The worlds biggest battery company reveals why the west has NO chance

[@electricviking]

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[@Weenyween]

My understanding of Chinese Confucianism is that it teaches the accumulation of knowledge will turn into one's virtue, ethics. We Japanese imported the idea centuries ago but easily forgot after surrendering to the West in 1945...

[@eugenec7130]

When I was young (when China was poor and "backward"), I thought that Confucianism and other Asian teachings were much inferior to the Western ones. But today China has overturned the whole thing by being a technological giant and shocked both the West and the the admirers of the West. The Asian teachings have gained back the respect and admiration even among some Westerners.

[@ecrush5080]

@@eugenec7130 While I never thought Confucianism as inferiors, but I thought it's "confusing" ( I Ching / Yi Ching included )... back then it's like me reading the concept of quantum worlds today. ( the true scientific one OFC, not the sci-fi )

[@idiot20099]

你们日本永远都是中国或者美国的殖民地，小国家的未来就是做好殖民地！

[@DarwinMagsino]

​@@eugenec7130since the genghiz khan era or mongol empire,chinese empire etc etc the west always behind to asian empire and envy to asiatic race

[@user-ggyy34wsk575]

The western companies pay so high salaries to their CEOs that they couldn't afford more Engineers 😢

[@GreenIsland38]

That about sizes it up ! Who needs all those nasty scientists, engineers or Software specialists, when you have great CEO,s who can bankrupt the company faster and walk away with their pockets full, to the next executive job !!

[@Bilangumus]

@GreenIsland38 Exactly what i was thinking. Germany has some of the smartest engineers on earth, but bad leadership is destroying them.

[@juliahello6673]

VW hired (can’t remember exact figure) 4000 software developers. I don’t think it’s the number of engineers. Tesla has a tiny number of engineers but they are really good. Adding more engineers often makes a product worse, not better.

[@tedg1609]

Americans hate engineers. All the $ goes to lawyers and MBAs in the US.

[@murat9268]

People work in Vw software development department say one thing: huge bureaucracy.

[@eugenec7130]

I am a Chinese descendent living in Malaysia. I received Chinese medium education similar to that in China. Chinese medium education has been labelled by the West as strict, rigid, inflexible, boring, impractical, illiberal, unpromising, stone-aged and so on. In fact, they are right. Students in Chinese medium education study so hard, are drilled into discipline and knowledge, and are somewhat "boring". But as a matter of fact, this type of education has produced many outstanding scientists and engineers. To the surprise of many Westerners, it is this type of education in China which has churned out a pool of highly promising talents and has enabled China to shine so brightly in science and technology that it is threatening to surpass the West.

[@vipahman]

While I agree with all the pros you have mentioned about this style of education, there are some cons. The Western system creates entrepreneurs that doesn't happen in the Eastern system because the Western system is based on research and innovation while the Eastern system is based on using that research. While this has changed in the past few decades, China now has numerous research institutes and is heading in the right direction. Chinese innovation will not be an oxymoron as can be seen by US attempts to throttle and sanction all high tech industries enabling China.

[@peterk5981]

@@vipahman only someone with racist inclinations and swollen ego could produce such a statement that can only provoke laughs. "Western system is based on research" - buhahahahahaa, what kind of research? Perhaps the big corporations like Tesla who use a lot of specialists who were educated in the East.

[@francoischarbonneau9447]

And that's what makes it so incomprehensible about the US going after Elon Musk and trying to slow him down while letting foreign participants take over the market?

[@mxguy2438]

The liberal indoctrination/education system in the US is a significant vulnerability that persists at our peril.

[@camsmith4047]

I'd rather young graduates who are fluent in English, courteous, polite, respectful and able to make conversation. If not in English speaking country then drop the first item

[@josepheads5589]

Stellantis spent 2.3 billion on stock buybacks instead of investing in new products, now their dealers have nothing that consumers want to buy. That's how most American corporations now operate.

[@tedg1609]

Nailed it.

[@chuckrogers5567]

I doubt you are considered an expert on American companies by anyone but yourself.

[@josepheads5589]

@ I can read. Do you?

[@camsmith4047]

Focused on quarterly profit and revenue announcements to the market

[@chuckrogers5567]

@@josepheads5589 Not really. Business rise and fall based on their decisions. As an investor, I try to look at numerous metrics. Do I like the product, are they investing in the future, are they profitable, etc.?

[@notcherbane3218]

Well he's right about one thing, Toyota is very anti-EV, they've tried to push hydrogen which nobody else is interested in. And they've downplayed EV development.

[@sabb007]

But Toyota hybrids are in strong demand. Folks are willing to wait nearly a year for RAV 4 hybrids even though they can walk into some shpw rooms and drive out in an EV a few days later.

[@francoischarbonneau9447]

@@sabb007 I don't think you can buy a Toyota EV and get it in a few days, from what i've seen it'll take just as long as a hybrid.

[@camsmith4047]

​@@sabb007now that others are selling hybrids the wait time for Toyota hybrids will mystically come down. Its all smoke and mirrors at Toyota

[@ericwee88]

The top selling brand in Singapore for 2024 is BYD and Toyota is in 2md place. In 2023 BYD was in 4th place. Numbers tell the story. Btw, I now own a BYD SEAL and my previous cae was a Toyota.

[@justinhogue9861]

The hybrid route was the correct decision. I'm sure they'll adjust as the market adjusts. Hybrids are printing money right now.

[@chrisbryden8102]

America has become lazy and fat and now Trump thinks the only way to compete is tariffs.

[@nguyep4]

His focus to bring back manufacturing in the US. US won't be in a dominant position if all manufacturing are outsource, make energy cheaper that would reduce cost of transportation, lower the cost of goods, etc. Cheap energy drives the economy. Tarrif is a necessity when an adversary country is actively wants to eliminate your auto manufacturers. Using capitalism as a defense when it is not about capitalism. It is a form of attack by a foreign country. People are so navie and think a country should turn a blind eye to that aggression. Imagine if US companies setting up businesses in another country and US government are funding all aspect to destroy the local businesses.

