6 minutes ago, JBChiangRai said:

 

Nobody minds people wanting to learn, but that is not you four

We understand, you don't like questions they may corner you............

3 hours ago, JBChiangRai said:

@Yellowtail, @ExpatOilWorker, @vinny41, @transam

 

Please go troll someplace else.

 

Actually, I do enjoy their trolling, especially when accompanied with inaccurate and/or ignorant comments.

 

Keep up the good work boys.

3 hours ago, Gweiloman said:

Actually, I do enjoy their trolling, especially when accompanied with inaccurate and/or ignorant comments.

 

Keep up the good work boys.

G-man is the man, we are staying.

 

Here is a bit of factual information:  China 🇨🇳 is sitting on 10 million of un-needed vehicle production capacity. 

Expect more discounts and price wars on all vehicle types. The next few years will be golden times to buy a new car 🚗. 

 

New York Times (Free): https://archive.ph/4jCiQ

 

 

33 minutes ago, ExpatOilWorker said:

G-man is the man, we are staying.

 

Here is a bit of factual information:  China 🇨🇳 is sitting on 10 million of un-needed vehicle production capacity. 

Expect more discounts and price wars on all vehicle types. The next few years will be golden times to buy a new car 🚗. 

 

New York Times (Free): https://archive.ph/4jCiQ

 

 

 

 

Above NY Times article is really good...points out a lot key info.  Yeap, big-time overcapacity in China for ICEV/EV...surely more price-cutting to come on all types of vehicles.   I think the article's subtitle (quoted below) sums it up.    

 

Quote

Manufacturers like BYD, Tesla and Li Auto are cutting prices to move their electric cars. For gasoline-powered vehicles, the surplus of factories is even worse.

 

5 hours ago, Pib said:

 

 

Above NY Times article is really good...points out a lot key info.  Yeap, big-time overcapacity in China for ICEV/EV...surely more price-cutting to come on all types of vehicles.   I think the article's subtitle (quoted below) sums it up.    

 

 

Over capacity increases costs. 

5 hours ago, Yellowtail said:

Over capacity increases costs. 

It will increase sunk cost, but that is OK 👍. 

The Chinese are losing money on every vehicle sold, but make it up on volume.....and state subsidies. 

 

8 minutes ago, ExpatOilWorker said:

It will increase sunk cost, but that is OK 👍. 

The Chinese are losing money on every vehicle sold, but make it up on volume.....and state subsidies. 

 

Atrue believer in bidenomics... 555... I you are losing on every unit and you sell more units... you are not making anything "up"... you are losing more... subsidies are the reappropriation of moneys taken from the citizens to support a failed state program... it is not profit.

3 hours ago, Skipalongcassidy said:

Atrue believer in bidenomics... 555... I you are losing on every unit and you sell more units... you are not making anything "up"... you are losing more... subsidies are the reappropriation of moneys taken from the citizens to support a failed state program... it is not profit.

They could also just continue to lose money 💰 until they go out of business and we can all live happily ever after 😊. 

 

https://www.scmp.com/business/china-business/article/3260236/goldman-sachs-says-escalating-price-war-chinas-ev-market-could-ensnare-byd-push-sector-losses?campaign=3260236&module=perpetual_scroll_0&pgtype=article

 

Isn't this exactly what @KhunLA has been looking for?

....cut the price of its Li Mega multipurpose minivan by 30,000 yuan, or 5.4 per cent, to 529,800 yuan. Launched in March this year, the fully-electric minivan described by its maker as being essentially a “mobile home” is designed to cater to the travel demands of wealthy families and is fitted with a refrigerator and a sofa.

14 hours ago, ExpatOilWorker said:

.... The next few years will be golden times to buy a new car 🚗. 

 

 

Does that mean you'll be buying an EV?

25 minutes ago, JBChiangRai said:

 

Does that mean you'll be buying an EV?

Only if it comes with a big tube of superglue. 

 

Looks like some clips are missing.

9 minutes ago, JBChiangRai said:

Looks like some clips are missing.

You see missing clips, I see missing Chinese quality control. 

9 minutes ago, ExpatOilWorker said:

You see missing clips, I see missing Chinese quality control. 

