Scary numbers reveal China's global EV monopoly is growing fast
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- Опубликовано: 4 окт 2024
- Scary numbers reveal China's global EV monopoly is growing fast
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In 10 years time, travelling from the west to China will be like travelling from the old Soviet Union to the west back in 1980. Shock and awe.
Goodbye VW.
Goodbye Toyota.
Goodbye Tesla.
If China get its way it will be good bye Germany good bye Japan.
Nah, they will both still be around, especially Toyota. They realize a lot of the world still runs on petroleum-based fuel and that will continue for a while. They have quite a lot of experience with hybrid cars (over 10 years with the Prius) and have a few EVs for sale (only one model in the USA) to gain experience with it. Plenty of experience in alternate auto drivetrain tech, too (fuel cells and H2 ICE engines among the mix). They are ready to take advantage of whatever way the auto market shifts.
@@tom_hoots They'll still be around, although the period of rapid growth is over and now they have to work to sell cars. They really need to come out with a lower-priced car option.
Never - Toyota and VW are mainly run and paid by the government. A failure of these companies would be a failure of the countries, which cannot happen. 🤔
For the same price, quality is better. And for the same quality, price is better. What do you do? Tariffs!
A very illuminating episode. Warmest compliments. Thank you, sir. :)
This is inevitable. Chinese EV makers has everything working in its favor. Govt initial subsidy, Cheap capital for investment and R&D, undervalued Exchange rate apart from Talent, skill and work ethic. But the first three are unfair trade practices. Leaving aside these accusations, with falling battery prices, metal prices, cheap overhead, China will have EV which will be cheaper than ICE very soon. Even the sticker price shock will not be there anymore. so whats the point of ICEV if we can have EV which are cheaper for comparable performance. ICE vehicle are dead very soon.
chinese monopoly is good. now everyone can be middle class again.
Battery prices keep falling while energy density and safety go up, I fully believe a Chinese car with 300+ miles range for under $10k will happen before 2030 (in China)... Sadly, I think it's 50/50 whether the US will get a sub-$20k EV w/300+ miles range before 2030.
You can get a Tesla for $20k,
3 years or less used from hertz.
Plus a $4k gov discount.
So might not be brand new but close enough and you still get all the updates from Tesla and the warranty .. 😂😂
So technically you can get a pretty good one for less than $20k right now .😊
@@Gunter_Custom That's true, I'm talking new cars though... Where a $20k Tesla in 2030 would be $13k used by 2032.
2nd generation blade battery is coming soon.
Bro... you're late. The second generation of the Blade got released in 2023.
@@chillfluencer it wasn't in many cars.
It's is already heading that direction after yesterday what the EU did with their tariffs on China ev's.
This will be a boomerang to the EU.
Correct, Volvo already started complaining... and even with lowered volume, the European carmakers made most of their profit in China... now is gone...
It's funny when European companies go into any country that wants free market. As soon as that country starts making better product, Europeans ban it 😂 free market! 😂
So what's your suggestions? Just let China flood the European market? China is lost for foreign brands anyway, and it's better for western countries to safe their domestic market and manufacturer.
@@huckleberryfinn6578 The suggestion was and always has been to do what China did. Have the companies partner with local ones and hire locally and use that time to build their own products to compete.
Instead they're doing something useless that just hurts customers and trade.
@@huckleberryfinn6578 So when VW gets half of its profit only from China it was good... now is not, "oh Communist China"... when I think Europe is the most lost in pseudo-socialism continent (with the USA coming close).
A lot of people told to anyone about China's plans - I heard it from Munro in 2020, and EVs. Batteries etc, what they want to do. China announced in 2020 that in 2030 they want to get 50% of the global auto market. EVERYBODY LAUGH! 4 years later after China took the first position as the top global exporter in just 6 months from Germany and Japan (from 1 million exports to 3 million car exports in 6 months!), no one laughs anymore, now they are shit their pants, and now are introducing tariffs.
For any idiot here: tariffs are not to be paid by China, are paid by us! We pay for the waste of money of politicians and industry! You pay or tariffs for a better car from China or a high price for shit cars made in Europe!
Tariffs are allowing European carmakers (and any other industry, the same) NOT to solve their problems by making cheap cars. It is the worst solution, and history demonstrated that IS SAVING NO ONE!
It is just delaying the inevitable end, as the problem is not just the price of the cars.
I have a Peugeot 3008 from 2018, and parts of the car break down with no real wear - the drive axe is to be changed, even though I drive just on the motorway and have only 80k km in 6 years!!! It is not China's fault!
Legacy auto is in for a big hit next year. The Chinese are geared up and are going for world markets. While tarrifs will keep the Chinese at bay in the US and Germany for a while. Legacy will feel the effects of falling sales in all other world markets. The drop of legacy car sales has only just begun there are huge more reductions in legacy auto China sales
Thanks for the numbers Sam
Ford and GM have licensed CATL tech for their cars, they might survive
The US gov't will never allow either Ford or GM to go bankrupt. The political fallout would be devastating. If this means banning all Chinese produced EVs, then that is what will happen.
