The game changer here is having a government minister that actually knows something about what he’s the minister for. We haven’t had that in the west for a long time.
It's important to buy cars when interest rates and prices are low. My financial advisor also gave me the same advice. When rates and prices are low, it can save you money on financing and make the overall cost more affordable.
My financial advisor advises buying cars when interest rates and prices are low. However, he also cautions against it right now due to the hidden costs of car ownership, like insurance and maintenance. He helps me plan for these expenses and manages my portfolio to ensure financial stability. It's all about making strategic decisions and having a well-rounded financial plan.
Having a well-diversified portfolio is essential for financial success. A financial advisor can provide expert guidance, minimize risks, and offer insights on profitable investments. They bring experience and expertise, ensuring your portfolio is optimized for success. It's like having a trusted ally by your side, helping you achieve your financial goals..
@@dengueberriesthe demand is around 2 million cars per year in Brazil. BYD and GWM will start to produce locally this year, the other Chinese manufacturers will continue to import to Brasil, but the government has imposed some tariffs to import. But electric cars in Brasil aren't more than 2% of the market yet
@duducasca Tesla is also extremely expensive, literally for millionaires in Brazil. BYD on the other hand is way cheaper. Still not cheap for brazilian average income, but some people from the middle class and slightly higher classes may afford a BYD car, but never a Tesla. If you're buying a Tesla in Brazil, you will find 911 Porsches in the same price range, and we're not even talking about top models from Tesla, but the entrance ones.
this show interviewed a wrong guy, as a developer in one of top Chinese EV company, I would say the foundational reason why China can build better car software system is we hiring tons of top software engineer from Chinese IT companies(Tencent, Alibaba, bytedance), smart phone companies(xiaomi, Huawei), our develop priority is equal and even higher than mechanical development. in addition, we follow the same quality standard and logic of software development process in IT companies which is more efficient and user-friendly, but most of traditional vehicle development dominant by engineer guys, the product is quite engineer logic and functional priority, it is usable but not easy to use.
Being "surprised" is a sign of poor leadership with poor vision. Company culture can be turned around quickly if you have a leader who is not stuck in paradigm paralysis. It also takes someone who is willing to stand up to pressure and attempted influence from other entities and industries.
China is doing this on purpose. Its not only obvious its well known. The outside media truely has no idea because of chinas Wall. But if you know the right foreigners who saw the writing on the wall, watched china completely start to change (not for good) you can get honest inside info. 90+% media positive on china is literally the millions of boy accts and china shills trying to sway the western mind. But make NO mistake, china does not want to help or work with, they want to own and rule all.
It's even harder to see when the world is not changing. Electric cars are over 100 years old and hyped as the future every decade. The only thing that changed this time around is that they are marketed as luxury sportscars instead of efficient commuter transport. Only because California suddenly cares for cars and China urgently wants to dominate the world doesn't change the physics. Electric batteries are still extremely expensive with a short lifespan.
1970th and 80th, no Japanese or U.S. car maker wanted to enter Chinese market, VW agreed to come only with extremely old model and had almost monopoly of the market, made boat-load of money over the years with those old models.
Yes, they enjoyed market dominance for decades. Some of their terrible petrol cars like Tiguan L (long wheelbase)and Lavida (designed by VW and SAIC JV)are still in the best-selling passenger vehicles list.
Because China was very poor then due to illegal military invasions by British, Americans and Japanese for about 100 years before the communist liberation in 1949!!
Great documentary. I'm an expat who's been living in China for over 8 years now. It's amazing how back in 2015, VW taxis ruled. And these days, every time I take a Didi (Chinese Uber), it's always an electric car. Yes, mostly BYDs. There are so many electric cars here. It's like the future has already arrived.
well said! only a person that lives in China knows that in terms of tech the future its here. The problem is that western countries just can't accept that.
Which of these old big companies do you think would survive? I give chance to VW group, I think they adapt fairly quickly. However, Mercedes, BMW, Toyota, Ford etc. still struggling
I loved the backstory of Volkswagen's entry into China, how the minister of mechanics for this giant country just walks in without an appointment to the HQ. Now the CEO of Volkswagen would have to wait months to meet with a cadre of similar rank and would be flying to Beijing, not vice versa. Fantastic.
No, this is what happens when you share your technology with the Chinese. They have never played fair. Chinese car manufactures are also subsidized by their government, undercutting the prices where european car manufacturers can make a descent profit. Western countries never learn.
I was in China during June and July last summer, mainly traveling between Beijing, Shanghai, and Wuhan. I have counted almost every parking lot I visited and eV is about 10% of total. Chinese government is encouraging consumers to buy eVs, especially in capital cities. Traditional cars are hard to get registration in the cities aforementioned but eVs are much much easier.
I have visited my home town Shanghai this year between May and June. It looked like there were 80% EV en route, which means almost 50% private cars are EV now.
Talked to taxi drivers in China a couple of days ago, and they said the cost of operation between gas and EV is day and night difference in costs. Charging is much cheaper by more than 90% compared to traditional fuel cars and you don't have to worry about maintenance. You'd have to be a fool to not switch.
Not that I know much about the daily comings and goings of EV ownership in China, but here in Norway it's a very different story because of the cold and harsh winter conditions.
Here in Brazil Volkswagen sells only expensive and old cars with old tecnology. Volkwagen loves to put leavings of Mexico or Europe here, with price of a kidney. I hope that BYD helps Volkswagen to remember the true meaning of Vokswagen.
I live in Guangdong China, 90% of Ubers and taxis are electric, the switch happened over the last couple of years from mostly Toyota and BYD hybrids, accelerated by the gas price increase following Ukraine. VW had already lost their ride hail market share to Japanese and Chinese hybrids since the late 2010s. But now even hybrids are becoming scarce. Honda sales caved, they closed their Acura division in China recently. I wouldn't be surprised if Lexus follows, I don't see any new ones on the road. You can get a very nice large SUV here from Leapmotor for just over 20.000 Euro, currently hard to beat.
If you live in Guangdong, you should know how much we love Lexus, especially those super slow ES200 sedans. We call it "lightning on road" for sarcasm.
Ah, yes. They thought they'd save money, but they end up paying on top for (battery) repairs. This will either reverse itself soon, or BYD and the likes will actually have to start building cars that don't blow up when they bump into something. Also: working airbags would be nice.
China having a home grown car industry isn't much of a surprise. But this also doesn't mean all other car companies are doomed. I just spent 6 months driving across Europe and saw 2. That is 1-2 Chinese cars. In America I've yet to see one on the road. Korea and Japan are not places that quickly embrace Chinese things. Most emerging nations still can't afford EVs because they don't have the infrastructure to support them (charging, power grids, etc).
Not just the Germans, but most Western Automakers were warned that the more they delay in investing into R&D, the more expensive it'll be to remain competitive. Toyota and Mazda are the most infamous anti-ev players and they compromised themselves. The incompetence of executives shouldn't be defended and bailed out, like the bankers of 2008. The excuse was that there would never be any market demand for electric vehicles, or hybrids +15 years ago. That's why they all try to manipulate and lobby law makers, they're fundamentally anti-demicratic in our societies, only wanting to sell us what's most profitable for them - diesel premium SUVs. But the writing and legislation was on the wall for over a decade and now they're frantic, not just because of Tesla but because BYD and other Chinese brand have mass-adoptable/affordable EVs that Tesla isn't bothered to make...
That’s business. Old ones die, new ones take their place. Ford and GM will be history, Tesla and Rivian will take their place. One day it will happen to Tesla as well.
@@Nom_AnorVSJedi You didn't forget Aptera? I've followed the EV scene long enough to recognise the difference between sustainable innovation, and investor opportunism and an obsession for wealth. And to be honest, given that Tesla is much more of a silicon valley company and a favourite pump-dump stock than it is an EV company, it has a very tall perch to fall from and Chinese EVs will push it. Resource hungry status symbols are not going to do well in the future. A modern day Citroën 2CV would be a killer.
It's not just government support. China graduates more engineers every year than there are engineers in the US. Germany knows better than everyone what that means
I asked a friend who just came to canada recently why EV is so popular in China. He said there are 2 main reasons: First, the infrastructure. You will see a EV charging station every corner and every gas station. The other is warranty. Car has 1million km warranty. If that’s true, it solves the one big fear that most ppl have on EV…the battery!
changing a whole electric engine is mad expensive than a simple gas car repair, and batteries of lithium burning in a accident is another reason to worry
@@phantom4E2an electric motor is much more simpler and cheaper than a complex combustion engine and LFP batteries doesn’t catch fire like regular batteries.
@@lupsastta90 This is so not true. VW manufacturers in China are mostly state-owned companies, and top sellers in China, Gili, Great Wall and BYD are all privately owned companies. And do not forget, the auto manufactruer that enjoys most subsidies in China is TESLA.
First of all, loved this unbiased report. 2ndly I just want to share what I saw in China last month as I just spent 4 weeks in Chengdu /dujiangyan in sep 2023. Brands wise, I saw plenty of European brands like telsea, BMW, audi, mercs as well as americans Lincoln, ford, etc. EV wise, a lot of more than I expected. When I was on highway between chengdu to dujiangyan, I could see an EV or hybrid every 5 seconds. Of course this does not apply everywhere. Dad reckons about 20-25% of all cars in China are EV or hybrid. Chinese eV brands wise, 3 main ones, byd, nio and xpeng, but there were at least another 5 Chinese brands I have never seen or heard before. (I live in New Zealand). Also, I noticed many taxis, buses, even dumpsters were powered by eV. I saw a few Huawei cars also. In New Zealand, there is almost zero news about Chinese EV development. I guess if there was more factual reporting, then less surprises we get 😊
@@boctunes1853 awesome to hear what is it like in Canada. Nah, nz is far from it. More and more pple are buying eV here, and I feel We need more charging stations. I don't live in big cities in NZ, only about 80k population here.
I am a bit surprised about the unbiased report. DW usually tend to do a bit of a better job than BBC or CNN. In the US, Tesla is everywhere. Havent seen much of anything else. I saw few Rivian excluding Amazon van.
One of my friends who has worked for GM for ten years as an engineer moved back to China last year. He told me the tech there is developing ten times faster than here.
If Trump gets elected, it'll develop even faster compared to US because Trump is promising to kill EV in the US. Not the kind of promise one would hear from someone about to invest in research/development of next-gen EV tech. Trump's plan - tariffs and building Walls.
GM CARS FOR A LONG TIME ARE .....American management, it seems to me, thinks only of tomorrow, and builds such cars, but does not think of the long term. I have a feeling that their cars are made of cardboard, I drove Opel (made in Germany, owner is GM) for years, it used to be a serious car. Now, and years ago, it is getting thinner, cheaper, less serious. I already said, PURE ....Don't tell me that GM DOESN'T KNOW HOW TO MAKE THE BEST CAR IN THE WORLD, but they don't care, they care about making quick money.
Chinese ev policy are applicable to all car makers no matter they are foreign or local. Tesla took advantage of it and so did local brands such a BYD and Nio. But legacy brands like VW and Toyota didn’t. The market changed and the Chinese government is serious about emissions. So VW, Audi, MB is losing their foothold in the china market. Chinese emissions standard is getting stricter. ICE cars will be totally phased out in China soon.
You honestly believe the chinese ccp gave the same rules and conditions to western companies? They let tesla live, so they could learn from them. The moment they have nothing new to steal they will be dropped
Don’t forget, in order to curb the development of developing countries, Europe and the United States have set carbon emission standards. Now only China is following it to reduce carbon emissions. On the contrary, the United States and Europe have broken the rules they set themselves! It’s really a double standard!
When Nio started to sell its luxury and high quality SUV in 2018, Tesla wasn't producing in China yet. Tesla didn't help to improve China's EV supply chain, instead, it brought competition to the Chinese market, this really help the development of Chinese EV.
@@jordan-ho7gt The first generation of ES8 was for sale in Dec. 2017, I'm not sure why you call it "on paper"? Probably you never have a hand on any Nio car, so you no idea how good the materials and buikd-quality is. Tesla is never famous for its quality thought, it's famous for its innovation.
@@brian.z6592 by "on paper" he meant they had luxury car price and were marketed as such, but didn't really measure up to what a luxury car should have been.
@@xuansu9036 Teslas also sell for luxury car price and are composed entirely of cheap materials and poor build quality. Even that first gen NIO from 5 years ago had better material and build quality than current Tesla vehicles.
Big car companies have become too greedy. The cars they are selling are simply not worth the price tags. In The UK, for example, a basic BMW 320d starts at £41,440. The car is not worth that money. The market needs shaking up.
@@贩卖小猪哼唧哼唧 people in the UK have fallen for the badge. The 320 series is a basic 4 door saloon, nothing special. The engine is a 2 litre 4 cylinder diesel, which in all honesty is far from what a true BMW should have under the bonnet. They also suffer a host of issues from EGR to AdBlue, but people don't care, they just keep buying do they can drive around in a BMW.
