How Chinese EVs Are Taking Over Mexico
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- čas přidán 10. 09. 2024
- Mexico has quickly become a major market for Chinese auto makers. Last year, China was the leading car supplier to Mexico, exporting $4.6 billion worth of vehicles. Some Chinese electric vehicle makers - including Tesla-rival BYD - have been looking for a further foothold in North America by exploring factory sites in Mexican states Durango, Jalisco, and Nuevo Leon. For Mexico, the foreign investment is an economic boost and some local governments have offered incentives to Chinese companies exploring factory options. But U.S. officials worry this could be a part of a larger strategy from Chinese auto makers to skirt trade restrictions and enter the American market. Experts say this leaves Mexico in a difficult position of maintaining its crucial relationship with the U.S. without being overly friendly to Chinese investment. Now at the center of a trade war between two major powers, how has Mexico quietly become a hot spot for Chinese EV companies and will the country become a “backdoor” for these cars to drive into the U.S.?
Chapters:
1:32 How Chinese EVs are taking over Mexico
1:36 Chapter 1 - China’s entry to emerging markets
5:12 Chapter 2 - Mexico’s auto paradise
8:30 Chapter 3 - Highway to the future
Produced by: Merritt Enright
Edited by: Evan Lee Miller
Animation: Christina Locopo, Jason Reginato
Supervising Producer: Jeniece Pettitt
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#CNBC
#evs
#tesla
#China
How Chinese EVs Are Taking Over Mexico
Toyota Corolla in China: $11K
Toyota Corolla in U.S.: $30K
TBH our auto manufacturers are getting too comfortable
still nobody wants a 11K corolla anymore in China so the sales declined drastically
Thats why u buy it online then haveit shipped over here and then resell it to carmax for 25k. Easy 15gs made
Quality differs. They use cheap plastic, bad safety features in Chinese models.
Also many are manufactured in China so less transportation cost
source: out of my ass
@@ka0s-j1gimport tax
It’s not the U.S. consumer that’s nervous. It’s the U.S. automotive industry that has been gouging the hell out of us that’s nervous.
Correct. Car industry is vicious. Overcharging U.S consumers like crazy.
They have to pay auto union workers somehow, they'll be the first to suffer because of cheap slave labor in Mexico.
Calling Mexican laborers "slave" is a racist, ignorant comment.
And im 100% they will push the government in order to ban chinese brands even in mexico, they did it with Huawei
@@yogoombah2356 nothing to do with the auto union, your dealership does price gouging for popular models up to 30% of recommended retail price. You think that's fair?
US moves car factories to Mexico that's fine, but China does the same and people freak out. I want the cheaper cars
You have no idea how cheap they really are, go ahead, buy one and see,
move to Mexico.
move to China.
@@francismarion6400go back to Europe
I have one, they are fantastic, I own 3 cars and 2 are American... The BYD is easily the funnest to drive
In Brazil, we don't have a national car brand; instead, our market is dominated by American, European, Japanese, and Korean brands. Chinese automakers entered the scene in the early 2000s, but their cars were of such poor quality at the time that they were widely ridiculed. In 2020, Ford closed its factory in Brazil and shifted to importing cars from Mexico and the U.S.
However, things took a turn when BYD entered the market. The Brazilian government requires car manufacturers to establish local factories if they want to sell vehicles here. Seizing this opportunity, BYD purchased the Ford factory that had been closed and began selling their cars, which are packed with advanced technology, at very competitive prices. This move caused other car companies to start lowering their prices as well.
For us, this has been a great development. BYD offers a wide range of models that are not only affordable but also of high quality. The increased competition has led to better prices and more choices for Brazilian consumers.
Win win 👍👍
The Gaokao student can work now.
Competition is always good for consumers. The overcapacity is just other excuses for failure to compete.
好样的兄弟
data on safety?
Competition is a good thing, the American auto makers just want a monopoly on expensive meh vehicles
Agreed! And now the American expensive meh vehicles have competition from Chinese cunningly-priced crap vehicles.
So yes, this will bring down prices significantly of the American expensive meh vehicles....and that price reduction is the only good thing to come out of all of this.
Competition is good, but not when you have a country backing you up with an infinite amount of money. Imagine owning a company that manufactures cars at loss but evade Chapter 7? that's the ccp competition
@@bobbob-gi1yp poor quality vehicles from china if you are poor and waste your money on this garbage that caches on fire
@@disdoncableI was in Shanghai. The local brands are ahead of most western brands. Avatr and Aito have high technology, comfortable and good prices.
we love, need & hope for chinese BYD's... at $9K per car - major game changer!!!!
As a consumer that is not interested in using EVs, at least not yet. These cheap chinese vehicles has caused other brands (here in Thailand) such as toyota, mitsubishi etc. to drop their RRP which is good for all. So I am all for it. Competition is good for us consumers!
just get the byd hybrid with a range of 2000km.😎
Yeah, after dropping rrp, consumers spend the saved money on other economic sectors, which boosts the whole national economy.
@@mingouczjcz3800they spend it on more Chinese imports threatening any factories and jobs in Thailand.
That sounds great until people start doing research on how poorly the cars are made. They are not just poorly made. They are dangerous. On average eight of them a day burst into flames due to faulty batteries. Truck loads of them burn before even being delivered. Entire dealerships have gone up in flames due to these cars. The mfg can also do things like lock the owners out of their cars and worse. They also collect all personal data including video and audio. After doing a lot of research I can say with confidence that anyone who buys these cheap cars will not get what they paid for.
I am very disappointed by this because their cars look really cool and have a lot of features. Unfortunately those features are often not quality made. Everything else from there is synonymous with cheap junk that does not last or is not as offered. So why would it be any different with their cars. Their own people are waking up to the fact that they are not worth owning. Why buy a car that puts the owners personal safety at great risk. Driving is dangerous enough.
@@Jonathan.D did you read this? In September, Hyundai and Kia issued a recall of 3.4 million vehicles in the United States with an ominous warning: The vehicles should be parked outdoors and away from buildings because they risked catching fire, with the engines on or off.
Just build a cheap car. Jesus. This isn't rocket science people. I REFUSE to believe that you cannot sell a car for less than 50k new.
They want to keep milking consumers 🐄🥛
Mesele sadece ucuzluk meselesi değil ucuz ve kaliteli mal meselesi.
The funniest thing is, they claim to be the leaders of innovation... But they cannot even figure out how to reduce the price of the cars using innovative solutions.
Researching new materials, boosting advanced manufacturing & AI, etc etc
It's beyond them...
Instead, they will try to discredit China by claiming China is able to reduce the price because of subsidies...
Not innovation, not automation, not advanced manufacturing, not dominating the entire supply chain.
Only subsidies.... Hilarious
Just the big monopolies that lobbies for more dominance and control over the American market .
When there’s no competition, no reason for them to lower prices
The only threat is to American car manufacturers is that they won't be able to price gouge anymore
Yup. They want $20K MARGINS! We want $20K CARS!
