Yea, it’s the subsidies. The government of China funds questionably profitable companies such that they can sell their products at what would be a loss by any other company, undermining the values of competition in Europe/States.
What does China get out of it? Chinese products distributed globally running Chinese software and sensors which are beholden to the whims of the Chinese Government. They also get to weaken the economies of the target countries.
The United States does similar things with intelligence, but citizens of that country can at least condemn, research, and publish findings against it’s own government. What can a Chinese citizen do? Very little except obey.
The United States is also massively flawed when it comes to competition but at least there are theoretical methods for the citizens of that country to change things. If they can destroy the corporate plutocracy currently strangling democracy.
China isn’t a communist country, it’s a totalitarian country.
Characterized by a government in which the political authority exercises absolute and centralized control. Totalitarianism is a political system and a form of government that prohibits opposition political parties, disregards and outlaws the political claims of individual and group opposition to the state, and controls the public sphere and the private sphere of society.
political and economic doctrine that aims to replace private property and a profit-based economy with public ownership and communal control of at least the major means of production (e.g., mines, mills, and factories) and the natural resources of a society.
Being an open country has upsides and downsides certainly. The same could be said for Russia/China’s information war exploiting freedom of speech on those not educated in critical thought.
Yes, and it’s poor Americans who need a vehicle to buy groceries and get to work everyday who are getting shafted while the automakers rake in the profits. Not to mention the environmental costs of driving on fossil fuels.
Allowing China to sell these vehicles here at well below cost is only going to shaft poor Americans even further. They’re trying to do what Walmart does to small-town economies.
Chinese EV companies are rather profitable, with BYD making billions of yuan profit last year. On the other hand, Rivian is losing, what was it, just about $40,000 per car?
And that profit is coming straight from the government as there is no way they’re making billions in profit by selling brand new cars for $10k in 2024. There is zero margin there.
They have cars from $10k to $200+k. BYD includes a bunch of brands, including the Yangwang brand which builds the $150k U8 and the $230k U9. Not to mention their busses which are used around the world.
So basically American cars are 2x overpriced rn
more like chinese cars were manufactured with child labor with well below average work conditions
And lots and lots of government subsidies.
Yea, it’s the subsidies. The government of China funds questionably profitable companies such that they can sell their products at what would be a loss by any other company, undermining the values of competition in Europe/States.
What does China get out of it? Chinese products distributed globally running Chinese software and sensors which are beholden to the whims of the Chinese Government. They also get to weaken the economies of the target countries.
The United States does similar things with intelligence, but citizens of that country can at least condemn, research, and publish findings against it’s own government. What can a Chinese citizen do? Very little except obey.
The United States is also massively flawed when it comes to competition but at least there are theoretical methods for the citizens of that country to change things. If they can destroy the corporate plutocracy currently strangling democracy.
Communist country figures out how to exploit capitalism better than capitalist country, how poetic.
China isn’t a communist country, it’s a totalitarian country.
https://en.wikipedia.org/wiki/Totalitarianism
Communism is defined as:
https://en.wikipedia.org/wiki/Communism
It calls itself communist just like a big chunk of the world calls itself capitalist but doesn’t let the market regulate itself
North Korea calls itself the Democratic People’s Republic of Korea. Do you also refer to North Korea as a Democratic country?
Being an open country has upsides and downsides certainly. The same could be said for Russia/China’s information war exploiting freedom of speech on those not educated in critical thought.
As if the US doesn’t also subsidize and funnel money into specific companies/industries for questionable reasons.
Did you read their whole comment? They addressed that and pointed it out several times themselves.
Every car manufacturer receives massive subsidies no matter where they are located.
This is oil money, nothing more, nothing less.
You might want to look at some of the loosening child labor laws here in the US. Hyundai’s plants have been caught several times using child labor.
I’m not defending China’s practices by any means because many are truly horrific but the US is pretty far from perfect in many states.
Source ?
Child labour? Care to back up that claim?
Do provide a source that shows Chinese cars are made with child labour.
What child labor? There are no kids in China, they have some of the lowest fertility in the world and the most intense school hours for the rest
You’re like 40 years out of date
Yes, and it’s poor Americans who need a vehicle to buy groceries and get to work everyday who are getting shafted while the automakers rake in the profits. Not to mention the environmental costs of driving on fossil fuels.
Maybe we should get our politicians to invest in, say, mass transit. Seems pretty obvious
Why would they do that when they get bribes from automakers.
Allowing China to sell these vehicles here at well below cost is only going to shaft poor Americans even further. They’re trying to do what Walmart does to small-town economies.
Chinese EV companies are rather profitable, with BYD making billions of yuan profit last year. On the other hand, Rivian is losing, what was it, just about $40,000 per car?
And that profit is coming straight from the government as there is no way they’re making billions in profit by selling brand new cars for $10k in 2024. There is zero margin there.
They have cars from $10k to $200+k. BYD includes a bunch of brands, including the Yangwang brand which builds the $150k U8 and the $230k U9. Not to mention their busses which are used around the world.
Cool but I don’t see how that’s relevant to the discussion of them trying to sell $10k EVs in the US.
Nobody here is arguing to buy a $230,000 Chinese EV.