BYD is one of the largest EV manufacturers in the world, passing Tesla in sales. But they need to expand globally and are doing so with factories in Eastern Europe, Brazil, and possibly one in Mexico.... why? Because Mexcio is the 'back door' to the US grandfathered in by NAFTA to avoid tariffs. This will become a HUGE issue in the coming decade as politicians wrestle with how to prevent homegrown autos being undercut by Chinese competitors. make no mistake, this is the first salvo in an upcoming trade war!
It goes both ways though: US farmers produce grain much cheaper than Mexican farmers can and many have gone out of business. Both countries opened their markets for each other's products. The same happened with steel in Canada: US companies bought the Canadian steel companies, largely closed them down, and now sends US steel into Canada. The Legacy 3 will have to up their game and produce better value products. Given how high vehicle prices have shot up in the last few years, more competition is definitely needed.
I predict Nuevo Laredo as the factory site because it would be halfway between Tesla facilities in Austin and Monterrey... And since they are fast becoming the global EV duopoly of BYD's Samsung to Tesla's Apple it would give the media a lot to write home about... And free PR is always a good thing when trying to crack the world's toughest car market...
@@stickynorth Why? Most of the auto industry in Mexico is near Mexico City. BYD doesn't have supply chains in the US it needs to be near to, but it may make sense to be located near existing Mexican supply chain.
I would love to see the US build affordable electric vehicles. Either they cannot, whether because of environmental regs or the labor costs or they are choosing not too. As far as I am concerned, we have vehicles that are too fancy. My sense is that many people would be ok with simple transportation. I could be wrong though. People are finicky.
All EV manufacturers are serving steak to customers that want hamburgers. Not everybody wants to drive a Cray super computer on wheels. The winners will be manufacturers, Chinese or otherwise, that can sell sub $30K vehicles that are reliable with reasonable range and charge times. 24 inch multiple displays, self driving, and 500 hp+ motors are not needed for these vehicles, and not desired by the majority of buyers.
Totally agree, the US automakers approach to EVs was catering to high end and also some outright stupid products such as the Hummer EV. I go and look at a Tesla Model 3 and it has nearly 400HP, glass roof and a bunch of bells and whistles. Okay the automakers have all dabbled in EV enough to know how to build a hamburger car. The Bolt had some engineering issues but was more the right direction, maybe with a more handsome package. For the consumer more competition will be a good thing.
While I agree, I think there was serious concern that EVs would be looked at like super-lame Prius type vehicles. Yes, that is what a certain demographic wants and they are fine cars, but it's not exactly the image you want for an entire class of vehicles. Believe it or not, the performance aspect has made people more open to electric vehicles. If they were all low-power hatchbacks, it would be a dead market for them in the US. Also, it makes no sense to turn down the market that does exist for more expensive vehicles. Yes, high-end EVs. Heck, even BYD is making cars with the features listed. To me, self-driving is a desirable feature, and I am in the market for a used Tesla. I think Chinese exports should be kept out. Sub-$30k cars already exist in America. The only way to get there with an electric that meets the requirements you list is to gut American auto-manufacturing by allowing Chinese imports. Is it worth selling out America to be driving electric instead of cars with small gas engines? Perhaps some think it is, but I think not in the long run.
@StansburyRockwellno way you got a new battery for that amount. Your car has a 200kw battery. 3 times the BYD 60kw battery. Are you talking about the standard 12v battery?
IF BYD moves on this and does start building EVs in Mexico, Elon and really the rest of the US manufacturers will lose their lunch over this. Just think about that and the current insane prices of vehicles that are offered by all the players in the US auto market. Here comes BYD bringing in a treasure trove of around 30K. If you as a consumer aren't looking at an EV, those prices might actually get you to start looking. With a similar range to the Model 3, and would likely be thousands less than the Model 3 people will be giving BYD a serious look. Elon, better take stock of adult diapers, he will need them!
Tesla can compete. They're doing so in China right now. Ford and GM are almost certainly headed for bankruptcy in a few years no matter what. Same with many Japanese and European auto makers.
I'd also like to see BYD operations in Lancaster, CA expand.. Right now it makes buses and storage batteries... The next logical step for their empty lots next door would be a car factory... And of course the Antelope Valley and Lancaster have some of the cheapest house costs in Southern California... If they wanted to go the Made in America route like Airbus did to get its A220 around the American regulations when it comes to plane imports that is...
I agree with you. If the alternative is 20% or more of American drivers being priced off the road, which is where we're headed quickly, people will gladly buy BYD and other vehicles from Chinese carmakers.
What is interesting about the Chinese automakers is, they're not all going cheap. They have several luxury brands (and sub brands, like a Lexus) that have targeted the high end of the market. They are improving year by year, very rapidly. I think it's a fair bet they will displace both Toyota and Lexus. And it may not be long before they displace Bentley and Rolls too.
It makes me think of the battery industry (A123) in the US, they could not compete with the Chinese on cost etc! A123 Systems went bankrupt in 2013 and was purchased by the Chinese. I see bankruptcies and downsizing for Ford, GM, Stellantis etc! The new kings of the auto industry is here. Sandy Munro said the 1980's will happen again Toyota, Honda Nissan arrived on our shores and the big 3 auto's have never recovered.
China make everything for everyone,and,like you,forests China making huge numbers of export cars.In Europe the Dacia Spring ev,is a lower cost,good seller,but made in China.
This can be a concern, but the customer determines the market, Japanese manufacturers have established themselves really well so it'll be hard to beat, we will see
Are you serious? Yea the customer determines the market.. But with all the businesses exploiting the American workforce, there will be no customers.. If all the manufacturing is done somewhere else, Americans won't have any money to buy anything.. We have GOT TO STOP buying from outside of our own borders. Or we won't have a country to exploit..
Japanese manufacturers are dead men walking. They have enormous debts and are way behind in EV production. China now exports more cars than they and the gap will keep growing.
@@KidHorn7001 lol. I don't think so. First they haven't invested billions into capturing less than 10% of the market at this time. Second, their (especially Toyota) focus on hybrids seems inspired. They're going to be able to (as Honda is doing) use more advanced batteries and manufacturing to enter a more mature and less volatile market segment.
