this post was submitted on 05 Apr 2024
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Electric Vehicles
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It's not impossible to understand. It's currently impossible to mimic.
BYD has vertical integration unlike any other manufacturer. Because BYD has been fostered by the Chinese government to first ensure dominance in their domestic market. And now disruption in foreign markets.
China would not allow or subsidize every stage from raw material mining through vehicle assembly for say GM. They have and will for BYD because it was created to undercut all the existing manufacturers.
I know. But the incumbents have been putting off the transition to EVs for decades in the name of short term profits and now they're caught with their pants down. If they had seriously invested ten years ago, they'd be much further along.
You're both right.
BYD would still be attractive on the value proposition if there were reasonably priced offerings from literally anyone else. But theres no competition within shouting distance of their price point and the reason is the chinese govt.
And the US and EU governments don't give huge subsidies to the automotive industry?
The difference is like letting your kids live at home without paying rent and buying your kid their own place and covering their car payment, credit card bills and utilities.