BYD escalates price war; slashes prices across its entire EV line up

[@trythis2821]

About time prices are going to close to what they should be from BYD. I knew the Australian importer was scalping us.

[@paial]

I just bought the top of the line Dolphin (60kwh - 150kw), called Dolphin Plus, in Brazil, for 28k USD. Considering our cars are very expensive, not a bad deal.

[@Whyunounderstand]

BYD is just pricing them where they should be priced, in order for mass adoption in Australia a BYD should be priced to the equivalent internal combustion cars.

[@leedaq7767]

exactly

[@kerryf9399]

yes totally agree, they are being realistic not uber greedy like we are used to, and will price their production and profit accordingly.

[@user-nh1yb9mk7y]

Just wait before they conquer the market. They will be predatory.

[@camsmith4047]

Dolphin launch price here was a joke

[@robertimrie3710]

Only EVs are superior to combustion cars. Back to back a small Toyota drone box with an EV, find the nearest hill. If you live in a hilly location the difference is huge.

[@edwardkrochmal8268]

China CEO'S dont make 50 million dollars a year.. instead producing more vehicles to lower cost price EVs.

[@bt3779]

@@edwardkrochmal8268 Chinas CEOs make billions. Their true wealth is just not publicised.

[@thomassimmer5186]

This is just how intensely competitive markets work. It was the same thing over 100 years ago in the US when dozens of car manufacturers arose in Detroit. Most failed. It was a mad house but the result was a group of extremely efficient manufacturers that could produce a car for far, far less than anywhere else. Soon American cars were built and sold all over the world. This looks like a destructive process, but extreme competition pushes extreme efficiencies and improvements that lead to extraordinary results.

[@ChickensAndGardening]

Same in Japan about 50 years ago. Their cars were junk in the '60s; according to one story I heard, a Japanese car salesman tried to travel across the U.S. in his Datsun (or whatever it was) and it was so unreliable he had to ditch it and rent an American car. The Japanese car makers competed ferociously however, and by the late 70s many of their cars were _better_ than Detroit's, at least in the subcompact and compact markets.

[@paulchrystie5460]

great for consumers finally a benefit for us from globalisation

[@ahpong]

BYD did it in Thailand. Other Chinese brands followed suit. The resale market and Japanese ICE were upset.

[@florianmallok7770]

The Seal is about 15000€ cheaper in Australia than in Germany. For that money here you can barely buy an entry level ID.3.

[@lostwanderingdrifter]

I wish they would do the same in the Philippines.

[@eugenec7130]

The Philippines Government is hostile to China. It will follow America and impose high tariffs on Chinese EVs. Sorry, the Filipinos do not have luck to buy cheap Chinese EVs.

[@ahpong]

The price war is coming to your country. Just hold your breath.😂

[@protagonist9716]

It will come soon

[@mamacryright5740]

_Undercut CEO astonishing big bonus!!_

[@robocop581]

BYD has its own ships to transport its cars. They already have a cost advantage there

[@ldnwholesale8552]

Until they cannot get insurance.

[@SevenMacEleven]

@@ldnwholesale8552who will not give them insurance ? 😂😂 where did you pull that from ?

[@SevenMacEleven]

@@ldnwholesale8552oh yeah I see you everywhere saying ccp this and that, hmm mentally unwell it seems, good day to you sir.

[@ddleupriandboast]

Improve efficiency Chinese company: Let's slash prices Western company: Increase CEO pay, buy back stock, hire lobbyist, raise prices.

[@eugenec7130]

Elon Musk and Ramaswamy : DOGE

[@edipopplinger2078]

Nonsense. Just compare the working conditions and wages in Chinese or European factories.

[@eugenec7130]

@@edipopplinger2078 It is a known fact that wages and working conditions in China are far inferior than those in the West. But common sense tells us that only low wages and high productivity will ensure that the products are competitive. As long as working conditions are not extremely bad, this is the way industry and economy work. Industry cannot have workers taking 1 month of continuous sick leaves and still get paid. Common sense tells us that the industry will be in trouble.

