Comments by "☨St Louis IX opposed paganism, hæresy \x26 debauchery" (@stlouisix3) on "China's Deceptive Auto Market Boom: BYD's Overseas Venture Faces a Pile-On" video.

  1. 🚗 Foreign car brands are losing ground to China's homegrown car manufacturers in the Chinese market. 00:12 Acura, Honda's luxury arm, withdrew from the Chinese market in 2023 after facing consistent sales challenges. Several other joint venture foreign brands, including Suzuki and Mitsubishi, have also left the Chinese market. While foreign brands are struggling in China, they are thriving in other countries. 💼 The EU is investigating China's electric vehicle subsidies, posing a challenge to BYD's European aspirations. 03:27 BYD and other Chinese brands face challenges in global markets, including high tariffs and skepticism over battery technology. BYD has an advantage in Africa and Russia due to transactions being done in Chinese yuan. Chinese electric cars hold an 8 percent share of the European market, but this advantage may soon disappear if anti-dumping and counter-subsidy investigations go against Chinese manufacturers. 🚗 BYD, a Chinese electric vehicle manufacturer, is struggling to meet sales targets despite government support and faces competition from Tesla, Toyota, Volkswagen, and others. 06:39 BYD's sales of electric vehicles and hybrids lag behind Tesla and Toyota. Competition from giants like Tesla, Toyota, and Volkswagen pose significant challenges for BYD in the electric vehicle market. Consumer skepticism and inadequate charging infrastructure are challenges for BYD's plug-in hybrids. 🚗 BYD's profitability heavily relies on subsidies and lags behind global giants like Tesla and Toyota. 09:35 60% of BYD's net profit comes from subsidies. BYD sold roughly 2.5 million units in 2023 up to June 30, while Tesla sold about 1.6 million units. Traditional automotive powerhouses like Toyota and Volkswagen dominate the global market. 🌍 Many businesses are considering expanding their operations outside of China due to geopolitical tensions and evolving domestic policies. 13:15 Hyundai Motor Group's sales in China declined due to geopolitical tensions and competition, but they have found success in India and Southeast Asia.
    19