This is still near the start of where we will be by the end of the decade just 5 years from now, wait til they open factories in Europe/Mexico/Canada/South America etc
Sam, Sam, Sam.
In the first half of 2024, SAIC Motor sold 524,000 new energy vehicles (NEVs), marking a 29.9% increase compared to the same period in 2023 .
Cannot see that SAIC has any issues.
This is just what normally happens when you miss an opportunity. The only reason why it's not a done deal is because the US and the western world have a lot of power on the world stage.
Not here in the UK.
That chart still says BYD has the most growth. Even forgetting all the market share they seemingly drained from Tesla, BYD rose by almost 2% since last year and that's on top of an already large market share while the rest are just kind of good starts.
I love Pismo Beach. Enjoy!
Monopoly suggests stifling competition. It seems that US and EU are the ones pulling up the draw bridges.
Monopoly also implies controlling the supply chain to the detriment of rivals, which seems more relevant.
Geely owns Volvo, and there are a few Volvo-branded EVs for sale, so are those included in Geely's sales number (note that it jumped from about 5% to almost 9% in about a year).
From what I can find it appears EV sales are 'maturing' in both the USA and Europe; the 'easy sales' to early adopters and anyone who wants an EV has bought one so its now a period of slow growth, typically replacements for current owners and the occasional curious buyer who has to be sold on a new EV purchase. As a percent of the total car market worldwide I thought EVs are around 10% and are not expected to rise too far above that. (China may be different as the government is forcing a switch to EVs from ICE vehicles).
Yes. The "western" auto manufacturers -- in concert with the laws in the western countries -- either CAN NOT or WILL NOT produce battery electric vehicles that 99% of humanity on the planet could ever possibly afford. Meanwhile, China HAS BEEN producing and CONTINUES to produce battery electric vehicles that typical vehicle owners can afford. And yes, when western countries outlaw combustion vehicles, modern life will utterly cease to exist if only the wealthiest humans on the planet can afford battery electric vehicles. And to date, there are NO zero-emission alternatives. "Hey kids! You're SCREWED." Unless, of course, they can get their hands on China-produced battery electric vehicles.
Tesla has entered the chat ..😂
In the mid of the 1980s one of my teachers said "When the chinese start working, we can stop and go home". He was right.
Can we get news about china evs without negative tone?
I want to buy a model 3, but indicator buttons on the wheel? really! what the heck was wrong with stalks? seems like change for change's sake
How can you call it a monopoly when they're non-existent in the US and the EU?
Because it would automatically flooded those market if they build factory there, Hungary and Mexico likes it
Monopoly is a complete use of the word here
@@khein2204 I agree and the old traditional car companies have given up before they even started both in Europe and the US they cannotand do not want to compete with Tesla andthe Chinese Tesla is no longer for their 20 million not interested AI FSD much more interesting Elon wants to write history by disrupting/ opening new markets by great innovations!
you know the world is bigger than just US and EU right? i bet you never travel out of your hermit house hold.
Very Important to keep our Industrial base in Europe and the US After Pearl Harbor admiral Yamamoto a very wise man said ‘we have just woken up an Industrial Giant ‘ He knew that the reaction of the US would be hughe leading to defeat of the Japanese empire. We must not make the same mistake with Chinese industrial giant!!! Keep our automobile industry let them learn from Tesla via licensing contracts if Tesla is no longer interested in mega volumes! Let the US government realise that they need Tesla as a friend rather than a foe if they want to restructure the car industry!
VW is Not a EV But a IC Engine Quality Manufacturing Company
The US lost that technological race without noticing it. Tesla will survive. The other in the US are a wild guess.
for world wide sales, byd is smart to focus on phevs! outside of china and nordic countries charging infrastructures are just not that good to support pure bevs... hybrid is far better for most regions.
I need less expensive cars, I don’t care who made them.
You are a Chinese spy who hates American democracy. I will call the FBI on you
It can't be a monopoly when heavily subsidized by CCP. These prices and quantity of EVs china is making are unsustainable and depending where you are you can't buy them or people don't want them.
This strategy worked pretty well for Uber and Amazon. You have to destroy the competition first and then dominate the market. China is doing the Silicon Valley philosophy on a much bigger scale.
And people will buy these cars if you invest in advertising and PR, look at what Geely is doing with Top Gear.
The interiors of Chinese EVs are much nicer than Teslas. Teslas are so stripped down they make Kias look luxurious.
What about Xpeng?
Isn't that part of Geely?
Xpeng isn't doing that well until their latest model.
Great cars
*Hey! your sound like the end of the world.*
European EVs are simply rebadged chinese EVs. There are only two EV manufacturers: Tesla and the CCP.
No. Tesla manufactures half of its EVs in China and it can do it becos CCP allows it. Your knowledge about the world is zero.
