How to win in China

China enjoys supremacy at the top of almost all the key supply chains, in raw materials sourcing, inbound logistics, refining and processing, and manufacturing. How can foreign companies compete?
By realizing that Chinese industry is equally dependent on us. We provide the consumer markets, branding, delivery, merchandising and showrooms, customer service, warranties, customer finance, and maintenance and repair. Through the life cycles of entire product lines, it is our companies who enjoy most of the profits.
Volkswagen, in a series of bold moves that rejected their own national government's advice to de-risk from China, doubled down instead. By doing so, VW will remain dominant in markets both inside and outside China, while ironically benefitting their rank-and-file labor in the EU.
Thumbnail graphic, new car prices in US
www.visualcapitalist.com/grow...
Asia Times, Volkswagen going fully native in China
asiatimes.com/2024/01/volkswa...
NYT, Volkswagen hires 3000 engineers in China www.nytimes.com/2023/12/12/bu...
Electrek, BYD offers new cars under 20k
electrek.co/2023/09/15/byds-y...
Caredge, new car price trends in 2024
caredge.com/guides/new-car-pr...
MIT Technology Review: How battery swapping can improve EV adoption
www.technologyreview.com/2023...
Who owns Volkswagen? Largest shareholders of VW
www.kamilfranek.com/who-owns-...
Qatar launches RMB trading hub
www.reuters.com/article/idUSL...
China, Qatar sign 27-year LNG deal
www.cnn.com/2022/11/21/energy...
Reuters, China's monopoly on graphite battery technology
www.reuters.com/world/china/c...
China enjoys monopolies on graphite, lithiuim
www.greencarcongress.com/2022...

[@seymorefact4333]

😄😁 China is all BUSINESS! a WIN-WIN for those that want to do business in China!

[@coolspace2786]

in other word -> live and let live

[@nikolas_5629]

But mostly American said "Chn not allowed for making tech products, only supply raw material, then Chn should buy all tech products from US by all money its got(bcoz so expensive)"...😅

[@GNH-1812]

it is the way. not harm in sharing prosperity and peaceful coexistence.

[@denniscaffrey633]

People of his character never become politicians,he's too good and honest

[@KennyL1]

There is another link that the VW group has that is not often mentioned. The man called the "father" of EVs in China, Wan Gang. Wan Gang is the man who set the EV vision for China with the dual goals of solving China's cities pollution problem and to overtake the automobile market. Wan Gang worked for over a decade in Audi in Germany as an engineer and executive developing cutting edge automobile technologies, and was also a supervisor for PhD candidates in a German university. He returned to China in 2000 and became the Minister of science and technology where he set the policies and drove development of EV technology that takes where China is today. This is a relationship that not many companies would have. This is a man who when he speaks both Chinese and Germans will listen attentively. I'm sure VW would have talked to and listened carefully to this man.

[@douginorlando6260]

… compare Wan Gang to American government technology policy makers on EV production; Forcing Ford to dump billions into a product that was doomed to disappoint when mass produced (F150 Lightning), while pretending Tesla does not exist. The fact that CCP leadership selects people like Wan Gang for key positions is why China will likely follow the success of Singapore.

[@dipperq]

looks like wan gang just retired last year, after turning 70 or 71

[@Dordord]

Does he post cooking videoes on YT with an AI face? A younger face😂

[@fowono2007]

@@Dordord Very typical of the mindset of the average Westerner these days. Unfortunately.

[@Dordord]

@@fowono2007 except I am Chinese🤣

[@baljiangusa]

The real question is how did we get here. The Chinese are not the willing partners and we have ourselves to blame. We have been so trigger happy about punishing everybody else, sanctioning this and that. We even behave like a highway robbery in taking others money.

