don't really care about dumping or not. i am just looking for a high-quality and cost-effective EV. @@hlcapa
@@hlcapa
As a consumer dies it matter? I certainly cannot afford a Porsche Taycan, eventhough that's my top ev choice.
"'I" not 'i',
@@hlcapa china sales is dumping
Usa sales is sales 😂
I’d like to see them enter the US market. Greater competition means greater choice for the people.
You must be from Calitoyofornia
GM, FORD And Stellantis are quivering in their pants about to poop 💩 on themselves if BYD enters the US EV market, O would buy TWO BYD cars for the price of a one American EV. BRING THEM ON ASAP 💪🤔🤯
Hey! Ain't nobody thinking about all those billion-dollar coporations and their profit....NATIONAL Security! I meant to say national security.
American EV makers will lobby to ban BYD in 1 week max 😂
@@MichaelSmith-em7pv : that's also why China banned foreign battery competitors since 2015 -- China's local battery makers couldn't compete. China forced foreign competitors to give up IPR in exchange for access to their market (illegal under China's WTO obligation) and cut all subsidies to EVs with foreign batteries to ensure they couldn't compete. MichaelSmith thinks China is all about competition.
BYD is No.1 best quality car in NEPAL.
What are the best additions to a $600k portfolio to boost performance?. ETH is Up and will do better, I believe indicators, for profits will continue to improve, investors like me believe that "Santa has come early" to the markets...
I think you're better off with majority investment in bitcoin and uprising equities because they always outperform. Alternatively speaking to a certified market strategist can help with pointers on which to acquire.
Wow, massive gains! My partner recently hinted at going the same direction.. What did you invest in?, and who is your investment advisor please?, if you don't mind me asking in dire need of asset allocation.
Elissa Dawn Sharon is the licensed advisor I use. Just research the name. You'd find necessary details to work with to set up an appointment.
Thank you for this amazing tip. I just looked the name up, wrote her explaining my financial market goals.
It’s not right to deprive US consumers the power of choice. Politics catering to corporate and Union interests at the expense of the American consumer.
China is exposing the real mindset of American elites. It is not abt free market as they say, it is abt making profits by suppressing those who have an opportunity to do a bit better than them. Free market my ass😂😂
China's manufacturing industry is a beast. The manufacturing industry in the United States is a dog confined in a cage. China is willing to export cars to the United States, and any car in China is priced lower than in the US or Japanese markets. If the tariffs on cars exported from China to the United States are reduced to the level of Mexico, then the US automotive industry will only have one path to bankruptcy. Millions of Americans will go bankrupt. So, the American automotive industry should thank the cage of tariffs and laws.
Agree about corporate interests, but, on the other hand, don't be complaining when they eat our lunch and our people are in the unemployment line or can't afford to buy food to put on the table.
thats why u compete@@mtgibbs
@@user-oc5ry8pp1p Competition doesn't really work when the other side has a thumb on the scale. For example, the Chinese are much more organized, less concerned about short term individual profit, and have much different labor conditions than we do here. We could do a lot better, but the people who run our companies and the elected officials from both sides are more concerned about their own interests and short term gains and elections than the end game.
There are people in the US either love or hate EVs, there are people either love or hate Chinese cars. Just bring BYDs in, let the people do what they want.
I think no matter who you are or what ethnicity you come from, people don't care about brand but as long as they're high quality and cheap, they will go for it, NO MATTER WHAT BRAND OR PRODUCTS THEY ARE. Sure, there are always a few that choose only a specific brand or choose not to buy anything Chinese, but again...I believe that's just a small percentage of people. But I believe a majority don't give a damm and as long as the cars are high quality and fit their budget, they will go for it.
I am not surprised American will shout Anti China hate speech on the street and later drive home with his beloved BYD ev car...
if BYD is not so compettive ,the US gov will allow it get into US, if not, no other reason the US gov is afried of BYD'S strong competitive power
@@vincent-ri9tt But the US Government allowed BYD to build a Bus Factory in the US, because no US company could not!
Warren Buffett
Owns the company I work for. My pay never went down. I never liked Tesla at all. I will look into BYD because of Warren Buffet
BYD is opening its factory in Brazil where there was a Ford factory that was closed a few years ago. This is very emblematic.
Hola, this is Marco a car exporter from China looking for local car dealers in your area. I hope for doing cooperation with local market or you can recommend me to your friends ~ Thank you.
Flexible prices, streamlined logistics, guaranteed quality, and convenient transfers.
China Auto Export Factory Direct Supply.
Export New and Used Cars
It's everywhere here in Brazil
no it isn't
@@Wongseifu548 Yes. It is. I see 1 or 2 everyday on the street in Recife. And it only started selling very recently.
@@Wongseifu548 haha,you're so frustrated, sovyou madmouth China on under every comment, too low.
