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Chinese EV maker BYD says new fast-charging system could be as quick as filling up a tank (www.theguardian.com)
submitted 1 year ago by to c/technology@lemmy.world
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[–] 24 points 1 year ago (4 children)

The heavy subsidy by the Chinese government is the reason they would dominate though. The tariffs won’t ever be lifted unless they stop manipulating the prices to be lower than domestic competitors…

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  • [–] 21 points 1 year ago (2 children)

    They would dominate because they make a good product that isn’t more expensive than it has to be. US car companies have discontinued most affordable options to try and force people to only buy larger, higher end vehicles that most people have no use for. Now they’re mad that international companies are willing to sell the products they refuse to.

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  • [–] 13 points 1 year ago (1 child)

    Yes, usa car companies are bitches. But it is laughable that you think the reason it isn't more expensive has nothing to do with being subsidized

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  • [–] 6 points 1 year ago (1 child)

    The reason it is vastly less expensive is due to being subsidized. You don’t seem to understand what is being said and can be backed by facts.

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  • [+] -6 points 1 year ago* (1 child)

    And not the 3.2 billion that the government dumped into them…

    I’ve heard they are good cars but the price is manipulated.

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  • [–] 23 points 1 year ago (2 children)

    so... how much did does the us government give its auto industry?

    They gave us auto companies 81 billion between 2008 and 2014, and continue to subsidize the industry to this day.

    pot meet kettle

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  • [–] 6 points 1 year ago*

    BYD recieved 3.7 billion between 2018-2022 2.2 billion in 2022 alone.

    Ford recieved under 500 million in 2022 but did recieve 1.7 billion in 2023.

    Ford motor apparently has recieved 7.7 billion in subsidies since the year 2000. Usually from states rather than fedrally.

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  • [–] -5 points 1 year ago (1 child)

    Yet we don’t try to sell into the Chinese market for the express purpose of undercutting their domestic product. It’s common sense to not allow that to happen.

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  • [–] 6 points 1 year ago* (last edited 1 year ago) (2 children)

    They don’t because no one would pay double the price for a worse vehicle dude…. To undercut them, they would need to tank their profit, which obviously for good reason, no company would do, it’s also hella illegal to boot regardless. So to answer why? It’s fucking illegal dude lmfao. You clearly have a axe to grind, and aren’t even looking at the actual data, just the bias in front of you regarding “China”.

    People are free to import and buy them, what don you think is stopping them…? Its because it’s a more expensive inferior product. There’s no hidden thing here, there’s no conspiracy. You just can’t understand that China makes cheaper stuff, fullstop.

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  • [–] 1 point 1 year ago

    China is making and selling a vehicle at an impossibly cheap price because they are artificially manipulating the international price. Thats the only issue.

    It’s weird that people can’t understand this BUT when a megacorp does it we all can see it.

    It’s fair to call market manipulation for what it is, even if it’s the USA doing it or China doing it or META doing it. We don’t have to pretend.

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  • [–] 15 points 1 year ago (2 children)

    Government providing money to create innovative new tech and make it available at a lowe cost to their constituents

    Manipulating the prices to be lower

    I just wanted to point out the pervasiveness of capitalist propaganda here. They're not manipulating prices, they're helping their people. It just so happens that our capitalistic systems don't do well when someone helps their neighbor because then we can't abuse them.

    Now don't get me wrong though, I'm not gonna sit here and tell you the Chinese government does no wrong. But in just this particular case I think we're picking the wrong battle

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  • [–] 3 points 1 year ago (1 child)

    Not regulating China when they did the same with photovoltaic cells is what destroyed the German photovoltaic industry, which before that was leading.

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  • [–] 1 point 1 year ago (2 children)

    China helping it's people in a social way destroyed the soul-crushing capitalist system of the western world

    Doesn't sound too bad when you put it that way. China could go about it better, with worker rights and whatnot, but the government pumping money into the hands of the everyman is not something I can be against

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  • [–] 3 points 1 year ago

    The reasons why China can produce so much cheaper than Germany are because Germany pays fair wages, has to get enough taxes to pay for free healthcare and the welfare system, provides free access to education (including universities), has very high environmental standards, ...

    You may be calling a social democracy "soul-crushing capitalist system". I call it home (not Germany specifically but also a social democracy), freedom for everyone to follow their dreams (you can be completely poor and still study whatever you want (with a side job if subsidies aren't high enough) to get the job you want).

    When I need medical help I go to the hospital (or even call an ambulance if it's urgent), get treated, and leave without having to pay anything. For university I'm paying 27€ (~30$) per semester. On the streets you barely see homeless people because there are places where they can go to find food, shelter and advice. Etc.

    Paying 50% of my income (only like 30% when not earning that much) in taxes is well worth it. Sure, private insurance might be better for me personally. But it brings me joy to be able to support this system, all those happy people are well worth the slight extra cost.

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  • [–] 2 points 1 year ago (1 child)

    It is capitalist perspective, but not propaganda.

    If there is meant to be capitalist competition then the competitors should not be massively funded by the government. China massively funds their electric car industry, principally because they own them.

    That said, US carmakers get Government bailouts all the time.

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  • [–] 3 points 1 year ago* (2 children)

    Right but it's the specific use of the phrase "manipulating prices."

    Manipulating has a negative connotation, it's a buzzword used often in capitalist propaganda. They're not manipulating prices, they're subsidizing the industry so that their people can reap the benefits of their taxes in a tangible way. The same way Americans subsidize farmers, and their EV industry. We just don't subsidize it as much.

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  • [–] 1 point 1 year ago (1 child)

    Flooding the market with impossibly cheap products that can’t be competed against isn’t a good thing when anyone does it.

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  • [–] 0 points 1 year ago

    They're not impossibly cheap. They just require support from a larger group like a government subsidy instead of a single corporation's influence.

    If there's nothing wrong with the quality of the product then they're not doing anything wrong. They're just challenging the rest of the world to reduce their prices and increase their quality to beat the competition.

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  • [–] -5 points 1 year ago (1 child)

    They aren’t manipulating, shits just cheaper to make over there. So they can make more profit and still charge less.

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  • [–] 6 points 1 year ago (1 child)
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  • [–] 4 points 1 year ago* (1 child)

    Read your own source maybe?

    For its part, China has declared the EU subsidy probe a protectionist maneuver by Europe, saying that its automakers are winning because they make better products. Of course, even the study’s author say that the rapid adoption of green tech in Europe in particular is due in large part to cheap goods coming from China.

    The source is also a German investigation? So it may not even be entirely factual either dude…

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