Why the big car companies are losing China | Business Beyond
Big carmakers like Volkswagen and Toyota were once top sellers in China. Now they’re rapidly losing ground to a new generation of Chinese companies luring local buyers with advanced - and affordable - electric vehicles. Business Beyond looks at what legacy carmakers got wrong, what Beijing got right and how the next few years could reshuffle the global car industry.
Chapters:
00:00 Introduction
01:20 ‘Nobody thought of China’
04:41 New tech, new chance for Beijing
07:17 The Tesla effect
09:37 Don’t forget karaoke!
12:55 Price war
13:43 Made in China, sold worldwide
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#VW #China #business
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.
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
It's extraordinarily difficult for big, established companies to ditch their old systems and technologies because nearly all of management in the company is tied to the success of those old systems and technologies. VW is clearly trapped in the *"innovator's dilemma".*
DEM....PILAFIAN V W SLASHES PRICE OF. ID3 SMALLEST CAR PRODUCED IN CHINA. ,,TO BOOST. EV SALES,,, STARTS AT UNDER $ 18000..... AT VOLKSWAGEN NEW ENERGY FACTORY IN SHANGHAI... SO WHAT IS YOUR STORY ABOUT,,,, GREETINGS FROM ASIA...
BYD CHEAPEST SELLING PRICE MODEL UNDER USD 10 K
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..
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。@@user-ek9go3kf2w
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.
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
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😅😅
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.
The future is China. Westerners do not want to recognize the future in China.
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!👺🤗👹
@@joerosen5464 you think Google and Facebook don't know where you are? Uncle Sam and the police knows exactly where you are with your made in China iPhone.
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.
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.
I live in Brazil. Just replaced a VW T-Cross for a BYD Dolphin. The same price, but Dolphin is a lot of better.
Thanks for choosing BYD! Chinese BEV brands are booming, and VW & Toyota are really dangerous because no young consumers choose them in China.
VW electric car is selling much cheaper than BYD in China and yet no one is buying VW electric car, but people are still buying their fuel car here.
@@luckyh1217how is Tesla doing in China?
@@greenearth9945 About 50000 Tesla Model y Were paid by Chinese every month.. And it's the most popular car in Chinese market.
@@greenearth9945 And the second popular car is byd doping. About About 45000 every month. Hope it can help you.
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…
Volkwagon?
@@SERGIO-cr6uyWOKESVAGON
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
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…
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.
@@Shimra8888 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.
@@Shimra8888 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.
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
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.
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
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.
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.
just subscribed your channel, great job with telling the history of the car industry. Thank you very much.
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..
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
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.
@@_F_Y_tell me the truth
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!
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.
@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”
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
Don't know what is happening in New Zealand, but here on the west coast of Canada electric and hybrids are all over the place, pretty much all taxis are hybrid now, Teslas everywhere, regular gas stations are installing electric charging points as well, all new buildings have to have electric charging stalls and that has been going on for the past 8 years or so, random charging points in remote areas. Electric is on here big time. When I was in EU last summer I was surprised how few electric/hybrid cars were driving the streets. Not chinese electric cars over here though, as for myself, I would not go chinese but I'm sure that many ppl would.
@@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.
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).
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.
one of the key advantages Chinese car brands have overseas would be their cheap price point. Even if they mark it up around 10-20% for overseas buyers, they would still be one of, if not, the cheapest car brands there. A prime example would be Australia with the MG3, even though apparently, the MG3 is sold for less than 15k AUD in China, it's being sold for around 20-25k AUD here in Australia, yet it's still the cheapest car model you can buy brand new.
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
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.
Very insightful. Thank you for sharing
I have two cars. VW Golf R MK6 BYD Han EV. Both are great!
EV's are Gay-Cars 😂
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.
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
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
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.
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.
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
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.
i brought a Volkswagen CC at local cn market, very expensive and the aftersale cost a lot. a lot failures after drove 50KM, the EA888 was a disaster
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.
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.
by the way, the benz EQE selling at 49000usd in china but still hard to sell, how much is it in your country?
I've been a passenger in a BYD. Car's quality is much better than most of its European rivals in its price range.
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
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 2010 Passat was absolutely awful, and I got it before that exhaust scandal, every few thousand miles my back tires were down to the threads and we couldn’t work out why but they said “that was how it was set in the factory and can’t be adjusted” Eventually I had a blow out and it took me off the road and I never went back to VW, sticking with Asian cars now and it’s great
And Chinese people don’t dislike Tesla, cause it’s the only foreign brand that sells in China for the same global price, compared to German cars
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
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...