[@ngheanchoong]

rule base order

[@user-gb5qd6mp5x]

I am Chinese, so you once robbed me of my money

[@pengzhang5081]

@@user-gb5qd6mp5x他们确实天天抢劫中国人民的钱 从1800到现在 没有一天不在抢劫中国人民任何钱物

[@user-je3kx6fw7e]

OK. Here's what happened: I lived and worked in China. 1) The Chinese have an endless supply of cheap labor. People want to come the the cities and work for anything offered. Like America had in the 1920's/s30's. These people built the empire state building and Hoover Dam. They were one generation away from the farm. (and didn't want to stay there) (why do you think Biden is importing people who are willing to walk here from central America) 2) In 2005, China had NO insurance companies. 300 million people driving around with No auto insurance, No life insurance, No property insurance, NOTHING. They ran on the Honor System. So... they had no insurance BURDEN. Our American cities are filled with 100 story insurance buildings. Filled with lawyers, bringing suit to the other 100 story insurance building, shuffling paperwork, bringing litigation, choking courts, then driving home to gated communities in imported luxury cars. China doesn't even have lawyers for any of this madness. 3) Capitalism runs wild in China. No OSHA, few taxes, low or no industrial regulations. A manufacturing paradise, with throw-away workers. When damaged, go back to the farms. They ride bikes to work, get great exercise, and bring brown paper bag lunches. Costs are the same. Y8 restaurant lunch, Y900 3 bd 1 ba apartment. 4) Chinese set their monetary exchange rate at 6:1. This made Chinese exports outrageously inexpensive, and American products too expensive for the Chinese to import. This system runs automatically in the background. No need for tariffs or watchdogs. The Chinese government kept all these exchanged dollars, and printed new Chinese RMB bills to pay their people. There are no greenbacks in circulation in China, like other countries, they are not that stupid. Finally the Chinese bought American T bills with these saved dollars, earning interest in the American Debt System. It's as if they control twice the money. You see when Jesus was being crucified, 2000 years ago, the Chinese invented paper money. So, I think they know what they are doing with it.

[@baljiangusa]

@@user-je3kx6fw7e the more accurate fact on car insurance is there was no compulsory one until July 2006. It is not fair to require a poor and developing nation to have a legal system that is comparable to that a developed nation, which is reflected in the WTO agreement.

[@lloydguenther6102]

Ive seen the Chinese vehicles here in SE Asia. Very very impressive in design, price. Uve seen the growth over just the last 3 years.

[@user-rl5wm1cm1k]

I'm a 60 year old U.S. citizen. I've spent most of my life in the manufacturing sector. The average U.S. citizen has been getting poorer for decades now. The U.S.A. is now fully bankrupt by any accounting standard! The day of reckoning will soon be here. Balanced budgets and balanced trade won't be optional. 50% of U.S. citizens own nothing. Many years of pain instore for the U.S.A..

[@MetaView7]

$34 trillion debt works out to every citizen owing $100k including babies and old folks.

[@johnyossarian9059]

How can a country that spends hundreds of billions every year on its military and the militaries of its allies/vassals can be banckrupt?

[@UnbreakableM1nd]

I agree. US need to sort their own shit out. There is a serious lack of competence at the leadership level. The lack of introspection among the average American is disappointing. That's how empires fall.

[@madsam0320]

Looking at the ten feet tall orange robots, reminds me how many Americans used to work as farmers and ranchers until the big machines take over. If all the manufacturing jobs are forced to return, the big corporations will find ways of employing as few workers on the shop floor as possible. It’s a little bit of a bother, and annoying.. but not that much.

[@AIPretendingToBeHuman]

$34 trillion in debt , also works out to about $250k per TAXPAYER :)

[@justjacqueline2004]

I remember watching Chinese students at Trinity College Dublin avidly working in English to translate their notes to comprehend the concepts of manufacturing and engineering.Those students were not young men,they were serious mature men determined to succeed. So many went to Germany as Doctoral students in Chemistry and Engineering and this was 1979. I also remember bringing them to our very modest home in Northern Ireland where my brothers and them bonded over cigarettes and cards.They were fascinated to see how we plebs lived then.Today their children are the inheritors of their very hard work and sacrifice.Many of them visited me on my Doctoral course at Oxford and were really interested in my and my colleagues work in Bio-tech. I can see why China succeeded with such determined people.

[@albertorodas6479]

I am 70 year old studied in California, life was fine in the 70's . I visited several times the US for several purposes, mostly academics, since the 90's the decline was obvious. Feel sorry for what is left, the family values.

[@MetaView7]

Population size infers consumer size USA 334,914,895 EU 448,387,872 China 1,409,670,000 36o can cry and stump her feet all she wants. Ursula can play chess by herself. Those business leaders are no fools, they are 10 steps ahead of the bureaucrats.

[@Fightback2023]

American philosophy is "Why build it when you can buy, why buy it when you lease it, why lease it when you can just take it (with non stop printing dollar)".