In China, a BYD electric car, similar to Corolla, only cost $12k USD, with lifetime warranty. It cost 4 cents usd per kWh. Which mean only $4 usd to fully charge a Tesla model 3.
This video does not talk about the fundamental problem. If it is just that the software system is lagging behind, this is not a difficult problem to solve. The root of the problem is that Chinese electric vehicles are not only leading in on-board software systems, but also in optimizing batteries and power supply systems. Huawei's Hongmeng vehicle system is completely reliable for autonomous driving in many cities. In addition, the Chinese automobile market has always been relatively open. Consumers are not nationalists, but pragmatists, and will not buy poor quality domestically produced cars because of patriotism. This is very clear in the era of fuel vehicles. Good quality and powerful functions are important. It is the first choice of Chinese consumers.
How such big conglomerate such as VW Group missed over-the-air software update feature for their VW ID3 is beyond me. Taking an EV to a dealership for an update while even different brand petrol engine cars receive updates remotely. Outrageous.
I've said this would happen many years ago. It used to be that premium vehicles had premium engines, and there's a lot of cost to perfecting different drivetrains. Now that things are going to electric, everyone is limited by the technology of batteries. The batteries in a decent Chinese car won't be much different to those in a $100k electric Mercedes, or a $250k electric maserati. Last time I was in China, I saw an electric S-class being reviewed, and the reviewer was saying that people wouldn't even want it at half the price.
I wonder what luxury would be in the future? I know that until a few decades ago it was about the car being built well, probably using higher quality components. The last two decades or so it seems to be about advanced electronics or features for most luxury cars. The ev and software will and is changing some things though. For example, more features can’t be executed well if the programmers in the company aren’t good, which seems the case for traditional companies. I also think with so many features ergonomics become more noticeably important. Idk if software also limits the life cycle of new cars, I know modern cars last longer, but would new cars with all the software and electronics, especially the ev battery.
@@Peter-mj6lzthat's the thing. When I sit in a luxury car from 15 years ago, you feel the solidness and quality feel,. Today's luxury isn't about quality
@@teem5642 today's luxury is about large LED screens and gimmick functions like hand "gesture" control, door handles that come in and out of the body. You just know more things are going to go wrong, and the car will no longer feel "luxury" after a 3-4 years when new gimmicks come out.
@@DonLee1980 it's just because tesla is not a luxury car and all manufacturers that follows its approach will lose eventually, as tesla is pretty successful only in engines
Winnie-the-Pooh , is that you?! I have seen the quality of Chinese vehicles, all made of pure Chineseum...only poor people look at them, that they would never afford a western brand anyway. I have also seen the fleets of Chinese built electric vehicles rotting away in fields... poor quality and inexistent reliability is the norm...let them buy their own crappy cars!
My co-worker who is Indian Canadian was talking about a new technology China was applying for patent. He said people in Canada just close their eyes and hoping China will collapse. Haters can hate.
@@Oblivisci........surprise, china is already the largest car exporter. yes, majority is not chinese brand. but without the largest car market on the globe, how would vw earn enough money to invest in their technology?
As a person who has been involved with chinese industrial scene myself for years, it’s not surprising to see this kind of competition. Chinese industrial philosophy is based on value; which comes from our (yes, including me as an overseas chinese) culture that emphasizes on getting more for less (in turn, saving money). It’s very common to see some folks drop down their prices, followed by their competitors that raced that number to the point that their profit just stayed hairline thick, hoping that the sales numbers will overcome the lack of profit margin.
Now this concept is gradually improving, now many people have realized the importance of the brand premium, but also realize that want to increase revenue can not be unlimited price wars, which is a disaster for the industry as a whole, which has prompted more Chinese companies to start focusing on the construction of brand image.
The market share of Western companies in China has dropped significantly, which is why their investments in China have decreased. However, the Western media dare not tell the truth and spread the rumor that "China's economy is collapsing and companies are divesting their investments." The fact is: Western companies are losing the Chinese market.
This is really bad news for VW because such a large percentage of their sales used to come from China. This is a great report. This is a good drill down of the change in the marketplace.
VAG (Volkswagen, Audi, Skoda, Seat, Porsche) is in fact the only European car manufacturer building mainstream cars, that is seriously investing in EV’s. BMW, Mercedes are way too expensive and French and Italian brands are a complete laugh.
This is the same that happened in the tv industry. When flat screens came out the old TV companies went away and China took over. Same thing will happen in all areas since everything is based on technology.
German car companies move very slowly. They are old companies that have held the market for so long, they haven't been forced to innovate for a long time and developed bad habits. They're old. They're bad. They need to change.
*Executives squandered the oppertunity If Volkswagen was organised by its workers, they wouldn't be in this situation. They wouldn't've made the diesel emissions cheats in the first place
these big companies can still catchup with next generation vehicles like hydrogen powered but they probably will not due to complacency. lets see, its a competitive market.
The bigger problem with Germany is it did not produce a new company like Tesla. The US has Tesla, Google, FB, Paypal, Amazon, Apple, Nvidia all companies of the now and future ... China has all that and more like BYD, XPENG (and 50 others), Wechat, 10Cent, Tiktok, Bidou, Alibaba, SMIC, SMEE, Huawei ... Why does EU and Germany have no company of the now and future ?
Whenever there is a rising startup in europe the company owner sells the company. Happens all the time. They get offered 15 million € and they walk away with it.
I thaught the same. How is it possible that we never seen a new german car brand. A brand founded in Germany automatically has a good reputation. I think it's because the German mentality is simply not made for it. we draw attention to our old successes. there is no innovation in this country and with the current green left gouverment wont be in the future as well
Everyone saw it coming after Tesla's breakthrough in US. I guess, it was easier to squeeze the consumers rather than reinvest. I'm glad, we have competition arriving, forcing the change.
I'd prefer Chinese models because they are more diverse in use and prices. They have very small golf cart like models for grandma's dropping their kids to local school, models for woman going shopping, models that look like normal cars etc. I just worry about the local regulations and licensing in countries importing them which is what would make the difference.
There are a few points that weren't mentioned. 1. There are virtually no restriction on EV ownership, while many mega Chinese cities imposed lottery registration on ICE cars. Administrative regulations had a huge boost on EV. 2. The ultra low operation cost is a huge incentive for business, it's hard to find any ICE taxis in China now. 3. The priority of sport driving quality is quite low in Chinese consumers preferrence. Most families are still looking for cars that are big and comfy enough for family purpose. German's advantage in driving quality is less mentioned. As a sport driving enthusiast, I'd probably still stay with my VW hot hatch. But I'm also curious to see where this EV trend is gonna bring us to. I'd also prefer Chinese brand like Zeekr if I had to purchase another car for family purpose, simply because of better price value.
Is there really such a lottery registration for ICE cars? I am kind of confused as a Chinese hahaha. I did hear that we needed to lottery to buy EV cars several years ago. But I have never heard similar restrictions about ICE cars (many of my friends still use ICE, and so do taxi drivers). Or maybe there is such a restriction for ICE, but it has not influenced anyone yet...
The EV trend is going to ruin everything. They generate insane amounts of pollution, are basically disposable cars, and the rang is a joke in colder climates. And when everyone is running EVs, where do you think that governments are going to recoup the money from lost taxes on fuel? By jacking up the price of electricity.
@@hugolafhugolaf Fuel can be used to do other work, serving as essential ingredients in chemical production. Well, for the pollution, I think EVs are more eco-friendly, which gives you the chance to supplant fuel-producing electricity with electricity generated by clean energy. ICE can never offer this chance. BTW, what is the "tax for fuels"? I don't understand. If you mean the consumption tax for buyers. There are taxes for any commodity, including electricity and fuels, right?
@@dingyiyu9228 EVs are NOT eco-friendly. Do your research. Batteries are made using cobalt, which is mined by children in Africa in clandestine mines. 14 of the 17 «legitimate» mines are owned by China. To make one car battery (ONE), you need to mine 50 tons of ore, which is then transported, refined, transformed, made into a battery, transported again. Multiply that by millions of EVs, and this is a disaster of biblical proportions, not to mention being dependant on China like never before. Then, when EVs are on the road, how do you charge them? With powerplants which, Canada excluded (where I live, and where electricy is «clean» for the most part), use fossil fuels. China is building 100 coal powerplants this year alone to fill its need to recharge so-called clean EVs. Wow. That'll save the planet, right? 2 coal plants PER WEEK being built. As for taxes, a significant chunk of the price of a liter of fuel is made up of various taxes. Long story short, in Canada especially, road infrastructure is funded in large part by taxes on fuel, which are way higher than sales taxes on various goods. If everyone switched to EVs, the whole in the budget would be enormous.
@@dingyiyu9228 At least you can't get your blue plate without any charge on money or time in tier 1 cities, otherwise I would have purchased another car.
Our family was always loyal to German cars progressing from VW to Audi to Benz. We recently bought a Polo for our family in rural Anhui because it was so cheap because of overstock, but our last purchase of family car for Shanghai is a Tesla Y because it is superior to current German EVs in the China market. I have to say German, Japanese and US automakers squandered their advantage in China by not taking EV technology seriously and did not take advantage of Chinese government incentives to develop for the market. Now they accuse Chinese makers of "unfair advantage". Nonsense. Chinese worked hard to develop technology and did the heavy lifting to improve.
0:10: 🚗 Volkswagen is losing market share in China due to fierce competition and the rise of Chinese car companies. 3:43: 🚗 Volkswagen's dominance in the Chinese car market helped the company succeed but also posed risks as it became increasingly dependent on one country. 6:39: 🚗 Beijing's support and Tesla's entry led to the growth of China's EV market. 10:03: 🚗 Big car makers struggled with software and updates in their electric vehicles, while Chinese car companies were already doing remote updates. 13:04: 💰 Car prices in China are falling rapidly, leading to a decrease in market share for major car companies like Volkswagen and Japanese car makers. Recap by Tammy AI
@1:05 “The batteries are not better than the competitor’s” is the nicest way to phrase “the batteries are far worse than the competitor’s while costs 3x as much and having endless supply issues”
@@cheungchingtong Elon Musk always said that Tesla cannot assure the transition to EVs alone, obviously. So Tesla & BYD or BYD & Tesla, who cares ? Especially if both automakers are building factories in all markets.
@@didierpuzenat7280 Haha, I personally couldn't care less about what Elon Musk says, this man can says he is Chinese or Alien if that help skyrocketing his stock shares. Comment I left here was to say the old successful ones always look down at the new ones. Though I am not a fan of BYD, but technically I remember BYD actually built its first EV one year earlier than Tesla, so my theory wasn't very accurate here. As for Tesla, I think they really need to improve their building quality, some friends of mine own some Tesla models, the building quality isn't good enough considering its prices, being one of the biggest EV manufacturers, those gaps...
The 1.1 Million vehicle recall on Teslas will be fixed/has been fixed with an over-the-air software update, so it will cost virtually nothing. Maybe worth pointing this out, since in the video is comes across as a huge problem for Tesla.
Chinese brands have taken over the Russian market and top EV sales in Thailand, Brazil, Malaysia, Singapore, Australia, NZ, Israel, Costa Rica. They are expanding overseas quickly!
Also Cleantecnica US based website called Xpeng Software XPNG superior to Tesla! Next year Xiaomi is launching EVs, so is Prestige brand Hongqi! Nio volume FIREFLY also takes off, Huawei already inside AITO, AVATR(shown at IFA 23), GAC, Changan, Chery, Hiphi, Xpeng, Arcfox, Zeekr, Wuling, assaulting Europe next year!
All the car companies left Russia because Russia started the war with Ukraine. China is the only country who supports Russia. Thats why China took over Russia
the chinese market is surely nothing for people with nostalgia. I was born in Germany but was raised in Shanghai by my grandparents. Seeing all the Santanas was my childhood memory and it brought me so much joy sitting on one from Pudong airport to my families home. After covid everything feels different - all Santanas have been replaced by LOEWE or Didi. I am only 30 but damn, I feel old..
One of the main problems in my opinion is the german manufacturers relying on executives that were successful in the past instead of promoting the people with the right mindset for the future
Obviously the big German and Japanese auto makers are not losing market share because their cars lack "fun apps like karaoke". The problem is that they are a day late and a dollar short. It's one thing to arrive fashionably late, but Volkswagen is still looking for the cloak room while their competitors are already slow dancing with their chosen partner. There is just no recovering from that. They can either team up with somebody who has already established themselves, or find a niche that is not yet fully claimed, or they will go the way of the dinosaur.
VW group is actually relatively well invested in EV compared to other so-called "legacy" carmakers, and still VW is struggling to sell EVs in China. Other companies like Toyota, Honda, Citroen, Ford etc are well and truly boned in China because they don't even really have EVs for sale. At least VW can cut prices on its ID series cars to move some volume.
not completely bad, but to make it sound as though Tesla entering China was the reason for Chinese EVs quality going up, really misses the timeline. Nio, BYD and Xpeng all had their pipeline done long before Tesla opened its Shanghai factory. Of course Tesla has inspired EVs around the globe, including the German ones, but irrespective of where they were built.
