Xiaomi just showed legacy automakers the secret to building EVs

[@electricviking]

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

[@groundreality5360]

Sam you never talked about EV penetration rate of Nepal 72%, energy generation is 100% hydro.

[@elinys2843]

That’s great! But when you say 72%, i guess that’s new car sales, right? I can’t imagine 72% EVs on any road anywhere any time soon.

[@hardi.howdy.983]

He would talk about it if he knew 😀

[@2012mpe]

​@@elinys2843 you can see very soon in China

[@garyrooksby]

@@elinys2843 Norway leads the World in EVs. 80% of new car in 2022 (!) were EVs and now 25% of all cars on the road in Norway are EVs. gas/petrol stations are closing down fast there.

[@rctezluh42069]

that is fantastik

[@dejavumagazine]

Have booked to drive an SU7 for a week in China next month. Can't wait

[@NiejakiDD]

Lucky you. But watch out - the SU7 is violent, it's easy to control on tight corners.

[@tommynickels4570]

Sadly, here in Canada we are living in a 2nd world country that is going off the rails. Now govt protectionism is keeping the Chinese out. We are stuck with legacy trash.

[@petrushka2]

You mean 3rd world

[@tommynickels4570]

@@petrushka2 soon. As unemployment kicks in. Amazing how much damage has been done in a decade with Trudeau.

[@freeskier64]

​@@tommynickels4570i thought you are democratic country. Complain with your vote.

[@Janez-h1e]

take it to the streets. Paying double for the cars was only possible in communist countries 40 years ago. Are you becoming one?

[@U2bealex]

...until they die

[@BarrettYT]

I'm really nit convinced that Xiaomi are selling that many, I live in Shenzhen, China, and I hardly see any on the road. I recently drove 5500 Kilometers from Shenzhen to Xinjiang and over the whole 35 day journey I only saw one of them. Meanwhile I saw many BYD's, AITO's, Zeekers, and others...

[@TheBooban]

No Teslas? Why do you think Tesla is getting beat in China?

[@StirfriedGerman]

I saw two Xiaomis in Zhuhai today. Looks small though.

[@StirfriedGerman]

​@@TheBooban there's plenty of Teslas, but lots more BYD and Aion

[@AlexanderSh-t9w]

It is local as always in China. In Shanghai all taxis are Rowie, in Guangzhou GAC. Xiaomi is a Beijing factory. So please check around there )

[@ChinaSongsCollection]

Wow! The Barretts!!! Haha! Didn't expect to see you here😊 Haven't been on your channel for a long time. Hope all is well. ( I guess it means your next video's going to be in Xinjiang? I might have a look when it's out 👍 )

[@richardwatkins6725]

Amazing package of all the latest technology at mass production prices. That lean and agile approaches learning from and leap frogging Tesla.

[@saleh45251]

I'm not a xiaomi fan but more of Huawei fan...this is xiaomi's new mobile phone manufacturing plants which can produce 10 million phones a year: There are no humans working the new Xiaomi production lines - this new Smart Factory is 100% automated. Indeed, the company says the system is smart enough to diagnose and fix problems, as well as optimizing its own processes to "evolve by itself."

[@serpserpserp]

Xiaomi are not just a car company. They can leverage everything they know about making consumer electronics and all the other stuff they do into building automated factories. They probably stand these factories up cheaper than anyone else in the industry. They also have brilliant cash flow from their other businesses and the all important Chinese subsidies. Still remarkable that they have pumped out a good car quickly. But they have R&D and a superior skill set that, well, I don't think any other company in the world outside of Samsung could be comparable (will we get a Samsung EV?)

[@Thorocious]

lol - we will NEVER get a samsung ev

[@JasonLowderTheRanga]

I think that is key. Xiaomi are already vertically integrated. For a long time they have been building mobility products (scooters, bike and the like) as well as other tech products. So they get the vertical integration immediately - they don't need to build it up. A brilliant move for them.

[@TheBooban]

@@JasonLowderTheRanga I don't think there is much you can borrow from scooters and bikes to put in an EV car for vertical integration.

[@dporrasxtremeLS3]

I hope Xiaomi comes to Mexico. If they do is there any penalty to US buyers to buy a Xiaomi there and drive it back to the US???

[@yankeewog]

Dunno about Samsung but now that you mention it, I'd love to know all the real reasons Apple gave up on EVs

[@senti2175]

It's because of the fully integrated supply chain in China. That's why even American and European companies still manufacture stuff in China despite the looming threat of new sactions.