[@seowkhoontan9534]

Why buy it if you can steal it such as oil in Syria and Iraq.

[@gregwang8628]

And looting with military threats.

[@GreenIsland38]

Second time I have watched a presentation by this gentleman, very informative, containing many interesting facts, top presentation. The US government should be paying attention to what this gentlemen and other men of his calibre are saying. Top marks, stay safe, keep it coming.

[@bellybutton6138]

I enjoy his channel. Short and informative. No beating around the bush and big drama LOL.

[@Dollarrmb-pk6ub]

In US government, it's all about politics . Any policy made is only for his 4 years term. They are no longer term policy.

[@craigslistseller9354]

Mercedes-Benz, BMW, Tesla, Audi & other luxury brands have made well over half their annual profits in China for over a decade. US market demand is pathetically dismal and just a fraction compared to China's.

[@tony538]

i went to a salvage yard to buy tow used headlights for my peterbilt and it was 2300$ bought brand new remanufactured in china for 375 $ you tell me why i should suport local american made?

[@nuo.not1033]

Business is business. Business is just business

[@eac26114653]

@@nuo.not1033 I agree. Life is value for value. We each mind our own business and look out for ourselves.

[@sciagurrato1831]

Called “survival of the fittest” except by the unfit in mind and body.

[@GiorniVenibato]

Auto part is highway robbery!!! All these small car parts can cost $100 and up easily!😮

[@patrickcowan8701]

I want to support local but i hate being ripped of. Peterbilt probably has those parts made in China now anyway. I bought a three line laser level. Laser receiver, grade rod and tripod for the price of just the receiver of my American brand.

[@prwchan]

This is an excellent channel!

[@patrickcowan8701]

I agree. It's hard to get good business news from China most just post tofu dreg clickbait.

[@Ace1000ks19751982]

That is right way to do business in this world now. Sourcing stuff from the US is too expensive. Sourcing the parts and components in China makes more sense, and it makes even more sense to have it assembled in China.

[@chriscain7333]

The us doesn't sale products, although it used to, it sales money.

[@Ace1000ks19751982]

@@chriscain7333 Most of the products sold in the US are made in other countries, like China, and companies just put their brand on em. That's all.

[@fongponto]

When China does business in Africa and other countries China develops manufacturing capacities in the countries where the raw materials come from. And buys the ready made product instead of the raw materials

[@Ace1000ks19751982]

@@fongponto That is true, because China helped Zimbabwe produce a lithium processing plant, and China are assisting Nigeria in producing a oil refinery there.

[@truthaboveall7988]

We r learning this w the chips act - we haven’t started manufacturing TSMC in Arizona yet due to no skilled labour & high costs of construction By the time we sort this China will innovate their own advanced chips

[@Unvaccinatedpureblood]

Moral decline in the US.

[@user-gb5qd6mp5x]

The elite class of the Republican and Democratic parties in the US government is morally corrupt, not the American people. We Chinese people are willing to be friends with people all over the world

[@atiger4716]

And Europe too, for decades

[@xushenxin]

Today, US and China are not competing on anything business wise, except semiconductor. If US politicians let go the idea of maintaining global hegemony, then it definitely could be win win~

[@junizhao]

Can’t be done. Without hegemony US will lose EVERYTHING, including shirt on back!

[@LokeKS]

China will not trust the west again

[@willengel2458]

the empire's rule based order hinges on the empire being the top dog. the thought of being number two or being equal is a non-starter.

[@gregarnot5066]

We have similar backgrounds In 2000 I created a manufacturing company in Shandong. Before that I was Sales Manager Asia Pacific for a Fortune 500 company In 1972 I was exchange student from US Naval Academy to Chinese Naval Academy in Taiwan. 1979-82 correspondent covering Taiwan. 1985-89 translator working for U.S. aircraft manufacturer working in Ministry of Aviation in China You impress me

[@siyuanzuo3750]

Would be lovely if you could put out videos of your experiences through out the years.

