Will Chinese BYD cars be successful in the West, Would people in Europe, America, and Canada actually buy them?

[capriVib]

An agreement was signed to build a BYD factory in Turkey, promising to increase local employment. Because of this promise, the government waived taxes on these cars. Since they offered great performance, advanced tech, and were very affordable for their price, almost everyone jumped to buy one. Within just a year, they sold 60,000 vehicles, generating $2 billion in revenue and making $1 billion in pure profit due to the tax exemptions. Fast forward one year, they completely backed out of building the factory in Turkey and announced they will invest $4 billion to build a factory in Hungary instead. As a result of this, 60,000 BYD owners in Turkey are now stranded and facing major spare part shortages because there is no local factory. On top of that, because the agreement was breached, the government is now penalizing BYD, and their cars will be subject to heavily increased taxes from now on.

Updates

17 d

By the way, they didn't stop the Turkey factory completely. They said they suspended the factory for a long time. That looks believable and trustworthy. 😂

Updates

17 d

The EU put big taxes on Chinese electric cars. BYD wants to escape these taxes and make "made in Europe" cars. So, they are putting all their money into Hungary. People in Europe still buy these cars. I think they will buy more cars. If BYD escapes these taxes, why not sell more? But for America, I think they have a long way to go to become popular. First, people must trust them.

[MrOracle]

People who buy them are going to really regret it. They are absolute junk. BYD has crashed in value by about 85% in the last year, and cities who have bought their electric busses have all gone back to diesel busses because the BYD busses are junk.

The Chinese don't even provide after-sale support domestically, so they definitely don't have any interest in providing support internationally. Their cars are built to be disposable and people will be lucky to get 3-4 years out of them.

But people still buy Hyundai/Kia even though they have had major engine problems for 25 years. I have no doubt some people will buy BYD cars too. And they'll be shocked and upset when they die completely in year 3 with 4 years of payments still left to be made.

[FrodoSkywalker007]

I doubt they will want the competition

[FreyaRed]

Car mechanic I know has the opinion Chinese car companies give 5-8 years guaranty on entire car to lure less trusting customers, but they won't respect claims in 3-4 old cars or get bankrupt. He say 2 years old Chinese cars rust like crazy, bolt are completely corroded and need to be opened with heat treatment what increases significantly maintenance time costs, exhaust pipes are made of rust free steel but it's everything welded with welding material that corrodes like crazy... He says those car will be very expensive in maintenance after 3-4 years from production.

In brief. it's a scam and this huge dying off Chinese car companies will happen soon

[Just_Ken]

The Chinese government is subsidising them so yes.

Was talking to a few people at an agricultural show in Britain where Chinese made tractors have made an appearance. The difference in price for similar models is like 30-50% how could any farmer thats going to buy a tractor at £200,000 not save themselves as much as £100,000.

Think EVs are going to make a big difference in cities but its going to be smaller vechiles like scooters and bikes. In the west they are trying to make EVs as just versions of petrol cars with batteries

[loveslongnails]

Those cars will revolutionize the market, and the US automotive industry knows it. That's why they're illegal in the USA, and parts of Europe. The BYD car battery can charge to 97% in 9 minutes. A straight up electric car can go about 400-500 kilometers (240 to 300 miles) on a single charge. And that's today. In 6 months, they'll be better. In a year or two, who knows how good?

As China switches from coal to nuclear, wind, solar and hydro power, the cost of electricity is very affordable there, as is car charging already. If BYD starts making more smaller SUV models and cars that comparable to CLIO's or Mini-Coopers in size, they could make big waves in Europe once countries begin to allow them.

Other car manufacturers need to catch up with their battery technology and keep advancing the game. The sodium battery was written off, but now it's back in play. Imagine all that energy without the heavy metals?

[_Jenny_]

I don’t drive but if I did I’d buy American

[ohsheeT]

They will be if they are anything like Toyota and Honda

[exitseven]

They will have a heavy tariff on these and people in the US will not buy these foreign made pieces of crap.

[andreasderjuengere]

Trust a Chinese, and you are fucked.

[capriVib]

Lol, it doesn't matter for Turkey. As long as we have idiot rulers, the US and others will keep fucking us.

[andreasderjuengere]

I spent 5 weeks in Turkey recently.
You guys deserve better indeed 🙂

[andreasderjuengere]

We have a BYD factory in Thailand as well.
They first lure people into employment with good payment - only to then let them end up in meaningless positions.

[Anonymous]

If they're like the Jaecoo, they'll be trash

Probably just about viable as 3 year leases then scrapped at the end

The ban in private car ownership looks large

[Brendan824]

I hope they come to USA but think lawmakers are trying to prevent that cause it's Chinese

[lilBigPotato]

You see quite a few of them here in Spain.

[DryGermanGuy]

Fuck the Chinese gangsters and their cars.

[In_Trance]

Never going to happen

[indissoluble]

I wouldn't.