[@erikmoore7402]

You know, the government used to be entirely funded by tariffs, not income tax on its citizens?

[@Zirrad1]

​@@erikmoore7402A terrific is a tax on the citizens...just indirect

[@FabioCapela]

@@nguyep4 Tariffs only work for bringing back industry when its done in tandem with well planned industrial policy and a strong push for companies to improve - which must include making it clear that the tariffs will eventually vanish and any company that doesn't become competitive will be allowed to die. Without that, using tariffs only results in sheltered, uncompetitive companies that will lose all their export market. And keeping an industry sheltered from international competition too long creates a drag on the whole country's economy that will hinder the competitivity of every other industry in the country. BTW, part of the reason US electricity is expensive is because of the tariffs on Chinese solar panels, as well as non-Chinese solar panels that use Chinese components. The average price of solar panels in the US is roughly twice the global average. Since electricity is a core input for most industries, this create a drag on the US economy as a whole in an attempt to prop up a single US industrial sector.

[@EVRick-Ioniq5]

⁠@@nguyep4When politicians are doing so much to downgrade interest in EVs, what foreign manufacturer, which sees the light and is converting all efforts to transition to EVs, would ever want to bring their manufacturing TO the US?

[@victorsvoice7978]

Greedy auto executives are responsible for the poor quality and high prices of new cars. Western governments that charge high taxes on new vehicles are also to blame.

[@chuckrogers5567]

Inflation plays a large role in price increases. Been to a Supermarket lately? Due to government overspending and printing money.

[@MickH60]

@@chuckrogers5567 Simplistic nonsense, I wish you people would educate yourselves enough to understand exactly what’s going on.......

[@chuckrogers5567]

@ Thanks for the insult, which unfortunately was not accompanied by anything vaguely intelligent or insightful.

[@uncomplicatedi]

​@@chuckrogers5567blaming inflation on printing is called Monetarism invented by economist Milton Friedman. Friedman was an paid elite ideologue proven wrong on this point over and over and over and it doesn't matter because it serves the elites interests. See Steven Keens critiques of neo classical economics

[@MichaelCuthbertson-zl6in]

China.- just like Japan in the 50's, 60's, 70's etc. Incredibly hard work, innovation, quality products at an affordable price.

[@williamwilson6499]

Meanwhile, in America…our leader is issuing shitcoins.

[@Joe-ij6of]

...and gutting ev incentives and industrial policy initiatives to try and play catch up with, what I thought he understood to be, our biggest rivalry... ¯\_(ツ)_/¯

[@larryc1616]

Can't Fix Stupid trumptards. Mission impossible

[@antwango]

I'd BUY THAT FOR A DOLLEEEER!

[@stephanielau1705]

Why ? It's easy money without actually working.

[@mikew3665]

​@Joe-ij6of nobody wants EVs even with incentives, build a better EV with infrastructure then they will sell. Making car makers build what is not in demand is pretty stupid. Puts companies out of business. Politicians are not business savvy just tax and spend will fix anything. Let the market decide when EVs are ready.

[@wss29-4sf0]

In China's first tier cities life is so safe and great. I think all the brightest young people in the world will soon go to work there.

[@justinhogue9861]

No one wants to move to China. We are probably heading toward less people moving to China.

[@lawrencesmith9059]

I worked for a company owned by a Chinese parent company 3 decades ago and the CEO told me that one strategy was to cut prices until all his competition left a market and then raise prices and make profits. It is in the culture that they are willing to work hard for long term profits.

[@wss29-4sf0]

In the West they buy out all the competition and never lower the prices.

[@boyxao]

and the Western companies are not doing exact same thing? So naive.

[@benmlee]

China will kill off most legacy manufactures like GM, VW, Toyota. China killed off the US solar industry. Question is whether they will kill Tesla as well. There is only one reason Tesla is still selling in China is because they still need to copy off of them. (Xpeng interface down to the steering wheel is a copy of Tesla. They stole Tesla source code.) Otherwise, public opinion will turn overnight. China is expert at manipulating public opinion. Car itself, they already knows how to build. Battery management still behind. Self driving also still behind. The AI race is heating up. Elon has an edge on rocket, EV and AI. EV race won't be as easy to win as with solar panel.

[@dearcoolz]

​@@wss29-4sf0monopoly hence why theres anti trust law

[@SparkySho]

Speaking of which AMERICAN TIRE is owned by the chinese

[@mijmijrm]

engineers require high level education. Education is inexpensive in China. USA creates aversion to education by putting students into crippling debt.

[@wongcy713]

In US people with high education and talent look for jobs on Wall Street or CIA. You need to work hard as an engineer.

[@davidtydeman1434]

Sam I agree with your general point but let’s not confuse advanced tech with ICE vs EV. When I upgraded from a 17 year old Honda Accord to a BYD Atto3 I gained a lot of new tech as well as a different power plant. Many new ICE cars have a lot of fancy tech. The challenge for car companies is to replicate the Apple experience of making advanced tech intuitive and welcoming and not over complicating things e.g. on a cyber truck you have to find the controls on the screen to open and close the Glove box. On the model 3 the indicators are on the steering wheel. I like my BYD because the learning curve to drive it was so simple when coming from an ICE car. Balancing tech with intuition is hard.

[@someuser7501]

No you don't. you just say "Open Glovebox" in the Cybertruck and it opens. C'mon man voice control has been standard in Tesla's for YEARS. The screen is the secondary way not the primary..

[@jimgraham6722]

At Bunnings the only things not made in China are the coffee and sandwiches.

[@james_l4337]

There's now made in India, Vietnam also Taiwan tools, Others are coming

[@billthomas8994]

Been thinking for a while now that Western automakers need to license CATL technology until they can commercialize leapfrog technology

[@diemes5463]

Why?

[@billthomas8994]

@ Better and cheaper technology to date. We need such technology to get us to the point where entry-level EV‘s are cheaper than entry-level ICEs without govt incentives. EVs are still too expensive, at least here in the USA,

[@chriscain7333]

Nope, new administration will bar everything battery and ev

[@billthomas8994]

@@chriscain7333 the new administration will bar federal tax credits for new EV purchases, but certainly not stop investment in EV technology.

