BYD can capture the US EV market share easily - why isn’t it released here?
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just wait.
Last year, Chinese EV champion BYD dethroned Tesla as the world’s biggest seller of electric vehicles, counting both full-electric and plug-in hybrid cars
Because BYD makes cars that are even more cheap than Vinfast, and we saw how well that launch went. And granted, those were being sold at a hilarious price, but again, BYD feels cheaper on the inside.
Turns out that people living in developed nations aren’t as keen on driving cars built to a developing nation standard.
Turns out that people living in developed nations aren’t as keen on driving cars built to a developing nation standard.
The problem is that they aren’t. If you read reviews from Europe on these cars, they are what you expect of a car and most get at least as good reviews as the European and US manufacturers.
Anecdotally, my ATTO is built very well.
I had a domestic EU model before (Opel/Vauxhall Corsa), a small hatchback with pretty great build quality for the price, and it simply doesnt hold a candle to the sturdy feeling of the ATTO.
Because BYD makes cars that are even more cheap than Vinfast
They absolutely are not cheaper than Vinfast. BYD is way ahead of anything Vinfast has to offer.
I live in a developed nation and BYD is really taking off here.
The build quality is actually excellent. I own a Tesla and a BYD and although I prefer the Tesla, the BYD is better built for sure.
Not according to the famous documentary series Mad Max.
You kinda answered your own question. Domestic manufacturers will get obliterated like they did when the Japanese cars dominated the US market in the 80s. BYD will kill Tesla. TLDR: Politics.
when the Japanese cars dominated the US market in the 80s
huh?
EU spec cars are banned for that exact reason: they would take over the market because they are built better.
Yes, I know VAG and BMW are terrible, but they are still better quality than US builders. But my EU Toyota is light-years better than my US Toyota. It’s actually frustrating.
they are built better
i’ve heard lots of shitty takes but this one takes the cake
Says someone that’s never been in an EU spec car? There’s no comparison. EU automotive offerings would decimate the US domestic market, which is why they are not allowed to import within 25 years of production date.
r/Chinesium
The quality of the BMW i3 was amazing. While we can’t know for sure with the i4 yet, it appears to be a good car so far.
BMWs from the mid 2000s to early 2010s were notoriously difficult and expensive to service. Many of them also end up being neglected by the second owner, and many are driven roughly.
Tariffs against cars built in China. BYD and other Chinese manufacturers are apparently building factories in Mexico to get around the tariffs.
They are.
Just not with passenger cars. They are one of biggest (if not the biggest) EV bus/truck maker in the US.
BYD builds busses in Cali.
So they are “here”.
And eventually they’ll build cars in Mexico for US consumption. Just wait.:
And that division appears to be a complete mess so I wonder if they’ve gotten cold feet about further expansion in North America.
It’s really quite impressive how many systems have tested and ordered their buses only to back out despite them trying to get a foothold for over a decade now. Aside from any political considerations, given how many QA issues, long replacement part lead times and general sub-par support reported by agencies that tried BYD buses, I don’t know that I would trust a BYD car built in the States if it’s the same group of middle managers that would be put in charge of that plant.
Even in Europe, their bus division seems to be struggling (one especially funny but also alarming story out of the UK even states they had issues with the first batch of Enviros built on BYD chassises had their steering wheels coming off in revenue service) while Yutong has quickly gained ground across the continent.
The reality is that BYD builds only in China currently because labor costs (and probably parts costs sourced locally) are low. If they build locally in the US to avoid the tariffs, the price of their EVs will go up and won’t be as competitive (assuming they want to make profit). Better to sell to Europe until Europe also has a tariff on imports.
None to mention they probably have to do a complete redesign to meet us safety standards.
You don’t know much about this - they have d great European and Australian safety ratings - usa ones aren’t tougher
A car needs to have a good service rating to be allowed to sell in most European countries.
Labour costs are higher than ever in China, but supply chain and logistics are so efficient that its offset easily.