[@verypleasantguy]

Actually, supply chain is not that important. Tesla's success tells us without supply chain, one can still do whatever one wants.

[@danharold3087]

Tesla is manufacturing in China not only because of the supply chain but also because they sell a lot of cars there. Low manufacturing cost makes it Tesla top hub for export.

[@thyristo]

aka: high vertical integration

[@Joe44944]

I watch lots of videos by Brighter with Herbert, his buddy Jeff Lutz constantly gives me a lesson on supply chain which he’s an expert on, basically in the US and even European auto industry Tesla’s vertically integrated manufacturing is kind of one off others can’t even come close that clearly shows it’s not that easy a feat to pull off, ppl think companies make things in china/Asia because it’s cheaper big misunderstanding the truth is multifaceted they are very good at supply chain which is crucial plus harder working, longer hours and a can do attitude, so tr*mp’s make America great again bring manufacturing back to the US l think is largely a pipe dream this ship has sailed.

[@verypleasantguy]

@@Joe44944 I concur

[@eddiegardner8232]

In the past, cars have been "designed" to be built by hand for the very rich. Then they were designed to be built by hand on assembly lines for everybody. Then built by machine assisted hands on assembly lines for everybody. To make them affordable now, future cars need to be designed to be built almost entirely by machines. It doesn't work if you pay UAW workers $100/hour to build cars to be sold to hamburger flippers who make $12/hour; volume goes down, overhead cost per car goes up, then in comes China, doing it right, and you are out of business.

[@CheeseLovingGuy]

I have followed EV for maybe 18 months now. I don't drive anymore. But the whole renewables world is fascinating. It moves so fast. Idea after idea. Development after development. Plus i get the economics and geopolitics thrown in to - which are a critical part of the developments. Such fun.

[@yankeewog]

That's me too. 18 months, love the tech, scared of the geopolitics. Only difference is I never owned a car and I'm nearing 50 😃 80% bicycle for me and the rest is public transportation and the odd taxi.

[@chilzone966]

It's not about building the machine, but rather about building the machine that build the machine.

[@FreaksSpeaks]

Elon?

[@t0dd000]

EVs are so much simpler to produce. The difficulty lies more in compliance with safety regulations and in that battery pack. But even now, that battery pack is being commoditized. Cars can now be produced by all those computer and phone makers out there (example, Xiaomi). The big auto makers are going to be competing with thousands of new manufacturers now. This market is going to get crazy and the prices are going to plummet. And it is all going to happen so quickly. Just wait. They'll figure out how to produce a car at less than half the price of a legacy car maker where even with that 100% tariff, the car is still cheaper.

[@kindface]

And the consumers win, as they should.

[@marcariotto1709]

​@kindface Don't forget 100% tariffs can quickly xx, xxx+. The consumer gets whatever the very unfree market gives them after all the games are done. Big oil and legacy auto have their heads so far up their @ss=$ and are still so stuck on their old capatilist paradigms that it's almost garunteed they'll follow the old fashioned failure models of protectionism while they fall behind. This will work for them again as in the past, mainly because of our geographic isolation and our military superiority, but it suppresses and retards competitive advances. Fortunately, the world is small and heritage industries are somewhat forced to play keepup or die. End result, most consumers must take high interest loans to buy overpriced cars that most can no longer maintain themselves. American drivers or consumers match our socioeconomic spectrum which is a shrinking band of "winners"! From a $ perspective it's a rat race! From a historical perspective, cars, transportation and nearly everything material in life are the best they've ever been and getting better, but people don't generally perceive that communal historic win individually so our transport is more a necessary utility burden than pleasure article. We are living through the biggest fastest evolution in personal transportation since the horse and buggy went away. Cars without smart control capability will not be allowed on most cartways relatively soon. Sure would be nice to see America lead this instead of dragging our feet!

[@t0dd000]

@@marcariotto1709 I suspect that tariff isn't permanent. And, of course, at least in the US, there is some question about Chinese electronic products and security. As for big oil ... It is an only marginally capitalistic sector. It is heavily subsidized.

[@henryhymc2709]

EVs are easier to build but alot more harder to manufacture comparable batteries & self driving tech against the competitors. These 2 area is where western legacy automakers are stucked!

[@marcariotto1709]

@t0dd000 Yep, the tariffs come and go in waves, and the timing is rarely close to optimal. Subsidies, Oy vey! If only they would start/stop and adjust them properly too!

[@garyrooksby]

I love your work, Sam but one car rolling off the production line every 67 seconds doesn't mean it takes 67 seconds to be built! That's the throughput only. Impressive figures this early nonetheless.

