China's biggest EV manufacturers warn staff that a "SEA OF BLOOD" is coming

China's biggest EV manufacturers warn staff that a "SEA OF BLOOD" is coming
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#xpeng #chineseev #byd #liauto #manufacturing
👇Reference to the news/charts & videos used in this video:
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[@amon5124]

Meanwhile in Australia we are still trying to figure out how to make a battery!!!

[@philliangbeihai5388]

That's why we don't produce 40% world's emissions

[@ExternalInputs]

My local defunct Holden dealer wasteland has their old showroom and half their yard taken over by BYD. It's rather surreal considering Holden was there for so many decades.

[@nickfindsgold9788]

Step 1. Dig a big hole in the ground Step 2 ...... Dig another hole ? Straya, wasted potential since 1950s

[@cyclometre]

As soon as we do, we will just get it made overseas anyway!

[@amon5124]

@@cyclometre😂

[@supertuscans9512]

When someone makes available an EV with a 650 mile range that can be charged in 10 minutes, I’ll buy one. Until then I’m sticking with my old jag diesel.

[@deezet9518]

That won’t take long, put your Jag up for sales already

[@smegoz]

I think fast chargers can already get EV batteries charged up to 200 km range pretty quick nowadays. You don't need to get 650 miles range in one charge (btw what car gives you 650 miles range on a standard tank? lol) Problem is that public charging infra is not keeping pace with the uptick in EV's and in most cases the charger utilities are broken so until that's fixed most EV folks are stuffed

[@bonaudi]

Buy a Nio ET7 then. 1044 km range and 4 minutes for a battery swap... but if you live outside China, forget it, your EV infrastructure probably sucks.

[@Helojet1999]

A jag…that tell volumes…

[@christinehede7578]

@@smegozobviously the one he already has.

[@danielsteyn7464]

Meanwhile in the southern tip of Africa, we cannot keep the lights on but the best part is that new EVs are still arriving. And that's not just stock, it's new brands, mostly from China.

[@Zerpentsa6598]

They are for the north of SA

[@mattrowan2680]

@@Zerpentsa6598 The sea of blood comment might be referring to the deaths of people who have been killed by all of these exploding EV lithium-ion defective batteries that are in these cars. Do you really allow your children to get anywhere near these firetraps? We don't.

[@danielsteyn7464]

@@Zerpentsa6598 🤣😅🤣😅🤣

[@christinehede7578]

Sheer stupidity.

[@markbole2496]

SA used to be so successful and had great infrastructure when I visited 20 years ago -- what's changed?

[@davidmehlhorn726]

I recently changed my car, went from diesel to petrol. The salesman did everything he could to get me to buy one of the many electric models he had in stock but I wasn’t interested. He finally admitted that EV sales have stalled as people are fed up being lied to about EV range, the long charging times, the rapid depreciation etc. Here in Europe, manufacturers are slashing EV new car prices that has had a devastating effect on the residual price of second hand EVs. My neighbour was offered €19,000 less for his one year old EV6 than he paid for it. That’s over 30% of its value gone in one year. He changed back to a diesel car as he said EVs are a marketing con job. Made me even happier that I stayed in an ICE car.

[@davidcottrell570]

You just keep believing that! All cars depreciate, end of story. The difference for me is what you pay in running costs. A friend of ours has a Kia Soul. Gets very good fuel economy and only costs him the equivalent of €30 to fill and can go 500km on the highway. My car, which is bigger than his goes only 400km, but costs about €5 a charge at home, which I do 99% of the time. On the road, I pay anything from €10-20 to charge. My car is also way more efficient in town, which is where our cars spend 99% of the time. I spend €25 a month on electricity and that price is regulated. The oil companies jerk the prices around on a regular basis. This week it jumped to €1.40 a litre, an increase of 10%, just because they can. In the summer months, we’ve seen prices go above €2 a litre, in a country that’s an oil producer. Nice, eh?

[@davidmehlhorn726]

@@davidcottrell570 Glad you like your EV. Personally I think they’ve been dumped on consumers before they have decent range, low charge times and all the bugs ironed out. They’re more expensive than ICE cars to buy, they’re more expensive to repair, they’re more expensive to insure and they depreciate far faster than an ICE car. EV sales have plateaued in Ireland and two people I know who had them traded them in for ICE cars. Electricity prices in Ireland are the highest in Europe and it actually costs more to charge an EV than to run a petrol car. Maybe things are different where you live but I’m glad I bought a petrol car and not the EV the salesman was desperate for me to buy

[@davidcottrell570]

@@davidmehlhorn726 Not in my experience. Buy used and as you point out, you can get a bargain. New cars are expensive if you’re buying privately. My average charge time on the highway is a half hour or less, and line ups aren’t an issue unless you’re in a tourist spot. Repairs? I’m due for my first service in a few months. I need wipers and an air cleaner. My car has suspension pieces and steering bits that wear like yours, but brakes last a lot longer due to regen. Tires are a bit bigger so cost a few hundred more, but unless you drive it like you stole it, are not that different from most mid-sized cars for life. The motors and reduction gear are sealed units, designed to last the life of the car. The battery? Eight year warranty and about €15K to replace including labour, before a core rebate, but don’t forget what I saved at the pump. Insurance, yes I understand, David. We’re so lucky where I live in Canada. I pay just €1000 a year for mine, including a 5 year replacement warranty if it’s written off. That’s on a €50,000 car. A number of provinces have government-backed insurance and mine is one. You’re not ready to change, clearly, but it works for us, big distances and poor infrastructure and all.

[@tompas11A3n52KkX]

@@davidcottrell570 It only takes a couple of minutes to fill up my tank and the insurance cost is as low as €90 a year and besides that my car increases in value with each passing year. What a great car!

[@johnwright9372]

A new car depreciates 20% as soon as it is driven out of the showroom.

