GLGT... BYD is another Evergrade in the making....

[jeff79]

The problem is the CCP and Xi has no experience and education running capitalist business. Anything they think is shiny they throw money at it. EV and AI are two examples of the lack of education and experience the CCP have in those fields. It's why over 30 millions Chinese died when the CCP great leap forward which was more like a great leap backwards.

The car industry is sickle. It means no countries can support 500 car manufacturers. It means good year is when there a high numbers of cars that their owner need to replace. In bad years there are a lot of car running well.

Xi picked the wrong industry. Instead of giving tax incentive to Chinese car buyers, he gave the money to car manufacturer. The more car the manual produce the more money they get from the Chinese government. That basically destroyed China car industry. It also shows the lack of education and corruption.

Tesla rapid grow was due to tax incentives for buyers and not for EV manufacturers. Consumer get iirc $5,000 or $10,000 tax credit for purchasing an EV. This prevented car manufacturers overproducing. The subsidy went to the consumer and not the car manufacturers.

That is capitalism seed funded as many startup as possible with hope that just a few rose to become unicorn. Expected 99% of the startup to fail in the fierce competition along the way.

Successful in ev, battery, rare earth metal, internet, ai, semiconductor sectors. Produced a few unicorn in each sector big enough to complete with top global companies.

 

[kgluong]

That is capitalism seed funded as many startup as possible with hope that just a few rose to become unicorn. Expected 99% of the startup to fail in the fierce competition along the way.

Successful in ev, battery, rare earth metal, internet, ai, semiconductor sectors. Produced a few unicorn in each sector big enough to complete with top global companies.

This isn't capitalism. You're confusing government funding with private funding. Capitalism is about being efficient.

You got idiots in the Chinese government destroying one industry after another. You got scammers taking full advantage of the free money the Chinese government are offering.

Chinese auto industry is dead because they over produced. They aren't efficient because they aren't forced to by the market. The Chinese government gave them a lot of money without understanding how things work.

Just In Time manufacturing created by capitalists to save money and increase profit. It was market forces the development of just in time manufacturing possible.

 

[Youshallnotknow]

Go search youtube channel :leonard

you all will love it

 

[kgluong]

Maybe they can give it for free to their residents.

That's will takes decades to absorb the excess inventory by the market. Chinese auto makers will see very low sales of new cars for decades

 

[artncraft]

BYD makes a lot of money and it has a lot of innovations.

BYD’s 2024 profit jumps 34% as new EV sales surge 41%

BYD Company Limited reported a 34% increase in net profit for 2024, reaching 40.25 billion yuan (US$5.6 billion).

https://www.techinasia.com/news/byd...mited reported a,surging 72% to 417,000 units.

 

[hardwriter]

Don't understand how BYD can end up like Evergrande when customers, products, debt levels are all different in different industries

 

[cyke69sg]

Don't understand how BYD can end up like Evergrande when customers, products, debt levels are all different in different industries

Why does BYD need to register zero mileage used BYD cars then?

Oversupply is oversupply. Not good.

 

[cyke69sg]

BYD should flood the SG car market with subsidies. Basically make the car free PLUS give subsidy for COE.

So the cost of the car is maybe $50k with COE included. I am sure the BYD cars will "sell" very well.

 

[hardwriter]

Why does BYD need to register zero mileage used BYD cars then?

Oversupply is oversupply. Not good.

Eh bro.

These chinese juggernauts got the power to do whatever it takes to bring down the amdk competition.

 

[shock]

BYD should flood the SG car market with subsidies. Basically make the car free PLUS give subsidy for COE.

So the cost of the car is maybe $50k with COE included. I am sure the BYD cars will "sell" very well.

Yes. Make every carport at least 70% BYD car. Then see how EV owners charge their car

 

[cyke69sg]

Eh bro.

These chinese juggernauts got the power to do whatever it takes to bring down the amdk competition.

But I want to buy BYD in Canada also cannot. They don't sell it here.

Canada put 100% tariffs then they dowan to come Canada to sell.

Why like that?

Just make BYD car free. 100% tarriff of $0 is $0.

Just give us free I will drive the cars. But China company dowan to come here to sell.

"Whatever it takes to bring down the competition" ke lan.

 

[cyke69sg]

Yes. Make every carport at least 70% BYD car. Then see how EV owners charge their car

China will pay for the charger ports all over the world.

"whatever it takes to bring down the competition" right?

 

[Ethan_]

The problem is the CCP and Xi has no experience and education running capitalist business. Anything they think is shiny they throw money at it. EV and AI are two examples of the lack of education and experience the CCP have in those fields. It's why over 30 millions Chinese died when the CCP great leap forward which was more like a great leap backwards.

The car industry is sickle. It means no countries can support 500 car manufacturers. It means good year is when there a high numbers of cars that their owner need to replace. In bad years there are a lot of cars running well.

