Former GM chairman says nearly all legacy automakers are finished in China

[@electricviking]

The best solar company in Australia just installed my new solar system. Check them out here: www.resinc.com.au/electricviking

[@TempoLOOKING]

Maybe some of them can go back to steam cars.

[@Salman-sc8gr]

Why don't you talk about the enormous fact that their is not enough rear earth metals in the ground to keep or or meet the lunacy of targets and dictates of net zero that cook klaus Rothschild and his UN puppies are hell bent on ?

[@dknowles60]

Solar works well when . you don't have much of a winter

[@EdKnowlton]

It's ok more and more companies are moving manufacturing to Vietnam and China is about to crash huge especially considering the tariffs will be going up soon with trump and we start pumping out huge quantities of oil making it super cheap again and we have enough to do it the next 100 years

[@fredgarvin4252]

Trump’s tariffs will make this even worse!!

[@pandabearoceanpark]

People used to argue that China compete on price. But if foreign car makers who build cars in China can't compete in China, then it's not about price any more

[@vlhc4642]

Competing on price in the same product category is identical to competing on quality at same price category, the only thing that exist and has ever existed is value. The idea of competing on price is marketing from aristocratic companies who then bought into their own propaganda.

[@TYT617]

Good point.

[@wudubora]

Amen!! Thank heavens for those Uyghurs who are working for free so you can have a cheap electric car! Yay!

[@vlhc4642]

​@@wudubora No Chinese citizen work for free, China does not have the 13th Amendment. The fact that Americans can't even compete despite legalizing slavery through 13A, running the world's largest private "prison industry" (do you know how messed up this idea is?), and has the largest percentage of it's people in jail to serve that prison industry as slaves, might teach you that no slave can compete with free men.

[@台灣香腸配大蒜]

​@@wuduborago check uygher cities. they live better than many of u westerners.....LMAO😂😂😂😂😂

[@frankcoffey]

Legacy automakers have been taking advantage of (and overcharging) their customers for decades. They made no friends on the way up and they will have none on the way down.

[@litestuffllc7249]

wrong; most make a thousand or two over cost if lucky. Dealers might make more shaking down customers. What is happening is China is illegally subsidising their home brands they paid to build and even with this massive subsidy they can't make a profit - not one 100% BEV maker in China has ever made a profit; all are in the red billions. BYD and Geely are not in this group because they make non BEVs and have been around for long time; they now are being pulled down into no profitability by these others of which few if any will survive.

[@jokeychin]

@@litestuffllc7249 How stupid do you have to be to believe your own words?

[@frankcoffey]

@@litestuffllc7249 Did Chinese customers get credits to buy Tesla cars?

[@a.a.alexander6030]

What a delightful and delightfuly accurate comment.

[@a.a.alexander6030]

​@@jokeychinClearly, he's not half as stupid as a naysayer like you.

[@jamespn]

Problem is, it’s not their first bankruptcy. We’re in the era of corporate welfare financed by the U.S. taxpayer, with CEOs, union workers, and politicians as the main beneficiaries.

[@75Chopin]

Well hence they donate to political campaigns to keep themselves alive

[@dimiberberu]

Replace union workers with Oligarchs that own & control the US & via them the Western world + the (now waking up) rest

[@ouethojlkjn]

Can’t let all those democratic votes go to waste

[@The1KovacsAttila1]

What is the problem with Union workers? The rest I agree with, for sure, but I see no problem with Unions

[@ricalthuizen2079]

​@@The1KovacsAttila1 There's no problems with unions, the problem is with the management of the ICE car manufacturers that didn't read the writing on the wall. They then made a half baked effort to make EV's and when they found that it was harder than it looked, they asked for subsidies and got them but still found it too hard and started delaying, downsizing or cancelling their EV plans

[@kalvinravn8431]

So I’m from Indiana here in The USA and I’m 52 years old, have 2 sons and I have a job as an outside contractor for The Steel Mills and Aluminum Diecast industry fixing the insulation for their furnaces that melt metal or for near molten steel to travel through called a tunnel furnace. Now I say this because my job is called “Refractory “ work and I’ve Never Ever seen a Woman or Fat out of shape Man do this dirty, heavy work. So I drive as my daily car, Not a Big Ford or Ram because those are the types I drive for work that my job provides but I drive a 2013 Honda Fit. It gets great fuel economy and is reliable and I’m 49 miles away from jobs main warehouse one way. Point is behind the scenes the Oil companies have made us feel like less of a Man if we don’t all have a Big Car or Truck and God forbid if you say you want a Tesla. Big Oil doesn’t Pay me jack shit on what I drive so why the Hell do people fall for this garbage? Your car or clothes don’t make you a Man but people need to Wake Up and see they are being Used By Big Oil. Maybe if Shell paid me a million bucks I would shut up but it’s cheaper to not Pay us Off and just send out information on how a certain type of vehicle makes you a Man….Ive seen many “ Men” get out of their Big Trucks and SUV’s that are so Fat and out of Shape and could never do my job or get their Fat Asses up and in a Steel Mill Furnace. Oh well, Love your brutal Honesty my good sir but the mind set must change here in America or we all Lose to China…..

[@gbw28]

So right. The marketing pushes males especially towards large trucks and SUVs, appealing to their fragile egos.

[@FrunkensteinVonZipperneck]

And he can’t be a man, ‘cause he doesn’t smoke - the same cigarettes as me! - K. Richards, 1965

[@breft3416]

The money moved to China years ago.

[@drizza6489]

Make Mexico great again.

[@linemanap]

Perfectly stated!

[@theinfralink6598]

American, European, Japanese and Korean ICE car makers definitely have overcapacities.

[@kyekye2K]

Yep! In the tone of the biased western governments. 😅😂

[@FrankiePo89]

That's not overcapacity. It's more like overstupidity.

[@ouethojlkjn]

By the end of this year over 3 1/2 million cars will sit unsold on dealer lots all over America. Models going back to 2022.

[@janh-r8h]

Of ICE cars😂

[@olenagirich1884]

I like Toyota Mirai - at least they are developing a new type of motor!!!! 🎉🎉🎉

[@Billck24]

Just like Nokia & blackberry being replace by iPhone & Android

[@Quagma-b2i]

Everybody said it would never happen. Then it happened!

[@petrushka2]

Where is Kodak now? Fujifilm transitioned and they survive,.. but for how long.

[@dimiberberu]

Just like iPhone being replaced by Huawei & other Chinese brands (only the iFools continue to believe Apple's iMarketing iCult ;)

[@DimitarBerberu]

@@petrushka2 Kodak is giving instructions to Apple (incapable of AI) on how to prolong takeover by so many smarter Chinese brands (that can make EVs in few years, while Apple has done nothing in 10 ;)

[@dimiberberu]

IPhone is

[@HaraldinChina]

Totally agree, living in China. Now the stigma about electric has fallen, it becomes mass market. And it's cheaper, and more convenient as you can charge at home (EV makers must install charging boxes at buyer's home for free by law in China, so long gas stations)

[@danielphan7475]

Unbelievable effort from China government. The best.