[@tatsnneeps341]

My mk4 1998 fiesta still going strong with less than 42k under her belt thankyou 😊😊

[@hugebear53]

Less than 34 miles/week? Do you push it everywhere?

[@maba874]

Skoda Felicia 1.3 MPI 1999. It's doesn't want to stop. Water, oil, filters, petrol. YES! 🚀

[@Ellis_B]

But have you changed her belts

[@maba874]

No. It has a chain.😄

[@marinedrive5484]

In New Zealand, VW is cutting prices by up to NZ$20,000.00 on some EV models. It's not just the Chinese market for EVs that is crashing.

[@jimthain8777]

Sounds like a great time to buy. Of course people, being people will wait till prices go back up and miss all these savings. I've seen this movie before.

[@dougm659]

There used to be dozens of independent car makers in the Uk but they were all struggling to make money and one by one either closed down or were taken over by bigger rivals…China is just going through the 21st century version of the same process. By 2030, there might be as few as ten players in the Chinese market…survival of the most adaptable, as Darwin would say!

[@user-xp5id1kh4r]

The problem is, China doesn't really have "independent car makers"... they're almost all "artificial" vanity projects based on local governments/"city states" throughout China that arose due to the incentives and directives from the Central Government attempting to force a quick adoption and transition of electric vehicles instead of ICE. However, since not only are the manufacturers insolvent, but also the local governments/city states are also insolvent... this "artificial" problem of a smorgasbord of new ev manufacturers will almost certainly solve its own problem. And then, once all the artificial incentives and government funding dries up and all the artificially floated ev makers deflate and die out... then... the true "survival of the fittest" will begin, and the real/true manufactures will rise to the top! After that happens, I foresee some absolute killer car companies arising out of China that will give any and every car manufacturer in the world a run for his/her money! But... we shall see, no need to get too far ahead of ourselves... they still have yet to weather the storm. This will be a real gladiator school for the industry.

[@chrissmith2114]

The thing is that people still want to buy ICE cars and their governments do not need to threaten people to buy them. 80% of EV are leased, mainly by companies because of large tax breaks on EV ( paid with the taxes of people who could not afford an expensive EV even if they wanted one ) - not many people will spend their own money on a EV that will lose over half its value in two years... To buy a used EV is to buy a ticking financial time bomb, if the battery fails the car is worthless...

[@WellSalt-Studio]

​@@user-xp5id1kh4r There were once more than 90 electric vehicle brands in the Chinese market. After several rounds of fierce competition, most of them have entered the graveyard. If you want to defeat China's electric car brands, you must first defeat the bunch of brands already in the cemetery. Otherwise, no matter how hard you struggle, the outcome will not change. Will be sent to the cemetery by the Chinese car brand. China ranks first in the world in terms of automobile export volume and automobile output (exceeding the sum of the 2nd-10th places), and its production capacity, manufacturing experience and related technologies of electric vehicles are unmatched. Europe can close the car market to the outside world. Chinese idiom "making a cars behind closed doors" refers to working divorced from reality.

[@TheSpoovy]

That's not how natural selection works

[@amandagrant4331]

In fact, during the development of photovoltaic industry in China, hundreds of enterprises have closed down. However, the surviving enterprises are all strong, and they completely dominate the global market. "Free competition, survival of the fittest" was taught to China by the west, but it is obvious that the west is increasingly afraid of free competition.

[@arvidlinden5292]

If everyone had an EV and someone suddenly invented the internal combustion engine, people would be very impressed with its incredible reach, fast one minute recharge, half the weight if an EV, half the tire wear, virtually no fire hazard and requires no rare earth metals dug out by child workers in Kongo.

[@bradford_shaun_murray]

...whaaaat!!? An engine that can do all that?! I can't wait till they release the V8 version, apparently that thing sounds like a wild animal.

[@maccagrabme]

Politicians have made a pigs ear of everything.

[@roddycreswell8613]

Globalist don't have any sense, they have an agenda.

[@arvidlinden5292]

​@@djyx8An EV fire can not be put out by firefighters while a petrol fire can easily be stopped. Here in Sweden, the EV's are considered so dangerous if they crashed that you need to have security personel stand next to the EV to keep people at a safe distance to the crashed car until an expert arrives to give his OK before it is towed off. So, no it is not a stretch. EV's are extreme fire hazards.

[@jimthain8777]

@@djyx8 No, that's one hell of a stretch. LOL

[@waxeggoil3130]

I think the "sea of blood" comment is an interesting shorthand version of a Chinese saying, which is even more graphic. That is 血海尸山，meaning a sea of blood and a mountain of corpses - referring to the outcome of an immense battle.

[@amandagrant4331]

There is no progress without competition. Western trade protection is shameful. More ironically, the west has accused other countries of trade protection many times in history.

[@dessmith7658]

A bit like Senlac, meaning "the lake of blood " near where the battle of Hastings took place

[@MookMineola]

I think that’s what you find after the Chinese have finished eating their dogs

[@dessmith7658]

er okay

[@YouTubeDeletesComments]

Corpses being the EV's?

[@thetruthalwaysscary]

In 1900 there were close to 2,000 car manufacturers in the USA. while 100 of them were known and marketed. It total numbers kept dropping and 253 in 1908 to only 44 in 1929. It is a natural process. China has an enormous domestic market, with huge potentials to be one of those companies at one point in the future the largest car manufacturer on the planet.

[@user-xp5id1kh4r]

This is a completely made up "fact". There was NO WHERE NEAR 2,000 individual car manufacturers in the USA in the year 1900. There weren't even 2000 car "designers", let alone "manufacturers". This is just an ABSURD thing to even try to claim... did you even bother thinking? There probably weren't even 2,000 companies supplying INDIVIDUAL components/widgets to ACTUAL "car manufacturers" in the entire first quarter century of the 20th century (maybe quarter century is pushing it, but this is so stupid). Such an absurd claim to make... there legit might not have even been 2,000 automobiles made in total in the US in the year 1900, lmao! Consolidation of heavy industries is often a natural process... but don't make ridiculous claims like this and act like they're "fact". There's plenty of reasons to be optimistic about the future of the Chinese EV industry, but don't go around making up absurd claims just to bolster your own narrative. There's plenty of actual real "facts" that can be used to back up your argument, don't go making up laughably false ones and thus actively discredit yourself and your own movements narrative.

