Inexpensive Chinese electric car has US automakers, politicians trembling with fear

Beijingwalker

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Inexpensive Seagull electric car has US automakers, politicians trembling with fear​

A Seagull sells for around $11,000 in China, yet the electric vehicle made by conglomerate BYD drives well and is put together with craftsmanship that rivals U.S.-made EVs that cost quite a bit more.

 

Beijingwalker

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Chinese cars will bury all their rivals.
 

Beijingwalker

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This 1300 HP Chinese Electric Super Car Is Coming For Ferrari​

 

Beijingwalker

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Why the BYD Yangwang U8 Floats Above American Competitors!​

 

Beijingwalker

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This car is perfect for flood prone regions

 

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U-turn in place​



climb the world's highest sand mountain "Bilutu Peak"​

 
Last edited:

Menthol

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Everything made in USA is expensive.

It doesn't need BYD Seagull to prove it.

Basically, almost all USA product is not attractive in the international market.

Even in USA alone, everyone know to make a big profit, it's to open factory aboard.
 

Beijingwalker

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China is increasingly frightening the US, The entry of Chinese vehicles could bring US automotive extinction​

Chinese automakers are frightening to the US Government because they are aggressive. Protectionism is an option.

19 May 2024 09:24

The President of the United States, Joe Biden, announced an increase in import tariffs for various Chinese commodities on Tuesday (14/5/2024) in Washington DC, USA.


AP / SUSAN WALSH
The President of the United States, Joe Biden, announced an increase in import tariffs for various Chinese commodities on Tuesday (14/5/2024) in Washington DC, USA.

Ford Motor Company CEO Jim Farley has to keep racking his brains. The company's profits, which were founded more than a century ago, have plummeted. The financial report for the first quarter of 2024, Wednesday (15/5/2024), showed a significant decline in profits, to only 1.3 billion US dollars or a decrease of around 24 percent compared to the same period the previous year.

Farley acknowledges that Ford's electric vehicle business is their biggest obstacle. In fact, following losses in the sales of their electric vehicles, Ford could potentially experience operational losses of up to 5.5 billion US dollars due to suboptimal sales.

To reduce potential losses, Ford issued a memo to its spare part suppliers. They were asked to help reduce the production costs of spare parts.

"For the best interests of us all, so that we can provide affordable electric vehicle products to our customers. To ensure affordability, it is crucial for us to achieve higher cost efficiency levels in materials," wrote Liz Door, the person in charge of Ford Motor Co's raw material supply chain, on Thursday (May 16, 2024).

Not just a memo, Ford also decided to postpone the launch of its new electric vehicles. Originally scheduled for 2025, Ford's new electric vehicles will now be launched in 2027.

The entry of Chinese vehicles could bring US automotive extinction.
Ford Finance Director John Lawler said that falling demand had caused the revenues of many US automotive companies to decline. The rapid decline in demand exceeds the ability to reduce production costs.

Before he had time to catch his breath, Ford and the entire US automotive industry had to think harder. BYD (read: Bi Ya Di), a manufacturer from China, launched Shark, a double cabin truck with a hybrid engine for the North American market. Mexico became a production and distribution center.

The Director of BYD for the North American region, Stella Li, rejects the notion that the selection of Mexico is aimed at the US market. According to Li, BYD currently has no plans to enter the US market. "When building a factory in Mexico, we only considered the Mexican market and other countries' markets. We have not considered the US market," she said.

growth and the North American region, outside of the US. According to him, the US ranks lower on the list of potential markets for BYD.

If trade barriers are not established, they will destroy most other companies in the world.
However, it is well understood that Mexico is the gateway for third world countries to enter the US market. Citing data from the Council of Foreign Relations, the import numbers of vehicle spare parts and raw materials from Mexico to the US market continue to increase every year.

At the end of 2019, the import figures from Mexico reached 123.5 billion US dollars, and by the end of 2023, it is expected to increase to 155.6 billion US dollars. The US Manufacturing Company Alliance has issued a warning that Chinese automotive products, including BYD, have successfully entered the US market. "The entry of Chinese vehicles could lead to the extinction of the US automotive industry," the organization wrote in a report.