[@chriscain7333]

@@billthomas8994 "drill baby, drill" enough said, and im more worried about tesla than anything else.

[@Kay-cy9vi]

Not only auto industry, more to follow.

[@antwango]

Boeing! errrrr what else are the yanks making.... id say Apples time in the spotlight is up..... theyre no longer innovating since Jobs thats been like 20 yrs! Their Apple car turned into the Apple VR and looks like Apple AI will be eaten by Chinese AI namely Deep Seek as we speak! even if they can reach Deep Seek another Chinese firm will rise up.... open source bebe! Also id say KZbin as a platform that was untouchable..... all china needs to do is unleash BiliBili or make an international version and BooooooM! It will at least keep youtube and google honest!

[@passby8070]

Robotics, drones, medical science, nuclear science, aerospace, anything important China leads. The only thing US over is access to leading edge chips due to bans and sanctions. But even on that front, China is quickly catching up. In another 5 years, China will make up that gap one way or another.

[@marcusaetius9309]

Here in Canada we are unlikely to see an affordable EV anytime soon. Pressure from the car companies and US government assures that there will be no imported EV from China without hefty tariffs.

[@someuser7501]

Tesla has been selling EVs overseas since 2013. Why the long Canadian delay of Chinese EV imports? You should have been buying some years ago.

[@glike2]

The extremely financialized American higher education system deserves a lot of blame for this problem. Evidence of that is the visas used to get highly educated labor from other countries. 437K and 147K PhD USA STEM graduates per year. "China produces more than 5 million STEM graduates annually, the highest in the world. This includes over 77,000 STEM PhD graduates per year, which is more than the United States. ". 10X USA ! But 1/2 PhDs so they must be very high standard. If the USA did not have so many b******* jobs like the whole health insurance industry and all the administrative jobs To fight the insurance on the provider side, and all the predatory finance jobs. Maybe we could have more STEM graduates to actually create and invent an engineer technologies to move humanity forward.

[@ryanjuguilon213]

But aside from MIC and technology companies, what does the US have? Its all grift, middlemen and "financial" services. Goods imported outside sold at 100 to even 1000% markup, with parasites adding fees after fees after fees to balloon the cost and sqyeeze the customers who uses their credit cards to pay so additional interest and financing fees. But hey that give 24b GDP. USA #1

[@glike2]

@ryanjuguilon213 if you cleaned up all that crap, it would result in a huge amount of deflation and drop in GDP, fake recession but people better off

[@SaintKimbo]

But, aren't you seriously underestimating the value to US society, and its economic growth, that is going to come from all those Students when they put their gender studies and African history degrees to good use in the workplace?

[@MickH60]

@@SaintKimbo You really need to grow up mate, you're posts are propaganda and drivel.... It's really embarrassing...

[@nicg1331]

Fantastic video!

[@KA9DSL]

The west keeps firing there engineers.

[@winfredcoorengel7203]

Are you implying that these engineers are western?

[@KA9DSL]

@@winfredcoorengel7203 Yeah, they keep looking to the west.

[@williamwilson6499]

Their engineers.

[@KA9DSL]

@@williamwilson6499 Thank you Mrs. Paulachechski.

[@winfredcoorengel7203]

@williamwilson6499 oh ok didn't quite understand there vs their 🙂

[@Ramacat66]

Loved the video. You should have entitled it "EV Autos - the best example of capitalism in action in the world today". America's focus on 1) promoting monopolist businesses and 2) resorting to protectionism to protect firms which spend more on stock buy-backs than R&D stands no chance.

[@frankvandenberg7440]

The legacy auto makers have it rightfully coming to them. For decades they made us believe that there is no alternative to combustion cars. Thanks to Elon Musk we now know better.

[@PyroShields]

Don't blame legacy auto, blame greedy ExonMobil when they were robbing us with high gas prices. If they weren't so greedy EV's wouldn't evolved as they have.

[@SunshineShane]

@ Who is really greedy? In the EU I pay 45 cent for 0.9 liter of 95 unleaded plus 55 cent for 0.1 liters of bioethanol (needlessly) mixed in plus 97 eurocent of fuel tax, CO2 tax, ambient tax and VAT. It´s one liter for 2 USD, it´s 318 USD per barrel. I do blame greedy governments. And it´s 49 cent per kWh or more at a slow public charger. And if anyone says it´s not true, don ´t believe him. Indeed there are public chargers that charge 24 cent per kWh plus a base charge plus 24 cent per 1 minute - the result is the same.

[@PyroShields]

@ It is cheaper to charge at home. Not sure what you are saying? Are you saying Oil companies were not greedy? They were the most profitable for years where they were buying back their own stock. Back in the 80's it was illegal to do that.

[@SunshineShane]

@ Just ranting about the taxman, who did nothing collecting more per liter than everybody else together: land owner+ drilling company+ oil tanker+ refinery+ transport+ fuel station owner

[@PyroShields]

@ What are you even talking about?

[@ChasMraz]

I think a lot of people are talking about Moonacy protocol already)) Why aren’t you mentioning it?

[@kenbehrens5778]

Relevance?

[@abelincoln3261]

If anyone does the math they would realize that in ten years from today we will have surpassed a point of no return,,, another words... Cars won't be discarded as quickly and less people will be buying new cars as well as a better mass transit system. thus we won't see all these cars makers anymore we wont need so many cars built.. thus the industry will shrink by easily half of what it is today! Don't buy auto stocks in American car company not anymore.. It's over..

[@alexhu7939]

you will be so wrong! people buy new cars not just because the old cars are used up! many people want new and better toys!

[@hyeung1]

People have been buying new cars every 6-8 years on average here in the US. That's already way shorter than the lifespan of any car. The trend won't change just because of the change from ICE to EV. It's not a math problem.

