@@justing6594 If democracy can be sacrificed for money, these billionaires would do it. After all the biggest enemy of capitalism is... Capitalists themselves.
Free market has its limits. If we can export labour to countries that don't have workplace protection, people are treated like *****, even worse than where you live, guess what? Free market is gonna take you to that place, therefore leaving your own country men having to lower their living standards to compensate.
The USA should not be a democracy, those degrade into totalitarian states very quickly. If a few of our companies go out of business when dealing with an external force like China, that could be bad. External forces can use free speech and massive production to weaken us and take our resources. I have been to China 3 times and I am impressed. There are many things I think we could do well by copying. At the same time, they are a single party state, and anybody with a different idea can be erased.
Add to this: Read any investment report or the filed accounts of USA car manufacturing companies and they normally spend (Ford) 50% to (Chrysler) 70% of turnover each year on car promotions and advertising... so you could call them advertising agencies that manufacture cars on the side. BTW they greatly guard and use their 100+ years of customer data due to how much it is worth, ie a lot of money. Add to this customers buy cars the manufacturers want them to buy hence all the SUVs because it the cheaper cars to build and have the biggest profit markup and they also need a lot of maintenance.
@@TeeHee-vo1bn China has capitalism more ruthless than USA. Regardless of the ...isms you don't like or understand, China is dropping dollar and buying a lot of rare earth minerals and other resources while USA are funding multiple proxy wars at the same time.
@@TeeHee-vo1bn How pathetic are you Americans who have been indoctrinated into serious ideological opposition by their own government. by the way. A few days ago, Elon Musk went to China and shouted that he loves China. Smart capitalists will not be like you.
Safety is on par with all other manufacturers. BMW, VW, Mercedes, as well as North American manufacturers all make and sell automobiles in China. Chinese manufacturers have caught up very quickly, much like Japan did in the 70’s.
Silence, you shill. I wouldn't trust a Chinese car to travel down the street with the Xiaomi SU7 issues they've been having all as a major design failure in the brakes combined with faulty, underpowered electronics. Imagine a 20% defect rate in manufacturing.
New Zealand really should adopt Chinese government! You all seem to really really like the communist party. I strongly recommend you respect China by being more like China.
BROTHER I AM A BLACK AMERICAN BUSINESS MAN WHO HAVE TRAVELED THE WORLD INCLUDING CHINA..YOU ARE THE FIRST AMERICAN TO SAY OUT LOUD WHAT I AM SAYING. PROTECTING AMERICAN COMPANIES FROM GLOBAL COMPETETION IS NOT ONLY ECONOMICALLY STUPID AND IGNORANT BUT IS SYMPTOM OF DEEP SENSES OF SUPERIORITY AND DELUSIONAL SELF DESTRUCTIVE. WE AMERICANS ARE ONLY 4% OF THE GLOBAL POPULATION. AND IF WE THINK WE DO NOT HAVE TO GET OUR SHIT TOGETHER AND BECOME COMPETETIVE ,WE ARE IN FOR A RUDE AWAKENING AS THE GLOBAL SOUTH AND BRICS RISES.
You are so damn right. I think we now observing the fall of the US live. The more China is innovating, the more US will sanction them. When you can't compete any longer, you just make sure that no one can compete with you. That's what the US philosophy has now become. Worst part? South countries are all looking what's happening.. now all of those countries, in a near future, especially African countries, will for sure no longer trust US and western allies any longer, for ANYTHING (trading, security...) Western countries have become a source of constant lies. The best way is to travel the world and see what other countries can do. good luck to you bro, make sure your business is safe
@@JimLambrick Yea Canadians know this strategy well enough in our softwood lumber disputes with the US. It boils down to protecting jobs=votes=political win.
Salt in the wound... Who really pays the tariffs? You and me, not the Chinese companies. The importer may have to pay the bill, but they are surely passing it on to us.
@@wolfgangpreier9160 it doesn’t really work like that, you are still experiencing losses by tariffs even if you don’t buy Chinese cars. If you are interested you can search how tariffs works and who is actually paying for tariffs
@@wolfgangpreier9160the Chinese were not really sending cars to the USA before the tariffs Their Belt and Road initiative and made in China 2025 only indirectly leads to America BYD has stated they have no plans to enter the USA However their EV cars have been a big hit in Mexico for years now
To look at another field in the USA.... that reminds me of your video. - Boeing top priorities list - 1. Making money 2. Making money easier and faster 3. Making even more money while having an acceptable amount of fatalities as determined by leadership 4. Reassuring the public that safety is their top priority
Just one of many scams to make the top 1% wealthier - suck up more money to the top and drain the bottom steadily - to steadfast the dream of an oligarchy America!
Summarized brilliantly! I still recall that when Ford was facing so many quality problems with their cars, what they did to solve the problems was to erect sign "Quality is our job #1" everywhere in the shops and offices as if those signs would have fixed the quality problem.
I would argue the opposite. As a company you sell stock for capital to invest in your company. Then when you turn a profit, you should be obligated to buy back the stock. See it as a loan repayment. However. You shouldn't be allowed to take out loans for buybacks, getting debt to lower taxes in the process. So you couldn't do a buyback and claim losses at the same time. But probably they lobbied the law into submission... :(
@@FlexDRG issuing stocks is essentially a loan from shareholders and buying them back is like paying it off but more like storing the value of the business. That wealth isn't taxed because its unrealized wealth, it fluctuates with the market so its taxed at the point of realization.
China has actually pulled their subsidies back in the recent years as there were a lot of low quality stuff that is only there for the subsidies in the early 2010s before they were outlawed and car building license of then were revoked en masse in 2014 so the companies that are actually building vehicles can benefit more. And even with all the tariff, the Chinese don't regard north America as a major market for selling vehicles. The vehicles would more likely go to europe, africa, latin America where they may trickle north, so the tariff is more a political stunt and a continuation to trump's(not so successful) trade war than anything else.
China doesn't seem interested in the American market. Every year American companies don't have to compete with China is another year they fall behind technologically. Meanwhile China will be selling millions of cars to Brazil, India, Mexico, Nigeria, Russia, developing economic powers, many of whom will eventually be bigger markets than the US, and American companies will have no way of competing.
@@sebastiant5695 It's a matter of risk management. If the potential profit of sellling to half billion ppl can be flipped and confiscated by a piece of paper, you are passing your balls to someone else with a plier. Better not do it in the first place.
Like what China does with US? For decades the US has allowed cheap Chinese crap to flood its market, while many US manufacturing sectors were gutted by China. The US is partly to blame for this, but I’m glad US is finally realizing China is not good for its economy. OTOH US consumers want the cheapest crap regardless of quality and then complain they’re losing jobs to China. Do you know why most goods don’t last like they used to? After China became the world’s leading manufacturer, reliability of consumer goods plummeted. 😂
There was a lawsuit decades ago by Chrysler (I think) where they successfully argued that a company’s first responsibility is to shareholders, not customers. It’s driven US corporate behavior.
Your ability to express, and educate with such clarity is absolutely amazing. I hate numbers, but you make sense. Keep spreading the good word! Go Edison Motors! 💪🏼🔥
Yep, which means whenever the company comes under stress. If the government doesn't bail them out they would completely crumble along with the net worth of most of their shareholders, because their valuation isn't real and they don't have enough 'real' business behind their stock value to support it.
But we sent 190 billion to ukraine. We need to send another 190.billion to ukraine lol and dont forget another 40 billion to Israel the us 51st state 😅😅😊😊@@armorclasshero2103
@@armorclasshero2103 Yep. Literally a real estate firm was going under and asking for a handout. The CCP said 'nope, borrow from your employees, sell off some of those houses or we would have to buy stock to give you capital'. Now that the houses are on the market the government is trying to use them to reduce the housing prices in the areas they're built.
I am from Chile and drive a US car (Nissan Altima, build in Tennessee I think), nice and good car, with an horrible CVT transmission. Well. I was looking for a new car, with a tight budget so I do something I didn't done before: look at a chinese car. Not BYD, but Chery, an even low-cost car manufacturer. Well, it was a beautiful and very well build car. I was really surprised. You really need to improve your technology, otherwise will be fully surpassed by China, and not because of politics, but because of quality.
I bought here in Serbia Geely Atlas Pro mild hybrid last summer,its awesome car ,not rally fan off exterior look but inside is just awesome .I have also 2 German cars (BMW E93 and Opel Insignia) which are little older but Geely beat them in quality and in smoothens .I was also considering Chery Tiggo 7 or Tigoo 8 which were similar price but in Geely everything is from Volvo XC40 ,engine,transmition ,platform and is proven technology so it was no brainer . Geely also gives here 7 year warranty
Corporations are built to make money for their shareholders. That's it. The product is just the means to an end. Lobbying for corporate tax breaks are the means to an end. Spending subsidy money to buy back shares, are the means to an end. To make money. They don't care about ethics, or about their customer base. All they care about is making money.
We need tarriffs on EVs so that American Manufacturers can charge more and have bet ter profits... this is not competition... We need policies that will lower prices, not raise them.
"We need policies that will lower prices," But your Country US is a corporatist. So the so called Government is lobbied by US companies so they have no competition and raise prices for them. Banning Tiktok, Huawei, Chinese EVs.
That doesn't happen when the entire economy is centered around the capital market. This is such a serious issue that economist has a term for it: "Financialization".
@@cxv6367 Making profit and making newer, good quality product are two completely different things. All the company mentioned above makes huge profit. They are also baked by the govt. as mentioned in the video. Nevertheless they aren't really innovating much. Just corporate politics and financial engineering.
then you would like the new BYD hybrid Seal 06 DM-i, up to 1,250 miles before it needs any refueling or charging probably need to fill up once a month.
Wow, I wasn't expecting that, but YES --what you said about corporate greed and shenanigans. It's got a stranglehold on our politics and is at the root of nearly everything that is wrong in U.S. society --perhaps the world at large 😖
I have talked to anti-China pro-sanction people a few times, none of them can tell why forcing the consumers to buy more expensive car is a better choice at this bumper inflationary period that nobody knows when it's going to end. Most of these people couldn't care less for the consumers, which should be the first priority in any civilized society.
