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China doubles subsidies for EVs in its 'cash for clunkers' program

15 points by geox 2y ago

hank_f 2y ago
Chinese EVs are impressive. I saw BYD once and the difference in quality between a model-3 is stark. Especially the interior.
- soupbowl 2y ago
  There are a lot of videos on youtube showing Chinese EV batterys exploding, wields breaking, front ends breaking off. Not saying they are all like that but enough that I'd be wary and trust teslas quality more.
  - alan-hn 2y ago
    The teslas that also have a ton of QC issues? I'd rather trust a long time car manufacturer like Honda, BMW, Audi, or Nissan when it comes to EVs
  - hank_f 2y ago
    That's possible. I only saw the car. My opinion is purely in regards to aesthetics and feel. Long-term ownership performance is an unknown.
  - _mlbt 2y ago
    I’m more concerned about them from a security perspective. Most EVs are network connected computers on wheels. Driving a car like that made by a geopolitical adversary is not appealing at all.
  - thebruce87m 2y ago
    Tesla use BYD batteries for the LFP standard range cars.
toomuchtodo 2y ago
This will speed up their domestic electric mobility transition, and as their market saturates, they will eventually point the firehose of affordable EVs (from the built up manufacturing base) at the rest of the world that doesn’t punitively tariff. This should also contribute to demand destruction for petroleum for light vehicle mobility [1]. With every housing unit ever needed already built [2], China is going Big Tech and Clean Energy [3]. It was unfortunate how much real estate consumed their economy, but being the clean energy and mobility factory to the world (with an enormous global total addressable market) is a rising tide that lifts all boats. A bit of my analysis is: perhaps the developed/Western world should consider similar subsidies? [1] https://www.scmp.com/business/china-business/article/3260353/petrochina-rapid-ev-uptake-means-oil-consumption-transport-peak-next-year-latest-china https://www.scmp.com/business/china-business/article/3260353... | https://archive.today/rIOAC https://archive.today/rIOAC ("PetroChina: rapid EV uptake means oil consumption for transport to peak by next year ‘at the latest’ in China") [2] https://www.reuters.com/world/china/even-chinas-14-bln-population-cant-fill-all-its-vacant-homes-former-official-2023-09-23/ https://www.reuters.com/world/china/even-chinas-14-bln-popul... ("Even China's 1.4 billion population can't fill all its vacant homes, former official says") [3] https://www.bloomberg.com/news/features/2024-07-15/evs-solar-tech-sectors-help-xi-jinping-s-china-navigate-property-slump https://www.bloomberg.com/news/features/2024-07-15/evs-solar... | https://archive.today/LOdqN https://archive.today/LOdqN ("Bloomberg: Xi Jinping’s Great Economic Rewiring Is Cushioning China’s Slowdown")
- travisporter 2y ago
  Unrelated, but the second link is very intriguing. Does this mean that housing can be free for the population? Its just hard to wrap my head around given housing issues in the west
  - fspeech 2y ago
    Many existing housing stock are not up to the modern standard. Also much of the new housing is built on where land is cheap, not where people currently prefer to be. It will take time to see if people actually follow housing supply (unlikely), when all evidence is people move to where housing is unaffordable (or rather unaffordability is a measure of people's desire to live somewhere).
vhvj 2y ago
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15 points by geox 2y ago

Chinese EVs are impressive. I saw BYD once and the difference in quality between a model-3 is stark. Especially the interior.

soupbowl 2y ago
There are a lot of videos on youtube showing Chinese EV batterys exploding, wields breaking, front ends breaking off. Not saying they are all like that but enough that I'd be wary and trust teslas quality more.
- alan-hn 2y ago
  The teslas that also have a ton of QC issues? I'd rather trust a long time car manufacturer like Honda, BMW, Audi, or Nissan when it comes to EVs
- hank_f 2y ago
  That's possible. I only saw the car. My opinion is purely in regards to aesthetics and feel. Long-term ownership performance is an unknown.
- _mlbt 2y ago
  I’m more concerned about them from a security perspective. Most EVs are network connected computers on wheels. Driving a car like that made by a geopolitical adversary is not appealing at all.
- thebruce87m 2y ago
  Tesla use BYD batteries for the LFP standard range cars.

toomuchtodo 2y ago

This will speed up their domestic electric mobility transition, and as their market saturates, they will eventually point the firehose of affordable EVs (from the built up manufacturing base) at the rest of the world that doesn’t punitively tariff. This should also contribute to demand destruction for petroleum for light vehicle mobility [1]. With every housing unit ever needed already built [2], China is going Big Tech and Clean Energy [3]. It was unfortunate how much real estate consumed their economy, but being the clean energy and mobility factory to the world (with an enormous global total addressable market) is a rising tide that lifts all boats. A bit of my analysis is: perhaps the developed/Western world should consider similar subsidies? [1] https://www.scmp.com/business/china-business/article/3260353/petrochina-rapid-ev-uptake-means-oil-consumption-transport-peak-next-year-latest-china https://www.scmp.com/business/china-business/article/3260353... | https://archive.today/rIOAC https://archive.today/rIOAC ("PetroChina: rapid EV uptake means oil consumption for transport to peak by next year ‘at the latest’ in China") [2] https://www.reuters.com/world/china/even-chinas-14-bln-population-cant-fill-all-its-vacant-homes-former-official-2023-09-23/ https://www.reuters.com/world/china/even-chinas-14-bln-popul... ("Even China's 1.4 billion population can't fill all its vacant homes, former official says") [3] https://www.bloomberg.com/news/features/2024-07-15/evs-solar-tech-sectors-help-xi-jinping-s-china-navigate-property-slump https://www.bloomberg.com/news/features/2024-07-15/evs-solar... | https://archive.today/LOdqN https://archive.today/LOdqN ("Bloomberg: Xi Jinping’s Great Economic Rewiring Is Cushioning China’s Slowdown")

travisporter 2y ago
Unrelated, but the second link is very intriguing. Does this mean that housing can be free for the population? Its just hard to wrap my head around given housing issues in the west
- fspeech 2y ago
  Many existing housing stock are not up to the modern standard. Also much of the new housing is built on where land is cheap, not where people currently prefer to be. It will take time to see if people actually follow housing supply (unlikely), when all evidence is people move to where housing is unaffordable (or rather unaffordability is a measure of people's desire to live somewhere).

vhvj 2y ago

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