- cross-posted to:
- worldnews@lemmy.ml
- cross-posted to:
- worldnews@lemmy.ml
undermining regional carmakers
I think the word they’re looking for is in fact “outcompeting.”
Yutaro-Katori-with-butterfly-meme: Is this capitalism?
Outcompeting by having a nation subsidize the cost. Until local manufacturers go out of business because they can’t compete. Then China owns the entire industry she jacks to the price.
It’s like no one has been paying attention.
It’s weird that this has to be explained to Americans - this is how much of Big Tech got to where they are, except they call it “disruption”.
BTW this shows perfectly that free markets are not a be-all-end-all thing. It’s a tool, and if it produces outcomes that you don’t like, you can adjust it for better outcomes. The hypocrisy here is not that they pretend to worship the market then cry foul when China enters it on their terms, but that they do adjust it for their benefit all the time, and only pretend to worship it when people ask for their fair share.
While we’ve seen this cycle play out quite a few times in Big Tech, I think a lot of people just aren’t aware of what it is. I’ve had friends decry how, “Uber is now basically as expensive as a taxi.” I point out how Uber is only recently profitable and see people’s minds get blown.
Uber’s costs are because of oversized compensation packages for executives and lots of R&D put into autonomous driving. The bulk of the actual cost of operation is on the shoulders of drivers who wear down their vehicles for the sake of Uber. All Uber does is provide an app, which is laughably cheap by comparison.
Larger population means larger representation. If you say the Netherlands only has about 100,000 idiots, that’s roughly half a percent of their population.
Half of a percent of the US population is over 1.5 million. And I promise you, we have a waaaaaaay higher percentage of idiots than that.
Local manufacturers
You mean Ford, GM, and Chrysler who make useless pieces of garbage and also outsource production to Mexico?
Who also got bailed out by the federal government for going bankrupt back in 2009?
GM, who just announced a $6 billion stock buy back once they knew tariffs would keep them safe from having to compete with Chinese EVs, that GM?
This sort of stuff is realistically why I have no sympathy for the major US automotive manufacturers. The only reason I don’t just say “Screw them, let Chinese EVs drive them out of business,” is because it would put so many people out of work in their plants who have no role in these decisions. Barring some fantasy where the Chinese companies establish US plants and offer equivalent or better union contracts for current employees at GM, Ford and Chrysler, these companies should simply be bound hand and foot in terms and conditions whenever something is done by the government to help them. Like, make those protectionist tariffs conditional on them hitting investment targets in relevant technologies, raising worker pay and benefits, reducing cost to the customer and a ban on stock buybacks for the duration of the tariffs being valid.
Ah, I see. So it’s cool when we do it (fossil fuel and ag subsidies, the auto industry bailout in 2008, etc.) but not when they do it.
Got it.
You’re introducing an argument as a way to undermine the viewpoint that’s opposite to yours.
No one said it’s fine “when we do it”. That’s not the point being discussed.
The other bigger issue here is that these new cars are coming from a region that has a horrendous track record for safety and quality. EVs when done right are still a considerable risk with battery fires, but the ones manufactured in China are much worse for quality and safety. In the next few years, as these cars flood markets around the world, it will be a massive issue.
They seem safe enough to pass the EU’s safety standards, which are much higher than the US. Also this blanket “quality issues” argument without specific evidence is terrible. If we’re going off of quality in recent history, American manufacturing is down the toilet in terms of quality - just look at Boeing.
People wrongly assume all Chinese manufacturing is aliexpress fodder.
https://www.euroncap.com/en/results/byd/dolphin/50011 Seems relevant
Lmao this is coming from the same safety organization that approved the Tesla Cybertruck?
I’ll take my chances with a car that’s seen EU approval.
https://www.carscoops.com/2024/03/chinese-evs-become-virtually-uninsurable-in-the-uk-says-report/
The reality is that I don’t think any EV is “safe” as far as the batteries go
But but but, rampant capitalism good
I mean the US is also doing that. It’s not a subsidies issue; it’s the fact that Chinese companies are using subsidies to actually make things while US companies are just pocketing them.
Is the US? What us car company is doing it to such a degree name countries are blocking their goods?