[@edipopplinger2078]

@eugenec7130 That isn't true. Look at the past 50 years of manufacturing in Europe.

[@H0tchips]

@@edipopplinger2078 Labour costs account for 10 to 15 percent of the cost of producing a car. Not defending Chinese labour practices, but this matters.

[@NijmegenBnB]

In The Netherlands starting at € 36.190. That is twice the Australian price. How can this be explained?

[@nobody-mf8lw]

EU tarrif

[@seawater1322]

The EU is imposing higher tariffs on CHhnese EVs, because they can't compete so they just tariff in desperation ...pathetic.. Enjoy your higher prices EU ZONE.

[@krnpowr]

EU tariffs.

[@Leon-ml4tv]

Well, blame your government, Ursula von der Leyen said Chinese cars are too cheap 😆

[@StuartDapples]

EU tariffs

[@HenriUA]

Hey Sam, love your content. We install all chargers for BYD in a part of Belgium. Even here they are growing a lot. Would love to have some short chats with you that you can use on your channel. Always love to share my insights in EV charging, and the integration with solar and even off-grid. Hit me up.

[@MoeinEsther]

in Thailand , BYD and some other Chinese EV car makers keep Giving good price and getting more booking , BUT , no car to deliver , now need to wait 3 Months to get your car or more.

[@hadtobe4502]

A bit of patience to save a lot of money - why not.

[@byddf]

It means that are not stock clearances but promotions or price wars. Sometimes the promotions/price wars are too good that some people said the high discounts are because they are unsellable.

[@amandagrant4331]

Booking BYD in China also takes several weeks, especially for some best-selling models. This situation is very different from that of many legacy manufacturers. Legacy manufacturers have a backlog of existing cars, but people do not want to buy them.

[@MoeinEsther]

@hadtobe4502 Yeah, but they were telling me that I could get the car in a maximum of 2 weeks and now asking to wait 3 months plus... . Maybe BYD Thailand is not really up to standard and giving random info.

[@eugenec7130]

BYD is expanding its markets too fast. I wonder how its production can deliver on such a high order. But long waiting periods mean high demands which in turn mean good value for money.

[@victorsvoice7978]

The main thing is to get Australia off oil. Clean up the environment. The gravy train is over for government and oil companies. No longer will Australians be held hostage over an oil barrel.

[@JohnathanMartindale]

The main thing is to get Australia off oil. but where does the electricity come from, if Australia stops using Oil, how will trucks and trains deliver goods, ahhh

[@rahimmajid647]

@@JohnathanMartindale One thing for sure... EV owners don't have to worry about price increases at the gas station when another sh!t storm hits the middle east.

[@jlcboobs]

@@JohnathanMartindaleI’m pretty sure there are electric trains and semi trailers.

[@bofomalsi4146]

What about your coal export?

[@robsengahay5614]

@@bofomalsi4146Coal’s days are numbered. The industry has 10 more years at most.

[@fatdoi003]

i always find BYD priced their Dolphins and Atto3 too much and now they're becoming acceptable after 2 years

[@easternrazor3749]

Just a reminder....today in the start for some corporates to shut down for the annual spring festival....and most will only reopen 1st or 2nd week Feb. So sales reports would be based on shorter months.... The biggest human migration is about to begin!!

[@FrankiePo89]

Happy Chinese New Year.

[@ChickensAndGardening]

I'm interested in how reliably these EV's are going to transport people from Hebei to Guangdong (for example). Has China built out its charging network sufficiently?

[@easternrazor3749]

@@ChickensAndGardening without proper charging infrastructure it would not be possible to sell EVs. China developed their charging stations and battery swapping network in advance.

[@ChickensAndGardening]

@ I'm not saying they don't have an extensive network for routine average use, but can it handle hundreds of millions of travelers during the Lunar holiday? They're expecting 9 billion trips over the next 40 days. Hopefully millions of people won't be stranded with empty batteries in wintry conditions.

