I was recently in China and went to check out the BYD range. The salesman was happy to report that prices have all been dropped recently. Over at the Volkswagen store things were looking more glum 🙂 it's incredible the rate of change in China when it comes to electrification. Then Shanghai every scooter, I mean every scooter is electric. Electric. Electric. Buses are electric and maybe 10% of the vehicle fleet on the street, actually more
I spoke to a local [Cambodian/Chinese businessman] recently who was reversing his new E2 out of his shophouse. It's a very impressive vehicle - in white - and he told me he had paid $30,000 USD for it at the Phnom Penh BYD dealership in December. Imported cars to Cambodia incur a 120% tax hike, so I suppose the $12,000 USD price, in China, is about right.
This would sell very well here in Australia. Especially if it could be sold at a lower price point than the current Dolphin which is available here. I like it but I'll be keeping my Atto 3!
It's actually almost identical specs - similar size to a Kona or EX30 - same platform as the Dolphin - same motor driving the front wheels as the base model Dolphin (and same slow 60kw max DC charge / 7kw AC). For some reason specs say 1kwh smaller battery than the Dolphin and 5km lower WLTP range.
@@markplott4820err.. Polestar is headquartered in SWEDEN, with Swedish management. Just because it's majority owned by Geely doesn't mean its day to day decisions are made in Geely headquarters. Also, that's Geely.. what does that have to do with BYD? Unless like the old stereotype that to Westerns, all Chinese look alike that also applies to Chinese companies
In truly free and open market conditions the great improvements in Manufacturing Efficiencies and technological overall would of lowered the relative cost of all sorts of consumer good over the last 40 years increasing standards of living of everyone on the planet.
@@robertbidochon7949 The perception of scarcity increase the toll of rent seeking on societies and this now pervades every sectors of the economy making everything harder and more expensive to do.
Good grief! BYD is selling an entire car for the same price as a Tesla Powerwall but with three times the battery storage? I’d buy it just as a house battery
I like the styling better than the quirky Dolphin. Looks like an electric Hyundai i30. Similar external dimensions to Dolphin. I'd love one of these with the Dolphin Premium's battery/drivetrain (60Kwh battery, 150Kw/310Nm motor). I'd even take one with the city rated battery/motor. Send it BYD.
That depends where you are; I've started to see the occasional one here in the UK, I expect to see a lot more soon. Not so long back I was saying the same about Electric MGs and now I regularly see MG 4's and 5's (ZS's seem to be everywhere but you can't immediately tell if they are EVs unless you see the grill. However, yes, I agree. A Tsunami of BYD cars is coming wherever you are.
That is hilarious. I live in regional QLD, Australia. I own a BYD Atto 3 and they are in good numbers where I live in Toowoomba, pop. 160,000. Not to mention Seals and Dolphins are making their appearance everywhere here as well. Australians are VERY conservative car buyers - yet they are buying BYD cars.
This is competing in a market, with a very compelling product. This is what the public wants and will vote with their wallets world-wide, unless protectionist tariffs deprive the consumers.
It does not matter how much these cars would cost in Europe, because its task is to be cheaper and more affordable than ICE vehicles in the Chinese car market. If this electric car model comes to the European car market, it will be adapted to the European taste with a much bigger battery, a much more powerful motor (for example 140kW), a different software, more European name and a price a little bit lower than other cars of a similar size, and the BYD's business will go forward successfully in Europe...!!!
01:05 - when you say that you are "working" in a car factory that's one of your main jobs...this and stroking over the car's coating with a white glove to see whether you find a particle of dust or not.
Only d usual anti competition regulations will save any of these companies from BYD. Even Tesmodel 2 is in trouble. Essentially battery tech meand EVs are life size toy cars. BYD has cracked d production formula
Hope BYD can sell this affordable car in LATAM and SE Asia. They are giving people of all income levels the opportunity to drive an EV and reduce dependency on fossil fuels.
China actually dosen't have inflation. They had deflation but that was like 6 months ago. Now they're back into inflation and the inflation rate is actually not that high.
I hope they export that car to South Africa, the current Atto 3 on offer at $35 000 is way above average selling price of $20 000 for a new car this side. Buyers aren't ready to shell $35 000 on a brand with no track record.
BYD are building in a low cost environment. China does not have an inflation problem, it has the opposite risk deflation, however price have started to rise positively lately.
What is the parts supply situation going to look like, though? If I can’t drive and repair the thing twenty years from now, it’s not worth anything. Say what you will about legacy car makers, but they have that figured out at least. Not including EVs, that is. Exchanging the battery, as well as software updates and supply of the processors needed for the fancy infotainment systems, in my opinion, are not guaranteed. So keep your high tech until you solve that issue. I will not shredder my car after 5-10 years just because it is not supported anymore. You have to look at the entire lifecycle to determine how bad for the environment your choice is.
True, selling parts over and over for maintenance has been the prime profit model of ICE's. It's why BEV's to be successful have to make that profit the point of sale. They don't have as many parts that need replacing so it's not a sound profit model for them.