@@mawthomesure you do
@@mawthome : >> I see 1 or 2 everyday on the street in Recife
BYD is already here in the Trinidad and Tobago ( The Caribbean )
damn still waiting for them to port over to Bim. Only MG so far.
I am simply amazed by how ignorant our press is. Tesla is definitely not “the supreme” and there are tons of Chinese automakers that not only sells their vehicles domestically. NIO, Li Auto, Lynk&Co, AITO, BYD, HongQi, Tank Auto, XPeng you name it. If you have ever tried those Chinese competitors, you will know how poorly made Tesla is.
And most of us didn't even know about how strong their EV industry is.
BYD is selling a lot of cars in Mexico. I remember 20 years ago Mexicans used to buy used cars in US border towns because American and Japanese made cars were and still are more expensive in Mexico than in the US. For example, the Honda Accord is about $10K more in Mexico than in the US. Then about 5 years ago Chinese brands started being sold in Mexico and the average middle class and lower middle class Mexicans are buying them left and right. The Mexicans figure, why buy a used American car in Laredo, TX when I can buy a new competitively priced car in Mexico and pay no import tax? Chinese companies are starting to manufacture a lot in Mexico also. Every time my wife and I go to Monterrey we see more and more Chinese people. If the US continues on its "America first and screw the rest of the world" policies Canada and Mexico will probably pivot and foster tighter trade relations with the rest of the world.
Won't happen in Canada, because Canada is a lapdog of the US.
heard Mexico is doing very well economically since US sanction on China. Glad Mexico is doing so well with China, a win win for both. As a Californian, I am sick and tired of our fxxk up country always screwing up other countries in a win lose relationship.
Wait, if they are good, safe and cheap then where is the problem? I think competition will help with innovation and pricing and that's a benefit for the consumers.
Wish that simple!
One BIG problem: US car makers scared shitless of BYD so they gonna lobby for a ban 😂
Not good. Not safe. Not cheap either. Unless you don't value your life then yes it is cheap. Can't believe you fall for this ccp cr4p
smart
Yes but the government not working for the consumers, they r elites n working its elite's profitaries.
BYD everywhere in the Netherlands 🙌
BYD, please come to US, I want one BYD!
I imported mine
You should ask the Biden administration to lift the embargo first
I can afford to buy new BYD car if it is here is USA ,However at now I can only have the choice to buy a used car with 100,000 mileage.
US need to declare BYD as a national security asap 😂
they've already done.
They will😂
China bans Teslas in areas for security reasons since they can be used for surveillance with all the on-board cameras among other things like their cars. So what's good for the goose...
It's funny how they weren't a national security threat until they started to compete with American auto makers. It's also strange how the US uses home and international surveillance programs to spy on pretty much everyone in the world, but China is a security risk.
mission complete
Soon American politicians will be like BYD BYD BYD is a threat to our security 😂😂😂
lets hope so
They already started, didnt Gina Raimondo just said on CNN that somehow China “can stop all the Chinese EV running on the highway in US” if they let the Americans to buy too many Chinese EVs? It’s like saying that US can stop all the Boeing planes flying in the sky in an instance and stop all millions of apple phone operating in China. Is that what she hopes to do to China, so she projects? I don’t know.
what? seal is USD 22K??? how in our country it was became USD 60K???
i hope BYD will establish a company here.
I thought it was the Government's job to make sure consumers are not getting ripped off by greedy corporations?
but here we are, punishing companies that offer low-priced vehicles by imposing tariffs on them, denying consumers an opportunity to buy at lower prices.
Your government surely works for their election fund sponsors, not ordinary people.😂😂
The US import tariff on BYD electric is probably offsetting the Communist Party subsidy. Fair enough.
It’s called lobbying and corruption
Lol The American government does NOT work for the American people. Sorry, but your tax dollars - BILLIONS of it - are being spent to fund war instead of feeding and housing your people, let alone giving them affordable cars.
The government also has to make sure their local auto industry that employs so many people doesn't collapse.
25% tarrifs in the US is insane.
The Chinese have way higher requirements.
25 +2 actually 27%
@@taylorc2542 exactly Chinese are xenophobic&charge the euro automakers 15% tariffs vs paying 10% tariffs on their evs exported to the EU.
They also charge American made cars at up to 40% tariffs vs we only charge them 27%. Boycott the Chinese! 👍🏻
We also sold them all the lfp tech thanks to obummer back when he was pres. Now we apparently need them to make batteries?
Why not go to tesla&Panasonic who've made us based cells since late 2016 in Nevada. First ever giga factory built here not over there!
Cost over $2,000,000,000 in 2014 dollars and until late 2021 was the single most efficient&productive ev cell plant in 1 location.
Trump has promised to increase 27% to 60% tariff if he gets back
@@manishgrg639 poking more holes in a sinking ship lol, Trump should go full turbo with decoupling, Americans can't wait to pay 3x more on all expenses :)
I'm American but still hope that Teslas gets screwed. It will be a good lesson for the shareholders who just didn't care about Elon Musk's adventurism and swallowed all his misinformation and marketing nonsense.