@@AllCarswithJon That's what Ford and GM thought too. Turns out you can't just take a gas car and replace the engine with batteries and motors. It's far more complex than that. It takes years of experience to develop a good EV. Japan depends heavily on exports and China is leading them in every way. Hybrids are the most costly and complex cars to produce. In a few years EVs will cost a lot less than a similar hybrid. I would give hybrids 3 years until they're priced out of the market.
I know guys that over the last 5 years or so bought rust free used trucks with worn out running gear and put crate engines and transmissions in them. Had the seats recovered and essentially built themselves new trucks for under $20,000 CDN. This approach won't be available forever as rust free trucks are hard to find and getting harder but if you can finance $20,000 on your own or a line of credit it makes perfect sense. Cheers 🇨🇦
Sweet, I hope I can get cheaper EV's in the future, that will rock. My Tesla Model 3 Performance is nice, but I think the BYD designs look a little better.
You realize China is Communist right? And a huge human rights violator. Also its dumping because there being funded by the Chinese communist party. That is unfair plus i bet there is slave and possibly some child labor being used in these shit boxes.
With the amount of Chinese made phones and TV's exc, I have no doubt that given the ability to buy a Mexican made car that would come in thousands cheaper than other brands the Chinese brand ones would win out. After all look at the country of origin on the sticker, lots of the so called American made cars have a large percentage of parts, Motors, transmissions or the whole vehicle is already made in Mexico. It becomes a matter of the parent company. It's actually American built, just not Made in USA. Mexico is on the American continent after all.
First of all, if the Chinese make everything else, why can't they make cars? I'd wager a Chinamobile is just as okay as a GM pile of trash. Manufacturers deserve it for building cars that cost $3k to repair when the heater breaks
under the rules of the US-Mexico-Canada Agreement (USMCA) you can avoid the 27% tariff on Chinese electric cars and only pay a 2.5% Duty on the price if Bought From a Mexican BYD Dealer and of course if your own state has a sales tax have to pay that on its value, when you register it
Other mfrs like Mercedes and Audi have been building cars in Mexico and selling them here for years. Why haven't we said anything? Also, American mfrs, GM, Ford, Tesla, etc. have been selling cars in China for years. Are we saying that we can sell our stuffs to them but they can't sell their stuffs to us? A little one sided imo.
That's not a fair comparison. Other manufacturers are from allied nations, and by building in Mexico they can import (I think) tariff free. China is not our ally, nor is it our friend. And yes, American manufacturers like GM and Ford sell in China as well as VW, BMW, Mercedes. But when China opened they required foreign manufacturers to partner with Chinese companies to do business. Reference my recent Wuling video where it's a product by GM and their partner. Turnabout's fair play, so perhaps we should have a NAFTA law that if a Chinese company wants to sell in the US, they MUST partner with GM, Ford, Tesla, Rivian, or Canoo? Imagine the melt-down in the halls of Congress.
@@AllCarswithJon The only reason why the Chinese require foreign companies to partner with Chinese companies is so that they can copy Western technologies. Pure and simple.
@@AllCarswithJon Allies?? Didn't know there was WWIII going on. So China requires partnerships with their companies? Well, the first time that they want to sell their cars here we impose stiff tariffs on them. That's not exactly fair, either. I'm fine with the turnabout's fair play that you suggest tho. Hey they're already partnered up, right?
It would be nice if the government (or maybe some private entity) would help American workers prepare for the future. Automation has put a lot more people out of work than immigrants ever will.
Thank you! I have not. Because i do not work in mfg. But i live in mid Michigan and know plenty who have. Everything from Auto jobs to refrigerator mfg jobs lost. Its devastated alot of the small towns here not to mention cities. I cannot believe how people will sell the farm to buy the cheapest possible product. Its pathetic. And China is communist and it is legal for people to be sold and trafficked there. China is a evil country.
With inflation, the cost of living is too high. Maybe it's not a bad idea if Chinese allows to sell cheaper and better cars in the US. More competition, more choices, and better deals for consumers.
I really, really want to see some little manufacturer from a foreign country come busting in the US market with the modern, cheap equivalent to the old Nissan Hardbody and watch all the other manufacturers freak out.
I drove hardbodys for 20 years. Bought the 1986.5 first year model. Drove it for 12 years/186 K. miles.In my area, they rusted away in 12/14 years. Engine still strong.@@AllCarswithJon
The domestics came out alright after the Japanese invasion and the Korean invasion, there is market share for all the players might be rocky, but it will balance greed will see to that not many cheap Japanese or Korean cars around today
I agree that it is only a matter of time, but tariffs are a three edged sword - there is the edge that Congress wants to demonstrate in passing tariffs (keep the foreign competition at bay), what actually happens (consumers pay the penalty, not the manufacturers) and finally the knock on effect that is the hit to foreign relations. Our relations with China are't particularly good at the moment and trade tensions aren't exactly going to help that.
BYD is smart and is already making a name for itself in the states without selling cars here by making news here. Lots of people already know that they sell more EV’s than Tesla, they watch comparisons between Tesla and BYD, they know about the BYD Dolphin and it being an attractive and affordable EV. The small and affordable car market is dying here and auto manufacturers have abandoned the market without any plans to fill that void. One thing about Asian brands is that they always play the long game where Americans play the short game. The long game right now is that the economy will slow and there will be a shift to more affordable and smaller cars very soon. Well, it takes years to develop those cars so American car companies are now years behind again, but the Chinese are ready to swoop in and get those customers. The Koreans and Japanese may not sell lots of small models in the states, but they never stopped making them, so they can easily be produced in larger numbers and shipped in as well. American companies always put their eggs in one basket and then ask for handouts when they inevitably fail at their plans. Of course trucks are profitable and they should sell as many as they can, but they should always have a backup plan.
Well! I’ll buy BYD if their ev are designed differently, quality, better technology and all we are looking for is the price that we can afford. With union wages is pushing more higher prices on cars. Damn pickup trucks almost more than a house. People are stupid paying 60,70,80,90 thousand dollars for a pickup. I’m looking forward buying a new 2024 Tesla model 3. This will be my first ever. My friend has still his 2014 Tesla model 3 and loves it. I did research and found out that gas engines has 2,000 moving parts where Tesla has 18 moving parts. I don’t have to worry about oil change, transmission fluid, filters,engine check light, emissions test, exhaust pipe, tailpipe, spark plugs and wires,less rotor, break pads changing, gas pump, water pump and all that damn sensors. Don’t have to worry about gas prices going way way way up. My friend electric bill only $39 a month to charge his 2014 Tesla. I’ll be saving in the long run on ev then my gas car.
