Why the big car companies are losing China | Business Beyond
Why the big car companies are losing China | Business Beyond
Big carmakers like Volkswagen and Toyota were once top sellers in China. Now they’re rapidly losing ground to a new generation of Chinese companies luring local buyers with advanced – and affordable – electric vehicles. Business Beyond looks at what legacy carmakers got wrong, what Beijing got right and how the next few years could reshuffle the global car industry.
Chapters:
00:00 Introduction
01:20 ‘Nobody thought of China’
04:41 New tech, new chance for Beijing
07:17 The Tesla effect
09:37 Don’t forget karaoke!
12:55 Price war
13:43 Made in China, sold worldwide
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#VW #China #business
German media DW praise a German company success through the free media of Youtube.
You know what DW? I don’t believe you and your VW praising stories about VWs success in China.
Vws size has masked its incompetence.
If it can be updated remotely, the government can also disable your car remotely if they don’t like your political views
Bro why does the chinese dude has a german accent??
Profits vs emissions… save the planet or the economy.
I just watched many videos of the Beijing Auto Show, Chinese Auto makers are driving innovation. Example: Changan E07, transformer in real life.
VW lost its way years ago. Between the unions and the accountants the engineers got pushed out.
Car companies sell their car almost twice the actual cost of car for them. Competition is a must needed in automotive industry.
China is good for every common consumer.
Why do other peoples what to contribute to the wealth of a totalitarian communists state. What would be the forseeable outcome if China dominated the globe? Cheap is not always best.
because China copies and steals their intellectual property rights and interferes with running of their business, they are communist what do you expect!
Well, China is so damn crowded and cameras are everywhere. They can’t drive fast and spiritedly, can they? I suppose that’s why Chinese car makers would put functions which are absolutely unnecessary such as karaoke in their vehicles.
You guys are losing since you guys have been failed to satisfy the new demand: affordable EVs with the same quality as your gas vehicles.
No one cares about China
It’s time the big car makers learn a lesson from decades of over pricing consumers with badly made cars. Cannot wait for Chinese cars for flood the market in the UK
When China was a poor country where were you guys?
why do they always pick up on china. The biggest EV seller in EEA is Tesla. and it has been so for many years. Chinese try to sell 2000 cars in Germany, suddenly becomes a threat to National security? racism and american media manipulation are at its best. perhaps you should check your economic security and sovereinty by looking apple, microsoft, starbucks, tesla all those american companies sucking the money out of germans on a daily basis
Chinese cars expanding in other parts of the world may not be as bad for consumers. The consumers definitely welcome a cheaper option becoming available to them, and the competition in prices and software will also force the traditional car makers to lower their prices and improve their products, which is also a welcoming scene to the consumers. Having said that, it’s sad to see the ICE cars going away and becoming history.
Yet no one talks about how many EV cars are self igniting in china . EVs are a fire hazard
Der Westen hat das Monster gefüttert, und jetzt ist es gewachsen und verschlingt alle.😉🚂🇨🇳🇨🇳🇨🇳
Chinese cars are trending in Saudi Arabia, it’s already taking over the biggest market in the middle east
THlS CHlN3SE P4RTY PR0P4G4NDA lS PUMP3D 0UT 3VERYWH3RE 0N TH3 lNT3RN3T 4ND 4LL 0F lT P4lD F0R BY TH3 3VlL CHlNESE C0MMUNlST P4RTY T0 LUR3 GULLlBL3 4MERlC4N AND EUR0P34N lNV3ST0RS!!!! "A F00L lS S00N P4RT3D FR0M HlS M0N3Y"- AS TH3 S4YlNG G0ES!!! N0THlNG BUT TH3 USU4L C0MMUNlST PR0P4G4ND4!! EV3N CHlN3SE ClTlZENS R3FUSE T0 BUY "CHlN3SE-M4D3" B3C4US3 THEY KN0W H0W B4DLY D3SlGN3D 4ND D4NG3R0USE CHlN3SE C4RS R34LLY 4RE! TH3Y L00K "SHlNY 4ND GL0SSY" BUT AR3 JUST W3STERN KN0CK-0FFS M4DE WlTH lNF3Rl0R QU4LlTY M4T3RlALS- S0M3TlMES BR3AKlNG D0WN 0N 1ST D4Y 0F PURCH4S3!!!
Elon Musk had to know that by opening a Tesla factory in China, he was not just getting Tesla in to the Chinese market, he was creating a Chinese industry in electric cars that would compete with him.
A few years ago fifth gear was mocking the chines cars… Ahh the irony. The west will adopt comunism at some point lol…
Simple, Chinese are copying and making them cheaper
China acquired Tesla’s technology. Tell the truth.
Beijing help its companies or fully subsidized while low balling the market. BYD stole Tesla technology.
China stole/copied all the technology and engineering, of course they can make them cheaper.
western countries sanction them they sanction back
They copy cars and make their own
Very good, analytical and logical presentation of the competitive car scene in China.
Nobody will be around to service many of these Chinese car brands in less than ten years time.
With China EV’s are turning into appliances. Buy new, use until broken, send away for "recycle", buy new, repeat. Nothing green with China EV business.
The European car companies have absolutely nothing to worry about regards to China’s EVs. Anyone who follows whats going with EVs in China will know that the build and reliability is utterly dismal and even dangerous. They may be cheap,but they are cheap for a reason. The EV companies there are paper tigers with poor internal governance both technically and financially. Everyone should know this.
Because VW is too expensive and a rip-off
Since China is helping Russia, stop doing business with them
독일넘들의 헛소리
By year 2030 VW will be lucky to have less than 10% market share in China.😥
China is still honoring the Paris Accord Agreement. Switching to EV is one of the major efforts. The West on the other hand is back tracking..
German Reporter And German Car
China has no money, and they lose tens of thousands of dollars selling each high end EV.
They can’t afford European cars any more.
And when they could, it was all smoke and mirrors.
So are German customers subsidising the price of cars in China, or are German customers being ripped off?
Is this a Kiss-China-A$$ channel ? 😆
We want to do buss as long as we can steal it. Funny how the Chinese embed themselves in western companies , then they take the tech BACK to weopnabise the tech against the nice west, and decide to use “war and threats” to invasions … FUNDAMENTALLY China has a def psychy than he west . For them it’s a NATIONALISM whereas west is neutral on the psychy.
Western companies obeyed poloticians often. That’s many have lost the goodwill of Chinese consumers.
One can’t be hostile and ex9ec5 to get business. Just like country Australia and Italian luxury bag company .
Dont bite the hand’s that feed you.
lol… who had thought you loose against a Chinese company in China
Don’t blame CHINA I pass by a Chevy dealer and they have 90.000 DLLS prices for pick up ..70.000dlls
Come on people does not have money like thay😂😂😂😂
A country developed its national automotive industry. It used foreign greedy companies to get technologies and now will poop on them. What a surprise. China did everything right. Like every other country. Surprise surprise. Western countries probably thought China would just be a milking cow forever for their convenience?))) What a dumb arrogance. LOL
Elon Mask: have you seen their cars?
That’s where GREED gets you
Wasn’t part of the electric argument that the vehicles are simpler with fewer moving parts so shouldn’t it cost less especially now that how to make them should be fully understood