[@gunsumwong3948]

One major mistake in the video. Yes Qatar exports LNG to China but China has next to nothing gas fired power plant! Thus China does not use LNG to generate electricity. The fossil fuel in China is always coal. To be honest China couldn't afford importing and burning gas like the west. China is now replacing coal fired power with renewable solar, wind and hydro plus a significant amount of nuclear power too. LNG in China is for industrial production and heating for the domestic market. Before the Ukraine war the average electricity in US, France, UK and Germany were 129%, 205%, 297% and 382% of China respectively. The 2023 published data now show US, France, UK and Germany average electricity tariffs are 225%, 263%, 587% and 650% of China. At time When the German mega petrochemical giant BASF moving some operations to China the affected workers reported the electricity in Germany then was 10 times of China. US conned the EU countries to sanction Russia and stop using its cheap energy and replace it with the American and those from the open market. The natural gas heretofore consumed in EU has to replaced by the more expensive LNG form thus EU electricity immediately goes up 2 to 3 times and will stay in that position permanently. Apart from France most EU countries still rely mainly on gas to generate electricity. The change of Eu economic landscape is courtesy of the US! Germany was hit particularly hard because it was not allowed to buy even Russian oil based on which much of its petrochemical works were configured. Thus Germany is undergoing the de-industrialization process after much of its energy-intensive industries were virtually crippled and the energy cost becomes unsustainable.

[@CN_SFY_General]

Yes, the Chinese use gas in the kitchen.

[@Albion80s]

Excellent info.

[@uptoapoint7157]

Net Zero is transferring economic power to Asia.

[@siyuanzuo3750]

Yeah I was skeptical when I heard that part too. LNG in China are mainly used for households and LNG-converted vehicles

[@bennydeguzman7668]

Success is through hard work. You cannot be successful by being lazy.

[@ericchong9304]

Kevin, i want to let you know i truly enjoy your videos, learned so much from you, and encourage you to continue make more videos so that people worldwide see the real story as it is, and not be manipulated by media. Amazing what 1 person can do vs. all those biased media!

[@AIPretendingToBeHuman]

"More interested in Saving Money, than Saving The Planet." --👍

[@JohnLee-]

Are you tell me no to upgrade to the latest phone

[@GreenIsland38]

You need money, lots of money to Save the Planet !!! consider that.

[@bellybutton6138]

Isn't that logical for businesses? If business is not in for making monies, might as well start a charitable organisation. LOL

[@siamcharm7904]

china has transformed the whole concept of manufacturing with its optimized industrial ecosystem which stretches from the classroom to the automated port of shanghai.. it can not be duplicated.

[@DailyBeatings]

VW didn't seem to have that "mystical value" with the recent TDI scandal...🤣

[@GreenIsland38]

That was caused by greed and not by good economic thinking.

[@Raffali666]

I follow you from maldives 🇲🇻 Thank you for the uploads! Very informative. Personally interested in tapping the huge chinese outbound touist market selling maldives!

[@rontsang4308]

Damn Kevin, you got me nailed for the viewer demo. 65, male, business owner...I have to work on my UAE and government connection haha.

[@hdvoice]

And transcend your brand🐶😂

[@peterkogl1329]

Exactly same here! Hahaha!

[@akakakakakak3084]

Many Chineses had the same experience as your instead of invaded by Japaneses during WWIl. As the same, many Chineses refused to buy Japanese goods but no choice at the 70s and later until recent decade😅

[@leekinboo]

说得好

[@douginorlando6260]

Keven … your insight is greatly appreciated. We never hear why business relationships are so powerful. We aren’t told who are the hidden connections that drive decisions. Alas Germany (and Europe) had one foot blown off (Nordstream go boom) and are under pressure to put all their weight on the raw stub instead of shifting to their other foot (China; both for profitable investments, plus healthy mark ups on exports from there).

[@raymondyau7234]

Very informative video. Contains lots of wisdom. Looking for more videos from you. Thank you for making us smarter.

[@soothsayer2406]

3D chess player vs a Tic-Tac-Toe player... who will win in the long run?

[@JoMe2]

I've appreciated so many of your videos, this one particularly. The political rhetoric of decoupling/derisking is a total nonsense. If U.S. or the West insists, the rest of the world won't stand still. In the end, who will be left behind?

[@MrStevemur]

The only part I disagree with is the idea that the builders of the products need sales and maintenance as much as vice versa. The relationship won’t be equal. (EVs also need a lot less maintenance work.) It’s the best deal we can make though, at this point. We should swallow our pride and do it.

[@skydragon23101979]

Generally it is correct but if you want to qualify the percentage of needs then it’s a different equation. Because although you can reduce output, one of the things you have to consider is economies of scale, 2nd is the workers being laid off.