When you read the Inflation Reduction Act (IRA) the word American comes up often. When you look at how the word is used it means Canada, Mexico, and the US. Certain Congressional Republicans insisted on this wording before they would vote for the IRA. - Zoomer
Elon is absolutely correct unless the US makers quickly learn how to design engineer and process build a lot cheaper with their own mind blowing proprietary developments. Major innovation beyond Giga Castings for example to radically drive down costs. Everyone can build in Mexico if the target is only lower cost non UAW labor. Typically the Chinese players have not been all that creative. Product wise if they stay away from trucks at least there would be some market share left for the current players. I can see BYD devastating GM for example in at least the EV Car/SUV side of things. High value, low cost sells. It worked for Chevrolet for it’s first 70 years. Same with VW and Toyota in the early years.
The automakers have only themselves to blame. In the last few years they have priced the average family out of the car market for EV's and most gas cars. During Covid they jacked up the price on all cars to levels that with the higher interest rates now, most families cannot afford. As a car is an essential purchase for most people, they will gladly buy a gas or EV car that is less than 15 or 20 thousand.
Ford and GM know what's going to happen to them as a company with BYD, they're crapping their pants right now. All I'm saying is that if you've been watching BYD lately, you know that they WILL SUCCEED
Its happening in the motorcycle industry too. CFmoto is making a big push into the US, and the bikes are insanely cheap compared to comparable Japanese and European bikes. They are pushing the bikes out to alot of social media influencers too.
I would love for our country to get the idea that we need to transition to a global market thought process vs the we need to keep others out. There are a ton of great products in Europe and Asia that can't come here b/c of ancient laws/tariffs that fight against the idea of a global market. I feel like it's inevitable. As far as finally getting some inexpensive EVs -- I love the idea. Most of the EV manufacturers are making ultra-luxury, high tech stuff, that are out of the reach of a lot of americans. We need a good, simple, repairable, EV that is affordable. Not these ultra-sexy, ultra-powerful, things that will be totaled by the insurance industry as soon as a repair is needed.
Isn't NAFTA (North American Free Trade Agreement) applies only to US, Canada and Mexico? Or more specifically to American, Canadian and Mexican companies? The Chinese can build all the factories in Mexico all they want but unless they sign NAFTA, they're still taxed at the borders.
My understanding is this is the answer. The IRA bonuses are based on where the car is manufactured as well as where the battery materials are sourced and the cells constructed. If they're done in NAFTA countries or some other select allies friendly with us, they get the rebates. But if it's built in China and shipped here, it not only doesn't get the EV rebate but there's a 2.5% tariff AND a 25% China tariff. Build it in mexico and viola!
@@AllCarswithJonWhat's the point of NAFTA or duties/tariffs if non-North American countries can build products in NAFTA countries and shipped them off duty/tariff-free? In other words, it defeats the purpose of duties and tariffs.
byd forms biz relationships with MX co's, its an MX bz. in china, GM (etc) forms biz relationships with chinese co's - the product is accepted in china as chinese. all the legacy's produced cars in china this way. playing tariff and trade games will only hold back the chinese for a while. there's a shit-ton of US citizens who *don't* work for uaw. keeping the chinese out means $80-100k pickups, damaging 98% of citizens who aren't uaw nor hold classic legacy auto stock.
I predict they will select Nuevo Laredo because it's halfway between Tesla's operations in Monterrey and Austin... That would be a real "Hello there!" moment! Especially if were near the path that Tesla trucks pass by every day...
Even if the US tariffs these cars, Ford and GM will still go bankrupt. They won't be able to compete outside the US. Both have over $100b in debt and it grows every year, so that's interest of close to $7b/year. And they'll lose economies of scale. They're done no matter what.
One correction - GM will go bankrupt *again*. In seriousness - that's a very pessimistic take on the situation, but I do increasingly fear you're correct.
American union in auto industry are one of biggest donors to democrats, not all of RUclips commentators. That says it all about this issue is to be resolved.
EVs in general are facing a slump now with the availability of Japanese hybrids, so it’ll be a war on Japanese American hybrids vs Chinese EVs. Yahoo’s survey last year showed that over half the population won’t be even considering an EV as their next option of vehicle. So it’ll be interesting. I’m hoping that the Chinese lose and shrink back to China. With their huge EV crash and all those startup bankruptcies last year, maybe this would end in a failure also. 🤞
I don't see it. The news loves to report the 'failure' of EVs, but it's a slowing in growth, not a slowing in adoption. I firmly believe in a near future of hybrids, which I think the Japanese dominate, but there's a space for cheaper cars and I think it's ripe for the Chinese companies. personally, I think that's sad.
God willing I have another 45ish years on this planet and I will not be buying an electric vehicle unless there is a few major break throughs in charge times, battery longevity and cost and most importantly infrastructure to support everyone driving cordless cars. Now that being said I am not the target demographic because I drive a 19 year old truck and a 25 year old Saturn wagon as daily drivers and I have no intention on getting rid of either and being able to repair my own vehicles there is little incentive for me ever to do. Do I think American car manufacturers should be concerned about an electric car coming here from China the answer is yes especially with the government being involved in manipulating the market with mandates and incentives but in a free and fair market an electric car has very few advantages over an ice vehicle but if politicians would actually do what is good for the American people for a change it is my belief that electric cars would remain only a few percentage points of the overall market.
@@AllCarswithJonYeah, I guess. But still, I think it’s a slow transition. Last year there was such a high build up of unsold EVs even with all those incentives. So I don’t think BYD has a chance at fast domination. Maybe they might eat into the market little by little, but by then, the Japanese and Americans would be building EVs using next generation architecture. Just my thoughts though.
Do you know who is really assaulted? Is the American consumer, people can’t afford $100,000 trucks or 45 to 50,000 sedans. That’s why Chinese cars would succeed in the United States
We need BYD. The car regulations will have to ease or the income taxes & votes will go to those closing the borders & ease regulations. If the environmentalists damage the UAW jobs & bonuses/shareholder value in US OEM'S, the politicians lose donations in their election war-chests. Lot of lost executive positions. The less employees working for US vehicle manufacturers, the less loyal to buy US products no matter where the products are designed & assembled.