Tesla CEO, Elon Musk, said that with good and competitive products, Chinese automotive companies, including BYD, will succeed in dominating the market outside mainland China. "Honestly, in my opinion, if trade barriers are not established, they will destroy most other companies in the world. They are very good," he said.

Automotive disruption​

Musk said that it is not true that Tesla is the biggest seller of electric cars. Since the end of 2023, BYD has been the king of electric cars. Apart from that, there are a number of automotive companies from China which also continue to dominate the global electric vehicle market.

https%3A%2F%2Fasset.kgnewsroom.com%2Fphoto%2Fpre%2F2024%2F01%2F04%2F71d2a148-fc05-4dcb-bd46-17af12b0c5f4_png.png

Tesla ranks second and is surrounded by other Chinese automotive producers that enter the top 10 global sales of electric vehicles. Following Europe, Japan, and South Korea.

Stellantis CEO Carlos Tavares also mentioned Chinese manufacturers as the main competitors. Stellantis includes various automotive brands from Western Europe and North America.

He said that now is the era of a big battle between global car industry versus Chinese automotive manufacturers. "This will be a big fight. There is no other way for global car manufacturers like Stellantis other than facing Chinese car manufacturers directly. There is no other way to face it," he said.

The threat is not only limited to export volumes. The products released by many Chinese automotive manufacturers also have modern, futuristic designs and are embedded with many of the latest technologies, leaving manufacturers from other countries far behind. Apart from design and build, the relatively good quality and affordable prices also make people turn to Chinese automotive products.

Take Seagull, for instance, the newly launched vehicle by BYD. Although it has yet to enter the US market, BYD's ability to produce a battery-powered electric vehicle with a price tag below $12,000 or approximately Rp 193.2 million is impressive.

With a battery capacity of 38.8 kilowatt-hours, this four-five passenger car is claimed to be able to travel up to 405 kilometers. Another variant with a lower battery capacity of around 30.08 kWh is sold at a cheaper price, which is $9,700 USD or around IDR 156.2 million.

If fully charged, this car is claimed to be able to travel around 305 kilometers. Seagull is the embodiment of the Chinese automotive company's capability to conduct mass production at a very affordable price.

How can we cut the price of electric vehicles in half? China has done it.
Curious about BYD's ability to produce affordable battery-based electric vehicles, Caresoft Global, an automotive consulting firm in Detroit, USA, purchased a Seagull unit and examined it.

After the demolition, Terry Woychowski, a former GM pickup truck chief engineer who now heads the company, said: “Things had to change radically to be competitive.”

He said that Seagull is an alarm for the US automotive industry. According to him, the US automotive industry is far behind China in terms of developing low-cost electric cars.

After investigation, it was revealed that BYD made many "savings" to make Seagull a wallet-friendly vehicle. The Caresoft team found, for example, that to reduce weight, Seagull only uses one wiper.

In addition, BYD also utilizes their expertise in battery production. The raw material used is lithium phosphate, which is commonly used for making mobile phone batteries.

In Caresoft's calculation, with such a low price, BYD is estimated to still make a profit of up to 1,500 US dollars per unit. At worst, the production costs and selling prices break even.

Not to mention the other products. Queuing up behind BYD are Xiaomi, Huawei, Chery, BAIC, Neta, Wuling, and others. All are preparing to storm the US market as well as the global market.

On the other hand, electric vehicles made by European, American, Japanese, and South Korean manufacturers are still quite expensive. The selling price is still about twice the price of Chinese products. Tesla has already started lowering prices since some time ago. However, the impact has not been seen yet.

"These are the cars that make me scared. How can we cut the cost of electric vehicles in half? China has already done it," said Kristin Dziczek, automotive policy advisor at the Federal Reserve Bank of Chicago's Detroit branch.

Protection is an option​

The US government is also puzzled and has not yet found a way to compete with China. Various policies show that the US chooses to hinder China's automotive industry. One way to do this is by imposing high import tariffs.