[@easternrazor3749]

@ChickensAndGardening 9 billion sounds like a scary number but do not forget that most will be taken up by the rail network. Also the charging speed have improved and newer versions down to 7 mins. Bear in mind EV evolution have been ongoing for several years in China. Also charging in most cities are not exclusively at a fixed station. They have mobile robot charging units that could be booked via your mobile phone and the mobile robot charger comes to you at the car park and chargers while you go shopping or have a meal all done without human assistance.

[@wonderwalls3565]

Its time for the ICE companies to reduce their profts which are in billions.

[@brianwilcox2543]

Wait until these governments decide to implement tariffs to protect their automakers. That will slow down the Chinese charge.

[@The_Other_Dan]

The way I see it the BYD Sealion 7 isn't going to have to be priced to compete with the Model Y. It needs to be priced to be competitive and undercut the Xpeng G6 and the Deepal S07

[@markoprusevic9175]

Government subsidies not competition. That's why Tarrifs are necessary.

[@ricksampson6780]

Is this the beginning of the end for Western manufacturing?

[@edipopplinger2078]

Keep dreaming. In the first half of 2024, 5.7 million new cars came onto the roads in the 27 EU countries, as the association announced on Thursday. That was 4.5 percent more than in the same period last year. Yes, market economics is complex. 🙂

[@rahimmajid647]

I wouldn't say the beginning of the end. Maybe the beginning of a change. Look back at history in the 70's and 80's with the Japanese auto industry. It shares quite a lot of similarities with what's happening now with EVs.

[@bofomalsi4146]

The Chinese government hasn't done much to stop fake copies of high end western products. Would be fun if European and American car manufacturers starts copying Chinese brands, and see the reaction from China.

[@ChickensAndGardening]

Yes, it's obvious. Only protectionism keeps Western car makers afloat.

[@after_midnight9592]

Dumping prices to ruin competition, same practice as in other areas before.

[@Discovery2024-rn8kn]

Great! People complaining haven't lives in a country where companies collude and price fix cars, appliances and electronics.

[@alexishart1989]

They don't have the cheapest electric SUV - Chery have dropped the price of the base model Omoda E5 to $36,990.

[@costiqueR]

BYD still did not get any production outside China. This is a problem for them. What is happening in China is that now they are building transport bridge vessels - no longer beach landing like in WWII, so the Taiwan invasion is expected in 16-24 months... The next few years are very, very ...dangerous...

[@jasond1249]

My wifes company just bought 4 new Toyota corolla hybrids 2 weeks ago one just broke down today so much for Toyotas reliability.

[@nathankelly1708]

Got any specifics on your wife's third hand story about one vehicle's break down, so as to justify your claim against the reliability of the world's number 1 vehicle manufacturer?

[@GethinColes]

My Toyota was eaten by a goat. Worst carmaker ever

[@daweigo6851]

​, google Toyota issue and class action in USA and Australia due to issues, every brand has issues

[@daweigo6851]

​@@GethinColes😅😅

[@ChickensAndGardening]

I bought a Toyota Corolla last week and all 4 wheels fell off as I drove off the dealer lot. When I complained, the dealer said, "Too bad we can't help you; you should have bought the extended care package!" See? Anyone can make stuff up.

[@sub7up.]

Desperatefor sales? Over production?

[@chuenyeelau]

Great deal for the people 👍👍👍

[@JDMSwervo2001]

Not so much for the workers.

[@byddf]

It is betrayed the existed customers who bought them shortly before the discounts.

[@edipopplinger2078]

Mischief. You buy a bunch of junk.

[@nagi-springfield93]

Before saying Byd selling car at a loss, Byd has over 20% gross margin last year which is way higher than any top 10 car manufacturer in the world. Currently their profit is only around 5% is due to they are still expanding rapidly worldwide and they spend alot more in RnD.

[@drwisdom1]

Mr. Viking says what BYD is doing is a "war" without caring that the results of war is destruction.

[@grd4612]

I would absolutely take the base dolphin, the only issue would be the lack of heated seats.

[@nickmcconnell1291]

BYD may also be making hay whilst the sun shines. If cybercab comes into Australia within a few years the new car market will crash....as it will everywhere else.

