Chinese automakers pose a growing threat to their American counterparts — even without selling directly to consumers in the U.S. market.
Sales of China-made vehicles are rising at notable rates in Asia, Europe and other countries outside those continents. China recently reported exports of more than 5 million vehicles in 2023, topping Japan to become the top country for car exports in the world.
That volume from well-established, government-owned companies like SAIC and Dongfeng, as well as newer players like BYD, Nio and others, has catapulted China from the sixth ranking to the top seed since 2020. It comes amid declining U.S. vehicle exports as companies such as General Motors have cut international operations. U.S. auto exports in 2022, the most recent data available, were down 25% from their peak in 2016, according to the U.S. Bureau of Economic Analysis.
America — fourth globally in vehicle exports prior to 2020 — ranked sixth in the world last year, falling behind No. 5 Mexico, No. 4 South Korea and No. 3 Germany, according to global consulting firm AlixPartners.
This is a sad ass article with some sad ass comments attached. For background, China subsidizes BYDs electric vehicle production (not domestic sales) as a result they have literal fields of low quality cars they cant sell that they’ve been dumping on the third world.
Things many not be going rosy for any of you, but dont think for a second that the grass is any greener in China. You guys buy a BYD, you’re buying a coffin that will take the fire department hours to put out.
The comments here are weird. Someone even tried to defend the quality of tools from Harbor Freight, which is absolutely bizarre.
Some of the last numbers I could find about BYDs catching fire in China was about seven per day. Even if it’s one per day, that is bad. One per week is still bad.