Comments by "D W" (@DW-op7ly) on "How China's EV companies plan to beat Tesla u0026 legacy auto in Europe" video.

@ChuckNorrizzed EU’s unwinnable price war with Chinese EVs summed up: BYD cars are 11-fold more profitable in Europe vs. China BYRYAN HOGG April 29, 2024 at 3:48 AM PDT Duties in the 40% to 50% range—arguably even higher for vertically integrated manufacturers like BYD—would probably be necessary to make the European market unattractive for Chinese EV exporters.” Such a number is effectively unworkable for now, thanks to WTO rules the EU currently trades on with China. Instead, Rhodium says, the EU may turn to “nontraditional tools” to protect native carmakers, such as restrictions based on environmental or national security factors. Fortune
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@francismarion6400 I was warning about China in the late 1980s no one listened then. Back then I figured we had a decade In 1998 over 60% of the manufacturing companies in China were still foreign owned By 2008 that number went down to mid 30% And that was before the US subprime crisis, put 27 million people out of work over there And shuttered 100 thousand factories
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@Rockiii9 where are you getting your info the 1980s? even these last few years as China has invested a few trillion (hidden loans included) in their belt and road partner countries China exports are up 7.1% for the first few months of 2024 And it still averages about 820 billion plus dollar a year trade surplus with the world the last 2 years Even though their Central Government is cracking down in real estate speculation Slowing down the economy? The Chinese people still added 2.6 trillion to their savings in 2022 And 1.8 trillion to their savings for first 10 months of 2023. (An increase of 8.5%) But with no other viable investment options left these days The Chinese Government is actually pushing their people away from investing in real estate, and to invest in technology/industries instead This is where China leads the world in 37 of the 44 critical technologies of the future already As they will pile even more money into these future technologies My prediction is the Chinese Government will have to step in and regulate yet another overheated sector (technology) in the future Where Blinken,Yellen & their successors will have to keep going to China to beg them not to dump their cheap high tech onto the rest of world Most people have no clue what’s coming, as they supercharge their exports with their new innovative high tech products 👇 Chinese Consumers Are Saving Rather Than Spending Amid Economic Downturn Dec 21, 2023 — Chinese households have added 13.8 trillion yuan ($1.89 trillion) The middle class is also prioritizing savings and seeking safe investment opportunities, according to the report. Chinese households have added 13.8 trillion yuan ($1.89 trillion) in savings in the first 10 months of the year, an 8.5% increase from the previous year. Pymnts
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@Tigerex966 actually Chinese EVs are known to be better quality, cheaper and more innovative 👇 Study shows BYD Seal and Dolphin are two of the world’s safest cars Reading Time: 3 minutes Mark Andrews March 13, 2024 In the study by the car insurance experts 32 models available in most of six markets were examined across six data points. Countries looked at were Australia, New Zealand, Germany, the United Kingdom, United States and Canada and these markets are covered by three different safety authorities. To gain an overall safety rating the ratings of the three individual agencies were analyzed under Global New Car Assessment Programme (Global NCAP). In addition the study looked at whether key safety assistance systems were universally available on each model. CarNewsChina
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@AllDogsAreGoodDogs The problem is they have lower tariffs for A established Chinese EV company like BYD that was already maxing out their car prices/profits compared to back home in China Where the upstart Chinese EV companies who built themselves on being low cost, high quality and innovative Are hit with the highest tariffs in Europe
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