The majority of batteries are produced in China. Thats really their biggest advantage. I dont think any other manufacturer is planning their own battery production besides VW
What are you talking about? GM and Ford both have multiple battery factories planned in the US. Most manufacturers are planning their own battery production.
Yes, but it’s not about manufacturers making batteries, it’s about China’s dominance of the supply chain as a country. China refines 95% of the battery materials and makes 75% of the batteries. Much of that is because the Chinese government has subsidised battery manufacturing to put themselves in a dominant position, on average Chinese battery factories are running at half utilisation which is not viable for western companies. Also, they have much reduced labour and environmental protections and they ignore IP (the LFP patents which just expired).
China did not ignore the LFP patent. Hydro Quebec (LFP+C Consortium), the owners of the LFP patent had an agreement with China, that Chinese companies can make LFP batteries in China without a license fee as long as those batteries are sold to the local market. Reason was the original 1997 Patent sold by UT Austin to Hydro Quebec was not accepted under Chinese jurisdiction. Hydro Quebec didn’t want another long costly legal battle in China with only 10 years left on their LFP patent, so they made an agreement.
I dont think any other manufacturer is planning their own battery production besides VW
Stellantis, Mercedes: Automotive Cells Company
Toyota: Toyota Batteries North Carolina
Friendly reminder that Ford and CATL were chased out of Virginia because of the slightest hint of Chinese influence.
Well that was Virginia
No, no they weren’t. Ford made no indication Virginia was its choice. If you have any proof, please provide it. Otherwise, keep my state out of your misinformation.
keep my states name out your fuvkin mouth
Ford made no indication Virginia was its choice.
I read this a few times and I really don’t understand what you’re trying to say.
Ford wasn’t chased out of Virginia and Ford made no indication they were. There were concerns with their ties to CATL and the CCP.
The Governor himself rejected Ford’s plans for the plant. That goes way beyond simple “concerns”.
That’s because Ford had already chose not to come to Virginia. So, then, VA can say the CCP didn’t get to put down roots in our state.
Think about this
Although T. Cruz of TX and B. Sanders of VT can’t agree the outcome of 2020 election, they will, without any hesitation, draft anti-China legislation/resolution with no questions asked in DC
This is end of story pretty much.
A likely big reason is it being a Chinese brand. Politics change here every 2 years, even if current administration lifted tariffs which they won’t there is no guarantee that they won’t be backup in few years. It is not worth investing here for BYD right now.
Chinese brand
And a new one as well. Buying a car is not the same a buying groceries, it’s a large investment and people are hesitant when it comes to brands they’ve never heard of. That’s what’s happening in Europe, the Chinese manufacturers are taking off, but at a slow pace as consumers are skeptical, even though most of the cars get really good reviews by motor journalists.
But the Chinese know this and are offering really good deals to entice buyers and it’s working.BYD launched in Australia last year. I can already tell that sentiment towards them is improving (which is an uphill battle), and they are absolutely everywhere already.
Huawei
BYD can capture the US EV car market share easily
The car market in the US is dying. That’s why Tesla has such high marketshare in sedans. Everyone else discontinued their sedans, and even Honda and Toyota are selling more SUVs that cars.
As to other vehicles, I doubt BYD can capture marketshare “easily.” Toyota and Nissan thought the same about the truck market, and they each have an underutilized truck assembly plant as a testament to that arrogance. It took Toyota and Honda decades to get where they are today in the US.
Toyota and Nissan were both actually doing better than any of the big 3 in truck sales in the US. Look up the chicken tax. The big 3 couldn’t compete, so they got the government to step in
And yet despite having production in the US (no chicken tax), they are way behind GM, Ford, and Ram. They sell hardly any by comparison.
US Protectionism of our auto industry. Tesla was the only US automaker willing to take an all or nothing approach to electric vehicles and now we have to protect the other automakers from going bankrupt as they slowly transition from ICE vehicles over to EVs.
Why do you think BYD would capture the EV market easily? Significant barriers to entry.