[@capnkirk5528]

@@alexhu7939 ONLY the stupid ones. OK, so that IS most Americans, but they can no longer afford it, so it's not relevant.

[@SunshineShane]

Is that why they are only building expensive but disposable cars? Both, Evs and ICE?

[@diemes5463]

nothing is more powerful than the american urge to buy things we don't need

[@gbw28]

That Zeeker 007 looks absolutely gorgeous.

[@vsalasarcr]

Greetings, always grateful for the information. On the other hand, they have the most efficient combustion engines and the best electric motors.

[@Ray-ld3mt]

Good video!

[@electricviking]

Glad you enjoyed it

[@yrj77]

The Chinese government subsidizes the losses of their companies. Substantial tariffs are needed to rectify that problem. But that's no excuse for the West to be so far behind. We have the ability to be at the top of battery technology.

[@remix-yy1hs]

You sold your sold to isreal the devil himself. 😈 😂😂😂 he gonna take everything you own

[@terrancecloverfield6791]

I think it's a complicated problem in the US because our government doesn't just take land for the sake of 'the greater good'. We have lithium deposits in both California and North Carolina....But even California isn't going to just displace the natives nor install polluting factories as a response to China. China has us beat in how they operate and kudos to that. Americans and the west need to get away from this DEI social political hyperfixation...stop hiring HR do-nothings and start unleashing our engineering talent.

[@Daniel-u7x8j]

And US has kept Ford, GM etc subsidised and bankruptcy protected for years too, ditto the Euro car makers and their governments.

[@wongpohchan9485]

Don't just repeat bullshit from your media.

[@chriseyre83]

I wish we could get alot of these cars in the uk

[@maxpower7086]

BYD are already here. Look them up, funnily enough their cars are going for £40k or so. You surely didn't think you'd get them for Chinese prices did you? And we don't even have a tariff against them.

[@pfischer4664]

I watched a video yesterday where you were predicting the end of the world kind of thing as regards EV companies in China and elsewhere then I realised it was a year old…And things are not that different today, the EV world is still spinning on its axis so to speak… there are winners and losers of course… But please, Electric Viking, less click bait headlines and more balanced reporting would be appreciated:)

[@WoWCity]

Wow! What a forecast and prediction that's so scary for the USA. I hope they can still adapt as many cities and people rely on these companies for jobs.

[@ChiTsang]

Rip ice

[@NoiserToo]

@@ChiTsang - ICE age coming!

[@ChiTsang]

@NoiserToo get some dude

[@NoiserToo]

@@ChiTsang - already got some, comrade

[@MickH60]

@@NoiserToo "comrade", spoken like a true Americam whilst fascism take over their sad country....

[@SunshineShane]

neither rip ice or rip ev - both could be living happily together worldwide 70% ICE - 30% EV for the next decades - unless another tech comes along or ICE sales are prohibited by law. Why not be free and have both?

[@lesson.3012]

On the other hand, the United States returned to the era of oil digging and using internal combustion engines.

[@dearcoolz]

Drill, baby drill 😅

[@WebAccount-y3e]

😂😂 The amount of copium in the comments is a sight to behold!

[@kenbehrens5778]

LIC batteries

[@Peoples_Republic_of_Cotati]

When do we get to print out our own cars on a 3d printer using Open-Source plans?

[@tothimre7950]

Hi @Sam, there are many misinformation in this video. ICE car can have also tons of Software and tech features and they have... Even my Opel Astra K can auto park. The K series was produced around 2015-2020. So this is actually not really new thing, but probably works much better now. kzbin.info/www/bejne/nZmYZ4Wve7JjhsU

[@DouglasW-m9z]

The Western EVs manufacturers closing down not because of their lack of engineers, money. Thanks to the mainstream media kept trashing EVs, its actually works. Thank you so much from China 🇨🇳, you are welcome

[@terrancecloverfield6791]

The mainstream media, are you high? They are all in lockstep with Democrats and completely pushed for EV mandates. Common sense prevailed and will continue to do so.

[@JamesBond-vg6wz]

Humans have NO CHANCE..Ai and Robots will eventually make them redundant and extinct..

[@PeterandElla]

I have a low kilometre 4 cylinder Camry that I own and paid $7,000 for and I prefer investing in better things then new cars which lose value as soon as you drive them, and as pensioners we cannot afford a new $60k EV and I don’t live in Asia so I cannot buy a cheap Chinese EV

[@natesj6105]

But a 1 to 3 year old Tesla for 20k then.

[@PeterandElla]

@ So a tesla drops $40k or more in value in 1 to 3 years ? That’s why a new car is not a great investment

[@FabioCapela]

It's not just Asia. I live in South America, and for about $20K could have a brand new BYD Seagull delivered to my doorstep next week.

[@maxpower7086]

​@@FabioCapelaThat's nice, I live in the UK and the same car is $40k.

[@SaintKimbo]

@@FabioCapela Yes, but BYD can take advantage of slave labor in South America, can't they?

[@JeffreySmith-if6ey]

Yes, this all appears to be true for now, just like it was for Japan in the 1980s for electronics. I am not convinced however, that China will have this industry captured for more than a few decades, maybe even shorter. Their demographic crisis (collapsing birth rate with lack of significant immigration), massive national debt (looming economic downturn), political risk (communist dictatorship) and cultural changes as their younger generations age will rapidly catch up to them. They will not be able to hang on to their lead, unless they solve most of these serious problems in the next decade. The chance of that happening is extremely slim. Japan still hasn’t pulled out of their economic slump after numerous decades.

[@Nphen]

A comment from a Chinese person on a Carl Zha video about Americans being impressed by middle class Chinese lifestyle on Red Note said that the US will be relegated to a "regional agricultural and resource power" and he couldn't be more correct. If the US & Europe are smart, they will develop sustainable agriculture and tourism industries and local light industry. The US switching from GMO cotton, corn, and soy to hemp could explode the value of the farm sector by tens of billions a year or more. With light manufacturing benefits for everything from textiles to livestock feed. But will that growth be shared, or captured by the rent-seekers like Bill Gates?