Deben permitir que los autos chinos entren a USA, eso va a permitir lo que en México, una mejor competencia, ajuste de precios, el que entren autos chinos a su país no significa aue estén obligados a comprarlos.
I have ridden in several chinese marques here in mex city. They suck! Poor interior quality,,,cheap looking, the ride is loose and jiggly with lots of " loose things " noise. I have ridden in both EVs and ICE vehicles. No thanks! They seem flimsy and not likely to pass crash standards
Then GM shouldn't have spent that $7.5B in grant from American taxpayer on just buying their own stock. They could have also invested that money in Mexico. The Chinese are atleast giving the American people an actual inflation relief with those lower prices, as it is impossible to use public transport in most American states/cities. The then you should question, why are the American auto manufacturers being paid $7500 for every car they sell while they spent that grant money on buying stocks, and are continously doing so even with the grants. The Chinese have clearly a long term vision whereas the zombie American corporations like GM which also got massive bailout money if I remember correctly in 2008 are doing nothing innovative. If American consumers can become less dependent on their over priced inefficient cars, they will both save money and can let those giant failures like GM go bankrupt as in a free market should happen.
Cheers for Chinese! Cheers for free market competition & innovations. I hate that I can't buy cheap but better quality Chinese Huawei phone/solar panels/EV cars/etc. Why not? bad US protective politics only hurt consumers & environment. Why fearful of improvements/betterments/competitions/innovations?
Sorry gang, but I'm not even remotely interested in buying any EV let alone some junk from China. Their quality issues there are appalling. We also do not have the infrastructure to handle all of those cars. Our power grid can't handle it. It's going to take a few decades to be able to support them? Just my personal opinion.
Unless BYD sells dirt-cheap cars, they will fail for the same reason as Polestar and VinFast. The American public will not risk big bucks on an unknown-to-them foreign car brand until credibility and reliability are proven, especially if established brands are similarly priced.
That's the thing, BYD *does* sell dirt cheap EV's. They're probably the only manufacturer that has the software and battery expertise and manufacturing prowess of Tesla, yet are able to make them cheaper, and apparently they're incredibly good. Their battery tech is probably the best in the business as it is (BYD Blade battery). They have a large lineup of vehicles, all the way from entry-level (E2, small hatchback similar to something like a Chevy Spark or Mirage or etc that starts at ~$15k), the Seal (Model 3 Competitor), the Han (larger sedan, similar to a Camry or Accord but nicer and starts at ~$30k).
And if that's their business model, it may work. Just like Hyundai, Honda, Mitsubishi, Toyota before. Polestar is trying to trade off their association with Volvo (with some success). Vinfast is trying to price themselves as a 'premium' offering on-par with Tesla without any data to back it up. But BYD can enter with honesty - cheaper offerings for cheaper prices. With the inflated prices of the current Domestics, I'm afraid that segment is WIDE open.
@@AllCarswithJonDon't forget those cheaper prices on Chinese EVs are partly due to Chinese government subsidies. In the EU they have estimated that the price of Chinese EVs are about 20% lower then normal due to these subsidies (still being investigated so "allegedly"). Add that to other cost savings the Chinese companies have, like labor, and it's easy to see why other companies are very concerned in the US.
@@kamX-rz4uy I'm not forgetting that but I've not found a great and reputable source that can break down the alleged "subsidies" from the CCP in any detail. so I don't talk about it. As for cost savings, build a plant in Mexico.
BYD is one of the largest EV manufacturers in the world, passing Tesla in sales. But they need to expand globally and are doing so with factories in Eastern Europe, Brazil, and possibly one in Mexico.... why? Because Mexcio is the 'back door' to the US grandfathered in by NAFTA to avoid tariffs. This will become a HUGE issue in the coming decade as politicians wrestle with how to prevent homegrown autos being undercut by Chinese competitors. make no mistake, this is the first salvo in an upcoming trade war!
It goes both ways though: US farmers produce grain much cheaper than Mexican farmers can and many have gone out of business. Both countries opened their markets for each other's products. The same happened with steel in Canada: US companies bought the Canadian steel companies, largely closed them down, and now sends US steel into Canada.
The Legacy 3 will have to up their game and produce better value products. Given how high vehicle prices have shot up in the last few years, more competition is definitely needed.
I predict Nuevo Laredo as the factory site because it would be halfway between Tesla facilities in Austin and Monterrey... And since they are fast becoming the global EV duopoly of BYD's Samsung to Tesla's Apple it would give the media a lot to write home about... And free PR is always a good thing when trying to crack the world's toughest car market...
@@stickynorth Why? Most of the auto industry in Mexico is near Mexico City. BYD doesn't have supply chains in the US it needs to be near to, but it may make sense to be located near existing Mexican supply chain.
One site being considered is down in the Yucatan. Being close to Mexico City isn't the primary draw.
I would love to see the US build affordable electric vehicles. Either they cannot, whether because of environmental regs or the labor costs or they are choosing not too. As far as I am concerned, we have vehicles that are too fancy. My sense is that many people would be ok with simple transportation. I could be wrong though. People are finicky.
All EV manufacturers are serving steak to customers that want hamburgers. Not everybody wants to drive a Cray super computer on wheels. The winners will be manufacturers, Chinese or otherwise, that can sell sub $30K vehicles that are reliable with reasonable range and charge times. 24 inch multiple displays, self driving, and 500 hp+ motors are not needed for these vehicles, and not desired by the majority of buyers.
Totally agree, the US automakers approach to EVs was catering to high end and also some outright stupid products such as the Hummer EV. I go and look at a Tesla Model 3 and it has nearly 400HP, glass roof and a bunch of bells and whistles. Okay the automakers have all dabbled in EV enough to know how to build a hamburger car. The Bolt had some engineering issues but was more the right direction, maybe with a more handsome package. For the consumer more competition will be a good thing.
We Americans welcome more competition and choices. We are tired of expensive cars in the USA.
While I agree, I think there was serious concern that EVs would be looked at like super-lame Prius type vehicles. Yes, that is what a certain demographic wants and they are fine cars, but it's not exactly the image you want for an entire class of vehicles. Believe it or not, the performance aspect has made people more open to electric vehicles. If they were all low-power hatchbacks, it would be a dead market for them in the US. Also, it makes no sense to turn down the market that does exist for more expensive vehicles. Yes, high-end EVs. Heck, even BYD is making cars with the features listed. To me, self-driving is a desirable feature, and I am in the market for a used Tesla.
