28
BYD is coming for Europe—but high labor costs, connectivity issues, and stubbornly loyal customers might trip up the Warren Buffett-backed EV maker that’s leaving competitors in a ‘state of shock’ (fortune.com)
submitted 7 months ago* (last edited 7 months ago) by MicroWave@lemmy.world to c/evs@lemmy.world
35 comments fedilink hide all child comments

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.

you are viewing a single comment's thread
view the rest of the comments
[-] hark@lemmy.world 2 points 7 months ago

Never going to get a newer car?

[-] Tristaniopsis@aussie.zone 1 points 7 months ago

Who the fuck can afford that?

Well… I mean lots of people do but not me.

And ‘new’? I don’t think new straight-off-the-lot is very good value anyway due to depreciation. I’d much rather have a used car in good shape that’s had the bugs ironed out of it than play the shiny-shiny game. Fuck Veblen goods.

[-] hark@lemmy.world 1 points 7 months ago

A hundred years can pass but a 2020 car is still newer than your current car. Chances are that the company that makes that car is still willing to collect data from the vehicle if they think they can make more money off of that data than it costs to keep it connected.

[-] Tristaniopsis@aussie.zone 1 points 7 months ago

Yup. I agree.

this post was submitted on 29 Jan 2024
28 points (96.7% liked)

Electric Vehicles

3123 readers
1094 users here now

A community for the sharing of links, news, and discussion related to Electric Vehicles.

Rules

  1. No bigotry - including racism, sexism, ableism, homophobia, transphobia, or xenophobia.
  2. Be respectful, especially when disagreeing. Everyone should feel welcome here.
  3. No self-promotion
  4. No irrelevant content. All posts must be relevant and related to plug-in electric vehicles — BEVs or PHEVs.
  5. No trolling
  6. Policy, not politics. Submissions and comments about effective policymaking are allowed and encouraged in the community, however conversations and submissions about parties, politicians, and those devolving into general tribalism will be removed.

founded 1 year ago
MODERATORS
whoopThereItIs@lemmy.world
pushpush@lemmy.world
cosmic_slate@dmv.social
cosmic_slate@lemmy.world