No more
It is so hard for American media to agree that Mexican are not stupid and they choose the best cars for themselves.
Hu, is hard to agree they arent stupid ?
They will learn soon enough on the consequences of allowing China into the country. Just ask African countries how well that's worked for them.
@@jorgesalazar818 Sorry, but China is the future.
😂😂 son how many countries has china bombed or invaded . Your funny amigo@jorgesalazar818
@@jorgesalazar818Whos they u pocho??😂😂
This "overcapacity" narrative is ridiculous. China exports 10% of its EV production. The U.S. exports 25% of its automotive production, Japan exports 50%, and Germany exports 80%. But somehow China needs to be singled out for "overcapacity". The fact that the U.S. government and media doesn't even make sense anymore is telling.
How many EVs in that 10%?
@@ksrawat88
Which specific part of the stats is incorrect?
Lol double standards only for sore losers.
@@ksrawat88 --- is that a legitimate argument or just old fashioned hogwash?
What About 10 percent of 1.2 billion of Chinese population vs 80 percent of 10 million German population.
im a poor yankee living at the states... BYD please come to USA. we cant afford $55K for a car, chinese BYD cars at $9K will save me and my family - big time!
They are absolute junk vehicles.
@@warpet2011so are Tesla’s tbh so may as well buy the $9k junk
@@warpet2011 BYD make great cars, why are you so angry?
@@warpet2011 why does brazil give them such high reviews then?
@@warpet2011CNBC should make a video about all the developing countries that are consuming the Chinese EVs to get their opinions.
I’m Mexican. Damn right! I was living legally in the US last year, I returned home to Mexico and suddenly I see many, many Chinese EV cars here in Mexico.
@edab2490 I’ve test driven the BYD here in Mexico, Myself coming from the US market, trust me I was surprised! BYD cars feel high quality, good materials and solid construction. Now I see both sides of the coin, US quality and modern Chinese quality (BYD).
@edab2490 Thats the thing, when it comes to cars, they learned from American companies like GM, who tried to enter the Chinese market and had to teach them all that stuff. They took that seriously. I mean BYD used to make Tesla's batteries. From a lot of reviews, and even European crash test data, BYD makes some pretty damned nice, safe cars.
I don’t think anyone cares if you were living legally in the US
@@alonsorodal6250😅😅
If he is not, we’d be hearing go back to Mexico.
lol can you imagine the capitalist world crying cause they can’t compete? Crazy.
😂😂😂😂😂en iyi yorumdu bu
Underrated comment
lol , China is capitalists as well. The fact that they have dictatorship of one communists party has nothing to do with underlying economy that they run.
Communism doesn't allow private property =)
👏 you nailed it
Clown
Americans always criticize China about subsidizing industries. So the $7500 tax credit to buy an American EV is not a subsidy? Or the billions in grants to build battery plants in America? America is just not competitive
Again American jobs workers are protected are you going to hire them?
@@leahp1765 protects from what???? if the company that hires them sells expensive car that no one could afford???
@@D_2_M Hon buy use cars they exist and are like less then $10000 some are even $3800 I know so cheap..you just love complaining
@@leahp1765 What if I want something new. And why should I pay 50k for the same car costs around 20k in China.
@@D_2_M what are you talking about ? if no one could affard, why the total Sales volume of the US market is still rising.
If America can't compete just shut up and stop the nonsense of government subsidies as if USA ain't giving massive subsidies to their companies.
Exactly…they keep mentioning how the Chinese government is subsidizing while they are also doing the same thing
Americans bite their fingers watching other countries drive cheap and high-end cars from Zeeker, BYD, Xiaomi, Huawei, Geely..etc
The one doing all the whinning and crying ... that would be China! How about China ... just shut up already and move on. Karma is catching up to you.
They're the king of subsidies.
Article Title : "The Real Cost of the Inflation Reduction Act Subsidies: $1.2 Trillion"
How many times has Boeing been bailed out?
Too bad Chinese EV are illegal in USA to protect Elon Musk.
No they are not just costly
Wrong.
Screw that guy
@@nicknevco215 the exact same.
They're not protecting Musk, they're protecting Ford and GM
Whatever happened to America's undying love for the free market? Is that only applicable when it suits them? 😅
The free market concept breaks down when competition gets acquired/litigated/bankrupted out of the market. That's what China banks on as it subsidizes its champions to loss-leading prices.
It's never been a free market. Subsidy & lobbying go hand in hand. Billionaires are a policy choice.
或许美国现在的政客用来学习的教科书是盗版😂
It was never really a free market. The US always had subsidies for it's industries and China had even more subsidies and high import tariffs when the US had none
@@Admiral-General_Aladeen lies
I'm from Mexico, bought a Byd SUV, same equipment that my previous X5 at half the price, uses half the gasoline and haven't had any issues with the car itself, great buy. Cheers!
Wow, Which model
Song Plus
Slava TEQUILA 🥃 Heroyam Burritos 🌯
Half gasoline 😂😂😂 … many Chinese cars are eating dust here in Puerto Vallarta..😂
@@ksrawat88 Eating dust?
You must be putting US gasoline😂
My BYD is better than the $60,000 Tesla my cousin has in Los Angeles, CA.
Communists out-capitalizing the capitalists.
it's called neo-mercantailism..
@@tooltalk Mercantilism is still capitalist. You don't think the US subsidizes ford and gm?
not exactly. The CCP is funding these car companies.
@Omniback20 The Soviet Union produced and sold weapons and that wasn't Capitalism.
Fake capitalists.
Americans crying on the comments because they are jealous and afraid of competition 🤣🤣
Chinese cars welcome to Mexico! 🇲🇽🤝🇨🇳
Chinese cars are the future.
Same as the European car makers. They're crying because they can't rip us off anymore with average built cars. You go China. I love my MG5 EV.
Not this american. I've been waiting for this for........30 years.
Not the Americans- the big union, overpriced auto makers. The average American knows that overregulation, taxes at every step, and union wages are keeping us from being competitive.
Chinese cars are a trend.
Other countries have set up plants in Mexico. China does the same and suddenly it is a problem?
Most car manufacturers have factories in China, but when China open factories in Mexico, and it is a threat?
Also, this isn’t about China over-capacity. If it is, then China doesn’t have to build new factories outside of its borders.
Por que seria una amenaza?????
@@gatomichi2869 bien sencillo, porque si china pasa sus carros de 11k a Estados Unidos que vende sus carros en promedio a 55k les va a ir mal a las compañías gringas. Yo trabajé en una empresa en Monterrey que vendía sus piezas que fabricaba a $10 y luego vino una empresa china que empezó a vender piezas iguales en menos de $5 y pues todos les empezaron a comprar a los chinos. La bronca es que la compañía de Monterrey podía bajar sus precios a esa misma cantidad o menos y aún así les quedaba suficiente ganancia, pero no envés de buscar darle competencia a los chinos se la pasaban nomás chille y chille y quejándose de los chinos. Y eso es exactamente lo que les pasa a las compañías gringas. Si los chinos se meten, en vez de hacer competencia y bajar sus precios nomás van a estar chille y chille y quejese y quejese porque no quieren ganar menos de lo que ya están acostumbrados y es por eso que para ellos los chinos son una amenaza.
