News

23361 readers

3330 users here now

Welcome to the News community!

Rules:

1. Be civil

Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.

2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.

Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.

3. No bots, spam or self-promotion.

Only approved bots, which follow the guidelines for bots set by the instance, are allowed.

4. Post titles should be the same as the article used as source.

Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.

5. Only recent news is allowed.

Posts must be news from the most recent 30 days.

6. All posts must be news articles.

No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.

7. No duplicate posts.

If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.

8. Misinformation is prohibited.

Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.

9. No link shorteners.

The auto mod will contact you if a link shortener is detected, please delete your post if they are right.

10. Don't copy entire article in your post body

For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.

founded 1 year ago

MODERATORS

[email protected]

261

Small, well-built Chinese EV called the Seagull poses a big threat to the US auto industry (apnews.com)

submitted 6 months ago by [email protected] to c/[email protected]

185 comments fedilink hide all child comments

A tiny, low-priced electric car called the Seagull has American automakers and politicians trembling.

The car, launched last year by Chinese automaker BYD, sells for around $12,000 in China, but drives well and is put together with craftsmanship that rivals U.S.-made electric vehicles that cost three times as much. A shorter-range version costs under $10,000.

Tariffs on imported Chinese vehicles probably will keep the Seagull away from America’s shores for now, and it likely would sell for more than 12 grand if imported.

But the rapid emergence of low-priced EVs from China could shake up the global auto industry in ways not seen since Japanese makers exploded on the scene during the oil crises of the 1970s. BYD, which stands for “Build Your Dreams,” could be a nightmare for the U.S. auto industry.

“Any car company that’s not paying attention to them as a competitor is going to be lost when they hit their market,” said Sam Fiorani, a vice president at AutoForecast Solutions near Philadelphia. “BYD’s entry into the U.S. market isn’t an if. It’s a when.”

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 47 points 6 months ago (1 children)

Leverage your precious free market capitalism and compete, assholes. It's not a threat, it's an opportunity.

[–] [email protected] 24 points 6 months ago

So, there's a guy Silicon Valley Billionaire named Peter Thiel who released a book back in 2014 called "Zero to One", in which he advocates for the monopoly system and claims any good businessman ultimately seeks to corner the market.

The US car market has been consolidating over the last 40 years, in an effort to cartelize and ultimately monopolize the automotive industry. We've passed a host of regulations and taxes that compel foreign manufacturers to build and assemble cars domestically, to partner with US car firms, and to absorb parts of the market American firms don't want to occupy (US firms have functionally given up making small cars - almost everything is a truck or an SUV now). And we've unleashed our investment banks on East Asian industries, guaranteeing financial control of the largest firms in Korea, Japan, The Phillipines, and Taiwan via our international system of credits and debits.

The goal was never free markets, it was captured revenue streams. As we enter a new high surveillance age, vehicles are increasingly part of the always-on Internet Of Things information network used to continuously monitor anyone with enough money to afford a cellular device.

Excising firms like Huawei, ByteDance, and now BYD from the US marketplace is about cementing that captured state of the American economy and tightening the surveillance network. These are absolutely perceived of as threats, because they don't integrate into our controlled networks. Until Chinese businesses are willing to submit to Five-Eyes surveillance and the Chicago School Economics of the New York banks, they're not welcome in our country.