[@jameshind6644]

I was interested in the Xpeng Mona 03 until I found out it has drum rear brakes and no drivers dash. It's a good looking car, but there's currently no Xpeng experience centre in Perth so I've ordered a Seal premium instead.

[@karlwest437]

Great in the short term but what happens when legacy manufacturers are all gone and all their employees are made redundant? Think prices will stay low then?

[@paulhayes2189]

@@karlwest437 there are 32 sizeable car companies in China...all making electric cars....

[@pickscraper7509]

We've been getting ripped off for decades, shake up well overdue, servicing likewise.

[@Soundmaster91]

If the new Seal has seats and head rest that improves for short people we will buy

[@clacton17]

Wish there was a price war here in the UK. But it's change to "Treasure Island" again.

[@andreasfischer2693]

For the current Atto 3 this is not really a price drop. It was cheaper a few days ago with their $3000 promotional price drop and free charger. It is now slightly more expensive with their new pricing and you don't get the charger offer any more.

[@ATCustoms87]

Not undercutting Tesla at all im sure of it. Its just undercutting Legacy automakers 🤪

[@hadtobe4502]

I think Smitherman needs to up his PR department. Sent a few emails asking about their cars - crickets.

[@Dihorse371]

Both Australia and Thailand are right hand drive. So production capacity is more resteictive than left hand drive used in China.

[@nickmcconnell1291]

One has to wonder how many industrial spies BYD and other Chinese car companies have inside each others organizations. Seems that they know when a competitor is going to bring in a cheaper/better model.

[@chris27gea58]

Sam when you are talking about AUD please say that and flash that to screen. Likewise with USD references.

[@brendanquinn6894]

They have "sealed" the deal.

[@trythis2821]

I think they did it on "porpoise".

[@timmot123]

Still waiting for the price war to reach Sweden, all evs are expensive here

[@adamrobinson6425]

Australia is one of the most competitive car markets in the world as it no longer has any local car manufacturing to protect. With China now looking to export EVs in large volumes, Australia is an attractive target. So grab your pop corn. This is just getting started and is going to be really interesting.

[@markumbers5362]

I wonder when any company other than Tesla will contribute to the super charging infrastructure in Australia.

[@titanztv9941]

Not so much a war but a giveaway

[@fpsharing]

Must be nice to have a government subsidized company. Slash prices and even sell at a loss.

[@andrewfyfe3236]

Just like Holden was for decades. How short your memory is.

[@BigMcatParaweena]

You seem to be able to ignore the massive subsidies all automakers get from all governments

[@stopdropnroll]

'Chinese communist party escalates price war' ....should be the title. Remember its a completely different business model. Profit and normal capitalist business outcomes are not part of the plan.

[@claesnordberg9418]

LAst time I got a figure china had 94 ev companies. You had the same situation in the US in the beginning of 20e century (lincoln, dodge, andersson etc. where all independant makers that went bust and bought up by the big 3).

[@WinnerLV1]

In the Netherlands BYD Seal got 2-3k EUR price increase in december, making it more expensive that comparable Tesla Model 3. I know that biggest part are the tariffs, but Tesla is also affected by them. Also lease companies don't trust BYD cars yet and prices are incredibly high

[@robocop581]

27.8% tariff on BYD is a huge difference from 7.8% tariff on Tesla

[@FrankiePo89]

Too bad Netherlands don't allow you the freedom to choose.

[@shreeshsaurya4203]

Maybe BYD is clearing inventory for the vehicles which will come with version 2 of blade battery. I won't touch any BYD vehicles without the battery upgrade.

[@DileepaRanawake]

Unfortunately in the UK BYD’s are pretty expensive. There is no configurator on their website. Also hybrids are a waste of time - you’ll spend more money on fuel and repairing / maintaining a petrol and electric drive train. Pure BEV is the only way forward.

[@tomtom9184]

A competitive market? Being from the US, I have no idea what that would look like. We like monopolies and price fixing here.

[@stevesandgroper3241]

BYD, the TEMU of the EV industry.

[@Mauricio17-x1p]

not quite-they make their own stuff

[@Fantabiscuit]

That was a stupid comment

[@strikeryachts]

Walmart should start selling them.