Because other manufacturers come from Vassal States of the USA. China is a real competitor and a threat to USA World hegemony. Simple as that.
This is a very good point, many other countries "over-produce" and sell abroad, why is this a problem now?
exactly, VW has been in Puebla, MX for ages
Dear Americans, your government doesn't want you to have nice things at an affordable price.
We already have good things here. Don’t need Chinese junk.
Yup! According to chinese, russian and other "friendly" trollZ. lol
@@nostradamus9608 wrong wrong wrong
CHINA WAS CREATED 20000 YEARS AGO. IT'S THE OLDEST CIVILISATION ON THE PLANET .
USA JOBS DIDN'T GO ANYWHERE . USA IS A TOTALITARIAN REGIME
FIRST CLOSE USA MILITARY BASES IN OTHER NATIONS THEN TALK .
Whether Taiwan is an independent country
or not is already settled With UN resolution
2758! In 1979, 2758 ruled that PRC
mainland China is the only legitimate
representative of China As of now 2758
still valid and the only one that counts! It
has more than 1 80 countries J support
superseding any other treaties documents
& agreements! When 180+ countries speak, J
it is final: Taiwan belongs to PRC mainland
China. Abide by it!
If you or KMT/DDP can't accept 2758, leave
Taiwan & exile to other countries! You can
even exile to the moon, nobody will miss
you.
It is PRC mainland China's Taiwan, not
Taiwanese/KMT/DDP's Taiwan!
@@nostradamus9608 yeah as an American in arizona . I am ok with china
Give us Mexicans good and cheap cars
Yeah. China's 'overcapacity' is hurting the US, and Europe. I want to know WHY the 'overcapacity' issue NEVER came up when the US and European cars are exported all over the world? Obviously all the cars produced in the US and EU cannot be sold in their respective countries and had to be offloaded in the overseas market. But you don't hear those countries cried 'overcapacity'!
I live in California and I would love overcapacity of Chinese Solar, batteries, EVs.
Everything is more expensive here with the tariffs put on Chinese renewable technology.
Because less people in America and Europe
That's simple. Most cars in China are made locally in China -- all automakers, bar Tesla, were forced to form a joint venture with a local competitor so China can share profit and force transfer IP to Chinese companies. Just go look up EU's WTO complaint DS549 filed in 2018.
it's just that you never paid any attention to this. the CCP's market manipulation and domination was well known from the EU's dealing with China in solar panel business. No surprise that China employed the same modus operandi.
@@tooltalk source?? Proof ???
The Americans are so scared that they had to beg their government to ban these amazing cars!!
The government did that themselves 😂 US citizens didn't support it
I wonder if people can import from Mexico?
Those cars are affordable, and could really help some struggling families out here in this country.
How many struggling families can afford a brand new car?
How hard is it to finance a $10K car?
@@deanstyles2567 my point is there’s no affordable options for low income earners anymore
@@Chicago_jakeis it my fault?
@@ka0s-j1g who are you then?
CNBC always used subtle negative words on Chinese EVs but I am glad the majority of the comments here disagree. China is not scare of competition. If you go to China , you can see so many US, European, Japanese and Koreans products there.The Chinese sees it as a good incentive to compete and this benefit China. I am disappointed that the Americans are scare of competition especially from China. Their companies need protection from their government. I can hear chickens sounds already.
Their pride has caused their downfall
No. I say blocking them from coming to US. They will destroy US car industry. Block them. You can't compete with government subsidized manufactures.
Not to mention all the subsidies and bailouts US automakers get from the govt
As an old capitalist country, US enterprises are incredibly afraid of competition.
The Communist Chinese are more free market friendly than the hyper capitalist United States. Pathetic.
As a Canadian, I will buy my first BYD car this week.
where? In Canada?
Please tell me how they drive, I want to know.
Tell me how.
I hope you've done your research, everything I've heard is the quality is terrible and you're lucky if it doesn't burst into flames.
BYD only sells public transit buses in Canada now.
As a Mexican consumer, imagine 3-4 years ago seeing prices rise +25/30% from one year to the other for Japanese, US American, and European cars. Then come the Chinese cars with -20/25% in cost, with very stylish modern looks and with well-equipped cars (technology wise) compared to the basic crappy versions of the other automakers. Then right after suffering a big economic hit form pandemic, it was natural to consider a Chinese car despite worrying about quality or spare parts supply chain (who's buying a Ford subcompact when you can have a nice MG sedan). Regarding EVs, the BYD is not only less expensive than a Tesla, but is also better looking (Tesla's looks are outdated) and very good technology. A good product at a reasonable price, as a consumer is a no brainer. Every country uses subsidies, US is just trying to protect their foothold in the market and attacking propagandistically China is part of the strategy... maybe its just buying time for GM, Ford and Stellantis to get their thing together, catch up to Chinese and put a good freaking product at a reasonable price.
Imagine 3-4 years from now when that Chinese crap is gonna start breaking and fulanito around the corner is not able to repair it because there's no supply of parts, you'll find out that it would have been more convenient to buy a FORD, NISSAN, TOYOTA or VW than a BYD
@@gianmariamalmesi4133 do you really think chinese cars won't be present all over the country in 4-5 years?
@@gianmariamalmesi4133 holy cope.
@@Caxacate they will be because the Mexican car market is oriented to cheap products but this doesn't mean they are delivering a good product. China is dumping its overproduction all over the world; the difference between Mexico and USA/Europe is that there's no barriers in play from lawmakers
@@gianmariamalmesi4133cheap propaganda, I bought an MG 3 years ago, my neighbors bought a Ford like two months after me. I can't remember now how many times my neighbors have taken his Ford to the shop. I've never have any issues with my MG
Sounds like the US automakers need to make better and cheaper cars.
It’s too late they had decades to invest in battery tech and software. Now they’ll have to die.
There are already EV leaders in the US such as Tesla, Rivian Lucid, etc, etc. their mass-volume models are a year or two away.
@@tjayythedon3270 Japan and Koread had 3 decades of investment and R&D in battery tech. China was acdtually very late to the EV battery game. China simply forced them to waive their IPR so they can access China's local EV market a decade ago, but practically banned them from selling any batteries in local EV market to protect the local industry.
@@tooltalk rivian and lucid are non players. almost no one buys them outside of the US
@@tooltalk so essentially China made leaps in battery innovation and production despite being decades behind in RnD? pretty based
Why does CNBC make this sound like an evil thing. So arrogant and much hubris.