[@michaeldeierhoi4096]

To the degree that greed is a natural part of the process of capitalism I would agree with you. There are capitalist elements in China despite its communist governmental ideology which President Xi has gone out of his way to sabotage. There are a great many companies trying to cash in on the EV market that are for various reasons ill equipped to do. That's where the greed comes in and given the multiple failures in other aspects of the Chinese economy this is unlikely to end well for anyone.

[@timetraveller885]

​@@michaeldeierhoi4096Looks like you're about to be disappointed, LMFAO!

[@thetruthalwaysscary]

@@michaeldeierhoi4096 The last 20 years China is the most market capitalist country on the planet. What they do is very smart and absolute nothing to do with communism. People love to throw around the word communism and socialism, but obviously they do not comprehend the meaning. Intellectual Confucianist democracy, that is governed by an authoritarian system (the only way to govern intellectual democracy) with a strong market capitalist economic structure. That is China. . Majority of westerners unable to comprehend even if they studied economy because it is a different civilization, not just a different culture.

[@user-xp5id1kh4r]

Why is he about to be disappointed?? He never even said there's anything he was looking forward/expecting in his original comment@@timetraveller885

[@Elaba_]

A Dolphin and a Seal in the Ocean?

[@bd8594]

Almost all car brands in China are cutting price by a large margin. I think Chinese car market is too competitive to be profits sustainable for a lot of car manufacturers.

[@FabioCapela]

Keep in mind that production costs are coming down very, very fast. To the best of my knowledge, BYD's annual price cuts have been done while maintaining, or even growing, their margins; it's just that they became much better at making cars and its parts like batteries and engines, resulting in lower costs for the same (or even better) product, and are passing those cost reductions on to the customers.

[@larryc1616]

They'll merge into a handful of very successful EV makers like 4-5 Tesla's size

[@chillfluencer]

That is straightout wrong because there are 238 motorized vehicles per 1,000 people in China...the same amount Albania has. Botswana has 260. Germany has 628. The USA even has 908. Fact is that there aren't enough producers in China - and definitely not enough cars. And that's "only" China. There's a huge underserved BEV market in all of Asia, Africa, South and Central America, Mexico as well as in Slavic countries.

[@chillfluencer]

​@@FabioCapelaThat's the key: more and more refined process automation.

[@amandagrant4331]

In fact, during the development of photovoltaic industry in China, hundreds of enterprises have closed down. However, the surviving enterprises are all strong, and they completely dominate the global market. "Free competition, survival of the fittest" was taught to China by the west, but it is obvious that the west is increasingly afraid of free competition.

[@ceesiebo7589]

Apart from the car sales in China and the stiff competition, I wonder how the charging network in China is. That is one of the main issues in other parts of the world holding EV sales back. Or do Chinese people don't commute a lot and charge at home?

[@amandagrant4331]

Up to November 2023, the total number of public charging piles in China has reached 2.626 million, the total number of private charging piles has reached 4.936 million. Due to the low electricity price at night, most EVs are charged at night, which happens to be a period of excessive power. It is very simple to apply for installing private charging piles in China, and you can apply with the mobile app. Many people live in the apartment, and their parking spaces are downstairs or in the basement, but they can all install charging piles.

[@dmitripogosian5084]

@@reginald7214 Chinese do not live in homes, en masse they live in apartment buildings. There charging model will never be a suburbian garage

[@ecarpo3479]

​@@dmitripogosian5084these apartment blocks have huge underground parking garages where you can install your own charger and in new builds they will start being built with chargers already installed.

[@ecarpo3479]

The bigger problem is the eletricity grid being able to support a huge amount of chargers. They can buildthe chargers like crazy but the bigger problem is not having them overloaded at peak times and when more and more electric cars are sold.

[@timetraveller885]

China is the Leading Renewable Energy Manufacturer in the World! Think they have this Covered!

[@masterwatch]

about 8 years ago I was telling people in the UK about BYD and no one had even heard of the name and had no idea what I was talking about.

[@BobbyWombat1234]

How can I permanently BLOCK this CRAP site?

[@seawater1322]

why? you can't handle the truth?

[@dt12155]

This is the norm in doing any business in China and Taiwan. Competition! Competition! It is free competition - Shark eating shark! Even in street food stands. The survival of the fittest. The dust may settle when the market becomes more mature but they are always alert!

[@bush-b5330]

Why did you mention Taiwan here! Does Taiwan have any electric car’s manufacturer??

[@vilester]

@@bush-b5330culturally it’s the same.

[@user-xp5id1kh4r]

That does NOTHING to answer his specific QUESTION.@@vilester

[@peterelliott2914]

@@bush-b5330 He did specifically say ANY business. And he's right - this is normal Chinese behaviour and why they move so fast.

[@SuperJosteen]

​@bush-b5330 Have you ever been to taiwan? street foods came and went like its nothing, even if it was the hottest thing yesterday it will easily be replaced the next day if it can't keep up. Thats to be expected for taiwan though, they are capitalist through and through, but ironically for a so called communist country, China is the same

[@Paul-jp5xf]

At Volvo we have a major identity crisis going on. We’re watching pricing drop and just about to come out with 2 new units that are at least $10k above the rival market!

[@haoruchen4216]

now you wish ur volvo is not part of china ev market

[@wisenber]

@@haoruchen4216 That would be hard to do with China owning 80% of Volvo.

[@nickeyfynn3270]

Volvo should keep the b230f.