As a customer I'd always rather s Chinesse high quality and cheaper options . Thanks China for this! ❤🇨🇳
I bought BYD ATTO 3 in march this year in the Netherlands 🇳🇱 and i am just loving it. From build quality to ride comfort. From vegan leather to full options that you get for the price you pay is just amazing. Best value for my money. Not like my old BMW that i paid almost €50,000 and I didn't even have navigation live maps for free. I had to pay €88 per year for live maps. Ridiculous. It almost feel like that all these years these car companies were robbing us. I am done with overpriced German cars. I hope they all go bankrupt for robbing us all these years.😁
I share your sentiment completely. . It's kind of satisfying to see VW and Mercedes losing their grip, even though I used to be a hardcore Mercedes fan. I once even thought that Mercedes would be the only brand I'd ever stay loyal to for life. However, the situation changed so swiftly. Now, I'm proudly driving a Nio ET5. Living in China, I got it at a significantly better price than what I would have paid in Europe, making the choice between it and the Mercedes EQE a no-brainer.
@@lehung541 I really had hard time choosing between BYD and Nio. I went for BYD because blade battery. But for sure Nio is on my buying list 😁 maybe next car will be Nio.
Atto3在中國只是中低端車型，賣價也遠比BMW的車賣得便宜。我相信你看過NIO 理想 極氪的汽車你會更加印象深刻
Your car is not a year old. You can say nothing to the durability or any other quality issues. Their is a Big battery Explosion issue in China at the moment. So I wish you good luck with your nice china car.
@@Papermaker. thank you for your concern. But if I have to buy BYD again. I will buy it again :)
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. 😊
Since Tesla came, China is making better cars???? Sounds like no foreign luxury brands here before Tesla in China :)
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
The idea of switching to EVs also blossomed in China due to the growing pollution problems. Companies saw that as an opportunity and poured money into EV R&D programs. Affordable EVs are very very important if we want the world to make a shift away from gasoline cars and i see very few car makers doing that in EU. That is also a big reason Chinese automakers are becoming more popular among masses.
I think that was the number one reason at the beginning. To control air pollution, depending on your license number, a certain day of a week, you can not drive your car. Also, to buy a gas engine car in Beijing, you have to win a ”lottery ticket” first. To buy an EV car, you only need money.
How will they manage to produce batteries for 100 million cars sold worldwide? Where's the lithium enough to mine? Guess what, how about blackouts because Everyone plugged in their vehicle to charge.
As China was very far behind in its auto industry, it was able to go strait to new techs. And not only this: electrical vehicles, wind turbines, phones, online services, shipyards, giant dams, etc.
BYD is building EVs that directly go to the junkyard, just to meet production goals. Pollution is not a thing China cares about.
Yes, but don’t forget that switching away from fossil fuels is also in China’s general best interests too. China hasn’t enough fossil fuel resources to meet its needs, so has to rely on spending lots of money buying such fuels from states some of which regard China as either a competitor or even an enemy. Switching to EV makes sense for China on many levels.
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.
Thanks as always Charlie.
politicians with an educated background in their position = good
As a Moroccan I am super impressed by the chinese. They really understand how to navigate markets and they adapt and innovate at a rapid speed
They just sell cheap, subsidise and even sell at a loss. Selling at true cost for profit and nobody would care about their products.
as a chinese, i can tell you this is just beginning....you will see more chinese companies leading in more industries in coming years... the west never report real news on china....China will be future is over... china is future now...
they do it by slaving their employees
@@user-vy7vk1uu8uso what?
@@user-vy7vk1uu8u then the most power country is north korea
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
very interesting and well researched documentary!
I've always said this here, how long did it take to put a mere Android in a car? I had a simple Android mobile phone and just years and years I saw some "mirror" in vehicles.
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.
WV = NOKIA after android
more like Kodak
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.
It has shown one thing. when you study something with own opinion and bias. Volswagens is selling less simply because their products just not better than BYD or even Huawei. I just tried drive Huawei M7. I am so impressed by the autodrive tech. also the massage chairs inside the car, the auto parking............. so many new tech really open a new world.
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 think it’s great to the whole world that China has gone so far with electric cars, it helps us reduce huge amounts of carbon emissions and pollution. Right?
