BYD Got €3.4B Chinese Aid to Dominate EVs, Study Says
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Re: BYD Got €3.4B Chinese Aid to Dominate EVs, Study Says
#2I don't often say this, but I feel like the reddit comment section covers all the bases https://old.reddit.com/r/electricvehicles/comments/1c2ixsh/b...
Re: BYD Got €3.4B Chinese Aid to Dominate EVs, Study Says
#3This is like the Dr Evil scene in Austin Powers when he suggests holding the entire world to ransom for 1 million dollars, and is confused by his henchmen being underwhelmed by what he thinks is a big number.
Of course he'd been frozen for 30 years of inflation and progress, not sure what the authors of this report's excuse is.
Re: BYD Got €3.4B Chinese Aid to Dominate EVs, Study Says
#4I assume this similar to the west when we give our own industry subsdies ? Why are we not using "Dominate" in the headlines when we do it?
Or am i missing something?
Re: BYD Got €3.4B Chinese Aid to Dominate EVs, Study Says
#5That seems cheap. The German state pissed away €76B in mostly non-productive Covid aid, made subsidy fraud so mindbogglingly easy, it resulted in billions of illegitimate aid paid out. Unbelievable levels of incompetence and/or corruption. It does not matter what other countries do, when our government shoots our own country with a bazooka. Western Europe is crumbling, besieged from the outside, corroded from the inside. Darkness beckons. Source (German): https://archive.is/Ai8u1
Re: BYD Got €3.4B Chinese Aid to Dominate EVs, Study Says
#6That seems cheap. The German state pissed away €76B in mostly non-productive Covid aid, made subsidy fraud so mindbogglingly easy, it resulted in billions of illegitimate aid paid out. Unbelievable levels of incompetence and/or corruption. It does not matter what other countries do, when our government shoots our own country with a bazooka. Western Europe is crumbling, besieged from the outside, corroded from the ins…
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Re: BYD Got €3.4B Chinese Aid to Dominate EVs, Study Says
#7This seems really low. If we could throw 3.4b at a new car company and get the awesome suspension tech and price points of the BYD cars then that’d be huge. If every country could do this domestically, even better!
Re: BYD Got €3.4B Chinese Aid to Dominate EVs, Study Says
#8That seems cheap. The German state pissed away €76B in mostly non-productive Covid aid, made subsidy fraud so mindbogglingly easy, it resulted in billions of illegitimate aid paid out. Unbelievable levels of incompetence and/or corruption. It does not matter what other countries do, when our government shoots our own country with a bazooka. Western Europe is crumbling, besieged from the outside, corroded from the ins…
>That seems cheap.
That is insanely cheap when you see how much money the German automakers have pissed away. For example, Daimler's Smart car brand alone posted over 4 billion Euros in losses. They could have gone to space with that money.
Not just in Germany either, but France and Italy, they're all pushing crazy money in the local auto industry for the sake of maintaining local jobs, with little else to show for.
By comparison, the Chinese taxpayer got a really good deal here.
>it resulted in billions of illegitimate aid paid out.
Ah yeah, I remember watching a report on ZDF while the authorities were repo-ing someone's Bentley, how during Covid the German Gov was reimbursing test centers money for Covid tests without requesting any solid proof that the tests were actually made.
So an entire industry sprung up where everyone and their mom were opening sham covid test centers but only on paper, and so enterprising individuals were making hundreds of thousands of Euros from submitting fake reimbursement claims to the government which the government paid outright without doing any checks.
In general the German government is totally shit at being eficient and fiscally responsible with it's citizens' money. They spend like drunken sailors on useless crap during the good times, and when the bad times come it's "sorry bruh we're broke, time for public service cutbacks".
Re: BYD Got €3.4B Chinese Aid to Dominate EVs, Study Says
#9This is like the Dr Evil scene in Austin Powers when he suggests holding the entire world to ransom for 1 million dollars, and is confused by his henchmen being underwhelmed by what he thinks is a big number. Of course he'd been frozen for 30 years of inflation and progress, not sure what the authors of this report's excuse is.
>not sure what the authors of this report's excuse is
Not being good at his job.
Re: BYD Got €3.4B Chinese Aid to Dominate EVs, Study Says
#10Just 3.4 billion euros? American VCs have collectively spent much more on many failed EV startups..