[@guynoir4733]

Volvo is one of the most undependable auto's made .

[@wisenber]

@@guynoir4733 I remember when the opposite was true.

[@exploringsydneyandbeyond9059]

It won't matter for many that ev is cheaper than ice cars , many will still pick ice cars due to many factors.

[@jimthain8777]

Nope, mostly one factor. Many people are just stubborn. I know because I am often one of those people. Once we get past that things will improve by a huge factor. We will get past that phase.

[@freddieqmercury5961]

When I tell some friends that I wouldn’t want an EV, I have to explain that I don’t have a problem with the motor, just the power source, so until they come up with a better way, other than a battery, I will keep driving a petrol car.

[@davidboskett5581]

This was always inevitable -its no surprise .The same thing happened in the US and Europe with the development of ICE cars.

[@eddualmeida5790]

This unavoidable. In the early 20th century there were 200 auto brands. See how many survived to this day.

[@pikaz8433]

A little more than 3000

[@1voluntaryist]

@@pikaz8433????????

[@IamHandsome4u]

There are more than 200 auto brands in china alone now.😂

[@a.m.9357]

Even today I think the traditional ICE car manufacturers are just too many. Each companies have been giving birth to silly new ones, creating competition for their own cars! Mini, for example, is supposed to be just one car. But BMW has turned it into a whole car company with many models. How greedy and offensive! Volvo created Polestar. Why? Citroen created DS. Again, why? All because of greed. Half of these need to go out of business. Just too many.

[@AdamFrugoli]

This is exactly what happened to the television manufacturer in the United States when Asian TV’s came, they eventually swamped the market. Today you cannot find an American made television.

[@larryevans6739]

When American TV's were prevalent, a 19" cost more than a month's pay for a typical worker. Now a larger TV that performs better cost a few hour's pay for a typical worker. The total cost now is less than the retail markup then. Competition drives innovation up and prices down. Considering how few Americans were employed making TV's and how many consumers buy TV's, the country benefitted overall from the global competition.

[@rickhammond2473]

Will be Tesla and 9 other Chinese companies and that is it the rest will be extinct..

[@darylfoster7944]

@@larryevans6739 it's comparative advantage. Even if we made tvs better than the Japanese, we could have a bigger advantage making something else.

[@AdamFrugoli]

@@larryevans6739 you are exactly right. However, I have mixed emotions on the humanitarian front, paying our union wages (US) versus the cheap labor and some cases child labor of Asia’s at what cost is it worth having cheap stuff. Tesla has created a lot of millionaires by individuals working on the manufacturing lines.

[@larryevans6739]

​@@AdamFrugoli you mention "child labor," but if go back to the 1800's, there were union-types complaining about the horrors of "youth unemployment" created by productivity improvements in industrialization. Prior to that, most people worked in subsistance farming as soon as they were physically capable untill they couldn't work anymore. Children where considered free farm labor. Industrialization increased productitivity to the point that children were not needed for survival and were able to get an education. The union perspective eventually evolved to oppose child labor. Speaking about education, China is significantly outperforming the US, particularly in math and science. The humanitarian disparities are massively overblown by politicians. Many of the past complaints have been addressed as standards of living rise. Chinese labor now gets paid and treated better than the Mexican labor that US companies tend to turn to. Not to mention that automation is accellerating. But if you free up people from the mindless, repetitive tasks that machines can do better, they can apply themselves to other endeavors, just as children moved from the fields to the classroom. The transition will not be painless, especially if politicians try to cling onto the past, but humanity overall will tend to be better off because of global progress.

[@austiwollongongwolf]

I love my 5 litre Mustang. With today’s modern technology, returns 9 litres every 100 klms. Takes two minutes to fill it, so worth every cent for petrol and the convenience. My Hyundai Santa Fe Diesel use 6 to 7 litre per 100 klm, around 900 klms on a tank of fuel. With those fuel consumption figures, why would you pay another 20 or $ 30,000 on an electric car that doesn’t have the range and you got to stop to charge it? $30,000 buys a lot of diesel !

[@jplacido9999]

Right ! My VW Golf 2 (Rabbit) diesel made 1278 km on a full tank (carefull driving) and it ran out of fuel 50m from a pump...😂😂😂, I've just letted it roll on cinetics and after 3 minutes was ready for another 1200 (plus or minus) range...😂😂😂👍👍👍 (less than 5 litres/100 km)

[@thechosenkxxoling]

Just this week, BYD Qin reduced its price by another ¥20,000, with its release date being in February last year, and the current price is only around $10,000.

[@Notme-tq4xs]

You only get a car worth 10,000.

[@1voluntaryist]

@@Notme-tq4xs If a salesperson tells you the product is worth $X, but you can buy it for $y, then that means it's worth $y. But, that said, "worth" is subjective.

[@thechosenkxxoling]

@@Notme-tq4xs What else can you buy for $10000? 10 iPhone?

[@Zerpentsa6598]

​@@Notme-tq4xs Try reading Marx on value and labour. It'll help your next comment if you can understand it.

[@robertkubrick3738]

Just means they are still having trouble selling them.

[@pictureworksdenver]

Deflation is a good thing. It intensifies competition, weeds out weak players and demands that great value be delivered to consumers.

[@richardclatworthy6381]

Diesel for me. Always has always will be. Let me know when there’s an EV that’s practical 👍🏼

[@hughbeeson8854]

May I suggest car manufacturers ask the pubic what cars they want to drive, then responding to that need, instead of dictating to people what car they must drive: that will never work.

[@noyo1444]

As long as I live I will never ever buy any Chinese car! period

[@randy74989]

It happened in America, so I have no problem with consolidation for financial efficiency's sake, vehicle design consolidation, scaling up battery R&D, manufacturing enhancements, and better marketing and export. If American car manufacturers want to compete, then maybe they should consider the same Dam* thing!