@@TheEvilmooseofdoom the only difference is the drive train. In many cases, it’s really just the engine. Everything else will wear down just as quickly. Or even quicker, because of the added weight. If you’re happy to not drive your car when someone breaks your side mirrors and there are no replacement parts available, good for you. Or AC compressors. Or the touch screen. It’s SO convenient to not have physical knobs and sliders anymore… until your screen breaks and there is no replacement part. If a company introduces a new model every 6 months, do you really think they have a 20 year parts programme?
Personally I'd take the more expensive VW any day, given their experience of making good quality vehicles over many decades. When I buy a vehicle I generally keep it for at least 10 years so the initial expense is only one factor. Even though the BYD is a fair bit cheaper, I'd happily pay the extra to get a brand with a track record in producing reliable vehicles which last.
Do you know VW have just invested 700 million dollars for a 5% stake in Chinese ev maker Xpeng. To get access to their ev tech. VW have also invested a billion dollars to set up their ev research and development centre in Hefei China because they know where the latest ev innovations are coming from. And it's certainly not back home in Wolfsburg Germany.
Really? Wait till you see how slow they (BYD's) charge, both ( AC 6kWh max, and DC 88kWh max). Compare that to a Tesla, AC 22kWh and DC 250+kWh). This is why BTD's should be excluded from charging at Tesla SuperChargers (IMO).
This is what people are failing to see. With so much automation taking jobs or drastically reducing incomes people will flock to models this cheaply. And if EVs go the way TVs changed from tubes to flat the price will be reduced even further. In the U.S. they will push off for as long as possible but people go over to Mexico for meds and surgeries they will also go over for cheap cars. The tidal wave is coming by 2030 a new EV will be $5k if not before according to Toni Seba.
The information we are missing is BYD's financial strategy. Unless it's a 4 wheeled death trap, BYD is likely choosing to lose money in order to gain market share. Chinese companies are well known for having obscure finances given that the local money (not bank) is difficult to audit and account for. Some other really nice cars are made by Xiaopeng and NIO, yet they are losing bushels of money. BYD, being a conglomerate, can subsidize autos with other lines of business. Many of us are wondering if Chinese auto manufacturing is going down the path of real estate, i.e. massive meltdown coming, and maybe BYD is counting on that. No way to say, but if a Chinese EV is in anyone's future, now would be the time to buy.
or maybe the fact that BYD own almost the entire supply chain, with batteries they even own the fk MINES !!! but of course, westoids have to COPE hard and think, NO, NO... it must be something else. 😆😆
Sam, I thought you said BYD was among the manufacturers about to go bankrupt. But in case I misunderstood, does BYD have any plans to expand into the USA, particularly California? 😎
It reminds me of Joe Isuzu TV add in the 80: " We don't want to make money, folks. We only want to sell cars". Look at what happened to Isuzu sales network in the US? If BYD is not making money on EVs, how long can this sales model sustain? It is analogous to old saying: " we do not make money on unit sell, but we make it up on volume". As soon as China government subsidy runs out, their foreign exports may not make up for the shortfall
There are Byd electric taxis plying the city of Shenzhen in China for the past 7 to 8 years, already clocking up hundreds of thousands of km in mileage. Without having to replace their batteries. This is Byd first generation E6 model. Shenzhen public transportation has gone 100% electric since 2017.
@@onetwothreefour-s1n Not really. The Seal sells for MORE than a Model 3, so who the hell is going to buy a Seal? The Atto 3 / Dolphin sells for MORE than MG 4 (another Chinese brand) so who the hell is going to buy a Dolphin? And so on. It wouldn't matter if BYD were an unknown brand if their vehicles were competitively priced and good vehicles. Word of mouth would spread and their brand would be established in a year or two. But they've gone about stuff in totally the wrong way and it's stymieing sales. GWM / ORA did the same thing and they're basically on life support in Europe. Not that I especially care but it just seems weird to fail at the one thing Chinese companies should be able to compete on - price. And European makers are starting to drive prices down so that window of opportunity is shrinking.
I was thinking of attempting to buy Seagull in Thailand... but I can't find it for sale in any dealerships there yet.... much less this e2. Dolphin is available for about $19k USD. I like Seagull because it's smaller too... not just that it's cheap.
Can legacy auto survive without international sales? Will the cost of producing ICE vehicles go up with lower volume of sales? I see a blood bath for legacy auto.
The empty factories seem like an opportunity for European and American carmakers to open plants in China for export to poorer and developing countries, maybe even Australia and New Zealand. This gives them a bigger fig leaf than simply rebadging a Chinese make, as has been popular.
What a waste of a money. Instead, they could establish their own supply chain and not to demean themselves to the extent that they need to be a joint venture
Honestly I would bring up the question that is at the for front of my mind what do they cut corners on in terms of features and what they cut corners on in terms of build quality
The reason they dominate here in Asean is the fact that they are affordable and reliable. They have been on the road for more than a year. Already as ubiquitous as Toyotas.