[@dianewallace6064]

13:00 Right on, Sam. GM got 3Billion in 2023 from US gov't. Ford got 10B in 2023 from US gov't.

[@loktom4068]

The perennial tax payers funds receivers.

[@ethicalskeptic]

And how much do you think Chinese automakers get from the Communist Chinese to manipulate markets????? F'in morons! 😂😂

[@lambertgiang]

oh,that is not subsidies,that is Grants😂

[@dianewallace6064]

@@lambertgiang 🤣🤣

[@toma.2156]

You forget the billions Tesla got earlier on!!

[@dennisd9804]

China is an incredible EV case study for the rest of the world. Thank you for highlighting this, Sam!

[@GallAnonim-jx2cz]

It's not EVs that are best selling in China but PHEV with high range (like Li Auto L7). Basically every Chinese automaker offers both version of every model. This category doesn't even exist in the West(phev with 200km range) but in China this is what customers want so the automakers adjusted their offer.

[@SigFigNewton]

@@GallAnonim-jx2czin the US, manufacturers tell consumers what they want and consumers fall for it. China has the most advanced batteries, US the most advanced marketing and advertising

[@johnmccarthy7195]

China is such a brilliant Manufacturer along with their own research and development that wasn't until 2017 before they were able to make a ballpoint pen start to finish. When you consider that China Is going bankrupt everything from the government all the way down to the street vendor. Anyone who would support the CCP is just an individual with either total lack of information or lack of any type of morals They are evil The CCP

[@johnmccarthy7195]

CHINA IS BROKE

[@vela_nova7651]

It is eye opening because the majority of Americans think they hate EVs, when we just dont have decent and affordable options yet. (Or good infrastructure). Its fascinating that China have made EVs successful by just selling more affordable models instead of making decent EVs some kind of status luxury vehicle.

[@triskelion86]

Avatr, X peng, Leap Motor, Nio, Zhi Ji (IM), Zeekr, Aion, Huawei, Hi Phi, Xiaomi and many other Chinese EV brands are revolutionizing the market by offering a ton of advantages Western brands don't offer but overprice what consumers get for their old contaminating and overrated products. Chinese brands are destroying the car maker mafias for the benefit of consumers.

[@laslogemes500]

Change the names all sound shittt

[@SparkySho]

Chinese gov owns 50 % SAIC US government owns government MOTORS YEHEHE

[@JB-yb4wn]

You mean the spontaneous ignition feature that cars in the west haven't been able to master? We talking about those advantages?

[@triskelion86]

@@JB-yb4wn You saying that traditional vehicles don’t spontaneously ignite by overheating? I know it has happened with EV’s but those are very rare situations, not even close to a 0.1% of all EV sales.

[@JB-yb4wn]

@@triskelion86 They don't spontaneously explode in my garage or in a car park for no reason whatsoever. If you are too dumb to shut the engine off when the temperature gauge is in the red zone, in your ice engine car, then that's on you. Moreover, EV sales are tanking for a good reason. Badly made cars with little infrastructure to repair and maintain them.

[@i6power30]

Thanks viking for exposing the truth about China's automotive dominance and excellence and many in the West are still ignorant of this fact

[@manuelferreira4622]

China is broke, wait for next months, tic tac tic tac...

[@pontiuspirate1925]

I’ve rented a few Chinese cars, MG, BYD and came away with the impression they’re built very tacky. The build quality is a bit hit and miss. I would never use the word “Excelllence” to describe anything made in China.

[@i6power30]

@@pontiuspirate1925 You should try Zeekr or Nio, they are the true premium brands. MG and BYD are economy class cars.

[@darylfoster7944]

Not sure about the excellence part

[@bldomain]

@@pontiuspirate1925Cry, Sour grape

[@HDsharp]

Western brands price you out while Chinese brands price you in!

[@dimiberberu]

Just like Apple which will be replaced by Chinese brands. They stopped their 10y EV project when they saw how quickly can the Chinese telephone companies make better EVs than the legacy automakers.

[@paulbo9033]

Well said

[@HDsharp]

@@paulbo9033 Western brands have been so greedy they've been ripping us all off for decades. They apply the same greedy evil corporate mindset even in their foreign policy. Just take the Brompton bike brand for example, how a bicycle can cost more than a £1000 is beyond me, the greed in these people is despicable. That's just one example.

[@BACA01]

@@dimiberberu They cooperated, they ported their smartphone operating system to the EVs and EV automakers helped them to produce their own EV.

[@sirrodneyffing1]

With free organ transplant thrown in.

[@alcenofolchini6971]

My next car is a Chinese one, i am tired of over paying for cars

[@JB-yb4wn]

Says nobody ever.

[@fomalhaut9]

I think you’ll find most people in the UK are aware MG is a Chinese brand. The insolvency, sale, and asset stripping of MG was highly controversial and all over the British news for months at the time it happened.

[@Lost_Johnny]

They do know but they still feel differently about it compared to an unknown (to them) Chinese brand.

[@thyristo]

"most people"...your mom cannot even use regedit if neccessary

[@NEAAFFAIRS]

Ditto Lotus

[@Aramsa-Khan]

MGs are made for Chinese domestic market, for those who prefer foreign brand. But, if the British wants to buy an MF car, be prepared to pay for more, including tariffs imposed by the British government.

[@paulbo9033]

The avg person in Britain has no idea. It was in the news but ppls memories are short and most ppl don't pay much attention to the news. But more to the point, very few ppl care who owns MG.

[@noway7555]

People who cant see the disaster for legacy automakers coming are like the carriage makers who failed to adapt because the auto was just a 'fad'. Where are they now? When you fail to adapt you plan to fail.

[@Quagma-b2i]

Nobody thought smartphones would catch on, and then they took over. It happened really fast.

[@ouethojlkjn]

Disruption, like bankruptcy, happens gradually - then suddenly….

[@baronvonjo1929]

Im waiting for it. I dont really want a Chinese car and cant justify a EV. But these automakers are makign really subpar cars. Very expensive. They are losing market share in China. Europe and North America have peaked. Quality of life is is in decline. Fewer young people can afford or even find car appealing and want alternatives. Even a reliable car is very expensive to maintain these days. Plus more and more cars are just throw away items. The safety tech, and fancy leds lights are so expensive to fix once they break. Cars become worthless. I guess if China can offer very cheap throwaway cars Im down. However I bet they will continue to offer cheap cars in China and exploit western markets for hugher profits.

[@arthurhudgens8213]

Believe it or not Studebaker was able to transition from building carriages and coaches to automobiles..they did quite well for quite some years👍

[@allanluis3696]

@@baronvonjo1929 no, that would be your politicians who throw on tariffs (*sic Trump)

[@winkstorm]

Since 2016, U.S. has been calling China its enemy. Why would you expect the Chinese keep wanting the US brands.

[@boweihuang3246]

But Tesla sells very well in China.

[@liuliwuyugmail]

It's not really about the country. China like Tesla fine. They just don't like ICE cars.

