it's weird that all those green Democrats are now becoming EV haters

I was skeptical when I ordered a Chinese made small cordless saw. The saw package came with 2 batteries, 1 spare chain, 1 oil can, 1 pair of gloves, 1 eye protector, and a tool box. I am very gladI didn't have to pay exhorbitantly for the entire kit.

As the largest oil importer, China will unswervingly develop electric vehicles, even though the West still insists on ICE vehicles. Like China, many countries in the world are short of oil. Even if there is no environmental pressure, people will be happy to buy electric cars.

BYD Dolphin and Seal got the highest euro safety NCAP rating for their respective class of car.

I rented a chinese EV car on our last vacation in Australia , I was really blown away by how much tech was built in this car , my wife convinced me our next car purchase back home next year should be a good chinese EV car , lol

50 years ago I remember carrying cooking oil and used clothing to my distant relatives from HK to China. Some can only eat meat once a month if lucky. Working hard was the only way out and 50 years later, the Chinese are caught up and most live a decent lifestyle. So unless European countries realize and admit this fact and are willing to roll up their sleeves now. Give up some vacation time and put that towards making new stuff and charge less to sell to the rest of the world, I can't imagine the trouble they'll be in in 5 years.

that's the reason behind Yellen's China overcapacity campaign.

I think a US company on UKposts also reviewed the BYD seal and is doing a tear down. The reviewers were shocked by how good the car was for 10k

So Western brands are losing the market because they have a more expensive product, which is not better than the Chinese one.

"Build Your Dreams" or BYD is growing rapidly in Laos, Thailand and possibly Vietnam (will see soon). Their vehicles are attractive, functional and affordable. There are many charging stations as well.

Twenty years ago China went down the path of developing EVs to meet two goals, solve city pollution problems coming from the ICEs and to overtake the automobile industry with the new EVs. Looks like China achieved both goals brilliantly.

I'M an American and would love the US market sell BYD NIo XPENG etc! The tech innovation on Chinese evs is advance and affordable at $30k. The BYD Seagull $11k. vs US $70K. But, our protectionist US regime w/ fake capitalism is to scared of competition. Hurts consumers.

Years ago, Mike Wallace interviewed Deng Xiaoping. The question was about how, being a communist country would be compatible with capitalism; Deng's answer was: "we will distribute the benefits to more people". [MW just opened his eyes in disbelief].

Your channel features data and up to date information to digest. Thanks mate.

Is there any limit to their ‘xenophobia’? 😂😂😂. Why can’t they simply digest and accept that other nations and cultures have been around here for loooooong.

Quite a few inaccuracies in this report. BYD over took Tesla in 2022, selling 500.000 more units. The first quarter of 2023, they sold more vehicles than Tesla did for the whole of 2022. You guys in the US dont have the choice in vehicles that we in the rest of the World have. The report is accurate in that Western vehicle manufacturers cannot compete with China. It doesn't matter really, the US market is not that important for global trade. It is the same size as the EU market. Most of the current Chinese vehicle output is being sold in Russia, as sanctions has disrupted the supply of Western vehicles.

A truthful report. An American patriot posting truth. 👍

Great episode Kevin, thank. When EU started an investigation into state subsidy of Chinese auto industry, they only need to make the story, period. Investigation is just a show.

This is an excellent report - highly vertically integrated with the most complete and efficient supply chain!

Made in China

Tesla just laid off 10% staff... Its to be expected.. The chinese automakers are all out to dominate!

Mr Munger saw what most can not see. That's why he invest heavily on BYD eons ago

BYD vertical integration includes mining, shipping, software, electronic components and battery.

Japan also took apart Chinese EVs.......ok for non Chinese to do reverse engineering😂

This is what Yellen meant when she accused China of "overcapacity"..LOL

It's looking grim for the West. We underestimated our rivals. Our predicament is due to decades of poor leadership. 🇨🇦

Thanks Kevin. You're among a handful of trusted truth tellers about China.

Who doesn’t want affordable and reliable car unless you’re a millionaire with money to spend. Some people have to work two jobs to survive. I would buy a BYD rather than a Tesla.