CCP is the best EV producer in the world 😮😮😮
Should be interesting to see what happens in a year or so when Tesla intros its entry level $25K EV.
In a year from now, it will be a year until it’s available.
@@softwarephil1709 Why do you say that? Seems like it's a pretty definite commitment to get something out in first half of 2025.
If they ever do produce a cheaper compact car. Tesla has gone in a different direction and are all in on Robo Taxis and humanoid robots.
Sam, I agree with your concerns. Even if the West wasn’t already close to war with China, it isn’t safe for only one country to manufacture cars, solar panels, batteries, wind turbines, etc.
Germany and Japan learned the hard way during WWII, and the South learned a similar lesson during the American Civil War, that all other things being relatively equal, the larger manufacturing and energy power wins the war.
Even if the West stays at peace with China, and I’ll give even odds on that right now, monopolies always wind up taking advantage of their customer/victims after wiping out the competition.
Lets get cause and effect cleared up shall we? There is only one country pushing for war and is actively manufacturing consent for one, and it ain't China.
China has many monopolies in manufacturing but other countries are thriving except for the west. China is not hostile and the world is bigger than you know.
You are talking about US cars n EU cars right?They are monopolising their markets with very high prices right now
Yes. And China should crash European luxury bramds and automobiles, cheese, wine ans dairy. Limit sales of rare earths. Encourage the global south to industrialize, abrogate their trade agreements with EU that is lop-sidedly in favor of EU, increase price of raw materials. Europe has nothing to offer except its educated workforce. Does not have raw materials. Dows not even have its own foreign policy. Let them beg and buy their needs to US and Canada
BYD is smart to offer hybrid cars. For most people, hybrids are much more practical than BEV.
That's utterly dumb. It's fore the easy to scare ones. BEVs are far superior. You come double as far with the same energy with BEVs than with ICEs. Less parts than ICEs and PHEVs. Batteries, motors and electronics are way too long lasting.
In 2050 there will only be BEVs.
PHEVs are only transitory.
People are such noobs ..so they are scared of BEVs...like many were of ICEs when they first came out...
Except they cost even more than ICE for servicing.
One tank of gas can go 2500km
@@budawang77 People have been paying hundreds for a service of their old ICEs since forever. Was it ever cheap? Not mentioning the little battery packs in a PHEV probably cost nothing in the grand scheme of things. The main hurdle is convincing people in this world of misinformation and prejudice. I mean Toyota hybrids don't get this kind of flak do they? Why, are they cheap to service? probably not.
Yaay first comment! Enjoy your time in there!❤
Yay! Thank you!
Why would I be scared of an economic high-quality car?
Monopoly? What are you on about?
I feel sorry for EV purchasers because they aren't getting the maximum value that EV technology could offer. They are getting all the AI driving bloatware that's near useless in its current form. Many EVs can't stop you from crashing into another vehicle when driving in human mode as a safety measure, which would be far more valuable than FSD near term and far easier to implement. Something tells me that Tesla and some others have their priorities completely wrong. Unfortunately other EV makers just copy what Tesla tries to do, so along with doing some of the good things, they end up doing the same stupid things.
Why use the negative word SCARY? There’s nothing scary about it.
Sam, it is important to remember that it is the BIG US automakers that produced the tanks and jeeps and whatever else that helped the US win WWII. America is not stupid. It will not let its auto industry die…
And kodack made the cameras and film for the war effort.
The situation is, the legacies can't stomach the losses to their profits when ramping EV to 200k+. They say they plan to do x amount to appease the crowd. They don't have the mean to reach profitable even for the $50k price point, let alone under $40k. Reading between the line, any cheap model they introduce is a bigger loss for them. While they try to each profitable at $45k price point, maybe in two or more years. Tesla would have their current offering much lower by then, and the subsequential low-cost models that would be in the mid or low $30k, high margin low cost for Tesla is a death sentence for the legacies.
American need Chinese batteries to power their cars
No kidding didn’t you just like buy a multi thousand dollar car from China? 🙄
To be fair, China's supreme leader, chin-jon-noonecares, has made it very difficult for his people to buy a gas cars, so this isn't a win for the EV industry itself but proof of how effective monarchies/dictatorships are
Never heard of air pollution or smog? Why would they encourage people to buy ICE cars to pollute their cities while they still need to import oil with large amount of money?
Ten years ago, the air quality in major Chinese cities was severely impacted by the vast number of gasoline-powered cars, making these cities almost unlivable. Experiencing this firsthand would make it clear why China has such a pressing need for electric vehicles.
你可能不知道，中国的燃油车几乎也是全球最便宜的，长城、吉利、长安等很多品牌可以选择，比亚迪汽车以前都是做燃油车的，甚至很多德国车也便宜过德国本土。不是燃油车更好，而是电车更有性价比，更好的驾驶体验，对环境更好，我们中国人真的很注意环境，减少碳排放。
We get it. China is buying EVs. I dont live in china.