[@DewtbArenatsiz]

Israel is the enemy

[@sebastian_arroyave_author]

​@@boweihuang3246because Chinese consumers are very generous and objective when it comes to value. But the point is that Washington's China approach and policy have been pushing Chinese consumers slowly into the arms of domestic brands that not only are domestic but also offer amazing value at formidable prices and it's not only EVs, same with smartphones, for example. I really can't understand how some people keep buying iCrap new model every single year like slaves, it's just not logical and rational behaviour but mostly emotions and feeling of prestige and superiority that is not anchored in reality. It's just a myth

[@zagortenay33]

You nailed it.

[@Hermit-Crab]

The Chinese government told the car markers, both domestic and foreign, about a decade ago that they were planning to phase out ICE cars and to develop EVs. They were given more than enough time to prepare for the transition but clearly the ICE car makers did not take the warning seriously.

[@johnmccarthy7195]

I bet you have owned less than 5 cars in your entire life but are so smart you shame those with 40 experience

[@Hermit-Crab]

@@johnmccarthy7195 You are absolutely correct. As a matter of fact, I have never owned any car before, though I own about 12 horses and I mostly depend on them for travelling from place to place. Sometimes, if I'm in the mood, I may take a horse carriage instead of just riding a horse. At other times, I may choose to ride a donkey, which I also own. I have to admit that I have also never owned any camel or elephant.

[@johnmccarthy7195]

@@Hermit-Crab Who could say you don't have a great life, I suppose it has to be cause its sounds like fun..

[@JB-yb4wn]

Because they knew that the Chinese power grid couldn't support charging these vehicles, no power grid can.

[@paulc6766]

@@JB-yb4wn The Chinese power grid is changing the the most astonishing rate, if you opened your eyes you would be amazed.

[@my2cents395]

Stunned. Just one word to describe legacy auto.

[@bobwallace9753]

There used to be legacy horse drawn carriage manufacturers.

[@shyviking]

Yes...really. I have been four times in Japan, like Japan as a country and a culture, been to the Toyota Museum in Nagoya, and even visited Toyota-Shi (where their HQ is located).... ...but boy, have Toyota missed out in this one. After a promising start with Prius in the late 1990s and the early 2000s (sitting in a Prius taxi in Japan back in 2000 was truly futuristic) the company for some reason stopped there, and started their deadend hydrogen adventure, with Mirai. Now they are desperately trying to catch up; with the bZ series, combined with wishful thinking from their leadership that PHEVs will somehow still be relevant. My prediction: Either Toyota will do something very fast and very efficient, or they will be stuck with making economy ICEs for emerging car markets, combined with Lexuses for the american market. They will be dead in the chinese market, and increasingly also threatened in Europe, first in the north', and then gradually also in Southern and Eastern Europe, as EVs catch on there.

[@bobwallace9753]

@@shyviking The move to hydrogen, probably resulting from the discovery of very large deposits of methane hydrate off Japan's coast which led the government to get excited about becoming energy independent. While ignoring renewable energy which was rapidly becoming more affordable. Assume Toyota has figured out really good EV software. Maybe they have, maybe not. If they have the ability to produce a high quality EV that can compete with the best Chinese EVs in terms of features and quality, could they move rapidly enough into profitable EVs? Toyota has a lot of debt and if their ICEV profits disappear can they make it over the river of failure fast enough/

[@zes7215]

wr, outx etc any nnmw s perfx

[@marinoint]

Those "legacy" automakers thought they can continue to be slackers in China, then they realized the Chinese government won't help them monopolize the market, instead, they promote entrepreneurship, resulting in more than 130 car brands in China! Such fierce competition push the companies to make better cars and offer lower prices. In China, the consumers benefited, not the lazy CEOs.

[@JB-yb4wn]

Oh yeah, that's why Chinese cars are known for their quality of build that spontaneously ignites cars and whatever structure its charging from. Can't get sued out of existence in China, what a laugh.

[@PorcoZio79]

The byd dolphin is a very reasonable city car. I live in Brazil, have solar panels and will probably buy one as a 2nd family car, keeping my Dacia Duster combustion SUV for highway travel.

[@stew6662]

These brands will survive but as a smaller interation of themselves. This is actually better for consumers

[@bobwallace9753]

Wishful thinking. Over a thousand US car manufacturers have failed. Multiple brands have disappeared in my lifetime. Some brand names may survive, but not the company. Consider MG. A brand, but not the Morris Garage company in the UK. Europe and the US may prop up a brand or two just out of political necessity, but I expect many to fail. They just don't have product that the new market wants.

[@stew6662]

@@bobwallace9753 I would be more than happy to bet if either Ford, Chevy, Toyota, Honda, BMW, Porsche or Mercedes will no longer exist within the next 10 to 15 years. Until EV’s can hold charges longer, have faster charging, operate in any environment, better infrastructure and easier to fix, Combustible engines are here to stay.

[@bobwallace9753]

@@stew6662 Until EVs can hold charges longer, do you mean have longer range? How much range to you need? How far do you drive before you stop to eat or pee? Charge when you stop. And if you plug in when you sleep you'll have a "full tank" when you wake. Have faster charging. EVs can go from a 10% to an 80% charge in less than 20 minutes. How long does it take you to eat a meal? Operate in any environment. EVs can operate in any environment that an ICEV can. Neither are very good at driving across oceans. Better infrastructure. In the US, Europe, and China the rapid charging infrastructure is in place. In the US over 50% of all drivers have a place to plug in where they park and the numbers are increasing. Easier to fix. Fix what? EVs need pretty much no fixing. There's none of that mechanical stuff that breaks with ICEVs. We're moving into a technology where batteries and electric motors last a million miles. The doors will fall off the cars before the propulsion system fails.

[@stew6662]

@@bobwallace9753 not everyone has an option to charge at home. The car loses 7-11% per day just sitting between trips. Also supercharge locations are 11 miles from my house. So I lose about 10-15% driving back and forth. I’m charging every 3rd day and it’s a hassle not convenient espically if you have appointments to get to and your have to sit for 40 mins. Environments: there was a snowstorm up in Chicago last year that made charging extremely slow and infrastructure leaving thousands stranded as the cars could not handle the extreme temperatures. Fixing these cars is a specialty still . You just can’t take it to any body shop or garage. Rentals companies cited the high cost of repairs as a reason why they are abandoning the cars. This is nothing new and people have been complaining about paying tens of thousands for something that would be a fraction to repair on a non EV. I’m a Tesla owner and a shareholder, but I’m not kidding myself of the reality of the situation. It’s gonna take decades of infrastructure improvements , quality control of not just the cars, but of charging stations. I can’t tell you how many times I’ve gone to a non Tesla charging station to only find out it was either not working or charging much slower than it supposed to be. They’re also needs to be tax credits for installing chargers at home as a lot of homes are not equipped to handle them and they need to be upgraded extensively. New building codes need to require having the capacity to install charging units for residence.

[@hardi.howdy.983]

​ @bobwallace9753 In ICE cars, people are used to 400-500 miles range. It's in their comfort zone. So, range anxiety will disappear when this happens in EVs. We are nearly there in about 400-mile range in some premium EVs.

[@ssdajoker]

Thank you for your wonderful electric car industry commentary and opinions.

[@electricviking]

Thanks for watching!

