| ▲ | tw04 a day ago | |||||||||||||||||||||||||||||||||||||||||||||||||
> Now a few years later, you can buy a BYD for 26k, that does 450km (ext version) on paper. That same BYD is WAY more fancy, tech gadgets etc... Right, because the other $26k is being subsidized by the party. And much like the US found out with rare earths: once China has the market cornered, the price will rise and/or they’ll use access to their goods as a tool of war. They’re playing the long game and western nations seem unable or unwilling to do the same. | ||||||||||||||||||||||||||||||||||||||||||||||||||
| ▲ | adrianN a day ago | parent | next [-] | |||||||||||||||||||||||||||||||||||||||||||||||||
That might be true, but it doesn’t matter for the buying decision of the individual consumer. | ||||||||||||||||||||||||||||||||||||||||||||||||||
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| ▲ | saxenaabhi a day ago | parent | prev | next [-] | |||||||||||||||||||||||||||||||||||||||||||||||||
There are/were plenty of subsidies on EV cars in US/EU. Also chinese companies innovate better and have more efficient supply chains that western ones. The push to ban chinese automakers is stupid because it punishes customers at the benefit of automakers. Crony Capitalism at its worse. | ||||||||||||||||||||||||||||||||||||||||||||||||||
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| ▲ | benjiro 17 hours ago | parent | prev [-] | |||||||||||||||||||||||||||||||||||||||||||||||||
Your also forgetting that Chinese cars have a large import tariff. Current rates are BYD (17%), Geely (18.8%), and SAIC (35.3%). > And much like the US found out with rare earths: Rare earths is not rare at all. China has a cornered the market on processing those minerals for cheap. The problem is that we in the West have no appetite to actually support companies to process those "rare" earths. And the US is really the last country to even talk about batteries, when the arrested 300+ Koreans that worked to get a US battery plant going. > They’re playing the long game and western nations seem unable or unwilling to do the same. Its not just a government issue, its a companies issue. You think that car companies in Europe do not get subsidies? Have you ever looked at how much subsidies they get opening new plants or renovating plants? Reality is that a lot of car companies enjoyed their little monopolie positions in Europe. Sure, we got a lot of brands, but in reality its a illusion of competition, as most brands are owned by a few big companies. China had a different situation, where yes, there was subsidies from the government (and a lot of misuse of those subsidies), but you had 100's of car manufactures entering the markets. I mean, we talk about BYD often but BYD was not even a car manufacturer until 2005 ... The result is a strong competition between car makers, what resulted in a lot of technological development and a push to be better then the next guy(s). Constant copy and innovation work. Work to reduces prices to be able to compete better, as remember, their competitor also go those subsidies. We have this issue with our car industry only to thank to our own car industry. Frankly, i am happy to see the Chinese enter the EU market, for the simply fact that it pushed the EU car makers to actually start innovating again and offering more to the clients. The issue with competition to dead was a issue in new upcoming industries, like solar. Because their both sides started with the same level vs +subsidies. The car industry is a totally different beast with deep pockets and manufacturing capabilities. So lets not act like "poor EU car makers". | ||||||||||||||||||||||||||||||||||||||||||||||||||