You don't see how a communist country who is subsidizing it's car industry to undermine our car industry is a problem? LOL You're gonna be funding their war when we eventually have it.
when would China allow foreign EV battery makers to compete in China?
lmao sounds like cope.
@@tooltalk You are really a tool of China haters, telling lies with open eyes. Wasn't Tesla the only one in China? Battery? Can they be compared? Tesla uses Chinese batteries.
@@tooltalk can they compete in china? there is no restriction for any to come
Now I have to buy a BYD car. The attitude of the U.S. government has already proven that BYD cars are definitely great and affordable.
The more the U.S. government opposes it, the more it proves the quality of Chinese cars. Otherwise, what are they afraid of? If their cars were of poor quality, they wouldn't be able to survive in the U.S. market at all. The invisible hand of the free market economy would cause their business to collapse.
Agreed
I mean if you live in the USA you ain't getting one
And if not and you live where you can buy one then why do you even care? Idk man seems odd
I love the self-serving overcapacity narrative being peddled here. Nobody says that Toyota or Hyundai were overcapacity in their domestic markets and had to sell in more developed markets. lol. Or John Deere was overcapacity in the US market and had to export internationally. Why the double standard? It's really quite pathetic.
People prefer BYD because they’re cheaper and better quality than Tesla. Get over it jealous Americans.
Cheaper? Yes. Better quality? Well… no.
@@xDUnPr3diCtabl3Honestly, Tesla made in China＞BYD＞Tesla made in America.
Byd dolphin is 30k€,
mg4 28k,
Tesla 3 41k€
@@xDUnPr3diCtabl3 Doubt that you've driven either. The Teslas made in the states are such sht quality that the bar to be better than them is 6 feet underground. Worst build quality I've ever seen in any brand. So bad that it makes Maserati look like actual luxury cars. I saw some Chinese EV showroom models while vacationing in Shanghai, and the quality is not even close. Tesla is ages behind everyone, but especially behind Chinese EVs.
@@Aaron-bh5cp My Tesla is from Shanghai. ;)
This video feels like propaganda by the US government and companies, they know US auto industry is not competitive enough against Chinese, so they're using this Red Scare tactic to keep consumers comfortable paying unreasonably high prices on new cars. Remeber, fair competition in market ALWAYS benefit the consumers.
Nop. 95% of México make less than 800 USD monthly. And a Tesla is more than 100 K if I am not wrong
America doesn't understand China.
China understands that America is merely 4% of the global population & its consumption % high as it is is nonetheless, miniscule.
Let's be realistic. Remaining automotive jobs in the U.S. are some of the few remaining manufacturing jobs that pay good wages. If the Chinese come in and take marketshare from the American OEs, the American OEs will be forced to cut good paying American jobs... And, if the Chinese come to dominate the market one day, the American workers may end up working for Chinese plants here in the U.S. That is all very possible.
Come on, GM is like a bloated cow dieing in a field, waiting for the vultures to fly in. Stellantis is crap and broke. Ford is struggling to find a strategy that makes $$$. They clearly cannot stand up a wave of Chinese competition...
So, consumers may get cheaper cars with better tech for a while. But, the American standard of living will decline.
Anyway.... I beileve the U.S. goverment's bigger concern is that the Chinese are getting ahead in the EV and AV spaces to a point at which the American OEs may never catch up... China could very well end up dominating the industry and related industries for the next 100 years and beyond.
People prefer Chinese evs because they are affordable.
Affordable, good quality, great technology.
The whole package.
Elon musk used to laugh at Chinese cars in 2008, now he changed his opinion.
He considers Chinese EVs the most competitive in the world by far...
Not only that, the quality of Chinese EVs are of good standard as well, especially those capable for exports
even US cars are pretty much China parts....
And no subscription or locks in the system
@@I.0003 and great quality
Meanwhile In Elon Musk's mind "I'm afraid to take my Tesla's plant to Monterrey, my dad Donald Trump could be mad at Me"😂
US: I can not compete with the Chinese, I have to push them off the US border
That's the wild part, the US already has good affordable electric and hybrid vehicles, the manufacturers just choose not to make them as the unit cost is lower.
It is hard for Americans to understand that Mexico is no longer the back door, it has become the front door.
Slava TACOland 🌮 Heroyam Tequila 🥃
😂😂😂 agree
I knew a girl once that ONLY liked the back door..
In order to avoid the US tariffs, China is using Mexico as their backdoor.
You're wrong. Mexico just became the vacation house of the Chinese now.
Enough with this chinese 'overcapacity' talk. Aren't western countries biggest supporters of globalization? In a globalized world economy, the country that leads in EVs should specialize in EV production and export as much as possible.
over capacity then said they want open factory in mexico
both cant be true.... these reporter are brainless
Not western countries. A handful of globalists.
Google utube Facebook Twitter Netflix Wikipedia to list a few blocked for decades. Where was the talk about globalization back then. Hypocracy of China.
Make TACOs 🌮 Great Again
@@wendawei6447 It's a problem when those EVs are subsidized by the CCP. In that case they aren't market forces but rather government price manipulation.
I recently have stopped caring if Musk goes broke.
Because it is cheap and affordable to mexican and Latinamerican ppl despite not being produced in Mexico or Latin America, compared to electric cars from the USA, which, despite being produced in Mexico and Latin America, are not affordable for the people who manufacture them for the American market
Maybe if America stopped investing every dollar they have into Israel, they might have affordable cars too!
I think Chinese car makers are building factories in Mexico and Brazil to produce locally
because CHINA is selling their cars below cost to destroy the competition
Is it in Mexico's best interest to buy them? Car manufacturing and its supply line is big business for Mexico and employs a lot of their people. If China's near slave-labor market takes over... are the Mexican people ready to slave away building cars to match the Chinese?
@@covertpuppytwo3857Man, we are already slaves 😂
We don't care if your lawmakers don't let you drive cheap, good quality chinese cars. We in mexico can love these cars. We can't afford your 100k ford or chevy trucks so if you can't compete don't try to prevent other countries from selling their peoducts
yeah i don't know why CNBC is so concerned about Mexico, its free to buy any vehicle it chooses right...
@@merrychase9744 probably they dont want a China 2 at his side
Que no te han informado como estan esplotando sus baterias de litio y nada apaga el fuego? Las flechas se quiebran con un simple bache. "Made in china" compa.
Wait a minute, are you fudging 50cent army dude?
Ese carro barato te va a salir caro en un par de años
Esos carros estan hechos de papel compa. No gastes tu dinero.
Maybe the American brands should stop building expensive junk.
America has always been a leader and not a follower. Mexico - We are turning to EV's; US - no thank you.
They never will. As long as they are associated with status. Americans will buy status, even if it’s garbage.
Sounds hard because American companies are GREEDY and only cares about rising the stock price
Agreed!
a threat from china automakers is not for the auto market , or for the consumers, but for the greedy corporations, that want exorbitant profits.
