2 wk. ago • 95%

China Conquers Mexico’s Automotive Market, and the US Is Worried

www.wired.com China Conquers Mexico’s Automotive Market, and the US Is Worried

Led by the automaker BYD, China has established itself as the main car supplier in Mexico. The US worries China could use Mexico as a “back door” to sidestep tariffs and gain footing in the US market.

Foreign investment would be an economic boost for Mexico. The company has claimed that a plant there would create about 10,000 jobs. A Tesla competitor, BYD markets its Dolphin Mini model in Mexico for about 398,800 pesos—about $21,300 dollars—a little more than half the price of the cheapest Tesla model.

World News @lemmy.world Led by the automaker BYD, China has established itself as the main car supplier in Mexico. The US worries China could use Mexico as a “back door” to sidestep tariffs and gain footing in the US market.

Economy @lemmy.world China Conquers Mexico’s Automotive Market, and the US Is Worried

60 comments

Provides a better product at half the cost.

/Capitalists lose their minds.

93
- Said it a while ago, the US is losing at capitalism for the first time in modern history and doesn't know how to cope
  
  50
  
  Oh it knows how to cope, it’s why it’s pushing the neo-feudalism.
  
  They want a class of slave labor to use like China, not those pesky workers with rights like they have now. It’s a race to the bottom and China has the lead.
  
  36
  
  Yes we do, we ban their sales here in USA! And add tariffs!
  
  9
  
  It's glorious to watch. Even from within. Even knowing I'm boned when this house of cards finally tumbles.
  
  I'm sure there's a German word for that.
  
  5
- Is it a better product? How is the quality, the maintainability? How do they treat the environment and their workers? These are all factors I think about when considering a purchase.
  
  19
  
  Is it a better product? How is the quality, the maintainability?
  
  I'm guessing it's like 80% as good for half the cost. That's usually how it goes with Chinese stuff.
  
  How do they treat the environment and their workers?
  
  Now that's just commie talk. /s
  
  8
  
  Why won't the Americans let in the chinese manufacturers to find out? Surely if the cars are trash they have nothing to worry about?
  
  7
  
  In Canada, Teslas from Shanghai are by far preferable to the ones from Fremont. Something about those Chinese factories man
  
  4
  
  If you cant afford anything else than it is the best product.
  
  3
  
  It is much better. US car brands look like they are stuck in the 90s. Still, I don't get the preoccupation from the US, almost all cars in Mexico have been from Asia for at least a decade or maybe more. And before that it was all Volkswagen.
  
  2
  
  Don't get upset when capitalists beat you at your own game. Does it matter if it's better if we're talking about a "free market" (lol)? It's not like capitalists in the US give a shit.
  
  0
- I was going to say something about Chinese vehicles not entirely being the greatest quality, but then I remembered we're comparing it to American vehicles.
  
  Better product, half the cost. Can't go wrong.
  
  15
Awwwwww!

Are all the capitalists afraid of some friendly capitalist competition!?

34
- I mean... China is capitalist too its just state capitalist.
  
  18
  
  When did I say they weren't lol
  
  6
The west needs to take the hint and ditch the fossil fuels and legacy automaker excuses.

21
- fossil fuels and legacy automaker
  
  Fossil fuel companies and legacy automakers donate more
  
  9
  
  I think of fossil fuel companies and legacy automakers as part of the Deep State
  
  3
  
  Even they aren't going to delay the inevitable forever, though.
  
  2
China Conquers Mexico

...’s Automotive Market, and the US Is Worried

Give me a heart attack this morning, why don't you?

15
- And we thought the timeline couldn't get any dumber.
  
  3
- Okay but like, we would know before it was just a done thing.
  
  2
Lol capitalists are stuck with cars and malls and dozens of dying industries they gon have a bad 30 years as new infrastructure becomes a necessity

9
When can I buy one of these cheap Chinese EVs?

6
To get an idea of margins:

The BYD Seagull sells under the Dolphin Mini name in South America. The Seagull (see specs) is the BYD's cheapest electric car launched in April last year. Its price range initially lay between 78,800 – 95,800 yuan (10,850 – 13,200 USD)

4
Wired Magazine - News Source Context (Click to view Full Report)

Information for Wired Magazine:

MBFC: Left-Center - Credibility: High - Factual Reporting: High - United States of America
Wikipedia about this source

Search topics on Ground.News

https://www.wired.com/story/china-conquers-mexican-automotive-market-and-the-us-is-worried/

Media Bias Fact Check | bot support

-11

You've viewed 60 comments.