US President Joe Biden announced the increase last Tuesday. "A 100 percent tariff on electric vehicles will protect US manufacturers from unfair trading practices conducted by China," said Biden, as quoted from the White House website.

Before this policy was issued, the White House also questioned the technology used in Chinese-made electric vehicles. The US accused that various software embedded in Chinese products posed a danger to national security and also to US citizens. Espionage and sabotage are two words used by the White House to question the security of Chinese electric vehicle software products.

Biden and the Democratic Party behind him believe that the US automotive industry and economy could be threatened if such action is not taken, including matters of espionage and sabotage. "We will ensure that the future of the automotive industry will be created in America with American workers," said Biden.

Senator Gary Peters, a Democrat politician from Michigan, agrees with Biden. He stated that Chinese electric vehicles threaten the US economy and security. "In essence, there is no place in the US for vehicles made by companies supported by the Chinese Communist Party," he said.

Experts read the White House's stance as being influenced by the surrounding political situation, namely the upcoming November general election. Biden's statements and policies are intended to show that he is willing to take a tough stance against China.

He wants to attract floating voters, including workers in the automotive sector and their families. In that perspective, Biden is seemingly trying to show that disruptions in the US automotive industry have an impact on the lives of workers and their families.

Scott Kennedy, a China expert at the Center for Strategic and International Studies (CSIS) in Washington, said that Biden's policy would instead trigger excessive protectionism. This could disrupt the global supply chain and have an impact on the US economy itself.

If the US decides to increase the import duty on vehicles from Mexico, from below 25 percent to the same tariff applied to products from China, it would be the same as killing three birds with one stone.

Director-General of the WTO Ngozi Okonjo-Iweala, as quoted from Foreign Policy, expressed concern over the situation. She stated that the WTO continues to monitor the development.

Okonjo-Iweala said that WTO does not want world trade to be divided into two, one in favor of the US and the other in favor of China. "We hope that no other sectors will be dragged into the competition of these two countries," she said. (AP/AFP/Reuters)
 

Beijingwalker

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The Previous Kingdom of automobiles being brought to extinction by the previou Kingdom of bicycles in automobile industry, how the world has changed beyond everyone's recognition.

China, in 20 years
beijing-chang-an-street-bikes-1.jpg

resize
 

Menthol

Senior Member
Aug 2, 2017
5,187
4,812

China is increasingly frightening the US, The entry of Chinese vehicles could bring US automotive extinction​

Chinese automakers are frightening to the US Government because they are aggressive. Protectionism is an option.

19 May 2024 09:24

The President of the United States, Joe Biden, announced an increase in import tariffs for various Chinese commodities on Tuesday (14/5/2024) in Washington DC, USA.


AP / SUSAN WALSH
The President of the United States, Joe Biden, announced an increase in import tariffs for various Chinese commodities on Tuesday (14/5/2024) in Washington DC, USA.

Ford Motor Company CEO Jim Farley has to keep racking his brains. The company's profits, which were founded more than a century ago, have plummeted. The financial report for the first quarter of 2024, Wednesday (15/5/2024), showed a significant decline in profits, to only 1.3 billion US dollars or a decrease of around 24 percent compared to the same period the previous year.

Farley acknowledges that Ford's electric vehicle business is their biggest obstacle. In fact, following losses in the sales of their electric vehicles, Ford could potentially experience operational losses of up to 5.5 billion US dollars due to suboptimal sales.

To reduce potential losses, Ford issued a memo to its spare part suppliers. They were asked to help reduce the production costs of spare parts.

"For the best interests of us all, so that we can provide affordable electric vehicle products to our customers. To ensure affordability, it is crucial for us to achieve higher cost efficiency levels in materials," wrote Liz Door, the person in charge of Ford Motor Co's raw material supply chain, on Thursday (May 16, 2024).

Not just a memo, Ford also decided to postpone the launch of its new electric vehicles. Originally scheduled for 2025, Ford's new electric vehicles will now be launched in 2027.


