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Re: The EV thread

Reply #150 –
I saw some random youtube video on BYD and how they are heavily backed by the chinese government and its not sustainable and could potentially go bust if one of a couple things happen.
It was kinda just on in the background, but it seemed theoroughly researched and plenty of facts and figures based on annual figures etc etc.

Was a bit worrying as if any of it came to fruition, it would cause complete chaos to the car market.

Re: The EV thread

Reply #151 –
Quote from: kruddler – on
I saw some random youtube video on BYD and how they are heavily backed by the chinese government and its not sustainable and could potentially go bust if one of a couple things happen.
It was kinda just on in the background, but it seemed theoroughly researched and plenty of facts and figures based on annual figures etc etc.

Was a bit worrying as if any of it came to fruition, it would cause complete chaos to the car market.
BYD get looked after by the Chinese Government with subsidies and cheap state bank loans because they are seen as a national success story, they do have some debt but its not extreme.
Founder led listed business on the HK exchange and the Chairman who runs it is a keen CCP member with an interest in China's strategic position and hasnt had to have his arm twisted to align himself with Xi's directives.
Their sales figures have dropped at home but with Xi helping him out Id expect that to be mitigated and they will stay on top of the  EV heap while the brand stay aligned with the Government..
 

Re: The EV thread

Reply #152 –
Quote from: ElwoodBlues1 – on
Quote from: kruddler – on
I saw some random youtube video on BYD and how they are heavily backed by the chinese government and its not sustainable and could potentially go bust if one of a couple things happen.
It was kinda just on in the background, but it seemed theoroughly researched and plenty of facts and figures based on annual figures etc etc.

Was a bit worrying as if any of it came to fruition, it would cause complete chaos to the car market.
BYD get looked after by the Chinese Government with subsidies and cheap state bank loans because they are seen as a national success story, they do have some debt but its not extreme.
Founder led listed business on the HK exchange and the Chairman who runs it is a keen CCP member with an interest in China's strategic position and hasnt had to have his arm twisted to align himself with Xi's directives.
Their sales figures have dropped at home but with Xi helping him out Id expect that to be mitigated and they will stay on top of the  EV heap while the brand stay aligned with the Government..

I think one of the issues would be if the Chinese government stopped subsidising them, they would crumble like a house of cards and just as quick.
I think sales figures have also been inflated, with 1000's of them being 'bought', but rusting away in a car park somewhere.

Re: The EV thread

Reply #153 –
BYD sell batteries, China always use the same tactics to kill the market then boost prices. The problem for them is India is now rapidly coming online as a competitor. I have Chinese business associates who have started buying India made to sell into China, because they tell me China can't compete on price and the only thing the China domestic market cares about is price. When the subsidies dry up, the market collapses at an astonishing rate.

btw., You can now purchase re-badged BYD under dozens of different brand names, each one gets cheaper and nastier.

Everyone I talk to tells me the new EV Mazdas are a cut above the accepted standards and sensibly priced, but that they too will struggle to compete in a cutthroat market.

There is a lot of argy-bargy in EV circles about hydrogen being dead / defeated, but it's just a hiatus, there have just been a series of R&D breakthroughs that will make hydrogen generation and transport cheaper and greener. It's going to appear in heavy transport and mass transit first, where depos are easily retrofit for refuelling, but it's inevitably coming to residential. The only thing slowing the uptake are the subsidies on batteries, and distribution.
"Extremists on either side will always meet in the Middle!"