[@mijmijrm]

i get the feeling people in business are simply operating in partnerships with suppliers. But the political establishment is all about nationalism and and power and control. The politician's powerlust perception of the world is possibly due to the "democratic" process whereby the the personality which most lusts for power is the personality most likely to be in power. And that personality won't change. So, for the politician in power, everything is about acquiring more control and power.

[@GreenIsland38]

That is unfortunately the way things have always been. Power corrupts, total power corrupts totally !

[@sleo3720]

Politics is the vehicle for amassing power, for some by all means hence very seldom will you have an honest politician

[@Dordord]

When talking about gas vehicles, volkswagen is the most popular and most valuable one in customer's eyes here in China. But when talking about EVs, Volkswagen is just 'othes' AKA low quality, low sales, only the stupid would buy 😂

[@Dordord]

When I went to the europa in 2008, I saw how Europeans were working, I told to my colleague who went with me: "Europe is not what I expectrd, these people know no much than us, lazy, ignorant and arrogant, but paid 10 time's than us, their youth will meet the payback time caused by these people now" This is happrning now, you ate too much than you shoulf before, now get the taste of starving.

[@siamcharm7904]

love those basketball courts behind you. another area for china to excell.

[@linus631]

Great eposide. Thank you for sharing!

[@al5555]

Excellent and insightful, thank you!

[@siyuanzuo3750]

I learned a lot watching your videos. Thank you!

[@manimalworks7424]

Smart business man telling the truth

[@daffyduck4195]

According to Kevin, foreigners are permitted to fully own automotive parts factories in China, while they are allowed to own up to 75% of electric vehicle (EV) factories. The main objective is to ensure that production remains in China, while giving management the freedom to pursue profits. As a result, both executives and Chinese laborers can benefit from this arrangement. In their pursuit of profit, foreign executives have already replaced expensive European suppliers with more affordable Chinese suppliers. This ultimately benefits China and the European executives, but it would spell pain to European automotive suppliers.

[@HTeo-og1lg]

You're mistaken. Fully EV factories are permitted to be of 100% foreign-ownership, too. For example, Tesla Giga is 100% ownership by Tesla (US Inc.), since day one of its construction of a factory in China starting late 2019.

[@daffyduck4195]

@@HTeo-og1lg . Tesla was given the incentive to be the first foreign company to get full autonomy in their China factory. Prior to them, most foreign companies had to tag along with a local company in some way. Now that the Chinese EV market is saturated with 200 domestic producers the rules have likely relaxed for all foreign entities to join the competition.

[@dnart4850]

@@daffyduck4195现在可以100%了

[@peterkogl1329]

Man, I like your stories! Thanks a lot Kevin.

[@ben_castle]

Your insight is informative. Tks.

[@stevencook5501]

This is brilliant man! Keep it up.

[@alfong8279]

Excellent presentation, you should be lecturing in our best business schools with this video, thanks.

[@arslannizami]

Great sir!

[@ButchCassidyAndSundanceKid]

All I remember VW is their Beetles - the love bug, Herbie.

[@vertikultursg8532]

The only colour that business cares for is the colour of money. And Chine knows this well

[@latiendaca1773]

“Your folks need not have anything to do with German stuffs”. And that logic behind it, is applicable to Toyota’s unable to do the same as VW in China.

[@truthaboveall7988]

I R’d ur channel to other China focused communities on YT Great show & factual reporting

[@arthurvandeman]

this channel is now required viewing for me/

[@shaundudley4576]

Me too. I click the moment it pops up . This guy is stunning.

[@eac26114653]

I agree. At first, I wasn't sure about the knowledge and credibility of this guy. But after watching more and more, he does appear credible.

[@AnnieT369]

​@@eac26114653I knew the first time I saw him.

[@marcoac-sx6lq]

Volkswagen will become entirely Chinese one day.

[@sciagurrato1831]

That’s not what China wants and it will not happen. China wants a strong and honorable partner for a shared future. Your attitude is predatory capitalism at its most fallacious. Clearly, the German government, as puppets to the US, will need to be rejuvenated someday.

[@firstlast-pt5pp]

BYD - the real "people's car" now

[@zaffvideos5688]

Hear hear@@firstlast-pt5pp

[@markxia7632]

Volkswagen is special to China。it is the first car manufactureor to invest China，so Volkswagen have some special rights in China

[@lalatubby4836]

here in china , the younger generations actually think VW is a chinese brand ! i think they had about HALF of the auto market at 1 point !!!