Sam, you obviously don't have a clue about the broad picture on inflation and economic growth in China. Month to month inflation is volatile at the moment, turning from shifts of around, say, +0.7% one month to -0.7% the next. The annual inflation rate in 2023, though, was 0.2%. So, the concern is that China could fall into full blown deflation this year which would be a disaster - forget all the optimistic estimates of GDP growth if that happens. So, what is BYD doing? They are taking the necessary steps to avoid a stall in demand and purchasing of BYD vehicles. That is what happens when deflation sets in - buyers delay purchases as the perceived value of commodities (including cars) collapse. In that situation consumers become purchase shy for any purchase that can be delayed. Food and rent payments can't be delayed but the purchase of a car can. And why do consumers delay purchases? Because of a worrying (and widely shared) sense that soon enough there will be little enough in the bank account for food and rent let alone cars. So, consumers (or more accurately waged workers) fear losing their job or a reduction in paid working hours or a reduction in the wage rate. Why? Because that is what they see happening around them as once powerful corporations implode and close their doors and as the value of their meagre assets - apartment and car, for instance - depreciate. For young people without assets the problem is somewhat different - they simply can't afford a lot of major purchases and are in no rush to acquire depreciating automobiles or other expensive commodities. Now, according to the latest IMF data (January 2024) the rate of surveyed unemployment in urban areas of China was around 5.2 percent in 2023. Youth unemployment shows an even more worrying trend. In June 2023, youth unemployment had risen to around 21 percent and as high as 40 percent in rural regions (or 50 percent after factoring in underemployment). So, the fears of trouble ahead are supported by what is evident all around. Note: (1) State funded unemployment support and support for undergraduate and postgraduate University students is extremely limited. (2) There is a question over the accuracy of China's youth unemployment data. The government has revised these numbers down by about 6% after excluding students from the data.
I think many rich Chinese are like that. They keep it around 3-5 years then sell it or give it to their offspring or relatives. Some even just 2 years. Hence, every year, there is always a demand for cars. The news about NEV cars slowing down is just BOGUS. It is meant to manipulate the stock market. 😂😂😂
The new viking trend of fluffing out the last few minutes is bad. Just end the vid when you've run out of things to say. That way your next vid comes up without a long gap with stupid music, for all of us who like to use the autoplay function
U.S. dollars? So this will be sold in the U.S.? I thought the Americans are terrified of China competitiveness, and as usual will use various reasons and tariffs to block competition. But in the meantime, they have no issue with Tesla selling cars in China. I support China blocking Tesla from their market.
Watching Chinese consumers videos, I think these last about 40,000 miles and then motor bearings start going bad. Also the frame's metal is flimsy and you can bend the frame with pliars.
Proof is in the pudding . Not some Chinese videos. Have also read about Byd early E6 ev model which is used as taxis in Shenzhen. Some of them have accrued hundreds of thousands of km in mileage over the past 7 years as taxis in that city. Without having to replace their batteries . Public transportation has gone 100% electric in Shenzhen since 2017. Very easy to verify how the electric taxis and buses are doing so far.
If this is a real price then it just shows how massively subsidised Chinese EV makers who cannot sell in China are dumping product in other markets in the hope of wiping out their competitors - that might be good for consumers in the short term but where will we be if they do knock out VW, Stellantis, GM, Ford etc - won't be so much price competition then ! You might keep calling them "legacy auto" but in fact they are the competition, employ a lot of people in the countries most of your viewers live in and operate in regulatory environments that, in general, prevent such predatory behaviour. The world will not be a happy place when there are, say, 2 vehicle makers both based in China. Such prices should not be celebrated.
VW probably gone anyway. They spent all their money, time and research and development on chips to fake exhaust emissions. Could have used that to develop EV technology instead. Let’s see 😢
The new byd yuan up will have the same price as e2 , but with superior quality……. I really can’t understand why byd does this…. Too many models without significant differences.
I can't see BYD selling the e2 in Australia whilst the Dolphin is here. They are too similar. They can sell the Yuan Up (with the obligatory SUV tax applied) as it is Wider/taller than the Dolphin. I prefer the design of the e2 over the Dolphin.
Yet many of their models from BYD, Nio and Xpeng have achieved 5 star safety ratings from Euro NCAP. This is one reason why EU is so worried about them coming into their market. Affordable and reliable. If they are deathtraps like you said, EU wouldn't be the least concerned about Chinese evs. Why bother to investigate and threaten more tariffs? European brands are safe. No will buy Chinese. Right?
I never had an EV and out of principle would never want to buy anything Chinese, but if a car that lasts at least several years and is cheap to run costs about 10k € soon, I have to admit it would be kind of tempting.
the ID3 is not double the price, it's about 3 times that and more. In EU you can get it from 30k+, maybe China has it cheaper, but then again everything is cheaper there and we don't live there. even if this would be 20K in Western regions it would blast the competition.
That may be true. The field of these providers is rapidly thinning out and all of them are going bankrupt. So you will probably be right. We say: They are the one-eyed among the blind!!!!@@kamsunleong6648
For geeks? No. For asians? Sure. I see plenty of BYD's on Melbourne Australia roads, I have ever seen ONE non asian driving one. What does that tell you ? Mind you, I see a lot more asians driving Tesla's than BYDs'...
a bunch of people at work bought a 40K tesla i bought a 16k used chevy bolt, with 23k miles on it barely used with a new battery,, my payment is 343,, thir payment is 775 a month,,, i pay 1000 a month so i will pay it off sooner...
