• AA5B@lemmy.world
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    6 days ago

    They should be very concerned. However they have the advantage of time, place, protectionism. They already have factories and employees. The technology is known. They’re admitting they are aware of the market. The only way they can lose is if they don’t even try ….

    We’ve spent years saying how short sighted they are to not be able to look ahead of the immediate term, now they’re admitting they can’t even look ahead 2-3 years

    • set_secret@lemmy.world
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      6 days ago

      We have byd in Australia, and Australia has extremely high standard car safety regulations. The byd cars pass those, so China can’t be that terrible at making stuff. Like iphones for example, i bet you have one of those.

        • set_secret@lemmy.world
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          6 days ago

          Lol OK, an OTA update is just horrendous, clearly irrefutable proof of china’s horrible manufacturing standards, It’s not like idk Tesla and every other manufacturer of cars hasn’t had to do the same multiple times already.

          Maybe leave you xenophobia somewhere else or go back to reddit? Your quick google search is embarrassing you.

          • beejboytyson@lemmy.world
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            5 days ago

            Wow, I show you proof you wrong and you answer is “what about them” and “your a racist!!!” Gl not being able to think, you brainrot is serious, start watching and listening to people smarter then you.

            • set_secret@lemmy.world
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              5 days ago

              It’s laughable how you think an OTA update is proof of “horrible manufacturing standards.”

              Newsflash: Tesla and almost every other car manufacturer do OTA updates and recalls all the time. It’s standard practice to fix issues and improve software without dragging cars back to the shop. Singling out BYD for this shows a lack of understanding of how the automotive industry works.

              Calling out xenophobia isn’t a “whataboutism.” It’s pointing out a real issue in your argument.

              And for the record, my brain isn’t “rotted.” It’s perfectly fine and capable of recognising logical fallacies and biased thinking when I see it. Instead of throwing around baseless accusations, maybe take some time to understand the broader context before embarrassing yourself with poorly thought-out arguments.

              Attacking others is usually a sign of intellectual insecurities. Perhaps work on your arguments rather than resorting to name calling and straw man tactics. It’ll make for a much more credible discussion

                • set_secret@lemmy.world
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                  5 days ago

                  I don’t think i used any “buzz words” here, the language i used was pretty simple.

                  Please elaborate on the “buzz words” i have no knowledge of, and maybe expand on how you’re reaching those bizzare conclusions.

    • afraid_of_zombies@lemmy.world
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      7 days ago

      June 11th 2024 GM announced that the board approved a 6 Billion dollar stock buyback plan.

      That is a direct wealth transfer from the company to the owners.

      We have met the enemy, and they are us.

        • afraid_of_zombies@lemmy.world
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          7 days ago

          And this is why we will bail them out again.

          That 9 billion could have been spent on making a low cost EV to compete. It could have been spent as retention bonuses for their best workers. It could have been spent so many things that would secure their future in a changing world.

    • sunzu@kbin.run
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      7 days ago

      God forbid these parasites have to compete.

      Z HORROR, HORROR, I TELL U

      • ShepherdPie@midwest.social
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        7 days ago

        Are you arguing there’s no competition in the US or are you arguing that China should have to compete without the subsisides?

        • sunzu@kbin.run
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          7 days ago

          My thesis is that China’s biz took state aid and made into something…

          We provide state aid to our industry and they just sole that money, now that China is caught up, they are crying for more state aid.

          Another example Intel, blows 50 billion on stoke buybacks, tax payer gives them 35 billion for fabs in US, Germany gives them 10 for one in Germany.

          Clown capitalism right there.

    • ChocoboRocket@lemmy.world
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      7 days ago

      For what it’s worth, a government can absolutely subsidized an industry in an attempt to capture a foreign market.

      There’s a reason Japan and Korea have their own auto industries despite being next door to the largest manufacturing nation on earth, and it isn’t because they’re somehow making and distributing them for even less than China.

      That being said, several automakers have blindfolded themselves about the type of cars people want. I do hope this threat is significant enough that automakers actually shift to mini-electric transportation options.

      If not, I’d be happy enough buying a small Chinese electric even if the taxes made it equivalent to a larger “western” vehicle. Because it’s what I want to have available to me and it’s nice to fuck capitalists with capitalism.