The Chinese brands that had come to Mexico, are making "traditional" brands to lower the prices for their cars. It's a win win even if you don't like Chinese cars.
Yes but what if their prices go so low that other car manufacturers cant compete??? They will monopolize the car industry. China floods the markets with cheap products to wipe out the competition. And many industries and countries have had to set up policy to protect themselves from these Chinese flooding of markets.
We need BYD cars in the U.S, they sell their cars for $12k. The U.S gov can make 3k per car and i'm happy buying a BYD for $15k. But im not buying a trash Tesla for $40k.
A car in China: 10k€
Same car in USA: 25k€
Same car in EU: 35k€
Taxes and tariffs.
They don't want you to own a car in the west.
It's because of taxes and tariffs.
When Chinese cars were not yet competitive, they were sold more expensive in China than in Europe and the United States.
the chineze cars are Crap though..U get what U pay for
20 global automotive companies from Asia, Europe, and the U.S. have manufacturing facilities in Mexico including GM, Nissan, Toyota, Honda, Volkswagen, Ford, Renault-Nissan, Fiat Chrysler, BMW and Mercedes. So the big three US auto manufacturers are all in Mexico with manufacturing facilities. GM & Ford are also big in manufacturing in China . Big Ford SUVs are made in China and shipped to the USA.
It should be noted that GM & Stelantis were bailed out during the financial crisis by the governments of the USA & Canada. Then they expanded their manufacturing in Mexico.
The big three also stuck it to consumers during the pandemic. Trucks priced at $80,000 to $120,000. All their vehicles went up in price and dealers invented "market pricing" to get more money out of consumers.
So just how loyal are consumers to these companies? If China can produce a good product at a much lower price, consumers in the US & Canada will buy them. President Biden just levied a 100% tariff on Chinese EVs.But if China manufactured them in Mexico that tariff would not apply due to the free trade agreement. If consumers could get an EV or ICE SUV made in China or Mexico for $20,000-$25,000 there is a big market for that price point.
It's free market, just like how you American loves to preach.
It's not just a free market. We have anti-trust laws to stop monopolies and other things in place.
It's free market and china is trying to monopolise, be honest with yourself and others.
@@ocampbell1954ironic how murika can't compete when a competitor is delivering a superior product at a affordable price.
China blocked everything they can't copy. Now the west is blocking their cheap crappy cars and they act surprised now 😂😂
You can fool the white men, nice try tho
@@estiennetaylor1260 Competition must be fair. Which China is not practicing.
How dare China make affordable, competitive green automobiles. They must be stopped.
When will China allow foreign EV battery competition in China's local market?
@@tooltalk Anytime if they can out-compete.
🤣🤣🤣
you don't buy their EVs, but you still buy either their processed lithum or its battery technology... Crazy how the chinese government figured them all out!!! The west wants to cut out the chinese supply chains, wishful thinking..
Make TACOs 🌮 Great Again 🌯
So it's okay that the US companies sell their ''overcapacity'' to CN for decades but not the other way around? intersting to know...
Google utube Facebook Twitter Netflix Wikipedia to list a few blocked for decades, but cry when import duty was raised. We know who started it.
@@kumar.193okay Kumar you are just regurgitating domestic Indian misinformation. They left because they didn't want to comply to Chinese domestic data laws... Just wait the same to happen to the Indian market
Slava TACOs 🌮
@@kumar.193 You know nothing. The things you listed are blocked because they refused to follow local laws about contents and data storage. BYD and Huawei followed every law but still got banned.
@@kumar.193 India best achievements so far
India's Hunger index
2013: 63rd rank
2022: 107th rank
India's Happiness index.
2013: 111th rank
2022: 136th rank
India's press freedom rank
2013:79th
2022: 150the the fourth pillar of worlds largest
democracy is no more
India's unemployment rate
2013:4.9%
2023:7.5%
Unemployment rate never increase in growing
economy.. india is growing only on paper and by
loan
India's Debt
before 2014: ₹55 lakh crore
2023: ₹155 lakh crore
India's GDP from 2004 to 2014:
$709 billion to 2.04 trilion (almost triple)
India's GDP from 2014to 2024:
$2.04 trillion to 3.6 trilion (expected)...not even
double
US automakers have been manufacturing cars in Mexico for decades. They have a head start and should have the advantage so what is the problem? Same labor pool and same rules, and even better logistics. Stop the fear mongering.
From pharmaceuticals to cars, why does almost everything cost more in America vs other countries? Is it possible that our "democratically elected officials" care more about corporate profits than the well being of its the common people?
N the taxes we need to pay r insane
The answer is yes. Corporate,s fund their election campaigns. The voter merely puts an X on the ballot paper.
Example deodorant sold in US Walmart $7 dollars, in Mexican Walmart $45 pesos from the same American brands and same size!!
And these corporations also demand tax breaks in addition to subsidies
Ask them CEOs how much they make and their bonuses! It should be criminal!!!
So Tesla, an American company, can sell cars in China, but the Chinese can’t sell their cars in the US? Doesn’t seem like fair competition to me.
And Tesla also received a lot of subsidies from the Chinese government😢.
Not exactly the same thing as Tesla's cars are not imported in China. This video is discussing Chinese manufactured cars imported into the US.
I mean, American and Japanese automakers set up shop in Mexico yet they price their cars in the US as if they were built there. I don't see them passing on the savings to the consumer so it's hard to feel sorry for them.
their goal is to make more profit not to pass savings on to costumer. that is why they are afraid of the Chinese EV because they will change market pricing expectations, goes profit margin the legacy brands has built up over time.
legacy auto maker will be pushed out if they can not reverlutionize business model and production technology to achieve profitability in this industry. They are not showing any sign of progress at all.
@@leahyan5038you think Chinese companies won’t do the same after they take over? You think they sell cheap because they care about you?
@@leahyan5038too bad Henry Ford ain't around. His goal was to put his car in every driveway by paying high wages and charging low prices.
@@TheBooban There are thousands of auto maker in China, that is the reason the car there is so cheap.
Can I fly into Mexico but a Chinese E.V. , drive it back to the U.S.A. and get a title??
Why all western media focus on Chinese EV? In fact, the majority of China's car export are ICE cars and hybrids (about 80%). It's the whole Chinese auto industry that can build highly competitive products, not just EVs.
Ohh yeah …😂
Because they want to attract attention more than the truth, it is too harsh to ask them to explain the difference between plug-in hybrid and pure electric.
@@ksrawat88found the beggar pajeed . 😆 🤣
@@ksrawat88that name KS rawat . How's bipin rawat . Still bbq 😆
Pajeeds are always jealous
A plugin hybrid is closer to an EV than an ICE, so you should probably relist your numbers putting EVs/plugin hybrids vs ICEs
Let the US consumer choose which cars they want.
$15,000 for a chinese EVs?? US government wants you to pay $35,000...