I was recently in China and went to check out the BYD range. The salesman was happy to report that prices have all been dropped recently. Over at the Volkswagen store things were looking more glum 🙂 it's incredible the rate of change in China when it comes to electrification. Then Shanghai every scooter, I mean every scooter is electric. Electric. Electric. Buses are electric and maybe 10% of the vehicle fleet on the street, actually more
Shanghai i way behind Shenzhen
Due to the decrease of battery cost, the cost performance of electric vehicles is further improved (not only BYD).
I spoke to a local [Cambodian/Chinese businessman] recently who was reversing his new E2 out of his shophouse. It's a very impressive vehicle - in white - and he told me he had paid $30,000 USD for it at the Phnom Penh BYD dealership in December. Imported cars to Cambodia incur a 120% tax hike, so I suppose the $12,000 USD price, in China, is about right.
Anhui = An-whey is the Chinese province. It has a population 35 million more than the entire population of Australia.
🎵We don’t need to multiply 🎵
@@Michael-yi4mc
Either you do that or you'll get third world imports. Like Europe. Choice is yours.
@@Michael-yi4mc
You better or else third world imports will.
Large part of Aus is not suitable for living. So most of population is concentrated in major cities
This would sell very well here in Australia. Especially if it could be sold at a lower price point than the current Dolphin which is available here. I like it but I'll be keeping my Atto 3!
It's actually almost identical specs - similar size to a Kona or EX30 - same platform as the Dolphin - same motor driving the front wheels as the base model Dolphin (and same slow 60kw max DC charge / 7kw AC). For some reason specs say 1kwh smaller battery than the Dolphin and 5km lower WLTP range.
E2 is more intended for fleet/taxi use. The Yuan Up to officially be launched in a few hours is really going to shake up the consumer market.
If BYD could get that to Europe for around 20K €, it would sell massively.
That's what EU is presenting 😅
the Chinese made POLESTAR is too EXPENSIVE in the EU.
in China its like $30,000.
Polestar , not really a SAFE car either.
@@markplott4820 why are you conflating BYD with another car ? It’s not a comparison that’s relevant…..
@@rachelbailey966 - BTD, does not matter anymore, GAME OVER.
@@markplott4820err.. Polestar is headquartered in SWEDEN, with Swedish management. Just because it's majority owned by Geely doesn't mean its day to day decisions are made in Geely headquarters. Also, that's Geely.. what does that have to do with BYD? Unless like the old stereotype that to Westerns, all Chinese look alike that also applies to Chinese companies
The model e2 has been around for almost a decade or so. Much of Shenzhen's taxi were e2 back in the day (I haven't visited Shenzhen for years now)
In truly free and open market conditions the great improvements in Manufacturing Efficiencies and technological overall would of lowered the relative cost of all sorts of consumer good over the last 40 years increasing standards of living of everyone on the planet.
exactly. Including healthcare, education, food, shelter and transport !
@@robertbidochon7949 The perception of scarcity increase the toll of rent seeking on societies and this now pervades every sectors of the economy making everything harder and more expensive to do.
A not smaller car at reduced prices. That is progress.
Good grief! BYD is selling an entire car for the same price as a Tesla Powerwall but with three times the battery storage? I’d buy it just as a house battery
Which is ironic because Tesla buys their batteries from CATL and BYD.
Even Xpeng going to produce a sedan with USD10k to USD15k...going to be tough for legacy auto in China..., now already hit 48% sales of new car is EV
I like the styling better than the quirky Dolphin. Looks like an electric Hyundai i30.
Similar external dimensions to Dolphin.
I'd love one of these with the Dolphin Premium's battery/drivetrain (60Kwh battery, 150Kw/310Nm motor).
I'd even take one with the city rated battery/motor. Send it BYD.
Just wish theses cars would come to Australia.
It will come to Australia but not at that price
Always making the fuel yourself is very important no matter what alternative energy you have !
Is it available on AliExpress?
I've not actually SEEN a BYD on the road yet! It really feels like a Tsunami from BYD is about to hit us.
That depends where you are; I've started to see the occasional one here in the UK, I expect to see a lot more soon. Not so long back I was saying the same about Electric MGs and now I regularly see MG 4's and 5's (ZS's seem to be everywhere but you can't immediately tell if they are EVs unless you see the grill. However, yes, I agree. A Tsunami of BYD cars is coming wherever you are.
@leecooper8589 the number plate has a green bit on an ev, and I'm the same, haven't seen a BYD yet
That is hilarious. I live in regional QLD, Australia. I own a BYD Atto 3 and they are in good numbers where I live in Toowoomba, pop. 160,000. Not to mention Seals and Dolphins are making their appearance everywhere here as well.
Australians are VERY conservative car buyers - yet they are buying BYD cars.
I am in Singapore now. I start to see them more and more this year
@@changshu6463 I heard it takes a lot of cost to own a car in Singapore comparing to other countries.
This is competing in a market, with a very compelling product. This is what the public wants and will vote with their wallets world-wide, unless protectionist tariffs deprive the consumers.