Ford Finance Director John Lawler said that falling demand had caused the revenues of many US automotive companies to decline. The rapid decline in demand exceeds the ability to reduce production costs.

Before he had time to catch his breath, Ford and the entire US automotive industry had to think harder. BYD (read: Bi Ya Di), a manufacturer from China, launched Shark, a double cabin truck with a hybrid engine for the North American market. Mexico became a production and distribution center.

The Director of BYD for the North American region, Stella Li, rejects the notion that the selection of Mexico is aimed at the US market. According to Li, BYD currently has no plans to enter the US market. "When building a factory in Mexico, we only considered the Mexican market and other countries' markets. We have not considered the US market," she said.

growth and the North American region, outside of the US. According to him, the US ranks lower on the list of potential markets for BYD.


However, it is well understood that Mexico is the gateway for third world countries to enter the US market. Citing data from the Council of Foreign Relations, the import numbers of vehicle spare parts and raw materials from Mexico to the US market continue to increase every year.

At the end of 2019, the import figures from Mexico reached 123.5 billion US dollars, and by the end of 2023, it is expected to increase to 155.6 billion US dollars. The US Manufacturing Company Alliance has issued a warning that Chinese automotive products, including BYD, have successfully entered the US market. "The entry of Chinese vehicles could lead to the extinction of the US automotive industry," the organization wrote in a report.

Tesla CEO, Elon Musk, said that with good and competitive products, Chinese automotive companies, including BYD, will succeed in dominating the market outside mainland China. "Honestly, in my opinion, if trade barriers are not established, they will destroy most other companies in the world. They are very good," he said.

Automotive disruption​

Musk said that it is not true that Tesla is the biggest seller of electric cars. Since the end of 2023, BYD has been the king of electric cars. Apart from that, there are a number of automotive companies from China which also continue to dominate the global electric vehicle market.

https%3A%2F%2Fasset.kgnewsroom.com%2Fphoto%2Fpre%2F2024%2F01%2F04%2F71d2a148-fc05-4dcb-bd46-17af12b0c5f4_png.png

Tesla ranks second and is surrounded by other Chinese automotive producers that enter the top 10 global sales of electric vehicles. Following Europe, Japan, and South Korea.

Stellantis CEO Carlos Tavares also mentioned Chinese manufacturers as the main competitors. Stellantis includes various automotive brands from Western Europe and North America.

He said that now is the era of a big battle between global car industry versus Chinese automotive manufacturers. "This will be a big fight. There is no other way for global car manufacturers like Stellantis other than facing Chinese car manufacturers directly. There is no other way to face it," he said.

The threat is not only limited to export volumes. The products released by many Chinese automotive manufacturers also have modern, futuristic designs and are embedded with many of the latest technologies, leaving manufacturers from other countries far behind. Apart from design and build, the relatively good quality and affordable prices also make people turn to Chinese automotive products.

Take Seagull, for instance, the newly launched vehicle by BYD. Although it has yet to enter the US market, BYD's ability to produce a battery-powered electric vehicle with a price tag below $12,000 or approximately Rp 193.2 million is impressive.

With a battery capacity of 38.8 kilowatt-hours, this four-five passenger car is claimed to be able to travel up to 405 kilometers. Another variant with a lower battery capacity of around 30.08 kWh is sold at a cheaper price, which is $9,700 USD or around IDR 156.2 million.

If fully charged, this car is claimed to be able to travel around 305 kilometers. Seagull is the embodiment of the Chinese automotive company's capability to conduct mass production at a very affordable price.


Curious about BYD's ability to produce affordable battery-based electric vehicles, Caresoft Global, an automotive consulting firm in Detroit, USA, purchased a Seagull unit and examined it.

After the demolition, Terry Woychowski, a former GM pickup truck chief engineer who now heads the company, said: “Things had to change radically to be competitive.”

He said that Seagull is an alarm for the US automotive industry. According to him, the US automotive industry is far behind China in terms of developing low-cost electric cars.

After investigation, it was revealed that BYD made many "savings" to make Seagull a wallet-friendly vehicle. The Caresoft team found, for example, that to reduce weight, Seagull only uses one wiper.