[@wonderwalls3565]

The difference between BYD and Tesla in Australia is Tesla is the car for uber drivers now.

[@HLC64]

Great story Sam! But ...I wouldnt be too happy about ...downwards price spiral... because everything the goes down comes up in economics...then we say its inflation! Enjoy it while we can but check corner cutting quality specially the weak companies! Even Teslar has to do something sooner or later!

[@jondu-sud274]

Just wondering at what point BYD recover some money - exhorbitant spares and support will be the answer.

[@eugenec7130]

That is possible. It depends on whether BYD intends to do business long or short term.

[@robsengahay5614]

They are making profits at these prices. EV battery prices are tumbling and EVs are becoming cheaper to manufacture than the equivalent ICE cars. That said ICE cars are reliant on after sales parts and spares whereas EVs need to make their profits upfront as few parts ever need replacing.

[@ravencroftgraphics3d]

idk... byd doing this may end up putting them in the red, they barely make a profit on ev's as it is, their ice was making the money, and now they cant sell those anymore in china, and the same will happen soon in the eu. they go further into debt, and they are in debt, by doing this may see them join the other chinese companies going bankrupt. also i would never, nor would any other american i know, ever trust or buy a chinese car. period.

[@MikeTheBike58]

Kept going by the CCP

[@alexzannoni1501]

BYD leading the charge on stopping EV price gouging (??)

[@Reddylion]

Good

[@bestofsatish]

xiaomi is also coming. expect prices to fall further

[@bbbf09]

Escalate all you want - instead of % tariff the west can simply define a base price-add on ($30k?) on all Chinese EVs plus a % tariff. I don't want all technology controlled within our sphere of influence by the CCCP . Plus this isn't likely to be fair pricing by BYD. It's probably completely politically movitivated move and subsidised by CCCP.

[@FrankiePo89]

Weren't you a good sport about free trades in the 80s? Cannot handle a bit of losing now? Side note. China is very powerful, but that alone cannot afford them the ability to spy on any tom,dick&harry.

[@johnfrancis4401]

The problem is BYD is bleeding into the bloodbath too. If you don’t make profits you can’t invest in new technology unless you borrow. Toyota and VW are borrowing and it is risky.

[@hillwalker8741]

US Dept of Treas - wait a minute we can solve the debt crisis with a strategic tariff on Chinese EV's

[@jeffcastaneda7010]

I don’t know where you get your prices from! BYDs are still selling for close to $50k AUD around Australia.

[@robertimrie3710]

A quick check of any Aussie car website will confirm these price reductions and new entry spec cars

[@undisclosedthai]

Price wars 1. Betrays to previous buyers (people who already bought it at the full price) 2. Destroys brand loyalties and brand images 3. Reduces secondhand values drastically In my opinion, the price wars initiated by BYD are good for increasing sales, but in the long run, they are not good for BYD.

[@frankcoffey]

Free markets work and consumers win. That's why legacy automakers hate free markets.

[@DGlass-yg8xk]

China is not a free market

[@tb100]

Cars are far too expensive and complex. Give me a simple, basic car without gimmicks and not tracking my every move, please

[@SzaszaG1]

Tesla is a luxury EV that can drive itself. It's not gonna be the cheapest . We want profit. Apple Iphone never was the cheapest phone. And look where they are.

[@robsengahay5614]

Musk is driving the Tesla brand into the gutter as far as decent people are concerned and the people he panders too nowadays hate EVs.

[@Ulbre]

What amazes me though is that, in China, Tesla are #2 in sales behind BYD with around 80% of BYD sales. Hard to fathom that Tesla can achieve that in China......must be a status symbol.

[@TimMountjoy-zy2fd]

Tesla price at what the market will bare and so far Tesla has been mostly on its own in OZ. Not any more so expect Tesla to defend its position and cut prices. A year or two ago their margins were 50% on cars - that's first movers advantage. Tesla will now have to compete and it will. All good for OZ consumers.

[@FrankiePo89]

The Chinese have chucked the status symbol aside. The facts are Tesla built in China are of higher quality than those built outside. And Tesla are aggressively discounting to compete there and it's priced much lower than anywhere else.