[@user-cf6go9om6p]

as if in thse times Americans could agree on something 😄

[@stewiesaidthat]

You can buy any EV you want as long as it's a Tesla?

[@randy74989]

@@stewiesaidthat Yeah, import duties quash competition. It protects legacy auto companies and their union workers. Funny, Toyota builds cars here without union workers and they are great vehicles. 🤔

[@stewiesaidthat]

@@randy74989 then get rid of the union wages regulations so domestic car companies can compete with cheap foreign labor. When car companies get to the point of being to big to fail, it's time to let them fail rather than continue to prop up a bloated business model.

[@alastairwinner]

The idea of an EV as a second car for pottering around is quite appealing, assuming you have a means to charge it at home. Its the uncertainty of the residuals that's the killer, especially as they have been so expensive to buy until now. Once we get cool cars around £20k, like the new Renault 5, I think that part of the market will stabilize. Small EV's make sense. Its the larger, luxury cars and SUV's where I just can't see it working. Also, we all know the environmental cost to manufacture these things is way worse than traditional vehicles, so forcing people to move to save the planet has been debunked.

[@camgere]

There are too many manufacturers for them all to be profitable. Around 1900 there were 100 American car manufacturers. This reduced down to the Big 3 and a few imports. Henry Ford and Alfred P. Sloan at GM had very different ideas about car manufacturing, but both succeeded. At the end of the century, during the Dot Com boom, there were 100 custom motorcycle manufacturers. Now only a handful. Manufacturers that make the highest quality product at the lowest price have a huge advantage. Of course, there are dozens of other things they need to do well (engineering, marketing, service, parts distribution, convenience, etc.). You start out with the Wild West and then the schoolmarms and preachers move in. Consolidation is inevitable.

[@darylfoster7944]

I don't think any of them are profitable except BYD, and its margins are pretty small.

[@hanfucolorful9656]

Humanoid robots will enter BYD factory in large numbers this year (2024), I saw another video yesterday, scary....very scary

[@herrlich7671]

XPENG will be profitable soon, they have a hugh product portfolio and are placed in all relevant markets now

[@zoeherriot]

Can you imagine going to work and getting a meeting request from Steve in HR with the headline - "SEA OF BLOOD"?

[@christophersmith5303]

You might be right Sam, but the tripling of ESS grid storage systems as well as home ESS have to be creating a huge market pressure harming the price of replacement EV packs as well as new batteries. I get that most ESS now are Li-Po, but still same factories, many of the same resources, and grid utilities can afford far higher prices than consumers. They are talking about many GW to the grid(s) so that is around 15000 plus EV batteries per GW. If the price of replacement packs does not come down only the wealthy will be able to afford EV's because they will effectively become disposable cars because a new vehicle is not much more expensive after subsidies. That sucks for the environment.

[@robertkubrick3738]

Except EVery BEVer I hear from tells me the packs are Immortal? Why do they need replacement packs? Recycling = storing packs in a conex box and wait for them to catch fire.

[@petershelton7367]

The economic model is broken when competition in a ‘free’ market is perceived as a bad thing.

[@ivannightly1919]

you can easily produce multiple models if you build chassis on frame then there is standard chassis and it just different body types on top my frind years ago had 1 vw bug chassis and 4 different kit car bodies he could switch it looked like he had a pile of cars they were all the same

[@coopercruse5867]

Well this is what happens when you try to force something on people when its not ready . In my honest opinion I think the EV has had a bad deal from govs and those involved in pushing it. They tried to play down the cons as pros and never played up the pros , The push should have been for small affordable city use vehicles which plays to its pros. Short trips low speeds giving better mileage and keeping city carbon to a min. Im sure you guys are up with it all. And im a 65 year old who has been a mechanic my entire life but I dont hate EV,s I actually think there is a place for them if we use them for what they are best for and if we can convince govs to produce sufficient AFFORDABLE power then that also becomes a pro in favour of EV,s. Small affordable 4 seater Ev,s designed around cost and need for urban use , It would only need to do 200kms per charge that would do most families for most of the week in an urban setting so no need for huge heavy expensive batteries , the vehicle would be much lighter then which helps cure a lot of the other problems associated with heavy EV,s like tyre wear and govs bleeding you dry on road maintenance taxes etc which will come. To me the whole thing has been poorly handled and has done nothing but to set the EV back again . Play to its pros and dont hide the cons and promote the damn thing for what its good at and for. It has to be affordable for the masses. Other wise it will be just another poor attempt destine to fail eventually.

[@Google_Does_Evil_Now]

There's a mini EV launching this year and it's £6k. And it has a solar panel roof that will give you 20 miles a day free range by charging from the sun in UK or Holland, and 30 miles in Spain. It's only a 2 seater that does 45mph. But for enough people this will be a perfect little city car. £6,000 new. 20 miles free travel every day from it's roof solar panel. Have you seen it?

[@MetaView7]

I am not too concerned. This is natural selection. Consolidation will happen by themselves. In the US last century, there were over 200 car manufacturers at one time. The same with aircraft manufacturers, there were dozens of airplane builders. When the market matures, they will consolidate. Some will get hurt. But life will go on.

[@kg-4062]

Unfortunately.....if the car industry is based on continuing growth/sales.......it literally doesn't matter how " green" each individual car is. The emmisions output of the entire manufacturing chain will always far out way the saving from each car. Each modern car company will never ever make a car designed such that you will keep it for ever. They want you to buy the next new model every 3 years or so. It's literally a never ending loop of using materials that are dug out of the ground and processed using a crazy amount of energy along the way. So go ahead ....buy an EV if you want to make yourself feel better but it reality you are just adding to the mess. It's unfortunate that most humans are basically just sheep that will do whatever the next guy does or whatever the next glossy advert suggests. Bummer.

[@mymind101]

Well - we dont see this in Canada. Still cost a arm and a leg and years to get it.