[@FloydThePink]

On the plus side, Farley and Barra will get a 50 million dollar plus golden parachute for running GM and Ford in to the dirt with dookie cars no one wants or can afford.

[@Mark-jb9hx]

LMAO, but Elmo getting a 56B golden parachute while running Tesla into the ground is okay?

[@anastigmatix4119]

@@Mark-jb9hx Incorrect assumption.

[@Mark-jb9hx]

@@anastigmatix4119 Correct correlation.

[@user-kc1tf7zm3b]

@@Mark-jb9hxTesla is worth more than Toyota, Volkswagen and Ford put together, so the market believes the future prospects of Tesla.

[@Mark-jb9hx]

@@user-kc1tf7zm3b Only if you believe in meme stocks.

[@alexandrufrandes.]

No way 10 years, in 5 years goodbye legacy automakers.

[@HughJass-313]

😂😂

[@XXfea]

Nice that you actually put the work into this one, not just phone it in. Thank you!

[@charleswillcock3235]

If only Tony Seba could have predicted this, and then shared his ideas on KZbin.

[@noway7555]

🤣🤣

[@eman67rp]

😂😂😂😂😂😂

[@FutureSystem738]

OR Sandy Munro.

[@GForce162]

yt will show u what's 'T.E.D. -- truth eliminated discussion'

[@charleswillcock3235]

@@GForce162 I am not bright enough to understand this comment. Electric vehicles are less complicated to make and once the cost of the battery reduces they become once again a good choice for motorists. I believe in the largest car market in the world more than half the cars sold were battery powered or partially battery powered. I think within a few years, certainly before 2030 BEVs will dominate the Chinese car market and the writing will be crystal clear what the future trend will be in the world automotive industry.

[@frankcoffey]

Just after the government bailout of GM their sales in China went up a million cars per year for the next few years. Buick was one of the top brands in China even when it was one of the lowest selling brands in the US. GM could have used all that profit to improve their cars and go EV but they didn't.

[@bobwallace9753]

GM has zero excuses. They were well, well warned.

[@frankcoffey]

@@bobwallace9753 The only reason we have EVs is because Tesla scared the hell out of everyone and they were not able to "Tucker" Elon.

[@bobwallace9753]

@@frankcoffey Tesla certainly kicked off the latest move to EVs (they made a good start one hundred years earlier), but BYD and China got the message very quickly. Had Western legacy managed to kill Tesla I suspect China would totally dominate the car market today and from today. Tesla changed the world with their Roadster. They proved that an EV did not have to be a golf cart with wheels. They produced a very fast, long range EV which showed what was possible. Chinese companies were not the fools that Western companies have turned out to be.

[@GoldSkye]

EVs are all failing and going out of business.

[@JimmyDoyel-by2cp]

well if that's the case why the tariff?

[@patrickpirzer4080]

In the mid of the 1980s one of my teachers - a very clever man - said "When the chinese start working, we are all finished". What he wanted to tell us, is that we no match for the superior chinese workforce. Germany, Japan, South Korea and the US - we all have the same problem.

[@yonghuachen7075]

It is the quality and technologies that have made the shift to Chinese domestic car brands

[@abdullahtalib4335]

Just wanted to say thank you for this detailed yet concise video that's worth every single minute.

[@felixsu375]

This has nothing to do with nationalism. Tesla sales are STILL increasing. If it was nationalism then Tesla sales would go down as well. This is a shift from ICE to EV. And the reason the foreign car companies are getting killed is because they refused to build EVs. And the half hearted effort with a few EVs simply suck compared to Chinese or Tesla vehicles. What is more scary is that if this was just nationalism then Western and Japanese car companies don't have to worry about the rest of the world. But if this is a shift to EVs then that means that 80% of the global market for Western and Japanese companies are going to go the same way. And Legacy auto doesn't have much time to figure out EVs. Otherwise they will go the way of the Dodo.

[@siamcharm7904]

no, chinese consumers are beginning to boycott western auto brands. its beoming a badge of shame to be seen driving one, tesla does have a lot of good will however

[@bkparque]

Chinese are low on money and not stupid when it comes to cars

[@felixsu375]

@@siamcharm7904 Then how do you explain why Chinese cars are taking market share from Western and Japanese companies in Mexico, Thailand, Malaysia, Indonesia, even Australia?

[@filippoleombruno8624]

​@@felixsu375They're taking market share in Australia because they are good value

[@grid-panda]

@@siamcharm7904 Except for a few specific ones, most Chinese people don't hate foreign brands of cars. They just think it not worth. BMW had good sales in China after a large-scale discount, but when they stop it, Chinese consumers turned to local brands with the same budget.

[@wentjen]

At the end of the day we as customers win. Thank you China for giving us lower prices better quality products.

[@malcolmrickarby2313]

And thanks to the USA for using pointless tariffs to allow the rest of the world a chance to get them first,😊

[@privatedata665]

better quality is still unproven

[@privatedata665]

@@shannon6876 great comment . I'd like to add that china is the world's worst polluting country so probably pollution per car manufactured is far worse in china .

[@malcolmrickarby2313]

@@privatedata665 as they only started polluting on a mass scale over the last three decades and produce goods for most of the world,they are still a long way behind the USA. They are doing far more to transition than any country and produce the solar panels for everyone. 🤔

[@benlondon8467]

Ever bought a copy watch? Look good, don’t last but. All the legacy brands might pack it up, due to be priced out, consumers think they are winning. But soon consumers realise,can’t buy anything better than the rubbish that’s for sale. Time will tell, lots of incredible cars they don’t make anymore, legislation, minorities calling what and how the majority should live, and what they can purchase. I’m glad I’m old enough to live my day out without needing to own rubbish I don’t want, but need to own.

[@yinyang9109]

EVs have its own issues mostly due to design flaws or bad manufacturing quality controls but Once you own a proper made EV, it's makes a lot of sense in financially and the joy of driving experiences that you don't want to go back to dirty petrol ICE any more.

[@JimmyDoyel-by2cp]

especially you go solor, you drive for FREE!!!

[@tinysherpa7180]

Especially in a city with bad air pollution.

[@skrupulonac9144]

Especially if the government is going you taxpayer money. Then it is great.

[@bigmacdaddy1234]

Um, most electricity comes from fossil fuels. Every time you charge your EV it, you are polluting the planet. Additionally, the lifetime carbon footprint of an EV is very high and all the destructive mining to the land to get the materials to make the batteries is irreversible. It also consumes 3x more tires than an ice car. Guess where all those old tires and dead batteries go? Recycling is a joke. So now you know the truth. We didn't fix the problem, we merely transferred it.

[@jennyohara4011]

5 years no way...its all collapsing now!

[@johnmccarthy7195]

China never invented and produced a product not one .

[@takedown243]

@@johnmccarthy7195loser😂

[@jantjarks7946]

​@@johnmccarthy7195Keep repeating it. Maybe it becomes true? 😂

[@johnmccarthy7195]

@@jantjarks7946 It will happen even if I say nothing.

