Also, slave labor.
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How does it compare to tesla in terms of privacy, ownership (DRM) and stuff?
Privacy in terms of a large, rolling chinese surveillance machine covered in cameras, mics and sensors, full of chips and sporting bluetooth, cellular and wifi? I'm sure it's fine.
BYD?
Giant chinese car manufacturer. They're the most popular PHEV Manufacturer in Australia and is rapidly growing in Europe.
Oh no! The type of capitalism where we have to compete!
Make it go away, Daddy Trump!
Tbf notoriously China subsidizes BYD to net loss so its not exactly capitalism.
So do a lot of other governments, to be fair. It's one of those industries that employs a lot of people, and it's always bad press to close it when a bit of money could have kept it. Certainly cheaper than putting thousands of people on benefits.
Plus there's subsidies for domestic sales as well. The UK at least had a grant for plug in cars that they ended a few years ago, presumably just to get the infrastructure up and running.
But then the new vehicle price is neither here nor there in the long term, since most people drive used vehicles anyway. What matters is how many vehicles trickle down to the masses, and whether wear on the battery is a concern. Some of the early smaller models didn't have great batteries to start with, but as a daily driver to the shops and work it'd probably be fine. For some reason the conversation always drifts over to "but what about that one time you drove across the state" or "remember that time you transported a fridge", as if that's something people can't work around for the once a year they do it.
All car manufacturers world wide are subsidized.
https://subsidytracker.goodjobsfirst.org/parent-totals
Of course China can make cheaper cars, because most car manufacturers get their parts produced in China anyway.
They phased out their subsidies in 2022
They still have a trade in program to get ICE vehicles off the road.
A lot of these subsidies (both in the US and China) are implicit. Chinese state rail networks operate at cost, allowing cheap transportation of materials and labor. American borrowing is heavily subsidized through the Fed Credit Window, which keeps rates in the low single digits while corporate bonds and consumer loans can be 2x-30x as high. Both countries cut corners on environmental enforcement and subsidize waste management. Both countries subsidize education and incentive R&D through their university systems.
The real benefit BYD enjoys - even above its Chinese peers - is vertical integration. They own everything from mining interests to technology patents to dealerships. This is a deliberate consequence of Chinese trade policy, which requires foreign investors to partner with Chinese nationals in order to own and operate capital. Consequently, Berkshire Hathaway - a large early investor in BYD - cannot dictate Chinese vehicle manufacturing policy from a private office in Omaha. Chinese locals benefit from the innovation, the domestic capital, the experienced labor force (which can migrate to local competitors), and the increased economic activity it produces.
China is insourcing it's wealth aggregation, which has a cyclical compound benefit over time.
Good. Fuckem. They make shitty, oversized trucks that are a danger to pedestrians and people who drive reasonably sized cars anyway.
My boss in the UK got one. In bright red. It looks like he's driving a fucking fire engine.
My old boss was a huge man who went around in a little yellow convertible. We called him Noddy.
May I suggest calling him Fireman Sam?
I mean, didn’t Japanese and Korean automakers already do that?
Yes. They did. That's called competition. It forces companies to improve by destroying them, except they don't want that. And politicians don't want that, cause it makes corruption unstable.
Killed Detroit too, though. But, eh, helped other parts. It's life.
Thus already in the 90s with the TRON OS a different approach was chosen by US regulators - threaten Japan with sanctions if it's allowed to compete with Windows inside Japan .
They can't threaten China, but they can prevent Chinese competitive goods from entering US market and improving its economy again.
Bad economy - poor and stressed people, poor and stressed people - worse political decisions, worse political decisions - good for middlemen which in our age shouldn't exist frankly. We have the technologies for direct democracy, it's not 1920s.
We have the technologies for direct democracy
Wish I could upvote twice. As far as I'm aware there's about 5 American politicians who actually care about more than just lining their pockets.
One from the list, yes.