[@willtabacchi1408]

It is possible basic transportation will eventually be produced and sold for $7,000. After 7 or 8 years the car will be sold or scraped and the consumer will simply buy another $7000 car. Thus cars will become just another commodity like potatoes. There is another possibility -see below

[@SandorFule]

In China, saturday is a workday. And those chinese workers, who want a higher standard of living than the average factory worker, work 10...12 hours a day. Europe must compete that. When I was young, I worked 55-60 hours a week. Strict times are coming again.

[@RussellFineArt]

No, Chinese workers should demand 4-5 day work weeks and 6-8 hour work days. Working like a slave to enrich the billionaire oligarchs, is not living, it's just slavery.

[@SunshineShane]

After working 60 hours a week for 25 years - maybe there comes a time when it is advisable to slow down, except they won´t let You. Than it is about dreams and what You work for: a better car, a better home, a better lifestyle, a better education, holidays far away - like it was. Today, in Europe, it is to pay the taxman, the electricity bill, the fuel bill, the food - and still live in that old, shitty apartment and still drive that old, shitty car without anything left for a fancy restaurant or some nice holidays. The more you earn, the higher the tax bracket and tax and social security contribution and....

[@nguyep4]

That is because jobs are competitive in China, and you need to out compete by means to be able to make a good living.

[@FabioCapela]

@@RussellFineArt Part of the reason they are willing to work long and hard is because their wages are much closer to that of upper management than in most US or European companies. More so in state-owned Chinese companies, where there is a rule that the best paid employee (usually the CEO or president) can't get more than 10x what the worst paid employee receives. Incidentally, the percentage of the Chinese population that is billionaire is roughly a tenth of the US percentage. I'm not saying that workers shouldn't fight for better conditions, mind, but the average Chinese worker seems more inclined to perceive their extra effort translated into improved wages for them and their peers - as opposed to larger CEO bonuses and shareholder dividends - than workers in most developed countries. This helps a lot with morale.

[@WebAccount-y3e]

@@RussellFineArt No you don't get to choose. You're not coming from the higher ground or any form of superiority. Since you are below, you have to conform and work hard to compete, or die trying.... 😂😂

[@fritzeph6550]

US has the money but China has the talent.

[@tedg1609]

And therefore, will soon have all the money.

[@ciybersal3499]

US spends on wars and policing the world. China spends on infrastructure and future technologies to improve lives. US needs to print money for wars, invasions China has 3.4 Trillion USD reserves they wisely spend

[@rockspyder3970]

China is just so far ahead. No-one noticed, but they will start noticing soon

[@KimLee-n4c]

U.S. has the borrowed money.

[@ericwee88]

Yes there is a big difference between money that we actually own and what is essentially on loan.

[@BatkoNasBandera91]

Northvolt didn't go bankrupt, its dtill operational

[@ScottWitte]

Your statement about Cruise was wrong. Remote operators could take over if a car had trouble, which was rare. That was obviously needed for safety while the software was still being tweaked. It's the same with Waymo and all other autonomous taxis, BTW.

[@WalkOverHotCoal]

Nice report, Sam. Thank you. I have often wonder "what would be the outcome if western governments use the same tactics like heavy subsidies and incentives China is accused of relying on to make its EV so outstanding?" Would Germany be able to match China ? Can the US beat Chyaannah in its own game ? My opinion is NO. Why? Because to be successful, many aspects of manufacturing a raw commodity, into a nice shinny desirable object need to come together. I bet China has endured many industrial failures which saw the lesser beings weeded out. Despite the subsidies, China also encourages stiff competitions between entities within China. Even now, as Sam has pointed out, companies go one-up over one another by adding extra features, lower prices, longivity, etc, in order to stay in the game. And we can't talk about manufacturing without mentioning tariffs. Tariffs have kept US, and many western enterprises viable, protected from imports. While that helps to keep jobs and salary high, such ploy would only mask the ills. Think of a band-aid over a sore. As long as there are election cycles, protection tariffs would be recycles time and again to buy votes. Trump still claims that "tariffs is not a tax". That is the level of deceit, or perhaps intentional ignorance, that would keep US auto industry in a happy place...for as long as politicians could get away with it.

[@shawnholiday1635]

Look, those legacy costs are people. Those so called burdens are contracts that companies made because it was profitable and unions forced them. Now, workers worldwide, especially in China, are miserable with no one in their corner.

[@hynoor7254]

So wrong, almost all Chinese automobile factories use robots ...

[@johnmurphy9304]

Car dealerships won’t allow you to trade in an EV. Country is awash with EVs as people are not buying them as they far too expensive and dealerships won’t be able to sell 2nd hand EV

[@craigmerrow225]

I bought my 2021 Bolt from a company that sells used EVs; they do a booming business!

[@tommiko8313]

Yet they are not self congratulating.

[@patrickpirzer4080]

The chinese secret of success: All in one hand. Motor technology, software, batteries and resources. I think you are right Sam. This is the end for the legacy car makers. But it can be a chance for startups. For new car makers, which will concentrate on the next step: Robotaxis. We know that our cars are not used for 95 percent of their time. This means that we will have in the future a fleet of automatic vehicles which will be - at maximum - 8 percent of today's car fleet. And this will be - at last - a problem for the chinese car makers like BYD too because big makers will not be needed anymore. So in the end all big car makers will go down.

[@misterpaultje]

Why is this a problem that these cars etc are made in China? It already happend with clothing 60years ago and other stuff. The English auto industry is completly gone for decates, now the Germans are on the point of crashing. All the major companies let their stuff being produced in Asia for how long, all the big players do, Nike, Apple etc make product for 5-25 dollar and sell them to Western World for way to much. So the car industry is next, first it where the Japanese, now the Chinese. To me it's just a industry that's going down in Western world, like every other did before. If companies don't want that, let it be made in the US or Europe and it cost a 100 dollar for a Iphone instead of 25 in China and sell it for the same price, but nooooooo they want to earn 2 billion ISO 1 billion.