It does not matter how much these cars would cost in Europe, because its task is to be cheaper and more affordable than ICE vehicles in the Chinese car market. If this electric car model comes to the European car market, it will be adapted to the European taste with a much bigger battery, a much more powerful motor (for example 140kW), a different software, more European name and a price a little bit lower than other cars of a similar size, and the BYD's business will go forward successfully in Europe...!!!
Good price, but that's a helluva drive from China to San francisco
01:05 - when you say that you are "working" in a car factory that's one of your main jobs...this and stroking over the car's coating with a white glove to see whether you find a particle of dust or not.
I wish they could sell them in Canada
I would buy one for my grandson, he just started collage....
What a great looking car well done.
Viking bro you should add a line about telegram scammers responding to comments as they have infiltrated your channel
Only d usual anti competition regulations will save any of these companies from BYD. Even Tesmodel 2 is in trouble. Essentially battery tech meand EVs are life size toy cars. BYD has cracked d production formula
fantastic price!
It sure is!
Hope BYD can sell this affordable car in LATAM and SE Asia. They are giving people of all income levels the opportunity to drive an EV and reduce dependency on fossil fuels.
is it going to be available in Australia if so when?
China actually dosen't have inflation. They had deflation but that was like 6 months ago. Now they're back into inflation and the inflation rate is actually not that high.
Imagine the army queuing up to get a full charge for their tanks or trucks in the field during war time.😮
Have you driven the road in the USA. It take 4.5 hours to drive in Texas .
I hope they export that car to South Africa, the current Atto 3 on offer at $35 000 is way above average selling price of $20 000 for a new car this side. Buyers aren't ready to shell $35 000 on a brand with no track record.
Beautiful City drive Car for Students, office worker city Movement Ev ,👍
So much for "EVs being expensive". The myth is now busted for good.
BYD are building in a low cost environment. China does not have an inflation problem, it has the opposite risk deflation, however price have started to rise positively lately.
Main reason is China's cheaper STEMS guys and complete supply chain compairing to other players.
I need this car in America
What is the parts supply situation going to look like, though? If I can’t drive and repair the thing twenty years from now, it’s not worth anything. Say what you will about legacy car makers, but they have that figured out at least. Not including EVs, that is. Exchanging the battery, as well as software updates and supply of the processors needed for the fancy infotainment systems, in my opinion, are not guaranteed. So keep your high tech until you solve that issue. I will not shredder my car after 5-10 years just because it is not supported anymore. You have to look at the entire lifecycle to determine how bad for the environment your choice is.
True, selling parts over and over for maintenance has been the prime profit model of ICE's. It's why BEV's to be successful have to make that profit the point of sale. They don't have as many parts that need replacing so it's not a sound profit model for them.
@@TheEvilmooseofdoom the only difference is the drive train. In many cases, it’s really just the engine. Everything else will wear down just as quickly. Or even quicker, because of the added weight. If you’re happy to not drive your car when someone breaks your side mirrors and there are no replacement parts available, good for you. Or AC compressors. Or the touch screen. It’s SO convenient to not have physical knobs and sliders anymore… until your screen breaks and there is no replacement part. If a company introduces a new model every 6 months, do you really think they have a 20 year parts programme?
Before vogwagen go electric they must produce there battery of there own..!
$12,000 in china means $30,000 in Europe etc... unless we were going to move to China ?
70% of the ev market is in china
I wonder if you can buy it in China for 12k and just have it shipped to Europe for 5k and still come out ahead? 😂
@@alhkcblack9617 Good luck getting it registered.
Price parity...no more of your western leeching on Asia.
Just fly to China, buy it, and drive home.
This car is intended for the Uber/taxi/lyft industry. For $12,000 a driver can really keep the cost down.
It's about time these EV's were comparable to ICE vehicles. Someone's got to do it. If something is too expensive, it simply sits on the shelf
1:02 'enormous gigafactory' 😂 just say factory man, don't blindly follow tesla's marketing.
It gets to the point where I can't watch a RUclips video without BYD ads😮
Personally I'd take the more expensive VW any day, given their experience of making good quality vehicles over many decades. When I buy a vehicle I generally keep it for at least 10 years so the initial expense is only one factor. Even though the BYD is a fair bit cheaper, I'd happily pay the extra to get a brand with a track record in producing reliable vehicles which last.
Do you know VW have just invested 700 million dollars for a 5% stake in Chinese ev maker Xpeng. To get access to their ev tech. VW have also invested a billion dollars to set up their ev research and development centre in Hefei China because they know where the latest ev innovations are coming from. And it's certainly not back home in Wolfsburg Germany.
Japanese cars won't suffer much in near future. In the long run, sure. Brands like Toyota, Honda, are legendary and can run on reputation alone.
Toyota is so arrogant they still have manual parking brakes in their 2024 Fortuner in SE Asia.
For $16,000 in the US people are not looking for Teslars. I'd take E2 or Seagull or Dolphin. Nothing under this price range.
Really? Wait till you see how slow they (BYD's) charge, both ( AC 6kWh max, and DC 88kWh max). Compare that to a Tesla, AC 22kWh and DC 250+kWh). This is why BTD's should be excluded from charging at Tesla SuperChargers (IMO).