[@StephenKing1000]

4:23 in...."it's far from a money making division but it's not that far away" - quote of the century 😂

[@robertwang7825]

Xiaomi is a very promising and strong company that produces excellent quality products. I have bought their products , they last for 12 years and it’s still fine. They are well managed. Even I want to buy a Xiaomi SUV next year. The rise of Chinese auto for sure, some will fail , that’s called competition.

[@WobblyRon120]

Please check your facts here and explain when Xiaomi launched their first car. Context is everything.

[@robertwang7825]

@@WobblyRon120Before they started producing cars ,they use to and still do produce many things from TVs, mobile phones , projectors etc. They have long experience in producing high quality products. So their name is not a stranger to Chinese consumers.

[@WobblyRon120]

@@robertwang7825 thanks for your reply. I'd never heard of them until now. I'll accept your opinion and follow their progress in the car market with interest.

[@johnaugsburger6192]

This is all happening very fast. Amazing

[@jasoncross3513]

Great vid I haven’t commented for a while but love your work, only problem jealousy I’m in UK 🇬🇧 and we not getting these cars yet.

[@Aggie4life77]

This whole care market is about to get real interesting over the next 5 or so years!

[@geoffhemingway3926]

Until recently I worked in the car industry here in the UK and the company I worked for were building a car(ICE not ev, but they have a lot more parts and processes than EV's do) in 82 seconds which is quite normal in the industry. Xiaomi is not unusual in this.

[@stevenbarrett7648]

That's interesting to know, didn't realise they popped them out so fast. I guess the Chinese do it faster due to new technologies in the build process plus they make the bulk of the car components in-house so no long supply chains that can be upset by OEM's.

[@geoffhemingway3926]

@@stevenbarrett7648 Yeah, it takes about two days from start to finish but if you imagine the 1st car starts moving and the second one is immediately behind it and so on. So a car rolls off the end of the line very quickly. We were building about 1000 cars per day excluding weekends.

[@havencat9337]

yea but Xiaomi just started...this old farts have been building them for many many years.

[@geoffhemingway3926]

@@alko_xo A maker of luxury SUV's?

[@geoffhemingway3926]

@@alko_xo Yes. Very much so - at the moment!

[@sanohajian3174]

I purchased a Xiaomi smart phone a year ago at the same time my wife purchased a Samsung smart phone, hers cost 3 times more than my Xiaomi and mine has better functions and works faster. I will not go back to Samsung phones and she will not either. We are in the market for a new EV and as we can import them here in Armenia duty free, I am looking at this Xiaomi EV, thank you for this video.

[@dporrasxtremeLS3]

I hope all goes well with this purchase. Exciting!

[@eclecticcyclist]

If you design a compelling car and price it coompetetively it will sell in big enough numbers to make it profitable. Legacy auto makers don't design compelling cars and over price them because their manufacturing systems are inefficient so they can't reach enough numbers to make it profitable.

[@MLF-kq8ut]

Once Chinese EV companies start to consolidate and reduce their need for labour to pump out these cars, I really hope they turn their innovation and skills to developing factory-built, solar-powered off-grid modular homes for export. China is really the only country genuinely dedicated to fixing the obstacles for normal people to live a more sustainable life without going bankrupt in the process.

[@ianjco60]

Make sure you upgrade the brakes before a track day, including steel pipes

[@thyristo]

Remember when some pretended that there are big issues with the su7 in the beginning...that toned down quickly. 🤣🤣🤣

[@hardi.howdy.983]

He proobably doesn't even realise that he has pivoted 😁

[@jayziac]

Chinese R&D also tends to re-use, rather than re-invent a lot of what exists already (you could say they copy existing tech cynically). Assembly robots, Giga-casting, blade batteries, these are all ready to be re-used in EV manufacturing. Let the CATLs, BYDs, Italian Gigacasting, and other specialties companies improve their areas. An EV manufacturer does not need to 'redo' those parts. Very little capital is wasted on PhDs and managers who want to do things 'their' unique way (like Rivians & other wasteful western EV makers). Chinese EV makers just focus on optimizing and bring their unique vertical integration to the table. Western companies, usually are better at innovating, because they just need a few research projects to create the next big hit, while most can fail and be written off on R&D costs. Same with the Chinese ebike industry, they all share common platforms.