[@ngochuybk]

EV are hitech devices. They are very cheap to manufacture, especially in China. How much do you pay for iPhone? Apple paid $200 per iPhone for Foxconn to manufacture iPhone and Foxconn still has good benefit. Now you can imagine how cheap to manufacture EVs. Even BYD sale off 70%, they still have good benefit

[@stopdropnroll]

Transport as a service will change the face of the auto industry forever. You will not own a car, you will have transport subscription. All these vehicles will become surplus. *The home energy system will be the same, think about these vehicles driving themselves to your home as batteries on wheels. How do you feel about having the roads full of audio and visual networks feeding back to 'customer support' in China?

[@robsengahay5614]

Decades away.

[@thomasbroker69]

Don’t your MG’s there? They are way cheaper than the BYD in the UK & they have some great cars. We love our MG5, it is a long range estate car that was half the price of a BYD..

[@RobinWalter-g3v]

I really appreciate your efforts! A bit off-topic, but I wanted to ask: I have a SafePal wallet with USDT, and I have the seed phrase. (mistake turkey blossom warfare blade until bachelor fall squeeze today flee guitar). What's the best way to send them to Binance?

[@ronaldeusebio6874]

BYD is discounting because no one is buying EVs especially the gov't is removing incentives. Only way to entice the public to buy an EV is to discount. Funny thing is those who bought a BYD prior to the discount must be hitting their head on the wall. Yup your used byd car value has just plummeted. lol.

[@richardledlightguy]

Just hope you don't get in an accident in your byd.

[@cutehumor]

Byd won’t be in America

[@johnalbinson4641]

Good luck to BYD. Hope they price President Musk's cars out of existence.

[@SanePerson1]

Better service from Toyota? The last Toyota I owned was a 2006 Corolla, and despite Sam's relentless Toyota bashing, while paint is a disaster now, it's still runs well and is my grandson's main transportation. But, when it did need servicing, we called the dealership the "stealership" - for obvious reasons.

[@jacklisk5475]

Scott Kennedy - Senior Adviser to the US think-tank Centre For Strategic and International Studies (CSIS) - provided an in-depth analysis of Chinese EVs which uncovered massive funding from the government to help prop up the industry. According to Mr Kennedy, between 2009 and 2023 the Chinese government is conservatively estimated to have spent US$230.8 billion (A$348.6 billion) on financial support for its EV makers.

[@bt3779]

This...the BYD fanboys around here completely ignore this. It is the CCPs economic war that at the moment is making chinese EVs seem like such a good deal for the moment.

[@FrankiePo89]

Nameeriica, the world "superpower" should give its citizens free car. It is the world's "richest" country but they also have the world's highest of homelessness. Give them free car so they wouldn't be sleeping on the sidewalk.

[@jacklisk5475]

@@FrankiePo89 China has 2,000,000 homeless USA 630,000 homeless

[@bt3779]

@FrankiePo89 America does not have the highest homeless. Once again, the correct answer is China.

[@memrjohnno]

Audio is clipping.

[@martina5328]

It is NOT good for the INDUSTRY or BYD. BYD operating margin is 6.5 % and net profit margin at about 5 %. Nasdaq average return beats that long term.

[@cooky331]

whoever bought a new EV in 2024 is probably feeling sick as the ass just fell out of there cars value & it will probably get worse

[@robsengahay5614]

I am sure most are just enjoying their cars. Depreciation is only a problem for those foolhardy enough to change their car every 2-3 years. My EV is coming up 6 years old. I could sell it and give someone a bargain but no reason to.

[@stargazer3828]

@@robsengahay5614 Actually depreciation is a huge problem if you finance your vehicle purchase as 80% of consumers do. Once the value of your car falls below your financed amount you are then upside down on your loan and have negative equity. With many people in the US putting as little as 5-10% down on a vehicle purchase and then to have the manufacturer discount the vehicles by the same amount over a period of time that changes your LTV (loan to value).