In addition, BYD also utilizes their expertise in battery production. The raw material used is lithium phosphate, which is commonly used for making mobile phone batteries.

In Caresoft's calculation, with such a low price, BYD is estimated to still make a profit of up to 1,500 US dollars per unit. At worst, the production costs and selling prices break even.

Not to mention the other products. Queuing up behind BYD are Xiaomi, Huawei, Chery, BAIC, Neta, Wuling, and others. All are preparing to storm the US market as well as the global market.

On the other hand, electric vehicles made by European, American, Japanese, and South Korean manufacturers are still quite expensive. The selling price is still about twice the price of Chinese products. Tesla has already started lowering prices since some time ago. However, the impact has not been seen yet.

"These are the cars that make me scared. How can we cut the cost of electric vehicles in half? China has already done it," said Kristin Dziczek, automotive policy advisor at the Federal Reserve Bank of Chicago's Detroit branch.

Protection is an option​

The US government is also puzzled and has not yet found a way to compete with China. Various policies show that the US chooses to hinder China's automotive industry. One way to do this is by imposing high import tariffs.

US President Joe Biden announced the increase last Tuesday. "A 100 percent tariff on electric vehicles will protect US manufacturers from unfair trading practices conducted by China," said Biden, as quoted from the White House website.

Before this policy was issued, the White House also questioned the technology used in Chinese-made electric vehicles. The US accused that various software embedded in Chinese products posed a danger to national security and also to US citizens. Espionage and sabotage are two words used by the White House to question the security of Chinese electric vehicle software products.

Biden and the Democratic Party behind him believe that the US automotive industry and economy could be threatened if such action is not taken, including matters of espionage and sabotage. "We will ensure that the future of the automotive industry will be created in America with American workers," said Biden.

Senator Gary Peters, a Democrat politician from Michigan, agrees with Biden. He stated that Chinese electric vehicles threaten the US economy and security. "In essence, there is no place in the US for vehicles made by companies supported by the Chinese Communist Party," he said.

Experts read the White House's stance as being influenced by the surrounding political situation, namely the upcoming November general election. Biden's statements and policies are intended to show that he is willing to take a tough stance against China.

He wants to attract floating voters, including workers in the automotive sector and their families. In that perspective, Biden is seemingly trying to show that disruptions in the US automotive industry have an impact on the lives of workers and their families.

Scott Kennedy, a China expert at the Center for Strategic and International Studies (CSIS) in Washington, said that Biden's policy would instead trigger excessive protectionism. This could disrupt the global supply chain and have an impact on the US economy itself.

If the US decides to increase the import duty on vehicles from Mexico, from below 25 percent to the same tariff applied to products from China, it would be the same as killing three birds with one stone.

Director-General of the WTO Ngozi Okonjo-Iweala, as quoted from Foreign Policy, expressed concern over the situation. She stated that the WTO continues to monitor the development.

Okonjo-Iweala said that WTO does not want world trade to be divided into two, one in favor of the US and the other in favor of China. "We hope that no other sectors will be dragged into the competition of these two countries," she said. (AP/AFP/Reuters)

USA can't compete against product from China in term of price.

Even in USA, the trend is to manufacture elsewhere to make profit.

I think it's better for USA to wait for the robotic revolution, and in my prediction, it could be in the next decade.
 

Beijingwalker

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China's $10,000 EV is Coming for Europe's Carmakers

Albertina Torsoli and Anthony Palazzo, Bloomberg News
May. 21 2024

(Bloomberg) -- Cheap electric vehicles from China are already pushing into Europe, undercutting one of the region’s biggest industries. BYD Co., which overtook Tesla Inc. last year to become the biggest global EV maker, is about to raise the stakes.

The Chinese manufacturer last month announced plans to introduce its sub-$10,000 Seagull hatchback in Europe next year, offering features like cruise control and wireless phone charging normally seen on much more expensive vehicles. Even after tariffs and modifications to meet European standards, BYD executives have pledged to sell the Seagull for less than €20,000 ($21,500).

