610
BYD Reveals the ‘World’s Longest-Range EV’ as American Auto Industry Struggles to Keep Pace (gizmodo.com)
submitted 6 months ago by to c/technology@lemmy.world
190 comments fedilink hide all child comments
you are viewing a single comment's thread
view the rest of the comments
[–] -4 points 6 months ago (3 children)

Are you ignoring the whole subsidies thing on purpose? This is not BYD attacking Tesla. This is the Chinese government attacking western industries.

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 6 child comments
    •
  • [–] 11 points 6 months ago (1 child)

    USA subsidized Detroit $80B since 2008, and that's ignoring state graft for building assembly plants. What the fuck did they do with that money, attack Eastern industries?

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 2 child comments
    •
  • [–] 1 point 6 months ago (2 children)

    Well, it was $79.7B to be exact. And what the US government did with that was not cut checks, but rather, purchased stock in the companies.

    When it sold the stock it bought from manufacturers, it sold for around $70B. When they sold the approximately $2.4B invested into Ally (an auto financing firm), it sold for $17.2B.

    So the money spent in 2008 actually made a profit. It was not distributed to the manufacturers or finance companies at all. Just used to shore up their value to prevent them from going out of business – and more importantly, probably, make sure investors didn't lose money, or at least not too much.

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 4 child comments
    •
  • [–] 4 points 6 months ago

    Well, it was $79.7B to be exact.

    oh, touche! but that was only after 2008, and not including previous bailouts to Ford. Then, every state, everywhere is paying to either get or keep assembly plants but that does not factor into your selective math.

  • permalink
  • fedilink
  • source
  • parent
  • [–] 1 point 6 months ago (1 child)

    When you take into account inflation and the overall market gains over that time, they absolutely did not make their money back.

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 2 child comments
    •
  • [–] -1 points 6 months ago (1 child)

    When you take into account that the original assertion was tht eighty billion was given to the auto manufacturers, I don't think my comment deserves the reaction it got, not a reply like yours.

    Would you rather they ended up with zero dollars?

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 2 child comments
    •
  • [–] 2 points 6 months ago (1 child)

    Would you rather they ended up with zero dollars?

    Yes.

    The only terms under which I could potential accept tax money being used to save a company from a collapse leading to massive layoffs, is if the resulting company is also made entirely employee owned.

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 2 child comments
    •
  • [–] 7 points 6 months ago*

    This is BYD selling cars for less than the billionaires you care about want to.

    Nothing more.

    If an American company badge engineered these cars and sold them in the US at US prices, you would be fine with it just like you're fine with the economic warfare against the poor that US manufacturers and China have been allies in for decades.

  • permalink
  • fedilink
  • source
  • parent
  • [–] 1 point 6 months ago (1 child)

    If the Chinese government is losing money on each car they export, soon China will be bankrupt. It only makes sense to buy more China cars at cheap rates and bankrupt their country.

    Also, there is no proof of subsidy, it's just made up Western cope.

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 2 child comments
    •
  • [–] 5 points 6 months ago

    The US government has been propping up Detroit for over 20 years with over $100B in subsidies and tax relief, plus every state government grafts to get a new assembly plant.

    BMW is not in South Carolina for the quality of workers.

  • permalink
  • fedilink
  • source
  • parent