If you search Zhengzhou many of the results from mainstream media were about ghost cities
The rest are about Foxconn's factory.
This BYD factory were build further down south of downtown.
The size of BYD's factory
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Re: The size of BYD's factory
#312BYD 900k employees vs Tesla 122k https://cnevpost.com/2024/09/13/byd-workforce-exceeds-900000...
They make batteries, regular cars and hybrids and the cost of labor is lower
Re: The size of BYD's factory
#313Earlier quoted context omitted.
Counterpoint: See the speed with which Colossus has been (is being) assembled in Memphis Tennessee. Yes, on an existing industrial site but this is still one damn impressive accomplishment. https://www.servethehome.com/inside-100000-nvidia-gpu-xai-co...
A data center is much easier than building an industrial factory
They had to build themselves because third parties gave longer timelines.
Re: The size of BYD's factory
#314Twitter links no longer load at all on my iPhone. Can someone post an archive link or something?
Re: The size of BYD's factory
#315Earlier quoted context omitted.
With China's real estate sector stagnating (because they've built enough housing for future demand to an excess, broadly speaking), all of that capacity is moving towards clean energy manufacturing. https://en.wikipedia.org/wiki/Made_in_China_2025 https://thediplomat.com/2024/04/how-china-became-the-worlds-...
The doubts about the size of the investment in that Wikipedia article are funny. It's a bit like "We cannot afford to invest in education", but the Chinese are saying "We cannot afford not to invest in education" (Famous quotes, it's more about R&D here). China's leadership is probably terrified of falling into the middle-income trap. It might be the biggest issue on their minds right now. At least I am watching from…
Education has always been important in Chinese culture.
Re: The size of BYD's factory
#316So much roof space, so little PV. I guess in China they don't do rooftop PV as much because the regulations allow for cheaper installations somewhere on a meadow?
Re: The size of BYD's factory
#317Earlier quoted context omitted.
They are prima facie wrong, their overcapacity is bad and actively harmful, this isn't a sign of it succeeding, its a sign of desperation from it failing. There's a type of Western mind that gets distracted by their scale, and getting to build things we built a century ago. Dazzled by the spectacle, this misses that their economy is characterized by deflationary headwinds due to a massive, massive over-investment in…
> There's a type of Western mind that gets distracted by their scale, and getting to build things we built a century ago Where in the US can one find the secret, cross-country high-speed rail built in the roaring twenties?! There's also a type of western mind that automatically dismisses the odds of a different country succeeding, based on nothing but the fact that they are using a different approach (on the surface)…
You don’t have to apologize, man. I was on a Pullman train once but it wasn’t quite a bullet train. I also rode a Western train named Orient Express.
Re: The size of BYD's factory
#318Earlier quoted context omitted.
> it seems they've latched on to something that works better than even democracy and capitalism Wouldn’t this just be plain old fashioned authoritarianism? America can latch on to this too, and we might based on how the Trump admin turns out.
No. One required component is plain old fashioned oversupply of labor. America doesn't have that because all employable people are too rich. China also has an oversupply of skilled labor like engineers, in part because the threat of poverty is a strong motivator to get rich. America also lacks that which you can see in capable young people doing arts degrees with no thought to their future income because it doesn't m…
It's not that life on minimal wage is comfortable, it's that we have been told for a generation now that 'just get a college degree and it will be fine'. Happily amplified by for-profit education investing a lot of money lying to young people (ads).
Ask your local waiter with a college degree if they would have studied something else if they got the chance. My experience is that many would.
Re: The size of BYD's factory
#319Earlier quoted context omitted.
I doubt it. It's much easier to either launder or manufacture the goods in a third country, that benefits from most of the same incentives that made Chinese manufacturing go through the roof. Americans will be buying Chinese goods with "made in Vietnam" or "made in Mexico" stamped on it. The American profit will be in setting up those laundering schemes
If the Trump tariffs are based on country of final assembly, then yes, final assembly will just occur somewhere else, but it will take a couple of years to setup, and the inflation shock by that time will have done a lot of damage to the economy (recession likely, depression possible). It makes sense that it took Trump forever to find a treasury secretary willing to go along with this.
The Trump tariffs will turn the entire world to China. America may no longer be interested in free trade and go full isolationism but many smaller countries can not.
A painful truth is that for Europe the millions of containers with goods from Asia are a lifeline.
Re: The size of BYD's factory
#320The number of construction vehicles doing something versus sitting around waiting for labor in that shot is impressive.
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