For 40 years the Chinese have already paid thanks to vw for their contribution to Chinese auto industry more than vw deserves, I grew up in northern China , in my memory from late 1980s to early 2010s most local taxis in the cities were vw (joint venture with chjnese auto company), passenger cars wise, around 30% of market share at least, then it all changed, most cities s taxis now use Chinese brands, lots of byd, and many of my friends have sold their Japanese or German brands cars and buy Chinese EVs in recent years, Chinese auto makers have been actually quite active in Asia Africa, Europe and South America but in North America it will still take some time to see a Chinese brand vehicle, I guess.
"For 40 years the Chinese have already paid thanks to vw for their contribution to Chinese auto industry more than vw deserves, " ?!?!? "paid thanks"? "more than vw deserves"? I often hear from the Chinese government that China is very multi cultural and open to other cultures. Maybe I'm miss interpreting your words, but for me, I receive it as, "thank you for coming to China. We thanked you enough, more than you should have gotten. Now foreign company, leave China." You didn't use those exact words, obviously, but that's the impression I received. Maybe I'm miss understanding what you ment?
@@Leshic2first pls forgive the tone and inappropriate words used. But anyway it’s RUclips you should be open enough to capture the main idea right, not judging you😢. I can resonate with what op said to some extend, just meant that VW has enjoyed the privilege in chinas market for so long and has been literally the only choice for gov and public Trans in the past. I say for myself that VW stands for a special place in Chinese car culture and it’s always welcomed to continue the business here.
@@hrizony7847 You use the word "privilege" as well. Why do you even use the word "privilege" to describe them being in China? Why should they feel so lucky, so fortunate, feel so grateful, to be selling cars in China? It's a thought that would never come to my mind, for any foreign firm, to sell products in my country. I'm trying to understand if the word is chosen, simply because you couldn't find (or don't know) a better word to describe your thought, or maybe missunderstood it's meaning (it doesn't feel like it), or maybe it's just a different cultural view, perspective, (I'm guess this, but maybe I'm wrong), that I'm personally curious to understand better.
@@Leshic2 I mean it makes a lot of sense. US banned huawei and every chinese company so they didnt get the privelege to sell anything in a foreign country. Hence volkswagen is privleged in that sense. Huawei werent even lucky enough to be not sanctioned for existing
Is it any surprise though? For years we as viewers were watching literally many channels that document how China was focusing in EVs and how EVs are cheaper and better for the environment. I think the EU and Japan were dreaming.
One of the biggest reasons is the European affordable ($20k-$40k) EV cars are extremely not worthy and unreliable. For example, an entire Volkswagen ID lineup seems and feels rudementary as compared to BYD Song Plus, Leapmotor C11. These chinese cars are packed with cool tech, reliable, beautifully made and most importantly, has a soul. But VW ID cars seems like a joystick, just a simple vehicle that gets you from point A to point B.
How is it difficult to understand? They went to China to build cars cheaper, the Chinese learned how to build cars, now they build their own cars and no longer need European car makers. or their cars. What a shocker
35k Euros for a middle of the road electric EV while the average salary is 500 euros in Eastern Europe, and the politicians in Brussels still wonder why we don't buy EVs and we go for second hand vehicles instead... It bogles the mind...
Not only in East but also in Southern Europe too. Continuing like this, the possibility of owning a car will be not for the masses but for the upper and upper-middle class. Rental, public transportation, and rent per minute is the future for millions.
The future is not just about cars. Try a bicycle or the bus or a walkable city. Anyway, if you have an idea for a zero emission car cheap and non electric, feel free to share.
@@rutherpomaloli5722they shouldn't forget that there's plenty of demand for a luddite or minimal tech car. Look at the Mitsubishi iMiEV or VW e-UP that externalised the infotainment with the driver's smartphone - which most people do anyways. The demand comes from skepticism and fear of monitoring/spying, personal data collection, driver puritanism, and reliability through the vehicle's life. As long as there's plenty of charge ports for passengers and an audio jack, I'm not complaining.
Tesla rely on China for more than half of production, sales and batteries, whereas BYD has zero exposure to the US in neither tech nor production nor sales. It shouldn't be hard to see the implication of this asymmetry in term of geopolitical vulnerability
@@accountantthe3394 BYD has higher gross margins than Tesla and sells 2x more cars, so yeah what about bottom line? The fact that BYD can do that without any footprint in the US while Tesla heavily relies on China's good will to produce their cars isn't a good thing for Tesla you know.
In 7:10 the story behind was not that simple as you thought. That company has a bigger vision and chose to go IPO in NYC at very first. It’s in no way by control of Beijing. And in its toughest time, people believed it would fell because almost no investors wanted to buy it. The only chance the company got was from the gov of a mid scale inner land city. What I want to share is the behind story is hard. The gov also took the risk to choose the one they thought with the most potential. And to be exact, the investment was not done directly from gov but from a joint venture.
As someone living as an expat here in HZ - I can tell that the engine and batteries and steering and other things are very good. But when it comes to the suspension, ride comfort for passangers, tiny details such as safety belts, door locks, everything: there is still a way to go. However - I think for German car makers, the best is to focus on the next instead of on the hype with EV's. Look at the future of energy: that is much better. Hire people who want to change.......
@@Lee-fw3vq Exactly, if German car makers don't adapt changes now, they will just lose market share in the biggest car market in the world and lose the race. Period.
you can't tell Nokia to skip smart phone, and going all out to XR area like Apple vision pro, the technology is simply not there while EV is maturing every year.
I live in a small county in China where taxis are all electric cars, costing around 20000 US dollars. I can charge at home for 7 hours and drive about 400 kilometers, with an energy cost of only 9 US dollars. It's much cheaper than gasoline cars. Sufficient for urban residential use. And equipped with mature car infotainment systems and navigation software, the interior decoration level is almost similar to that of a $30000 gasoline car. I can't think of a reason not to buy an electric car.
just by watching the western car makers from the sidelines you can easily see that they are "talking the talk" but fighting an inertia that does not want to change. This is one reason why I applaud GM for committing Cadillac to going all electric by 2030, this forces a culture shift at the company. Presumably they have already designed their last gas car and the entire inertia of the company can move to electric. Now they need to make those commitments at all their sub brands.
German car companies have slowly tracked that paradigm shift. But first, they asked of their suppliers to do the shift for them, to supply them with solutions, not realising they need to turn into SW companies themselves. These days they no longer are mere integrators and write software, but without being SW companies still; reliant on the likes of Nvidia and Vector.
Funny thing is, Mercedes and BMW doesn't suffer like VW in China. They still sell well, because the Chinese want status cars. So maybe VW should push their status brands more in China, and use Volkwagen to experiment on designs and tech that they can use in Europe later. When China comes to Europe, they will have tech, but they lack name brands.
Some Chinese like Geely have bought brand names Lotus, Volvo, Polestar, Smart and MG(Saic), the rest are all growing, glowing because of internet, RUclips, BYD, Ora Nio Zeekr Hiphi n others gaining national TV coverage such as this one
Yes, Mercedes BMW Porsche can still use their prestigious names, but that’s the last stage of your game really. 5-7 years, you are out, the name doesn’t save you, so many historical lessons learnt from Italian brands.
Bad direction. Your argument is what VW, Kia and Hyundai are already doing that, they're trying to establish themselves as premium brands because it's the only way to achieve high and competitive profit margins and keep it at a distance from inflation. That's why there's very few affordable city cars and any examples left are more expensive than every before
The German automobile industry has unique advantages in engines and machinery, but electric vehicles do not require engines,only batteries. China's electric vehicles are smarter and lower cost, and the advantages are reflected.
They are subsidised and selling also below cost almost sure. They can not do this forever but for now it works, people are buying, the chinese state is buying, too. Everyone looks happy loosing money,but for how long?!
@@herondesign4507 China's illegal subsidies have been around since 2009, renewed/extended every 3-4 years. The last one ended on Jan 1, 2023 and extended In June.
The reason why Volkswagen is facing challenges in China is that its rivals are not traditional Chinese automobile companies. The new generation of EV Chinese automobile manufacturing companies are all from semiconductor, mobile phone and home appliance companies. These companies have a better understanding of users' needs for cars under the same technology and are more active in using configuration and design to impress users. Rather than changing the look and putting up a sign and asking people to pay for it, the new generation of Chinese consumers is more discerning and more focused on innovation and the Internet, which the German and Japanese cars are incomprehensibly bad at
I don’t see any price cuts? VW is selling the new Tiguan around 50K in Ireland which is mad. It’s not the only brand doing this tho. An OK Nissan QQ is over 40K. Same for Renault, Peugeot etc.
I'm just a normal guy I saw this happening a long time ago 😢 how was it possible after watching Tesla be born and the world leader doesn't take action. They thought they were unbeatable specially the Germans they thought the luxury and median class were not in danger 😅😅 I'm 44 and for what I see unfortunately EU is a lost project. Too old , too slow, too many rules and regulations lost his place in the modern world. Middle east, USA, Canada, Mexico and India are blooming
I think it's due to the demographics. Old farts afraid of change, afraid to pivot, just hold onto their wealth and processes, even restricting younger generation.
If vw is cutting prices to 13500$ in china to fight with conpetition. Then i cannot wait until chinese companies will Enter EU market with full swing. I hope i will see 15k$ price for vw also in germany
@@matthewbaynham6286 i don not understand connection of legal rights and prices. With Logic you mnetioned does it mean that chinese consumers do not have legal right hence they have much lower prices? I can give up my consumer rights if vw will axe their prices by 60%
@@piotrsobczak2866 Not sure where the legal rights thing came from but the EU has accused China of heavily subsidizing it's EV industry and is looking at imposing tariffs. It will up the cost of Chinese imports considerably.
It’s amusing how international media community are often “surprised” by the “sudden” emergence of Chinese car makers. It goes to show how little they know about how the Chinese market and industry have developed over the past few decades. BYD’s founder while I’ve met at an event have really dreamt of making cars very early in his career, and began to diversify into the field as soon as the battery business was a success. Their early cars however were weird knockoffs of Toyota models that were anything but attractive or reliable. Yet they continued the effort relentlessly for more than two decades until today. There was also close to a decade of highly controversial market policies that favored EV sells in major cities since the mid-2010s in conjunction with congestion mitigating schemes and environmental policies, as well as tremendous public sector investment in R&D. Chinese buys are sometimes semi-forced to opt for EVs at a time when these products are far from mature. But those factors drove the scaling of the industry, allowing it to learn quickly from mistakes and improve. For the Chinese it’s a generation of hard work finally starting to pay off, for the Europeans it’s all too “sudden”.
Huge automakers like VW, Toyota, GM, etc have dominated the world market for too long and it is natural that they lack the incentive to start over a totally new type of automobile (EV) that would eventually strangle their own cash cow (the fuel combustion autos). And the management has the illusion that no new players (EV car makers) could simply emerge without warnings and all the top management needs to do for now is to keep the profit high and stock price high so that they may get high remuneration before moving to a higher position or retire. But things just changed so quickly before they even know how to react; in a matter of three or four years, their competitors came out of nowhere (actually from within China) and began to take the largest auto market in this world by storm - mainland China (accounts for 1/3 of world new car sales annually, and Chinese brands has around 60% of the market share and still is fast increasing). Car-making in China (and probably in the world) has never been so easy in human history that a newly established EV brand can deliver their first car within a mere calendar year (cars are actually done by OEM factories in China). Total car manufacturing capability has reached a jaw-dropping 50,000,000 units so far in China (and the capability can be expanded exponentially in several quarters of a year if needed). To make the situation worse, the export of Chinese-branded autos made in China to the rest of world has increased four-fold since 2020 ( a mere three years back from today) and China is set to surpass Japan as the largest auto exporter of the year in 2023 with a whopping 4,000,000 units. The stronghold (Latin America, Eastern Europe, Africa and the Middle East) of tradtional major players has been encroached by their ferocious Chinese rivals. The real game has just begun.
VW ID3 in China starts from €15,800 and in Germany from €39,800 WAF‼? must be joking. But hey, cars have never been worth the price, especially premium ones. By paying a lot, too much, for the car mainly you paid for the comfortable life of the German engineer and the entire management, who also caused the diesel scandal. For these reasons alone, I will never buy a German car.
Another information for you: Toyota Corollar start price 12000 USD in China, and start price 23000 in US, almost doubled. Is this because Toyota like Chinese more than Americans? Of couse not, it's because competition.
I do wonder why a company like Nissan didn't develop its early advantage with the Nissan Leaf. I think partly that their integration with Renault in an even bigger, less dynamic company has held them back massively. What happened to the innovation culture that produced the Leaf in the first place?
@@mnlnl65091 They were one of the first Asians on global best programmers. Japan’s tricky situation so all you can say is that their development is kinda stalled.