I think Chinese exports should be kept out. Sub-$30k cars already exist in America. The only way to get there with an electric that meets the requirements you list is to gut American auto-manufacturing by allowing Chinese imports. Is it worth selling out America to be driving electric instead of cars with small gas engines? Perhaps some think it is, but I think not in the long run.
The more competition the better the product for the people.
You are right, imagine no competition, expensive the cars.
Love my BYD Atto 3. Best car I've ever owned. I'm in Australia and have solar to charge it.
Same same, never go back to the ICE again. Am in Thailand, charge by solar, maintenance…..near zero.
@StansburyRockwellwell the BYD has an 8 year battery warranty. Replacement battery is AU$9500 which is around the same as getting a new ICE engine
@StansburyRockwell BYD is proud to offer Australian drivers a robust Traction Battery Warranty - 8 years or 160,000 kms, whichever occurs first
@StansburyRockwellno way you got a new battery for that amount. Your car has a 200kw battery. 3 times the BYD 60kw battery. Are you talking about the standard 12v battery?
Ford's cheapest vehicle is like 30k with a i3 made of plastic, off course they are shaking at this point.
When American can not compete, they start to complain or blame homeland security issue that everyone knows lie.
The Maverick is like $24,000
Good analysis. You are right about BYD. I have been watching BYD for the last 3 years and I see that they have been on the move. They will succeed.
BYDS do not feel cheap. Lightning fast brand equity in Australasia. Didnt take long at all to penetrate the market ahead of Tesla.
It's good for customers we need competition so we get better deals.
IF BYD moves on this and does start building EVs in Mexico, Elon and really the rest of the US manufacturers will lose their lunch over this. Just think about that and the current insane prices of vehicles that are offered by all the players in the US auto market. Here comes BYD bringing in a treasure trove of around 30K. If you as a consumer aren't looking at an EV, those prices might actually get you to start looking. With a similar range to the Model 3, and would likely be thousands less than the Model 3 people will be giving BYD a serious look. Elon, better take stock of adult diapers, he will need them!
BYD = Bury Your Dead
Google "Chinese EV fires".
Tesla can compete. They're doing so in China right now. Ford and GM are almost certainly headed for bankruptcy in a few years no matter what. Same with many Japanese and European auto makers.
Nobody is buying EVs in the US they don’t want them. I’ll stick with my 30 year old Jeep and Honda
Nobody wants Chinese junk except the uneducated or the poor. Just look at who frequents dollar stores.
@@waterloo123100you're living under a rock buddy🤦🏾
I'd also like to see BYD operations in Lancaster, CA expand.. Right now it makes buses and storage batteries... The next logical step for their empty lots next door would be a car factory... And of course the Antelope Valley and Lancaster have some of the cheapest house costs in Southern California... If they wanted to go the Made in America route like Airbus did to get its A220 around the American regulations when it comes to plane imports that is...
I agree with you. If the alternative is 20% or more of American drivers being priced off the road, which is where we're headed quickly, people will gladly buy BYD and other vehicles from Chinese carmakers.
What is interesting about the Chinese automakers is, they're not all going cheap. They have several luxury brands (and sub brands, like a Lexus) that have targeted the high end of the market.
They are improving year by year, very rapidly.
I think it's a fair bet they will displace both Toyota and Lexus. And it may not be long before they displace Bentley and Rolls too.
It makes me think of the battery industry (A123) in the US, they could not compete with the Chinese on cost etc! A123 Systems went bankrupt in 2013 and was purchased by the Chinese. I see bankruptcies and downsizing for Ford, GM, Stellantis etc! The new kings of the auto industry is here. Sandy Munro said the 1980's will happen again Toyota, Honda Nissan arrived on our shores and the big 3 auto's have never recovered.
China make everything for everyone,and,like you,forests China making huge numbers of export cars.In Europe the Dacia Spring ev,is a lower cost,good seller,but made in China.
This can be a concern, but the customer determines the market, Japanese manufacturers have established themselves really well so it'll be hard to beat, we will see
Are you serious? Yea the customer determines the market.. But with all the businesses exploiting the American workforce, there will be no customers.. If all the manufacturing is done somewhere else, Americans won't have any money to buy anything.. We have GOT TO STOP buying from outside of our own borders. Or we won't have a country to exploit..
They said the same thing decades ago when the Koreans were coming, and before that the Japanese. nobody stands still, they all improve.
Japanese manufacturers are dead men walking. They have enormous debts and are way behind in EV production. China now exports more cars than they and the gap will keep growing.
@@KidHorn7001 lol. I don't think so. First they haven't invested billions into capturing less than 10% of the market at this time. Second, their (especially Toyota) focus on hybrids seems inspired. They're going to be able to (as Honda is doing) use more advanced batteries and manufacturing to enter a more mature and less volatile market segment.
@@AllCarswithJon That's what Ford and GM thought too. Turns out you can't just take a gas car and replace the engine with batteries and motors. It's far more complex than that. It takes years of experience to develop a good EV. Japan depends heavily on exports and China is leading them in every way. Hybrids are the most costly and complex cars to produce. In a few years EVs will cost a lot less than a similar hybrid. I would give hybrids 3 years until they're priced out of the market.
I know guys that over the last 5 years or so bought rust free used trucks with worn out running gear and put crate engines and transmissions in them. Had the seats recovered and essentially built themselves new trucks for under $20,000 CDN.
This approach won't be available forever as rust free trucks are hard to find and getting harder but if you can finance $20,000 on your own or a line of credit it makes perfect sense.
Cheers 🇨🇦
Sweet, I hope I can get cheaper EV's in the future, that will rock. My Tesla Model 3 Performance is nice, but I think the BYD designs look a little better.
🇺🇸 car manufacturers make cars in Mexico too, I did not see those are sold less in US market, why?
it's not an issue, it's a solution to our outrageous car prices in the US
You realize China is Communist right? And a huge human rights violator. Also its dumping because there being funded by the Chinese communist party. That is unfair plus i bet there is slave and possibly some child labor being used in these shit boxes.
With the amount of Chinese made phones and TV's exc, I have no doubt that given the ability to buy a Mexican made car that would come in thousands cheaper than other brands the Chinese brand ones would win out. After all look at the country of origin on the sticker, lots of the so called American made cars have a large percentage of parts, Motors, transmissions or the whole vehicle is already made in Mexico. It becomes a matter of the parent company. It's actually American built, just not Made in USA. Mexico is on the American continent after all.
