this post was submitted on 03 Sep 2024
150 points (94.1% liked)

World News

39172 readers
3323 users here now

A community for discussing events around the World

Rules:

Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.

We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.

All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.


Lemmy World Partners

News [email protected]

Politics [email protected]

World Politics [email protected]


Recommendations

For Firefox users, there is media bias / propaganda / fact check plugin.

https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/

founded 1 year ago
MODERATORS
 

China has positioned itself as the main car supplier in Mexico, with exports reaching $4.6 billion in 2023, according to data from Mexico's Secretariat of Economy.

The Chinese automaker BYD surpassed Honda and Nissan to position itself as the seventh largest automaker in the world by number of units sold during the April to June quarter. This growth was driven by increased demand for its affordable electric vehicles, according to data from automakers and research firm MarkLines.

The company's new vehicle sales rose 40 percent year over year to 980,000 units in the quarter—the same quarter wherein most major automakers, including Toyota and Volkswagen, experienced a decline in sales. Much of BYD's growth is attributed to its overseas sales, which nearly tripled in the past year to 105,000 units. Now BYD is considering locating its new auto plant in three Mexican states: Durango, Jalisco, and Nuevo Leon.

Foreign investment would be an economic boost for Mexico. The company has claimed that a plant there would create about 10,000 jobs. A Tesla competitor, BYD markets its Dolphin Mini model in Mexico for about 398,800 pesos—about $21,300 dollars—a little more than half the price of the cheapest Tesla model.

...

That tariff-free access is part of the US-Mexico-Canada Agreement (T-MEC), an updated version of the North American Free Trade Agreement that, as of 2018, eliminated tariffs on many products traded between the North American countries. Under the treaty, if a foreign automotive company that manufactures vehicles in Canada or Mexico can demonstrate that the materials used are locally sourced, its products can be exported to the United States virtually duty-free.

MAGA strikes again

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 1 points 2 months ago (1 children)

I’m assuming the demand is there because the federal government has said they are concerned people might buy so many cheap BYDs it would drive american car companies out of business. Why would they care if noone wanted them?

An electric small car still is a small car, which a Ameridans don't want the sales numbers show that. Further people seeking cheap cars are typically not homeowners which makes charging a problem so there's even less of a market for cheap electric cars.

No where is it claimed that Chinese vehicles would drive American car companies out of buisness, the article was discussing how China could use Mexico and nafta to side step terrifs.

[–] [email protected] 1 points 2 months ago (1 children)

Okay so maybe I'm misunderstanding thr whole situation. What's the risk of allowing Chinese BYD imports without tariffs then?

[–] [email protected] 1 points 2 months ago (1 children)

American companies want less competition and certainly don't want to compete against a heavily subsidized vehicle.

[–] [email protected] 1 points 2 months ago (1 children)

So essentially its just an over reaction? I mean that and the tiktok ban were some of the quickest legislation americans have seen lately. Maybe just media fear mongering?

[–] [email protected] 1 points 2 months ago (1 children)

China makes more than small cars, they make medium and full sized too. The larger cheap cars pose much more of a threat than small cheap cars. Both US car companies and the Unions don't want cars from China and their politicians got into line really quick during an election year.

[–] [email protected] 1 points 2 months ago

Is there a high opinion of american made cars right now though, large or small? They have been very predatory in the past however many years.

Maybe people would want to save the american car industry if it served it's customers better. I was hoping BYD would force american car companies to go back to trying to make a useful tool instead of a means to extract money.