The big automakers wanted cheap production at the expense of giving away R&D. They are now screwed; karma!.. Great video BTW. Excellent journalism, editing and presentation. I REALLY enjoyed this video.
@@CyclingSteve Karaoke is definiteby dangerous... at full speed on an autobahn. At 30 km/h in a traffic jam with the autopilot on, not so sure. And you do not even need traffic jams, I live in France and the whole city is limited to 30 km/h, so I am more interested by an easy way to choose a podcast than the top speed of my car. So I am not surprise a bad UI killed the ID3.
Same thing is happening in India as well. Some of the European and American car manufacturers had to pack up. Japanese, Korean and Indian car manufacturers are doing fine.
It is a totally different ball game in India. Their demands and tastes are different. Their influence in the markets will be much more recognizable soon though, because of their market size and production strengths.
All they had to do was replace the engine first. Throw out the gas and use batteries. However, by completely replacing knobs / buttons with a tablet and tying to their EVs, they’re just shooting themselves in the foot. Or atleast just use a mobile app instead of custom software
But what VW has done is take a 35k car, don't add an engine, add 30ks worth of motors and asked for 75k for it, economically that didn't stack up because of greed.
This is the best thing to happen to people around world. No more over paying for a normal car. This is something we should be celebrating rather than disappointing. Good for the capitalist corporations might not be a good thing for the consumers. China is playing fair games by offering a good product with a very good price. What more can you ask?
When even cars become affordable to more consumers, (without polluting the air in our cities and living areas), why not let this happen? Let the ones who can help to make this happen do it. Finding the ways to stifle this development (of better technology and lower prices) is not beneficial to the human world.
I hope that in the near future, I will not need to own a personal vehicle at all, but can subscribe to an economical, on-demand robo-taxi service. Whenever I want to ride somewhere, I should be able to open an app on my phone and call for a Tesla somewhere in the neighborhood to come by and pick me up. Also, with more people having this service, the need for large parking lots in cities will be much, much less. The car company that makes this vision into reality will be the big winner.
In theory, it can already be achieved in China. Huawei's smart car can completely go to a certain place to pick you up on its own, and you only need to send a command using your phone. But currently, the law does not allow！
Unfortunately for VW, they are going the way Nokia and Blackberry went when Apple launched the iPhone. They were stubborn to accept the disruption and by the time they tried to follow suit, it was too late. Apple had bee joined by Samsung and the Taiwanese phone makers with touchscreen phones and Android ecosystem competing with Apples fully intrgrated money printing machine. Irony is Nokia could have become at least for a period the strongest competitor for Apple had they adopted Android. Instead they stubbornly used their own inferior SW and then later windows....and failed.
Which is why the passenger EV market in India is tiny and insignificant currently, and Indian EVs from Tata or Mahindra are nowhere close to being competitive against the EVs made by Chinese and western carmakers. It will take decades for Indian EV makers to catch up in this sector.
@@tren133 India's approach is that it will always cry in its own small circle. The United States has dealt such a serious blow to Chinese chips, and China continues to let Tesla become bigger and stronger in China. It is not tolerant and can only go backwards.
I see a LOT of glowing reviews for Chinese cars (mostly BYD) on RUclips. Now Chinese car exports are exploding. Should Japan and Germany not play their cards right, they risk getting replaced.
They had their chance 10 years ago. They all had electric and plug-in hybrid concepts and working concepts back then and squandered them for diesel. Toyota and Mazda was too busy spouting BS how there'll be no market demand for EVs, even if they were forced to produce compliance electric cars for California They made their bed, now they must lie in it. But I by they'll hold workers hostage who had no say in poor sighted executive decisions
But how do these cars hold up after some years use , how safe are the crash tests and more important , will they continue to let have access to western markets as they are state financed ?
Tesla, BYD, NIO, Xpeng are all out to develop EV. Whereas, traditional big auto players are jealous of their own success in ICE. They are allocating very little resources to build an innovative EV. Furthermore, consumers are switching to environmental friendly and cost savings EV.
Most countries are pretty protective of their auto manufacturers. The EU has already signaled possible tariffs on Chinese car manufacturers due to heavy state subsidies.
@@TimothyCHenderson That's the Rule Based Order looks like i guess! Chinese aren’t giving more subsidies than the western ones. Yet here we are....Once Western were competitive they seeked Open market, now they are the looking for protectionism 😢
@@tarakhossain9320What goes around comes around. Chinese thieves set all kinds of restrictions and rules in place to prevent western companies from flourishing in China. Now China wants unrestricted access to western markets and they should be denied. Western countries are more than capable of putting in tarrifs and quotas and requiring tech transfer to western companies as part of the terms for access to western markets. Just like China did.
Tesla started with the price war thinking they can do well. They have the highest profit margin. I think that probably hurt the none Chinese car manufacturer more like VW.
@@Tabula_Rasa1 BYD has the highest gross profit since they make everything from batteries to chips themselves, e.g. when BYD auto buys from their battery division, either their auto division make the profit or their battery division make the profit. Tesla only make cars and have to trasnfer profit to Chinese suppliers, which makes it much harder for them to sustain profit than BYD. Case in point, Tesla's price war had zero impact on BYD's profit which exploded this year.
Oh no poor Volkswagen having to sell their cars at cheaper prices 😢
Lol😂😂😂😂
Greed!!!!
Yes, poor Germany. Having to take a haircut on price. The Germans were warned tho, took no notice.
Poor Volkswagen *executives and shareholders
@@BrokenHill56Executives were warned. The Germans, the workers are being left vulnerable to their decisions
Yes, mf I'm broke
The game changer here is having a government minister that actually knows something about what he’s the minister for. We haven’t had that in the west for a long time.
They're busy winning votes for the next election.
It's important to buy cars when interest rates and prices are low. My financial advisor also gave me the same advice. When rates and prices are low, it can save you money on financing and make the overall cost more affordable.
My financial advisor advises buying cars when interest rates and prices are low. However, he also cautions against it right now due to the hidden costs of car ownership, like insurance and maintenance. He helps me plan for these expenses and manages my portfolio to ensure financial stability. It's all about making strategic decisions and having a well-rounded financial plan.
Her Excellency Germany Chancellor was one.
Having a well-diversified portfolio is essential for financial success. A financial advisor can provide expert guidance, minimize risks, and offer insights on profitable investments. They bring experience and expertise, ensuring your portfolio is optimized for success. It's like having a trusted ally by your side, helping you achieve your financial goals..
In Brazil, BYD and GWM are selling more and more with their more technological and cheaper models than conventional automakers.
Good to hear and hope you guys enjoy these new choices
What's the general demand like? Are there any competitors arising? XPeng?
@@dengueberriesthe demand is around 2 million cars per year in Brazil. BYD and GWM will start to produce locally this year, the other Chinese manufacturers will continue to import to Brasil, but the government has imposed some tariffs to import. But electric cars in Brasil aren't more than 2% of the market yet
Demand for BYD has been rising for most asian countries as well.
@duducasca Tesla is also extremely expensive, literally for millionaires in Brazil. BYD on the other hand is way cheaper. Still not cheap for brazilian average income, but some people from the middle class and slightly higher classes may afford a BYD car, but never a Tesla.
If you're buying a Tesla in Brazil, you will find 911 Porsches in the same price range, and we're not even talking about top models from Tesla, but the entrance ones.
this show interviewed a wrong guy, as a developer in one of top Chinese EV company, I would say the foundational reason why China can build better car software system is we hiring tons of top software engineer from Chinese IT companies(Tencent, Alibaba, bytedance), smart phone companies(xiaomi, Huawei), our develop priority is equal and even higher than mechanical development. in addition, we follow the same quality standard and logic of software development process in IT companies which is more efficient and user-friendly, but most of traditional vehicle development dominant by engineer guys, the product is quite engineer logic and functional priority, it is usable but not easy to use.
删除吧，让他们继续睡不是更好吗，我们赢了吗？骄傲啥？要证明啥？ 我们是谦虚谨慎的民族，我们还没赢😅😅
@@aab7472不，我现在已经看到评论了。
这是产品理念的问题，老牌汽车公司，包括中国的，仍然把电动车当做用电驱动的汽车。但中国的新公司，把电动车当做有四个轮子的电子产品。这里有个问题：更新迭代频率。
@@aab7472 没必要删，这个模式国外复制不了的，国内毕业生的体量，质量和价格，是国外没法复制的。可以再分享个事，前几年国内车机系统设计，会大量参考国外车企的成熟产品，再针对性的改进和本地化。但是现在，基本是我们自己人和自己人玩，车机智能化这一块国外车企已经没有能打的了。
@@EveryBreath-y2x 其实也是资源分配问题，产品要有差异化才能有市场，得把现有资源集中在传统车企不擅长的领域。同时也得感谢汽车电动化趋势，把传统车企的内燃机优势抹平了，你丰田发动机热效率再高，电动时代你也得同一起跑线和我一起卷。
Being "surprised" is a sign of poor leadership with poor vision. Company culture can be turned around quickly if you have a leader who is not stuck in paradigm paralysis. It also takes someone who is willing to stand up to pressure and attempted influence from other entities and industries.
You mean arrogance and lack of vision plus cheap oil and gas. This will not move things up.
China is doing this on purpose. Its not only obvious its well known. The outside media truely has no idea because of chinas Wall. But if you know the right foreigners who saw the writing on the wall, watched china completely start to change (not for good) you can get honest inside info. 90+% media positive on china is literally the millions of boy accts and china shills trying to sway the western mind. But make NO mistake, china does not want to help or work with, they want to own and rule all.
我接触的德国人没有信仰，很官僚，没有骨气，安于现状。@@MKSense1
it just hindsight bias, is easy when you see its already wrong
its hard to see when it changes especially in good times
It's even harder to see when the world is not changing. Electric cars are over 100 years old and hyped as the future every decade. The only thing that changed this time around is that they are marketed as luxury sportscars instead of efficient commuter transport. Only because California suddenly cares for cars and China urgently wants to dominate the world doesn't change the physics. Electric batteries are still extremely expensive with a short lifespan.
1970th and 80th, no Japanese or U.S. car maker wanted to enter Chinese market, VW agreed to come only with extremely old model and had almost monopoly of the market, made boat-load of money over the years with those old models.
Yes, they enjoyed market dominance for decades. Some of their terrible petrol cars like Tiguan L (long wheelbase)and Lavida (designed by VW and SAIC JV)are still in the best-selling passenger vehicles list.
@@leanliferYou need to update your list these cars are selling badly now
Because China was very poor then due to illegal military invasions by British, Americans and Japanese for about 100 years before the communist liberation in 1949!!
I am from China. Now everyone knows how big Chinese market is.
Yep now their luck has run out
Great documentary. I'm an expat who's been living in China for over 8 years now. It's amazing how back in 2015, VW taxis ruled. And these days, every time I take a Didi (Chinese Uber), it's always an electric car. Yes, mostly BYDs. There are so many electric cars here. It's like the future has already arrived.
Ryan, you are the worst..
ev's are future? hmm, we will have horses again soon
Just THINK about all the surveillance possibilities available to a democracy-crushing, sabre-rattling, paranoid criminal Autocracy!
YAAAAAAAY TEAM!👺🤗👹
well said! only a person that lives in China knows that in terms of tech the future its here. The problem is that western countries just can't accept that.
@@joerosen5464
paranoid criminal Autocracy, sounds just like the world bully, USA colonial regime.
Remember Nokia, Ericsson, Motorola, and Blackberry, the same will happen with a lot of car manufacturers.
👍
With EV, I’m still skeptical.
@@maninscrubdallas8694 Write yourself a calendar event. Check this comment at 2026 and 2030 and you will see
@@maninscrubdallas8694 as were the folks in Nokia, Ericsson, Motorola and Blackberry.
Which of these old big companies do you think would survive? I give chance to VW group, I think they adapt fairly quickly. However, Mercedes, BMW, Toyota, Ford etc. still struggling
I loved the backstory of Volkswagen's entry into China, how the minister of mechanics for this giant country just walks in without an appointment to the HQ. Now the CEO of Volkswagen would have to wait months to meet with a cadre of similar rank and would be flying to Beijing, not vice versa. Fantastic.
Lies again? Grab CDG FNB Money
china bot detected, we dgaf there is rest of world, and vw sucks anyways
选择多…
@@SERGIO-cr6uyWOKESVAGON
it´s VolksWAGEN. E, not O
This is what happens when traditional companies does not adapt to changing preferences.
and forget their traditional philosophies.
China is making the future REAL.
Like Nokia, these will gone in future
No, this is what happens when you share your technology with the Chinese. They have never played fair. Chinese car manufactures are also subsidized by their government, undercutting the prices where european car manufacturers can make a descent profit. Western countries never learn.
oh how convenient! either way enjoy your defeat.@@yorkieandi
I was in China during June and July last summer, mainly traveling between Beijing, Shanghai, and Wuhan. I have counted almost every parking lot I visited and eV is about 10% of total. Chinese government is encouraging consumers to buy eVs, especially in capital cities. Traditional cars are hard to get registration in the cities aforementioned but eVs are much much easier.