Xi picked the wrong industry. Instead of giving tax incentive to Chinese car buyers, he gave the money to car manufacturer. The more car the manufacturers produce the more money they get from the Chinese government. That basically destroyed China car industry. It also shows the lack of education and corruption in the Chinese government.

Tesla rapid grow was due to tax incentives for buyers and not for EV manufacturers. Consumer get iirc $5,000 or $10,000 tax credit for purchasing an EV. This prevented car manufacturers overproducing. The subsidy went to the consumer and not the car manufacturers.

Think impression from many a story, its how they do things to accelerate grow. If not how they achieved success in so many aspects in such a short time. Much faster than many developed places. But as with anything, everything have both sides, got good will have bad. There will be a cost involved.

Anyway, as the story goes, they need leadership in the industry to equate to that of the giants in other places. So, they pump money in at the source to encourage more players in the market and let them fight it out for an ultimate winner to emerge. Its abit like the 养蛊 read in many a story.

Think they did that to the property industry also. Giving a lot of leeway to the developers to spin money. But that didn't end well now from hindsight see. Not sure its intentional or simply just oversight. But impression from many a story (not sure how true) think it made alot of 关系户 rich in the process also.

Think impression its about the same with many a industry there. When they first moved to market economy, they needed an initial batch to be rich, so as to lead the way for others. And alot of rules have not be set yet. Thus that was the golden era then where many anyhow do, do it the cowboy way also can get rich.

But one thing for sure (impression from hints in many a story), those that got rich in the process is got it cause those at the top close one eye of sort let them get rich one. Doesn't mean they can interfere and influence those decisions at the top. When the top need their service, they need to do it willingly.

And impression, there the top goals are always the priority. Even if it means some sacrifices on the rich end. There are quite some super rich who let their success (at the grace of those at the top) got to their head and started to think that they are too big to fail, can challenge certain things at the top.

Think that's why later on there are alot of heads roll among the very rich or connected also. And some ran road. As they crossed the line, stepped on the tail of, and irk those at the top. Those at the top can make them rich, can also make them poor, and beat them back to zero.

But then think all along to many, if not most rulings, as the saying goes, 一将功成万骨枯. To get success there will be sacrifices. And often its the people at the bottom of it that suffer most. Collateral damage perhaps. Its a necessary evil of sort. Not unique to any place.

Think local also not short of such when it pushes certain things at the expense of people. So called for the greater good, where the people have to take a back seat. These are the cost. But its how they balance it out to avoid too much negatives, and avoid the negatives from backfiring on them, that matters. Like how local do it to suppress or so called pacified the people jjww and kpkb perhaps.

 

[hammerhammer]

BYD makes a lot of money and it has a lot of innovations.

BYD’s 2024 profit jumps 34% as new EV sales surge 41%

BYD Company Limited reported a 34% increase in net profit for 2024, reaching 40.25 billion yuan (US$5.6 billion).

https://www.techinasia.com/news/byds-2024-profit-jumps-34-as-new-ev-sales-surge-41#:~:text=BYD Company Limited reported a,surging 72% to 417,000 units.

Evergrade also making tons of money before suddenly collapse

 

[Itsthatguy]

.........................You got scammers taking full advantage of the free money the Chinese government are offering.

....................... The Chinese government gave them a lot of money without understanding how things work.

................

CCP gov spent alot of money funding ev research (hybrid and full electric) in all the universities all over china before the china olympics, and it came to naught. All money wasted on these "research scams" Thereafter, they managed to obtain US tech and engaged in development and move on from there.

 

[hammerhammer]

CCP gov spent alot of money funding ev research (hybrid and full electric) in all the universities all over china before the china olympics, and it came to naught. All money wasted on these "research scams" Thereafter, they managed to obtain US tech and engaged in development and move on from there.

Ya nothing beats the good old ICE and hybrid. Look across the border can see Haval and Tank selling quite well. Both are from Great Wall Motor group.

 

[Itsthatguy]

Go search youtube channel :leonard

you all will love it

This one? Learnt something new from this vid "不是你不知道，而是你不能知道!"

 

[Big Chicken]

Chinese auto industry is dead because they over produced. They aren't efficient because they aren't forced to by the market. The Chinese government gave them a lot of money without understanding how things work.

It’s like the old Mao days where everyone was overproducing low quality steel/wheat. Only now it is shiny bombs on wheels.

 

[bakuten]

That is capitalism seed funded as many startup as possible with hope that just a few rose to become unicorn. Expected 99% of the startup to fail in the fierce competition along the way.

Successful in ev, battery, rare earth metal, internet, ai, semiconductor sectors. Produced a few unicorn in each sector big enough to complete with top global companies.

sounds like classic mal-investment to me.

 

[Medicated Oil]

That's will takes decades to absorb the excess inventory by the market. Chinese auto makers will see very low sales of new cars for decades

The battery should be dead by then.
That is why the old petrol engine is better.
If the car built with inferior material, it will dis-integrate within a few years.
Or a huge fire will help remove all of them into ashes.