Amy followers up with a letter of resignation and goes on holiday anyway

Do I need chat GPT plus for these features to work?

How does trade have to be fair to Americans when you don't even allow Chinese cars to be sold in the US?

The reason for this loss is the overfinancialization of the economic system. In China if Mr. Xi wants to compete in the auto manufacturing. He studies and says I want EVs. The provincial government and big city banks lend money to entrepreneurs and watch every penny. The banks know they will lose money because this is a nascent industry. Then comes a nasty Darwinian hunger games fight. Out of that comes some real predators like byd, xpeng, geeley, xioami, gac… In the USA Biden says I want to compete with the Chinese EVs. He gives billions of USD to General Motors. Mary Bara conducts a stock buyback and the share price goes through the roof. Everybody makes money, the us debt grows and no cars get developed.

Thank you

If legacy OEMs can't compete with Chinese companies in China. While Having the same Cheap workforce and the same subsidies for ev from the Chinese government.And Mature EV infrastructure . Moreover, there are no obstacles in terms of the number of Public chargers (There is no chicken and egg problem) In ev adoption . They legacy OEMs will lose no matter where they go .

Hope for the future

Great interview. Glad I found your channel.

This is my dad. He has his own channel just like me and my brother.

Now that China is able to produce better and cheaper cars, these creeps are spreading the lie that it is unfair, that China is not playing by the rules. What rules, what is unfair? When the Americans and the West were dominating the car market of the world, did China say it is unfair, not playing by the rules? What China is doing is just being more innovative, creative, competitive, efficient, high tech, to be able to make the best cars at the lowest cost. Is that unfair, is that wrong? Stop being a sore loser. If you cannot compete, inefficient, making poor quality cars and selling at high prices, it is your fault. Why don't the Americans compete fairly, by being better, cheaper and good value for money?

Europe and the United States are lagging behind, and once they fall behind, they struggle to catch up. For China, electric vehicles are merely a flint for energy transition. China's goal is to increase electricity demand to force itself to transition to new energy sources. The ultimate objective is the large-scale use of AI computing and robots to replace human workers, as this requires an exponential level of energy supply. Think tanks in China are already planning for how the government will impose robot taxes 15 years from now to subsidize factories and companies that employ humans, somewhat similar to the current fiscal policies that incentivize hiring people with disabilities. This is not a science fiction movie; rather, it is part of the next five-year plans that China is formulating.

It's not that the US can't compete but it's just legacy auto makers can't compete because of the old legacy structures. Tesla competes but it's not just a car company is it? It's more like a tech company same with some of the Chinese auto makers. It's not just the robotics and automation you guys talked about. Those are just part of it. The new energy vehicle industry is very tech company like. Just look at NIO, Xiaomi, Huawei (Avatar ). The car is not just a car but just a node in a person's life a part of an ecosystem. Right now legacy auto US, European, and Japanese either don't get it or it's something that they just can't face because to transform your legacy auto company to being more of a tech company is going to take massive reforms and overhaul. By that time it's too late.

There's a lot of projection of US superiority. unwilling to recognize that we, the US are responsible for our uncompetitiveness with China. The US companies made the decision to move to China. China didn't force them to leave the US. We focus on China, but US companies have been sending jobs to MANY countries around the world. Look how Mexico has prospered from US jobs. Vietnam, Thailand, India, you name them.

You only ask for "fair" competition when you can't compete. Hilarious.

The guy is unreal. The US has been given so much opportunity in China to make billions. They were also on the same level playing field in China for the EV transition. They however did not invest and innovate like other Chinese companies. Let's remind everyone that during the last few years, a lot of Chinese local car companies have gone bankrupted due to their lack of scale, lack of innovation and lack of investment. China did not bail them out like the US did. If someone has to be blamed, it is the US companies and others. The guys is talking nonsense

Cream rises to the top .

If not to dominate the market that you specialised in! Then, what is the point of running a business?

The host and the guest are typical old school Americans denying the fact that the US is been left behind.

When you're unable to compete, you accused your competitors not fair & not play by the rules you set up earlier. What a sore loser.

The reason is pretty straightforward. American and European EV makers made their EVs for most rich people that could afford it. Chinese EV makers made their EVs for most people that could afford it. If it wasn’t for the Chinese EV makers, do you think Elon Musk is interested to sell his Model Y and 3? Just look at the earlier BMW i3, only the rich could afford to pay so much for such a tiny EV.

Problem with the West is lack of long term infrastructure providing competitive and economical basic cost such as electricity, transportation etc. With capitalism being the key driver, no profit, no investment.

thanks

So stop being lazy. U invented capitalism duh....

America Capitalism only works when there is no other competition from other countries.

I mean what this guy describes is monopoly and the use of loss leaders to kill off competition. That's throughout the history of capitalism in the US. The big shark eats up the small fish. It's always been like that and the Chinese didn't invent it. So you never had any philosophical thoughts when the US was killing off other companies in other countries but suddenly you cry unfair when it's your turn. Don't worry , the Chinese one day will face a foe bigger than them but for now , they've worked hard to get to the top. You would never call Warren Buffet a predator but you'd call the Chinese a predator. How hypocritical ?

Geed and laziness will sell the end of traditional car manufacturers. The only way they will survive is through innovation, automation, and lower purchase price.

European subsidise their farmers so that Africa farmers can't compete with European farmers and even African are not allowed to tax European goods and because of that Africa couldn't still to achieve food security so now European accusing China of subsidising their car industry what a hypocrisy

essentially the West thought they had "organised" the World .... the West would retain financial system and high tech manufacturing, Asia was designated as the centre of low value-add manufacturing and the southern hemisphere would be commodity suppliers .... forever.

