And, a recent tour of one of the Asian powerhouse’s vehicle plants has proved this beyond a shadow of a doubt, at least to Honda President and CEO Toshihiro Mibe.
“We have no chance against this,” Mibe said upon a visit to a Shanghai parts factory, commenting on its seamless automation across all levels of production. Logistics, procurement and all aspects of the process were so automated, in fact, that he did not spot a single human worker on the supplier’s floor.
Ford executives saying even three years ago that China was way ahead of the game
Toyota’s CEO has likewise said regarding not just his company, but the industry in general, “unless things change, we will not survive”
Luckily, I don’t have a car.
Oh no my portfolio… Seriously, there’s something called competition, it’s been around for a long time. If Chinese companies continue pushing ahead while US companies remain complacent then that’s just what will happen. These older car manufacturers have had DECADES to prepare for the newer battery tech to design and build good affordable BEVs, but they just didn’t.
This is what happens when billionaires try to steal the future. Read about the General Motors EV1. Oil companies have fought against the development of EV charging infrastructure in the US.
Bullshit. They will survive. Albeit under some “rearranging” down at corporate. Brand loyalty does have a crossover effect despite all indications of an entirely different product. Seriously. People will purchase just because of name brand loyalty alone. Maybe all these auto producers will be absorbed into a global manufacturing mega company that will spit out absolutely crap products until it is distilled down to what the people truly demand. (Lol) And what the global futures have in mind for all of us.
So the US will be very limited in their options for EV’s in the future. The bastion of freedom and choice is strangled by monopolies. It becomes more realistic every day that this will the Chinese century and the fall of faux Christian empire (at least that how they see themselves).
also very expensive too.
I don’t want cars to survive.
Well than they need to make better, more competitive products, lol. More competitors might be bad for the billionaires, but it will be great for consumers. As a Canadian, I’m tired of the price fixing monopolies we have here. Open up the market for the consumers, and we will decide! Fuck the rich!!
Lol. Lmao, even. Let them come
Herp my derp look who is mad about the “free market” now?
Don’t come crawling to us for bailouts this time
they already are, it’s why you see no Chinese evs in the USA, American car companies cant compete, so you get expensive cars as the tax on that
and that would be ok if the US car companies were frantically retooling before the tariffs ceased in a couple years but they aren’t, they’re just stalling and the C suite is kicking the can down the road until its someone else’s problem. They’re well as are through.
arnt they tariffed to hell during bidens term, they dint want china competing with thier evs, now people arnt buying it because its expensive.
Of course I’m not invested in individual transportation companies. Even less with the ones refusing to set on EVs.
OH NO! THE FREE MARKET IS WORKING BUT NOT IN OUR FAVOR!!!
Genuine question is this the free market?
Is the CCP subsidizing these super cheap cars?
Which isn’t to say the US isn’t doing the same. 2008 should’ve meant the death of much of the American auto industry
Oh they likely are, just like the us does for their own auto industry. The free market part is simply a cheaper car that appeals to more people, it coming from China is the only thing really holding it back. Well and maybe the spying, but I don’t know how bad these are on that front.
I would buy a BYD tomorrow…shame they’re not for sale here…
i have a BYD jer in Australia but there’s now so much chance. I’d like a Xaiomi YU7 but they’re not in Australia (RHD country) … yet.
That’s the problem with disrupters, people are so involved with dismissing them that they don’t see what’s happening. For years it was all about cheap Chinese labour then turn around and discover that it’s really all about robotic factories and slick organisation. Throw in EVs and it’s the same but worse.
People always point out that China “isn’t really a Communist country.” And while they certainly are different from the days of Mao, they forget that, from the beginning, the goal was to treat the market economy as a means to an end. The CCP values market economics because it allowed China to quickly industrialize. They don’t value capitalism for its own sake; they view it as a necessary evil.
Because of this, they’re able to do the kind of long term industrial planning that is unthinkable in the US. And there’s ultimately likely to be a lot less resistance to mass automation in China than in the US. If the state owns all the automated factories and distributes their goods fairly to all, why oppose automation? Automation is only a bad thing if it represents losing your livelihood, your method for keeping a roof over your head.
“Detroit Motor City”. I.e subsidizing losses.
Of course you could apply protectionism, but that wouldn’t be fair and would set a public precedent on the global markets.
But yeah, the petroleum lobby really managed to screw us sideways. All those anti EV, anti solar and anti wind campaigns.
It is perhaps the biggest, oldest, slowest moving and most fraudulent of bailouts in all of history.
We are just that stupid.
'Murica!
How many of those companies spent literal billions of dollars on stock buybacks to inflate share market price over the last decade instead of investing in the people and facilities and products to remain competitive. Even if there is dumping I doubt it’s anywhere near the combined spent on share price inflation buybacks & savings instead of investing in the workers and business, these companies enjoy unjustified tax breaks and subsidies from their governments as well.
This is a the economy being equated to wealth/investor class problem. Workers in and around cities want cheap affordable evs & charging infrastructure for renters, mechanics and parts producers want to build and work on affordable evs. People who own stocks expecting growth returns and executive compensation want to sell 10 cars a year for a trillion dollars each if they could.
Yeah, this is what bad leadership is. Lack of leadership really. China and the US both found themselves the manufacturers of the world.
China took the money and built an infrastructure. The US took the money and destroyed unions…
It all went up oil subsidies…