[@jantjarks7946]

@@johnmccarthy7195 I hope your EV isn't from BYD or any other Chinese company. Or your 5G phone. 😂

[@lityoungkok5879]

Thanks for great analysis and up date.look forward to the next one

[@GallAnonim-jx2cz]

It's not EVs that are best selling in China but PHEV with high range (like Li Auto L7). Basically every Chinese automaker offers both version of every model. This category doesn't even exist in the West(phev with 200km range) but in China this is what customers want so the automakers adjusted their offer.

[@JorgeLausell]

The issue with government subsidies is what they are made for. In US it is to prop up particular companies. In China is to the industry-at-large encouraging competition, innovation, and production of quality products, from hardware to software.

[@ZalshahZalshah]

In US, they use tax money to BAIL OUT... So the messages to the CEO, we don't care about if the companies doing bad.... Governor will always came to rescue. Meanwhile in China the money allocated to EV for innovation and for people to make them can afford to own EV. If the CEO fuck up, government will not coming to rescue at let your companies burst like What happens to Evergrande...

[@liuliwuyugmail]

Indeed, TSL recived huge amount of subsidies in China, can't imagine Chinese companies receiving the same treatment in EU or US.

[@JB-yb4wn]

Sure. I haven't seen a video so full of CCP bs than this one.

[@wongsoongcheng1245]

It's a blessing in disguise for legacy auto makers GM and Ford . For now they can squeeze more from Ucle Sam without any repayments.

[@tjthompson4728]

Been in automotive 20yrs. Great video and a dose of reality. Very subscribe worthy channel

[@metebo]

Who couldn‘t see that coming? What did you expect after giving up your know-how. Now they say „thank you, we go from here without you“

[@dmedic213]

That's when you have government that actually loves their country and plan longterm. Not just for 4 years.

[@zes7215]

wrgg

[@dmedic213]

@@zes7215 yeah bro ignore the truth, it's your life. They achieved more in 20 years than the rest of the world. Lifted 400 million people out of poverty into middle class. More High-speed trains built in 5 years than for example America did in 50. ✌

[@vlhc4642]

It's not about love, it's about competency and the meritocracy that assign power based on competency.

[@JB-yb4wn]

Is this the same CCP that loves it's Uyghur citizens so much that they put them in concentration camps? We talking about those country loving commies?

[@tommyboss4067]

High Quality, Old Brand's Prestige and high price Vs. and now High Quality, New Brand and low price (decent)....Dont forget: Right or Wrong is my country. 🤣🤣🤣

[@michaelauger8077]

It’s going to be a difficult transition period for a lot of manufacturers.

[@nastythomashobbs]

I love my Chinese made Electric Unicycles. They have improved so much in 5 years it is amazing. Went from a max speed of 32kph and 30 kms range to a max speed of over 100kph and 150 kms range. With suspension, better lighting. Smart BMS. Almost never hear of a fire now. They listen to their customers and rapidly adapt. Incredible really.

[@FrunkensteinVonZipperneck]

E-lectric UNIcycle??

[@richardscathouse]

I'd love to try one, but I'm in the US and just can't afford the 150% tarrif 😢

[@imanmanimanman7667]

​@@richardscathouse😭😭😭

[@JB-yb4wn]

@@FrunkensteinVonZipperneck Would you ride one at 100KPH? I sure as hell wouldn't.

[@usefulcommunication4516]

All western brands across all categories are in big trouble. You could see it coming. All you had to do was look at the number of Chinese students in the main western universities over the past decade. When I went to visit the top design universities in the UK with my daughter back in 2019, I was struck by just how many new students were Chinese. And the graduation ceremony 4 years later at UAL was dominated by them. The Chinese learned manufacturing to western standards first, and now they've learned design and marketing. We're screwed.

[@Pierre_Nu]

Your best post yet well done

[@electricviking]

Glad you think so!

[@streamingdemon2522]

Ford and Gm half assed an atempt at evs... Now the window of opportunity has closed. Out w the old in with the new..

[@shyviking]

....yes; and just add Toyota to that list. They had a huge head start with the Prius hybrid, but appearently stopped there for a decade or two, while they focused on the HEV dead end (Mirai etc.).

[@625as-pj5mg]

@@shyviking Toyota hybrid is less fuel efficient than IMMD and dmi. It is even less fuel-efficient than traditional fuel cars at high speeds. There have been fuel consumption tests on the Chinese Internet

[@Three003]

W Bush pushed ev development back 20 years.

[@jorgekumagai2672]

The times have changed. These are different times!

[@thorium222]

Yes, this is what is happening and it is amazing that most of the media is so low key on it.

[@GForce162]

they're Erhard Göpel's apprentices

[@ouethojlkjn]

I remember the media hype and all the polls around Donald Trump not getting into Office. And then they were all in shock when all their predictions turned out to be untrue. Media opinions are like assholes - everybody’s got one.

[@colonylaser4860]

My brother said Chinese are submissive, but I'd say it's the West that doesn't understand their idea of civility. Rather than being submissive, the Chinese people are a lot more open to compliance of national goals, even if it does not benefit them individually or immediately. As long as the goals serve an overall good, say wearing masks, adoption of cashless payment, relocation to the cities from the rural, and in this case, EVs, they will get behind it. That would ever happen in the West, at least not today and definitely not as easy. Here in America you have all kinds of people coming out of the woodwork to block you even if there's a net benefit to society or the group. Worse yet, it may not be from the individuals, but a proxy for some selfish private enterprise, corporation entity, or political positioning. That's why the Chinese looks down on electoral democracy, which looks like pure chaos to them (and to be honest, looks like that to me too). Be it Global Warming, medical care, financial reform, or EV transition, we love shooting ourselves in the foot.

[@passby8070]

Most Chinese have a very strong memories of the past, the amount suffering that China has gone through in the last 200 years are devastating. They understand that when a country is divided it becomes weak. Most often Chinese as individuals are more welling to sacrifice for the greater good of the nation. This included giving up your home for a new rail or road or not seeing your family for months at a time for a nation building project. Chinese does typically tend have a longer term and broader views on things and they will not over react to certain triggers that might be seen as submissive to the western point of view.

[@vegamoonlight]

The Chinese are more intuitive and forward-looking. The concept of submissive seems to be coming from the BDSM culture of the West. The Westoids want to see themselves as dominant and their culture is rapidly promoting the glorification of bullying. Many are subtly practicing it to demonstrate their dominance while their woke culture is blatantly encouraging self-righteousness. In other words, the West is on the road of chaos, destruction and imminent collapse.

[@solartime8983]

Well said! Japanese were slaughtering them in 1930's, if not for U.S. contract defense 'volunteers', (like in 1942 movie "Flying Tigers" John Wayne) Chinese may have become total Imperial Japanese Serfs. America Saved the Chinese in WWII🗽

[@grid-panda]

As long as you can convince them, the Chinese actually VERY VERY like rebel. Historians have statistics that almost half of the large-scale rebellions in human history occurred in China. The last few decades may be the longest suspension of rebellion in Chinese history.🤣

[@joepup8348]

Saying the Chinese are submissive is just spin, even sour grapes; if they weren't doing so well, people would say the Chinese are chaotic and wild. Basically, if any non-Western people works together and does better than the West, then they are submissive. Gotta find some way to discredit them. In fact, Chinese individuals know when it is in their interests to work together and keep their head down, and when it's best to strike out on their own. The American writer Henderson Smith, who went to China in the 1890s, pretty much said what I'm saying now. He said that the Chinese seem quiet and docile but actually often have strong opinions and are independent and enterprising. You see this particularly in the Chinese diaspora--the Chinese are independent, entrepreneurial, and self-reliant.