There are more EVs on the streets than parking lots. Most of the operating city buses and ride-sharing cars are electric in China.
it si deff nore then 10%...really need to come again to China
@@havencat9337 Yeah I cant speak for the country as a whole but here in Shanghai, it appears to easily be 33% or more.
I have visited my home town Shanghai this year between May and June. It looked like there were 80% EV en route, which means almost 50% private cars are EV now.
In Shanghai you'll have to pay about 100k yuan to get your traditional car a plate, but if you bought an EV car then you could get a plate for free.
Talked to taxi drivers in China a couple of days ago, and they said the cost of operation between gas and EV is day and night difference in costs. Charging is much cheaper by more than 90% compared to traditional fuel cars and you don't have to worry about maintenance. You'd have to be a fool to not switch.
Not that I know much about the daily comings and goings of EV ownership in China, but here in Norway it's a very different story because of the cold and harsh winter conditions.
@@Shercko我们在尽力解决这个问题，现在充电速度已经提升到15分钟400公里。接下来就是提升电车在冬天的耐用性了。
And then this lunar new year EV owners in China were crying as they got stranded on the highways.. Some had to push their car 20km
@@vueport99 少听谣言
Lol cia bot / sheep everywhere
Here in Brazil Volkswagen sells only expensive and old cars with old tecnology. Volkwagen loves to put leavings of Mexico or Europe here, with price of a kidney. I hope that BYD helps Volkswagen to remember the true meaning of Vokswagen.
I live in Guangdong China, 90% of Ubers and taxis are electric, the switch happened over the last couple of years from mostly Toyota and BYD hybrids, accelerated by the gas price increase following Ukraine. VW had already lost their ride hail market share to Japanese and Chinese hybrids since the late 2010s. But now even hybrids are becoming scarce. Honda sales caved, they closed their Acura division in China recently. I wouldn't be surprised if Lexus follows, I don't see any new ones on the road. You can get a very nice large SUV here from Leapmotor for just over 20.000 Euro, currently hard to beat.
If you live in Guangdong, you should know how much we love Lexus, especially those super slow ES200 sedans. We call it "lightning on road" for sarcasm.
Never heard of such thing in Shanghai. Lexus just quietly vanished.@@leanlifer
@@leanlifer 油门踩到机舱里，百公里加速也要12秒的神车
Ah, yes. They thought they'd save money, but they end up paying on top for (battery) repairs. This will either reverse itself soon, or BYD and the likes will actually have to start building cars that don't blow up when they bump into something. Also: working airbags would be nice.
China having a home grown car industry isn't much of a surprise.
But this also doesn't mean all other car companies are doomed.
I just spent 6 months driving across Europe and saw 2. That is 1-2 Chinese cars.
In America I've yet to see one on the road.
Korea and Japan are not places that quickly embrace Chinese things.
Most emerging nations still can't afford EVs because they don't have the infrastructure to support them (charging, power grids, etc).
Not just the Germans, but most Western Automakers were warned that the more they delay in investing into R&D, the more expensive it'll be to remain competitive. Toyota and Mazda are the most infamous anti-ev players and they compromised themselves.
The incompetence of executives shouldn't be defended and bailed out, like the bankers of 2008.
The excuse was that there would never be any market demand for electric vehicles, or hybrids +15 years ago. That's why they all try to manipulate and lobby law makers, they're fundamentally anti-demicratic in our societies, only wanting to sell us what's most profitable for them - diesel premium SUVs.
But the writing and legislation was on the wall for over a decade and now they're frantic, not just because of Tesla but because BYD and other Chinese brand have mass-adoptable/affordable EVs that Tesla isn't bothered to make...
That’s business. Old ones die, new ones take their place. Ford and GM will be history, Tesla and Rivian will take their place. One day it will happen to Tesla as well.
@@Nom_AnorVSJedi
You didn't forget Aptera?
I've followed the EV scene long enough to recognise the difference between sustainable innovation, and investor opportunism and an obsession for wealth. And to be honest, given that Tesla is much more of a silicon valley company and a favourite pump-dump stock than it is an EV company, it has a very tall perch to fall from and Chinese EVs will push it.
Resource hungry status symbols are not going to do well in the future. A modern day Citroën 2CV would be a killer.
@@Nom_AnorVSJedi is it also business for the old ones to lobby (bribe) your government to delay human innovation?
@@holycow343check out Who Killed The Electric car.
Two faced, back stabbing politics against EVs of the 90s/2000s.
they were given plenty of advance warning, but none took the advice seriously.
It's not just government support. China graduates more engineers every year than there are engineers in the US. Germany knows better than everyone what that means
another big difference is that the Germans and Chinese don't blatantly despise their own consumers and employees
It is an incentive for the west to 'eliminate' chinese engineers... expect the worst from the west.
Is this true
don't forget EVs are made for people, without people support, government support mean nothing.
I asked a friend who just came to canada recently why EV is so popular in China. He said there are 2 main reasons: First, the infrastructure. You will see a EV charging station every corner and every gas station. The other is warranty. Car has 1million km warranty. If that’s true, it solves the one big fear that most ppl have on EV…the battery!
changing a whole electric engine is mad expensive than a simple gas car repair, and batteries of lithium burning in a accident is another reason to worry
@@phantom4E2an electric motor is much more simpler and cheaper than a complex combustion engine and LFP batteries doesn’t catch fire like regular batteries.
@@phantom4E2 Fun fact: there are mo combustion engines catching fire more each year than an EVs, even when taking into consideration of proportions
It's "popular" because the ccp fabricates everything, not because it's actually popular or that the government cares.
Often an EV is the first car a Chinese family as ever owned so they are not "switching" away from ICE
BYD Chairman Wang Chuanfu once said， Chinese car market is not about big fish eating small fish, but about fast fish eating slow fish。
It’s more about fish that gets government subsidies eating fish that don’t get government subsidies
@@lupsastta90 All car companies are provided subsidies in china including western car makers! but you want to spread misinformation so you do you.
So cool
@@lupsastta90 This is so not true. VW manufacturers in China are mostly state-owned companies, and top sellers in China, Gili, Great Wall and BYD are all privately owned companies. And do not forget, the auto manufactruer that enjoys most subsidies in China is TESLA.
Its about fish steal technology from productive fish and get government subsidizing.
First of all, loved this unbiased report. 2ndly I just want to share what I saw in China last month as I just spent 4 weeks in Chengdu /dujiangyan in sep 2023. Brands wise, I saw plenty of European brands like telsea, BMW, audi, mercs as well as americans Lincoln, ford, etc. EV wise, a lot of more than I expected. When I was on highway between chengdu to dujiangyan, I could see an EV or hybrid every 5 seconds. Of course this does not apply everywhere. Dad reckons about 20-25% of all cars in China are EV or hybrid. Chinese eV brands wise, 3 main ones, byd, nio and xpeng, but there were at least another 5 Chinese brands I have never seen or heard before. (I live in New Zealand). Also, I noticed many taxis, buses, even dumpsters were powered by eV. I saw a few Huawei cars also. In New Zealand, there is almost zero news about Chinese EV development. I guess if there was more factual reporting, then less surprises we get 😊
Yes, we're all coloured with envy here in Europe
@@boctunes1853 awesome to hear what is it like in Canada. Nah, nz is far from it. More and more pple are buying eV here, and I feel
We need more charging stations. I don't live in big cities in NZ, only about 80k population here.
Correction, Chinese cars are entering NZ. Most of us are just waiting for prices to drop.
I am a bit surprised about the unbiased report. DW usually tend to do a bit of a better job than BBC or CNN. In the US, Tesla is everywhere. Havent seen much of anything else. I saw few Rivian excluding Amazon van.
New Zealand is a backwater. And white media obviously do not bother with reporting facts
One of my friends who has worked for GM for ten years as an engineer moved back to China last year. He told me the tech there is developing ten times faster than here.
If Trump gets elected, it'll develop even faster compared to US because Trump is promising to kill EV in the US. Not the kind of promise one would hear from someone about to invest in research/development of next-gen EV tech. Trump's plan - tariffs and building Walls.
GM CARS FOR A LONG TIME ARE .....American management, it seems to me, thinks only of tomorrow, and builds such cars, but does not think of the long term. I have a feeling that their cars are made of cardboard, I drove Opel (made in Germany, owner is GM) for years, it used to be a serious car. Now, and years ago, it is getting thinner, cheaper, less serious. I already said, PURE ....Don't tell me that GM DOESN'T KNOW HOW TO MAKE THE BEST CAR IN THE WORLD, but they don't care, they care about making quick money.
Well gm is trash
Chinese ev policy are applicable to all car makers no matter they are foreign or local. Tesla took advantage of it and so did local brands such a BYD and Nio. But legacy brands like VW and Toyota didn’t. The market changed and the Chinese government is serious about emissions. So VW, Audi, MB is losing their foothold in the china market. Chinese emissions standard is getting stricter. ICE cars will be totally phased out in China soon.
this is not true.
Exactly, BEVs made by tesla, VW, Toyota, or other foreign brands can also get government subsidies.
You honestly believe the chinese ccp gave the same rules and conditions to western companies? They let tesla live, so they could learn from them. The moment they have nothing new to steal they will be dropped
Don’t forget, in order to curb the development of developing countries, Europe and the United States have set carbon emission standards. Now only China is following it to reduce carbon emissions. On the contrary, the United States and Europe have broken the rules they set themselves! It’s really a double standard!
@@_F_Y_arrogant and fool
When Nio started to sell its luxury and high quality SUV in 2018, Tesla wasn't producing in China yet. Tesla didn't help to improve China's EV supply chain, instead, it brought competition to the Chinese market, this really help the development of Chinese EV.
Exactly, the midget reporter rewriting history.
NIO 2018 standards were terrible, the vehicle was only luxury on paper, they were just expensive but still cheap in quality
@@jordan-ho7gt The first generation of ES8 was for sale in Dec. 2017, I'm not sure why you call it "on paper"? Probably you never have a hand on any Nio car, so you no idea how good the materials and buikd-quality is. Tesla is never famous for its quality thought, it's famous for its innovation.
@@brian.z6592 by "on paper" he meant they had luxury car price and were marketed as such, but didn't really measure up to what a luxury car should have been.
@@xuansu9036 Teslas also sell for luxury car price and are composed entirely of cheap materials and poor build quality. Even that first gen NIO from 5 years ago had better material and build quality than current Tesla vehicles.
Big car companies have become too greedy. The cars they are selling are simply not worth the price tags. In The UK, for example, a basic BMW 320d starts at £41,440. The car is not worth that money. The market needs shaking up.
￡41440?320d starts for ￡25978 in China😂
@@贩卖小猪哼唧哼唧 people in the UK have fallen for the badge. The 320 series is a basic 4 door saloon, nothing special. The engine is a 2 litre 4 cylinder diesel, which in all honesty is far from what a true BMW should have under the bonnet. They also suffer a host of issues from EGR to AdBlue, but people don't care, they just keep buying do they can drive around in a BMW.
In China, a BYD electric car, similar to Corolla, only cost $12k USD, with lifetime warranty. It cost 4 cents usd per kWh. Which mean only $4 usd to fully charge a Tesla model 3.
not so cheap. About 7cents to 25 cents depending on the time and service provider
@@shawnyu4862 Still cheaper than petrol!
This video does not talk about the fundamental problem. If it is just that the software system is lagging behind, this is not a difficult problem to solve. The root of the problem is that Chinese electric vehicles are not only leading in on-board software systems, but also in optimizing batteries and power supply systems. Huawei's Hongmeng vehicle system is completely reliable for autonomous driving in many cities. In addition, the Chinese automobile market has always been relatively open. Consumers are not nationalists, but pragmatists, and will not buy poor quality domestically produced cars because of patriotism. This is very clear in the era of fuel vehicles. Good quality and powerful functions are important. It is the first choice of Chinese consumers.
Watch china insider to see how good chines electric cars are
Well, what’s more fundamental to me is the reliance on the Chinese market…
No China is a communist country without the free market. people have to listen what their government allow them to buy.
老外的视频别期望太高了 还不是汽车行业专业记者 刀片电池 轮毂电机 各种NOA智能驾驶 都没提到 简单归因政府支持和software 不尴尬吗？行吧 没事 让他们继续装傻就好了
@@jntiger1981 ok prove it . Waiting
How such big conglomerate such as VW Group missed over-the-air software update feature for their VW ID3 is beyond me. Taking an EV to a dealership for an update while even different brand petrol engine cars receive updates remotely. Outrageous.
I've said this would happen many years ago. It used to be that premium vehicles had premium engines, and there's a lot of cost to perfecting different drivetrains. Now that things are going to electric, everyone is limited by the technology of batteries. The batteries in a decent Chinese car won't be much different to those in a $100k electric Mercedes, or a $250k electric maserati. Last time I was in China, I saw an electric S-class being reviewed, and the reviewer was saying that people wouldn't even want it at half the price.