[@kibakobo]

Good Episode.. Love VW. Quality. Design. Can you do one for Bayer. And extended one on state of Monsanto , American agribusiness conglomerates. 15:35

[@user-xq8qx6bg2j]

❤❤Walmsley, eh❓Your undercover attire and demeanour belies your aristocratic sounding learned lineage.😅 Seriously, Kevin, this is another great piece of advice… only wish some in the beltway get off their hubris and hot air; not try to chop off the hand that literally feed our industries. Some uncommon sense is surely needed. Thanks Kevin🎉

[@happychappy7115]

Good to know some family history 😊

[@gustavl8009]

VW is in a tough spot. It's the most highly indebted corporation in the world (long-term debt of $440B as at Sep2023) and it's a little behind in EV tech. It is perhaps these difficulties that has nudged VW's foray into China despite strong opposing political headwinds. VW is de-risking by taking advantage of the opportunities in China, where the middle income population is currently estimated at 400m and projected to exceed 1.0B by 2030. Only time will tell, but I think VW is in a good position.

[@siamcharm7904]

best way for eu companies to de risk is to move everything to china.

[@famouschappi]

EV cars are being locked in. By allowing foreign companies to produce EV cars with 100% ownership ensures the future of EV manufacturing in China supported by a fully Businesses like VW will double in size over the next ten years. In ten years time, the EVs will be totally different in every conceivable way. What today is viewed as impossible will be the future.

[@leekinboo]

great

[@garyevergreen5035]

Cost reduction's the most important point of doing any business in this world.

[@donkruuz3903]

Every Chinese kid is told from young that it's ok to be at a disadvantage in order to learn a trade ... this philosophy goes far

[@jaytan915]

Smart business model.

[@road42]

Thanks a lot. I feel like im in Business school.

[@vivek1404]

I am also feeling like that.

[@Kwockie007]

Keep up your good work, Kevin. I rate you along with Martin Jacques and Kishore Mahbubani as 3 of the best advocates for international peace, whose contributions I happen to follow. There must be more whose works, I haven’t as yet come across. Most Westerners, especially the intellectuals, have great difficulty to overcome their conditioning and features of their DNA, to be more open minded to embrace the philosophy and thus behave in accord that as all human beings want to live and procreate, that they above all , be respected. We are all not born equal, but we are equal only when we are accorded Respect. It is a blatant lie to profess that we are born equal. That is the core reason we abrogate the practice to show respect. That in having to continually generate lies to cover the original lie, especially in the West, the concept of Equality is buried in the quagmire of lies. Showing Respect is a conscious Act, against which we can measure our belief in Equality. Then the arguments which the 3 of you propound, supported by your illustrations in facts and outcomes, will facilitate the pursuit of Equality. It needs a cultural change and as it is a process, will take time. Intellectuals, academics and leadership with compassion must lead the way. Politicians are prone to lose sight of the objective and deviate from sincerity for personal gains. As the axiom goes that power corrupts and absolute power corrupts absolutely, politicians are seldom the custodians upholding virtue.

[@mrclo_l0pz330]

1990 I moved to Europe and since it's just incredible how time flies, I ended up staying a whole decade until the year 2000. Pretty soon, probably in the first year already, I realized how terrible the Germans are with their immigrants and foreigners in general and since then I just CANNOT buy anything German.... and feel actually pretty bad if I realized later that something I bought is German. It always has and still amazes me. But I just cannot help it. Likewise, for a couple of months ago I just CANNOT get myself to buy something from Israel. But they don't need to worry much... I've always been a minimalist and consume basically only the necessary for the most part.

[@duinay3]

What really cracks me up is when I read comments from people in the US about manufacturing in the US 😂

[@samuel-louisbandy2542]

Are there any job opportunities with companies for Americans in China?

[@DanBurgaud]

8:00 VW ought to buy up some successful Chinese EV brands like NIO or XPENG! Then call the new acquisition: VIOW, or VWENG . . . . . . . . An Orange-Yellow VW Beetle was also our first car.