        • Dudewitbow@lemmy.zip
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          7 days ago

          its less about the subsidies and more that budget buyers in the U.S in particular are very picky buyers.

          while the federal/state EV tax credits, you can get vehicles like the Chevy Bolt for 20-22k. regardless the car still isnt that popular (meaning theres something specific about the car that buyers dont want).

          for those buying used cars, theres not mamy reasons why someone would buy a say new 18k-20k EV that had many cuts in design vs an older premium EV. Used 2016 Model S for example can be found near 16k. its a new cheap car vs used premium car debate

          this places a burden any any auto maker trying to make a budget car, because in order for it to sell well, they need to have razor thin margins, and sell a lot. failure to do so would spell the end of your compamy due to how many you produced.

          • bradorsomething@ttrpg.network
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            6 days ago

            I feel you strongly misunderstand the financial position of a lot of americans. They buy what they can afford, and would love a cheap new option in the market.

    • GingaNinga@lemmy.world
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      8 days ago

      Ya if they want to survive its time to adapt and compete. This is what complacency sets up and I don’t feel bad for them at all. They saw this coming and probably just sat there expecting a bailout.

      • girlfreddy@lemmy.ca
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        7 days ago

        This is what happens when the one ring of profits rules them all. US automakers don’t give a shit about anything other than their bottom line.

      • girlfreddy@lemmy.ca
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        7 days ago

        I remember that time, when American car makers screamed bloody murder because Honda was killing them. Good times.

    • flambonkscious@sh.itjust.works
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      7 days ago

      This isn’t competition, it sounds like the CCP heavily subsidises the manufacture, in an attempt to kill the American industry off.

      Thinking in decades or centuries is a very powerful tool!

      • SeattleRain@lemmy.world
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        6 days ago

        The US subsidizes their EV industry twice as much as China. The real why China can do this is because the US has gutted their industrial base in favor of financialization while China built up their industrial base.

          • SeattleRain@lemmy.world
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            6 days ago

            No that’s just the US not being competitive because stock buy backs and layoffs are easier than building good cheap cars.

            • flambonkscious@sh.itjust.works
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              6 days ago

              …or both. Think about it, if what you’ve said is completely true (I don’t disagree, BTW), why would they bother subsidising?

              They’re trying to ring fence the market. That the US is helping then is only vaguely related

              • SeattleRain@lemmy.world
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                6 days ago

                But it’s not both. How can you produce something for cheaper with less subsidies unless your just better at it.

                It’s like saying the winner of a race had an unfair advantage even after giving their opponent a head start.

      • UnderpantsWeevil@lemmy.world
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        6 days ago

        This isn’t competition, it sounds like the CCP heavily subsidises the manufacture

        China: “Here, have a bunch of cheap electric vehicles to replace your aging fleet of ICE engines. Don’t worry, we’re picking up a part of the tab.”

        Americans: “What a great deal! We’ll buy them in droves.”

        State Government: “Not so fast! This wouldn’t be fair to honest, hard working domestic car companies like Tesla and Volvo and Toyota.”

        Thinking in decades or centuries is a very powerful tool!

        Shame we’re only capable of thinking about the next quarter’s profits.

        • Lad@reddthat.com
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          6 days ago

          There’s something very amusing about the nominally communist China beating the capitalist powerhouse USA at its own game.

          • UnderpantsWeevil@lemmy.world
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            6 days ago

            Large professional centrally planned economies do a better job of managing scarce resources than a pack of ill-informed and uncoordinated Wall Street Lemmings.

            • WildPalmTree@lemmy.world
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              6 days ago

              Sometimes. And when they dont, there is no one to stop them. It’s the age old problem of a wise despot. Just dressed in different clothes.

              • UnderpantsWeevil@lemmy.world
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                6 days ago

                It’s the age old problem of a wise despot.

                When you’re governing wisely, there is no need to be despotic. Conflicts and contradictions necessitate a large militant police state to keep the lower class in line. But when you’ve got generous surpluses and a rising quality of life, people are generally happy and easy to govern.

                • WildPalmTree@lemmy.world
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                  6 days ago

                  Despot means you have absolute power. It doesn’t mean you use it badly. It just means you have the potential to.

    • Flying Squid@lemmy.world
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      7 days ago

      On top of the other things people are saying, I guarantee that the U.S. automakers will do a “China will take your jobs” thing if this happens.

    • Allonzee@lemmy.world
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      7 days ago

      Because “free markets, competition, being voluntary” are propaganda by capitalists using their owned media and purchased government to make its victims double as it’s defenders.

      The goal of market capitalism is to end competition, manipulate the markets to your advantage using anything from bribery to cost benefit analysis of potential consequences to potential profits, and conspire with your economic sector to coerce the workers you need into accepting less.