 

We don't know the history of the vehicle, you may be right, you may not be right.

1 hour ago, ExpatOilWorker said:

They could also just continue to lose money 💰 until they go out of business and we can all live happily ever after 😊. 

 

https://www.scmp.com/business/china-business/article/3260236/goldman-sachs-says-escalating-price-war-chinas-ev-market-could-ensnare-byd-push-sector-losses?campaign=3260236&module=perpetual_scroll_0&pgtype=article

 

Isn't this exactly what @KhunLA has been looking for?

....cut the price of its Li Mega multipurpose minivan by 30,000 yuan, or 5.4 per cent, to 529,800 yuan. Launched in March this year, the fully-electric minivan described by its maker as being essentially a “mobile home” is designed to cater to the travel demands of wealthy families and is fitted with a refrigerator and a sofa.

That's a bit pricey for my O&A budget.   ~฿3M ... That's a lot nights at hotels.

... "Li Auto has priced its multipurpose vehicle (MPV) at 559,800 yuan"

 

And that's the price in CH.   

฿3M / ฿2K = 1500 nights at hotel

If 100 nights O&A, per year, that's 15 years of hotels.

 

Or a decent condo in Krung Thep, and can hang out with daughter half a year, non smog season.   And that would appreciate.  There's that long game again, good for wife & kid at least.

6 hours ago, ExpatOilWorker said:

The Chinese are losing money on every vehicle sold

Fact Check:

 

https://carnewschina.com/2024/04/09/byd-makes-us1250-profit-per-car-as-it-goes-for-market-share-above-all-else/

 

 

3 hours ago, Bandersnatch said:

Fact Check:

 

https://carnewschina.com/2024/04/09/byd-makes-us1250-profit-per-car-as-it-goes-for-market-share-above-all-else/

 

 

Good for them, but not as good as Ferrari 🚗 🚘 😊 😃. 

 

20 minutes ago, ExpatOilWorker said:

Good for them, but not as good as Ferrari 🚗 🚘 😊 😃. 

 

Is Ferrari really a car company, or a marketing company when half their income is from merch?

 

Ferrari produces around $4 billion dollars in sales revenue every year – $2bn of which comes from merchandise.

8 hours ago, ExpatOilWorker said:

Good for them, but not as good as Ferrari 🚗 🚘 😊 😃. 

 

Jeez, the barrel scraping continues. Let's compare profit per sale of a Rolex vs a Casio. A Gucci handbag vs a M&S handbag. A trip on the Orient Express vs a taxi. 

Why on earth would you expect a low priced, high volume, mass market product to be as profitable as an infinitely more expensive, high value, limited production luxury product?

You really are out of ideas and are beginning to look silly, sorry. I had hopes you were coming around and being more reasonable recently but you've just taken ten steps back with this ridiculous comparison - I have no idea what you are trying to prove. Idiotic comparison and it reflects poorly on you.

23 minutes ago, josephbloggs said:

Jeez, the barrel scraping continues. Let's compare profit per sale of a Rolex vs a Casio. A Gucci handbag vs a M&S handbag. A trip on the Orient Express vs a taxi. 

Why on earth would you expect a low priced, high volume, mass market product to be as profitable as an infinitely more expensive, high value, limited production luxury product?

You really are out of ideas and are beginning to look silly, sorry. I had hopes you were coming around and being more reasonable recently but you've just taken ten steps back with this ridiculous comparison - I have no idea what you are trying to prove. Idiotic comparison and it reflects poorly on you.

You mean cheap products like BYD with 1.5% margin high value products like GM making 5% and Tesla making 16%? 

1 hour ago, Yellowtail said:

You mean cheap products like BYD with 1.5% margin high value products like GM making 5% and Tesla making 16%? 

Erm, much better quality than GM (absolute junk) or Tesla (slightly better than junk).

You want your products to be more expensive? If BYD can sell millions of products at a price point that is great for the consumer and makes them money you would rather pay more? For what reason? Please explain why consumers getting a better deal is a bad thing.

Oh, and normally you are supposed to post links to back up random facts.