That would price the four-seater thousands below electric runabouts that Stellantis NV, Renault SA and others are counting on to help them bridge the energy transition. Its arrival is ratcheting up pressure on Europe’s automakers for dominance in the post-combustion-engine era. A competition investigation in Brussels isn't likely to extinguish the threat.

“We are looking very closely at this model and others coming from Chinese EV makers,” said Martin Sander, head of Ford Motor Co.’s European EV business. “Of course, we are nervous when new competition is coming to the market.”

The Seagull has won plaudits for the build quality, design and technology BYD has packed in for the price. It’s no one-off: the company plans to introduce a higher-end €25,000 EV even before the city car, European Managing Director Michael Shu said at an industry event in London this month. BYD’s plans for two plants in the region will help it blunt the effects of any European Union tariffs meant to slow its path.

The model is already doing well outside its Asian home base. In Mexico, where the car is dubbed the Dolphin Mini, drivers have been flocking to buy the 358,800-peso ($19,780) car since its introduction in February, despite a charging infrastructure that’s still in its infancy.

Mexico “is not great for us, but in the end we found a lot of demand, a lot of heat for this,” BYD Executive Vice President Stella Li said at an event last week in the capital, unveiling a plug-in hybrid pickup for the Mexican market.

BYD is in the vanguard of Chinese carmakers that are increasingly targeting exports after seizing control of their home market. Tesla CEO Elon Musk warned in January they’ll “pretty much demolish” most other carmakers if trade barriers aren’t erected.

While President Joe Biden has moved to almost quadruple US duties on Chinese EVs, essentially slamming the door on near-term imports, tariffs are more complicated for Europe. That’s because the region’s carmakers are more dependent on the Chinese market than their US counterparts, making them vulnerable to retaliatory measures from Beijing. And Europe’s plan to phase out sales of combustion-engine cars will require cheaper cars to boost mass-market adoption.

Read More: Biden Accuses China of ‘Cheating’ on Trade, Imposes New Tariffs

The EU has launched a probe of China’s EV industry and is nearing a decision on raising barriers, but industry executives and experts have pushed back.

“Tariffs should not be used to shield our lead manufacturers from meaningful competition,” said Julia Poliscanova, senior director for vehicles and e-mobility supply chains at lobby group Transport & Environment. “What matters on top of climate targets, which are critical, is actually to have local jobs and for decarbonization not to result in de-industrialization.”

Read More: EV Market’s Surge Toward $57 Trillion Sparks Global Flashpoints

Founded in 1995, BYD started by making batteries, before expanding into automobiles in 2003. It started passenger car sales in Europe three years ago with splashy displays at both the Paris and Munich car shows. For now it’s the former British brand MG Motor that’s leading the charge, after spending years to rebuild its dealer network and customer base since its 2007 acquisition by Shanghai Automotive Industry Corp. It now has the UK’s second-best selling EV with the Chinese-made MG4, behind Tesla’s Model Y.

Incumbent European carmakers are considering unorthodox steps to counter the challenge, including new alliances. Renault is openly shopping around for partners to cut costs on a small-car platform, while Stellantis will start sales in September of cars made through its joint venture with China’s Zhejiang Leapmotor Technologies Ltd.

“We have no intention to let this price band open for our Chinese competitors,” Stellantis Chief Executive Officer Carlos Tavares said last week about the upcoming European Seagull, dismissing calls for tariffs. “We don’t think that protectionism will give us a long-term way out of this competition.”

Tavares has long emphasized acting swiftly to counter the growing competition. The deal with Leapmotor, forged in October, offers the Jeep and Peugeot owner access to China's cost advantages and advanced EV technology, which the US and EU have said benefit from unfair government aid. While the overall share of Chinese brands in Europe’s electric market was around 7% last year, Transport & Environment projects they could reach 11% this year and 20% in 2027.

Judging by the reviews, incumbent automakers in Europe and the US are right to take the Seagull seriously. Caresoft Global, a Michigan engineering firm that tears down vehicles to evaluate quality and manufacturing techniques, pored over the Seagull to assess money-saving details in its construction.