First of all, if the Chinese make everything else, why can't they make cars? I'd wager a Chinamobile is just as okay as a GM pile of trash. Manufacturers deserve it for building cars that cost $3k to repair when the heater breaks
@StansburyRockwellI wasn't talking about GM trucks, which are mostly great. I was talking about the smaller shit from GM.
a sub 20k pickup truck EV would be deadly... and most welcome compared to 80k ice pickups.
if it helps the consumer I dont car BRING IT ON! I want to buy a car for under 10000 dollars like other countries do
under the rules of the US-Mexico-Canada Agreement (USMCA) you can avoid the 27% tariff on Chinese electric cars and only pay a 2.5% Duty on the price if Bought From a Mexican BYD Dealer and of course if your own state has a sales tax have to pay that on its value, when you register it
Other mfrs like Mercedes and Audi have been building cars in Mexico and selling them here for years. Why haven't we said anything? Also, American mfrs, GM, Ford, Tesla, etc. have been selling cars in China for years. Are we saying that we can sell our stuffs to them but they can't sell their stuffs to us? A little one sided imo.
That's not a fair comparison. Other manufacturers are from allied nations, and by building in Mexico they can import (I think) tariff free.
China is not our ally, nor is it our friend. And yes, American manufacturers like GM and Ford sell in China as well as VW, BMW, Mercedes. But when China opened they required foreign manufacturers to partner with Chinese companies to do business. Reference my recent Wuling video where it's a product by GM and their partner.
Turnabout's fair play, so perhaps we should have a NAFTA law that if a Chinese company wants to sell in the US, they MUST partner with GM, Ford, Tesla, Rivian, or Canoo? Imagine the melt-down in the halls of Congress.
@@AllCarswithJon The only reason why the Chinese require foreign companies to partner with Chinese companies is so that they can copy Western technologies. Pure and simple.
@@AllCarswithJon Allies?? Didn't know there was WWIII going on. So China requires partnerships with their companies? Well, the first time that they want to sell their cars here we impose stiff tariffs on them. That's not exactly fair, either. I'm fine with the turnabout's fair play that you suggest tho. Hey they're already partnered up, right?
As it stands right now, Chinese cars have so many issues that the Chinese don't even want them
As someone who has seen first hand the misery that comes from losing a US manufacturing job, there is no way I will ever buy one of these.
It would be nice if the government (or maybe some private entity) would help American workers prepare for the future. Automation has put a lot more people out of work than immigrants ever will.
your daddy did the same thing the 80s bashing toyota, the tradition is strong in your family
My dad had a Toyota Tercel. I figured this out a long time ago that it will affect more jobs than just autoworkers. @@vangpham2514
Thank you! I have not. Because i do not work in mfg. But i live in mid Michigan and know plenty who have. Everything from Auto jobs to refrigerator mfg jobs lost. Its devastated alot of the small towns here not to mention cities. I cannot believe how people will sell the farm to buy the cheapest possible product. Its pathetic. And China is communist and it is legal for people to be sold and trafficked there. China is a evil country.
With inflation, the cost of living is too high. Maybe it's not a bad idea if Chinese allows to sell cheaper and better cars in the US. More competition, more choices, and better deals for consumers.
If they will build a 2 seat, 6.5 ft bed PU, then bring it on. A sleep in the back and lite haul truck.
I really, really want to see some little manufacturer from a foreign country come busting in the US market with the modern, cheap equivalent to the old Nissan Hardbody and watch all the other manufacturers freak out.
I drove hardbodys for 20 years. Bought the 1986.5 first year model. Drove it for 12 years/186 K. miles.In my area, they rusted away in 12/14 years. Engine still strong.@@AllCarswithJon
I'd buy one as long as the safety ratings aren't terrible. That's my biggest concern
The domestics came out alright after the Japanese invasion and the Korean invasion, there is market share for all the players might be rocky, but it will balance greed will see to that not many cheap Japanese or Korean cars around today
I agree that it is only a matter of time, but tariffs are a three edged sword - there is the edge that Congress wants to demonstrate in passing tariffs (keep the foreign competition at bay), what actually happens (consumers pay the penalty, not the manufacturers) and finally the knock on effect that is the hit to foreign relations. Our relations with China are't particularly good at the moment and trade tensions aren't exactly going to help that.
BYD is smart and is already making a name for itself in the states without selling cars here by making news here. Lots of people already know that they sell more EV’s than Tesla, they watch comparisons between Tesla and BYD, they know about the BYD Dolphin and it being an attractive and affordable EV. The small and affordable car market is dying here and auto manufacturers have abandoned the market without any plans to fill that void. One thing about Asian brands is that they always play the long game where Americans play the short game. The long game right now is that the economy will slow and there will be a shift to more affordable and smaller cars very soon. Well, it takes years to develop those cars so American car companies are now years behind again, but the Chinese are ready to swoop in and get those customers. The Koreans and Japanese may not sell lots of small models in the states, but they never stopped making them, so they can easily be produced in larger numbers and shipped in as well. American companies always put their eggs in one basket and then ask for handouts when they inevitably fail at their plans. Of course trucks are profitable and they should sell as many as they can, but they should always have a backup plan.
Well! I’ll buy BYD if their ev are designed differently, quality, better technology and all we are looking for is the price that we can afford. With union wages is pushing more higher prices on cars. Damn pickup trucks almost more than a house. People are stupid paying 60,70,80,90 thousand dollars for a pickup. I’m looking forward buying a new 2024 Tesla model 3. This will be my first ever. My friend has still his 2014 Tesla model 3 and loves it. I did research and found out that gas engines has 2,000 moving parts where Tesla has 18 moving parts. I don’t have to worry about oil change, transmission fluid, filters,engine check light, emissions test, exhaust pipe, tailpipe, spark plugs and wires,less rotor, break pads changing, gas pump, water pump and all that damn sensors. Don’t have to worry about gas prices going way way way up. My friend electric bill only $39 a month to charge his 2014 Tesla. I’ll be saving in the long run on ev then my gas car.