I'm confused, are those people you talked to literally all millionaires? Or they got way too brainwashed to just discover the truth, which is sanctions basically hurt only little to the Chinese, but mostly the consumers across the pacific, and the only winner is the politicians, who got voted by initialing those sanctions, got paid by the counterparts of the Chinese companies in the US.
This is solely about the US, UK, and Canada *Legalizing insider trading in the 1980s* Stock buybacks tied to stock prices had been seen as insider trading since the beginning of trade markets before then.
@@ethimself5064Chase is raving about a communist country. It's dumbfounding how naive he really is. He lives in his parents house still. Chase needs to stay in his Lane or his company is going to fail IMO
@@pootispiker2866 I am not in the US or europe, so the sensitve information part is not a concern. I don't think they care when I drive to the gym, or wherever. And I would trust this car's airbags the same as any ford or whatever brand you like best. Don't be so negative for no reason.
@@PyroShim So negative for no reason? It doesn't matter if you trust the airbags, Chinese cars in general- Burn Your Dreams included- have a very well documented behavior of not deploying the airbags. That's the reason, among others.
@@pootispiker2866 they had a recall for that and the problem was from one of their suppliers. You act like they are the only one that ever had a recall issue.
Here’s the issue. Every material that is needed to make these Electric Vehicles, North America simply does have those products. Several Critical minerals are needed for these products and every one of them have to be shipped into North America. If we go back to producing, purchasing, and the selling of final product, emissions would dramatically decrease. Supply chain would be vastly improved as well. So I would have to agree that it makes more sense to purchase fully constructed EV from China than to purchase 80% of the materials and manufacture from them, ship to N.A. for assembly, and then still be forced to pay 60+x the price for it.
Yup for just batteries alone 👇 Battery Supply? It’s China, and Everyone Else Globally, China leads in battery production by a wide margin, dominating levels produced in the U.S., Europe and East Asia combined. Roger Schreffler | Apr 03, 2024 Andrew Miller, chief operating officer of Benchmark Mineral Intelligence, predicts the North American industry will need $50 billion to develop raw materials and $20 billion for midstream processes by 2030. Earlier, Benchmark identified $580 billion in investments needed to build a global lithium battery industry by the end of the decade, including $130 billion in battery materials, namely anodes, cathodes, electrolytes and separators. WardsAuto
We have to realize that in most countries companies do not make any products to sell but to inflate the shareholders pockets. That is why smaller privately owned companies taht have no or very few shareholders make products to sell not to sell products to inflate share prices.
Please, for the love of God, keep Edison as private as you possibly can. I understand selling a percentage is a good way to raise capital, but don't allow yourself to get pushed out by shareholders.
This tech, called REV is not new. Chevy Bolt comes to mind and Dodge Ram 1500-E will have it. I expect it to flourish for long range trucking.The superior E drivetrain with an ICE generator onboard which will produce la lot less fumes than an ICE truck.Its a good bridge concept.
I somewhat disagree. We should not be relying on China for our supply chains. That said the American companies are more interested in government subsidies than building good products. Small companies like Edison need to step up and put these auto giants out of business.
yeah edison motors has a long ways to go to be able to compete with those said companies but ironically they still outsource parts from china since theres lack of manufacturers of parts in north america. I really do hope edison motors moving forward would also manufacture their own parts in house if possible instead of outsourcing parts
- disagree all you like (of course we all should be relying on ourselves, and those we can work with on a win-win basis - as countries and alliances, not relying so heavily on others who are patently unfriendly and dictatorial (pure self interest) in many aspects). Are you out there creating local supply chains and collaborating with manufacturers who WILL produce product in your country... Chase seems to be trying to do this. Edison Motors couldn't even get an American e-axle supplier to work with him in his project, they seemed scared of small cottage industry innovation). Who cares if EVs are not the future for everyone (hint, most likely not), getting moving forward is always better than sitting on a collective ass and stagnating.
As far as I can tell if you want electric motors that are not complete and utter garbage, your only option is China, at least the kind of electric motors you would need for a vehicle. I don't know about for smaller products like fans, hair dryers, drills or whatever but I know for a large electric motors if you can find any that are not made in China, they are garbage
@@kadmow I would've agreed if you just said EVs are not for everyone which is true since EVs are not that efficient yet and there are countries that still don't have enough infrustructure to support EVs and battery technology hasn't improved yet but saying "most likely not" seems derogatory cause there are countries who already adapted EVs and ditched ICE cars completely. i say not all people likes and don't like EVs same as hybrids not everyone would embrace it but its the future.
@@kadmow And my response if i were to creat a local supply chain for car parts and technology in general yes i would alot of aspiring independent companies here in the philippines are willing to test the waters of innovation if only our government wasn't a problem here corruption and lack of funds since our government here is just after their own interest.
In 2020, premier Li Keqiang, citing the National Bureau of Statistics (NBS) said that China still had 600 million people living with less than 1000 yuan ($140) a month.
And the US had increasing numbers living on the streets . The US also spends 13 times as much per head capita on the "Defense" Budget compared to China. . Go figure
Also, there are geopolitical reasons for the tariff on the BYD or other Chinese electric cars. What will happen is that American consumers will buy more expensive and lower-quality cars due to protectionism.
I strongly agree with your main points but a few Chinese “subsidies” you missed are final products are not charged VAT, therefore they have a 12% discount. The battery you buy from China has the 12% VAT included. The price control of the Yuan is also one.
we dont have average salary of 29300 yuan/month, we have 68340 yuan/year in private sector and 120698 yuan/year in public sector🥲😩 Seeing someone saying we have that much a salary makes me wanna cry-- given our youth unemployment rate going around 15%😭
Huge tariffs on foreign products to save domestic manufacturers is not a bad thing. Not getting anything out of teh domestic manufacturers after they've been protected is. For example, the kei truck import issue wouldn't be a problem if American companies weren't incentivised to build giant pickup trucks.
maybe we would be able to produce vehicles like this if so many companies didnt move large portions of their production to china for the past 30 years.
and the reason why the American companies are incentivized to build giant pickup trucks is CAFE/EPA regulations. emissions stuff is a lot more relaxed for bigger vehicles than they are for a small hatchback.
"Huge tariffs on foreign products to save domestic manufacturers is not a bad thing" If you want to protect your people you are totally correct. Government Motors or Ford does nothing to protect the people. The US government does NOTHING to protect its people - no matter which colo, gender or age the boss has.
Tariffs are just a tax on the people buying the goods. they don't even actually do what they are supposed to do. Have a look at the US steel industry today and note that we produce less steel today and have continued to close plants even with tariffs that are supposed to boost us steel production. the cost of steel has gone up and we produce less than ever. All a tariff does is raise money for the government, while making goods more expensive, especially every day goods that lower income folks can't do without.
@@johngaltline9933 That's the point of the video. They get money and don't invest in r&d and instead play the stocks game. And then moan about competition.
Aussie V8 owner Converted to Electric... (but iv still got my iron lion carby fed holden never late in the 308 V8 mate ) As aa old skool petrolhead, I've always had a soft spot for V8 engines. So, when I got the chance to spend two months driving a BYD electric car on lease , I was skeptical, to say the least. But I'll be damned if they haven't won me over. The warranty is massive, and they sip just 16 kWh per 100 km. Even with public charging at 50 cents per kWh, that's the cost equivalent of less than 4 liters of diesel per 100km - and it's half that on home power, or even free if you've got solar. The Atto 3 Extended Range model has a 63 kWh battery that's actually cheaper than most home battery systems. I can't wait for developers to start bundling these with new houses. Imagine - 50 grand for a 60 kWh home battery that doubles as your car! That's a marketing pitch that practically writes itself. tesla was out selling Chinese company's so the big boss got a bit upset and started a trade war that tesla couldn't win ...dudes got a lot of cash but nothing on the ccp Let's be honest, nothing beats the rumble of a V8 long headers and straight pipe exhaust , but these electric BYDs are bloody fantastic cars. They've got me seriously considering making the switch full time ....... Ps have you got any converter dolly's and ring feed on trailers ? or even a set of super B log trailers in the yard ? ... You would win some hearts and cheque books around here mate if you can get carl up the front and crack the 100t gcm over the flats - as we love our big shiny bangers ripping triple sets still Happy to send you a set of ROAD TRAIN SIGNS for it mate ... just let me know
V8 engines does sound lovely and it has a special emotional appeal to it. Thar said, they will eventually become a hobby machines just like horses became hobby sport after we start to mass adopt automotive cars and trucks. Burning 100% fuel is just too un economical when running it day to day when you have super hybrids like DMI 6 and pure ev.
US Administration didn't realize that US is now a financial motivated industry not a manufacturing and R&D industry. One look for short term and the other long term.
There are many factors to Chinese business global success, one of which is the fierce domestic competition. Many companies do not make it but those that succeed in the huge Chinese market are unstoppable when they go international.
What is "true"? Truth is the American EV companies have gotten 10 times more incentives from the American tax payers than the Chinese EV companies from the CCP. That is true. Most of the money the US tax payers paid went into the pockets of the management of Ford and GM. Most of the Chinese money went into better, faster, cheaper production processes. ALL of the money Tesla got in the US and China went into better faster more efficient production processes. You see the difference?
@@wolfgangpreier9160 Not arguing the US money I’m asking if the Chinese incentives are true. Considering they spend hundreds of billions in other countries with their BRI what’s to say those incentive numbers are true.
@@gerbil7771 Yes they are, true. If something would come up that says otherwise you can read it in the EU reports. Currently the numbers still hold. The difference is not the numbers themselves. The difference is that those companies have put the money into producing cheaper products and not into the greedy maws of the western capitalist pigs. Of course becoming too cheap is also counterproductive as they are recognizing now. Their markets are overheating and many producers and products vanish because of oversaturation of all markets. Internal and foreign. The CCP even finances the transport and storage of overproduction of chinese car manucaturers to European harbor parking spots. What a mess!
