BYD quarterly sales beat Tesla for first time • Hacker News Board

Re: BYD quarterly sales beat Tesla for first time

#121

Post by tivert » Thu, Oct 31, 2024, 2:01 PM UTC

Barrin92 wrote: post #75

tivert wrote: post #58

Earlier quoted context omitted.

> Only reason they wouldn't take off outside China is the astronomical tariffs the West are putting on Chinese cars (100% in the US). Yeah, due to Chinese state subsidies and other assistance, China has a competitive advantage in automobile manufacturing as well as in many other areas. The US needs to show its commitment to free market principles and lets its auto industry die already.

>The US needs to show its commitment to free market principles and lets its auto industry die already. Given that the car industry here in Germany opposed the (even much more moderate) tariffs the state subsidies certainly don't seem to scare them more than a trade war. It's just a repeat of the automotive industry dark ages of the 70s/80s when tariffs vis-à-vis Japan were enacted based on the same reasoning. You're…

> Given that the car industry here in Germany opposed the (even much more moderate) tariffs...

Isn't the German car industry pretty much all-in on China, and thus dangerously exposed to any retaliation? IIRC, they have lots of factories there and depend on their output for a lot of their revenue. It would be pretty easy for China to shut them down or make life difficult them with some kind of pretext.

Boy, do I wish governments shared business's wise preoccupation with next year's numbers.

Re: BYD quarterly sales beat Tesla for first time

#122

Post by tim333 » Thu, Oct 31, 2024, 3:19 PM UTC

ApolloFortyNine wrote: post #9

Etheryte wrote: post #3

Only 7.9 percent of all of their sales is outside of China. They can generate fancy numbers galore on domestic soil where they have both production subsidies as well as government aid for buying said vehicles, but it's very unclear how they're going to fare outside of China.

Only reason they wouldn't take off outside China is the astronomical tariffs the West are putting on Chinese cars (100% in the US). Though depending on the wording, they may be able to just build a plant in Mexico and take advantage of NAFTA. I can't tell from the whitehouse post on the tariff if it's tied to country of the manufacturer or just country of origin (usually it's origin).

BYD have said they don't want to push export to countries where they are not wanted politically.

They seem quite engineering focused which seems to be serving them well.

Re: BYD quarterly sales beat Tesla for first time

#123

Post by tim333 » Thu, Oct 31, 2024, 3:52 PM UTC

Good on BYD. Go engineers!

I've followed them since 2008 when Berkshire Hathaway took a stake.

Here's the founder on why he still lives in a company flat with the other workers

> 6:34 I'm just an ordinary engineer and due to work requirements I became the chairman of this company but after work we're all equal we live and talk together this is our culture. https://youtu.be/oBdDIuYcpGQ

Although he's probably being modest. Charlie Munger thought he was like a new Edison (mentioned jokingly 3 mins in here with Charlie Warren and BillG https://youtu.be/rZ9AooeFe9E)

Tesla used to be cool when Musk was focused on engineering. It's a bit of a pity he's switched to prancing around on stage with Trump.

Re: BYD quarterly sales beat Tesla for first time

#124

Post by HDThoreaun » Thu, Oct 31, 2024, 4:57 PM UTC

tivert wrote: post #58

ApolloFortyNine wrote: post #9

Earlier quoted context omitted.

Only reason they wouldn't take off outside China is the astronomical tariffs the West are putting on Chinese cars (100% in the US). Though depending on the wording, they may be able to just build a plant in Mexico and take advantage of NAFTA. I can't tell from the whitehouse post on the tariff if it's tied to country of the manufacturer or just country of origin (usually it's origin).

> Only reason they wouldn't take off outside China is the astronomical tariffs the West are putting on Chinese cars (100% in the US). Yeah, due to Chinese state subsidies and other assistance, China has a competitive advantage in automobile manufacturing as well as in many other areas. The US needs to show its commitment to free market principles and lets its auto industry die already.

Chinese auto makers dont get any more subsidies than american auto makers get. Domestic sales get tax subsidies but international ones do not, same as US.

Re: BYD quarterly sales beat Tesla for first time

#125

Post by consteval » Thu, Oct 31, 2024, 5:20 PM UTC

polartx wrote: post #29

ApolloFortyNine wrote: post #9

Earlier quoted context omitted.

Only reason they wouldn't take off outside China is the astronomical tariffs the West are putting on Chinese cars (100% in the US). Though depending on the wording, they may be able to just build a plant in Mexico and take advantage of NAFTA. I can't tell from the whitehouse post on the tariff if it's tied to country of the manufacturer or just country of origin (usually it's origin).

Or if the build quality of their vehicles was not up to par with US regulation or the quality standards the US market is accustomed to..which seems very possible given the connotations generally shared domestically around the phrase “made in china”

In the automotive world, US cars are the ones who have an image of poor quality. GM, Ford, and Tesla are routinely viewed as shoddy and suspiciously built.

Re: BYD quarterly sales beat Tesla for first time

#126

Post by nujabe » Thu, Oct 31, 2024, 6:22 PM UTC

_mlbt wrote: post #88

nujabe wrote: post #82

Earlier quoted context omitted.

Isn't that a good thing? Personally, I would much rather be spied on by the CCP than the NSA.

> Isn't that a good thing? Personally, I would much rather be spied on by the CCP than the NSA. Care to elaborate how being spied upon or worse by the CCP could be a good thing? Additionally, depending upon how any hypothetical CCP back doors get implemented, you might get the NSA and others spying on you as well.

The objectives of the CCP are primarily geopolitical, they are not interested in handing over information to domestic law enforcement that relates to my personal life. Further they have limited jurisdictional reach, unlike the NSA.