Make TACOs 🌮 Great Again 🌮🌯
Too much money is involved to just let the US consumer choose what they want
Car dealers just need to decrease their prices, its crazy how there are no affordable cars nowadays (10-20k USD), they only care about increasing every year their profit margins... SO GREEDY
Democracy: Denied!
I’m going to Mexico soon
Gotta get a BYD
From US? Can you buy it from Mexico and drive it back to US? LOL.
Biden will freak out
@@reptilexcq2 Apparently if you live in a southern border state (and also live/work in Mexico) you can get some sort of insurance exemption and essentially drive you Mexico bought and registered car in the US for at least one year at a time.
Slava Burritos 🌯 Heroyam TACOs 🌮
american government not allowed commercial chinese vehicle in their backyard! but they amassed their aircraft carrier in chinese and russian backyard
This piece is so insulting to the people in Middle and South America. It appears that nothing matters other than the precious US markets. Could American contemplate that Chinese EV makers built factories in Mexico to service the rest of the American continents
Central and South America don't have money to buy cars.
What would you think if they still call "America" a country? 😅
@@Jatsotserahit is a country and a continent aswell
@@chocolatesquirrel2002 one? Lots of. Canada of America, Mexico of America, Honduras of America, etc.
@@ernesttorres4059 yes they do, lots of cars in latin america, so much that theres lots of traffic in big cities, cant be due to people riding bikes or walking right? smh
Let them come. Americans people need a break from these greedy corporations. $10k for new car is a good deal.
Early this year, I walked to a Toyota dealer and asked for the cheapest new car they had. They brought me a 2024 Corolla priced at 27k. We did the paperwork, few weeks later I received the document from the bank and payoff balance jumped to $38k. It took about three weeks after multiple calls and threats to sue for them to remove the additional charges.
these greedy dealers and corporations are legally rubbing people.
Then buy use cars
in China, corolla priced at 13k
@@whatsyourname9289 13k is the price of last year. Now corolla in China is 11k USD. You can bring it home at about 12k USD include everything such tax or fees.
And the current Corolla is an extremely undesirable vehicle from my point of view. For 27k you could get a nearly new Audi A4 premium or a MB C300 with fewer than 20k miles. Why would you buy a Corolla? (sorry. You do you. None of my business - but I wouldn't go there)
Agree, companies just need to decrease their prices, its crazy how there are no affordable cars nowadays (10-20k USD), they only care about increasing every year their profit margins... always being GREEDY and caring only in the STOCK PRICE
if American auto makers are SOOO terrified, maybe they should try to a radical idea: ADAPT. EVs don't need to weigh 3 or 4 tons (highly dangerous in accidents, tire wear is crazy), don't need to go 0-60 in 2 seconds, make batteries easier to swap and recycle, etc... make good quality cars that are priced to compete. Easier said than done, I know. Innovation is key, not fear.
That's the thing, there's not that big a market for compact sedans in the US anyway, far less battery operated ones. Most people want something a little larger, more comfortable, more utilitarian.
@@user-jb2om7cm8m Most Americans can't afford anything larger. A $30K all electric sedan would sell tremendously well but Detroit and the govt won't allow it. Need to make $50K cars to justify $100K salaries for union workers. Sad
@@jameshack485 I agree, the unions don't help. But Chevy bolts were 30k and not very popular. At that price there is a lot of compromise on range/charging time, same as Nissan Leaf...
Americans don’t like cars under the c segment 😂 then they cry about prices
@@jameshack485 You can get a long range model 3 right now for 35k after incentives, which is pretty close.
Trump indirectly makes China more rich and powerful... ⭐⭐⭐
China economy relies on exports to USA.
After seeing the comments under the video, I feel relieved. Thank CNBC for proving that most people are not that anti-intellectual.
I don't think you've commented on enough chinese automaker videos. Keep going. Hope china pays you well, but I doubt it.
@@jorgesalazar818 Are you a clown? Three years ago, I spent the equivalent of $50,000 on a Zeekr 001 and I've been very satisfied with it ever since. What kind of car do you drive? Do you even understand electric vehicles?
@@jorgesalazar818 Three years ago, I spent the equivalent of $50,000 on a Zeekr 001 and I've been very satisfied with it ever since. What kind of car do you drive? Do you even understand electric vehicles?
@@wangyue damn you got ripped off. I have a 2024 electric Toyota that I spent 45k for. Thought that Chinese junk was supposed to be cheaper?
@@jorgesalazar818 What a joke. You know that the Zeekr 007 model displayed at the recent cutting-edge technology exhibition in Japan was specially imported from China for an in-depth study of the essence of the Chinese automotive industry. After a meticulous disassembly process, every minute component was meticulously analyzed. The model received high praise: it was hailed as the most cost-effective example of a Chinese electric vehicle, its integration of technology is remarkable, and it was vividly described as providing a "Lexus-like experience" under the Geely brand. The publisher responsible for the disassembly of the Zeekr 007 is Nikkei BP, the largest publishing house in Japan. This publisher is no stranger to disassemblies; last year they disassembled the BYD Dolphin and published "The Thorough Dissection of the Chinese BYD Dolphin." At that time, they conducted a comprehensive disassembly of the Dolphin, including the body, battery, powertrain, electronic control systems, interior components, and more, leaving only the overall chassis intact. In the end, while they were full of praise for the Dolphin, they believed that Chinese manufacturers will lead the world in electric vehicles in the future.
The US citizen should be asking "As long as it benefits my wallet " ...look after yourself as no one will look out for you.
That is stupid. Everyone is dependant on the other people doing good. As a restaurant owner you might want a cheap car, but if everyone buys cheap Chinese cars, then the production plant in your city closes down, and your business is in jeopardy too, because people can no longer afford to go eating out.
No thanks! We will protect our intellectual properties and protect our country’s intelligence. Everything you develop going forward will be stolen and replicated by the Chinese government.
@@Psi-Storm nope every man for himself!
You make it sound like the citizen has a voice. 😂
@@Psi-Storm even the big 3 American automakers Ford, GM, Dodge make the majority of their cars in Mexico for the US market. Tesla is the only one currently that makes cars 100% in America for the US market
In the U.S. the automakers and dealers are abusive to their clients, they force them to buy expensive cars that hurt them economically.
They also install illegal devices on their cars to record their customer's driving habits so they can sell that data to insurance companies to make your insurance rates go up. Literally milking every last penny out of their customer. And I'm supposed to be patriotic and buy American cause 80 years ago Chevy's used to be made here.
Competition is a good thing because it helps to bring costs down! The fact that China wants to open EV production plants in Mexico to sell their electric vehicles is a win-win situation for American consumers, Mexican workers and Chinese manufacturers. Clearly the U.S. car producers like Tesla are frightened that their vehicles will be forced to lower their cost and thereby reduce their exorbitant profits!
As a union man myself. UAW dug their own grave. They pushed legacy auto to stay legacy. Innovation was the last thing they wanted. Now the big 3 will not be competitive for this next generation of transportation.. "Made in USA" does not carry the same weight anymore. Especially when there are quality concerns and a commodity that is double the price compared to their rivals.
