this post was submitted on 29 Jan 2024
30 points (100.0% liked)

[Dormant] Electric Vehicles

3201 readers
2 users here now

We have moved to:

!electricvehicles@slrpnk.net

A community for the sharing of links, news, and discussion related to Electric Vehicles.

Rules

  1. No bigotry - including racism, sexism, ableism, casteism, speciesism, homophobia, transphobia, or xenophobia.
  2. Be respectful, especially when disagreeing. Everyone should feel welcome here.
  3. No self-promotion.
  4. No irrelevant content. All posts must be relevant and related to plug-in electric vehicles — BEVs or PHEVs.
  5. No trolling.
  6. Policy, not politics. Submissions and comments about effective policymaking are allowed and encouraged in the community, however conversations and submissions about parties, politicians, and those devolving into general tribalism will be removed.

founded 1 year ago
MODERATORS
Sunshine@lemmy.ca
Ceres@lemmy.world
30
BYD is coming for Europe—but high labor costs, connectivity issues, and stubbornly loyal customers might trip up the Warren Buffett-backed EV maker that’s leaving competitors in a ‘state of shock’ (fortune.com)
submitted 9 months ago* (last edited 9 months ago) by MicroWave@lemmy.world to c/evs@lemmy.world
38 comments fedilink hide all child comments
 

If you asked the typical European or American about BYD a couple of years ago, only the biggest petrol-head or an astute follower of Warren Buffett’s portfolio could have given you a confident answer on what the company does.

It’s taken a brutal price war with Elon Musk and an ascension to the top of the Chinese car pyramid to change that. Now that it’s left competitors in a “state of shock,” BYD has become hard to ignore.

However, as BYD fights a declining share price, Europe’s automakers have a few reasons to be optimistic that they will fare better in a battle on home soil.

you are viewing a single comment's thread
view the rest of the comments
[–] hark@lemmy.world 1 points 9 months ago (1 children)

How are the tariffs like? I don't know about Europe, but the US has a 25% tariff on Chinese vehicles and they're even considering raising that. Seems like it'd be a major stumbling block.

[–] SharkAttak@kbin.social 0 points 9 months ago (1 children)

There's also the fact that when your country is renown for dirt cheap shit that maybe works, I don't know if I'd put my butt over a potential bomb.

[–] hark@lemmy.world 3 points 9 months ago (1 children)

China is known for cheap shit because of people cutting corners to make a quick buck (e.g. companies outsourcing to China and choosing the cheapest options to maximize profits). When it comes to vehicles, it doesn't work that way since you scare away customers if such an expensive item fails. China is capable of making high quality things and do all the time. Do you think Chinese phones are exploding all the time?

[–] SharkAttak@kbin.social 0 points 9 months ago (1 children)

No, cause that would stop the spyware.

[–] hark@lemmy.world 2 points 9 months ago (1 children)

A car is basically a phone on wheels these days so I guess that means the car won't explode either and we're all good. All brands of phones and cars spy on you now, by the way, it's not restricted to one country.

[–] SharkAttak@kbin.social 0 points 9 months ago (1 children)

Simp all you want, it won't change anything.

[–] hark@lemmy.world 1 points 9 months ago

If countries weren't afraid of Chinese EVs eating into sales of domestic vehicles, they wouldn't be applying tariffs like the US's 25% tariff on Chinese vehicles, a tariff they plan on increasing, by the way: https://www.reuters.com/world/us/us-lawmakers-want-biden-hike-tariffs-chinese-made-vehicles-2023-11-08/