BYD controls roughly 70% of Mexico’s EV market, with cheap vehicles attracting middle-class buyers seeking alternatives to rising gasoline costs and traditional electric cars.
BYD controls roughly 70% of Mexico’s EV market, with cheap vehicles attracting middle-class buyers seeking alternatives to rising gasoline costs and traditional electric cars.
I’m against blanket tariffs, but there is a lot of evidence that China is pumping money into their EV market so they can dominate. Additionally, part of the recent surge in Chinese EVs is that the companies have oversaturated the local market and are over leveraged, meaning they need somewhere to dump their cars. Without tariffs, you let another country destroy your local market (in a potentially unsustainable manner).
And the western countries don’t massively subsidise their automotive industries? The difference is that the subsidies in China are actually a product of a consistent industrial policy rather than just shoving public money into the coffers of the rich.
Yeah, and China also has a lot of policies about who can operate in their country and who can sell what.
Not at the level of BYD, the Chinese government has let them slide $4B into the hole.
“BYD’s net profit fell by nearly one-third in the first three quarters of 2025, while its debt burden surged several-fold.”
“Although BYD still ranked first in China’s new-energy vehicle market with retail sales of 307,000 units in November 2025, year-on-year sales dropped sharply by 26.5 percent.”
Why - because once the idiots initially buy these cars, reality hits with quality problems and recalls.
“As the saying goes, consumers “vote with their feet.” With mounting quality complaints and an increasingly challenging economic environment, BYD has begun facing inventory buildup and slowing sales.”
https://www.visiontimes.com/2025/12/16/byd-faces-mounting-inventory-and-surging-debt-as-quality-complaints-flood-the-internet.html
Nope. It’s because BYD was getting ready for 2026. While other companies are worried about sales BYD’s concern was prep work. Keep an eye on Europe.
Oh no. My cheap economic car isn’t as reliable as a Toyota but still isnt suffering reliable issues of a $60k+ domestic.
You’re saying “a lot of evidence” like it’s some esoteric choice. It’s in their most recent 5 year plan:
That’s their goal, and they have a poorer population on average than western states, so it’d seem like “dumping” when it’s just them not marking up their cars for the west.
They are literally dumping cars in Australia.
Seems like this is more of a case of the owner not going through legal means before investing in these cars and or using their space as storage, because it’s not like these just appeared on the owner land without their approval.