this post was submitted on 29 Jan 2024
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[Dormant] Electric Vehicles

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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 10 months ago* (last edited 10 months ago) by MicroWave to c/evs
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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.

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[–] hark 2 points 10 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.

[–] [email protected] 0 points 10 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 3 points 10 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?

[–] [email protected] 0 points 10 months ago (1 children)

No, cause that would stop the spyware.

[–] hark 2 points 10 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.

[–] [email protected] 0 points 10 months ago (1 children)

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

[–] hark 1 points 10 months ago (1 children)

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/

[–] [email protected] 1 points 9 months ago

So what? I never said anything about them being afraid. OTOH, using low low prices to wedge themselves in the market and kill competition is their common tactic.