Comments by "People Liberator" (@lvjinbin28) on "Chinese media says 30,000 car dealers lost over US$24 billion in 2024" video.

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  2. ​​ @machoopichoo2  It seems that you don't know much about China market and China people. Tesla was the undisputed king five years ago, so Tesla is not only very super expensive, but also the best performance. But Tesla's sales have been slowing down fast, therefore, Tesla has been cutting prices harashly in recent years, otherwise Tesla will be kicked out of the market by Chinese EVs, Tesla is no longer competitive in performance and price, but China people will still buy Tesla. It's like most Chinese will choose iPhone not Huawei, even iPhone clearly hasn't made any innovations in recent years, but the more expensive iPhone represents social status, you know China people love 'face' by showing luxury brand especially Chinese women. There are many liberals or Western admirer in China, they worship America, or Western brands, generally, people in developing countries have this mentality. If Tesla is 20% more expensive than BYD Xpeng Nio even with same quality, Chinese liberals will also choose Tesla, this is a high premium value that liberals in China can accept, at least Tesla is an international brand, this is the long-term brand value established by Tesla, but BYD doesn't have this brand value, because BYD used to make cheap low-end Taxi cars, just as your impression of Toyota and Ferrari is completely different, therefore, BYD needs to spend more time to build its own brand value, change Chinese people's impression of BYD, only BYD's performance completely exceeds Tesla's by more than 30%, This will really increase BYD's brand value. Then why don't Chinese choose Ford Toyota BMW EVs? Middle-aged and elderly Chinese will still choose these their ICE brands, but young Chinese liberals will not choose these brands, because they are just too bad, like 50% worse performance than Chinese EVs, even it's BMW EV but there is no quality, and there is no brand value of electric vehicles, although Chinese still worship BMW but just not BMW EVs, unless efore BMW lost its brand reputation, BMW EV can surpass BYD in performance.
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