[@johnlaw6735]

Legacy carmakers don't seem to want to get the EV revolution going because they would actually have to spend the BILLIONS in subsidizes they got and their shareholders will be mad because they're getting a better ROI...that is what it comes down to. Audit their books, i'm sure they'll find some very interesting accounting.

[@caldodge]

The praise for Xiaomi is hilarious. At least one model embeds encryption keys in its headlight bulbs. If you replace them with non-OEM bulbs, the car will no longer receive OTA updates.

[@bencarignan2711]

That's crazy and a deal breaker.

[@ralphzoombeenie2330]

The source of your information is ???

[@jimjolly4560]

@@ralphzoombeenie2330Louis Rossman did an article on this.

[@famousraperandrapperkriswu656]

This sounds like Apple's modus operandi ......btw, the Xiaomi SU7's headlight replacement costs 5,000RMB, considering an unlucky guy in my Audi A7 user group paid 150,000RMB to repair his car's two headlights ...... Good thing the insurance paid the bill in the end.

[@recurvearcher6542]

Hi Sam, Thank you. You said over a year ago that EV technology development will not be years away but months. We all sat here, including me, thinking your nuts. In our defence, that was normally accepted in ICE, which we grew up with, after all the last 116 years. This development speed is truly incredible, an even bigger shock must be to ICE manufacturers trying to catch up. How do you think the general public will accept a car called Xiaomi and not Holden? Most of us can't even pronounce it correctly.

[@jackbleiham8475]

Never mind, Xiaomi is such a 😎 name, not like Holden

[@Thorocious]

Many of us have known Xiaomi for over a decade now. We would not have a problem paying for that car if its better than everything else. And this price range it certainly is looking better than all of the competition.

[@t0dd000]

It's moving so quickly simply because EVs are so much simpler compared to gas vehicles.

[@rais1953]

When Hyundai came to Australia we couldn't pronounce it. The Yanks still can't, they call it Hun-die.

[@garyrooksby]

It will come with practice. In addition, they buy up existing well-loved brands such as Volvo and MG. They don't care what we call them as long as they sell and they make the money 🙂

[@KMASIF-mi9yj]

The fact is, you can't even accuse Xiaomi of child labor in this case, as most Westerners do, because they make 1 car in 76 seconds without a single human worker😊

[@WilliamFiler]

No, I can only blame Nixon and his Globalists who stole American plants and moved them to China under Wall Street guidance.

[@noeltwomey285]

Child robots 😊

[@spadeysay6846]

It doesn't matter to those out to demonise China. Facts are irrelevant.

[@zes7215]

wr

[@familiahh5146]

@@noeltwomey285😂

[@mefobills279]

China already makes farm equipment at 1/5 the price of western equivalents. Next up is airplanes. They already own the supply chain for pharmaceuticals. It boils down to state credit (not private banks) channeling into industry and the commons. Xiaomi has leveraged Chinas supply chain, which was planned by civilizational planners. They tend to cluster industries in cities or zones. Cars in one area, farm equipment in another, airplanee and aviation in another. You cannot compare apples to oranges. China has a fundamentally different national socialist like economy and is permanently efficient.

[@glenmcneill1675]

There are a few issues with the MI car, like the AI will respond to voice commands when parked. “Windows down” and you’re in. I’m sure they’ll fix it quickly. It looks gorgeous!

[@luckylenny]

Sam, you're 100% off on Rivian's losses. Rivian does not lose $50k/vehicle. It's around double that. Specifically, taking quarterly GAAP loss and dividing by number of vehicles sold, Rivian's GAAP loss per vehicle is clearly over $100k per vehicle… not the nuanced $30k loss rivian claims or $50k you're citing: 3Q23 - $90k/vehicle 4Q23 - $107.4k/vehicle 1Q24 - $103.0k/vehicle 2Q24 - 105.7k/vehicle

[@datianlongan5567]

In North America we don’t have the luxury of designing a highly automated factory because of labor contracts

[@gregarnot5066]

1968 I worked summer job on GM assembly line We made 40 Chevrolet cars per hour Chevrolet got six rubber cushions between body and frame. Pontiac got 8

[@stevenbarrett7648]

I wonder what the price will be here in the UK ?. If they get the true range to 500 miles it will be a blood bath over here !. Not only outselling any other car (including Tesla) but also decimating the on-route charging Companies, everyone will refuel at home.

[@hardi.howdy.983]

Everyone? Many live in flats, like me, so can't refuel at home!

[@stevenbarrett7648]

@@hardi.howdy.983 You don't have a petrol station at home in your flat either, go to the commercial chargers, cheap overnight or Aldi, free, lots of choice all cheaper than diesel or petrol with the added bonus of not killing anyone with toxic emissions, bit of a bonus eh !