I mean nobody is blocking US goods, but the subsidies are definitely a thing. Also why would China even block US EVs when they’re uncontestedly winning that market?
I get a craving for corn whenever someone says subsidies.
Lmao there’s a guy who usually posts a long response to these “subsidies” claims bullshit, but I think they got into a pissing match with a mod in the comments and got banned lmao.
Jist of it is: China’s subsidies are negligible compared to the US, and what they’ve actually done is created a competitive domestic market with a large number of players. Unless you think Chinese people are all puppets, even if China (as a country) owns the industry it would not prevent internal competition that drives down prices. Moreover, China does not offer per-unit subsidies on export. In fact, Chinese EVs exported to Europe are something like 40% more expensive than domestically for the same model.
The ol’ Wal-Marteroo
Tesla has been subsidized by years. The difference is china delivers and in America an asshole get rich.
So the CCP party members aren’t getting rich?
Of course, they and the Wang Chaunfus.
I mean they are but they’re also delivering.
That doesn’t exist anywhere…and I frankly don’t think it ever will.
EDIT What’s with the downvotes? Does anyone want to refute this?
https://en.wikipedia.org/wiki/BYD_Seagull
Fwiw 100,000 yuan is currently roughly US$13,800
And what’s the range on that? Spoiler: It’s 190 mi base with a max 252 mi. That’s nowhere near 350mi!
Okay thanks. That meme sure is inaccurate isn’t it. I’ll go have a word with the meme council and try to get that straightened out.
Your council works too slowly. Here’s the fix:
Fine here
You good? All of your pressing concerns addressed? Everything to your meme satisfaction? Need some more documentation? Can we let the service workers go home now?
Don’t feed the trolls.
Well, since you asked:
- The base range is 187mi. You’re going to need to spend more if you want the 252mi range.
- That’s the price in China. It costs thousands of dollars to move a vehicle halfway across the world. There’s a reason the price is Australia and Europe is significantly higher!
BYD and CATL have announced that battery prices will be halved again by next year.
They’re really ramping up and it will continue.
I don’t doubt that batteries will continue to get better and better, and cheaper and cheaper. However, there are almost no new vehicles PERIOD that are sold in the US for $15K. Maybe we’ll see EVs for $15K, but they certainly won’t have a 350mi range. By the time cheap EVs have that range, cheap cars won’t be sold for $15K due to inflation.
Electric vehicles are expected to be cheaper than ICE cars.
There has been a lot more money and time spend in developing ICE cars.
Electric vehicles are expected to be cheaper than ICE cars.
I completely agree, especially if people can get away from the BS “I need 350mi of range.” Better charging will hopefully help with this.
I just don’t see the price coming down fast enough for a 350mi range EV to be sold for $15,000 vs inflation. At 2% inflation, $15K in 10 years is $12,305.22 today, in $15K in 5 years is $13,585.96 today.
Most people don’t need that type of range anyways. Farther than either of my ice cars go on a tank (unless im doing only highway driving) and I fill a car once a month.
100% agree! I’m wondering if I should have clarified in my original comment that $15K EVs might be possible without ridiculous subsidies, but they aren’t going to have a 350mi range.
You provide no proof of the facts you state, therefore it’s just as easy for me to say you’re wrong as it is to believe you. 🤷🏼♂️
How am I supposed to prove that a $15K 350mi EV doesn’t exist? It’s Russell’s teapot.
Downvotes are due to China shills and people who don’t understand reality. EVERY post about Chinese EVs goes exactly the same way.
Why is the US so worried to the point of applying a hilariously high 100% tariff? Don’t claim security concerns because if that was really the case then they’d outright ban them instead of resorting to tariffs.
You’re just hunkering down inside your bubble, while offering nothing to the conversation.
There’s a BYD stand close to where I work, I was looking at a “Dolphin” that has around 500 miles of range and costs 30k€.
That’s still twice as what’s in the meme, but they keep getting closer.
If you have some sort of grudge against China automakers, Dacia has its Spring. It costs about what’s in the meme, but with half the range though.
It’s not hard to see a future where 350 miles for 15k is a reality, but the market needs competition.
Translation: US automakers are worried about Chinese imports servicing a sector they have abandoned.
They haven’t abandoned it they just over charge.
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