I wonder what luxury would be in the future? I know that until a few decades ago it was about the car being built well, probably using higher quality components. The last two decades or so it seems to be about advanced electronics or features for most luxury cars. The ev and software will and is changing some things though. For example, more features can’t be executed well if the programmers in the company aren’t good, which seems the case for traditional companies. I also think with so many features ergonomics become more noticeably important. Idk if software also limits the life cycle of new cars, I know modern cars last longer, but would new cars with all the software and electronics, especially the ev battery.
@@Peter-mj6lzthat's the thing. When I sit in a luxury car from 15 years ago, you feel the solidness and quality feel,. Today's luxury isn't about quality
@@teem5642 today's luxury is about large LED screens and gimmick functions like hand "gesture" control, door handles that come in and out of the body. You just know more things are going to go wrong, and the car will no longer feel "luxury" after a 3-4 years when new gimmicks come out.
@@DonLee1980 it's just because tesla is not a luxury car and all manufacturers that follows its approach will lose eventually, as tesla is pretty successful only in engines
Winnie-the-Pooh , is that you?! I have seen the quality of Chinese vehicles, all made of pure Chineseum...only poor people look at them, that they would never afford a western brand anyway. I have also seen the fleets of Chinese built electric vehicles rotting away in fields... poor quality and inexistent reliability is the norm...let them buy their own crappy cars!
My co-worker who is Indian Canadian was talking about a new technology China was applying for patent. He said people in Canada just close their eyes and hoping China will collapse. Haters can hate.
Don’t think it’s just hating but rather Chinese (backed by CCp) buying all houses and no one can afford it
Understood, those elites have 99% of wealth and resources of the country.
@@GreatTaiwan lol dude we are talking ab technologies here n ur tiny little frog brain is full of CCP.....hahaha TW has no future.
@@GreatTaiwanChina is being ruled by CCP in all its meaning. Nobody can change it in near futute, even if you are a great hater of China.
@@janardhananvaliaveettil791这有什么问题吗？我甚至还能说美国正在被那两个政党给独裁，他们营造出虚假的民主，结果只是让民众二选一😂
So its Chinas fault for being able to determine future technologies? Its Chinas fault for being able to plan ahead that gave them edge?
According to the US, Yes!
😂 nobody is buying Chinese cars besides the Chinese 😂
@@Oblivisci........according to USA and West puppets
@@Oblivisci........surprise, china is already the largest car exporter. yes, majority is not chinese brand. but without the largest car market on the globe, how would vw earn enough money to invest in their technology?
@@Oblivisci........ Pride and prejudice.
As a person who has been involved with chinese industrial scene myself for years, it’s not surprising to see this kind of competition. Chinese industrial philosophy is based on value; which comes from our (yes, including me as an overseas chinese) culture that emphasizes on getting more for less (in turn, saving money). It’s very common to see some folks drop down their prices, followed by their competitors that raced that number to the point that their profit just stayed hairline thick, hoping that the sales numbers will overcome the lack of profit margin.
Now this concept is gradually improving, now many people have realized the importance of the brand premium, but also realize that want to increase revenue can not be unlimited price wars, which is a disaster for the industry as a whole, which has prompted more Chinese companies to start focusing on the construction of brand image.
The market share of Western companies in China has dropped significantly, which is why their investments in China have decreased. However, the Western media dare not tell the truth and spread the rumor that "China's economy is collapsing and companies are divesting their investments." The fact is: Western companies are losing the Chinese market.
@@chankaan888news that the chinese economy is struggling ia al over global news, has been foe a while, very well reported
@@C-3POII45I4 that’s why even PRC’s government stepped in to regulate the price decrease so the war can be controlled
@@chankaan888 yep I do agree with you
This is really bad news for VW because such a large percentage of their sales used to come from China. This is a great report. This is a good drill down of the change in the marketplace.
Diesels especially
Germany deserve this and it will be more to come if they will not wake up .Globalism in this way is lost cause.
only if they learned from Nokia or Kodak.
Germany made a big mistake. Selling the chinese technology. They should do like the british selling opium drugs .now germany made china great again
VAG (Volkswagen, Audi, Skoda, Seat, Porsche) is in fact the only European car manufacturer building mainstream cars, that is seriously investing in EV’s. BMW, Mercedes are way too expensive and French and Italian brands are a complete laugh.
This is the same that happened in the tv industry. When flat screens came out the old TV companies went away and China took over. Same thing will happen in all areas since everything is based on technology.
All commonly used industrial products will basically be gradually replaced by China. Mobile phones, computers, cars, and future medical products
German car companies move very slowly. They are old companies that have held the market for so long, they haven't been forced to innovate for a long time and developed bad habits. They're old. They're bad. They need to change.
*Executives squandered the oppertunity
If Volkswagen was organised by its workers, they wouldn't be in this situation. They wouldn't've made the diesel emissions cheats in the first place
The same situation is happening in Brazil
these big companies can still catchup with next generation vehicles like hydrogen powered but they probably will not due to complacency. lets see, its a competitive market.
They can innovate, they just have to pay extremely high management paychecks
@@patrickgzhydrogen is the reason why Toyota is seriously struggling
The bigger problem with Germany is it did not produce a new company like Tesla.
The US has Tesla, Google, FB, Paypal, Amazon, Apple, Nvidia all companies of the now and future ... China has all that and more like BYD, XPENG (and 50 others), Wechat, 10Cent, Tiktok, Bidou, Alibaba, SMIC, SMEE, Huawei ...
Why does EU and Germany have no company of the now and future ?
Whenever there is a rising startup in europe the company owner sells the company. Happens all the time. They get offered 15 million € and they walk away with it.
I thaught the same. How is it possible that we never seen a new german car brand. A brand founded in Germany automatically has a good reputation. I think it's because the German mentality is simply not made for it. we draw attention to our old successes. there is no innovation in this country and with the current green left gouverment wont be in the future as well
@@senseikanacke69 But what about Europe ? There was Nokia but now but Nokia and Eriksson are behind the curve.
Everyone saw it coming after Tesla's breakthrough in US.
I guess, it was easier to squeeze the consumers rather than reinvest.
I'm glad, we have competition arriving, forcing the change.
but even tesla overcharge us
chinese companies will never be allowed in thrice blessed murica
based musk@@PazLeBon
@@PazLeBon Tesla is 💩 but Ford, GM, Stella are even worse. 💩💩
@@hondofittyI thought the US was a free country with a free market? Hmm, sounds authoritarian
I'd prefer Chinese models because they are more diverse in use and prices. They have very small golf cart like models for grandma's dropping their kids to local school, models for woman going shopping, models that look like normal cars etc. I just worry about the local regulations and licensing in countries importing them which is what would make the difference.
There are a few points that weren't mentioned.
1. There are virtually no restriction on EV ownership, while many mega Chinese cities imposed lottery registration on ICE cars. Administrative regulations had a huge boost on EV.
2. The ultra low operation cost is a huge incentive for business, it's hard to find any ICE taxis in China now.
3. The priority of sport driving quality is quite low in Chinese consumers preferrence. Most families are still looking for cars that are big and comfy enough for family purpose. German's advantage in driving quality is less mentioned.
As a sport driving enthusiast, I'd probably still stay with my VW hot hatch. But I'm also curious to see where this EV trend is gonna bring us to. I'd also prefer Chinese brand like Zeekr if I had to purchase another car for family purpose, simply because of better price value.
Is there really such a lottery registration for ICE cars?
I am kind of confused as a Chinese hahaha.
I did hear that we needed to lottery to buy EV cars several years ago. But I have never heard similar restrictions about ICE cars (many of my friends still use ICE, and so do taxi drivers).
Or maybe there is such a restriction for ICE, but it has not influenced anyone yet...
The EV trend is going to ruin everything. They generate insane amounts of pollution, are basically disposable cars, and the rang is a joke in colder climates. And when everyone is running EVs, where do you think that governments are going to recoup the money from lost taxes on fuel? By jacking up the price of electricity.
@@hugolafhugolaf
Fuel can be used to do other work, serving as essential ingredients in chemical production.
Well, for the pollution, I think EVs are more eco-friendly, which gives you the chance to supplant fuel-producing electricity with electricity generated by clean energy. ICE can never offer this chance.
BTW, what is the "tax for fuels"? I don't understand.
If you mean the consumption tax for buyers. There are taxes for any commodity, including electricity and fuels, right?
@@dingyiyu9228 EVs are NOT eco-friendly. Do your research.
Batteries are made using cobalt, which is mined by children in Africa in clandestine mines. 14 of the 17 «legitimate» mines are owned by China. To make one car battery (ONE), you need to mine 50 tons of ore, which is then transported, refined, transformed, made into a battery, transported again. Multiply that by millions of EVs, and this is a disaster of biblical proportions, not to mention being dependant on China like never before.
Then, when EVs are on the road, how do you charge them? With powerplants which, Canada excluded (where I live, and where electricy is «clean» for the most part), use fossil fuels. China is building 100 coal powerplants this year alone to fill its need to recharge so-called clean EVs. Wow. That'll save the planet, right? 2 coal plants PER WEEK being built.
As for taxes, a significant chunk of the price of a liter of fuel is made up of various taxes. Long story short, in Canada especially, road infrastructure is funded in large part by taxes on fuel, which are way higher than sales taxes on various goods.
If everyone switched to EVs, the whole in the budget would be enormous.
@@dingyiyu9228 At least you can't get your blue plate without any charge on money or time in tier 1 cities, otherwise I would have purchased another car.
Our family was always loyal to German cars progressing from VW to Audi to Benz. We recently bought a Polo for our family in rural Anhui because it was so cheap because of overstock, but our last purchase of family car for Shanghai is a Tesla Y because it is superior to current German EVs in the China market. I have to say German, Japanese and US automakers squandered their advantage in China by not taking EV technology seriously and did not take advantage of Chinese government incentives to develop for the market. Now they accuse Chinese makers of "unfair advantage". Nonsense. Chinese worked hard to develop technology and did the heavy lifting to improve.
Because of big oil, I guess. That's why they still preferred ICE cars.
very nicely said, can't believe this is what a native Chinese who also lives in China said.
It's like Nokia telling Google thtaa taking Android would be pissing in pants to warm oneself situation again 😂
@@streamingvideo6654 oil definitely played a part but can't they save up the petrol for planes or something
0:10: 🚗 Volkswagen is losing market share in China due to fierce competition and the rise of Chinese car companies.
3:43: 🚗 Volkswagen's dominance in the Chinese car market helped the company succeed but also posed risks as it became increasingly dependent on one country.
6:39: 🚗 Beijing's support and Tesla's entry led to the growth of China's EV market.
10:03: 🚗 Big car makers struggled with software and updates in their electric vehicles, while Chinese car companies were already doing remote updates.
13:04: 💰 Car prices in China are falling rapidly, leading to a decrease in market share for major car companies like Volkswagen and Japanese car makers.
Recap by Tammy AI
@1:05 “The batteries are not better than the competitor’s” is the nicest way to phrase “the batteries are far worse than the competitor’s while costs 3x as much and having endless supply issues”
legacy didnt take EVs seriously and laughed at tesla a decade ago.
And Elon Mask laughed at BYD a decade ago.
@@cheungchingtong
And BYD laughed at AGI.
@@LightAndShaddow5 So I am glad Huawei has join the field.
@@cheungchingtong Elon Musk always said that Tesla cannot assure the transition to EVs alone, obviously. So Tesla & BYD or BYD & Tesla, who cares ? Especially if both automakers are building factories in all markets.
@@didierpuzenat7280 Haha, I personally couldn't care less about what Elon Musk says, this man can says he is Chinese or Alien if that help skyrocketing his stock shares. Comment I left here was to say the old successful ones always look down at the new ones. Though I am not a fan of BYD, but technically I remember BYD actually built its first EV one year earlier than Tesla, so my theory wasn't very accurate here. As for Tesla, I think they really need to improve their building quality, some friends of mine own some Tesla models, the building quality isn't good enough considering its prices, being one of the biggest EV manufacturers, those gaps...
The 1.1 Million vehicle recall on Teslas will be fixed/has been fixed with an over-the-air software update, so it will cost virtually nothing. Maybe worth pointing this out, since in the video is comes across as a huge problem for Tesla.
TESLA is a threat to native EV producers, so routine software updates are reported as ‘recalls’’. Oh, we didn’t clarify that, our bad.
That's so true! 👍
@@mostlynewhuh interesting
Chinese brands have taken over the Russian market and top EV sales in Thailand, Brazil, Malaysia, Singapore, Australia, NZ, Israel, Costa Rica. They are expanding overseas quickly!
Also Cleantecnica US based website called Xpeng Software XPNG superior to Tesla! Next year Xiaomi is launching EVs, so is Prestige brand Hongqi! Nio volume FIREFLY also takes off, Huawei already inside AITO, AVATR(shown at IFA 23), GAC, Changan, Chery, Hiphi, Xpeng, Arcfox, Zeekr, Wuling, assaulting Europe next year!