[@hardi.howdy.983]

@@stevenbarrett7648 I do drive a BEV, what made you think I have a diesel or petrol? 🤔 But no free or cheaper charging anywhere in London where I live!

[@stevenbarrett7648]

@@hardi.howdy.983 London? nope never heard of it mate !. Check out your local Aldi, assuming it has a car park, might surprise you!

[@borshardsd]

Great content Sam! When you say "if they are willing to pay the tariffs". Does they refer to the company or the American people? I thought the people pay the tariffs. Will go school myself.

[@CalvinYzerman]

Amazing. Hopefully they well set up a plant in Mexico.

[@dadanomadi834]

A great deal of the cost of legacy carmakers is wages and benefits. They don't invest enough in new tech to produce a more efficient process because of labor.

[@dougsheldon5560]

I just watched another video that says they're losing 60K. No one has repealed the business cycle

[@thomasrogers9146]

A LOT OF AMERICANS THINK THAT CHINESE GLOBAL TRADE DOMINATION IS ONLY GOING TO BE IN THE EV CAR MARKET.. THE CHINESE ARE NOT STUPID TO PUT THEIR EGGS IN ONE BASKET..THEY ARE FOCUSED ON THE ENTIRE ADVANCED INDUSTRIES.

[@paulb1951]

Are you ok? You appear a bit stressed. Are you worried about China failing at their ambitions?

[@justforthehackofit]

sucks when your Chinese keyboard gets stuck in all caps

[@ctrlz4439]

Yes, but there will be a pushback and competiton. Anyway western economies will have to adopt.

[@t0dd000]

Please stop shouting. Dear God.

[@zes7215]

wr

[@szym86]

The sport model from Xiaomi looks really cool and drives like Plaid

[@pgale]

All these so called tesla beaters while good value the big thing No One can beat is the software Tesla has the monopoly in that area which gives them such an advantage.

[@dporrasxtremeLS3]

Interesting how Xiaomi can do their work arounds on the software improvements! Go Team Xiaomi!

[@pgale]

The car looks great I'm just suspect of getting parts / warranty etc: and the re sale value will be horrendous. FSD Tesla's has will the standard everyone else will have hard time catching up.

[@LucDesormeaux]

It's impressive that they can make a car without a human being involved. The problem is, when everyone does the same, and no humans have jobs, who will buy the cars?

[@stevenbarrett7648]

Rich Robots !

[@danielstehura9657]

This is the First Chinese car that appeals to me! Or I will buy a MYLR Juniper in December 2024 in Thailand I hope it has a 400 mile range CATL Blade Battery!

[@plau2007]

Chinese companies in the EU want to sell cars as they sell smartphones. The main problem is that they don't invest in car repair shops.

[@kenlek869]

EVs are pretty low maintenance compared to ICE cars as long as you don't hit something while driving. The electric motor is much simpler and way more reliable than an ICE-no pistons, spark plugs, engine tuning or engine oil - just tyres and brakes and brake fluid. Motorists will save lots of money, but repair shops and mechanics will lose income.

[@plau2007]

@@kenlek869 And ... if an accident happens ? You send the car in China? Plus ... look at Xiaomi presentation. A lot of sensors and electric motors. A lot of parts that can break.

[@WarmheartedKyubey]

@@plau2007 How we fix phones is the new way to fix the car in the future. And it's reasonable to send the car back to China. Do you know when most cargo ships sail back to China, they are half-loaded or even empty. The cost of shipping something from Europe to China is much lower than shipping from China to Europe.

[@plau2007]

@@WarmheartedKyubey And meanwhile they will give you a new car? Or you will wait half of the year for your car ? Xiaomi just invalidated the warranty of my smartwatch because of some scratches ( the screen doesn't work ). What happens if after 6 months they will send back the car because it is your fault? To whom you will complain! US navy?

[@NiejakiDD]

Thank you for this comment. The Chinese proved that they are very well organized, and keen on streamlining all the processes, like the Japanese and the Koreans before them.

[@TAL142]

It would be so much fun to test all these EVs if you can rent them when you travel to China.

[@ohlangeni]

Between the Xiaomi and Xpend G6 which one is better?

[@TUHANbukanorangARAB]

The Secret Sauce is THE BATTERY.

[@ladygracienyc2029]

It's not a secret since they source their battery from CATL and BYD just like Tesla. Western automakers just too stupid to copy the successful EV companies.