      This is just expanded indentured servitude with a marketing team.

    • Aux@lemmy.world
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      7 days ago

      Because the US is an authoritarian pseudo democracy being run by cartels. And free market and capitalism is a death sentence for them.

      • FuglyDuck@lemmy.world
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        7 days ago

        It’s hilarious to me that you neglect to mention that the Chinese government is heavily subsidizing the vehicles specifically to undermine other automakers.

        Not that the US are the good guys here, but this is just more of the trade war crap between China and basically everyone else.

  • Pat_Riot@lemmy.today
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    8 days ago

    Or , hear me out, what if US auto makers stop trying to force overpriced oversized trash on us? Maybe try to compete?

  • jaschen@lemm.ee
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    7 days ago

    I’m super conflicted about this. I want cheap EVs, but at the same time, China is intentionally dumping their prices to kill competition so they can later jack it up.

    • schizoidman@lemmy.mlOP
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      7 days ago

      The opposite of dumping is happening. For example the Kia EV5 is sold at [$20k in China](https://electrek.co/2023/11/17/kia-launches-20k-ev5-electric-suv-china-rival-tesla-model-y/) while the same made in China model is sold overseas [Starting at $46k](https://electrek.co/2024/04/04/kia-set-to-export-this-all-electric-suv-at-a-price-that-undercuts-tesla/)

      • jaschen@lemm.ee
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        7 days ago

        KIA is also dumping. Those prices are not sustainable. Doesn’t make it right if others are doing it.

        • schizoidman@lemmy.mlOP
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          7 days ago

          Well at least whatever profit Kia can’t make in China due to the low price. They can hopefully gain back from markets outside China thanks to the lack of competition driving prices down.

      • jaschen@lemm.ee
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        7 days ago

        I mean, EVs are not going to save the earth. Investments/innovations into our infrastructures will.

        Nuclear power is the only thing currently that can save us. Unfortunately, we have ill-informed people not understanding what nuclear is.

        • nondescripthandle@lemmy.dbzer0.com
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          7 days ago

          No single thing short of abolishing the entire US Military (the singles largest polluter in the world) isn’t going to be the thing to save is. It’s about taking ALL the steps you can to make the world able to be saved. Not a great lens to evaluate personal decisions bases on if it solves the whole problem right away or not.

          • ShepherdPie@midwest.social
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            7 days ago

            Arguing for everyone to go out and scrap their current car just to buy a new one isn’t going to do anything for emissions. You realize building a new car creates more pollution than just buying or using one that already exists right?

            The commenter above is claiming that we’re all going to die if we can’t all go buy a new Chinese EV for $10k, which is absurd and counterproductive to reducing emissions.

            • nondescripthandle@lemmy.dbzer0.com
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              7 days ago

              Arguing for everyone to go out and scrap their current car just to buy a new one isn’t going to do anything for emissions.

              Literally no one said that everyone should get a new car.

              The commenter above is claiming that we’re all going to die if we can’t all go buy a new Chinese EV for $10k

              No they’re saying market fairness doesn’t matter if you end up dead from climate change. Like the roughly 250,000 people a year who’s deaths can be attributed to it. Climate change is already on track to kill us, we need to actively stop it, no one thinks not being able to buy a Chinese car is going to kill them. It’s the thing that’s already killing them that we want to stop. A cheaper EV gives those who would otherwise be buying another ICE car a better option. They shouldn’t have to wait for arbitrary reasons to be able to make greener choices.

              • ShepherdPie@midwest.social
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                6 days ago

                It won’t matter how fair things were if we are all dead.

                What other conclusion can you get from a comment like this? “We’re all dead unless we can all get our hands on these cheap Chinese EVs.” We can’t drive two cars at once meaning we must get rid of our current vehicles, no?

                Who’s going to be able to purchase these cars if hundreds of thousands/millions of union workers lose their job due to these Chinese subsidies undercutting everyone else? That has a cascading effect on the rest of the economy if you weren’t familiar with similar scenarios happening in the past like when the housing market was manipulated by banks handing out ARM loans to everyone in 2007. If you think this is all about American protectionism, why is Europe imposing the same tariffs on China for the very same reason? They’re much more accepting of climate change policy and taking steps toward a greener future. Perhaps they also see something that you’re not here.

  • Feliskatos 🐱@lemmy.world
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    7 days ago

    China seems to be succeeding in EV vehicles, not just cars, airplanes too. I’m sorta pining for the days when we were talking about a North America Union. These days its all about protectionism and wars. :(