In mere 3 years, China became the world’s #1 exporter of cars and the growth continues. Who’ll be most affected?
https://i.redd.it/uz4rq9jbuo5e1.png
by DrMelbourne
In mere 3 years, China became the world’s #1 exporter of cars and the growth continues. Who’ll be most affected?
https://i.redd.it/uz4rq9jbuo5e1.png
by DrMelbourne
33 comments
The poor bastards with broken skulls from a single sudden braking who made the mistake of buying one.
Imagine buying a chinese car and the first thing you hear when you start the car is “ze blutuf devais iz reazy tu payr”.
Unsurprisingly the other names on that list, chiefly Germany and Japan!
Don’t underestimate the effects on countries that make a lot of terrible cars for domestic consumption like France and Italy.
“Glas half full” case
China shoot up , but situation not that bad for the rest..
Protectionism doesn’t work apparently for this sub doxa only.
Germany and Japan probably.
That’s easy. Due to sanctions, they are main exporter to Russia.
Brazil or Mexico just want cheap cars and those Chinese cars are cheap.
In those countries safety of the car or quality is less important. Simple as that.
Those BYD vehicles are everywhere, came out of nowhere with no obvious advertising campaigns
Yes, when state steps up and heavily supsidises every link in supply chain, and pays for a lot of expenses like hiring talent – resulting product is cheap. Cheap labor and, afaik, poor labor protection laws, also come in play.
Man, ze Germanz really did a 120% job… they handed them the entire car industry hand-over-fist, what China hasnt already stolen thru espionage they got handed for free AND got to buy KuKa on top of everything. Now Volkswagen couldnt sell one of their shitboxes to save their lives in China anymore
Seems to be part of a grand framework that has worked out well for them
Spend decades securing access to critical minerals at home and abroad, expensive investments upfront and were roundly criticised till now but should work out in the long run, alternative is shunning extraction at home and relying on all kinds of countries abroad, who would do something so silly i wonder…
Give a blank check to all kinds of industries notably battery and car manufacturing and stay on top of it
~~Work hard and see how the results pan out over the next few years~~ spit out your drink in excitement as your competitors impose heavy targets and penalties on their own industries that just so happen to give you a massive advantage without even having to ask, spy or kill for.
‘But, but, but… consumers don’t want electric cars’ ‘See, consumers want PHEVs’ ‘Consumers want highly specced cars’ ‘The combustion engine is not dead’ ‘Here, buy our hydrogen car’ ‘Synthetic fuels are the future’.
That’s a recap of some of the reasoning I’ve heard over the past 10 years coming out of the Western car manufacturers for not producing affordable fully electric cars. So, is it wrong of me to feel a little bit of schadenfreude?
Europe. All major European brands have either moved their manufacturing to China or they’re being pushed out of the market by those who have, including domestic Chinese brands. Your average consumer cannot really tell the difference in quality between a good and bad car, they just want something that lasts 5-7 years and then they’re off to the next one.
they “exported” them alright. there’s thousands and thousands flooding parking lot buffers just outside Belgian harbours because there aren’t actually buyers yet.
sure other car brands do that too, preemptively sending more cars, create stock to anticipate upcoming increase in demand (as oppose to say waiting well over a year for your preordered Tesla to be shipped.) but not at this scale. they’re crashing the market with wave after wave of underpriced models. and it’s working. EU and European car brands are stuttering and sputtering, playing catch-up
Germany
China really boosted their exports during covid. They kept themselves busy.
How should I know? Based on this graph, I can only see that Germany and Japan are slowly recovering, while Korea has been stagnating over the last year. It also depends on which market China is targeting: Russia or other lower-cost markets, and in which segments they can rival German and Japanese cars—economic, luxury, or SUVs.
We also don’t see the profits they are making or their business model. As of now, I see only a tiny portion of Chinese cars on the streets (if any), compared to a lot of European and Japanese/Korean cars. Can they match the quality and reliability of established brands? There are too many questions to answer at this point.
Yet I have never seen a Chinese car on the road.
Does not look like organic growth.
Just an unpopular reminder, guys we in Poland really don’t want to see German economy going to shit :D. Well, okay okay I hear you, but not in the long run…
Imagine you are a German and are responsible for strategy at VAG. How deaf you must have been to the signals over the past 8 years. Vorsprung durch Technik, my ass.
Germany also gave the Russian market to the Chinese on a silver platter
German dinosaurs fetishizing their diesel subsidies and Dienstwagenprivileg.
Meanwhile, everyone forgets that the Chinese car market is being stuffed with unimaginable amounts of money by the Chinese state, from the perspective of the EU and the USA… no wonder they can produce so many cars at such low prices. Therefore, punitive tariffs must be imposed on them, because they currently have nothing to do with market realities, but they can flood and buy up the markets with this subsidized price dumping.
As for the life and working conditions of factory workers, let’s not even go there…
We, EC and US could put tariff anywhere, but reality is that China will take all the others country market.
I do not understand how Europe hasn’t made battery technology priority No.1.
– We have practically no fossil fuel, and renewables require energy storage to maximize their effect
– Many EU countries have big car manufacturers and battery technology is the most import factor in EVs
The US and China did exactly that. Hell, Chinese companies bought US patents to build their own battery portfolio.
Probably China, once the EU and US have concluded this is not sustainable for them and tariff Chinese cars out of their markets. China still doesn’t have a domestic market strong enough to build upon and is still an export driven economy. They’re getting to the size and capacity there literally isn’t enough export market for them to actually sell to.
Germany. And when we are fucked thats bad news for the rest of the EU.
It’s dumping strategy. They overproduce with state subsidies and dump their cheap products to targeted markets. Once our car makers are gone, unable to compete with Chinese state subsidies, then Chinese cars will not be cheap any more, but they’ll be the only game in the town. That’s why we need to slap them with punitive tariffs and if it hits our car makers that moved production to China so be it, bring the production back or perish!
only goes to show we should (as much as possible) transition away from car centric infrastructure.
I somehow think that Japan, Germany, South Korea and the US will be most affected.
I just spent a week in China (Zhuhai), and Chinese cars looked like a decade ahead of european cars. It was full of EVs everywhere, and all cars (that I could check) seemed to have what in Europe are expensive addons. Even the car interiors looked more polished than those of European brands.
Most Cars on the street were Chinese. I only saw a handful from European brands and two Teslas. Discussing with local people, they said European and US cars were not competitive anymore. Not just in price, but in performance or features.
Also, the streets were quite silent even with plenty of cars running. My narrow 1 lane street in Spain gets much noisier than 4 lanes full of cars in China.
In Brazil, they arrived in the thousands, purchased by BYD itself, but nobody buys them, they are filling up the yards near the ports.
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