Go figure, a good product at an affordable price...🦉

Customers in America want cheap high quality reliable cars.

No one wants to buy overpriced American junk

This american is a hypocrite, he is talking about standards the west should demand and make trade fair. Let me remind him that there is a drug for head and neck cancer,it is produced in China and costs 240 dollars for Chinese patients, but then greedy American capitalists import the drug into America and charge sick cancer patients 8000 dollars for one course. Don't blame China for everything, blame yourselves and your greed. Secondly America does not ever play fair with Africa on trade, when Trump was in power he sanctioned 4 countries in East Africa called Uganda, the DRC Rwanda, Kenya for refusing to allow second hand rag clothes from America into their countries. A mighty America bullying smaller African countries because of second hand clothes. Only one country refused to give in and it's Rwanda. The rest capitulate. Do America isn't a fair country and that is why I as a black African lady side 100 % with china. I have nothing in common with white racist supremacists. Our interests are different, we just aren't the same in that regard, we share nothing not even historically and so if it collapses I won't be crying. Americans who believe in the bible should read the book of habbakkuk, it has great lessons for their arrogance.

Id like someone to ask him about it being available to the general public

Im 41 and am very cautious yet hopeful that this could make me love a few decades longer than my ancestors. Imagine knowing this was coming round the corner but getting some horrible disease and knowing you were not making it!

This country hates Tesla which is making the most American made car in the country. Tesla is making the best, safest, cheapest to own car and so many people are against them. Legacy auto is too powerful. They need to get reset. If they want to survive they need to make a deal with the chinese or partner with Tesla for their FSD and get that in their cars. Help Elon build out the charging network. What are these companies waiting for.

What about the American people and the fact that we have to continue to buy these products that are more expensive and not as good. Legacy auto should go out of biz. Let China come here like Japan did and hire our people. But if they come the American people will save money. No longer will we get ripped off by the big 3. They have made so many Americans broke. Their junk products are a joke.

Unlike the America CEO and their executives ,all the Chinese motor manufacture don't have the same luxury of a company cooperate plane on their disposal as part of their package millions dollars annual salary ! !

Union doesn’t provide productivity… Union may not make America great again…so may not Trump…

4:22 Yes that's right . Even technology and industry metrics say so. Chinese OEM can only imitate western products. Will never be able to beat Western OEMs in internal combustion engines full of "patents " . But the emergence of Electricity car raises new hopes. Because electric car technology is still new and there are not many patents preventing Chinese companies from developing. And level up the playing field . --------- The ministry immediately went all in. Create a new university just to Graduate Battery scientists . Make Efficient battery supply chains and investments in new mining in other countries In order to secure raw materials .

Why doesn't anyone say anything when America dominante the world?

China gets advantage because the US keeps on printing money. Too many $ chasing too few goods/service, the you get inflation. US wages got to where it is today because there are too many $ chasing too little workers

Many people ask why when legacy OEMs when make an EV version of their ice cars they can be 30%-50% more expensive than the ice version. The answer is economies of scale. So the Chinese government helps companies do economics on a scale. The result at the end of 2024 legacy OEM in China said "for the first time in the history of the electric car industry, it has achieved economies of scale Where cheaper Making EV than internal combustion cars in China."This result can only be achieved after the industry produces 8 million EV (11 Million if you also count hybrids) in a year 2024. But this government assistance has led to overcapacity. China now has 30 million capacity to make internal combustion cars and 20 million capacity to make EVs. Total 50 million capacity while only 23 million cars are sold in a year

The speaker is lamenting the US can't compete with China because they are not on the same level playing field. But somehow he knew that it's the powerful US unions that hindered their competitiveness and inflexibility to adapt change

WE FINANCIALIZED OUR ECONOMY, PROFITING WITHOUT PRODUCING REAL VALUE IN THE MARKET PLACES .WHY ARE MADE AT CHINA FIR CHOSING A MANUFACTURER ECONOMY.?

NO ONE IS ENTITLED TO SUCCESS. IF YOU CAN NOT INNOVATIVE AND SELL GOODS THE REST OF THE WORLD CAN AFFORD IS NOT A RIGHT BUT A PREVELEDGE. WE AMERICANS AND WESTERNERS ON AN ENTITLEMENT MENTALIST WHILE CHINA OPERATES ON HARD WORK AND INNOVATION.

I thought this is called capitalism. If you create a better, cheaper product then you will be profitable. This also provides benefits for the population. Everyone wants to save money and make their lives better.

The most important moment in the history of the Chinese car industry. It was when the Minister of Technology and Industry realized that China would never be able to compete with Japanese, American or European car companies in internal combustion engines . And strive to allocate all state resources to electric cars in 2009. And make EV a strategic industry .

Where did the word competition go when it comss to China? America cannot compete unless it blows other peoples gas pipes apart. That is what I call imperialism. But why? Americans are lazy across the board. How are you going to bring factories back with you laziness, and especially with closed border? That is why their insticts is war in order to steal. This guy is talking nonesense ...just war language.

Chinese car cost advantage is not because of cheap labour or less human rights, if you go to any BYD or Chinese EV manufacturing plants, you can see the plants are run by mostly industrial robots. And China installed the more industrial robots than the the rest of the world combined.

This guest is literally a moron. This is Capitalism.....what America has been forcing other countries to do for decades with the barrel of a gun. The US can't compete with anyone manufacturing tangible goods because the System has been hijacked by Neo-liberal Finance Capitalism. The Oligarch's running the USA decided in the 1980's it was faster and more profitable to concentrate on the FIRE sectors (finance, insurance and real estate) rather than manufacturing. US vehicles haven't been competitive since the 1990's. There is no investment in research and development in the USA. The Big 3 have said long ago they make more money selling the financing of a vehicle than they do selling the vehicle.