@@wolfgangpreier9160CCP statistics are wildly and consistently unreliable. So no. Those figure are just propaganda. It’s unfortunate that you and others can’t recognize the obvious.
1:25 As a Chinese , I would like to point out that only when you are working as a programmer or engineer in big cities like Shanghai or Beijing can you earn an income of 20,000 RMB per month. However, if you are just a factory worker, your monthly income is only around 800-900 USD🤣. This is also the income level for the most of people. Of course, in China, there are many high-quality electric vehicles available for around 10,000 USD.
In answer to why American cars are much higher in price than Chinese ones ….. American companies sell for higher prices because (1) its all about the profit margin, baby (#capitalism), (2) they are protected by US government subsidies (and bailouts, just like the banks and Wall Street) and (3) buyers have over the years willingly shelled out big amounts for what is inherently a depreciating object (I wouldn’t call a car an ‘asset’) because credit is a way of life in the States, and combined with artificially low interest rates (until recently) have resulted in one of the most ravenously-consuming global populations of all time. You’re welcome.
You are correct. Capitalism is the problem--but to be more specific, it's state (crony) capitalism that's the problem. Free-market capitalism is the solution.
Tariffs are inflammatory and can lead to increased prices for other goods as well. Not to mentioned that they reduce export competitiveness and that they save some jobs on behalf of losing some other jobs. The only solution is increased productivity of domestic car companies and not tariffs. It's like using a band-aid for a venomous snake bite, it helps against infection for the first minute but it will destroy you inevitably on the longer run.
Plus, if foreign companies get too good, they'll just buy out the American manufacturing plants and the workers will just shift companies. No one would lose jobs, but better, cheaper products would be more available.
Don’t forget to complete the money circle. When Government’s gives subsidies and part of that money is returned to the politicians in the form of campaign donations and more importantly paying the politicians directly to “speak” at company events.
100% Seeing the government throw up their hands in the air and shake their head..“We don’t know where inflation comes from.” Is a joke. For every dollar transaction in the economy, there’s a % tax.. that reduces the value of $$ by 50% ever time it’s running it thru Gov coffers, eroding the value. Useless “work” has 0 gdp value! Then more money is borrowed to subsidize the company with lobbying and kickbacks to the government officials. Subsidized companies that do Buybacks shares, with borrowed money on the back of working poor taxpayers should be 100% illegal. It’s being whitewashed onto the general public.
No it doesn't. Stock Buybacks is just a way for a company to manipulate the price of their stock. It also helps a company retain ownership of itself and store wealth which could be used in an economic decline to stabilize the company. Its essentially a savings account.
@@Zach-ju5vi Yes it does! That you said. But when a company uses subsidies to buy back their shares, that falsely inflates the price of the shares whereas it’s not based on gross increase of a domestic product, but it in effect erodes the value of the dollar using borrowed money on the backs of working, poor taxpayers. It, in fact, does nothing for them compared to using taxpayer money to fund an expansion of said company, and then in turn increase what they produce and many more jobs for people. This would help the economy rather that the investors that would hypothetically sell their shares at falsely inflated prices. Edit (seems like this platform has got a protect you from any of the governments actions. My comments are constantly deleted.) I’ll end this conversation with this; it’s a pump and dump scheme Zack, taking a subsidy from a corrupt government, adds zero value to the company except entrapment for stupid investors. But hey, go ahead and invest it’s none of my business.
@@henrinaths1 from what I know about the stock market and stock buy backs, they should not create inflation. Stock Buybacks are just a company buying back it's value. A company can inflate the value of their stocks but that doesn't create wealth from nowhere or increase the actual value of the company.
@@Zach-ju5vi Your analysis fails to realize the cause of inflation is based on a corruption. The big picture of Canada, a resources rich country has nothing to show for its $1.3 trillion national debt. The present government, has chosen to borrow money and subsidize companies. (Quoting the p.m. proposal to supply Germany with natural gas.. “there’s no business model for that”…lol ..surely that has to be a joke at some back room drinking establishment) You’re right IF company CEO use their own personal wealth doing a buyback. Show a commitment to invest in their own. It sends the wrong signal when they’re using borrowed money, created by a deficit spending Gov. c/w a national debt of $1.3trillion…to pump and dump? .. that’s a house of cards. The Canary in the coal mine is the inflation. For me there’s no value in that company because I don’t gamble . Solid investor confidence, the backbone of the economy, is not built on gambling , short sell stocks and gdp propped up on a housing bubble. But hey invest your money where ever you see fit.
Read what you wrote. Average. That includes the folks making all the random cheap crap. yes, there are all sorts of issues with wages in china and other places but in the auto industry, workers are making a pretty high wage, for China... of course $48k a year is chump change for a UAW worker today, but it's tracks really well with the tradition of overpaying workers in the auto industry Ford started with it's $5 a day over a hundred years ago. Less subsidies, paying what? at least 5 times the average wage if your figure is correct, and still selling cars of compatible or better quality for half the price? Maybe they are on to something.
And their rent is probably $200 and their cost for food is $100. Just because America has ridiculous prices on everything doesn't make it it globally true.
1:25 The top Google snippet and related ones below it are absolute garbage numbers, inflated way above all of the search results below. You can't trust any snippets from Google search- you have to actually check the pages in the results.
@@armorclasshero2103 I am a fan of electric tech and not particularily a Tesla fanboy. But without him forget about electric vehicles in N.America. He kickstarted the whole thing and even open sourced the patents for anyone. Despite that the big 3 dragged their heels and took handouts. I think Ford payed back their bailout loan as well...
From the data that the Chinese say, can you believe half of half of half of half, and a Chinese earning $4k a month??? If I remember correctly the minimum wage was over $300 and the price/hour was over $4, imagine what they have to do to earn 4k, that is very far from reality, like everything they say in China
The cost of life in the US is ridiculous compared to anywhere in Asia or even Europe. Suburbs life have ruined American. Healthcare is an organized racket. Racism has added cost of life everywhere just to enforce some kind of segregation by money. Nothing like that on the other side of the ocean. Oh, and worker get food at their work place, so they don't have to spend time on making it themself.
@@armorclasshero2103 that's not the point the point is why the cars are cheaper, average wage there is 1/3 of the quoted 4k/month based on proper estimates
@@armorclasshero2103 That's the power of western MSM. Champion of spread false narratives, lies and misinformation, toward China in particular. The funny thing is if you ask 100 Chinese people what social credit score is, pretty sure all 100 of them would say "wtf is that"🤣
A lot of errors in this analysis. Chinese wages is the big one. You picked a blog that doesn’t even cite the statistics. The actual average wage is about a third of the USA. I could go on further but you get the drift.
any chinese getting 1/3rd of usa wage would be over the moon. heck even average spaniards would be. the non skilled labor doesn't enter the stats, you can't compare the averages and get anything meaningful out of it, you need to compare specific jobs. but lets say a robotics engineer who would make 100k in usa they'll make 30k-100k in china, but cost of this kind of personnel isn't really the thing that drives up the costs and if they are good they save money.
I'd be more onboard with Chinese EV once we have a verified good review from Rich Rebuilds on one lol. They look good, but I have my doubts on longevity. I bought a used Ford PHEV from 2017, good battery, 100k miles, got it at a good price. I am very uneasy on whether or not these cars could do the same and still hold up to a 120mi daily commute.
@@armorclasshero2103made in Mexico, main steelworks done in the US, electronics from various places such as Japan, China, Italy, etc. Ev system designed by Ford/Toyota and built in Japan. I believe engine is made in Germany, US or EU.
Do you know there are ev taxis operating in some Chinese cities like Shenzhen, since 2017. Some of these taxis have clocked up hundreds of thousands of km in mileage without having to change their batteries. And they kept going.
I have to disagree with your assessment of domestic auto manufacturing being unable to compete with China because of poor management. - Wages are significantly less in China and also Mexico hence the transfer of domestic auto manufacturing to Mexico. - Compare domestic workers comp or paid vacations or extended healthcare coverage or workplace health and safety vs China. - Regulatorily compliance costs are less in China - Property taxes are less in China - Electricity is 1/3 the price in China vs California where Tesla was located - Transportation costs less in China - Waste disposal costs less in China - Raw materials and supplies cost less in China It is NOT a level playing field between domestic and Chinese manufacturing by any stretch of the imagination which is why manufacturing was gutted in the West and relocated there in the first place starting in the early 90s.
"Wages are significantly less in China" No they are not. Mexico is cheaper, thats why Ford and GM produce there. The point is Chinese manufacturers. Not GM or Ford producng in Mexico.
Wages are not domestic workers comp, paid vacations, extended healhcare. Either you talk about wages or the cost of the workers for the coproations. You can not talk about both at the same time. Here in Europe you may earn 4000,-- 14 times a year for a industrial worker with 10 years of experience, cash in your bank account (we do not have cheques). The cost would be 110.000,-- to the company. The rest are taxes, social security and other incentives to the state.
Gee, I guess that means China is just better at capitalism than the USA. Since everything is cheaper in China and workers get better benefits that must mean that America is a shit country. 😎
Let’s be clear, Tesla does not get government grants. The US government is not subsidizing Tesla, the US government is offering Americans an incentive to buy an EV as part of the US strategy to move towards electrification. ANY auto manufacture can make a car and the PUBLIC decides where the incentive goes by BUYING the car. Unlike direct grants to other OEMs.
When you subsidize the product, you subsidize the companies selling that product. Sure, you are adding market forces into the mix which is an improvement over direct subsidies. But make no mistake, it's still funneling loads of money into Tesla's coffers and taking it away from manufactures of ICE powered cars.
Have you looked at the frame welds? Some pickup trucks sold in Australia only had half of the welds done. It was discovered after a fatal crash in Sydney
BYD has some of the best welding in the world, so good that they don't even need to put covering to hide them. it all done by robot, the cars are almost 3d laser printed now.