Congrats on your short-sided contract. 🎉
Then why not all support Tesla instead of fighting it like dumb asses ? Maybe not personally you. But the US as a whole. Tesla is world number 1 or 2 depending on the quarter right now. The Y was worlds best selling car. And yet some idiots in America fight it. Not liking Musk is ok. But atleast support the knowledge and research. People working there can go work for other companies and so on.
This price gouging was happening way before the unions kid.
@@syproful the fact of the matter is Tesla fumbled the bag. Their cars are full of production problems and are unrepairable by yourself. Wait times are way too long as well. We got outcompeted.
Ughh Made in the USA with automobiles has always been bad. Ford, GM, etc. make some of the worst cars with issues on the market. Toyota is probably the most reliable. The other issue are the union costs for American car companies ironically who have to overpay and coddle their employees w/ 4 day work weeks thanks to union laws. China doesn't have to deal with that. There's a reason why China can sell a reliable $10k electric car that rivals Teslas. The main reason US lawmakers place those tariffs and are reluctant to allow Chinese cars into the US is they'd put American auto manufacturers out of business. It's sad that we have to pay 3x's the costs for vehicles and everything else thanks to union costs for subpar overpriced EV's and oftentimes American cars that have a reputation for not being very reliable. i'm not even a Republican but one of the issues i agree with them on is that union workers should be able to be fired and replaced. Get rid of unions altogether and American cars suddenly drop substantially in price altho still much higher than China due to our labor costs.
@@doc-vg9lq Dont blame unions, blame the undying greed and sloth of the American people.
In better news Americans are already changing their standard of living.
Van life, small homes, solar sailboats.
Downsize and buy foreign is the new modern america
With only 4% of the world population US think China will really care for this market while forget the rest of the 96% 😅😅😅
with 40% of world economy
@@randomworld4662 but they don’t buy 40% of the world’s vehicles (units). The rest of the 96% want a car also.
@@randomworld4662The US has 25% of GDP in nominal measures, and less in PPP terms.
@@winkstorm There is a big car culture in the US. 91% of households own a car. In India 8% of households own a car. The US leads the world in car ownership per capita.
@@randomworld4662 my comment with link has been deleted a few times. I guess MSNBC does not like me 😅😅😅
The same thing happens here in Thailand ❤.
I was just in Thailand, and as an american loved the chinese cars like BYD. especially seeing the prices advertised. I wish the US would get on board.
Can you blame the Chinese for coming up with a better and more affordable product?
The same thing happens here in Germany, American cars are way expensive.
What are American cars doing in Germany?
@@jeevan88888u dont need to know mind your business
@@jeevan88888 The only relevant (apart from Tesla maybe) American car manufacturer in Germany is Ford. Given the fact that their production line in Cologne was built in the 1920s it's basically a German car manufacturer. Most of their models would never sell in the US.
The same thing happens here in the USA... German cars are way expensive.
Make TOYOTA Tacoma Great Again 😎 Scotty Kilmer
"Be a good American and pay x2 or x3 the price for an electric car but don't buy an EV from China 🚗" - An American corp .... 😂😂😂
This video kept saying that Chinese car is cheap (as in price), but in fact, the Chinese cars are well design, stylish and have much better features. That's why Elon Musk said that, if Chinese car comes into the US, it will wipe out all the American cars. And stop saying that China has an overcapacity of cars. It's determined by the market, not by what the US government says! So we Americans, thanks to our government, will be paying more for less!
Wrong
If the cars made in China are really that bad, then the US government doesn't need to impose high tariffs, just sit and watch them fail to sell.
Obviously, the opposite is true.
@@PelosiStockPortfolio Wrong
BYD has done for electric cars what Tesla has not been able to do: Sell affordable EVs, and that changes everything. If EVs are going to have a real impact on mobility it needs to be in the hands of everyone. People need to have the chance to choose an affordable EV equivalent of a Mitsubishi Mirage, Chevy Spark, Aveo, etc.
The comments are much better than this video itself! Good job CNBC! The real problem is not Chinese car companies, it’s the big 3 in the U.S. are too comfortable to sell their unreliable and overpriced vehicles to the general public. Let the public buy whatever they want and make some extra tariffs off your own tax payers🎉
And those big 3 ask for more subsidies and tax breaks but still continue increasing prices
The guy talking about safety on the Chinese cars. A lot of them have 5 stars rating in Australia and Europe, so safety is not an issue. Main reason why they are selling a lot of Chinese cars in ASEAN, AUS, ME and Latin America is because those region don't produce their own cars and it is not bc of lack of safety or regulation. Europe and America does, so they are in protectionist mode, which is understandable. Chinese cars sell because it is affordable, have a lot of features and it well made. One thing they lack are prestige like the German cars, so they can't command a higher price tag.
Make TOYOTA 🗾 Great Again 😎 Scotty Kilmer
what a f--k joke german cars and safety!!! remember the elk !!!
Two Chinese Cars Earn A ZERO Safety Rating In Australian Crash Testing - AutoSpies Auto News.
Chinese brands are around the 2-3 star safety rating.
@@kennmossman8701 What you said is completely false:
czcams.com/video/SX_t4vtf-Hg/video.htmlsi=GuiOa4nwbuMsMBED
It feels like China has infinite money to subsidize everything that has ever existed if you hear Americans complaining. I thought America owns the world reserve currency and owns literal money printers with their unlimited debt-ceiling. How is China out subsidizing and out competing the US. Lol.
if subsidy can save american manufacture, I would like to see the 35 trillion USD used on subsidies instead of funding warmachines
It seems like China knows what industries(solar, EVs, batteries, chips) to subsidize decades in advance while America is subsidizing industries(oil, gas) of the past.
@@tedwong7037 Sure, the US military presence in the South China Sea and many other Asian regions is the only reason why China can't run amoke.
US can print as much as they can to subsidizing anything they want. But the problem is they realize that the more they print, the higher the inflation lol.
@@tooltalk kidding whom?
1. Don't allow cheap vehicles into USA, cite poor safety, privacy issues, national security threat, low quality.
2. Ban cars, only sell $100k+ SUVs and pickup trucks, increase price by $10-20k every year.
3. Profit.
Agressively??? I dont any chinese military or soldiers in Mexico at all.
When Chinese came to Africa, they talked about trade.
When Americans came to Africa, they talked about China.
Funny there's zero mention of over capacity on other Japanese, Korean and other brands except Chinese brands. Why?
Japanese and Korean brands are heavily American now. Toyota, Nissan, Hyundai, and Kia are all now local since they are multinational with their at least part of their HQ being American.
@@Blaze6432 Dafug you are talking. They are all over here in China and in Asean the last 40 years.
So the consumers have no say? If they want cheaper, good quality cars, why force them to keep buying expensive US cars?
American automakers are getting way too greedy over pricing their vehicles to outrageous prices.