[@HiggsBoson2149]

Yes. Thanks to Trudeau's subservience to America.

[@mfgtech73]

Plus 13% tax!

[@johanndork5364]

Same in uk. No bargains and massive risk in long term spare parts availability.

[@HiggsBoson2149]

Thanks to Prime Minister Man-Child.

[@fpsharing]

Canada is viewed as poor these days, more and more. Basically, a lapdog of the U.S. Not meeting NATO spending, no high-speed rail. No funds.

[@local56]

I did once think I would one day drive electric but I now realise it's all a big con and i will now hopefully see my driving days out driving Petrol or Diesel. I feel sorry for the younger drivers who I think are being forced of the roads by increases in insurance, fuel prices and ULEZ rules stopping them driving old affordable cars. The world's going to hell in a hand cart.

[@elpeltys]

Seeing an EV always brightens up my day, there's not much else to laugh at these days.

[@petermilburn1214]

Most infrastructure in modern countries are not able to cope with the extra load required to charge this so called flood of electric cars!

[@aware2action]

The current issue with a BEV, is all about battery range and battery replacement cost. Other than these two, they are much simpler to manufacture and maintain(no regular frequent oil changes (includes engine oil(non-existent in BEV), transmission fluid(fixed gear in BEV needing much longer intervals)), no clutches to wear out, extended life of brake pads(due to regen). There is due diligence needed in charging(not to let batteries die out, or to top off(only for NCM), increased tire wear(due to added weight, aggressive regen). There is still coolant and transmission fluid, brake pad replacement, Climate control refridgerant recharge, LV battery replacement, washer fluid, wiper blades etc to take care off. But all of the above could be done by an owner, with little mechanical skills. OEM parts are expensive, but can always use surplus market for that. Insurance and and body work is a bit overpriced and should be factored in. Not sure, if anything else is left out, but should give a reasonable idea of cost of ownership of a BEV. Just some 💭❤️👍

[@davidelliott5843]

More range means more wasted expense. 300 miles range is more than enough. Decent fast chargers that work at fair cost are another matter.

[@YZXRYDR]

They're getting their azzes handed to them by their own greed and ignorance.

[@Blessedmantoday]

Thanks! Interesting times we are living in 😉

[@flagmichael]

I'm reminded of the song lyrics, "90 miles per hour down a dead end road...." Okay, it is not a dead end road but it is a dirt alley ahead. The problem is with electric infrastructure to support large numbers of EVs. I retired from a Fortune 100 electric company five years ago; the public at large has no concept of the pieces that have to fall into place to increase electric service significantly, and supporting EVs is very far beyond the threshold of "significant." Besides the normal hurdles of planning ( a couple of years) and finding capital to fund it (often worked out in planning) land has to be acquired for the generating station and for the transmission/distribution lines. The generation siting is not that bad, but lines can take between 10 and 30 years, depending how large a plant it is. Everybody everywhere in the world will want the same materials all at once; that just can't happen. _Nobody_ has large stocks waiting around or the facilities to crank out unheard of amounts in record time, or all the logistics. Then come the specific nightmares with a big push to power EVs. Just to get approval to connect a new generating station to the bulk electric power system has become a five year wait already, with a significant number of completed projects withdrawing their application before their turn comes. All in all, few people old enough to read this will live to see the infrastructure needed.

[@robertkubrick3738]

An Electric Truck Terminal was nixed because it's requirements for charging were greater than the city's electric needs, without the terminal.

[@jasonsweb1]

im in the uk,i recently went to look at peugeot e208 prefacelift.they offered me new facelift model RRP £35-37k for £21500,i couldnt afford the deposite or finance but thats a huge discount on a pre reg brand new model

[@dorjbayar1286]

One correction: BYD is the biggest EV car manufacturer in the world.

[@andreasl4507]

Cap.

[@mrsaipros338]

Everytime someone even mentions BYD all I think of is "I'm The Firestarter" by The Prodigy Lol

[@Notme-tq4xs]

@@mrsaipros338 safety ratings ok ? software ?

[@softwarephil1709]

50% of BYD sales are hybrids.

[@Mretinum]

Tesla is the biggest in ev sales

[@grahamoldfield3871]

You might want to look at the second hand price of BYD ATTO 3 in Australia there are a lot of low milage 2,000-6,000 Kim appearing on the market ?? It's very strange could be car rental companies turning over stock or a lot of dissatisfied owners getting out something is up . Are there buyers for second BYD I know you had problems selling yours as you reported . IF BYD has a problem in Australia than I. think all Chinese EV car manufacturers have a problem in Australia and probably Europe .

[@andyman8630]

Build Your Delusions

[@MookMineola]

Not really surprising since almost everything manufactured in China is made to break within a few weeks of use / ownership. I mean sure , if you buy a kettle, an electric drill , a blender , or toaster and breaks after being used once then chuck it out , but a car , using once and then dumping it . Well it just doesn’t work . Still you’all keep buying their plastic landfill

[@deller5924]

Intense pressure is good. It keeps the prices down for the end consumer.

[@ron2256]

They need to stop them catching fire, I wouldn't want one near my house

[@dave-dn6up]

Big money comes at big costs, as the saying goes- no risk no reward. This is why China is set for world dominance.

[@DK-sc4gn]

The huge backlash for EVs in the US just won't sustain BYDs mexico manufacturerd cars. Good luck with that one.

[@markmiller8903]

BLOOD EVS.

[@user-gb8fl4hk9x]

Until there’s a 600 miles range, I will never buy another ever

[@natkingcol909]

Governments should let the market decide...

[@midnighthorizon1]

Unless they can come up with batteries that are cheaper to make as the world runs out of rare metals the problem will get worse over the next 10 years

[@user-nf7tt2uo1r]

Announcing the new SEAOFBLOOD from Tesla. Available in coupe, sedan and luxury SUV models

[@user-ww1ty1mk1y]

How many Australian car companies are still in business?