[@kckfen]

I dont think is just becoz of number of engineers, is the work culture and management is vastly different from western company that propelled them to further advance.

[@jerryzimowske8022]

You stated that a Chinese company produces a vehicle that competes with the Tesla model 3 and sells for half the price. Seriously?? No way. Since both are made in China where is the cost advantages for the Chinese company. I’d say it’s lower quality and government subsidies.

[@kenbehrens5778]

Jerry, Most of the world's Teslas (55%) come from Tesla's Shanghai factory. Australian consumers buy Tesla cars. They are from China. Top quality, and top tech. It's what you expect from that company. 95% Chinese components, it's really not a problem.

[@jerryzimowske8022]

@@kenbehrens5778 Maybe my original post wasn't clear. My point was that how is it possible that the comparable Chinese car is half the price of a model 3 when both vehicles are made in China with Chinese labor and Chinese material. The only reasons I can think of is that the Chinese car is of lower quality or the government subsidizes the Chinese company or maybe both of these.

[@ericwee88]

Profit margins!

[@jimgraham6722]

I have to say it China does software very well. My Atto speaks very good English to me. It also seems to understand most of what I say to it (I thinks it's an 'it').

[@RoryVanucchi]

Toyota lead was also insurmountable for years. nothing stays the same.. Ford GMC Land Rover Porsche Benz Audi will improve and cater to high end.. Not everyone wants to drive a rounded 30k Chinese vehicle.. Tesla has its niche.. I've driven Grand Cherokees for years and look forward to Wagoneer E once bugs are worked out. Brands like Subaru and Genesis are fantastic and going nowhere. Weak will disappear as always for 100 years. The GMC Denali EV truck is impressive, truck buyers will buy with time depending on needs. China may lock up the low end, so be it if they have the right product.

[@Jeff-sm8of]

In planes, trains, ships, cars, rockets and 100s of millions creamy white dragon girls they are hard to beat.

[@Jeff-sm8of]

You can't go wrong buying a Chinese car at the prices they are selling. Use it for 2 years get a new one with latest tech. Old one sent for recycling.

[@benplumlee751]

EVs price will drastically reduce in the future due to competition and innovation just large screen screen TVs are now around 1/6 the price they were 10yrs ago.

[@phillipheise4642]

Awesome knowledge, i wish we could get BYD in Vancouver Canada, starting Feb1 trade war with the USA, we should let BYD into Canada

[@maxpower7086]

They wouldn't sell them for $20k anywhere in the West. Europe and NAmerica will be expensive.

[@JeffreySmith-if6ey]

China will only be your friend until they don’t need you anymore. Be careful getting into bed with China for low cost EVs.

[@Daniel-u7x8j]

And yet the hubris continues-government loans are handed out in their $bn’s to help fund an ex-China supply chain that is uneconomic at current prices for critical battery minerals (lithium, graphite, rare earths etc). What the ex-China supply chain is not telling their investors is that not only are their projects uneconomic but that in order to be economic they must charge higher prices (and are therefore inflationary to customers).

[@DGlass-yg8xk]

It’s almost as if Sam is in denial of Trump pulling out the Paris climate accords, no EV mandates and no Net Zero. It’s back to “Driil Baby Drill”. Not gonna need no Chinese batteries.

[@kenbehrens5778]

At only 5% of the world population do you really think it will make any difference what the US does? You don't have to buy nothin'.

[@DGlass-yg8xk]

@@kenbehrens5778 U.S. GDP represents about 25.32% of the global economy.

[@ericwee88]

With borrowed money.

[@gr8dvd]

Debt burden and some really idiotic antiquated laws in many states in the US (maybe most?) where car sales must be done thru car dealerships (vs. direct to consumer) is another anchor sinking legacy auto companies.

[@paulb1951]

Sad state of affairs when random an Aussie bloke welcomes and prays for the destruction of people’s livelihoods. So invested in Chinese companies and just churns out ads for them or critical content of anyone else. Sam has sold what little was left of his soul!

[@kenbehrens5778]

Go easy on Viking. He's in Australia which has more Motor Vehicle companies selling their cars than any other market. 65car companies with thousands of models and another 10 new companies this year. Certainly not a big new car sales market (1.2 million new vehicle sales a year) but the most competitive and in terms of pricing pretty cut throat.

[@paulb1951]

@ I’m in Australia. This guy doesn’t represent us. We’re much better people.

[@Enalog3]

Don't shoot the messenger relaying the facts.

[@paulb1951]

@@Enalog3 facts? I think you’ve not watched him long,or just don’t pay attention, he’s lied about so many things. Guys sold out to Chinese EV companies and is agenda posting.

[@PeterMasters-zg9xi]

He is telling it like it is. ​@@paulb1951

[@Fritsvrolijk]

What about the cheap model Q

[@borshardsd]

Correlation between more engineers and increasingly lack luster offerings?

[@LondonInvestorTips]

Interesting information

[@electricviking]

Glad you think so!

[@Josef-h3s]

It would be nice if you could tell us how much money each of the top ten EV manufacturers was making or losing, per EV. Perhaps in a chart. If an EV manufacturer is losing money on each EV, then increasing sales merely means that they are approaching bankruptcy more quickly. Even government loans and bailouts have an upper limit.

[@nguyep4]

They are betting on outlasting one another. Then, they get to control pricing however they see fit. To significantly undervalue its own products to eliminate your competitors is anti competitive or in good faith. Then people wonder why there is tarrif.

[@FabioCapela]

Not really. When you disregard the fixed costs that remain the same regardless of how many cars a company sells, most - if not all - companies are making money per car. It would be stupidity to do otherwise. What drags them down is the fixed costs - developing the technology, designing the car, certification, writing the software, building the assembly line, etc - that remain the same regardless of how many cars are sold. Those costs need to be divided among and recouped by all cars sold. It's why some industry insiders say you need to sell a few hundred thousand cars before any given car architecture will become profitable. This is part of the reason Chinese carmakers have a large advantage, and particularly so with new technology. Their local car market is roughly the size of the US and European car markets added together, so they have a much easier time reaching the break even point. Meanwhile, non-Chinese carmakers losing market share in China is making it much harder for those non-Chinese carmakers to reach the break even point.