The cheapest vehicle in USA,cost around $35-$47k.(that ain’t cheap at all).
Now…. You have the option to purchase a decent vehicle for around $12-$17k ; of course you’re going to buy one of those Chinese cars.😂😂😂
Congratulations Mexico for choosing what is good for your people, economy and climate.
Actually Mexico is being strongarmed by the US to discourage the Chinese from opening factories. They better grow a back bone quick because there is a free trade agreement across most of Latin America, and the Chinese can go build cars in Brazil to compete against the cars made in Mexico.
Slava TEQUILA 🥃 Heroyam Taco 🌮
"... a country known for its beaches and ideal trade proximity to the US."
You forgot the yellow tint in all Hollywood movies. That's what it's even more known for.
Don't forget the sombreros!!! Everyone wears a HUGE hat in in Mexico.
"The Chinese want to get into the US Market, because there is money in the US Market" - Wow, genius level commentary by that guy.
The Chinese just set a hybrid record with just over 2000km on 1 tank of fuel !..
actually has 1400 km of driving in mixed style
@@jojo-ep2pp is pretty good range
Gringos wake up to find out it's not 1890s any more. Latam can buy from whoever they want
With more extreme weather caused by the climate changes, the cheap Chinese EVs could help the world cutting down carbon emissions.
Haha you believe total nonsense. Gasoline is king and will always be. Gas will save this world from "climate change."
If only Chinese wouldn't still be using gazzillion tons of completely outdated coal and building even many more coal plants. Yeah, China is pretty much the biggest poluter of this world.
51% of vehicles sold in China now is EVs. It will reach 60% at the end of 2024. The trend is clear 📈
@2:06. Why is no-one pointing out the hypocrisy and irony here??? 🤔😳
The US sells most of its cars overseas while selling only a minority share domestically.
Whereas China sells most of its cars domestically while selling only a minority share overseas.
And somehow China is supposed to be the one with overcapacity instead of the US (and Europe and Japan)!!😳
Lack of domestic demand? CNBC, do you have to be this low? EVs and Hybrids oversold CE cars the 1st time in history in July in China. It's not lack of demand, it's cutting-throat competition that drove these companies to explore overseas markets.
well the data shows the biggest car market is still China
It keeps talking about "over-capacity" of Chinese cars by the definition of China producing more cars it can sell in China. Would any auto exporting country be "over-capacity" - US, Germany, Japan, France, Sweden, Korea - far more over-capacity, some with over 70% of cars made there sold elsewhere? Why is this "over-capacity" vocabulary only used on China? Why aren't we adding the tariff on Japanese, German, Korean, French and Swedish cars?
The US government needs to accept that Chinese EVs are eventually going to be sold in the US. It needs to cut a deal with these Chinese manufacturers to build in the US in exchange for removing the tariffs.
😂😂😂 may tell car makers not to be greedy 100k for a car n a truck he’ll to the no
No, the great spirit of colonialism and racism will never surrender in the greatest oligarchic empire ever!
Trump said the same thing.
That is exactly what China did, brands came and started hiring Chinese and cut a deal for tech transfer then investing into next generation development. Most chinese car designers are from Europe mercedes, BMW etc. Chinese really plan ahead. Some years ago Elon was laughing at chinese EVs but today most tesla cars have chinese batteries
Not gonna happen. At company level nobody wants to risk getting assets stolen via forced divestment, or employees imprisoned or shot in a hostile police state.
At a national level US can only pay with US dollars, and knowing US will inevitably default on it's debt, last thing China wants is to increase USD holdings.
I bought a cheap Chinese EV city car that cost me the equivalent of 10k USD. I've had it for 3 months and can't complain. Electricity is cheaper than gas and all of my driving is done within the 120 miles I have of range. Never going back to an ICE car which are now more expensive than cheap EV's here in Mexico.
US Govt: The Chinese government heavily subsidizes their EV companies. We want a level playing field for our EV makers.
Why don't you heavily subsidize your EV makers to create a level playing field?
US Govt: Sorry, can't do that. We've got to finance all those wars. It's the same with healthcare.
They think they can "contain".China and Russia. They'll find out the hard way they cannot.
North American governments already subsidize their auto industries in the US and Canada at the federal, state/provincial and municipal level.
Tesla gets govt milk through carbon credits. A made up currency that does nothing to prevent pollution. Without carbon credits, Tesla would already be broke.
US Govt response: NO, we got to finance the semiconductor business here in the USA to ensure China can no longer cheat and steal it ways to a technology monopoly then use it to black mail other nations... like China did to Japan!
That sounds great until people start doing research on how poorly the cars are made. They are not just poorly made. They are dangerous. On average eight of them a day burst into flames due to faulty batteries. Truck loads of them burn before even being delivered. Entire dealerships have gone up in flames due to these cars. The mfg can also do things like lock the owners out of their cars and worse. They also collect all personal data including video and audio. After doing a lot of research I can say with confidence that anyone who buys these cheap cars will not get what they paid for.
I am very disappointed by this because their cars look really cool and have a lot of features. Unfortunately those features are often not quality made. Everything else from there is synonymous with cheap junk that does not last or is not as offered. So why would it be any different with their cars. Their own people are waking up to the fact that they are not worth owning. Why buy a car that puts the owners personal safety at great risk. Driving is dangerous enough.
4:02 This guy just said the developing countries have lower emission standards, so the Chinese EV had an easier time getting in to those markets. Does he even know what he is saying?!? It's an EV for crying out loud. What emission standards??
May be because he meant EVs include hybrids?
@@jackjhmc820 Clearly Hybrids have lower emissions than ICE.
Probably he is including hybrid cars too .
He said "Chinese car makers" they make more than just EVs, it's relevant to the message even though the focus is on EVs.
@@hivetyrant7 👌
Man, I wish I could buy one of those BYD's in the US. Huawei's were the best too until the US shut them out.
US automakers are not competitive anymore, they're the most greedy now a days.
For as long as I can remember mexico and mexicans were the most loyal customers of US made products including cars,yet within US and mexico we have been treated like crap by individuals in farms, factories, and all authorities looked the other way, so don't complain now about losing anything that never belonged to you at all,too little too late
wait until you see the teeth of your new overlords. they're even sharper than the old overlords
Wait for tariffs and then talk … china is not going to run Mexico economy
all due to colonial effect!!! always look up to colonial masters even though no longer slaves but still the slave mentality is there until they see another southern block country can compete and outdo their colonial masters then they realise i can do it also
@@gregh7457 ....You n!!ttw!!t. In hist0ry of Chy!!na, they have never used their power to c0I0n!!ze a single country. In fact, when they were the strongest, there was a 1,000 years of peace in As!!a. That's the difference between you and the Chy!nese. They s0lve problems, while you create c0I0n!es when you have p0wer.
@@ksrawat88 well india lost to China . Naturally pajeed is cranky
Heyyy pajeed . Hindenburg