BYD calls out the US and Europe for being 'afraid' of Chinese EVs

[Caribbeans]

BYD’s wide-reaching portfolio

BYD calls out the US and Europe for being ‘afraid’ of Chinese EVs

Electrek | Peter Johnson | Jun 7 2024

BYD posted its second-highest sales ever last month after introducing a series of new lower-cost electric (and PHEV) cars.

The new BYD Seagull, its cheapest EV, starts at just $9,700 (69,800 yuan) in China. Even in overseas markets, the “mini Lamborghini” (as former Lamborghini designer Wolfgang Egger led its design) is still one of the cheapest electric options.

In Brazil, the Seagull EV starts at around $20,000 (99,800 BRL). BYD’s car transport ship, Explorer No 1, landed in Brazil’s Port of Suape earlier this week, unloading 7,000 new energy vehicles (EVs and PHEVs).

The Explorer first docked in Germany in February, carrying 3,000 vehicles, as BYD expands the brand globally.


BYD Explorer No 1 unloading cars in Brazil (Source: BYD)

more: https://electrek.co/2024/06/07/byd-calls-out-us-europe-afraid-chinese-evs/

"Free Trade" is "Free" until it's not.

This legislation now goes before the full Congress all the former presidents support it along with former secretaries of state, defense, trade, transportation, national security advisors chairs of the Joint Chiefs of Staff religious leaders many of the courageous people in China fighting for human rights in the rule of law momentum is building but we've still got a challenging fight

Everyone* supported the gutting of American Jobs and subsidizing US companies that moved their manufacturing to China!!
(*well not EVERYONE)

What a difference 25 years makes. Meanwhile, it's a New American Century for the MIC!
https://web.archive.org/web/20030524095520/http://newamericancentury.org/

[Voltaire2]

1. They were fine with exporting labor costs.

When domestic Chinese companies started successfully competing directly with the US and EU in strategic sectors suddenly free trade was a Real Bad Idea

It was never about free trade.

[ramapo]

2. Shame on us

The selection of TVs at all price points available to Chinese consumers puts us to shame. I think US manufacturers need to keep the market slanted to the high-end, larger, 'luxury' cars to maintain a level of profitability to sustain their stock price.

[BrianTheEVGuy]

3. American mega-corporations are lazy and entitled

Rather than build excellent, compelling and competitive products at a good price, they keep churning out the same ancient designs (most US automaker V-8 designs date from the 1950s and body on frame truck platforms date to the 1960s) shoddy quality, high prices and gimmicks rather than innovation, quality, and so on.

They rely on tariffs to trap working Americans with heavy indebtedness for their shoddily built crap that guzzles gas and saddles us with high repair bills requiring parts marked up astronomically.

They had the chance to learn their lesson when the Japanese and Koreans invaded, but they’ve figured out that spending money on lobbying is far cheaper than developing and selling products that are not complete dog 💩.

Eventually BYD will enter the market (probably via Mexico, where Ford and GM make most of their products and key components like engines) and absolutely demolish them. Then GM and Ford will demand more taxpayer bailouts.