[@jefflethuman9794]

How honest is information from China?

[@WANDERER0070]

Watch Jerrys take on China 😊 or Reports on china or fridayeveryday

[@document6]

2:11 Sam Rivian just went profitable with R1 second gen they USED to lose $50,000 actually I thought it was $80,000 per vehicle but they are now profitable!

[@NZherewecome]

Xaomi might be new to cars, but they are already a giant in China. Drones, phones and many more. They have most of the tech already sorted.

[@robt2151]

I have recently acquired a Xiaomi air purifier - it was one-third the price of the German market-leader. The Xiaomi seems well-built and works fine but the app is excessively intrusive in terms of the info it requires.

[@willeisinga2089]

China EV Cars, Batteries, Heatpumps, Wind and Solar. Rocket Science, Chip Production, BRI Roads Rail Bridges Hospitals Schools. In Addis Abeba China created a Friendship Park of 32 hectares in the City. Have a look.👍

[@ShahryarSaigol]

Electric cars have far fewer moving parts. Prof Tony Seba predicted this more than 10 years ago. The legacy automakers are still trying to "convert" ICE cars to electric by converting existing production lines. They are IBMs in the age of PC Compatibles.

[@GL-GildedLining]

Wild times! In some ways it makes me think of Hisense TVs, which I actually think are more vibrant than competing Sony TVs, but they have backlights that burn out quickly. What will be the Achilles Heel of these Xiaomi cars, I wonder? Maybe nothing! Maybe they're going to dominate the EV market, or at least flood it in the same way that Korea's KIA and Hyundai cars did over the past decade. We'll see pretty soon!

[@rtbear674]

Does it look good? yes Is it affordable? yes I don't see why not. I'm more to the BYD Seagull one if I just want a functioning car. but SU7 really looks good. Do I care about car looks similar to x? I can't even differentiate between suvs or sedans if I don't see the logo.

[@baysidephotography]

They don't "lose money on every car they make" - they make a profit on every car they build BUT they have a huge R&D debt to offset (which will take X months to repay). Subtle difference.

[@document6]

4:32 Sam Rivan lost $1.5 billion bc they were retooling their factory for gen 2 R1 which are now profitable as a result of the retool They are focused on R2 next which the $1 billion upfront investment from VW will give them the cash to set up production of R2 ($4 billion more expected we’ll see if VW pays it) … R2 is designed to profitable from day 1

[@amandagrant4331]

I like Xiaomi EV

[@famousraperandrapperkriswu656]

If you feel doubtful, puzzled, sceptical about Xiaomi, please make sure you check out Lei Jun's annual speech in 2024 (which can be watched on youtube with simultaneous translation), and you'll understand where Xiaomi's core competence lies, and that's that they really go for the user!

[@MegaTonyng]

What happened Sam? No longer solely propping Tesla and Elon Musk.... 😂😂😂

[@ianstirling6015]

Kind of looks like we won't be allowed to buy superia Chinese cars in the near future.

[@jerrypatel6241]

but this car not good braking system

[@famousraperandrapperkriswu656]

Don't let the rumours fool you, there is no problem with daily use unless you drive on the track every day!

[@kevinmcgrane4279]

These look like great EV’s, yet it may be years before we see them in the US: manufacturer & labor protection. Legacy incapable of competing, so they rely on protection (which the rest of us pay for). It’s a difficult situation.

[@MASMIWA]

So much for US EV. The US cannot be cost competitive without the volume and their pricing in the US will make them unaffordable elsewhere in the world. The US is losing a less expensive way to transition to green energy by denying Chinese solar, wind, and now EV and EV batteries into the US without imposing extreme tariffs that prices them out of the market in the US. Add to that handicap, the fact that the Chinese have banned things like graphite, cobalt, and silicon wafers to their restricted export list to the US and you have a case where Americans can no longer afford a car, let alone an electric one.