[@breft3416]

Good stuff! The legacy corps have made less but not lost money. They will make less and less until they quit or get bailed out. The Chinese companies will consolidate over time. They are far more competitive among themselves than anywhere else.

[@JB-yb4wn]

You think that the CCP won't bail out the crappy Chinese car makers? How do you explain all those brand new electric vehicles sitting in lots and forests all over the country? Magic?

[@prjackson7802]

Great video

[@10tenman10]

You are probably right about your market analysis. I think the EVs will continue to improve and may be in my (near) future.

[@number1genoa]

I have visited several Auto maintenance garages here in NZ recently for repairs to my Transit van (Thats another $$$$$ story). In chatting to the technicians almost all seemed to be of the opinion that the future would be "Business as Usual" for ICE powered vehicles but with a transition to Hydrogen as a substitute for the Fossil Fuel and electric cars being basically a sideshow. For their business this would seem to be an ideal transition since the vehicle maintenance demand is fundamentaly unchanged. Hydrogen generates a lot of sexy headlines and always seems "right around the corner" yet on the roads I see Lots of Teslas and Nissan Leafs but no Hydrogen powered vehicles at all !. It will be interesting to look back in 10 years time and see how this has played out but at the moment pure electric is scoring runs while Hydrogen is still in the changing sheds suiting up. P.S we love holidaying in the Ford Transit Campervan but when something goes wrong I am confronted with the impossible complexity of the modern diesel with Turbo, DPF, EGR, Add Blue, ECU, PCM and a gazillion associated sub components and sensors, all of which are a potential point of failure. Honestly how could you be a fan of all that complexity compared to the relative simplicity of a pure electric drive train ?

[@jsanders100]

I’d advise those mechanics to re train

[@lambertgiang]

​@@jsanders100became an electrician?

[@lindsayfox7206]

I have also see this here in Australia. I think like all industry disruptions, the last people to realise it is happening are the insiders in the old industry. You have to remember that if the average car is 10-12 years old and BEV are only at 10% of new sales, this is only 1% of all cars on the road. Add in that electric cars have less maintenance and you can see that from their point of view, BEV are a complete non event. It is only once new cars hit something like 15-20% BEV that they will even start to see impact on their business. And then over the following 5-10 years they start to feel it.. Slowly at first with just a % or two drop in business and then contracting at 5% and more per year. Then they go from just having a bit of a slow year to really slow to struggling. Slowly slowly and then suddenly.. Just like all industry disruptions.

[@johnwilson5743]

LOL. Those Auto technicians of which you speak, are morons. I had a specialist BMW AC Schnitzer 7401 Performance model and I'd only let techs from BMW work on it around the Country (New Zealand). Many had been trained overseas and were well versed in auto trends. None thought Hydrogen would ever catch on here in NZ. But they were concerned and in awe of Tesla! BEVs. Remember the push in New Zealand in the 1970's for CNG and LPG powered cars? It was a disaster. I was involved with the Public Service Garage (Government owned via Post Office) and we had many thousands of the damn things. They were death traps on wheels and just about killed me many times. Ever since I've kept an eye on alternative cars to ICE vehicles. Hydrogen powered cars had a run 10 years ago and failed dismally. Even California have closed most of the Hydrogen refuelling stations and most European Countries, including Britain, are closing all their stations. Hydrogen powered Buses are being closed down and replaced by BEV's. It is not economically viable to operated Hydrogen vehicles! Plus, the safety concerns are tremendously high. Good luck with your work horse Ford Transit. It had its place. Great old vehicle but now past its prime. Cheers. (FYI. I'm a Tesla investor.)

[@Lifecoach7Ra]

Just to clarify some of your good remarks. Hydrogen with about 10 times the cost to fill than electric power ideally from your own PV and Powerwall is done for cars and trucks. We have NO green energy in abundance but we lack of storage, batteries over all because they are cheapest so far but also pumped storage waterplants etc. H2 would have an energy efficiency of 12% versus 21% for ICE cars and trucks making 100 years of ‚progress‘ from cheating industries and dependent from oil and gas suppliers not interested in e.g. 2-LITRES-CARS buy my Kia EV6 AWD uses equivalent of just that! It’s an EV with 68% energy efficiency even with still bad European mix. But we own waterpower and PV sources and then it’s even higher. Are we stupid never ever consider ICE again? Two years now not one single problem and first service costing 1/3 of similar former cars? TCO in high 30% range less in our company with now 100% EV including amortisation of own sources. So you can call us FREE!

[@Aramsa-Khan]

China's consumers were once very brand conscious. They prefer western products. That was further exacerbated by lower product qualiy in the early years of China's development. China has come a long way within the last 40 years to match its qualities with that of the western products. The Chinese, in this current geopolitical climate, should discard western made products and support the locally made products in the interest of the motherland.

[@JB-yb4wn]

Well no, they still make absolute garbage.

[@sixtynine2856]

​@@JB-yb4wnWorry about your evil oligarchical/plutocratic country (US) where your politicians/corporations/billionaires rape you of your middle class status and while China's middle class rise. 🤔

[@dr4jm]

Build good cars what people want not what accountants want, cut CEO, managements, accountants, directors pay or sack them. Get rid of rent seeking parts suppliers, finanace people. You don;t sack people that do actual work like building the cars. Lots of things ICE can do to compete, common engines, suspensions, accessories are all pretty much standard, so cars should get cheaper to build run and repair. but corporation and accountants are killing it. not EVs.

[@thenditharam]

Same goes for every American industry that has bloated management.

[@RickDenzien]

Awesome info. Tesla is rocking the pollution makers!

[@alexdieudonne1924]

My friend has a business in China, his business Chinese partner, openly says we are in it for the long term, and will run at a loss until you leave!

[@JB-yb4wn]

Well it looks like this idiot was laughingly wrong. The economy in China is collapsing, what the Chinese people need is to get rid of the CCP.

[@TheAegisClaw]

Nobody in the UK thinks MG is still British Sam.

[@hardi.howdy.983]

Many have told him this, but he keeps repeating it ever since MG started making EVs. Keeps ridiculing Brits!

[@zoransarin5411]

@@hardi.howdy.983the sale was in 2007. If you were 15 years or under in 2007, you likely didn’t hear or didn’t care unless you were a car person or you parents were. That 15 year old was born in 1992. They are now 32. As such, there is a large component of buyers aged around 32 and younger that likely don’t know if cars are not there thing. Simple math and logic suggests the Viking has a point

[@Lost_Johnny]

True. They do know it is Chinese - many even know SAIC owns it.

[@zes7215]

@@zoransarin5411 wrr

[@zoransarin5411]

@@zes7215 speak english. I don't know what wrr means?