I'd rather not be gouged, but obviously you think differently. BYD are still very healthily profitable so all is good, no? Yellowtail would rather pay more for his goods so multi billion dollar companies can make more money. Yellowtail has more money than sense?

Tesla's glory gouging days are over, thank you BYD. As for GM, they will die a slow natural death.

https://qz.com/chinas-ev-giant-byd-is-slowly-closing-its-profit-gap-wi-1850979109

Profit per vehicle sold:
 

8 hours ago, Yellowtail said:

You mean cheap products like BYD with 1.5% margin high value products like GM making 5% and Tesla making 16%? 

 

https://carnewschina.com/2024/04/09/byd-makes-us1250-profit-per-car-as-it-goes-for-market-share-above-all-else/

 

I wouldn't call $1,250 1.5% margin

I went from a new 2019 Benz to a new 2024 BYD and the BYD is much better in terms of build quality and materials. 

 

Only thing it lacks imo is the UX of the Benz MBUX system, which was best in class when I bought the car. 

3 hours ago, JBChiangRai said:

 

https://carnewschina.com/2024/04/09/byd-makes-us1250-profit-per-car-as-it-goes-for-market-share-above-all-else/

 

I wouldn't call $1,250 1.5% margin

 

I would not call a magazine article making unsubstantiated claims a financial report either. 

1 hour ago, Mr Meeseeks said:

I went from a new 2019 Benz to a new 2024 BYD and the BYD is much better in terms of build quality and materials. 

 

Only thing it lacks imo is the UX of the Benz MBUX system, which was best in class when I bought the car. 

Where did you find a new 2019 benz in 2024? 

2 hours ago, Yellowtail said:

Where did you find a new 2019 benz in 2024? 

 

That's not what he said

2 hours ago, Yellowtail said:

 

I would not call a magazine article making unsubstantiated claims a financial report either. 

 

You're welcome to post one

12 minutes ago, JBChiangRai said:

 

That's not what he said

 

Indeed: "I went from a new 2019 Benz to a new 2024 BYD..." 

 

It was a joke, get a grip

7 minutes ago, Yellowtail said:

 

Indeed: "I went from a new 2019 Benz to a new 2024 BYD..." 

 

It was a joke, get a grip

 

Very funny, splitting my sides here !   NOT

On 4/20/2024 at 2:31 PM, spidermike007 said:

No. I will buy an American or European made product over a Chinese product, every single opportunity I get. Not only are they higher quality, but I get to deny the subsidized Chinese factories, and the heinous CCP. Call it whatever you like. Makes no difference to me. Never been particularly concerned with criticism, nor name calling.

 

Why? Closer ties to China are not a good idea. They are up to no good. Their intentions are heinous. Their desire for power and dominnance knows no bounds. They cannot and should not be trusted. They are NOT a reliable ally, and are not a good or trustworthy world power. They are only one step above Russia, on the trust scale. Worldwide slavery, and organ harvesting? No thanks Xi. 

 

Perhaps the Chinese should educate themselves on what their own government is doing to the minorities in the West, and Falun Gong members.

Falun Gong practitioners across China are subject to widespread surveillance, arbitrary detention, imprisonment, and torture, and they are at a high risk of extrajudicial execution. The party-state invests hundreds of millions of dollars annually in the campaign to crush Falun Gong, while simultaneously engaging in exploitative and lucrative forms of abuse against practitioners, including extortion and prison labor.

https://freedomhouse.org/report/2017/battle-china-spirit-falun-gong-religious-freedom

The Chinese government has imprisoned more than one million people since 2017 and subjected those not detained to intense surveillance, religious restrictions, forced labor, and forced sterilizations.

https://www.cfr.org/backgrounder/china-xinjiang-uyghurs-muslims-repression-genocide-human-rights
 

China tramples on the rights of protesters, arresting hundreds of students including Professors at various campuses around the country.

 

 

Oh, wait.. I think I inserted the wrong link…

43 minutes ago, Gweiloman said:

China tramples on the rights of protesters, arresting hundreds of students including Professors at various campuses around the country.

 

 

Oh, wait.. I think I inserted the wrong link…

Kent State ... shhh