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this post was submitted on 10 Jul 2025
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I am pretty sure there is some financial fuckery going on with BYD. My parents own two, and they are very nice, but way under priced compared to every other EV manufacturer.
Can't prove anything of course, but there is something odd going on when everyone else is 20-30k more expensive.
Hard to feel sorry for GM though, they suckled at our governments (Australia) teet for decades before giving up and leaving entirely. At least if BYD is being propped up we are at least getting good cheap cars from it.
The financial fuckery is that they're very heavily subsidized by the CCP. It's not sustainable.
While they are subsidised, the Chinese are really good at low cost manufacturing. It’s not the cheap labour anymore but factory automation and robotics. They really outclass anyone else.
They're not "good" at it, they just have no minimum wage and no semblance of annoying things like worker protections or unions to be concerned with.
China doesn't have a national minimum wage, but minimum wage is delegated to the local level there and definitely exists in every single province. Just echoing what the other user said, literally everything you said here is easily disprovable. https://www.china-briefing.com/news/minimum-wages-China/
Glad you learned something!
They actually have a problem with workers or the lack of them and they have invested heavily in robotics. They aren’t the China of the 70s and 90s. It’s really something that we need to face up to if we want to compete but our political class isn’t really ready for that sort of reality. Years behind because of smugness.
We can't compete with a country that pays their workers $1/hr without doing the same.
That's just patently false. https://en.wikipedia.org/wiki/All-China_Federation_of_Trade_Unions
Like all things in China, this is owned by the government, making it pointless.