this post was submitted on 07 Jan 2024
192 points (91.4% liked)

World News

39032 readers
2428 users here now

A community for discussing events around the World

Rules:

Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.

We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.

All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.


Lemmy World Partners

News !news@lemmy.world

Politics !politics@lemmy.world

World Politics !globalpolitics@lemmy.world


Recommendations

For Firefox users, there is media bias / propaganda / fact check plugin.

https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/

founded 1 year ago
MODERATORS
 

When China’s BYD recently overtook Elon Musk’s Tesla as the global leader in sales of electric vehicles, casual observers of the auto industry might have been surprised.

But what’s caught other carmakers around the world off-guard is something else about BYD, which is backed by Warren Buffett’s Berkshire Hathaway: its low prices.

“No one can match BYD on price. Period,” Michael Dunne, CEO of Asia-focused car consultancy Dunne Insights, told the Financial Times. “Boardrooms in America, Europe, Korea and Japan are in a state of shock.”

BYD can keeps its costs low in part because it owns the entire supply chain of its EV batteries, from the raw materials to the finished battery packs. That matters because a battery accounts for about 40% of a new electric vehicle’s price.

you are viewing a single comment's thread
view the rest of the comments
[–] Meowoem@sh.itjust.works 9 points 10 months ago (1 children)

Subsidiaries enabling a more rapid transition away from fossil fuels by lowering the cost to consumers is a great thing, and what's even more impressive is they're also using subsidized projects to install high-speed or low cost rail lines all over the world.

It's great that there's a country working so hard to help is turn the corner on climate change especially as they're focusing on making life better for the working classes. The country has lots of problems but we all do, they're also doing great things which I think we could learn a lot from them.

[–] Adanisi@lemmy.zip 15 points 10 months ago (1 children)

A lot of people are saying this is bad, but for once, I'm on China's side here.

The faster we pivot away from fossil fuels, the better, by any means necessary.

[–] seejur@lemmy.world -3 points 10 months ago (1 children)

It's bad because it forces a monopoly. Once co.petition is out of the window, they will recoup with monopoly prices

[–] nekandro@lemmy.ml 9 points 10 months ago

China has the most competitive EV market on the planet.