BYD Got $3.7 Billion in Government Handouts; Chinese EVs Piling Up in EU Ports – Autoline Daily 3789
BYD Got $3.7 Billion in Government Handouts; Chinese EVs Piling Up in EU Ports – Autoline Daily 3789
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0:00 Study Says BYD Received $3.7 Billion In Subsidies
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Why are we helping the communist Chinese regime?
Yea, yea, yea, that's what we meant, um, subsidies AND, um, our superior, um, builds makes us best….
European can setup trade barrier. But just don't complain later that car price goes up so much.
Biden just gave TSMC 6.7 billion to start.
The U.S bailout of the big auto during the financial crisis was $40 billion.
If you want to sell in India you have to build it in India. That's why Suzuki is dominating there with their cheap small vehicles.
BYD stock is looking much better knowing that China is propping up the company and inflating it's value.
https://youtube.com/shorts/wjgb6eSomYY?si=TeAfkXsMb2mrpEuy
Funny that Germany is leading the investigation into Chinese automotive businesses skirting the laws, Germany has been exporting huge amounts of machinery into "Kyrgyzstan" after allegedly stopping trade with Russia.
I still can not understand why western companies keep trying to work with China. They're so corrupt, just move on because it doesn't matter how many people in the country if you can't sell to them on a level playing field.
well, China EVs's success is not by their government subsidies. possible at the start up ,but not now. Check the sales amount of BYD now, how can the government afford to subsidies? and basically not necessary.
They wish, lol.
That's the thing see… You have to spend money on the modernized factories to implement the modernized manufacturing equipment and methods… to manufacturer the latest technology ultra inexpensive eco-teer EVs. AS OPPOSED TO NOT spend the money on the modernized manufacturing and methods and instead implement tariffs and stringent safety standards, hurl kaka insults and propaganda at the competition. That's the thing see…
I love propaganda.
Tesla is the best car company ever! No gas stations, No oil changes, No smog check, No corrupt dealership, No catalytic converter and as fast as a $650,000 Lamborghini
The Australian government payed 5 Billion AusDollars in subsidies in 12 years to keep the three remaining local auto makers afloat. Number of car makers in Australia in 2024: ZERO
The entire article is filled with false accusations of hypocrisy, exposing Europe’s incompetence and hypocrisy. After all the nonsense you create, the first to oppose European protectionism will be the German car manufacturers.
If the European market puts up a high wall against Chinese cars, will European car manufacturers be prepared to lose the Chinese market? This is a simple math problem.
China flooding their goods all over the world undercutting prices.. next will be ai & fintech.. if you can win them, overwhelm them
So those US investors in BYD got a handout from the chinese Govt? Afterall BYD is making huge profit plus the handouts. Happiness! 😂
Why all this news about Chinese cars and companies? People have different ideas about what a Chinese car is. For me, a Chinese car is a car from a Chinese company. A Chinese company is either home grown or one that started elsewhere, dissolved and now is making cars created, produced and managed by a Chinese company. A Chinese car is not an acquired established company that hasn't been dissolved and still is created, managed by its home country so Volvo, Polestar, Lotus are not Chinese cars. Nor is made in China meaning Chinese car as that would make a lot of Western products Chinese and that includes Tesls as a lot are made in China. MG would be as they were dissolved. As far as India is concerned, they have their own cars and I look to them to make world-class vehicles at some point.
Ford and GM leave India.
fake news
america’s not immune to Tipping the balance in the trade wars. They use import duties to protect their local industry so guys get serious.