[@ivygeorge5342]

From Bangalore India

[@daffyduck4195]

Europe can't cope with fast changes in the automotive industry. They have set 2035 as the year to end ICE engines. China has set it to 2025. So there is a mad dash to EVs in China, leaving ICE cars in the cold. Europe suddenly can't export their ICE cars to the biggest market anymore and Euro car makers found itself unprepared for the EV change. In fact, except for the Norwegians and the Irish, the Europeans have decided to revert back to ICE engines, moving back to their own slow 2035 set pace.

[@bizhope007]

Who doesn't love a 'Herbie'?Mystical🤗🥰🥰

[@kibakobo]

Germans design houses are already employed / embedded by china automakers. Even Rolls Royce head designer works for Chinese automaker. Geely probably owns Volvo. Along with all her IP and engineering rights. I read VW only profit market is Chinese one elsewhere they are making loss. Apart from graphite and lithium your comment made me think how China owns ‘magnet’ market supply chain which are another critical supply chain component foe Electric Motors. 15:35

[@iamjordonbarnett]

How can you take advantage of this outside the manufacturing sector?

[@Mil-ql7gh]

The owner of the brand makes 5 to 1000 times more than the manufacturing company Like apple, Nike addidas etc.

[@mrzack888]

VW in the US not a good car. Constantly need repair

[@daffyduck4195]

I owned a 1997 VW Eurovan and a 2004 Toyota Sienna SUV. The VW felt like I was driving a 1960s car with sluggish steering and struggling to climb a hill while the Toyota was a comfort drive all the way.

[@user-xp4of2vu4r]

What we also own is a major portion of the world's debt and we really can't pay the piper. And, we spend too much money and lives in places we should never waste a second on.

[@johnyossarian9059]

4:01 "when American and European executives are here and work with Chinese factories we are equals at least" The problem is there are Americans in the American establishment that don't want to deal with China as equals

[@thehungergames8918]

VW 🚙 💪💪 😃✌️

[@tristanwuinchina]

Welcome all of the entrepreneurs to investing in China. there are the most diligent workers in the world, the supply chain for almost every industry ,and also the biggest consumption market .you don’t have to worry about strike or labour Union . The main risk you may concerned is that We Chinese are smart race.Most of able man doesn’t will to serve others the whole life. They may startup if ur business model is easy to operate. Therefore a fair interest splitting system may help you stablise ur team.If u already have special way to make it , there is no main issues left that deserve u hesitate to invest.

[@jubewjlim]

iii8iii

[@franciscomendez5793]

BYD viene pisando fuerte también, a ver cómo están las cosas con las marcas chinas emergentes en 5 años 😬😬😬

[@bellybutton6138]

My family test drive a BYD in Australia (all test drivers are given $20 LOL . what a generous marketing strategy). And no, we didn't test drive because of the $20. It happens to be icing on the cake. We heard the price will be going down so we are waiting for that discount to buy our first electric car!

[@seabedsand]

You can get 20$ for a test drive..OMG I have to complain about their double standards in China

[@nsng1298]

Grandma Yellen will complain to the WTO, this is unfair competition.

[@kibakobo]

Chinese are still playing nice, so far. They haven’t reciprocated the sanctions yet, in severity. Huawei, now TikTok. Won’t end well for American enterprises when they will reciprocate. Losing Chinese market is unimaginable for any business, that is the other part 18:33 you mentioned the Consumer End part. UAE, Saudis, are already BRICS member. Not sitting on fences anymore. Pakistan - 240 million Iran- 88 million. Egypt- 111 million. Almost half a billion Market. One of worst Environmental challenges, pollution situation in urban centers. Climate change is secondary for cities like Tehran, Cairo, etc EVs are existential now. Both cities rank highest in most polluted ones.

[@junizhao]

If they reciprocated the sanctions US has imposed on them, they would be as stupid as the American politicians/Elite!

[@CN_SFY_General]

Need more EV cars and solar panels for the cities with the worst pollution.

[@siamcharm7904]

retaliation is short term emotional strategy. smarter to sit back and play long game. let west become more and more dependent on chinese mkt, thereby increasing cn leverage.

[@skydragon23101979]

What you hear is noise from the political establishment of China to satisfy the domestic audience that they are not soft but otherwise US sanctions is helping the establishment accomplish her goals of made in China 2025.