Probably helps BYD when it received $3.7 billion in direct subsidies from 2018 to 2022 from the CCP.

Absolutely Astounding! We want Chinese’s EV Automobiles here in the United States Of America!👍🙂

BYD is cheaper and better so they called this a problem 😅 😂 China not calling the west over priced cars a problem. 😅 😂

In the country I'm living in the Chinese cars are taking over. They have a substantial advantage in price. And impressive quality and design. ( I also see many more small electric Chinese-made delivery trucks here in the city. These make a lot of sense)

The Seal is nice, but the Dolphin is cooler. It has an awesome glass sunroof that goes from the front of the car all the way to the back. If it were sold in the U.S., I would definitely buy it. On their site, the U.S. is listed.

This is great for the consumer .... Governments will put tariffs to keep the rich rich and the poor wil suffer as always....byd will eventually build cars in Europe and USA and people will calm down..... There was no hysteria when Tesla was doing it

A reporter asked a BYD official if they have plan to set up factory in US. the official said no. then the reporter asked why and the official said it's too complicate to do business in US. 😁😁 India ordered X number of EV buses from BYD. BYD demanded 100% payment upfront. BYD is a quick learner.

European car makers in general, Mercedes Benz, BMW, VW in particular ought to buy in into some of the Chinese EV manufacturers like NIO, XPENG.

So usa now road to Reverseenginiaring 😂😂

I love Made in China. It's good quality and light on my pocket. ( But don't go too cheap unless you're going for it's low tech and less functionality 😂😂😂.)

The wage of UAW over $40/hour alone will kill any car makers in the US, EV or ICE.

EVs are essential and critical for China’s own national economic interest. Quality is supposed to be an inherent component. Design was area of concern which they took care of by collaborating with European design houses. Engineering was never an issue. Stage is all set now!

Brilliant and informative video 👏. Thank you. However, add into the equation the lowest cost of utility bills that include cheapest electricity in China 🇨🇳. With lowest costs of overall production 👏 in China, there is NO country in the world that can come close to competing with China for a foreseeable future. China is the Super power.

We were told in the 90ies that outsourcing was the solution for improving productivity. You would take a component calculate its cost of building it in-house and then bid potential suppliers for acquiring the component. It was the mantra that the cost of outsourced components were lower. Then a company would lower the price every year, untill only a few suppliers remained. The result is Europe and the US. Thousands of workers on the street, never finding a reasonable job again. Despair on the one side and gleefullness on the other because the managing class was praised by the shareholder and rewarded. People knew it was immoral, politicians bought the ideology or were simply bought and now Europes winners of them are enjoying their money and the next generation cannot compete. How come?

Long live Russia-China friendship!! 中俄友谊万岁！！

Kevin, first class eloquence.

Relying on 100% tariffs and sanctions on semiconductor chips is not the solution. The party leaders were sleeping at the helm and allowed America to lag behind for far too long.

High quality content, well researched and to the point under ten minutes. Slick. This channel has got to grow! Subbing.👏

Can we have a minute of silence to pray for Western manufacturers of vehicles ? Amen.

It seems these days the cars made in Europe, USA, etc have the poor quality and reliability expected from China so why not just get a real Chinese car for less?

I have been driving a xpeng p5 for almost 3 years now. I am very pleased with it.

Fantastic video on how Western companies of all types of Production Value for the worlds consumers cannot compete with the Production Value offered by Chinese companies. The entire concept of Human Productivity and all the Western financial arrangements based on it are shifting so fast that the Western societies are about to be hit by a tsunami of FAILURE. Instead of cooperation and mutual integration with all the nations of the world, Western greed, arrogance, and profiteering has led them to the end of their road. We will soon see if they jump over the cliff into oblivion or turn around and join the world.

Where is all the power going to come from to charge these millions of large batteries?

The part that made China products affordable is: China have good and affordable infrastructure (school, hospital, housing, road, rail & mobile carrier)

The seal costs over US$50k in UK. Far from the $30k in China.

i’m living here USA more than 40 years and seeing China changing, but most of Americans didn’t know what’s going on, their life Being affect a big way!

Gotta a question, can anyone make a good 5 speed manual if it is electric? I enjoy manual.