[@michaelharris5370]

A big zero I think ?🙁

[@Spica1000]

More batteries more power required. Wind, solar etc won’t meet the demand! More nuclear power stations will be needed. Fossil fuel stations are being phased out because of environmental damage. If one of these nuclear plants goes wrong,no bloody environment left to worry about at al!

[@avdp9095]

The market is overheated, the bev transition pushed to hard. To many manufacturers in China, only Geely, Byd will survive.....next to Kia, Hyunday and yes, Toyota.

[@eyefreely9682]

Sea of Blood...? I don't care.... Bring It. I'm not planning on buying any EV's anytime soon.

[@keithhughes2104]

Love the elephant artwork.☺

[@stormsj]

Reality in some markets is that price for battery is a moving target in markets where folks take long road trip more and have less fast charging... Will want more range at lower prices to convert. When $20k 500 mile cars are a thing and $40k 500+ mile larger family haulers are a thing...sure...but as it stands that ain't happening by end of year and all these Chinese firms in danger is more a result of EV transition happening slower than promised for the reasons above where 200-300 miles range just wont cut it in lots of markets. There would be plenty of buyers around the world for all these Chinese EV brands if folks were basically shunning ICE cars en masse when buying new cars. Thats just not happening how folks like Viking here had been promising.

[@douglaswatt1582]

These are for sure the minimally informed comments of somebody who has never even tried or let alone owned an electric vehicle. We make do just fine with our less than 300 miles of range now that our cars are 5 years old. It really is a non-issue. Nobody wants to drive for 5 hours on the highway without stopping. Particularly not with kids in the car or if you're older and don't have kids. So this is a talking point that actually has very little basis in reality. As for the notion that there are lots of markets with inadequate charging, obviously, you don't know anything about the supercharger Network, certainly not in the United States. We experience its coverage as more than adequate.

[@stormsj]

@@douglaswatt1582 have an electric car...road tripped it home. That's probably about the only I'll do in it since it's the families 4th car. They are great for stuff close to home. Charging infrastructure in lots of places is just crap and you are lucky to find 50kw on decent sized towns on major highways. No way you can just drive and know next exit has a good charger when you get down to 10-20% as you tend to do in a gas car. And some states that aren't really desolate as far as people, but poor like Mississippi just don't have many chargers at all. If you have 500 miles range it could be easy finding and making good stops... but with 250-300 you have to stretch limits of range and take on a good bit of planning and logistics to travel through an area like Mississippi. Just forget it if you need to travel certain directions across Nebraska, Dakotas, Wyoming and Montana where a lot of my clan resides. East west you might be fine but gets hairy making a north south trip as I need to for charges.

[@stormsj]

@@douglaswatt1582 how's that superchargimg in Africa where some of the commie countries are trying to ban Gas cars?

[@stormsj]

@@douglaswatt1582 and generally I don't want to stop for 30 or more more than once or twice in a day if I do a multiple day road trip with plans to be on road 8-12 hours a day to get somewhere 1000 miles plus away. Goal with EVs should be a full day of driving...just charge at night on road trips as you would at home. Simplify infrastructure issues and makes the vehicle better than ICE for a road trip full stop. Promising 200-400 mile range and recharging at near megawatt per vehicle to try and match ICE is a fools errand.

[@plinble]

500 miles is a mental gateway. Driving 500 miles in a day is more than enough for most people in the UK.

[@petermontgomery85]

Why are people constantly pontificating about the state of EVs. All that is necessary is ; IMPROVE BATTERY TECHNOLOGY AND MOST, NOT ALL, THE PROBLEMS WILL DISAPPEAR.

[@roybertalotto6355]

The EXACT same thing happened to the automotive industry in America in the 1920s…..so many car manufacturers that some were absorbed but most simply went out of business.

[@stevepurcer4204]

Sam, thanks for the very ensightful reporting on global EV manufacturing. Can you do a segment or two on the North American EV manufacturing landscape, from the perspective of there being too many EV manufacturers. Taking the view that the number of legacy ICE manufacturers, should all of them convert to EV manufacturing, and with demand declining due to pricing and factors like speed of charging, range, etc., will result in a similar blood bath in North America. Best to you and your family.

[@jimthain8777]

realistically with all the global competition these days there should be an amalgamation of the big two here. It might be the only way they can survive once more of the "foreign" cars are built in the Americas.

[@chriscansdale6389]

Every time I see someone praise the fast charging argument, i wonder if they've read their owners manual... mine clearly states that continual/frequent fast charging will reduce the life of the vehicle battery... it is not a long term solution to the time required to 'refuel' an ev...

[@yojoe4830]

Xpeng will survive because, "Volkswagen and Xpeng's jointly developed electric vehicles will use Xpeng's G9 'Edward' platform, in a boost for the Chinese startup that analysts said could lift its sales and profitability." Making fewer cars themselves and selling VW the platform means they can stay in business forever, concentrating on R&D and beta testing. Also, the bigger Chinese can simply build in Mexico and sell in the US. Lucid will simply take as much money as the Saudis can give them, which is pretty unlimited. Combine that with companies like CATL who will work with GM (and Wuling), Leapmotor has investment from Stellantis to make Stellantis' global platform, and most legacies will be fine.

[@Mod-rw9cw]

Families are worrying whether or to eat or put the heating on tonight. This is so far out of touch with reality. Nobody even has a charging ,never mind wanting to drive a toaster with wheels .

[@TonyBMW]

It happened in the seventies with British manufacturers

[@alinthemind]

A few companies with innovative technologies are driving the price competition and are, in fact, seeing increasing market share and profitability.

[@LanNguyen-vd4zt]

No EV vehicle companies are making a profits in China, not even BYD. BYD are making money off of the battery and compensating for the vehicle. Production cost is more than the vehicle.