[@kibakobo]

@@siamcharm7904 well. Not everything is dandy in China as well. And Chinese policy makers know that well. There are deep ruptures or fissures in regional politics of China. But end of the day President Xi is one Patriotic guy. Shortcomings aside, President Xi is A Proud man. And he is not shy of restoring the glory of Middle Earth kingdom (civilization). I personally could see the pain in his eyes 😂 when meeting with deplorable western politicians, yet he never let go control. Where west sees trees Eastern wisdom sees Forest. Chinese could wait for Taiwan - until America crumbles under her own weight. Red Sea, Indian Ocean, will be choked before Malacca, Koreans and Japanese can’t survive, net energy importer as they are, a week or two without LNG and Gas from Middle East.

[@michaelgothenburg364]

How to win? Social connections with the right people, nepotism and money under the table

[@hz240]

Sorry Kevin. I do not share the same opinion of German cars, at least in my personal experience. My wife's old Jetta (fully loaded), assembled in Mexico, is trash built from low quality parts. Literally everything fell apart including the trunk hinge and radio antenna, catalytic converter, badly corroded fender. I avoid VW at all cost. I am limited to overpriced ev brands. No chinese brands available where I am. No way I am prepared to pay 60k+ for a Tesla with limited range. Btw, I went to high school with a Don Walmsley. He became a BMW car salesman. Any ties? 😀

[@kibakobo]

What were Americans thinking When they welcomed Chinese in WTO 😂😂😂😂😂😂. We were probably in high school back then and had that common sense to see through it. British were smart enough to ‘manage’ empire for several centuries.

[@adamiskandar5107]

Do the Chinese business executives know that too? What would they be thinking?

[@junizhao]

They are 1000 times smarter than you can imagine!

[@dmitryreshetko9]

I'm 50 years old live in Russia

[@simonking3949]

But....but.... but we have the wall street!

[@kingchan8967]

Come to think of it, this has been the Apple model - leveraging China's cheap and efficient manufacturing prowse and does everything else by themselves. Well, Apple may have gone too greedy by switching over to India where the infrastructure isn't ready let alone the supply chain. Meanwhile, she also gets further behind in innovation and advancing the technology.

[@ielee1765]

If you can't compete & to win in China, the US or others has to develope & produce a niche & unique and not the same as the China cars. Similar example, LV handbags, Rolex watches, etc.. Think outside the box as the British called it or cooperate & work together with each others.

[@jeorge1153]

Your point is quite good. Stop crying over manufacturing capabilities, If China can produce items much cheaper, let them. At some point in time China will have to let go of some of its labor intensive manufacturing out. That's how things are. Work with China and the world benefits.

[@consciousplanet8887]

The quality of vw ev cant compare to the vw of yester years

[@ukchinese]

Just look at iPhones. China only makes about $10 from each iPhone they produce.

[@siamcharm7904]

that has increased greatly over last 5 years. all part of cn long term strategy.

[@DavidGBlair]

How much do American workers make? None. It all goes to the corrupt American ruling class.

[@jimhing]

Chinese companies Sunwoda and Catl are buiding battery nanufacturing plants in Hungry. VW could get their batteries from Hungry.

[@lalatubby4836]

vw camper 👍

[@michaelloong964]

Politics and business must not mix.Unfortunately the US politicians use politics to control domestic and international business operation. Hence the US citizens suffer as they pay high price for products that are cheaper from China. Now Germany factories are suffering because its government foreign policy upsets its good business relationship with Russia on cheap gas and oil imports. .

[@johnzhang9482]

Enjoy your show greatly. Benefit from your show enormously. One suggestion though: remove the text contents and replace them with your own words of summary. Because your audience is mostly busy. They probably listen to your show instead of watching your show during walking, driving, shopping, exercising etc.

[@rafa374]

SOON China will presumably learn not just how to make but how to SELL. The US is way better at every aspect of that. But the Chinese are highly intelligent and argue intelligently. They haven't mastered the skills of crystallising and presenting ideas. They surely will.

[@James-mc5hc]

When you lose God. You lose everything. Every nation that does not fear God will fall.

[@qake2021]

😃😃👍🇧🇷🇷🇺🇮🇳🇨🇳🇿🇦➕️👍👏👏

[@qake2021]

👏👏🇨🇳🇨🇳🇨🇳👍👍

[@terryl858]

The plus sign is just the beginning. Go brics

[@lastch8nce469]

Surely being self sufficient is a better strategy than giving all supply chains and manufacturing away to the Chinese. Is it not naive to think all will be fine when we are already butting heads with the Chinese and the Russians over Geopolitical matters?