Why is BYD market capitalization at $98bln, Toyota $230bln, Telsa $650bln? Is this a fundamental huge mispricing and pointing towards a gross under-pricing of BYD share price?

Did any of the engineers actually drive the Seal for any length of time in real world driving? Is see not all people like the car after owning/driving it.

Nice to hear Chinese products are made GREAT again like they had been for hundreds and thousands years

If the good of the people is what counts, then PRC EVs are rewarding for the masses. They give people the opportunity to enjoy comfort, aircon and a good sound system.

Thanks. I had to subscribe, after seeing few of your levelheaded reports. You are 'rare breed' Greetings from Finland, the no.1 of oldest cars in roads, becouse of taxing and taxing everything car related.

I am not an expert in engineering, management or economics. My take is that at this moment BYD will win because of lower cost, innovative design & being produced in China.

It's very hard to believe a bank would buy cars and pay for them to be stripped and evaluated. It must be a very strange bank.

More vertical integration: BYD ordered its own fleet of ro-ro freighters to ship its products across the world, further controlling the cost and keep it low.

Not sure how a bank is suddenly the arbiter on whether a car is " good " or not ?? A bit absurd don't you think ?? We had exactly the same panic when the Japanese started exporting cars . it never works out this way .

Will a Chinese car be worth it when they are hit with tariffs entering the US? If a $30k car costs $40k in America it is still the quality of only a $30k car.

The unspoken issue in the ev craze, is that there's a basic disconnect in an assumed demand (which may not materialize despite government mandates) and the electricity required to phase out all IC vehicles. The basic infrastructure required to support recharging is not in place now, nor can be delivered within the next 10 years. This is because in order to generate the electrical energy to replace all the gas for our road ways will require an additional 10,000 to 20,000 power generation plants with the necessary distribution networks. This massive reinvention of our electrical grid would rival the response of the US military-industrial complex following WW2. America went from have 4 aircraft carriers at the start to delivering an aircraft carrier every month within 2 years. And that was when the US recognized the threat. But this aspect of a required link in the ev revolution is NOT recognized thereby not discussed or even on the list of issues needing attention. One solution that will not work is fantasizing that wind and solar can even be considered. NG power generation is frowned upon because it's oil based and that leaves nuclear. Nuclear is an option, but the enviro activist hate nuclear more than coal. So good luck BVD, build for car lots sitting full of unsold, not in demand product.

BYD was dead serious when they settled with this name and they lived up to it.

The UBS reports that ANALYSTs have analyzed one BYD model, not ENGINEERs. So that‘s financial guys pondering over their spreadsheets, not engineers tearing down a car.

How does BYD provide support after the sale?

Former US vice president AL Gore won peace nobel award by just talking.. talking.. and only talking about environment and global warming.

This shows CPC implemented the right policy. Great job, from biggest importer to biggest exporter.

What’s the NCAP rating on these BYD cars?

Both US and EU leaders are in panic mode. Car industry used to be their key industries. They have two options. Allows chinese cars to come in. Or allow chinese to build and produce in their country

There are a few quiet achievers in the Chinese auto industry, SAIC, GWM and Chery. BYD might be getting all the attention it deserves, but the others have been gaining bigger market share worldwide, even with their ICE cars. You so often hear the lazy "Rubbish Chinese cars" comments. The smarter consumers are buying up good value quality Chinese cars and saved a lot of their hard earned money. So, let the ignorant ones waste their money, while we make our wise decisions. It's what Charles Darwin taught us.

The information was from Sept last year. A lot has changed since. A smart phone maker Xiaomi has launched its first car that is better, like 670 bhp, 0 to 60 mph in 2.8 sec and a range of 500 miles, and cheaper, price starts at $30,000, than the Porsche. It sold the entire year's production within the first 24 hours of the launch inside China alone. There are car manufactirers bringing out cars fitted with Sodium ion battery, solid state battery while others are concentrating on self drive, long range battery, fast charging etc, etc. China doesn't have vast oil reserves to support endless ICE cars like the US so it has to make do with the EV.