[@zongliangwu7461]

@@LanNguyen-vd4ztnot true. You need to read their financial reports

[@CharlesCharles-bb6qx]

Just fyi, it would be really USEFUL for people to understand ALL CAR PRICES have crashed with no bottom in sight. Used cars are literally losing a percent of value a week based on latest data.

[@ironwill8596]

China car manufacturers are facing what usa did in early 1900s-1910s when their was 5000 auto manufacturers competing against each other until their was only 3

[@sadoldgit313]

Meanwhile we are all seeing a 100% plus increase in our insurance premiums! The large part being to cover EV repair costs!

[@mikepalmer2219]

Who uses insurance for car repair?

[@jaybee7291]

​@@mikepalmer2219errrrrrrm are you for real? What do you think insurance is for?

[@aeroearth]

Ev's As Ralph Nader said "unsafe.....at any speed"

[@Apemania69]

My guess of the survivors: BYD NIO (alot of partners want the swap tech) Geely (joined nio and has many brands in it) GWM (obviously bc its state owned)

[@Olliebobalong]

They are all state owned.

[@robertkubrick3738]

NIO stock is $5, buy all you want.

[@ahmettogogiz8519]

Saic

[@usmankhalid9438]

BYD and NIO should make Built in Hybrids and plug in hybrids to make more profits.

[@robertkubrick3738]

The same NIO whose stock price is $5 USD? Buy a bunch of it if you want!

[@James_Sovereign]

Starting to see BYD on the road a lot more here in Australia. Not to the same level as Tesla, for example, but still more than we saw a year ago. The only other Chinese manufacturer we see here on the road is Haval/GWM.

[@user-yo4gl1fb2k]

Imagine what kind of damage 91 ev companies does to Africa for batteries

[@rubbersoul3723]

Watching from the State of Rhode Island in the U.S.-new to the channel-bravo-well done-very nicely done piece. That hair-could power every E.V. on the planet! Peace-Bro!

[@justpeace999]

Vehicle manufacturers the world over are struggling to sell EV’s. Consumers have spoken

[@campbell510]

Hopefully they don’t blow up the rest of the world’s car manufacturing at the same time.

[@jimthain8777]

They will, but probably not the way most people think they will.

[@ricshumack9134]

History repeats itself, 110 years for this cycle. The only zero in this entire fiasco is reason for urgent action

[@rochesterzhang9649]

You do know a lot about the Chinese EV market. BYD has already started a price war. Plug-in hybrids are as low as less than 80,000 yuan with 55 kilometers of pure electric range. Acceleration is over seven seconds. There are also a series of models with significant price cuts. This year's Chinese auto market will kill a sea of blood. However, in which consumers happen to be the party that benefits.

[@peterklausner9727]

I personally don't see any robotic arm that will plug in a charger for an autonomous taxi fleet. To me anyways NIO'S battery swapping technology being fully autonomous is the way for any robo taxi setup.. No way around it..

[@fungames24]

There is a way round it, get an ICE.

[@peterklausner9727]

@fungames24 OK sure, but what about when you can't get one anymore? The technology is racing forward today for tomorrow..Eventually gas stations will go way like blockbuster videos!!

[@fungames24]

@@peterklausner9727But, you can get one. You might as well ask what if the sun turns green tomorrow? We'll worry about it when it happens.

[@peterklausner9727]

@@fungames24 You do have a point from a consumer's viewpoint.. This isn't my viewpoint atm.

[@fungames24]

@@peterklausner9727 EV's are obsolete. Should get ICE ASAP. kzbin.info/www/bejne/Y2nKg4dqeLqUbdU

[@gerritgeldenhuys2763]

IMO there is something fundamentally wrong with the totality of the car industry. The race to put ever more technology into every vehicle from the base models to the top, has prices new vehicles beyond the reach of many people who were able to buy new cars in the past forcing us to buy older second hand vehicles that are unreliable. In South Africa even the cheap new cars are more than the average middle class person's yearly salary.

[@johnd6325]

All by design,no car no travel.

[@xushenxin]

sounds like good thing for consumers when the competition heating up~

[@bobmitchell8012]

We don’t care how much they discount these “Appliances “........we don’t want them.......simple.

[@bonaudi]

The problem with the Ev industry in China is pretty clear... way too many brands and models. I can't even keep track with the Auto News here, they release at least 2 or 3 new models every single week. There is no way a small brand can become profitable if they can't cover the R&D costs first. It is not impossible to fix, they need to generate more partnerships and merge brands and sub-brands, reduce the quantity of options in the market (it worked until now, but it is time to organize the market) ...or second, is to go full throttle to catch the foreign markets with what they have inside. The cars sold ¨in¨ China today are excellent in tech and quality compared with many mainstream western models (Thinking in Renault, Peugeot, Citroën, Fiat, Chrysler, Cadillac, not the Germans yet.), unfortunately the ones that currently reach overseas (like JAC and those crappy ones) are not the best examples we have here and they distort the perception of Chinese cars from overseas.

[@mangalaraj5931]

It is very sad. I have told for a long time current technology of battery tech and weight of EV cars and ICE cars have no future. They have come up with better safer batteries and address the issue of where the energy for charging the cars come from. They cannot continue to burn fossil fuels for the grid to provide electricity to charge EVs. ICE cars are doomed in the long.

[@RmnGnzlz]

Well at least you know something like last year's electricity crisis in Europe won't be a problem the more EVs China flood into the market.

[@ellisrochlin2267]

Scary times

[@danielpollard7643]

You need the right locations .as well as consumer's. EVS .unrealistic . Hybrids the way to go your not intierly getting away from fossil fuel. Make them better .we allready know we can .

[@skywalker7778]

Those EVs spontaneously catch fire and are highly dangerous.

[@icosthop9998]

. TRUE *BYD* Has a nickname in China. . *"Government 🔥Tourch🔥"*

[@At_the_races]

EV sales are collapsing across the world.