The carbon emission reduction narrative is only celebrated if it comes from a western entity 😊
No as China continues to rely on and build coal power plants to power ev production and “fuel” for them
@@kaseyc5078 China's green new energy growth is the fastest in the world, such as photovoltaic power generation, wind power generation, and hydropower generation. No other country can achieve the development speed of green energy in China
Technically yes, but only if they can deal with battery recycling and not losing some good designs of petrol cars. I have noticed that a lot of electric transit buses in China no longer have step-free access and wheelchair ramps that their older diesel counterparts had about 10-15 years ago. I have no idea if this negative design change is due to leaving spaces for batteries. Update: it seems that buses with steps also have wheelchair ramps, but with an extra step the angle is steeper and it can make the ramp harder to use. And the most confusing thing is there are step-free models but they are not as common as the ones with steps, at least in the city I am living in.
@@kaseyc5078 China's new coal power plants are mainly "stablizing" plants to stablize the grid so that it is not overwhelmed by the volatility of solar and wind power capacity - you cannot rely on a dominantly volatile power supply. That is a key point largely missed in the discourse in the western society. And most EV users would charge their cars in early morning when the power is cheap, because/while the grid has a larger share of clean energy from water and wind.
Great vid . You don’t hear about any of this elsewhere . We’ll done DW !
What is the purpose of the background music? I have a hearing impairment and can not hear the dialogue because of the music.
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
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 KZhead 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
Avatr 12 is the BEST EVER Chinese EV car. It was actually designed by a former BMW designer. A MASTERPIECE. I have never fall in love with a car and this is it.
In fact ,i want to point one thing in this video ,Chinese government has insisted on their policy for ev car industry for 10 years before Tesla came into China,China will develop EV industry finally ，because car industry could provide some working position with high salary ,Chinese people want to have good life ,this industry must be successful .
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.
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
In 21st century doesn't matter how expensive a car. Like with diamond or any expensive materials..only matter cheaper and smooth. People don't want show anymore their status from which one they riding
I didn't see any VW in Shenzhen during the 3 months there in 2023. There are several electric cars other than BYD.
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
First, the issue isn't that VW and other Western manufacturers don't know how to write software - the problem is that they don't know how to do much at all. They are system integrators, not engineers. They buy entertainment systems from Bose, brakes from the same two or three companies, electrical components from Bosch ... and they are limited to the functionalities those companies provide. The systems have to talk to each other and those suppliers have so much power they limit what they will do to let VW have an advantage over Ford, say. Bose will tell them "no, we don't do Karaoke, and we aren't going to". The Chinese just do what needs to be done. Tesla do what needs to be done. It's not the Chinese that are blowing away Western manufacturers, it's the Chinese and Tesla. They're breaking the industry mould and the traditional manufacturers are too stuck in that mould to move and compete.
Europe doesn't have enough talents in the software industry.
@@leanliferEurope have lots of good programmers. It’s just that the leadership don’t know how to use their talent.
Short term gains means they gave away their software industry in 2000 by offshoring to india for cheap wages.
Western consumers typically don't want to deal with any user-facing car software at all - they prefer Apple CarPlay or Android Auto to take over, and for the car to just provide the peripherals for it (display, speakers, etc.). That also solves the issue of obsolescence and future support.
@@realharo This probably will change in the future. Allowing Android auto and Apple Carplay in the car is not doing much good for automakers. This is why Tesla doesn't offer either one.
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.
When my dad got his first driver license in 2005, he learned driving from a old VW, and he was trying to buy it.
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.
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.
Very good report and especially the comments of Felix Lee who's father worked at Volkswagen and was faced with the Volswagen investment in China beginning in the 1980 years. He wrote a very good book about this issue!
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 🫠
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.
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.
Yea BYD is going hard on the international scene in Jamaica BYD is getting big big attention I see them alot now on the roads software is a big part of that success
Always fun to see discontinued VW models. Originally Santana. Then Passat sold as the new Santana
One of the very frew unbiased and fair reportings by DW.
Yes. It's such a big surprise that I even watch the whole video to test myself. I have to admit I have bias towards DW(also BBC, etc) before.
Ah yes, the coal powered chinese electric cars, facktastick! DW number one!
@@Hk7762Tube What do you mean?
DW is still talking nonsense where people do not check.
Chinese brands will also dominate sales in the pacific (Australia & NZ). We already know that chinese tech is on par with Western brands, if not better!
Thoroughly efficient car that needs little to no maintenance that starts at the first turn even on the coldest morning with just the right amount of head and leg rooms, able to haul enough loads and looks great is the car that could make any carmaker a success overnight.
We know how big companies like VM works, strategy changes like turn to EV will never be supported until the high level management got "surprised". But at that time, it's already too late.
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.