[@SaintKimbo]

It would also be nice if the real cost in emissions is looked at, China has nearly 1200 coal fired power plants and that is a huge factor in supplying the cheap energy that is behind their ability to manufacture cars at such low prices. China is transitioning to lower emissions, but unlike the US and Europe, they are taking a much more common sense approach to it, and are not prepared to put pressure on energy prices in pursuit of 'net zero'. This is an aspect of China's EV manufacturing advantage that EV advocates don't want to talk about.

[@FabioCapela]

@ China's electricity grid is already cleaner than Poland's and almost on par with Australia's, and consistently improving. Incidentally, China's electricity costs are actually falling with the increase of renewables; their solar and wind power, even with battery backup, is already cheaper than coal.

[@SaintKimbo]

@ Yeah, sure. That's why they are building a dozen more coal fired plants this year, and not decommissioning any of the other plants. What China tells you and what is really going on are two different things. But keep buying what they want you to hear, if that's what floats your boat.

[@gregsutton2400]

Never does not mean what you think it means.

[@midniteking1]

Some ppl don’t realize that china was learning stage the last 20 years and now they are in innovation stage and yes hard work paid off !

[@Gypsydanger1]

The slow decline of western competitiveness is so beautiful to watch.

[@crxdelsolsir]

Now President Trump is in, the madness will stop. The landscape (political, financial and consumer sentiment etc) have now changed. The topics, narratives, projections and predictions surrounding Ev's is now essentially outdated.

[@kenbehrens5778]

The clown has returned to the circus. Of course oil and coal will power your country. Good on you.

[@hermanhsu5994]

How can you be better without studying and working harder, even geniuses do.

[@davidwadsworth1080]

Ordered a tee shirt 1 month ago and hasn't been printed yet. How long usually take?

[@SparkySho]

Sometimes in stock keep ur receipt

[@rolandeyezz]

Can someone please tell the Chinese to create some graphic design softwares? I believe they have companies that can easily replace Adobe in a few years

[@Kelvin-e9y]

It's a mistake to think that China's advantage lies in its ability to attract talent from its population of 1.4 billion. The United States can also attract talent from the European Union and the United States, which have a combined population of more than a billion.

[@jackshultz2024]

But can the US cultivate talent internally? Much of the talent in the United States comes from China, and the xenophobic atmosphere against Asians in general and Chinese in particular has caused many of the most talented to pack their bags and return to China.

[@cromcruiser6716]

What about the battery fires

[@Chandra355]

Charge in 10 minutes, yeah technically possible but how many bazillion kw charging stations do you see around?

[@eleetgroupvideo]

But if it is as you said it is a danger as it would likely leads to war when one side cant compete?

[@1Diveal0t_wallyWombat]

The advancement of bots by companies like Tesla will soon level the field world wide in regards to Auto manufacturing. Bots will make the costs of manufacturing the same world wide. This will take the advantage away from China. The cost of Raw Materials and Transport will become the biggest overhead prompting all businesses to build strategically placed factories around the world.

[@RobertAlexander-m3h]

The new ice cars have parking assist so u slipped up there viking

[@mitchellchristianson8120]

LLM That's worth more than all the cars companies in China and they're using it right now. It's everywhere and that adds to xpeng they have no worries about sanctions of any kind. Eagle vision is theirs. They designed it not nivida facts

[@roddychristodoulou9111]

Regardless of your point of view on EVs there's no doubt that EVs are the future . Yes Trump with his love of of oil and gas companies may prolong the agony for ICE msnufacturers but the wrings on the wall and I beleive its unstoppable .

[@SaintKimbo]

No one is arguing that EV's are the future, the problem is a lot of people don't want them jammed down their throat by over zealous advocates, and Government mandates, when in most places the infrastructure is clearly not there to support mass take up.

[@MickH60]

@@SaintKimbo garbage, you're the horse and cart people of the 21st century.....

[@arnie111999]

Serious question, they are only cars after all do they really need to improve that much - beyond cheap does the rest really matter - not in any way disparaging China, it’s an amazing country - it’s just cars, don’t really see them as important in the overall scheme of things in the future - after all what does a really amazing mind boggling cheap car give us - we are impressed, amazed but does it really matter

[@mitchellchristianson8120]

North volt you forgot about the one in Canada Don't have time to remember the name but it's in the billions

[@remix-yy1hs]

Gay volt 😂😂😂

[@MrBigbangbuzz]

They will just move to Vietnam and Mexico .. they have recognised brand names that people buy

[@DouglasW-m9z]

The Western EVs manufacturers have plenty of technology, knowledge, money, good design in EVs, but their country have no infrastructures to supports EVs, charging? Where? Do I bring my charger with me? Like a phone 📱? Plugs 🔌 what type suit my EV?

[@hsingchen321]

Electric Viking covers EV and battery daily. But I am surprised, he is not aware both CATL and BYD are behind Toyota and QuantumScape(QS In San Jose, CA) in SSB by 2 to 3 years. Both Toyota and QS are scheduled to commercialize SSB in 2027 and mass production in 2028. I have followed SSB closely. I was research chemist for IBM before retired.

[@PyroShields]

Toyota has been saying they will be commercialing SSB since 2020 and they kept on extending the dates. Toyota is trying to keep the remainder of their investors with more lies.

[@passby8070]

Lol cannot believe that someone is still buying into Toyotas absolute bs.

[@camsmith4047]

There are dozens of breakthrough news items on batteries but it takes years for them to be available. Remember 14 months ago Sam was on about LFP Manganese batteries in Tesla refreshed model 3? Never happened

[@ericwee88]

Toyota is full of bulls@@@. They have been saying this for the longest time and keep pushing the dates year after year. It's a PPT slide promise compared to what is real. Toyota made a huge error by pushing Hydrogen. Now they are starting to pay the price.