I see users here interested buying a BYD. Here in the U.S is not possible, also if you manage to buy one where are you going to service your EV, if there is no BYD presence in the U.S. Tesla still rules in North America

I want one in Canada!

Europe and North America just have to ban byd and claim some parts in the cars may pose risks for national security. Wasnt that how huawei was banned. Thats why We always win 😂😂😂😂

I love this channel. I look forward to knowing about the global market. I'm a nurse, but I'm very interested in getting into the global market. Thanks

Therefore Yellen's accusation of over capacity is as usual like most amerikan accusations against China, false.

EVs, and particularly hybrid models, can be highly beneficial in both electricity-abundant and electricity-constrained regions, offering backup power source, efficiency, and flexibility that traditional ICE vehicles cannot match. This backup power capability is a major advantage of hybrid EVs over traditional internal combustion engine (ICE) vehicles in areas with unreliable electricity. The battery can provide a crucial safety net and ensure mobility and continuity of supply is maintained even when the grid fails.

Thanks to BYD, OVER PRICED Tesla WERE Forced to CUT Price. BYD is LEADER Of EV. TSLA Will CRASH Below 100

They also don’t have OSHA, the EPA, every other government agency we have to deal with in America and they can also use what we would call slave labor. A friend of mine a engineer went the to see how airplanes were converted to cargo planes, he couldn’t believe how they were doing it

5:57 it will be sooner probably. Not an expert, but people are not talking about most critical component in my view regarding EV are reverse supply chains of those batteries. I personally don’t think Europeans are anywhere near to Chinese capacities. Of 1.recycling supply chain. 2.Replacement and Toyota 3s model.

I don't see the build quality/safety factor being taken into account anywhere here. I can't help but be suspicious that UBS is an interested party due to loans made to BYD ??

that's good, waiting to buy BYD too, once the local factory here started its sale.

Takeover of the global car market already happened in the 70's and 80's under the Japanese producing a cheaper, higher quality product. Sure it can happen with EVs 😊

I have heard that some insurance companies will not insure some EVs (or places where EVs are garaged) because, particularly the Chinese cars, have a propensity to spontaneously combust. Even the batteries that merely malfunction, and not totally destroy the car, are not easy to diagnose and repair. However, their designs do enable the batteries to be built cheaply. Fire departments in the USA have to invest in special equipment to fight EV fires. I understand that Tesla batteries that lose a cell are much easier to diagnose, limit damage, and repair but I do not know if this is true of European and American EVs. This report seems to concentrate entirely on cost to produce so I guess UBS' concerns stop after the sale.

depending on the model the Seal in Australia is priced between $50k and $70K.

That’s very interesting. What bothers me is that there are a few channels here on UKposts that talk about Chinese EVs bursting into flames, for example. It’s got to the point that I, and I’m sure so many don’t know who to believe. Failure to communicate compounded with fake news is rampant today. I’m not by any means saying that you fall into that category, but you can understand why I, along with many, are so confused.

Whatever is good for consumers is good for the world !!! Well done China !!!

what a world ! Last time China bought US products to learn from them. Now the US bought China products to learn more about them ! It is a strange world !!!!

There was no mention of Tesla!

I am hearing in the U.K. that when cars made in China and sold here are O.K. until there is a warranty claim. This becomes a problem when the fault is not rectified quickly. Is there any other car mechanics around the world having this issue ?

Buy on price, pay twice. The long-term overall cost of BYD, or any BEV, is not receiving the level of scrutiny that in needs. A lot of EV buyers will learn the hard way . . .

I invested 300,000 right after BRK'Bs report that W Buffet invested and going to hold for 10 years. It will be rewarding for sure.

at the very end of your video, is what was heard someone praying? just couldn't hear a word LOL

Thanks for sharing and surfacing the truth. 👏👍

BYD's highly competitive & successful vertical integration is a first class argument against globalized supply chains. Maybe western economists were foolish to evangelize globalization & outsourcing? The end result has definitely produced winners & losers, and now one only has to check the scoreboard to see what happened. In any case, China was brilliant to fully utilize all the benefits of globalization while minimizing the liabilities to their own domestic economy & national sovereignty. Well played!

Watch the tariff that will be slapped on them when the lobbyists get to the politicians.