When you read the Inflation Reduction Act (IRA) the word American comes up often. When you look at how the word is used it means Canada, Mexico, and the US. Certain Congressional Republicans insisted on this wording before they would vote for the IRA. - Zoomer
My dad just got a GM EV in Mexico city for less than 30k when a Tesla 3 is around 50k
Elon is absolutely correct unless the US makers quickly learn how to design engineer and process build a lot cheaper with their own mind blowing proprietary developments. Major innovation beyond Giga Castings for example to radically drive down costs. Everyone can build in Mexico if the target is only lower cost non UAW labor. Typically the Chinese players have not been all that creative. Product wise if they stay away from trucks at least there would be some market share left for the current players. I can see BYD devastating GM for example in at least the EV Car/SUV side of things. High value, low cost sells. It worked for Chevrolet for it’s first 70 years. Same with VW and Toyota in the early years.
The automakers have only themselves to blame. In the last few years they have priced the average family out of the car market for EV's and most gas cars. During Covid they
jacked up the price on all cars to levels that with the higher interest rates now, most families cannot afford. As a car is an essential purchase for most people, they will gladly buy a gas or EV car that is less than 15 or 20 thousand.
Ford and GM know what's going to happen to them as a company with BYD, they're crapping their pants right now. All I'm saying is that if you've been watching BYD lately, you know that they WILL SUCCEED
You are cheering for a communist country. You are pathetic
Its happening in the motorcycle industry too. CFmoto is making a big push into the US, and the bikes are insanely cheap compared to comparable Japanese and European bikes. They are pushing the bikes out to alot of social media influencers too.
I have a Chinese motorcycle and it's great
@@johntapley8527 some of your money helped them send arms to Russia. Congrats.
I would love for our country to get the idea that we need to transition to a global market thought process vs the we need to keep others out. There are a ton of great products in Europe and Asia that can't come here b/c of ancient laws/tariffs that fight against the idea of a global market. I feel like it's inevitable. As far as finally getting some inexpensive EVs -- I love the idea. Most of the EV manufacturers are making ultra-luxury, high tech stuff, that are out of the reach of a lot of americans. We need a good, simple, repairable, EV that is affordable. Not these ultra-sexy, ultra-powerful, things that will be totaled by the insurance industry as soon as a repair is needed.
The usa will raise yariffs on chinese EVs sothat the lower end EV market will still not be affordable
USA. Make
America
Great
Again
Isn't NAFTA (North American Free Trade Agreement) applies only to US, Canada and Mexico? Or more specifically to American, Canadian and Mexican companies? The Chinese can build all the factories in Mexico all they want but unless they sign NAFTA, they're still taxed at the borders.
I think the IRA is what's germane. The IRA only cares where things are made. Not who makes them.
My understanding is this is the answer. The IRA bonuses are based on where the car is manufactured as well as where the battery materials are sourced and the cells constructed. If they're done in NAFTA countries or some other select allies friendly with us, they get the rebates.
But if it's built in China and shipped here, it not only doesn't get the EV rebate but there's a 2.5% tariff AND a 25% China tariff. Build it in mexico and viola!
@@AllCarswithJonWhat's the point of NAFTA or duties/tariffs if non-North American countries can build products in NAFTA countries and shipped them off duty/tariff-free? In other words, it defeats the purpose of duties and tariffs.
byd forms biz relationships with MX co's, its an MX bz. in china, GM (etc) forms biz relationships with chinese co's - the product is accepted in china as chinese. all the legacy's produced cars in china this way. playing tariff and trade games will only hold back the chinese for a while. there's a shit-ton of US citizens who *don't* work for uaw. keeping the chinese out means $80-100k pickups, damaging 98% of citizens who aren't uaw nor hold classic legacy auto stock.
I predict they will select Nuevo Laredo because it's halfway between Tesla's operations in Monterrey and Austin... That would be a real "Hello there!" moment! Especially if were near the path that Tesla trucks pass by every day...
Nuevo Laredo tamps Mex. …sister city of Laredo Texas “gateway to Mexico”
beautiful english Dear, congratulations from somewhere in Mexico.
Even if the US tariffs these cars, Ford and GM will still go bankrupt. They won't be able to compete outside the US. Both have over $100b in debt and it grows every year, so that's interest of close to $7b/year. And they'll lose economies of scale. They're done no matter what.
One correction - GM will go bankrupt *again*.
In seriousness - that's a very pessimistic take on the situation, but I do increasingly fear you're correct.
Agree 100%
Fasten your seatbelt, it’s going to be a bUmPy ride.
Nobody in Europe wants Chinese EVs and Garages in Ireland will not take trade in EVs at all
and they are building a factory in central asian country uzbekistan
👍👍 awesome. Thank goodness the Chinese are here to save USA from over priced obsolete vehicles
American union in auto industry are one of biggest donors to democrats, not all of RUclips commentators. That says it all about this issue is to be resolved.
I wonder if their build quality is like their Tofu dreg buildings, apartments, houses, bridges, roads 🤔 🤣
I thought we loved capitalism though?!?😂😂😂
EVs in general are facing a slump now with the availability of Japanese hybrids, so it’ll be a war on Japanese American hybrids vs Chinese EVs. Yahoo’s survey last year showed that over half the population won’t be even considering an EV as their next option of vehicle. So it’ll be interesting. I’m hoping that the Chinese lose and shrink back to China. With their huge EV crash and all those startup bankruptcies last year, maybe this would end in a failure also. 🤞
I don't see it. The news loves to report the 'failure' of EVs, but it's a slowing in growth, not a slowing in adoption. I firmly believe in a near future of hybrids, which I think the Japanese dominate, but there's a space for cheaper cars and I think it's ripe for the Chinese companies.
personally, I think that's sad.
God willing I have another 45ish years on this planet and I will not be buying an electric vehicle unless there is a few major break throughs in charge times, battery longevity and cost and most importantly infrastructure to support everyone driving cordless cars. Now that being said I am not the target demographic because I drive a 19 year old truck and a 25 year old Saturn wagon as daily drivers and I have no intention on getting rid of either and being able to repair my own vehicles there is little incentive for me ever to do.
Do I think American car manufacturers should be concerned about an electric car coming here from China the answer is yes especially with the government being involved in manipulating the market with mandates and incentives but in a free and fair market an electric car has very few advantages over an ice vehicle but if politicians would actually do what is good for the American people for a change it is my belief that electric cars would remain only a few percentage points of the overall market.
Hybrids are the worst. Too much complication for what it is... EV or bust, baby!
