Dunno, seems like a global problem. European car companies are scared too. And they don’t make those big cars.
The only issue I see is that china is very hostile with how it deals with other countries, otherwise this is just the trend of how things work out. In the 80s, it was the japanese car industry.
Even if they changed how would they win?
They’re just too expensive to manufacture as compared to chinese ones.
I am union so don’t misunderstand the comment, but doesn’t BYD rely heavily on terribly paid non-union labor to reach it’s price advantage?
No, it relies on massive automation. Similary their solar industry etc
For example
https://www.theenergymix.com/automation-not-cheap-labour-drives-chinas-solar-and-battery-edge-ritchie/
They could try going for quality or features.
But instead they are only going for size, what 94% of the world does not care for or want. (this includes the 5% of Americans)
Dunno, seems like a global problem. European car companies are scared too. And they don’t make those big cars.
The only issue I see is that china is very hostile with how it deals with other countries, otherwise this is just the trend of how things work out. In the 80s, it was the japanese car industry.
They’ve got to keep their profit margins, or the CEO’s and shareholders might need to take a paycut.
Oh no! Anyway…