If you asked the typical European or American about BYD a couple of years ago, only the biggest petrol-head or an astute follower of Warren Buffett’s portfolio could have given you a confident answer on what the company does.
It’s taken a brutal price war with Elon Musk and an ascension to the top of the Chinese car pyramid to change that. Now that it’s left competitors in a “state of shock,” BYD has become hard to ignore.
However, as BYD fights a declining share price, Europe’s automakers have a few reasons to be optimistic that they will fare better in a battle on home soil.
No, cause that would stop the spyware.
A car is basically a phone on wheels these days so I guess that means the car won’t explode either and we’re all good. All brands of phones and cars spy on you now, by the way, it’s not restricted to one country.
Simp all you want, it won’t change anything.
If countries weren’t afraid of Chinese EVs eating into sales of domestic vehicles, they wouldn’t be applying tariffs like the US’s 25% tariff on Chinese vehicles, a tariff they plan on increasing, by the way: https://www.reuters.com/world/us/us-lawmakers-want-biden-hike-tariffs-chinese-made-vehicles-2023-11-08/
So what? I never said anything about them being afraid. OTOH, using low low prices to wedge themselves in the market and kill competition is their common tactic.