I completely disagree with you on this. I'm on phone right now so you'll have to forgive my lack of reasons. love your other stuff but you need to do some more research about those Chinese cars. David Zhang China insider is an excellent source for china related stuff
Ayye love their channel but the thing is tho the export models that we get actually have to meet safety ratings and quality control, the ones that didn't pass quality control are the ones that spontaneously combust
Even though they ( USA) have the reserve currency they still weren’t able to manage a balanced economy. 34 trillion dollars debt. That has been some party. We, Canada, have been used to create this. We supply the raw materials, they do the value added work and sell them back to us. Canada has forever been the place to plunder by foreign companies. You will have the opportunity to find out as you grow. Look what happened to Western Star. Where is the benefit to make Canada a better place. Our oil, owned mostly by foreigners. Our trees, shipped to where they added value and back they come as finished products. Then the sellers come and buy up our real estate (driving up that market) I hope you have great success and that you remain in control of your company.
You should note that the quality of the ev's isn't the best from China.... have you seen the amount of cars just imploding from a crash? Or how they are built? Yes, there is definitely greed but more reasonable if you see other problems
Chinese evs have been dominating the market here in Asean since they were launched about 2 years ago. They are popular because of their affordability and reliability. Proof is always in the pudding. Why do you think EU and US are so concerned about them coming into their markets. If they really as bad as you opinioned, why the fear or the need to impose 100% tariff. Surely no one will buy such poor quality evs. Let the market decide. Not be afraid of competition unless your own product doesn't measure up.
Chinese companies are being subsidised for exporting their cars. American consumers are being subsidised to buy American cars. American EVs are not a threat to China, the reverse is not the same however.
@@JimmyDoyel-by2cp Sure they are, but apart from Tesla they're not making a profit. On the other hand in China none of them are making a profit apart from BYD.
@@letsgobrandon4429 Automotive News Europe, Fortune, CNBC, Geopolitical Intelligence Services, MIT, Deutsche Welle, Atlantic Council, Nikkei, Politico, Bloomberg, EU Parliament, Voice of America, the list goes on.
No, basic economics explains why focusing on your strengths and letting others do so too is far more efficient and result in far more wealth generation for everybody involved than a completely self sufficient closed economy. In order to make everything yourself you inevitably have to take resources away from things that you could be doing for others better than they could and vice versa.
@@siggyincr7447 problem with doing that is that you then become completely reliant on countries you dont control and may turn on you. completely closing off other countries isn't wise, but neither is completely open policies.
@@siggyincr7447 Clearly you fail to grasp the basic principles of geopolitics. China isn’t a friendly nation to anyone. You’re either a resource or an adversary to them. Never forget that china is an authoritarian, totalitarian, communist country. They have the worst human rights record, worst environmental record, ignore international patent laws, and constantly violate international treaties they were part of establishing.
One thing tho, wages are definitely overestimated in your research. It simply is not that high. That figure is about double the amount of a normal engineer.
@@dennisboyd1712 Who said that? Are you really so simple minded to not understand the difference between advocating for open markets, which without exceptions has always benefitted the countries that have done so, and supporting China? Sure it might benefit China, but only if it benefits us as well.
To be honest, when a manufacture is focusing on the subsidies and stock options, it's dying without any excuse. I'm paying for those leave-no-one-behind while I'm leaving behind
Sorry buddy, I'm gonna have to call complete shenanigans on the "quality" of BYD. czcams.com/video/ZWzbq-Q_oTc/video.htmlsi= czcams.com/video/IInTanHjnK0/video.htmlsi=
@@theraytharow Byd dominate the market here in Asean, simply because they are affordable and reliable. The proof is in the pudding. The market decides , not some videos from some Tom, Dick or Harry. Biden knows the American auto industry will not be able to compete against cheaper snd better built Chinese imports. So he protects them by imposing 100% tariff. EU has similar concerns.
I disagree with you on this one, it does not make sense to me to become dependent on China for solar panels, batteries, or EVs. On top of that, where is all the data collected by the EV sensors and cameras going to ?
the point is that america should compete by being smarter and better. the tariff's going to be moot in 4-5 months anyway, byd could then just ship cars not made in china into usa. usa market sucks for making money from cars though, a lot of it is due to the subsidies and the twisted market. this is also kind why you can't have a hilux for under 20k in usa. keeping up the unprofitable expensive car selling companies in usa has resulted in the usa market being weird, expensive for consumer and unprofitable for car companies.
So it OK for Google to collect all the data and not china. The fact that Google sells the data anyone means it does not matter that data should not be collected in the first place!
It's actually smart to depend on the Chinese for cheaper solar panels, batteries or evs. They can do it cheaper than anyone else. It benefits your consumers. Instead America should focus their time and resources on making things that China has not caught up yet. Like commercial planes and jet engines, high performance computing wuantum computing and vaccines.
![Eminem - Houdini [Official Music Video]](http://i.ytimg.com/vi/22tVWwmTie8/mqdefault.jpg)
Free market and democracy only when convenient
For real! I thought these billionaires where all For free markets and capitalism.
if we cannot compete, we cheat.
free market when we have the edge, nah-uh when we suck at what we do.
@@justing6594 If democracy can be sacrificed for money, these billionaires would do it.
After all the biggest enemy of capitalism is... Capitalists themselves.
Free market has its limits.
If we can export labour to countries that don't have workplace protection, people are treated like *****, even worse than where you live, guess what? Free market is gonna take you to that place, therefore leaving your own country men having to lower their living standards to compensate.
The USA should not be a democracy, those degrade into totalitarian states very quickly.
If a few of our companies go out of business when dealing with an external force like China, that could be bad. External forces can use free speech and massive production to weaken us and take our resources.
I have been to China 3 times and I am impressed. There are many things I think we could do well by copying. At the same time, they are a single party state, and anybody with a different idea can be erased.
Cars are not the product. Stock is the product. Cars are just marketing
WORD !! Your every day car ain't no asset. It's a money burning exercise that feels valid as it allows us to get about our everyday lives...
@@andrewmcleod9312 That's not what kyryllvlasiuk meant.
He's talking about shareholders as consumers and stocks as the product.
Add to this:
Read any investment report or the filed accounts of USA car manufacturing companies and they normally spend (Ford) 50% to (Chrysler) 70% of turnover each year on car promotions and advertising... so you could call them advertising agencies that manufacture cars on the side.
BTW they greatly guard and use their 100+ years of customer data due to how much it is worth, ie a lot of money.
Add to this customers buy cars the manufacturers want them to buy hence all the SUVs because it the cheaper cars to build and have the biggest profit markup and they also need a lot of maintenance.
great comment
That’s so accurate
Hey, man. You do need a non-suicide declaration. Seriously.
Hes in China, I think he’ll be fine.
Not only that, he's speaking the truth, and it looks good for China and awful for the US.
@@JB52520 It never looks good to be communist.
@@TeeHee-vo1bn China has capitalism more ruthless than USA. Regardless of the ...isms you don't like or understand, China is dropping dollar and buying a lot of rare earth minerals and other resources while USA are funding multiple proxy wars at the same time.
@@TeeHee-vo1bn How pathetic are you Americans who have been indoctrinated into serious ideological opposition by their own government. by the way. A few days ago, Elon Musk went to China and shouted that he loves China. Smart capitalists will not be like you.
Lived in China for 8 years. They have been building electric cars for many years. Many cities have only electric taxis. The quality is not an issue.
What about safety?
Safety is on par with all other manufacturers. BMW, VW, Mercedes, as well as North American manufacturers all make and sell automobiles in China. Chinese manufacturers have caught up very quickly, much like Japan did in the 70’s.
Silence, you shill. I wouldn't trust a Chinese car to travel down the street with the Xiaomi SU7 issues they've been having all as a major design failure in the brakes combined with faulty, underpowered electronics. Imagine a 20% defect rate in manufacturing.
@@DesertFernwehBYD score 5 stars on the Euro NCAP
@@bobdoe38 that means literally nothing. Those scores are all payed for anyway so they mean nothing.
I'm from NZ, the Chinese cars get sold here and they are fantastic
Hey bro~!Kia ora~!
Are they left hand drive? If yes, which models and/or price ranges?
@@ajode1789 we get them in RHD. However china makes them all in LHD. MG, BYD, GWM, Ora pretty much most of their ranges
@@shanespring2669 Cool.
New Zealand really should adopt Chinese government! You all seem to really really like the communist party. I strongly recommend you respect China by being more like China.
BROTHER I AM A BLACK AMERICAN BUSINESS MAN WHO HAVE TRAVELED THE WORLD INCLUDING CHINA..YOU ARE THE FIRST AMERICAN TO SAY OUT LOUD WHAT I AM SAYING. PROTECTING AMERICAN COMPANIES FROM GLOBAL COMPETETION IS NOT ONLY ECONOMICALLY STUPID AND IGNORANT BUT IS SYMPTOM OF DEEP SENSES OF SUPERIORITY AND DELUSIONAL SELF DESTRUCTIVE. WE AMERICANS ARE ONLY 4% OF THE GLOBAL POPULATION. AND IF WE THINK WE DO NOT HAVE TO GET OUR SHIT TOGETHER AND BECOME COMPETETIVE ,WE ARE IN FOR A RUDE AWAKENING AS THE GLOBAL SOUTH AND BRICS RISES.
You are so damn right. I think we now observing the fall of the US live. The more China is innovating, the more US will sanction them. When you can't compete any longer, you just make sure that no one can compete with you. That's what the US philosophy has now become. Worst part? South countries are all looking what's happening.. now all of those countries, in a near future, especially African countries, will for sure no longer trust US and western allies any longer, for ANYTHING (trading, security...) Western countries have become a source of constant lies. The best way is to travel the world and see what other countries can do. good luck to you bro, make sure your business is safe
He's Canadian...
@@JimLambrick😂
@@JimLambrick Yea Canadians know this strategy well enough in our softwood lumber disputes with the US. It boils down to protecting jobs=votes=political win.
fax tho
Salt in the wound... Who really pays the tariffs? You and me, not the Chinese companies. The importer may have to pay the bill, but they are surely passing it on to us.
