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Inside China Business
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Comments by "DailyBeatings" (@DailyBeatings) on "Under pressure from Washington, Mexico shuts out BYD and other Chinese carmakers" video.
It's the lack of infrastructure and the ICE ecosystem that dominates the economy. All those gas stations, mechanics, replacement parts, oil changes, etc... become dinosaurs with widespread EV use. China is roughly the same size as the United States plus the majority of the population doesn't drive long distances, only short commuting. The issue is mute anyway because there are EVs on the market right now that can do 1,000 km on a single charge with more on the way.
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US market is hopeless due to lack of demand and feckless politicians. Penetration rates for NEVs are 6.5% in the US while in China it's 50.39%. BYD is better off opening a factory in Brazil and serving the Latin American market from there...🤡🍞🎪
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