It's simple, they design BEAUTIFUL desirable cars 😍 at great prices for the consumers. Unlike some car manufacturers that even charge extra for a glove compartment.
If the US impose tariffs, those tariffs have to be paid by American consumers. If you take climate change seriously, each cheap EV that enters the US market is a good thing. Cheaper cars also mean cheaper insurance, because it is cheap to replace a damaged car.
Grow up. E.V.s were never about climate change. It was always about grifting billions out of the green agenda by a handful of insiders
They only have to pay those fees if they make the cars outside of the USA. If they build byds in the USA they wouldn’t be as cheap as they are in China due to higher labor costs also the Chinese government subsidies BYD massively in China which gives people a false impression on prices. BYD won’t do well in the US and will fail bc they can’t even make a profit in China where they are given massive amounts of subsidies.
@@WhiteOwlOnFire_XXXLargely true. Paradoxically, the more "succesful' BYD would be in the U.S. (i.e. the more cars it sells) would actually result in the CCP having to subsidize millions of American drivers
@@WhiteOwlOnFire_XXX You are exactly right.
If you take climate change seriously, you dont buy new car, but old one, preferably diesel and keep it running into foreseeable future, while making your own fuel from oil plants. Parts are possible to make your self since tech is simple and communities grow around keeping them going millions of km's, while good ev can go only 10 years top before its ready to be scrapped as the battery replacement costs more than cars value. Also no special steels, just take broken washing machine and weld a patch from sheet metal. Insurance is cheaper since resale value is next to nothing, but so it purchase price and sheet metal is far cheaper than replacing the whole car cause someone kicked football on the front bumper that houses the 1500€ adaptive cruise control sensor.
Cheap as in Chinese cheap EV's dont last, can easily catch on fire due poor quality, emitting toxic fumes, so yeah very environmentally friendly to burn them and recycling is very expensive when just one cell causing thermal runaway in recycling yard can light the 150tons of batteries with no way to put them out other than let them burn out...
In Australia you can already buy a BYD Atto 3 for about $20k cheaper than a Tesla Model Y. People have noticed and they are now all over Sydney.
I have bought an ATTO3 after watching several videos from Australia. 🎉They can't be all wrong.❤
Oh My God I just hope that BYD create a bigger Hub in Medellín or Cali Colombia this option Will be amazing for My country great video 🇨🇴👑
Truth bomb - BYD looks far sexier than a Tesla. Not only that, I wouldn’t even consider driving a Tesla based on its looks alone…I’m happy with my Porsche 911
That factory announced in Brazil is actually a purchase of a decomissioned Ford plant. They're literally filling a void left by Ford when it bailed on the country.
The US government will never allow import of these vehicles (or import with incredibly high tariff) because they would destroy traditional American automakers.
High tariffs only make senses if gov give those tax money back to consumers. Otherwise, it's tariffs is just more taxes on consumers. What do they do with the extra $? They don't want to talk about it right?
ALL it will do is make the CEOS OF THE CORPORATE AUTO SCENE IN AMERICA TAKE MASSIVE PAY CUTS AND ONLY BE ALLOWED TO MAKE TEN TIMES WHAT THE AVERAGE AUTO WORKERS MAKE 😂
which shows u.s can't compete anymore
i believe that's why US automakers are not compeitive in other countries.
I can afford to buy 3 BYD cars as oppose to 1 US electric car.
BYD is also popular in Central Asia countries like Uzbekistan 🇺🇿🇺🇿
BYD, I love👍👏👏
An $11K eV that meets Euro standards. In US some people will buy it even if they already have a car.
Traveled to Columbia and took one as an Uber. I was very impressed by it Smooth powerful quiet and the tech inside was impressive that u7 looks slick though
I've been in one too. It's a cheap piece of junk that feels like a death trap.
@@jorgesalazar818 haha, haha,you're so frustrated, sovyou madmouth China on under every comment, too low.
@@peacelover2008 nope. Just counteract the Chinese bots such as yourself. See here in America we have free speech. I know it's an unfamiliar concept for you and the CCP. BYD produces cheap crappy products.
@@jorgesalazar818😂 scared China gonna take your luch money lil boy?
@@jorgesalazar818 🤡🤬
In Brazil BYD has gained huge praise
Hola, this is Marco a car exporter from China looking for local car dealers in your area. I hope for doing cooperation with local market or you can recommend me to your friends ~ Thank you.
Flexible prices, streamlined logistics, guaranteed quality, and convenient transfers.
China Auto Export Factory Direct Supply.
Export New and Used Cars
Well researched and pivotal content that really makes a point on this matter - Chinese EV manufacturing seems unstoppable.
Only on the surface.