“Everyone in the industry should be talking about this car, seriously, because it’s quite a vehicle,” Caresoft President Terry Woychowski said in a video posted on InsideEVs. “It changes the definition of cheap and cheery, which basically said, ‘Oh, sell something that’s just really cheap.’ This doesn’t come across that way at all.”

 

Beijingwalker

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China makes good on its threat to America’s EVs: the new invention with which they have conquered the global market​

by D. García
05/24/2024
EVs

Credits: mittechnologyreview.com

Study unveils the EVs trap: the catastrophic mistake you make when buying one

The impossible water engine that shouldn’t exist: combustion and zero emissions, with this fuel

Korea invents a new fuel we don’t know about in the U.S.: goodbye to refueling gasoline


In America, we all remember when China issued an indirect threat to Tesla, which was destined to lead the EVs market. Several years (and a pandemic) have passed, and it is now that they have delivered.

This is the invention with which they are going to conquer the global market, and we don’t mean a battery or a new motor, but something else that we will have almost impossible to beat.

China has made good on its threat to America´s EVs: we have reasons for concern​

The electric vehicle industry has grown significantly within the past years and China is one of the countries where this industry has grown tremendously. EV startups can be counted in hundreds right now, along with leading manufacturers such as BYD, which has expanded internationally.

This quick surge has made China the unchallenged market leader in terms of the manufacture and sales of electric vehicles. These numbers are enough to make some commentary – in 2023 Chinese sold more than 3 m electric cars, leaving far behind the second market – Europe with 2. 3 million EV sales.

Due to this, there is massive adoption of EV technology in cities like Shenzhen, Shanghai and others. China’s consumers have gladly received EVs as flaunting, inexpensive technologies. China’s long and complex supply chains and its ability to produce large quantities of goods also contributed to the increase in production.

Chinese carmaker scaring America: Tesla could disappear from Europe​

BYD Auto – an acronym for Build Your Dreams, was established in the year 2003 in Shenzhen City of China. Starting originally as a battery firm, the company expanded its business line into the automotive manufacturing industry in 2003, and it is now one of the leading producers of electric vehicles.

The increasing sale of BYD electric vehicles; The company managed to sale one hundred sixty-four thousand four hundred and fifty-three electric vehicles in 2021 alone, which is 184% higher than in 2020 where they sold sixty-one thousand four hundred and thirty electric vehicles all over the world.

It is estimated that More than ninety percent of these sales were in China, although it has been exporting to other regions such as Europe, South America, Japan, South East Asia as well. Here, the key annual auto market is the United States where BYD is looking forward to setting up its shop by 2025.

The BYD Seagull that is putting America in check: this is the model that is shooting up among the EVs​

Seagull Auto is one of the competitive and popular electric vehicle companies in China which is state owned automobile manufacturing from Sichuan province. Currently Seagull occupies a niche market nevertheless the company aims to become a leader both on the domestic and global markets.

Seagull was established 5 years ago only, but what this company has achieved is quite phenomenal, particularly in the manufacturing of small, cheap electric cars and SUVs. Its vehicles are equipped with state of the art requirements such as high density batteries, potent electric motors and self-driving assistance.

The company also plans to ramp up production in the near future through expansion of a sophisticated production facility in Chengdu. Seagull project has an ambitious plan to manufacture 200 000 vehicles annually by 2025 starting from quarterly production of 20 000 cars in the same year of 2021.

As for the future development, Seagull has set up strategically progressive frameworks, including extending its product range to more vehicles, developing a larger charging and servicing station network across China, and increasing research on the following-generation battery systems and autonomous driving system.

It is clear that Seagull is going to be a direct problem that we will have to face in America in order not to be left behind in the global EVs industry. The Chinese company has already made a strong entry into the European market and is doing the same in the rest of Asia. Meanwhile, we continue to invest in electrification and, of course, hydrogen development, but at a slow pace.

 

Beijingwalker

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China becomes world's electric vehicle powerhouse, causing concern in EU • FRANCE 24 English

 

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