[@JorgeLausell]

Xiaomi shows that every 1st world nation and many struggling ones can build an indigenous EV industry. Every major Australian University could spawn a EV company or two. As a way of copying Chinese support of EV and SWB industries. They made low interest loans with selected grants available to spinoff companies cultivated in University and R&D cities. Where are the Australian, Ukrainian, Washington State battery companies going up? Eat your own dogfood, as they say, buying domestically produced EV/SWBs, providing for national-regional security energy wise, while doing the initial innovation, until economies of scale kick in, then focus on exports. It'll take decades to buildout a mature, optimally distributed global market for any of those products. There are decades yet for the drama that will be the story of how and who emerges as major shapers of the industries to play out. Getting serious about transitioning to sustainable energy means actually thoughtfully planning for the transition, no longer giving those that are actively hindering, protecting themselves from the disruption, a pass. We need to talk about retooling, retraining, repurposing labor, equipment, and space. We kickstart the next build up. Had you all gone all in on EVs and SWBs when I first brought it up, triggering this same predictable dismissive attitude, you do now? There'd be at least a few EV models being produced in the 250,000/year runrate range. Maybe cities would buy neighborhood sized batteries by now. Think out what it means that the investment capital wasn't made available in the freemarket west. It was made more expensive. It wasn't that the skilled labor and supply chains couldn't be organized and made profitable, it was that financiers, economic planners, their sponsored politicians shunted money toward financing approaches limiting innovation through collusion in a shortsighted bid to milk current cashcows whatever the cost to others. Spawns a normalization of a bully and grifter corporate-culture style that has been generalized throughout the economy. Xiaomi shows that 18 months is what it takes to setup a credible go at a successful EV company. Unless you're saying that the Chinese are uniquely qualified for such accomplishments? I'm sure I brought it up 18 months ago, pointing out I had brought it up 18 months before than too. What's it mean to argue our own limitations? The question we need to be asking is how.

[@TheFeist77]

how much of our prblem in america is money going to C suite jobs and stock holders.

[@sunrizes71]

These companies all take a lost bottom line for all electric vehicles sold.

[@brendanpells912]

Why didn't you include Tesla in your list of car makers being embarrassed by Xiaomi? Tesla are the legacy EV maker.

[@krause79]

Because Tesla Shanghai is manufacturing millions of EVs every year very efficiently at a competitive price and making profits

[@alexkleine9737]

Sam, I'm curious what your definition of "Legacy" is for this video. Lucid and Rivian are certainly not Legacy automakers. Ford I would agree is certainly falling under Legacy, VW, Volvo, Chevy/GMC Honda and Toyota sure.

[@jwkbix]

Check the availability of spare parts. I bought a Xiaomi electric bike last year. It's been off the road for the last 4 months because it needs a replacement part, and there is no stock of this part in Spain (where I live). I would never buy Xiaomi again after that experience.

[@williamdierick]

This car looks great and promisesa lot. But.... this car has serious proven quality issues! So no thanks, a bit less propaganda Sam would make your channel more credible.

[@dporrasxtremeLS3]

Did the Xiaomi leave you stranded???

[@famousraperandrapperkriswu656]

Yes, this car has had the FLG channel updating a dozen videos to discredit it in less than two months since its release ...... Yet the SU7 outsold the MODEL3 in China last month

[@Barry-l1x]

If it seems to good to be true than it normally is.

[@barryneild379]

*Can we not quote "Tesla is the biggest seller xx"‼️* It is such a misleading and distorted statement‼️ The only reason Tesla sells more is it because Chinese cars are almost banned in two of the world's biggest car markets: United States and Europe, (and Tesla can still sell in China and taking market share from the Chinese car canceled the only big market Chinese car can sell) so you got a double whammy.

[@ski1749]

Nice blue for their cars. It says its a xiaomi instead of what brand is that?

[@TheCostofAutism]

You have things backwards it’s not that Ford doesn’t want to sell more EV’s because they lose money on them. It’s that they lose money on them because they don’t sell enough. If Ford were to somehow magically be able to increase their sales about fivefold then they wouldn’t lose money anymore, but they can’t.

[@PakistanIcecream000]

It's because China has a fabulous manufacturing base for desirable goods.

[@autoselectricos-americalat9276]

Xiaomi and Huawei were able to do what the failed Apple Car promised: turn a phone company into a car company. And because Xiaomi and Huawei are a tech company they will be able to compete with Tesla in both autonomous vehicles and robotics.

[@johnmiranda2307]

Bye, bye PETROdollar. Hello, RMB. Australia will be the first Western province

[@MuddyM]

😂

[@100c0c]

Oil demand will still be here. Even in China the growth is still there. Only slowed 😂

[@danharold3087]

The PETROdollar is being replaced by wind solar and grid scale batteries.

[@Ausijoeblow]

It’s well known that we are the additional states of America 😂

[@serpserpserp]

I for one welcome our new overlords.

[@justicedemocrat9357]

I'm getting one as soon as I can before xiaomi figures out that they can probably charge an extra $10-$20k and ppl would still buy it.