No, those cars are just not sent to USA. They stay in Mexico.
usa kinda sucks for selling 20k cars anyway. you can't add much random diller markups without it being %'lly crazy.
@@wolfgangpreier9160 it doesn’t really work like that, you are still experiencing losses by tariffs even if you don’t buy Chinese cars. If you are interested you can search how tariffs works and who is actually paying for tariffs
@@wolfgangpreier9160the Chinese were not really sending cars to the USA before the tariffs
Their Belt and Road initiative and made in China 2025 only indirectly leads to America
BYD has stated they have no plans to enter the USA
However their EV cars have been a big hit in Mexico for years now
@@DW-op7lydo you know why BYD did not send card to the USA us the first place? and if you know the correct answer，do you support?
To look at another field in the USA.... that reminds me of your video.
- Boeing top priorities list -
1. Making money
2. Making money easier and faster
3. Making even more money while having an acceptable amount of fatalities as determined by leadership
4. Reassuring the public that safety is their top priority
Just one of many scams to make the top 1% wealthier - suck up more money to the top and drain the bottom steadily - to steadfast the dream of an oligarchy America!
I guess Air Vehicles are next.
Summarized brilliantly! I still recall that when Ford was facing so many quality problems with their cars, what they did to solve the problems was to erect sign "Quality is our job #1" everywhere in the shops and offices as if those signs would have fixed the quality problem.
Even worst is the same is largely true for healthcare and most other basic necessities
5. Murdering at least two Boeing whistleblowers during their court witness trial against Boeing recently.
Stock buyback should be illegal again.
Stock buy backs are not as detrimental as you've been told.
I would argue the opposite. As a company you sell stock for capital to invest in your company. Then when you turn a profit, you should be obligated to buy back the stock. See it as a loan repayment.
However. You shouldn't be allowed to take out loans for buybacks, getting debt to lower taxes in the process. So you couldn't do a buyback and claim losses at the same time.
But probably they lobbied the law into submission... :(
@@FlexDRG issuing stocks is essentially a loan from shareholders and buying them back is like paying it off but more like storing the value of the business. That wealth isn't taxed because its unrealized wealth, it fluctuates with the market so its taxed at the point of realization.
@@Zach-ju5vithey're so detrimental that they used to be an SEC violation.
@@Zach-ju5viBS.
China has actually pulled their subsidies back in the recent years as there were a lot of low quality stuff that is only there for the subsidies in the early 2010s before they were outlawed and car building license of then were revoked en masse in 2014 so the companies that are actually building vehicles can benefit more. And even with all the tariff, the Chinese don't regard north America as a major market for selling vehicles. The vehicles would more likely go to europe, africa, latin America where they may trickle north, so the tariff is more a political stunt and a continuation to trump's(not so successful) trade war than anything else.
there are only what - half a billion people in North America? Small market compared with other places.
@@sebastiant5695330 US +39 Can =369M people plus slaughtered tribes still no where near 500M
You are smart!
China doesn't seem interested in the American market. Every year American companies don't have to compete with China is another year they fall behind technologically. Meanwhile China will be selling millions of cars to Brazil, India, Mexico, Nigeria, Russia, developing economic powers, many of whom will eventually be bigger markets than the US, and American companies will have no way of competing.
@@sebastiant5695 It's a matter of risk management. If the potential profit of sellling to half billion ppl can be flipped and confiscated by a piece of paper, you are passing your balls to someone else with a plier. Better not do it in the first place.
This brother are way too honest. 😂
Answer is very simple. When you can't compete in the free market, you use tariff
Like what China does with US? For decades the US has allowed cheap Chinese crap to flood its market, while many US manufacturing sectors were gutted by China. The US is partly to blame for this, but I’m glad US is finally realizing China is not good for its economy. OTOH US consumers want the cheapest crap regardless of quality and then complain they’re losing jobs to China. Do you know why most goods don’t last like they used to? After China became the world’s leading manufacturer, reliability of consumer goods plummeted. 😂
There was a lawsuit decades ago by Chrysler (I think) where they successfully argued that a company’s first responsibility is to shareholders, not customers. It’s driven US corporate behavior.
Think Boeing. Case in point!
Huawei has no stock, zero.
Dodge v Ford back in 1919
"Driven"... 😂
I love puns.
Well yeah ... the shareholdres are the owners of the company the customers are not
Your ability to express, and educate with such clarity is absolutely amazing. I hate numbers, but you make sense.
Keep spreading the good word!
Go Edison Motors! 💪🏼🔥
Thank you for revealing the truth. Hopefully more Americans will know these truths that majority in the global south already know.
Those buy backs inflate the price of the stock and essentiallly are companys that are merely empty warehouses
Why invest in development when you can just profit from stock market? 🙃
@@isoboy2125 👏👏👏👏🙂👍🤍
Yep, which means whenever the company comes under stress. If the government doesn't bail them out they would completely crumble along with the net worth of most of their shareholders, because their valuation isn't real and they don't have enough 'real' business behind their stock value to support it.
There should be no such thing as too big to fail. Taxpayer money has no place being given away.
Which is why China doesn't do that, and America gets butthurt about it.
But we sent 190 billion to ukraine. We need to send another 190.billion to ukraine lol and dont forget another 40 billion to Israel the us 51st state 😅😅😊😊@@armorclasshero2103
GM - stands for "Government Motors" because the government doesn't want any competition.
@@armorclasshero2103 Yep. Literally a real estate firm was going under and asking for a handout. The CCP said 'nope, borrow from your employees, sell off some of those houses or we would have to buy stock to give you capital'. Now that the houses are on the market the government is trying to use them to reduce the housing prices in the areas they're built.
I am from Chile and drive a US car (Nissan Altima, build in Tennessee I think), nice and good car, with an horrible CVT transmission. Well. I was looking for a new car, with a tight budget so I do something I didn't done before: look at a chinese car. Not BYD, but Chery, an even low-cost car manufacturer. Well, it was a beautiful and very well build car. I was really surprised. You really need to improve your technology, otherwise will be fully surpassed by China, and not because of politics, but because of quality.
Chery is very good, Tiggo 9 is handsome, cheap and of good quality.
In China, Chery offers a lifetime warranty for their engines
@@jeremyheung6582 also in Chile. Problem is not engine failure, but transmission and/or electronics, may be
I bought here in Serbia Geely Atlas Pro mild hybrid last summer,its awesome car ,not rally fan off exterior look but inside is just awesome .I have also 2 German cars (BMW E93 and Opel Insignia) which are little older but Geely beat them in quality and in smoothens .I was also considering Chery Tiggo 7 or Tigoo 8 which were similar price but in Geely everything is from Volvo XC40 ,engine,transmition ,platform and is proven technology so it was no brainer .
Geely also gives here 7 year warranty
Corporations are built to make money for their shareholders. That's it. The product is just the means to an end. Lobbying for corporate tax breaks are the means to an end. Spending subsidy money to buy back shares, are the means to an end. To make money. They don't care about ethics, or about their customer base. All they care about is making money.
We need tarriffs on EVs so that American Manufacturers can charge more and have bet ter profits... this is not competition... We need policies that will lower prices, not raise them.
"We need policies that will lower prices,"
But your Country US is a corporatist. So the so called Government is lobbied by US companies so they have no competition and raise prices for them.
Banning Tiktok, Huawei, Chinese EVs.
I totally agree! Companies should either work or not work. They succeed of fail. Period.
That doesn't happen when the entire economy is centered around the capital market. This is such a serious issue that economist has a term for it: "Financialization".
How does that work when you are competing against state owned industries which don't actually need to make a profit ?
@@cxv6367 Making profit and making newer, good quality product are two completely different things. All the company mentioned above makes huge profit. They are also baked by the govt. as mentioned in the video. Nevertheless they aren't really innovating much. Just corporate politics and financial engineering.
@@cxv6367 what state owned industries?
At the end of the day, I would most certainly buy a 10k byd commuter car, like absolute no brainer
then you would like the new BYD hybrid Seal 06 DM-i, up to 1,250 miles before it needs any refueling or charging
probably need to fill up once a month.
@@polysporin8332it’s a no brainer just waiting it out till next year when it’s available trump will allow it but have more tax
Wow, I wasn't expecting that, but YES --what you said about corporate greed and shenanigans. It's got a stranglehold on our politics and is at the root of nearly everything that is wrong in U.S. society --perhaps the world at large 😖
I have talked to anti-China pro-sanction people a few times, none of them can tell why forcing the consumers to buy more expensive car is a better choice at this bumper inflationary period that nobody knows when it's going to end. Most of these people couldn't care less for the consumers, which should be the first priority in any civilized society.
China are pro consumer they are good but china wants to dominate so they can have the china world where there are only workers
I'm confused, are those people you talked to literally all millionaires? Or they got way too brainwashed to just discover the truth, which is sanctions basically hurt only little to the Chinese, but mostly the consumers across the pacific, and the only winner is the politicians, who got voted by initialing those sanctions, got paid by the counterparts of the Chinese companies in the US.
This is solely about the US, UK, and Canada *Legalizing insider trading in the 1980s* Stock buybacks tied to stock prices had been seen as insider trading since the beginning of trade markets before then.
Your entire video is brilliant. End subsidies and tariffs in toto,
Reminds me of the Chicken Tax back in the day. Likely those "great" american car companies are the ones behind the push for the tariff.
They hate anything with imports kei trucks is also at fault.
It’s almost certain the American car company’s lobbyists are behind the tariff’s
Back in the Day? The Chicken Tax never left.
@@NEEDbacon Talking about the implementing purpose of it. Didn't say it was gone.
Back in the day? That policy is in place to this very moment.
Preach brother! Corporate greed is out of hand.
The problem is not corporate greed, as much as it is government corruption.
@@ericthehalfmexican9187 BOTH
@@ericthehalfmexican9187 Nah, definitely both.
@@ethimself5064Chase is raving about a communist country. It's dumbfounding how naive he really is. He lives in his parents house still. Chase needs to stay in his Lane or his company is going to fail IMO
@@gotthumbs2235 Well he is not exactly world renowned Economist, rather still learning. I get the point though👍
"Too big to fail" is the biggest joke told to the average person.