Legacy Auto days are numbered.
This is what people are failing to see. With so much automation taking jobs or drastically reducing incomes people will flock to models this cheaply. And if EVs go the way TVs changed from tubes to flat the price will be reduced even further. In the U.S. they will push off for as long as possible but people go over to Mexico for meds and surgeries they will also go over for cheap cars. The tidal wave is coming by 2030 a new EV will be $5k if not before according to Toni Seba.
The information we are missing is BYD's financial strategy. Unless it's a 4 wheeled death trap, BYD is likely choosing to lose money in order to gain market share. Chinese companies are well known for having obscure finances given that the local money (not bank) is difficult to audit and account for. Some other really nice cars are made by Xiaopeng and NIO, yet they are losing bushels of money. BYD, being a conglomerate, can subsidize autos with other lines of business. Many of us are wondering if Chinese auto manufacturing is going down the path of real estate, i.e. massive meltdown coming, and maybe BYD is counting on that. No way to say, but if a Chinese EV is in anyone's future, now would be the time to buy.
or maybe the fact that BYD own almost the entire supply chain, with batteries they even own the fk MINES !!!
but of course, westoids have to COPE hard and think, NO, NO... it must be something else. 😆😆
Sam, I thought you said BYD was among the manufacturers about to go bankrupt. But in case I misunderstood, does BYD have any plans to expand into the USA, particularly California? 😎
I understand that they already have a bus and truck factory there.
They are setting up shop in Mexico..trying to sneak in the USA 😂😂
How many cars are soled in the US each year?
Sold = 16million or so in the USA, China 30 million or so +\-
Remarkable
WOW !
It reminds me of Joe Isuzu TV add in the 80: " We don't want to make money, folks. We only want to sell cars". Look at what happened to Isuzu sales network in the US? If BYD is not making money on EVs, how long can this sales model sustain?
It is analogous to old saying: " we do not make money on unit sell, but we make it up on volume". As soon as China government subsidy runs out, their foreign exports may not make up for the shortfall
If they establish a dominant position...as they have already in China...they can raise prices later.
2022年的最后一天，中国政府就已经结束了对汽车企业的激励政策，现在只是对购买电动汽车的消费者减税。
@@bearcubdaycare然而事实是，在中国市场上，目前比亚迪并没有占据绝对优势，上个月吉利汽车的销量已经超过比亚迪了，华为和理想汽车的销量也在快速提升，小米汽车也开始进入战场……这场战争并未结束😂
Good stuff Sam, as always! But how many of those lovely white shirts do you have? 🙂
Let’s see how they hold up after a Year in actual service…
There are Byd electric taxis plying the city of Shenzhen in China for the past 7 to 8 years, already clocking up hundreds of thousands of km in mileage. Without having to replace their batteries. This is Byd first generation E6 model. Shenzhen public transportation has gone 100% electric since 2017.
You really want to charge a cheap Chinese car charging at high voltage in your garage! No thanks.
Some Tesla models, Toyota and a couple of others use BYD batteries, but you're right they're cheap
Who charges at “high voltage” in their garage? Troll.
$12,000 in China, €35,000 in Europe. And BYD still haven't gotten a clue that their cars need to be cheaper than the competition to actually sell.
@@onetwothreefour-s1n Not really. The Seal sells for MORE than a Model 3, so who the hell is going to buy a Seal? The Atto 3 / Dolphin sells for MORE than MG 4 (another Chinese brand) so who the hell is going to buy a Dolphin? And so on. It wouldn't matter if BYD were an unknown brand if their vehicles were competitively priced and good vehicles. Word of mouth would spread and their brand would be established in a year or two. But they've gone about stuff in totally the wrong way and it's stymieing sales. GWM / ORA did the same thing and they're basically on life support in Europe. Not that I especially care but it just seems weird to fail at the one thing Chinese companies should be able to compete on - price. And European makers are starting to drive prices down so that window of opportunity is shrinking.
Get over yourself. BYD doesn't need your ignorant 'advice'
So probably £40,000 in the UK. 😂
wow shut up and take my money
BYD For HUMANITY
FUCK CAPITALISM
Go work in China and see how humane they are.
Have you ever thought?
I like the e2 and if that had it at $20,000 it would do well in the USA.
Everyone is so impressed with the prices. If Ford used border line slave labor, they’d be just as cheap.
I would agree with you but Ford would still charge the same price that is currently charges its customers for diluted products.
If we couldn't buy the Seagull anywhere how would we be able to buy this?
BYD just reduced the seagull in China and it’s now only $9700
I was thinking of attempting to buy Seagull in Thailand... but I can't find it for sale in any dealerships there yet.... much less this e2. Dolphin is available for about $19k USD. I like Seagull because it's smaller too... not just that it's cheap.
BYD should get smart and sell that car in the USA for $20,000. They'd pocket a lot more profit and still own the market.
Can legacy auto survive without international sales? Will the cost of producing ICE vehicles go up with lower volume of sales? I see a blood bath for legacy auto.
come on watchs those video.s the man needs more then 1 shirt and pay the dog owner off
The empty factories seem like an opportunity for European and American carmakers to open plants in China for export to poorer and developing countries, maybe even Australia and New Zealand. This gives them a bigger fig leaf than simply rebadging a Chinese make, as has been popular.