[@robsengahay5614]

@@stargazer3828 Quite apart from the foolishness of buying depreciating assets with only a 5-10% down payment this is still only a problem when you want to sell or if the car is written off. All cars depreciate in value. For context back in 1989 my then wife and I bought our first apartment/flat with a 95% mortgage. Within less than 2 years the property value fell by over 30% leaving us with very substantial negative equity (far more than these car buyers). Fortunately we still had our jobs and could maintain the payments and didn’t need to sell and over several years the value increased to take us out of negative equity.

[@ellmusic769]

Here in Thailand, I bought a BYD Seal Performance for 1,500,000 baht. The retail price was 1,600,000 baht just two months earlier. Now, six months later, it’s down to 1,200,000 baht. They’ve undercut the entire market- and themselves. I will never buy a BYD again.

[@laeneel]

Oh boo hoo....and if you'd waited and gotten it for 1,200,000 baht you'd be patting yourself on the back.

[@ellmusic769]

@@laeneel You don't get the point

[@FrankiePo89]

Your next BYD would be so much more cheaper. That's not bad.

[@sausage5849]

It's a race to the bottom. And a race to close more western car plants (that could also build warplanes etc). China playing the long game and winning it.

[@jollyrogerq400]

Has anyone thought about china once all the competition has gone they will put their prices up because they won’t be any serious competition.

[@nathankelly1708]

Too many deer in the headlights focusing on instant gratification to give thought about feeding China's goal of "Supleme Reader". Oh look, a butterfly.

[@FrankiePo89]

Have you ever read up on solar panel competition? You wouldn't be asking this question after reading up on it.

[@rossnolan7283]

This is a race to the bottom typical of overcompeted saturated markets where technologicsl innovation has stagnated ( just like much road traffic is stagnant ie not flowing 🙄 The true flying car ,( not evtol ' taxi) is the natural and long overdue next stepto real progress....

[@12vLife]

US won't be part of the Global auto market. And if those products got in here Auto insurers will ask for 2x rate to insure. Accepting $2k/month of depreciation must be hard. Over the next few years lots will always be full of brand new prior year's models with batteries of 30% less range discounted 40%. It's gonna be a blood bath for a good while.

[@gillo3139]

It’s interesting on your take on these price drops. When the Chinese do it, you call it a great deal. When legacy manufacturers do it you call it distress selling. Your bias to the Chinese manufacturers is embarrassing! The Chinese are in danger of completely destroying the AUS market. Everyone who bought these cars already is completely stuffed! This is not helping EV’s gain traction.

[@JohnathanMartindale]

Your bias to the Chinese manufacturers is embarrassing! yes i agree, who is paying him, good gig if you can get it

[@robsengahay5614]

Prices will fall as these cars become cheaper to make. Many have been predicting that by 2025 EVs would achieve price parity with equivalent ICE cars. This hasn’t happened yet but it is inching closer. Definitely going to happen within 2 years.

[@LaBambaCL]

those are decontented byd models, iirc

[@simonpannett8810]

BYD could takeover Japan except for National loyalties! Indonesia/Malaysia next?

[@FrankiePo89]

BYD and the other Chinese are doing extremely well in Thailand. My wife holiday in Bali a couple of months back and she saw huge numbers of Chinese EVs on Indonesian streets. Guess Malaysia wouldn't be far behind.

[@simonpannett8810]

@@FrankiePo89 Coming in large numbers to Brasil and S.America too!!

[@FrankiePo89]

@@simonpannett8810 Yes, I read about that.

[@mikafiltenborg7572]

Tesla (& BYD's) competition is coming All over them self 😂

[@Barnaby33YT]

So Tesla can't compete?

[@davidallen2058]

Still think the Australian gov will add huge tariffs on Chinese cars coming here as part of the anti-china insanity.

[@PropanePete]

It won’t seem like anti China insanity in a few years when China invades Taiwan as part of its “unification” program.

[@continental_drift]

What would be the justification for it tariff, there is no Australian manufacturing to protect.

[@Hellomynameis93]

China is Australias biggest exporter country, over 30%. You put tariffs on cars and the Chinese will make them pay.

[@Discovery2024-rn8kn]

Australians love high property and car prices.