They stole the IP
In Azerbaijan Volkswagen is the lead of EVs for now
Mexico as well
All the car companies left Russia because Russia started the war with Ukraine. China is the only country who supports Russia. Thats why China took over Russia
the chinese market is surely nothing for people with nostalgia. I was born in Germany but was raised in Shanghai by my grandparents. Seeing all the Santanas was my childhood memory and it brought me so much joy sitting on one from Pudong airport to my families home. After covid everything feels different - all Santanas have been replaced by LOEWE or Didi.
I am only 30 but damn, I feel old..
One of the main problems in my opinion is the german manufacturers relying on executives that were successful in the past instead of promoting the people with the right mindset for the future
Unusual for DW to be this fair and unbiased. 👍
😂 True. Insulting as far as praises go. But true.
lmao
Because they are losing 😢
德国媒体，应该叫德见
Because their papa Joe Biden is begging to meet president Xi. 😊
Obviously the big German and Japanese auto makers are not losing market share because their cars lack "fun apps like karaoke". The problem is that they are a day late and a dollar short. It's one thing to arrive fashionably late, but Volkswagen is still looking for the cloak room while their competitors are already slow dancing with their chosen partner. There is just no recovering from that. They can either team up with somebody who has already established themselves, or find a niche that is not yet fully claimed, or they will go the way of the dinosaur.
VW group is actually relatively well invested in EV compared to other so-called "legacy" carmakers, and still VW is struggling to sell EVs in China. Other companies like Toyota, Honda, Citroen, Ford etc are well and truly boned in China because they don't even really have EVs for sale. At least VW can cut prices on its ID series cars to move some volume.
not completely bad, but to make it sound as though Tesla entering China was the reason for Chinese EVs quality going up, really misses the timeline. Nio, BYD and Xpeng all had their pipeline done long before Tesla opened its Shanghai factory. Of course Tesla has inspired EVs around the globe, including the German ones, but irrespective of where they were built.
The price of electricity in China is very cheap, and it only costs 20 euros to drive 1000 kilometers a month!😂
Yah that's why china's strength
Holyshit. That's cheap.
Electricity is pretty cheap in US and Canada too.
@@fayby Not as close as 20 bucks per 1000km
@@Mal4denot 1000 but at least 600-800 km, close enough
For 40 years the Chinese have already paid thanks to vw for their contribution to Chinese auto industry more than vw deserves, I grew up in northern China , in my memory from late 1980s to early 2010s most local taxis in the cities were vw (joint venture with chjnese auto company), passenger cars wise, around 30% of market share at least, then it all changed, most cities s taxis now use Chinese brands, lots of byd, and many of my friends have sold their Japanese or German brands cars and buy Chinese EVs in recent years, Chinese auto makers have been actually quite active in Asia Africa, Europe and South America but in North America it will still take some time to see a Chinese brand vehicle, I guess.
"For 40 years the Chinese have already paid thanks to vw for their contribution to Chinese auto industry more than vw deserves, "
?!?!?
"paid thanks"?
"more than vw deserves"?
I often hear from the Chinese government that China is very multi cultural and open to other cultures.
Maybe I'm miss interpreting your words, but for me, I receive it as,
"thank you for coming to China. We thanked you enough, more than you should have gotten. Now foreign company, leave China."
You didn't use those exact words, obviously,
but that's the impression I received.
Maybe I'm miss understanding what you ment?
@@Leshic2first pls forgive the tone and inappropriate words used. But anyway it’s RUclips you should be open enough to capture the main idea right, not judging you😢. I can resonate with what op said to some extend, just meant that VW has enjoyed the privilege in chinas market for so long and has been literally the only choice for gov and public Trans in the past. I say for myself that VW stands for a special place in Chinese car culture and it’s always welcomed to continue the business here.
@@hrizony7847 You use the word "privilege" as well.
Why do you even use the word "privilege" to describe them being in China?
Why should they feel so lucky,
so fortunate,
feel so grateful, to be selling cars in China?
It's a thought that would never come to my mind,
for any foreign firm, to sell products in my country.
I'm trying to understand if the word is chosen, simply because you couldn't find (or don't know) a better word to describe your thought,
or maybe missunderstood it's meaning (it doesn't feel like it),
or maybe it's just a different cultural view, perspective, (I'm guess this, but maybe I'm wrong), that I'm personally curious to understand better.
you are so petty, really
@@Leshic2
@@Leshic2 I mean it makes a lot of sense. US banned huawei and every chinese company so they didnt get the privelege to sell anything in a foreign country. Hence volkswagen is privleged in that sense. Huawei werent even lucky enough to be not sanctioned for existing
Is it any surprise though? For years we as viewers were watching literally many channels that document how China was focusing in EVs and how EVs are cheaper and better for the environment. I think the EU and Japan were dreaming.
One of the biggest reasons is the European affordable ($20k-$40k) EV cars are extremely not worthy and unreliable. For example, an entire Volkswagen ID lineup seems and feels rudementary as compared to BYD Song Plus, Leapmotor C11. These chinese cars are packed with cool tech, reliable, beautifully made and most importantly, has a soul. But VW ID cars seems like a joystick, just a simple vehicle that gets you from point A to point B.
How is it difficult to understand? They went to China to build cars cheaper, the Chinese learned how to build cars, now they build their own cars and no longer need European car makers. or their cars. What a shocker
EV is a new game. Much less patent blockers on the road than ICE cars.
35k Euros for a middle of the road electric EV while the average salary is 500 euros in Eastern Europe, and the politicians in Brussels still wonder why we don't buy EVs and we go for second hand vehicles instead... It bogles the mind...
Not only in East but also in Southern Europe too. Continuing like this, the possibility of owning a car will be not for the masses but for the upper and upper-middle class. Rental, public transportation, and rent per minute is the future for millions.
@@rjft7003That ain't so bad, if the pricing is okay. But it won't be. 😢
But the average salary in China is less than 500 eros.
@@rjft7003im sorry but that's the future I will refuse to live in or participate in. Private ownership is what makes this life somehow tolerable.
The future is not just about cars. Try a bicycle or the bus or a walkable city. Anyway, if you have an idea for a zero emission car cheap and non electric, feel free to share.
Nowadays Chinese auto industry is moving onto the second phase of car electrification, intelligence-assited driving.
They should stick to what they're good at. Filling in the entry level vacuum that every automaker including KIA - Hyundai had abandoned
Yes and Cleantecnica the US based website called Xpeng Software XPNG superior to Tesla!
I agree, as someone said the next move is having computer on wheels and chinese are working on it.
@@rutherpomaloli5722they shouldn't forget that there's plenty of demand for a luddite or minimal tech car. Look at the Mitsubishi iMiEV or VW e-UP that externalised the infotainment with the driver's smartphone - which most people do anyways.
The demand comes from skepticism and fear of monitoring/spying, personal data collection, driver puritanism, and reliability through the vehicle's life.
As long as there's plenty of charge ports for passengers and an audio jack, I'm not complaining.
No it isn't. Go watch China Observer. Believing anything coming out of china is like admitting you drank glue as a child.
Its incredible how an average -or low- quality vehicle like tesla made it to market itself as a premium brand...
faith of US, the reason
that by tesla in china 🫠
Tesla rely on China for more than half of production, sales and batteries, whereas BYD has zero exposure to the US in neither tech nor production nor sales.
It shouldn't be hard to see the implication of this asymmetry in term of geopolitical vulnerability
The asymmetric relationship however carries over to the companies' bottomline: Tesla 📈 BYD has little footprint in 🇺🇸
@@accountantthe3394 BYD has higher gross margins than Tesla and sells 2x more cars, so yeah what about bottom line?
The fact that BYD can do that without any footprint in the US while Tesla heavily relies on China's good will to produce their cars isn't a good thing for Tesla you know.
@@vlhc4642 lol you dont know what gross margin is, do you?
BYD is currently entering the European market. This is a good idea, because Europe has more EVs and they are more likely to buy smaller cars.
@@anotherelvis BYD cars ain't small, infact Chinese consumers prefer big cars with big interiors. You're thinking Japan and Korean.
In 7:10 the story behind was not that simple as you thought. That company has a bigger vision and chose to go IPO in NYC at very first. It’s in no way by control of Beijing. And in its toughest time, people believed it would fell because almost no investors wanted to buy it. The only chance the company got was from the gov of a mid scale inner land city. What I want to share is the behind story is hard. The gov also took the risk to choose the one they thought with the most potential. And to be exact, the investment was not done directly from gov but from a joint venture.
As someone living as an expat here in HZ - I can tell that the engine and batteries and steering and other things are very good. But when it comes to the suspension, ride comfort for passangers, tiny details such as safety belts, door locks, everything: there is still a way to go. However - I think for German car makers, the best is to focus on the next instead of on the hype with EV's. Look at the future of energy: that is much better. Hire people who want to change.......
the future is continuous, you can not skip EV stage.
@@Lee-fw3vq Exactly, if German car makers don't adapt changes now, they will just lose market share in the biggest car market in the world and lose the race. Period.
you can't tell Nokia to skip smart phone, and going all out to XR area like Apple vision pro, the technology is simply not there while EV is maturing every year.
I live in a small county in China where taxis are all electric cars, costing around 20000 US dollars. I can charge at home for 7 hours and drive about 400 kilometers, with an energy cost of only 9 US dollars. It's much cheaper than gasoline cars. Sufficient for urban residential use. And equipped with mature car infotainment systems and navigation software, the interior decoration level is almost similar to that of a $30000 gasoline car. I can't think of a reason not to buy an electric car.
they say it would be expensive to replace the battery?
@@ge7764you can buy battery care,just like apple care
@@ge7764 benz and bmw and vw would say that because of obvious reasons. but as a customer, i just love EVs
@@blahblah-yx7bl
I hate EVs
I have a reason. Their terrible build quality…
just by watching the western car makers from the sidelines you can easily see that they are "talking the talk" but fighting an inertia that does not want to change. This is one reason why I applaud GM for committing Cadillac to going all electric by 2030, this forces a culture shift at the company. Presumably they have already designed their last gas car and the entire inertia of the company can move to electric. Now they need to make those commitments at all their sub brands.
Does not mean three customers will come with them thou, it's a big risk
German car companies have slowly tracked that paradigm shift. But first, they asked of their suppliers to do the shift for them, to supply them with solutions, not realising they need to turn into SW companies themselves. These days they no longer are mere integrators and write software, but without being SW companies still; reliant on the likes of Nvidia and Vector.
Funny thing is, Mercedes and BMW doesn't suffer like VW in China. They still sell well, because the Chinese want status cars. So maybe VW should push their status brands more in China, and use Volkwagen to experiment on designs and tech that they can use in Europe later. When China comes to Europe, they will have tech, but they lack name brands.
Some Chinese like Geely have bought brand names Lotus, Volvo, Polestar, Smart and MG(Saic), the rest are all growing, glowing because of internet, RUclips, BYD, Ora Nio Zeekr Hiphi n others gaining national TV coverage such as this one
Yes, Mercedes BMW Porsche can still use their prestigious names, but that’s the last stage of your game really. 5-7 years, you are out, the name doesn’t save you, so many historical lessons learnt from Italian brands.
Blackberry used to be prestigious.
Bad direction.
Your argument is what VW, Kia and Hyundai are already doing that, they're trying to establish themselves as premium brands because it's the only way to achieve high and competitive profit margins and keep it at a distance from inflation.
That's why there's very few affordable city cars and any examples left are more expensive than every before
@@protagonist9716MG's MG4 definitely frightened the life out of a lot of legacy automakers
The German automobile industry has unique advantages in engines and machinery, but electric vehicles do not require engines,only batteries. China's electric vehicles are smarter and lower cost, and the advantages are reflected.
They are subsidised and selling also below cost almost sure. They can not do this forever but for now it works, people are buying, the chinese state is buying, too. Everyone looks happy loosing money,but for how long?!
until they take over@@strigoiu13
@@strigoiu13 Subsidies? The Chinese government canceled all subsidies three years ago
@@herondesign4507 China's illegal subsidies have been around since 2009, renewed/extended every 3-4 years. The last one ended on Jan 1, 2023 and extended In June.
@@tooltalkAmerican car companies have always enjoyed government bailout and subsidies as well.
One of the vital infrastructures for EV booming is the charging network sponsored by the Chinese government. That's a huge push for this industry.
The reason why Volkswagen is facing challenges in China is that its rivals are not traditional Chinese automobile companies. The new generation of EV Chinese automobile manufacturing companies are all from semiconductor, mobile phone and home appliance companies. These companies have a better understanding of users' needs for cars under the same technology and are more active in using configuration and design to impress users. Rather than changing the look and putting up a sign and asking people to pay for it, the new generation of Chinese consumers is more discerning and more focused on innovation and the Internet, which the German and Japanese cars are incomprehensibly bad at
I don’t see any price cuts? VW is selling the new Tiguan around 50K in Ireland which is mad. It’s not the only brand doing this tho. An OK Nissan QQ is over 40K. Same for Renault, Peugeot etc.