[@Seicks]

it's not just the car being electric that makes the difference, it's the whole system and experience. Not having to remember to bring the keys, controllong the AC of the car before you get in, auto-parking, mini-fridge, voice command, all these things, and at a lower price. The question is how come the legacy auto makers haven't thought about all this?

[@Henrik1966]

VERY informative video …. and sooooooo many people (here in Germany) do NOT have a clue of the disruption of the car market going on at present … so,telling them that VW, Mercedes, BMW, etc., can (will) be in big problems soon, is impossible for the to understand, comprehend.

[@Sqirldashadoo]

What I’m I missing here? Auto makers are regulated into producing electric vehicles that nobody wants, that most infrastructure can’t support and so they’re forced to sell them at loss? What part are they supposed to like?

[@buckodonnghaile4309]

The ev evangelists will never listen.

[@tonrotterdam]

Indeed, you are missing a lot. Stop listening to the industry propaganda ('people don't want EVs' and 'We need less regulation, it's killing the industry'). The Chinese make good, affordable EVs. Why do you think there's suddenly a 100% import tax on Chinese EVs in the US?

[@Sqirldashadoo]

@@tonrotterdam Yea, I guess the industry is full of it, bet none of them are about go out business anytime soon either. Thanks man, now I know.

[@neskobuka65]

​@@tonrotterdam EVs are not wanted in china thats why they are coming in EU and US to destroy production here. Lithium os bad for digg8ng World has to stop litjium EVs and f8nd better materials Gas cars are bad and lithium also. Good luck Fitsen only 😂

[@jantjarks7946]

Please stay with your ICE car. Never adapt. 😂

[@brianhjelte712]

Love your channel and content! There’s a bigger game going on. The auto industry has enjoyed incremental annual price increases over the past 100 plus years. That’s the standard automotive manufacturing model. However, EVs are and will take on the tech model. Whereas prices start high, then incrementally go lower each year, until it’s a race to the bottom. The legacy manufacturers are fighting the tech model. All the stuff you see in the media about how EVs don’t have range, no where to charge them, no demand etc, is just a smoke screen.

[@jerrycoronado6887]

There’s an old saying: “If you dance the dance eventually you will have to pay the fiddler.” US automakers got complacent with their success and kept increasing auto prices, especially on trucks, to unsustainable levels. Enter foreign competition. US automakers had no plan on how to combat this foreign intervention save for relying on consumer loyalty. What they didn’t realize is that the US consumer is tapped out and no amount of loyalty will enable those same consumers to continue paying nosebleed prices when imports offer nearly the same options albeit a cheaper price.

[@markwng]

Australia feels warm and fuzzy about MG as well. That brand purchase was inspired genius.

[@colinnhl1414]

Those legacy brands aren't going to disappear, Chinese will buy them and attach those brands to their BEVs and sell them outside of China.

[@lambertgiang]

That also means the Chinese consumers will have more disposable income and improve better lifestyle too while the Western countries will have the opposite in comparison.

[@skrupulonac9144]

Where they have more income ?

[@lambertgiang]

@@skrupulonac9144 When your running cost is down in comparison to ICE.

[@skrupulonac9144]

@@lambertgiangthey are not lower then sus engine

[@lambertgiang]

@@skrupulonac9144 sus rngine?

[@lambertgiang]

@@skrupulonac9144 sus engine?

[@bigeye4520]

Thanks China. Don't abandon us in the States，I'm holding off until your EVs show up here.

[@YCHTT]

If you trust your corrupt politicians, they are not going to allow that to happen. They are already trying to ban any cars that have Chinese software on it. It's really up to the American people to rise up but the government media in the US is very strong.

[@TeohLieongChuan]

us still in ice land until no more oil

[@ChrisSmith-bh2hg]

I think I heard that your government just increased the Chinese EV tariff from 25 to 100%. If I'm remembering correctly, you might be holding off longer than you want to.

[@tonygrant3062]

You be lucky with the 100 percent tariff your government has put on 😂 , ripping you off and stopping you getting a quality ev like nio etc and stuck with poor quality tesla 😂😂😂😂

[@jimhewes7507]

I don't think the tariffs are a good idea _unless_ the US car companies catch up quickly. If not, then the tariffs are really just a benefit to the fossil fuel companies. EV car prices will remain high and so sales will drop. Tariffs might be trying to protect the US car companies but it's not helping the climate change problem.

[@jinniwind]

Nationalism really doesn’t explain it. I’m Chinese, and I know it. Many, if not most, Chinese people are still big fans of foreign brands, generally,and they don’t buy shitty things just for nationalism. Chinese value their money more than nationalism, when it comes to consumptions. If they buy Chinese, it’s because it’s either cheaper or better or both. If the Chinese products are good, we are naturally proud and tend to buy the Chinese brands, of course, but we wouldn’t brainless buy shitty stuff purely out of patriotism. Chinese netizens have a saying with the literal translation being: nobody’s money is blown into the pocket by the wind (meaning our money is hard earned and should be cherished and spent wisely). We are not Koreans, and do not have a national program installed by the government to strongly encourage you to buy national brands. The main reason of Chinese EVs selling so well in recent years is really the price and quality in materials and technology. Even many Chinese who used to drive BBAs to fuel their egos have changed to Chinese EVs.

[@wanwan-xo9fl]

The Chinese are the most realistic people in the world

[@tommyboss4067]

High Quality, Old Brand's Prestige and high price Vs. and now High Quality, New Brand and low price (decent)....Dont forget: Right or Wrong is my country. 🤣🤣🤣

[@voramuj]

Hi Sam, #Tashkent #Uzbekistan Today I have received my 2nd #BYD E2 405 km range

[@petergreen5337]

❤Thank you very much for your TRUTHFUL advice and professional insight.

[@electricviking]

You are so welcome

[@GET2222]

The legacy OEM market is shrinking like Sam’s shirt. 😂

[@spadeysay6846]

The American, European and Japanese legacy car makers were suffering from massive over capacities for the last 3 to 4 decades. They have unloaded 100s of millions of their over capacities for cars around the globe, with the most probably to China. The huge difference is that they disposed off their over capacities at a huge margin, unlike what the Chinese new car makers are doing, selling high quality cars at razor thin margins.

[@jimgraham6722]

They knew what had to be done a decade a ago as Tesla showed the way ahead. Consequential failure to invest has had inevitable results.

[@evelic]

Factual content. Great.

[@johnackerlind4707]

Sam I’ve taken my eye off electric cars for a while. I am a big fan. I grow the original EV one back in the 90s. I’ve leased an egolf which I loved. Bought a Chevy volt which we plan on keeping for a long time I like it because I don’t have to worry about charging it on a long trip. This excellent video you have made on the inevitable dominance of the electric car is impressive. Wow, thank you for your excellent reporting.

[@Rubicon365]

Those people that said they will not own an EV are like those Sony Trinitron fans who said they will never own a flat screen Samsung... Or Blackberry fans who said they will never use an iPhone because there are no keyboard.

[@JogBird]

trinitrons are actually a hot comodity right now for retro gamers, if you have one in the basement it could be worth monies

[@skrupulonac9144]

That had nothing to do with what you compare . Ev is only working is governments are burning huge amount of taxpayers money . Look at Germany and what happened to ev market there . China is burning oven more . How is that normal ?