I have driven the BYD Atto 3 quite a bit and it is a fantastic car.
Until the airbags fail to deploy or it sends information about sensitive locations to a foreign adversary.
@@pootispiker2866 I am not in the US or europe, so the sensitve information part is not a concern. I don't think they care when I drive to the gym, or wherever. And I would trust this car's airbags the same as any ford or whatever brand you like best. Don't be so negative for no reason.
@@PyroShim So negative for no reason? It doesn't matter if you trust the airbags, Chinese cars in general- Burn Your Dreams included- have a very well documented behavior of not deploying the airbags. That's the reason, among others.
@@PyroShim Take a class in Economic Domination & how to achieve in inch by inch. First you put the Camel's nose under the tent
@@pootispiker2866 they had a recall for that and the problem was from one of their suppliers. You act like they are the only one that ever had a recall issue.
Here’s the issue. Every material that is needed to make these Electric Vehicles, North America simply does have those products. Several Critical minerals are needed for these products and every one of them have to be shipped into North America. If we go back to producing, purchasing, and the selling of final product, emissions would dramatically decrease. Supply chain would be vastly improved as well.
So I would have to agree that it makes more sense to purchase fully constructed EV from China than to purchase 80% of the materials and manufacture from them, ship to N.A. for assembly, and then still be forced to pay 60+x the price for it.
Yup for just batteries alone
👇
Battery Supply? It’s China, and Everyone Else
Globally, China leads in battery production by a wide margin, dominating levels produced in the U.S., Europe and East Asia combined.
Roger Schreffler | Apr 03, 2024
Andrew Miller, chief operating officer of Benchmark Mineral Intelligence, predicts the North American industry will need $50 billion to develop raw materials and $20 billion for midstream processes by 2030.
Earlier, Benchmark identified $580 billion in investments needed to build a global lithium battery industry by the end of the decade, including $130 billion in battery materials, namely anodes, cathodes, electrolytes and separators.
WardsAuto
You are absolutely right, man!
"Its not fair for American companies" lol
😄
We have to realize that in most countries companies do not make any products to sell but to inflate the shareholders pockets. That is why smaller privately owned companies taht have no or very few shareholders make products to sell not to sell products to inflate share prices.
He talk the talk and walk the walk...Great Man 👍
Please, for the love of God, keep Edison as private as you possibly can. I understand selling a percentage is a good way to raise capital, but don't allow yourself to get pushed out by shareholders.
This tech, called REV is not new. Chevy Bolt comes to mind and Dodge Ram 1500-E will have it. I expect it to flourish for long range trucking.The superior E drivetrain with an ICE generator onboard which will produce la lot less fumes than an ICE truck.Its a good bridge concept.
Oh look, another Chicken Tax.
I somewhat disagree. We should not be relying on China for our supply chains. That said the American companies are more interested in government subsidies than building good products. Small companies like Edison need to step up and put these auto giants out of business.
yeah edison motors has a long ways to go to be able to compete with those said companies but ironically they still outsource parts from china since theres lack of manufacturers of parts in north america. I really do hope edison motors moving forward would also manufacture their own parts in house if possible instead of outsourcing parts
- disagree all you like (of course we all should be relying on ourselves, and those we can work with on a win-win basis - as countries and alliances, not relying so heavily on others who are patently unfriendly and dictatorial (pure self interest) in many aspects). Are you out there creating local supply chains and collaborating with manufacturers who WILL produce product in your country... Chase seems to be trying to do this. Edison Motors couldn't even get an American e-axle supplier to work with him in his project, they seemed scared of small cottage industry innovation). Who cares if EVs are not the future for everyone (hint, most likely not), getting moving forward is always better than sitting on a collective ass and stagnating.
As far as I can tell if you want electric motors that are not complete and utter garbage, your only option is China, at least the kind of electric motors you would need for a vehicle. I don't know about for smaller products like fans, hair dryers, drills or whatever but I know for a large electric motors if you can find any that are not made in China, they are garbage
@@kadmow I would've agreed if you just said EVs are not for everyone which is true since EVs are not that efficient yet and there are countries that still don't have enough infrustructure to support EVs and battery technology hasn't improved yet but saying "most likely not" seems derogatory cause there are countries who already adapted EVs and ditched ICE cars completely. i say not all people likes and don't like EVs same as hybrids not everyone would embrace it but its the future.
@@kadmow And my response if i were to creat a local supply chain for car parts and technology in general yes i would alot of aspiring independent companies here in the philippines are willing to test the waters of innovation if only our government wasn't a problem here corruption and lack of funds since our government here is just after their own interest.
You explain this topic perfectly to those that have no idea. Dont trust US politicians
This American knows what's going on.
In 2020, premier Li Keqiang, citing the National Bureau of Statistics (NBS) said that China still had 600 million people living with less than 1000 yuan ($140) a month.
And the US had increasing numbers living on the streets
.
The US also spends 13 times as much per head capita on the "Defense" Budget compared to China.
.
Go figure
He is talking about students and the elderly, including babies.
Please start hiring engineers in the US! Love your attitude and would be honored to work for a company like yours!
Also, there are geopolitical reasons for the tariff on the BYD or other Chinese electric cars. What will happen is that American consumers will buy more expensive and lower-quality cars due to protectionism.
Same thing that happened in the Soviet Union. Shit cars with technology that is stuck in the past.
American taxpayers getting the bill while shareholders are laughing all the way to the bank.
I strongly agree with your main points but a few Chinese “subsidies” you missed are final products are not charged VAT, therefore they have a 12% discount. The battery you buy from China has the 12% VAT included. The price control of the Yuan is also one.
transport is also payed for by their government etc.
b2b is generally 0 vat until it hits the consumer. you don't pay vat(or sales tax) on exports either from eu or usa.
Chicken tax.
The wages he claimed is BS too, its 16k/ year in 2023 which makes more sense in context of China's GDP vs in the US its over 40k.
BYD will have a factory online in thailand at end of the year so the tariff doesn't really matter that much in long run.
That's good to hear. Hopefully in Mexico, too!
we dont have average salary of 29300 yuan/month, we have 68340 yuan/year in private sector and 120698 yuan/year in public sector🥲😩 Seeing someone saying we have that much a salary makes me wanna cry-- given our youth unemployment rate going around 15%😭
Huge tariffs on foreign products to save domestic manufacturers is not a bad thing. Not getting anything out of teh domestic manufacturers after they've been protected is.
For example, the kei truck import issue wouldn't be a problem if American companies weren't incentivised to build giant pickup trucks.
maybe we would be able to produce vehicles like this if so many companies didnt move large portions of their production to china for the past 30 years.
and the reason why the American companies are incentivized to build giant pickup trucks is CAFE/EPA regulations. emissions stuff is a lot more relaxed for bigger vehicles than they are for a small hatchback.
"Huge tariffs on foreign products to save domestic manufacturers is not a bad thing" If you want to protect your people you are totally correct. Government Motors or Ford does nothing to protect the people. The US government does NOTHING to protect its people - no matter which colo, gender or age the boss has.
Tariffs are just a tax on the people buying the goods. they don't even actually do what they are supposed to do. Have a look at the US steel industry today and note that we produce less steel today and have continued to close plants even with tariffs that are supposed to boost us steel production. the cost of steel has gone up and we produce less than ever. All a tariff does is raise money for the government, while making goods more expensive, especially every day goods that lower income folks can't do without.
@@johngaltline9933 That's the point
of the video. They get money and don't invest in r&d and instead play the stocks game. And then moan about competition.
Aussie V8 owner Converted to Electric... (but iv still got my iron lion carby fed holden never late in the 308 V8 mate )
As aa old skool petrolhead, I've always had a soft spot for V8 engines. So, when I got the chance to spend two months driving a BYD electric car on lease , I was skeptical, to say the least. But I'll be damned if they haven't won me over.
The warranty is massive, and they sip just 16 kWh per 100 km. Even with public charging at 50 cents per kWh, that's the cost equivalent of less than 4 liters of diesel per 100km - and it's half that on home power, or even free if you've got solar.
The Atto 3 Extended Range model has a 63 kWh battery that's actually cheaper than most home battery systems. I can't wait for developers to start bundling these with new houses. Imagine - 50 grand for a 60 kWh home battery that doubles as your car! That's a marketing pitch that practically writes itself. tesla was out selling Chinese company's so the big boss got a bit upset and started a trade war that tesla couldn't win ...dudes got a lot of cash but nothing on the ccp
Let's be honest, nothing beats the rumble of a V8 long headers and straight pipe exhaust , but these electric BYDs are bloody fantastic cars. They've got me seriously considering making the switch full time .......
Ps have you got any converter dolly's and ring feed on trailers ? or even a set of super B log trailers in the yard ? ...
You would win some hearts and cheque books around here mate if you can get carl up the front and crack the 100t gcm over the flats - as we love our big shiny bangers ripping triple sets still
Happy to send you a set of ROAD TRAIN SIGNS for it mate ... just let me know
V8 engines does sound lovely and it has a special emotional appeal to it. Thar said, they will eventually become a hobby machines just like horses became hobby sport after we start to mass adopt automotive cars and trucks. Burning 100% fuel is just too un economical when running it day to day when you have super hybrids like DMI 6 and pure ev.
US Administration didn't realize that US is now a financial motivated industry not a manufacturing and R&D industry. One look for short term and the other long term.
There are many factors to Chinese business global success, one of which is the fierce domestic competition. Many companies do not make it but those that succeed in the huge Chinese market are unstoppable when they go international.
Careful Chase, keep this up and in ten years you'll be maming these speaches in parlement! 😂
Are those numbers true for the Chinese subsidies?
What is "true"? Truth is the American EV companies have gotten 10 times more incentives from the American tax payers than the Chinese EV companies from the CCP. That is true.
Most of the money the US tax payers paid went into the pockets of the management of Ford and GM. Most of the Chinese money went into better, faster, cheaper production processes.