[@newmotionpictalentinc9577]

I'm trying to figure out why you talk so much about Xping and other Chinese cars, many of us listening cant get those cars .......Sorry Sam just my thoughts......still interested in EVs ....but not just Chinese ones....

[@WebAccount-y3e]

He's in Australia where they do get those cars. It would also be strange not to report on Chinese cars since they are the EV leaders in manufacturing, cutting edge EV technology and global sales...

[@thescouselander5531]

Car manufacturers have traditionally been really bad at software. I've got BMWs iDrive 7 in my car it's supposed to be one of the best systems but it's a buggy mess. There's no reason it should be though - there are plenty of world class developers in the west it's just that they're working somewhere else. With cars being so full of software it would be easy for western governments to regulate Chinese manufacturers out of the market. Just look at how the US have banned Chinese technology companies on security grounds.

[@AZRockRunner]

Sure, no sugar coated, CN has one leg up on EV battery. But the West still have one way to slow it down. We just don't make battery chargers widely available until we ramp up our manufacturing.

[@mikemalone9678]

Irrelevant. What most people still don't seem to understand is that this fast charging capability is really of little importance for most people. Most cars spend most of their time parked, either at home, at the workplace, or perhaps a shopping center for a few hours. The home in particular is the ideal place and time to charge the vehicle. It can be kept topped up pretty much all the time. There is no need to have to go somewhere special to fuel the car, saving time and expense. And you cannot do that with an ICE.

[@AZRockRunner]

@@mikemalone9678 I just went on 3 days hiking trip with my friend who drove a Cybertruck to places 150+ miles away from home. He constantly had range anxiety, and spent an hour at time at the holtel charging station while everybody resting in the lounge, haha. Yes, maybe 48 weeks out of the year he can charge at home, but what to do in the other 4 weeks?

[@kenbehrens5778]

Go for it.

[@ericwee88]

Totally agree. I own a BYD SEAL. I only need to charge it once in 7-10 days for my use case. I also charge at home. I have only tried a DC charger once at a mall just to try DC charging. So no problem.

[@hugothompson3709]

Greedy shortsighted Western corporations outsourcing manufacturing to the East for the last 50 years to exploit lower wages, worker and environmental protections has landed them in this trouble too.... the lack of intellectual property protection hasn't helped them either

[@kenbehrens5778]

Hugo in terms of intellectual property and patent applications maybe you could find where most patents for IP are granted.

[@lazydaisee3997]

@@kenbehrens5778 1. Most patents are junk 2. Often lodged where the admin is cheapest to implement 3. The shift would never have happened without western investment and western neglect of our own workforce where cost accountants have stigmatised training and R&D

[@古德雍飛]

Do you want to do a low-paying job?

[@hugothompson3709]

​@@古德雍飛Hi. Not really but I don't think it is as simple as that. Manufacturing jobs don't need to be low paid jobs and in some sectors and countries they aren't relative to other jobs in that country Also the media in the West trys to tell us that people in the 'developing' world are 'poor' because they only live on so much £\€\$ a day but if visit some of these countries they have a good quality of life and things are cheaper too, they have healthier diets, closer family networks, more active, affordable healthcare and education than many people in 'developed' countries. Also many people come to our country Ireland attracted by perceived higher pay only to realise food, energy, rent bills are very high. Bills have increased by 30 - 80% over the last couple of years wages only by 3-5% on average. I graduated as a product designer over 20 years ago but a lot of production has moved East vast majority of product design jobs here are digital now. I'm happy for Asia's rise in technology and manufacturing, China makes great EVs and solar PV. But the system is broken and unfair with far too much wealth being transferred to a very small number of people. Why can't semi-skilled and skilled employees manufacturing products be paid a reasonable living wage?

[@lazydaisee3997]

@ It would be better than no job...ppl in the west used to be able to have a good quality of life on a workers wage...rents, housing were far cheaper, food abundant etc...a factory worker could afford a house, raise a family on a single income...not possible for most now

[@joem0088]

China produce 56,000 PhD's per year, mostly in STEM disciplines.

[@donbrutcher4501]

Everything, said here about China vs the US, was being said 40 years ago about Japan vs the US. 20 years from now, everything said here will be little more than a footnote.

[@WebAccount-y3e]

Japan was an occupied vassal of the US at that time. China isn't. That's the difference. It can't be pushed around.

[@SaintKimbo]

In 20 years they'll be saying the same thing about Vietnam, or India, etc.

[@chriscain7333]

Well is china japan? Or u.s being japan atm?

[@donbrutcher4501]

@@SaintKimbo probably

[@passby8070]

Japanese was effectively a US colony with a third of the population, China on the otherhand is an independent country with 4 times the population of a much higher average IQ.

[@JOHNG104A]

I have a Chevy Silverado with all the new features software and I find this software compared to my Subaru software to be so inferior it cannot keep on its Lane changing capability bouncing back and forth across the road until it will fall in the swell a periodically goes into the dim mode and I cannot read the dashboard the forward camera has gone out luckily I only have 6,000 miles on it so it's under warranty and I can pitch a tent at the dealership while they repair it

[@Jamebyzlaiptevi]

The Lord showed me this path, and now He’s guiding me further)) Thank you, Lord, for XRP, UNI, and Moonacy Protocol 🙏🏽))

[@kenbehrens5778]

Lunacy protocol?

[@ernieschatz3783]

When you let sh!t coins lord over you.

[@Phucket24]

Look if these EVs are as good as you say they are then take away the subsidies and let the free market decide

[@stevetodd7383]

Fine by me, IF you want to remove all the subsidies that ICE and the fossil fuel industries get. Level playing field and all.

[@ryanjuguilon213]

Yup. Same with tariffs and oild subsidize. And no more bailouts. Lets see who will survive

[@erikmoore7402]

Byd has like twenty different vehicles they sell and at very low prices. What happens when tesla sells more than five models? Considering they nearly outsell them already. I will never get behind china.

[@RedEyeFish1]

There is no reason why BYD should be auto/battery company anymore more.....Be like Amazon and expand to other tech services...like AI, Clouds, chips, data centers...