FYI, byd is popular in Australia.
I do hop3 that u don't think aussies and zealanders are developing country 😂😂
BYD come to Canada and sell for 15000 Canadian dollar I will buy 2 cars
as soon as they get payment the car falls apart
Why two? For spare parts? You will need more cars then, believe me!
Just don’t buy two cars with the same color.
Wonder if its eu roadworthy...
And the speed it will go bust😊
What a waste of a money. Instead, they could establish their own supply chain and not to demean themselves to the extent that they need to be a joint venture
Certified crash test results? Safe?
He has a video about that posted 3 days ago.
Also check out his video "Are Chinese EVs safe? Breaking down BYD Seal & Dolphin NCAP results"
@@FifthGate asking about this car in particular.
@@Gonegonegone977 Be patient. Test will be conducted soon enough.
@@lifeisgood141 not exactly stressed over this. 🤣🤣🤣
Honestly I would bring up the question that is at the for front of my mind what do they cut corners on in terms of features and what they cut corners on in terms of build quality
They cut especially in build quality.
Have you even driven a BYD car? They don't cut corners on quality, they improve on streamlining the operation and having best production efficiency.
The reason they dominate here in Asean is the fact that they are affordable and reliable. They have been on the road for more than a year. Already as ubiquitous as Toyotas.
Sam, you obviously don't have a clue about the broad picture on inflation and economic growth in China. Month to month inflation is volatile at the moment, turning from shifts of around, say, +0.7% one month to -0.7% the next. The annual inflation rate in 2023, though, was 0.2%. So, the concern is that China could fall into full blown deflation this year which would be a disaster - forget all the optimistic estimates of GDP growth if that happens.
So, what is BYD doing? They are taking the necessary steps to avoid a stall in demand and purchasing of BYD vehicles. That is what happens when deflation sets in - buyers delay purchases as the perceived value of commodities (including cars) collapse. In that situation consumers become purchase shy for any purchase that can be delayed. Food and rent payments can't be delayed but the purchase of a car can.
And why do consumers delay purchases? Because of a worrying (and widely shared) sense that soon enough there will be little enough in the bank account for food and rent let alone cars. So, consumers (or more accurately waged workers) fear losing their job or a reduction in paid working hours or a reduction in the wage rate. Why? Because that is what they see happening around them as once powerful corporations implode and close their doors and as the value of their meagre assets - apartment and car, for instance - depreciate. For young people without assets the problem is somewhat different - they simply can't afford a lot of major purchases and are in no rush to acquire depreciating automobiles or other expensive commodities.
Now, according to the latest IMF data (January 2024) the rate of surveyed unemployment in urban areas of China was around 5.2 percent in 2023. Youth unemployment shows an even more worrying trend. In June 2023, youth unemployment had risen to around 21 percent and as high as 40 percent in rural regions (or 50 percent after factoring in underemployment). So, the fears of trouble ahead are supported by what is evident all around.
Note:
(1) State funded unemployment support and support for undergraduate and postgraduate University students is extremely limited.
(2) There is a question over the accuracy of China's youth unemployment data. The government has revised these numbers down by about 6% after excluding students from the data.
What's the word with the factory in Mexico 🇲🇽
Byd come to Canada … willing to pay even double
Not sure if the CEO has a daughter or not. If not, he has nothing to worry about.
BYD will pay you to buy their car.
Canada certainly can't get permission from Uncle Sam, as this brand world be banned for spying on the US.
I love cheap cars. I only keep it during the warranty period and dump it afterwards without too much depreciation.
I think many rich Chinese are like that. They keep it around 3-5 years then sell it or give it to their offspring or relatives. Some even just 2 years. Hence, every year, there is always a demand for cars. The news about NEV cars slowing down is just BOGUS. It is meant to manipulate the stock market. 😂😂😂
@@vegamoonlight 👍I was doing this with a Chevy Metro and now I have a Chevy Aveo.
the ways you compete is you set tariffs and you don't allow BYD to come to America and only allow Americans to buy VW as there's no BYD in the country
America has a trade deal with Canada and Mexico, and BYD is mooting building a plant in Mexico. And inside the EU, for that matter.
You can't stop these progresses , especially from China ...there is no "too big to fail" company like in USA ...🤪
The new viking trend of fluffing out the last few minutes is bad.
Just end the vid when you've run out of things to say. That way your next vid comes up without a long gap with stupid music, for all of us who like to use the autoplay function
Longer vids work well for the YT algorithm...
I actually like it as I can focus on reading the comments.
U.S. dollars? So this will be sold in the U.S.?
I thought the Americans are terrified of China competitiveness, and as usual will use various reasons and tariffs to block competition. But in the meantime, they have no issue with Tesla selling cars in China. I support China blocking Tesla from their market.
Everyone in the world know what the value of something in US dollars. It is hundred of thousands of yuan in China.
