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This is such a tired argument. Literally the only remaining US automakers are GM, Ford, and Tesla. A vast majority of car sales in the US are foreign brands not domestic. BYD is being propped up just the same as what you're claiming here, which is why no other automaker in the world outside of China is able to beat these Chinese prices, so how is this alternative better for anyone?
China is doing this in order to dominate the market wherever they're allowed to enter, and are well equipped to undercut those local markets for as long as it takes to put everyone else out of business. They control a majority of the minerals needed for EVs so they get to set the external and internal price. They have lax safety and environmental regulations. They already control much of the world's manufacturing capacity. They're a massive country with a massive workforce.
Allowing them to dominate the world auto market in order to buy one or two cheap new cars (before prices shoot back up because monopoly) is going to be bad for everyone.
Picking up our bat and ball and stomping off home is a worse alternative. At school next week everyone will be talking about the great game that we completely missed from our own stubborn pride.
Allowing Chinese companies to dominate the world auto market so our legacy manufacturers can eke a few more years profit from obsolete technology isn’t going to help anyone. After those couple years, our legacy companies will be that much farther behind, unable to compete in a market dominated by those who were not afraid to compete
Its not "picking up our bat and ball and stomping off," it's recognizing that this new "team" is full of ringers who take no issue with cheating to win, who will pay referees to give them favorable calls, and who will only put on a good show for the crowd for as long as it takes to secure 1st place. This team also happens to control the supply of bats and balls and ensures that they get the best of the best at no cost while other teams are getting second rate bats and balls at sky-high prices. Those people talking about "how great the game was" don't see or understand any of this, so their opinions should be disregarded. They didn't witness a real competition, they witnessed something akin to a Harlem Globe Trotters or a WWE match.
You're still framing this as if it's about protecting our companies, but this is protecting our market, our jobs, and our agency as a nation. US companies only make up a small part of all this.
Furthermore, if you look at the situation in China with EVs, they have entire graveyards of practically new EVs rotting away because they're turning the automotive market into yet another segment of cheap, disposable products, which is not only terrible for consumers but also for the environment.
Are you really that desperate to buy a brand new car every year like its the latest iPhone that you'd upend the entire world market and put millions and millions of people out of work not just in the US but in the rest of Asia, Europe, Canada, and Mexico? Do you really think they'll continue the massive subsidies driving their prices so low once all the competition is gone? To get a little conspiratorial, with the design of modern EVs being entirely software controlled with wireless links back to the "mothership", are you willing to hand over control of the nations' entire fleet of vehicles to a single government entity that has demonstrated time and time again that they're willing to use whatever force necessary to maintain complete control and keep everyone in line?
No i think china decided to invest in manufacturing of future cars. They planned years ahead, developing rare earths and batteries. Then they encouraged new vehicle manufacturing, supported them, pushed them, invested in them, things that all countries do to build a priority industry. Sure there’s some inefficiencies, they wasted some of their money. But they dominate rare earths, dominate batteries, and are on their way to dominate EV manufacturing.
I’m all for some amount of protectionism, some amount of investment, planning on related technologies. We need to fight on equal ground. US economy took huge profits, huge pay, huge benefits from legacy car manufacturing and its important to support that 8n future manufacturing, to try to keep reaping the benefits.
But after doing a lot of research on batteries, we failed to develop manufacturing. After finding huge rare earths resources, we failed to develop those. We finally seemed to get our act together with incentives to develop new technology vehicles, to establish a large and growing market, to develop related technologies here, and to push legacy manufacturers to make the transition, and just threw it all away. It’s great for shareholders that legacy manufacturers will make sizeable profits on obsolete technology for a couple more years, but this is yet another case of throwing away any advantage we had, of pushing manufacturing more offshore.
Yes, I’m afraid that in a couple years when legacy manufacturers decide to get serious about new technology vehicles, they will be too far behind to succeed. They will be buggy whip manufacturers unable to build viable products for the automobile age, unable to compete where there will be a new set of established dominant manufacturers. China is not to blame for our failure, we are
Respectfully, protectionism isn’t that much better. In terms of economic velocity (efficient use of money/value/resources), it would be better if we used the money in other industries.
“Allowing them to sell superior products is bad.” Sure, for the stakeholders. Not for Americans. I’m already being screwed by capitalists all over the place. Let’s expedite capitalism’s demise, please.
I'm not sure how you can call for the demise of capitalism while defending the worst parts of it here. This "economic velocity" is only good for the capitalists and what China is doing can only be described as capitalism.
The automotive industry employs millions of workers in the US at both domestic and foreign companies, and decimating that industry only to concentrate and centralize it somewhere else in the world is going to put those people out of work as well as creating a domino effect on the economy where all those dollars disappear from circulation. Capitalists will survive that but those workers won't, nor will the places where those workers spend their money currently.
What you're arguing for is essentially an entity like Walmart (China) moving into town and killing all its competitors by making it impossible to compete with them. We can see exactly how that scenario plays out in thousands of cities and towns across the US. Those "low prices" come at a steep cost for everyone involved except the capitalists running the business.
I have no issue with China selling cars here, but I do take issue with them rigging the game in their favor at our expense, which is why I support protection for the entire industry not just for US companies alone.
To expand on this: while yes they have great natural resources here, the more important part is they developed those resources. This is just another consequence of poor planning from everyone else: it’s too expensive, let’s let China do it. There’s another ten years behind due to our own short sightedness
I think they mean lax labor safety. It’s much cheaper to make things if you don’t worry about your workers getting killed or injured at higher rates.
You don't seem to be accounting for the strategic value of the car industry, which is what the person above was talking about.
Yup. Once they drive everyone else out of business, the only affordable car will be from them, and they'll have you by the balls.
More governments need to enact tariffs on imports like these in order to prevent that. Subsidizing and dumping products is terrible for the global population, and it happens by and in many, many countries around the world.