@@AllCarswithJonYeah, I guess. But still, I think it’s a slow transition. Last year there was such a high build up of unsold EVs even with all those incentives. So I don’t think BYD has a chance at fast domination. Maybe they might eat into the market little by little, but by then, the Japanese and Americans would be building EVs using next generation architecture. Just my thoughts though.
@@AtomicReverendAgree. For most people with a single vehicle, EVs won’t do it for them.
Do you know who is really assaulted? Is the American consumer, people can’t afford $100,000 trucks or 45 to 50,000 sedans. That’s why Chinese cars would succeed in the United States
(mexico is set up to big in battery electric - offer solar charging solutions )
allow them in
Thailand to. Right hand drive.
We need to end NAFTA!!
We need BYD. The car regulations will have to ease or the income taxes & votes will go to those closing the borders & ease regulations. If the environmentalists damage the UAW jobs & bonuses/shareholder value in US OEM'S, the politicians lose donations in their election war-chests. Lot of lost executive positions. The less employees working for US vehicle manufacturers, the less loyal to buy US products no matter where the products are designed & assembled.
I'm sick of $100k EVs, bring on cheap $20k toy-like tryout cars & maybe we'll save our kid's futures afterall....
Hardly any EVs cost $100k. Many cost less then the average gas vehicle.
Ecuador has a ridiculous ratio of Chinese cars to US / European ones.
Tired of over paying for USA cars
Deben permitir que los autos chinos entren a USA, eso va a permitir lo que en México, una mejor competencia, ajuste de precios, el que entren autos chinos a su país no significa aue estén obligados a comprarlos.
I remember you telling us
Phew! You do enough videos and enough talking and you're *pretty* sure you said it before... 😀
Detroit can compete, if we have peace.
I have ridden in several chinese marques here in mex city. They suck! Poor interior quality,,,cheap looking, the ride is loose and jiggly with lots of " loose things " noise. I have ridden in both EVs and ICE vehicles. No thanks! They seem flimsy and not likely to pass crash standards
Cheap Chinese electric cars... which isle at WalMart do you suppose they'll be in?
Hmmm BYD Brother Your Dead?
US vehicle market is overpriced, they need to bring back compact cars 😭
March 15 trump says of Chinese factorys in Mexico. %100 tariff.
The next president needs to put a 400% tariff on Chinese cars being sent over to America.
Then GM shouldn't have spent that $7.5B in grant from American taxpayer on just buying their own stock. They could have also invested that money in Mexico. The Chinese are atleast giving the American people an actual inflation relief with those lower prices, as it is impossible to use public transport in most American states/cities. The then you should question, why are the American auto manufacturers being paid $7500 for every car they sell while they spent that grant money on buying stocks, and are continously doing so even with the grants.
The Chinese have clearly a long term vision whereas the zombie American corporations like GM which also got massive bailout money if I remember correctly in 2008 are doing nothing innovative. If American consumers can become less dependent on their over priced inefficient cars, they will both save money and can let those giant failures like GM go bankrupt as in a free market should happen.
Invasion? You mean success, they have beat you at your own game. They are incredible cars if you hate BYD your TESLA runs on their batteries.
The cars will still be subpar though
So are Hyundais/Kias, but people keep buying those.
@@elcheapo5302 No they aren't. Have you ever driven the new chinese cars? I have and Kia and Hyundais are great now days
@@Vanessinha91Pucca Google "Chinese EV fires".
Invasion? It’s competition.
Invasion? What is Mac Donald doing elsewhere in the world?
everyone who wants an EV already has one....
No really a lot of people want one that's around $20,000.
China should put a tariff on Boeing airplanes.
Keep them out of the Midwest and I won't care.
Cheers for Chinese! Cheers for free market competition & innovations.
I hate that I can't buy cheap but better quality Chinese Huawei phone/solar panels/EV cars/etc.
Why not? bad US protective politics only hurt consumers & environment.
Why fearful of improvements/betterments/competitions/innovations?
Why is your problem. If is made US no problem?? + be. Fair
To be fare china accepted our goods and services. Why can't we
Sorry gang, but I'm not even remotely interested in buying any EV let alone some junk from China. Their quality issues there are appalling. We also do not have the infrastructure to handle all of those cars. Our power grid can't handle it. It's going to take a few decades to be able to support them? Just my personal opinion.
We need trump for president
Unless BYD sells dirt-cheap cars, they will fail for the same reason as Polestar and VinFast. The American public will not risk big bucks on an unknown-to-them foreign car brand until credibility and reliability are proven, especially if established brands are similarly priced.
That's the thing, BYD *does* sell dirt cheap EV's. They're probably the only manufacturer that has the software and battery expertise and manufacturing prowess of Tesla, yet are able to make them cheaper, and apparently they're incredibly good. Their battery tech is probably the best in the business as it is (BYD Blade battery). They have a large lineup of vehicles, all the way from entry-level (E2, small hatchback similar to something like a Chevy Spark or Mirage or etc that starts at ~$15k), the Seal (Model 3 Competitor), the Han (larger sedan, similar to a Camry or Accord but nicer and starts at ~$30k).
All they have to do is offer an incredible warranty.
And if that's their business model, it may work. Just like Hyundai, Honda, Mitsubishi, Toyota before. Polestar is trying to trade off their association with Volvo (with some success). Vinfast is trying to price themselves as a 'premium' offering on-par with Tesla without any data to back it up.
But BYD can enter with honesty - cheaper offerings for cheaper prices. With the inflated prices of the current Domestics, I'm afraid that segment is WIDE open.
@@AllCarswithJonDon't forget those cheaper prices on Chinese EVs are partly due to Chinese government subsidies. In the EU they have estimated that the price of Chinese EVs are about 20% lower then normal due to these subsidies (still being investigated so "allegedly"). Add that to other cost savings the Chinese companies have, like labor, and it's easy to see why other companies are very concerned in the US.
@@kamX-rz4uy I'm not forgetting that but I've not found a great and reputable source that can break down the alleged "subsidies" from the CCP in any detail. so I don't talk about it. As for cost savings, build a plant in Mexico.
Amazon Essential cars, built by BYD
I am surprised Amazon hasn't bought out Aptera, Arrival, Lucid, Canoo or Rivian by now...
@@stickynorth They may as well start their own car company by now
LOL!
@@stickynorthAmazon owns about 18% of Rivian. They've been buying their delivery vans but it's not exclusive.