Could be!
.
Posted on 01/25/2024 8:02:25 PM PST by DoodleBob
Elon Musk’s Tesla has been one of the largest electric vehicle manufacturers in recent years thanks to its range of reasonably priced, high-tech EVs like the Tesla Model Y and the newly introduced Cybertruck.
Chinese manufacturers have made huge progress in recent years by expanding across Europe and North America with the aim of securing a significant global market share.
Major Chinese firms can benefit from cheaper production costs and greater access to materials needed to manufacture electric vehicles, putting them ahead of the competition.
Elon Musk has now warned that manufacturers from China will have “significant success” outside of China, depending on the tariffs or trade barriers in place.
Speaking at Tesla’s earnings calls on Wednesday, Musk said: “Our observation is generally that Chinese car companies are the most competitive car companies in the world.
“If there are no trade barriers established, they will pretty much demolish most other car companies in the world. They’re extremely good.”
BYD, which is backed by Warren Buffett’s Berkshire Hathaway, overtook Tesla to sell more electric vehicles in the last three months of 2023.
The Shenzhen-based manufacturer sold a record 526,000 battery-only vehicles compared to 484,500 Tesla EVs. BYD also sold more than three million “new energy vehicles” through electric cars and hybrids across 2023.
The controversial billionaire downplayed the quality of Chinese cars in 2011, dismissing companies like BYD for the quality of the vehicles.
He has since backtracked on those comments, adding that BYD – which stands for Build Your Dreams – was “highly competitive”.
In November, Musk suggested that in the future, the 10 best-selling car makers would be Tesla and nine Chinese manufacturers.
Tesla has attempted to remain competitive with other brands by continually slashing prices. The cheapest options now include £39,990 for the Model 3 and £44,490 for the Model Y, while the Model S (£77,985) and Model X (£82,255) can be purchased from the existing inventory.
According to Reuters, Tesla now has plans to start producing a cheaper, mass-market electric vehicle, codenamed “Redwood” believed to begin production in the second half of 2025.
The next-generation EV is expected to be manufactured at the company’s Texas factory.
Previous reports suggested that Tesla was looking to launch a cheap, £21,700 electric car, with production of the vehicle being supported by the Berlin Gigafactory.
Demolish perhaps EV makers, but, they’ve been self-destructing by making those EVs anyway.
E$Vs sounded like a good idea over 100 years ago, but they still can’t compete against ICE cars. The Chinese can’t compete against the ICE car makers. EVs are not wanted and on the way out anyway.
Michigan -> Trump
He praises China more than America, sets up shop in China, China copied lots of his tech and now he complains of Chinese imports.
Our EV’s will burn theirs down…..
Musk thinks Chinese cars are the chink in our armor?
I would be less even likely to buy a cheap, crappy Chinese EV than I would a Tesla. And that chance is zero.
President Retard will probably flood our market with cheap battery cars just like he floods the border with cheap labor
While your 100 years ago point is interesting, don’t forget
that the ICE car has been accepted and somewhat perfected
over that 100 years. The electric was allowed to die off.
I submit that it might be better for the electric, if it
had been pushed for 100 years.
Look, I don’t think electric is viable on as broad a scale
as the ICE car, so for me it’s kind of a mute point.
Each mode of car will find its nitch, and rise or fall on
it’s own weight.
The government can’t manage what people want to buy, and
if Trump comes in, you can forget the EV mandates that the
dreamers are going to start having nightmares about.
People will pay for quality and reliability. But don’t force them to buy electrics.
Could be!
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The batteries used in EV cars from China and elsewhere....
US Dept. of Labor report:
List of Goods Produced by Child Labor or Forced Labor
https://www.dol.gov/agencies/ilab/reports/child-labor/list-of-goods-print?items_per_page=10&combine=china
Global imports of lithium-ion batteries from China were reported to be over $16.5 billion in 2020. Of the $4.3 billion in lithium-ion battery imports to the United States in 2020, 47.22 percent ($2.1 billion) were imported from China.
This research suggests that further downstream products containing lithium-ion batteries may be produced with an input produced with child labor, such as electric cars, laptops, and cell phones.
range of reasonably priced.....
Where are the $10,000 dollar cars and trucks?
When I was in China about five years ago, the import duty (tax) on a foreign made auto was about 100% of the price. Of course if it was a “foreign brand” manufactured in China like say Jeep, there was no such duty.
Perhaps, such duties need to be examined to promote a level playing field.
Chinese EVs in their naive environment:
Driving Covered with a Blanket, No AC, Even Pushing Cars! China’s EVs Only 30% Range in Winter
https://www.youtube.com/watch?v=Gf9Ax4Crcy8
Huawei EV Crashes Into BYD, AEB Out of Control? China’s EVs Are Just Rubbish
https://www.youtube.com/watch?v=EzNONy3Q6Rg
I believe you posted the key here..
“EVs made research on the batteries to move forward faster.”
That is why I stated it would have been better if the EV had been pursued
for the last 100 years. Batteries would have progressed so much more by now.
I’m not advocating EVs as the Left does by saying that. It’s just that the tech
would have benefited.
I believe BYD's success is due to copying Tesla designs and technology. Also that Tesla had to sue them for infringement of software, and BYD had to back down and stop using the Tesla software. That's what China does; they copy western ideas and openly pirate them for profits. The early Chinese EV's were nearly identical to Tesla cars, even down to interchangeable parts.
Where are the $10,000 dollar cars and trucks?”
In the history books. There will never be new cars for those prices ever again regardless of the drive train used. The entry price for a vehicle USED that’s newer than 5 years with less than 100,000 miles is $15,000. Google will gladly list prices from all the major used auto websites such as autotrader, cars.com or carmax. Search Craigslist for any metro area only ten plus he at old cars will approach 10k most will still be 12k or more. This is what happens when you create six trillion in new monetary supply out of thin air via the printing press. The U.S.dollar is worth 30% less today than it was in 2019 before the printer went buuurrrrr. This is the new reality and it won’t ever go back to prior valuation without a drastic contraction of the Q3 monetary supply which means never.
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