[@grahambrown42]

Tesla is down to 30 seconds in Shanghai

[@reeceagland1980]

It's called dumping and is anti-competitive and designed to put others put of business while being supported by government. The difference is government support.

[@aomurdock]

Oh, you mean like the type of support that US OEMs received from the US Government via multiple bailouts!

[@passby8070]

1:13 It's call papaganda and controlling the narrative. While the less informed and gullable would believe what their political establishment, the one with just a little bit of commonsense would see it for what it is. what US and China has done is the same, but Chinese are getting their value with their support, the the majority handouts in the US goes into fat cats bank accounts and consumers that that pays for the subsidies has pay more for s_ity cars.

[@peacehippietrollster1120]

Lucid rename to flacid

[@pcaddict66]

Chinese EV car companies are getting massive subsidies from the CCCP. That is how they are absorbing R &D faster than legacy makers. It's that simple.

[@alanbgtan]

So do every other countries. US subsidises the many factories in Arizona but to their floundering semiconductor industry. Not only that, Biden promised USD52billion but only Intel got some subsidy as US cannot afford anymore

[@TheChipMcDonald]

It's not subsidies, it's a communist system - it's a nice illusion of "companies".

[@ladygracienyc2029]

Tesla been getting massive subsidies from the US govt for over a decade. Ford and Gm wasted all their earnings on dividends and stock buybacks and poorly spent on R&D wrong battery tech.

[@ericrawson2909]

CCP? I read your comment as the Soviet Union! CCCP Soyuz Sovietski Socialisteechecki Respublic.

[@stan8926]

They must. All that trade surplus has to go back to invest in the future. Or you prefer they stash it in the bank? It is not like they have to borrow 35 trillion.

[@mikafiltenborg7572]

Wake me up in year 2080 when Lucid Motor make profit selling EV's 😂😂😂😂

[@168tsai8]

Xiaomi also losing thousands of dollars for each of their EV sold. Just to buy market share, which is unsustainable.

[@RAAAAAAHHHHHhh]

When I ordered my Taycan from Wish.

[@BGS_123]

Xiaomi built the wrong car. We don't need anything like that. We love Xiaomi brand for the good performance and sweet price. The car is overly complicated. We need an essential hyper efficient and practical vehicle for everyone. None of that nonsense

[@tedchandran]

Jai Hind. We Indians had made sure that Xiaomi will pay us back.

[@Truthstelling]

Lots of businesses are moving out of India due to its dirty policies towards foreign companies. India waits till companies who have established in India, he then makes up some ridiculous laws to heavily punish foreign companies.

[@johnsmedley8843]

Can someone build a VW sized polo, for £15k , 300k range, no stupid touch screens.

[@blaydCA]

Robots building robots building cars. Soon only Robots will be buying cars since everyone else is unemployed. LoL

[@jaaklucas1329]

How do we deny technology? This is our existential crisis. A very brilliant engineer said "I dont want to be the one who builds the robots, I want to be the one who builds the robots that builds the robots"!

[@listerine-pr5lt]

In comparison with Chinese cars German cars have high maintenance, high price and low efficiency which are good for nothing in particular. On the bright side German people have several vacations to visit abroad annually to get rid of the boring German weather.

[@lumtavon1952]

What if the volume goes down a little bit! The loss GROWS! So let's wait & see before owning a car of a bankrupt company. Export for sure will be difficult with extra transport, duties & representation costs. Deep pockets required to make it as now too many Chinese EV makes exist.

[@danharold3087]

More likely they are talking about the margin per car w/o taking operating expenses into account.

[@serpserpserp]

He is either talking about the consolidated entity or Xiaomi can assign COGS/Opex/Capex to other entities outside of its car division.

[@killmongerwasright]

Starting to think he works for the Chinese govt

[@duriancacaoboy964]

The massive economies of scale of Chinese EV are mind blowing. An astute observer outside of china is completely blinded. The labor costs of unskilled auto workers in USA is so ridiculous. BYD is the biggest in house maker of most components. Factories in Detroit USA are overburdened with ignorant, no moral staffs, who also have no idea of what respect is. They complain when working over 40 hrs, yet if they receive double or triple overtime pay then they work. Usa car quality is garbage, the saying goes ; garbage in garbage out. Ford, GM and stellantis have no future except a merger of sorts.

[@ocyogi]

Maybe the numbers are not accurate? Are these audited financials?

[@thisisnumber0]

Pease.....STOP SAYING GUYS, it's more irritating than itchy piles in asbestos underpants. PS, anybody buying the first car built by a new manufacturer is off his head.