Great reporting. Interesting facts and numbers. Kudos!
I'm just a normal guy I saw this happening a long time ago 😢 how was it possible after watching Tesla be born and the world leader doesn't take action.
They thought they were unbeatable specially the Germans they thought the luxury and median class were not in danger 😅😅 I'm 44 and for what I see unfortunately EU is a lost project.
Too old , too slow, too many rules and regulations lost his place in the modern world.
Middle east, USA, Canada, Mexico and India are blooming
I think it's due to the demographics.
Old farts afraid of change, afraid to pivot, just hold onto their wealth and processes, even restricting younger generation.
Tesla is already going down!
@@brunoheggli2888 down where? the only thing going down is your mom
If vw is cutting prices to 13500$ in china to fight with conpetition. Then i cannot wait until chinese companies will Enter EU market with full swing. I hope i will see 15k$ price for vw also in germany
No you will not see Chinese prices in Europe. In Europe consumers have legal rights that cost the car companies money, so the same car costs more.
@@matthewbaynham6286 i don not understand connection of legal rights and prices. With Logic you mnetioned does it mean that chinese consumers do not have legal right hence they have much lower prices? I can give up my consumer rights if vw will axe their prices by 60%
@@piotrsobczak2866 Not sure where the legal rights thing came from but the EU has accused China of heavily subsidizing it's EV industry and is looking at imposing tariffs. It will up the cost of Chinese imports considerably.
Chinese models also have different hardware and less Features for example on safety compared to the European variant, hence the price difference.
@@Timo-qb1gf Chinese models can update their software over the internet.
Didn't Germany want to decouple from China?
WV = NOKIA after android
more like Kodak
I have two cars.
VW Golf R MK6
BYD Han EV.
Both are great!
EV's are Gay-Cars 😂
@@CrashWorld2018ICE cars are for caveman 😂
"Losing China" does not mean "Losing out to China".
It does if VW goes bankrupt in a few years.
Both apply, they are losing China's market share, at the hand of the Chinese companies
😅 keep dreaming.
It’s amusing how international media community are often “surprised” by the “sudden” emergence of Chinese car makers. It goes to show how little they know about how the Chinese market and industry have developed over the past few decades. BYD’s founder while I’ve met at an event have really dreamt of making cars very early in his career, and began to diversify into the field as soon as the battery business was a success. Their early cars however were weird knockoffs of Toyota models that were anything but attractive or reliable. Yet they continued the effort relentlessly for more than two decades until today. There was also close to a decade of highly controversial market policies that favored EV sells in major cities since the mid-2010s in conjunction with congestion mitigating schemes and environmental policies, as well as tremendous public sector investment in R&D. Chinese buys are sometimes semi-forced to opt for EVs at a time when these products are far from mature. But those factors drove the scaling of the industry, allowing it to learn quickly from mistakes and improve. For the Chinese it’s a generation of hard work finally starting to pay off, for the Europeans it’s all too “sudden”.
China learned everything it needed from the foreign brands. Then ditched them like a hand grenade. No one saw this coming?
Such as ??? Why didn't hou learn lol
Huge automakers like VW, Toyota, GM, etc have dominated the world market for too long and it is natural that they lack the incentive to start over a totally new type of automobile (EV) that would eventually strangle their own cash cow (the fuel combustion autos). And the management has the illusion that no new players (EV car makers) could simply emerge without warnings and all the top management needs to do for now is to keep the profit high and stock price high so that they may get high remuneration before moving to a higher position or retire.
But things just changed so quickly before they even know how to react; in a matter of three or four years, their competitors came out of nowhere (actually from within China) and began to take the largest auto market in this world by storm - mainland China (accounts for 1/3 of world new car sales annually, and Chinese brands has around 60% of the market share and still is fast increasing). Car-making in China (and probably in the world) has never been so easy in human history that a newly established EV brand can deliver their first car within a mere calendar year (cars are actually done by OEM factories in China). Total car manufacturing capability has reached a jaw-dropping 50,000,000 units so far in China (and the capability can be expanded exponentially in several quarters of a year if needed).
To make the situation worse, the export of Chinese-branded autos made in China to the rest of world has increased four-fold since 2020 ( a mere three years back from today) and China is set to surpass Japan as the largest auto exporter of the year in 2023 with a whopping 4,000,000 units. The stronghold (Latin America, Eastern Europe, Africa and the Middle East) of tradtional major players has been encroached by their ferocious Chinese rivals.
The real game has just begun.
If any company cannot compete then it is better for them to phase out😅
VW ID3 in China starts from €15,800 and in Germany from €39,800 WAF‼? must be joking.
But hey, cars have never been worth the price, especially premium ones. By paying a lot, too much, for the car mainly you paid for the comfortable life of the German engineer and the entire management, who also caused the diesel scandal. For these reasons alone, I will never buy a German car.
Another information for you: Toyota Corollar start price 12000 USD in China, and start price 23000 in US, almost doubled. Is this because Toyota like Chinese more than Americans? Of couse not, it's because competition.
@@ericw127 business is greedy and evil, and the material and things that are not worth the money.
I like the niceness, peacefulness, joyfulness, and respectfulness from DW. You can be more just though.
i think this is the first time i hear a Chinese speaking English with a German accent 😂
Solar, wind, EV, AI, smart phones, wherever there’s level playing fields and fair starting lines, China won.
LOL china won in smartphone? who told you that BS? your mom? they couldnt even come up with their own operating system.
u sure about that??
AI?
excpt cars and chips, in other industries, china products already get the most percent share in the world, so there is nothing uncertain about it.
DW has a program about Chinese EV every other week
Because Germany runs on Chinese money
I took a Volkswagen id3 taxi in China a few days ago and the driver complained that VW prices were reduced too quickly.
Damn good to see the big guys being challenged. I am quite sure they won't give up that easy.
Good for consumers and innovations.
Lol
I do wonder why a company like Nissan didn't develop its early advantage with the Nissan Leaf. I think partly that their integration with Renault in an even bigger, less dynamic company has held them back massively. What happened to the innovation culture that produced the Leaf in the first place?
They just arrested their CEO who saved them in the first place, what can you expect
Japanese are terrible at writing software. (though
they are good at building ICE).
@@mnlnl65091 really? is there real case about this?
@@mnlnl65091 very true.. japanese software companies are seriously problematic (except for games maybe)
@@mnlnl65091
They were one of the first Asians on global best programmers. Japan’s tricky situation so all you can say is that their development is kinda stalled.
The big automakers wanted cheap production at the expense of giving away R&D. They are now screwed; karma!.. Great video BTW. Excellent journalism, editing and presentation. I REALLY enjoyed this video.
My two friends in Shanghai bought ID6 last year, costs about 220k RMB of each ,if you don't care much about autopilot, that is a very good price.
I will give you a reason: 0% responsibility, 100% greed
Yup, VW wouldn't have thought of putting karaoke in cars because it will distract drivers.
@@CyclingSteve Karaoke is definiteby dangerous... at full speed on an autobahn. At 30 km/h in a traffic jam with the autopilot on, not so sure. And you do not even need traffic jams, I live in France and the whole city is limited to 30 km/h, so I am more interested by an easy way to choose a podcast than the top speed of my car. So I am not surprise a bad UI killed the ID3.
Same thing is happening in India as well. Some of the European and American car manufacturers had to pack up. Japanese, Korean and Indian car manufacturers are doing fine.
The cost-concious consumers are slowly moving away from prestige to value-cost propersition.
Bro now india become 2nd mobile manufacturing country in the world 😅
It is a totally different ball game in India. Their demands and tastes are different. Their influence in the markets will be much more recognizable soon though, because of their market size and production strengths.
All they had to do was replace the engine first. Throw out the gas and use batteries.
However, by completely replacing knobs / buttons with a tablet and tying to their EVs, they’re just shooting themselves in the foot.
Or atleast just use a mobile app instead of custom software
But what VW has done is take a 35k car, don't add an engine, add 30ks worth of motors and asked for 75k for it, economically that didn't stack up because of greed.
Great video explaining China automotive industry rise, keep up with great work 😊❤
This is the best thing to happen to people around world. No more over paying for a normal car. This is something we should be celebrating rather than disappointing. Good for the capitalist corporations might not be a good thing for the consumers. China is playing fair games by offering a good product with a very good price. What more can you ask?
When even cars become affordable to more consumers, (without polluting the air in our cities and living areas), why not let this happen?
Let the ones who can help to make this happen do it.
Finding the ways to stifle this development (of better technology and lower prices) is not beneficial to the human world.
True
Chinese car is not reliable and it can easily be broken.🇨🇳🤮
I hope that in the near future, I will not need to own a personal vehicle at all, but can subscribe to an economical, on-demand robo-taxi service. Whenever I want to ride somewhere, I should be able to open an app on my phone and call for a Tesla somewhere in the neighborhood to come by and pick me up. Also, with more people having this service, the need for large parking lots in cities will be much, much less.
The car company that makes this vision into reality will be the big winner.
Some places in China already have this kind of service.
In theory, it can already be achieved in China. Huawei's smart car can completely go to a certain place to pick you up on its own, and you only need to send a command using your phone. But currently, the law does not allow！
Unfortunately for VW, they are going the way Nokia and Blackberry went when Apple launched the iPhone. They were stubborn to accept the disruption and by the time they tried to follow suit, it was too late. Apple had bee joined by Samsung and the Taiwanese phone makers with touchscreen phones and Android ecosystem competing with Apples fully intrgrated money printing machine. Irony is Nokia could have become at least for a period the strongest competitor for Apple had they adopted Android. Instead they stubbornly used their own inferior SW and then later windows....and failed.
They are literally the biggest investor in EV tech than all other legacy brands lol, I bet they will survive but won't be dominant
The West has never seen a big competitor for decades. This is a perfect storm.
India has not allowed chinese car company to enter is market for many decades,
Even some American companies are not allowed or heavily taxed.
Which is why the passenger EV market in India is tiny and insignificant currently, and Indian EVs from Tata or Mahindra are nowhere close to being competitive against the EVs made by Chinese and western carmakers. It will take decades for Indian EV makers to catch up in this sector.
thats not good for a country ,no competition,no progress
Because india wants to sell cheap unsafe cars to indians.
@@tren133 India's approach is that it will always cry in its own small circle. The United States has dealt such a serious blow to Chinese chips, and China continues to let Tesla become bigger and stronger in China. It is not tolerant and can only go backwards.
I see a LOT of glowing reviews for Chinese cars (mostly BYD) on RUclips. Now Chinese car exports are exploding. Should Japan and Germany not play their cards right, they risk getting replaced.
They had their chance 10 years ago. They all had electric and plug-in hybrid concepts and working concepts back then and squandered them for diesel.
Toyota and Mazda was too busy spouting BS how there'll be no market demand for EVs, even if they were forced to produce compliance electric cars for California
They made their bed, now they must lie in it. But I by they'll hold workers hostage who had no say in poor sighted executive decisions
But how do these cars hold up after some years use , how safe are the crash tests and more important , will they continue to let have access to western markets as they are state financed ?
Tesla, BYD, NIO, Xpeng are all out to develop EV. Whereas, traditional big auto players are jealous of their own success in ICE. They are allocating very little resources to build an innovative EV.
Furthermore, consumers are switching to environmental friendly and cost savings EV.
电动车维护成本非常低。中国维护保养几乎是免费的，尤其经常使用的出租车，他们要经常维护保养，是免费的。传统油车做不到这种服务
@@露透社 Indeed, it saves money... and time.
"Do not chase the dragon's tail; walk beside it and learn its dance."
A Chinese saying.
An EV vehicle price war against a Chinese manufacturer?
I would not like those odds if I was a VW executive / shareholder.
Most countries are pretty protective of their auto manufacturers. The EU has already signaled possible tariffs on Chinese car manufacturers due to heavy state subsidies.
@@TimothyCHenderson
That's the Rule Based Order looks like i guess!
Chinese aren’t giving more subsidies than the western ones. Yet here we are....Once Western were competitive they seeked Open market, now they are the looking for protectionism 😢
@@tarakhossain9320What goes around comes around. Chinese thieves set all kinds of restrictions and rules in place to prevent western companies from flourishing in China. Now China wants unrestricted access to western markets and they should be denied. Western countries are more than capable of putting in tarrifs and quotas and requiring tech transfer to western companies as part of the terms for access to western markets. Just like China did.
Tesla started with the price war thinking they can do well. They have the highest profit margin. I think that probably hurt the none Chinese car manufacturer more like VW.
@@Tabula_Rasa1 BYD has the highest gross profit since they make everything from batteries to chips themselves, e.g. when BYD auto buys from their battery division, either their auto division make the profit or their battery division make the profit. Tesla only make cars and have to trasnfer profit to Chinese suppliers, which makes it much harder for them to sustain profit than BYD. Case in point, Tesla's price war had zero impact on BYD's profit which exploded this year.