ALL of the money Tesla got in the US and China went into better faster more efficient production processes.
You see the difference?
@@wolfgangpreier9160 Not arguing the US money I’m asking if the Chinese incentives are true. Considering they spend hundreds of billions in other countries with their BRI what’s to say those incentive numbers are true.
@@gerbil7771 Yes they are, true. If something would come up that says otherwise you can read it in the EU reports. Currently the numbers still hold.
The difference is not the numbers themselves. The difference is that those companies have put the money into producing cheaper products and not into the greedy maws of the western capitalist pigs.
Of course becoming too cheap is also counterproductive as they are recognizing now.
Their markets are overheating and many producers and products vanish because of oversaturation of all markets. Internal and foreign.
The CCP even finances the transport and storage of overproduction of chinese car manucaturers to European harbor parking spots. What a mess!
@@wolfgangpreier9160CCP statistics are wildly and consistently unreliable. So no. Those figure are just propaganda. It’s unfortunate that you and others can’t recognize the obvious.
No. The CCP would never release unfavourable data or statistics. See Covid-19.
This man is a breath of fresh air in the Electric space, real life talk not hopium Puff pieces. 🎉
You nailed it man ❤
1:25 As a Chinese , I would like to point out that only when you are working as a programmer or engineer in big cities like Shanghai or Beijing can you earn an income of 20,000 RMB per month. However, if you are just a factory worker, your monthly income is only around 800-900 USD🤣. This is also the income level for the most of people. Of course, in China, there are many high-quality electric vehicles available for around 10,000 USD.
In answer to why American cars are much higher in price than Chinese ones ….. American companies sell for higher prices because (1) its all about the profit margin, baby (#capitalism), (2) they are protected by US government subsidies (and bailouts, just like the banks and Wall Street) and (3) buyers have over the years willingly shelled out big amounts for what is inherently a depreciating object (I wouldn’t call a car an ‘asset’) because credit is a way of life in the States, and combined with artificially low interest rates (until recently) have resulted in one of the most ravenously-consuming global populations of all time. You’re welcome.
You are correct. Capitalism is the problem--but to be more specific, it's state (crony) capitalism that's the problem. Free-market capitalism is the solution.
Tariffs are inflammatory and can lead to increased prices for other goods as well. Not to mentioned that they reduce export competitiveness and that they save some jobs on behalf of losing some other jobs. The only solution is increased productivity of domestic car companies and not tariffs. It's like using a band-aid for a venomous snake bite, it helps against infection for the first minute but it will destroy you inevitably on the longer run.
Plus, if foreign companies get too good, they'll just buy out the American manufacturing plants and the workers will just shift companies. No one would lose jobs, but better, cheaper products would be more available.
Don’t forget to complete the money circle. When Government’s gives subsidies and part of that money is returned to the politicians in the form of campaign donations and more importantly paying the politicians directly to “speak” at company events.
Oh yeah they should not be allowed to buy back shares.
FUCK
That shit makes inflation worse
100%
Seeing the government throw up their hands in the air and shake their head..“We don’t know where inflation comes from.” Is a joke.
For every dollar transaction in the economy, there’s a % tax.. that reduces the value of $$ by 50% ever time it’s running it thru Gov coffers, eroding the value. Useless “work” has 0 gdp value!
Then more money is borrowed to subsidize the company with lobbying and kickbacks to the government officials.
Subsidized companies that do Buybacks shares, with borrowed money on the back of working poor taxpayers should be 100% illegal.
It’s being whitewashed onto the general public.
No it doesn't. Stock Buybacks is just a way for a company to manipulate the price of their stock. It also helps a company retain ownership of itself and store wealth which could be used in an economic decline to stabilize the company. Its essentially a savings account.
@@Zach-ju5vi
Yes it does! That you said. But when a company uses subsidies to buy back their shares, that falsely inflates the price of the shares whereas it’s not based on gross increase of a domestic product, but it in effect erodes the value of the dollar using borrowed money on the backs of working, poor taxpayers. It, in fact, does nothing for them compared to using taxpayer money to fund an expansion of said company, and then in turn increase what they produce and many more jobs for people. This would help the economy rather that the investors that would hypothetically sell their shares at falsely inflated prices.
Edit (seems like this platform has got a protect you from any of the governments actions. My comments are constantly deleted.)
I’ll end this conversation with this; it’s a pump and dump scheme Zack, taking a subsidy from a corrupt government, adds zero value to the company except entrapment for stupid investors.
But hey, go ahead and invest it’s none of my business.
@@henrinaths1 from what I know about the stock market and stock buy backs, they should not create inflation. Stock Buybacks are just a company buying back it's value. A company can inflate the value of their stocks but that doesn't create wealth from nowhere or increase the actual value of the company.
@@Zach-ju5vi
Your analysis fails to realize the cause of inflation is based on a corruption.
The big picture of Canada, a resources rich country has nothing to show for its $1.3 trillion national debt.
The present government, has chosen to borrow money and subsidize companies. (Quoting the p.m. proposal to supply Germany with natural gas.. “there’s no business model for that”…lol ..surely that has to be a joke at some back room drinking establishment)
You’re right IF company CEO use their own personal wealth doing a buyback. Show a commitment to invest in their own.
It sends the wrong signal when they’re using borrowed money, created by a deficit spending Gov. c/w a national debt of $1.3trillion…to pump and dump? .. that’s a house of cards.
The Canary in the coal mine is the inflation.
For me there’s no value in that company because I don’t gamble .
Solid investor confidence, the backbone of the economy, is not built on gambling , short sell stocks and gdp propped up on a housing bubble.
But hey invest your money where ever you see fit.
Dude, an average factoryworker in China makes 500-700$/month not 4000. Wage is a huge factor for the price of goods.
Read what you wrote. Average. That includes the folks making all the random cheap crap. yes, there are all sorts of issues with wages in china and other places but in the auto industry, workers are making a pretty high wage, for China... of course $48k a year is chump change for a UAW worker today, but it's tracks really well with the tradition of overpaying workers in the auto industry Ford started with it's $5 a day over a hundred years ago. Less subsidies, paying what? at least 5 times the average wage if your figure is correct, and still selling cars of compatible or better quality for half the price? Maybe they are on to something.
And their rent is probably $200 and their cost for food is $100. Just because America has ridiculous prices on everything doesn't make it it globally true.
@@watvannou Sounds great you should move there
1:25 The top Google snippet and related ones below it are absolute garbage numbers, inflated way above all of the search results below. You can't trust any snippets from Google search- you have to actually check the pages in the results.
@@watvannou their food costs like here according to 2 chinese guys that just spent 2 months installing their machines where i work .
I love this man being passionate about real problems, dressed nicely, comfortably, and chilling under someone else's million dollar chandelier
You can really feel his compassion for the workers who will lose their job, Due to china DUMPING cheap Cheap car to wipe out a market
And GM and Ford didn't get billions of bailout subsidies in 2009?
US auto manufacturers should have been allowed to bankrupt a long time ago.
Tesla repaid that borrowed state loan already.
Which is a nice distraction from the other billions in state/federal money they've received
@@armorclasshero2103 I am not sure you get your facts right, GM got state money, not TESLA, tesla got a loan , which was paid back with interest
@@armorclasshero2103 I am a fan of electric tech and not particularily a Tesla fanboy. But without him forget about electric vehicles in N.America. He kickstarted the whole thing and even open sourced the patents for anyone. Despite that the big 3 dragged their heels and took handouts. I think Ford payed back their bailout loan as well...
"subsidies" "borrowed" "repaid" wtf are you smoking? 😅
34 bilion subsidies and another 15.3 bilion subsidies ups i mean "borrowed" in 2023.....
@@PeterBalko they've received over 3.5 billion in state and fed subsidies. They repaid a fraction of that.
From the data that the Chinese say, can you believe half of half of half of half, and a Chinese earning $4k a month??? If I remember correctly the minimum wage was over $300 and the price/hour was over $4, imagine what they have to do to earn 4k, that is very far from reality, like everything they say in China
i know they are generally in far less debt than Americans
The cost of life in the US is ridiculous compared to anywhere in Asia or even Europe. Suburbs life have ruined American. Healthcare is an organized racket. Racism has added cost of life everywhere just to enforce some kind of segregation by money. Nothing like that on the other side of the ocean. Oh, and worker get food at their work place, so they don't have to spend time on making it themself.
996 is the standard; 9am-9pm / 6days a week
Cost of living is just way way less in China
@@armorclasshero2103 that's not the point the point is why the cars are cheaper, average wage there is 1/3 of the quoted 4k/month based on proper estimates
Damn I feel your unbridled passion as a true entrepreneur who craves healthy fair competitions.
Oil and gas, we need to stop subsidizing them.
Exactly!
Wow, your social credit score just went thru the roof!
Gotta make sure he's able to do business there...
That's not what social credit is.
@@dumbestoysterthat's not what social credit is.
@@armorclasshero2103 That's the power of western MSM. Champion of spread false narratives, lies and misinformation, toward China in particular. The funny thing is if you ask 100 Chinese people what social credit score is, pretty sure all 100 of them would say "wtf is that"🤣
sour grapes! Have more copium!
A lot of errors in this analysis. Chinese wages is the big one. You picked a blog that doesn’t even cite the statistics.
The actual average wage is about a third of the USA.
I could go on further but you get the drift.
There are also discounted deals on land, contracts from the government and of course the clearing of red tape for the environment.
any chinese getting 1/3rd of usa wage would be over the moon. heck even average spaniards would be.
the non skilled labor doesn't enter the stats, you can't compare the averages and get anything meaningful out of it, you need to compare specific jobs. but lets say a robotics engineer who would make 100k in usa they'll make 30k-100k in china, but cost of this kind of personnel isn't really the thing that drives up the costs and if they are good they save money.
Please take ecpn101 before commenting.