[@imanmanimanman7667]

​@@skrupulonac9144😮😮😮

[@n.ringheim7720]

So I have tried BYD and seen Scandinavian tests. It's a fine car but the software can't route plan with charging stops in Europe, it still charges kind of slow, the motors aren't that effective compared to especially Tesla. But when they get that sorted and lower their prices then they will do a big dent in European car industry

[@PaulNelsonphotography]

I've watched all the reviews on the BYD cars and their software does suck.

[@johnsullivan8673]

Chinese SW is really Chinese industry’s only weakness. Not just auto.

[@625as-pj5mg]

You can use it as a fuel car. Its fuel consumption is only half that of a petrol car

[@garyp7580]

I don't think Chinese EV's will ever touch American soil.

[@albertmagician8613]

It has happened as long as you admit that Brazil and Mexico are in America.

[@christophervaughan2637]

Famous last words

[@Footballau]

Love your work buddy. FYI I have a Atto 3 . V happy .

[@LW78321]

Would love the BYD Dynasty models to come to Australia!

[@i.am.ghost.]

Cars are more and more expensive year by year. People don't need all these fancy cars they make, people want cheap cars. People don't have money, everything is expensive, and jobs are not well paid. A car like Tesla 3 with a 500 range , 30 min charge that stays in 20k is more than enough for the majority of people.

[@passby8070]

Nice research Viking!

[@electricviking]

Glad you think so!

[@npbetts1]

In the nineties, everyone was saying the Lexus and Infinity were going to kill European luxury cars. It didn’t quite go down that way. The Europeans regrouped with better cars and Japan went into a prolonged recession. The unexpected could also happen with Chinese EVs. While it currently looks bad for legacy auto makers, a combination of economic, demographic, and geopolitical events could easily change the trajectory.

[@shyviking]

Weren't those "everyone" primarily americans? And primarily about the american car market. And the LS400 did actually force Mercedes to lower the price on the new S-class, AFAIR. Not to mention the wakeup call, it gave everyone in Detroit.

[@npbetts1]

@@shyviking Admittedly, that was with respect to the American market. I feel my point is still valid, however. Where the unexpected is possible, it frequently happens.

[@yo2trader539]

Japanese recession has nothing to do with Lexus or Infinity.

[@skrupulonac9144]

Of course I agree with you . People are saying nonsense without analysing facts .

[@yunsi7954]

Dream on

[@thebuddhaheartsutra]

You offer the real facts and best analysis! Bravo

[@electricviking]

I appreciate that!

[@myronp243]

Look at the dealership lots now.They are way overstocked.There is a big problem even in North America.Inventory is twice what it should be.

[@gnagyusa]

We f-ing told the legacy carmakers so to make EVs. They refused.

[@jxmai7687]

Because that is no any benifit for the big greedy gas company,

[@MMLL369]

@@jxmai7687 Have you heard of stories about how electrical companies force residents with solar panels off their grids? LoL Otherwise, some residents with solar panels would actually get "free-rides", everyday and happily ever after.

[@koenraad4618]

GM literally buried the EV1 in 2003.

[@douglascutler1037]

Legacy Auto: "Gas cars are so great, la, la, la, la . . . . oops."

[@baronvonjo1929]

Because for many western nations EV adoption isnt happening as quickly as the brands wanted. And many of their EVs arent profitable. What governments, automakers, and different consumers from different countries want can vary drastically

[@mitchcollins5840]

Nobody ever buys a Porsche because it makes sense. They just want one.

[@jarnee1]

The beauty of Chinese governance is the ability to forward strategizing. Having a stable government affords you to future-proof your economy, and China has executed their's beautifully.

[@apn42]

Stellantis have serious problems. their new Peugeot e-3008 which is based on their first all electric platform is overweight and uncompetitive. The rest of their electric offerings are also outdated and underwhelming.

[@corellian2011]

Excellent video.

[@electricviking]

Glad you liked it!

[@HygienistDentist]

Say it like it is 🙌🏼

[@phvaessen]

Top 20 car manufacturers (excluding BYD and Tesla) = legacy => in 2023, Total market cap = $1047 B, Total Debt = $1415 B, Total Net income= $129 B, Total cars sold 67 million, YoY growth 2.88%. Look at the total debt and compare that to the total market cap, and Net revenue ! This could be the next Big stock market crash ! Compare that to the EV (top 10) Total market cap = $896B, Total Debt = $69 B, Total Net income= $9.7B, Total cars sold 40.6 million, YoY growth 79%. USA was once the world leader car manufacturer ... until Japan invaded the USA with their better and cheaper cars. Consumers are not nationalists, they consume what they perceive is the best for them.

[@craig8638]

Consumers are told what to perceive is best for them by the car companies and influencers. There is so much EVV misinformation even amongst reputable KZbinrs who review cars. Almost no one needs a three-quarter or 1 ton pick up or a Ford raptor. But they’re told they do because it somehow makes them more manly. The Ford raptors where I live never go off-road and are some of the cleanest trucks in town. And then the government has incentivize the companies to make these huge vehicles because they get tax breaks for some consumers and it’s also the way the CAFE rules are written, I believe.

[@btrts6431]

I had both Ford and GM products growing up in the 1980s. Garbage, garbage, garbage. Leaking oil, faulty brakes, 35,000 mile alternators, fuel injection systems not working, I hope they all go out of business!

[@privatedata665]

🤣 alrighty then

[@albertmagician8613]

I have a Mondeo since 2000. with 120,000 km. Still going strong. Maintenance is a couple hundred euros per year, dwarfed by insurance. I hope that Ford keeps going another 5 years. Then maybe is time to retire.

[@mac22011964]

I think here in the UK we have worked out that MG is nothing to do with the UK!

[@atanacioluna292]

Powerful arguments, I saw that throughout China. I thought Toyota and VW were doing well, but the cars were gas.

[@johnthefisherman2445]

Fierce competition means lower prices for consumers.

[@coobay4786]

I see why he's a former GM chairman. ICE vehicles will be around for a very long time.

[@paulc6766]

Only until they can't buy fuel or get it repaired.

[@charleswillcock3235]

People in the UK might not be very good at manufacturing volume cars but we do know MG is a brand run from China. They still have a small presence at the Longbridge plant in Birmingham UK.

[@zoransarin5411]

Charles. You know MG is Chinese as you see through your lens which is based on your age and experience and knowledge of cars. A 15 year old in 2007 when MG was sold is a 32 year old today. So how many buyers 32 and younger do you think necessarily know what you know about MG and China. I think many don’t.

[@625as-pj5mg]

@@zoransarin5411 What about Lotus? It's also a Chinese brand. What about Volvo? It's also a Chinese brand

[@zoransarin5411]

@@625as-pj5mg What is your point?

[@625as-pj5mg]

@@zoransarin5411 My point is that a lot of people didn't know he was using a Chinese brand car

[@vardanarakelyan5214]

Great 🎉, thanks for valuable information.

[@electricviking]

Glad it was helpful!