I agree keep the Chinese cars in China and American cars out China
I support Luddites, I mean, where would we be without them 😊
Im not sure about their quality considering how they construct their Tofu buildings and houses😂😂😂
Watching Chinese consumers videos, I think these last about 40,000 miles and then motor bearings start going bad. Also the frame's metal is flimsy and you can bend the frame with pliars.
Proof is in the pudding . Not some Chinese videos. Have also read about Byd early E6 ev model which is used as taxis in Shenzhen. Some of them have accrued hundreds of thousands of km in mileage over the past 7 years as taxis in that city. Without having to replace their batteries . Public transportation has gone 100% electric in Shenzhen since 2017. Very easy to verify how the electric taxis and buses are doing so far.
But is this vehicle capable to getting good safety scores in both EuroNCAP and NHTSA crash testing? Is BYD willing to send one to get it tested?
Video from 3 days ago.
Also check out his video "Are Chinese EVs safe? Breaking down BYD Seal & Dolphin NCAP results"
Many Byd models already achieved a 5 star safety rating from Euro NCAP. Like Atto 3, Seal and Dolphin. Shouldn't be a problem for this model as well.
I find it dubious any manufacturer can make any car at that cost without government support
Because the government is pumping tons of funding into them off the books
Automation.
@@bubuneowoo6161 automation is very expensive
If this is a real price then it just shows how massively subsidised Chinese EV makers who cannot sell in China are dumping product in other markets in the hope of wiping out their competitors - that might be good for consumers in the short term but where will we be if they do knock out VW, Stellantis, GM, Ford etc - won't be so much price competition then ! You might keep calling them "legacy auto" but in fact they are the competition, employ a lot of people in the countries most of your viewers live in and operate in regulatory environments that, in general, prevent such predatory behaviour. The world will not be a happy place when there are, say, 2 vehicle makers both based in China. Such prices should not be celebrated.
VW probably gone anyway. They spent all their money, time and research and development on chips to fake exhaust emissions. Could have used that to develop EV technology instead. Let’s see 😢
The new byd yuan up will have the same price as e2 , but with superior quality……. I really can’t understand why byd does this…. Too many models without significant differences.
I can't see BYD selling the e2 in Australia whilst the Dolphin is here. They are too similar.
They can sell the Yuan Up (with the obligatory SUV tax applied) as it is Wider/taller than the Dolphin.
I prefer the design of the e2 over the Dolphin.
@@MrBenHaynes totally agree with you , the dolphin design is kind of weird to be honest . The good news that it will get a face lift in 2025
they do need to bring up the quality tho. most Chinese cars are a deathtrap
Yep whether they are EV or ICE chinese cars would not get past regualtions in the EU or US without major revisions
@@Wongseifu548 they somehow do . the hardest was emissions and they went around that with EV
Yet many of their models from BYD, Nio and Xpeng have achieved 5 star safety ratings from Euro NCAP. This is one reason why EU is so worried about them coming into their market. Affordable and reliable. If they are deathtraps like you said, EU wouldn't be the least concerned about Chinese evs. Why bother to investigate and threaten more tariffs? European brands are safe. No will buy Chinese. Right?
@@kamsunleong6648 one does not exclude the other. what models got 5 star euro ncap?
Looks better than the ugly dolphin. Still wouldn’t don’t buy one though.
A bit too many models. See how many ICE and Chinese EV companies will go under!
Don’t expect Trump to play fair.
Have you ever thought?
Legacy car is over.
I never had an EV and out of principle would never want to buy anything Chinese, but if a car that lasts at least several years and is cheap to run costs about 10k € soon, I have to admit it would be kind of tempting.
I'd never buy anything BYD, their buses can't handle the smalls hills in LA (Los Angeles, CA).
Plus so many of them have been either returned or parked in other places
the ID3 is not double the price, it's about 3 times that and more. In EU you can get it from 30k+, maybe China has it cheaper, but then again everything is cheaper there and we don't live there. even if this would be 20K in Western regions it would blast the competition.
I think Gigafactory implies it uses Gigapresses. Is the car built with gigapresses? They beat Tesla to the cheap mass market car then.
Time for tea brb
BYD = B urn Y our D reams
They are undisputed king of evs here in Asean.
United snakes: "I am going down, down, down."
That may be true. The field of these providers is rapidly thinning out and all of them are going bankrupt. So you will probably be right. We say: They are the one-eyed among the blind!!!!@@kamsunleong6648
Byd is for geeks.
...yeah...if you are dumb.
@@onetwothreefour-s1n no, Tesla is for dorks.
''L''-on started as king of the nerds, now is just king of the dorks.
Geeks that want to Burn Your Driveway...
For geeks? No. For asians? Sure. I see plenty of BYD's on Melbourne Australia roads, I have ever seen ONE non asian driving one. What does that tell you ? Mind you, I see a lot more asians driving Tesla's than BYDs'...
@@greghudson9717 real australians (white) buy gas... not those woke cars...
a bunch of people at work bought a 40K tesla i bought a 16k used chevy bolt, with 23k miles on it barely used with a new battery,, my payment is 343,, thir payment is 775 a month,,, i pay 1000 a month so i will pay it off sooner...
That's a good way to approach things. Buy the vehicle that fits your needs.
When you drive a China made EV, you may feel and smell communism.