this post was submitted on 29 Jan 2024
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[Dormant] Electric Vehicles

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BYD is coming for Europe—but high labor costs, connectivity issues, and stubbornly loyal customers might trip up the Warren Buffett-backed EV maker that’s leaving competitors in a ‘state of shock’ (fortune.com)
submitted 9 months ago* (last edited 9 months ago) by [email protected] to c/[email protected]
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If you asked the typical European or American about BYD a couple of years ago, only the biggest petrol-head or an astute follower of Warren Buffett’s portfolio could have given you a confident answer on what the company does.

It’s taken a brutal price war with Elon Musk and an ascension to the top of the Chinese car pyramid to change that. Now that it’s left competitors in a “state of shock,” BYD has become hard to ignore.

However, as BYD fights a declining share price, Europe’s automakers have a few reasons to be optimistic that they will fare better in a battle on home soil.

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[–] [email protected] 0 points 9 months ago (1 children)

My car is a 2009 model. I doubt it’s sending anything to anyone.

[–] [email protected] 0 points 9 months ago (1 children)

Never going to get a newer car?

[–] [email protected] 0 points 9 months ago

Who the fuck can afford that?

Well… I mean lots of people do but not me.

And ‘new’? I don’t think new straight-off-the-lot is very good value anyway due to depreciation. I’d much rather have a used car in good shape that’s had the bugs ironed out of it than play the shiny-shiny game. Fuck Veblen goods.