Cost of labor 1/3
Cost of power, probably ~1/3 (lack of environmental regulation)
the result? a cheaper car? who would have guessed
@@mitchellcouchman1444 nothing but baseless claims and jingoistic flailing, priceless
Thank you so much. This is incredible
Yelling in a posh hotel lobby is ballsy
I'd be more onboard with Chinese EV once we have a verified good review from Rich Rebuilds on one lol.
They look good, but I have my doubts on longevity. I bought a used Ford PHEV from 2017, good battery, 100k miles, got it at a good price. I am very uneasy on whether or not these cars could do the same and still hold up to a 120mi daily commute.
You're doing 200km every day?!
You already own a Chinese-made car.
@@mskiptran hour to work one way, love my job
@@armorclasshero2103made in Mexico, main steelworks done in the US, electronics from various places such as Japan, China, Italy, etc.
Ev system designed by Ford/Toyota and built in Japan.
I believe engine is made in Germany, US or EU.
Do you know there are ev taxis operating in some Chinese cities like Shenzhen, since 2017. Some of these taxis have clocked up hundreds of thousands of km in mileage without having to change their batteries. And they kept going.
I have to disagree with your assessment of domestic auto manufacturing being unable to compete with China because of poor management.
- Wages are significantly less in China and also Mexico hence the transfer of domestic auto manufacturing to Mexico.
- Compare domestic workers comp or paid vacations or extended healthcare coverage or workplace health and safety vs China.
- Regulatorily compliance costs are less in China
- Property taxes are less in China
- Electricity is 1/3 the price in China vs California where Tesla was located
- Transportation costs less in China
- Waste disposal costs less in China
- Raw materials and supplies cost less in China
It is NOT a level playing field between domestic and Chinese manufacturing by any stretch of the imagination which is why manufacturing was gutted in the West and relocated there in the first place starting in the early 90s.
"Wages are significantly less in China" No they are not. Mexico is cheaper, thats why Ford and GM produce there. The point is Chinese manufacturers. Not GM or Ford producng in Mexico.
Wages are not domestic workers comp, paid vacations, extended healhcare. Either you talk about wages or the cost of the workers for the coproations. You can not talk about both at the same time.
Here in Europe you may earn 4000,-- 14 times a year for a industrial worker with 10 years of experience, cash in your bank account (we do not have cheques). The cost would be 110.000,-- to the company. The rest are taxes, social security and other incentives to the state.
So you've identified that bureaucracy is the issue.
Gee, I guess that means China is just better at capitalism than the USA. Since everything is cheaper in China and workers get better benefits that must mean that America is a shit country. 😎
What you are saying is China has superior supply chain than US .
We not only subsidized, we bailed them out because they are too big to fail
Very informative. Got yourself a new subscriber right away. Thx!
U need to run for prime minister of Canada lol
Let’s be clear, Tesla does not get government grants.
The US government is not subsidizing Tesla, the US government is offering Americans an incentive to buy an EV as part of the US strategy to move towards electrification.
ANY auto manufacture can make a car and the PUBLIC decides where the incentive goes by BUYING the car.
Unlike direct grants to other OEMs.
When you subsidize the product, you subsidize the companies selling that product. Sure, you are adding market forces into the mix which is an improvement over direct subsidies. But make no mistake, it's still funneling loads of money into Tesla's coffers and taking it away from manufactures of ICE powered cars.
Have you looked at the frame welds? Some pickup trucks sold in Australia only had half of the welds done. It was discovered after a fatal crash in Sydney
BYD has some of the best welding in the world, so good that they don't even need to put covering to hide them. it all done by robot, the cars are almost 3d laser printed now.
100% spot on! It's greed that's preventing them from competing.
I completely disagree with you on this. I'm on phone right now so you'll have to forgive my lack of reasons. love your other stuff but you need to do some more research about those Chinese cars. David Zhang China insider is an excellent source for china related stuff
Ayye love their channel but the thing is tho the export models that we get actually have to meet safety ratings and quality control, the ones that didn't pass quality control are the ones that spontaneously combust
Because they explode.
Electric cars seem to appeal to the global warming and non binary crowd . Those who have thought this through know better .
Gasoline vehicles explode all the time. You are actually sitting on top of a highly flammable gas tank. Any leak or rupture could be disastrous.
@@kamsunleong6648 Quite the opposite is true considering the hundreds of millions of cars , very very few explode.
Even though they ( USA) have the reserve currency they still weren’t able to manage a balanced economy. 34 trillion dollars debt. That has been some party.
We, Canada, have been used to create this. We supply the raw materials, they do the value added work and sell them back to us.
Canada has forever been the place to plunder by foreign companies.
You will have the opportunity to find out as you grow. Look what happened to Western Star.
Where is the benefit to make Canada a better place.
Our oil, owned mostly by foreigners. Our trees, shipped to where they added value and back they come as finished products.
Then the sellers come and buy up our real estate (driving up that market)
I hope you have great success and that you remain in control of your company.
In US subsidiaries called investment 😂. Am i correct ?
You should note that the quality of the ev's isn't the best from China.... have you seen the amount of cars just imploding from a crash? Or how they are built? Yes, there is definitely greed but more reasonable if you see other problems
Wouldn't they have to pass US regulations?
Chinese evs have been dominating the market here in Asean since they were launched about 2 years ago. They are popular because of their affordability and reliability. Proof is always in the pudding. Why do you think EU and US are so concerned about them coming into their markets. If they really as bad as you opinioned, why the fear or the need to impose 100% tariff. Surely no one will buy such poor quality evs. Let the market decide. Not be afraid of competition unless your own product doesn't measure up.
Chinese companies are being subsidised for exporting their cars. American consumers are being subsidised to buy American cars. American EVs are not a threat to China, the reverse is not the same however.
But the American are not building EV lol.
@@JimmyDoyel-by2cp Sure they are, but apart from Tesla they're not making a profit. On the other hand in China none of them are making a profit apart from BYD.
Nonsense. What’s your data? Or did you just make this up?
@@letsgobrandon4429 Automotive News Europe, Fortune, CNBC, Geopolitical Intelligence Services, MIT, Deutsche Welle, Atlantic Council, Nikkei, Politico, Bloomberg, EU Parliament, Voice of America, the list goes on.
thanks for your explanation !
TOTALLY AGREE!!
Relying on a foreign nation to provide anything is foolish. Especially when we are more than capable of providing it ourselves.
No, basic economics explains why focusing on your strengths and letting others do so too is far more efficient and result in far more wealth generation for everybody involved than a completely self sufficient closed economy. In order to make everything yourself you inevitably have to take resources away from things that you could be doing for others better than they could and vice versa.
@@siggyincr7447 problem with doing that is that you then become completely reliant on countries you dont control and may turn on you.
completely closing off other countries isn't wise, but neither is completely open policies.
@@siggyincr7447 Clearly you fail to grasp the basic principles of geopolitics. China isn’t a friendly nation to anyone. You’re either a resource or an adversary to them.
Never forget that china is an authoritarian, totalitarian, communist country. They have the worst human rights record, worst environmental record, ignore international patent laws, and constantly violate international treaties they were part of establishing.
The West loves free markets, capitalism, and competition....
until they start to lose 😂
If you want to buy local, prepare to pay double.
One thing tho, wages are definitely overestimated in your research. It simply is not that high. That figure is about double the amount of a normal engineer.
Living in Malaysia and have seen several E car fires….mostly chinese ones
@serpentza is the guy to watch about the situation in China. Shilling for China is never a good thing.
Is advocating for open markets really shilling for China?
@@siggyincr7447 open markets only really work inside a single country, internationally they dont work, you just open yourself up to be exploited
@@siggyincr7447 let go china Lets go china Buy Chinese's Not American !!! REALLY?
@@siggyincr7447 Oh so China is an OPEN market, yeah right
@@dennisboyd1712 Who said that? Are you really so simple minded to not understand the difference between advocating for open markets, which without exceptions has always benefitted the countries that have done so, and supporting China? Sure it might benefit China, but only if it benefits us as well.
Yeah you should really look into BYD. You don’t want those in the US. Stay skeptical man.
Almost everything you've ever purchased in your entire life has been made in china, even when it claims it's "made in America".
Oh, why not?
Skilled workers and low cost supply chain
To be honest, when a manufacture is focusing on the subsidies and stock options, it's dying without any excuse. I'm paying for those leave-no-one-behind while I'm leaving behind
Thanks for this information.
Sorry buddy, I'm gonna have to call complete shenanigans on the "quality" of BYD.
czcams.com/video/ZWzbq-Q_oTc/video.htmlsi=
czcams.com/video/IInTanHjnK0/video.htmlsi=
Yeah there's some great videos from David Zhang about the issues with those cars
@@theraytharow
Byd dominate the market here in Asean, simply because they are affordable and reliable. The proof is in the pudding. The market decides , not some videos from some Tom, Dick or Harry. Biden knows the American auto industry will not be able to compete against cheaper snd better built Chinese imports. So he protects them by imposing 100% tariff. EU has similar concerns.
Right on. Keep pouring it on. We need to get this information out there.
They're also protecting UAW jobs
By the way, competition in China's automobile industry is fierce now, and many foreign brands have to cut prices significantly.
I disagree with you on this one, it does not make sense to me to become dependent on China for solar panels, batteries, or EVs. On top of that, where is all the data collected by the EV sensors and cameras going to ?
the point is that america should compete by being smarter and better.
the tariff's going to be moot in 4-5 months anyway, byd could then just ship cars not made in china into usa.
usa market sucks for making money from cars though, a lot of it is due to the subsidies and the twisted market. this is also kind why you can't have a hilux for under 20k in usa. keeping up the unprofitable expensive car selling companies in usa has resulted in the usa market being weird, expensive for consumer and unprofitable for car companies.
So it OK for Google to collect all the data and not china. The fact that Google sells the data anyone means it does not matter that data should not be collected in the first place!
Why would they waste time collecting worthless personal data.
It's actually smart to depend on the Chinese for cheaper solar panels, batteries or evs. They can do it cheaper than anyone else. It benefits your consumers. Instead America should focus their time and resources on making things that China has not caught up yet. Like commercial planes and jet engines, high performance computing wuantum computing and vaccines.