If you asked the typical European or American about BYD a couple of years ago, only the biggest petrol-head or an astute follower of Warren Buffett’s portfolio could have given you a confident answer on what the company does.

It’s taken a brutal price war with Elon Musk and an ascension to the top of the Chinese car pyramid to change that. Now that it’s left competitors in a “state of shock,” BYD has become hard to ignore.

However, as BYD fights a declining share price, Europe’s automakers have a few reasons to be optimistic that they will fare better in a battle on home soil.

  • hark@lemmy.world
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    9 months ago

    How are the tariffs like? I don’t know about Europe, but the US has a 25% tariff on Chinese vehicles and they’re even considering raising that. Seems like it’d be a major stumbling block.

    • SharkAttak@kbin.social
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      9 months ago

      There’s also the fact that when your country is renown for dirt cheap shit that maybe works, I don’t know if I’d put my butt over a potential bomb.

      • hark@lemmy.world
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        9 months ago

        China is known for cheap shit because of people cutting corners to make a quick buck (e.g. companies outsourcing to China and choosing the cheapest options to maximize profits). When it comes to vehicles, it doesn’t work that way since you scare away customers if such an expensive item fails. China is capable of making high quality things and do all the time. Do you think Chinese phones are exploding all the time?