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submitted 2 weeks ago by DMBFFF@lemmy.world to c/world@lemmy.world

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.

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[-] RangerJosie@lemmy.world 93 points 2 weeks ago

Provides a better product at half the cost.

/Capitalists lose their minds.

[-] PP_BOY_@lemmy.world 49 points 2 weeks ago

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

[-] Deceptichum@quokk.au 35 points 2 weeks ago

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.

[-] DMBFFF@lemmy.world 8 points 2 weeks ago

Idk, Chinese workers might have it better than they did in decades passed.

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[-] arin@lemmy.world 9 points 2 weeks ago

Yes we do, we ban their sales here in USA! And add tariffs!

[-] SlopppyEngineer@lemmy.world 16 points 2 weeks ago

China builds the cars in Mexico, that forms a tariff free zone with the USA. And USA can't exactly just ban sales from Mexico because a lot of USA companies moved their operation to Mexico for cheaper labor.

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[-] sirico@feddit.uk 2 points 2 weeks ago

Chicken tax 2 no Changli for you

[-] RangerJosie@lemmy.world 6 points 2 weeks ago

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.

[-] Diplomjodler3@lemmy.world 3 points 2 weeks ago

Maybe Galgenhumor? Or Schadenfreude? But if both, I guess.

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[-] catloaf@lemm.ee 19 points 2 weeks ago

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.

[-] CanadaPlus@lemmy.sdf.org 8 points 2 weeks ago* (last edited 2 weeks ago)

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

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[-] eskimofry@lemmy.world 6 points 2 weeks ago

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?

[-] catloaf@lemm.ee 6 points 2 weeks ago

That's the thing about economics. Humans are not rational actors. And even if they were, they don't have perfect information.

For example, there's a thing going around in the US right now about raw milk. It's not allowed to be sold because of the risk of disease. But people are idiots and seek it out anyway, and get themselves sick.

For cars, assume one of them is an absolute lemon and deathtrap. It constantly needs maintenance, and if you get in a crash, you die. You won't know about the former until a few years after you've bought it, and if the latter happens, you can't seek any recourse because you're dead.

Now, I'm not saying that this applies to the Chinese EVs, exactly, but we haven't seen them shaken out in the US yet, and China doesn't have a very good track record with consumer safety in the recent past.

[-] Aceticon@lemmy.world 6 points 2 weeks ago* (last edited 2 weeks ago)

To counter those vague negative "maybes" of yours, I just want to point out that the EU, which have much more tight regulations on just about everything than the US, especially when it comes to consumer protection, allows the sale of BDY cars.

If a regulatory regime which is more strict when it comes to consumer protection than the US allows such cars to be sold, then claiming or implying that the reason for the US to block their sale there is that they might be dangerous is quite the flight of fantasy.

[-] CanadaPlus@lemmy.sdf.org 5 points 2 weeks ago

I mean, it's not what OP was arguing, but the main reason they don't want the cars let in is just to stop China from becoming more powerful. It has little to do with the products themselves.

[-] prole@lemmy.blahaj.zone 4 points 2 weeks ago

Surely if the products were shit, then there would be nothing to worry about with respect to China's power. No?

[-] CanadaPlus@lemmy.sdf.org 4 points 2 weeks ago

If they're shit today, they probably won't be tomorrow. They're just as capable of bootstrapping as the next person.

Back in the 90's Clinton was quoted as saying that with capitalism and development, democracy would inevitably follow in China; trying to stop it would be like nailing jello to a wall. Nobody thinks that way anymore.

[-] prole@lemmy.blahaj.zone 1 points 2 weeks ago

I don't really understand your point... I wasn't making any comment about democracy in China. That's absurd.

[-] CanadaPlus@lemmy.sdf.org 2 points 2 weeks ago* (last edited 2 weeks ago)

To clarify, the reason China was allowed to gain that amount of economic influence in the first place was because it was thought they'd be part of the democratic West. Without that, nobody wants an authoritarian superpower.

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[-] naturalgasbad@lemmy.ca 4 points 2 weeks ago

In Canada, Teslas from Shanghai are by far preferable to the ones from Fremont. Something about those Chinese factories man

[-] bamfic@lemmy.world 3 points 2 weeks ago

If you cant afford anything else than it is the best product.

[-] RatherBeMTB@sh.itjust.works 1 points 2 weeks ago

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.

[-] prole@lemmy.blahaj.zone 0 points 2 weeks ago* (last edited 2 weeks ago)

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.

[-] ms_lane@lemmy.world 15 points 2 weeks ago

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.

[-] Yawweee877h444@lemmy.world 33 points 2 weeks ago

Awwwwww!

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

[-] CheeseNoodle@lemmy.world 17 points 2 weeks ago

I mean... China is capitalist too its just state capitalist.

[-] Yawweee877h444@lemmy.world 6 points 2 weeks ago

When did I say they weren't lol

[-] Beaver@lemmy.ca 20 points 2 weeks ago

The west needs to take the hint and ditch the fossil fuels and legacy automaker excuses.

[-] wurzelgummidge@lemmy.world 8 points 2 weeks ago

fossil fuels and legacy automaker

Fossil fuel companies and legacy automakers donate more

[-] SlopppyEngineer@lemmy.world 3 points 2 weeks ago

I think of fossil fuel companies and legacy automakers as part of the Deep State

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[-] CanadaPlus@lemmy.sdf.org 2 points 2 weeks ago

Even they aren't going to delay the inevitable forever, though.

[-] FlyingSquid@lemmy.world 15 points 2 weeks ago

China Conquers Mexico

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

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

[-] CanadaPlus@lemmy.sdf.org 3 points 2 weeks ago

And we thought the timeline couldn't get any dumber.

[-] Maggoty@lemmy.world 2 points 2 weeks ago

Okay but like, we would know before it was just a done thing.

[-] Doom@ttrpg.network 9 points 2 weeks ago

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

[-] prole@lemmy.blahaj.zone 6 points 2 weeks ago

When can I buy one of these cheap Chinese EVs?

[-] naturalgasbad@lemmy.ca 4 points 2 weeks ago

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)

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this post was submitted on 31 Aug 2024
167 points (95.1% liked)

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