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niclo | 2 years ago
Currently chinese cars are perceived as super low quality and the only strong selling point they have is the price, as they had when Huawei, Xiaomi and other brands entered the smartphone market.
If I look at BYD catalogue in the italian website I can see:
- the Dolphin starting from about 36k€ when there's the Peugeot e2008 starting from 31k€ and FIAT 600 starting from 31k€ as well
- the Atto 3 starting from about 42k€ when rumors say the Peugeot e3008 will start from about 46k€
- two higher end models which are perfectly matched by BMW offerings at the same price and with comparable performance, not even looking at other premium brands such as Audi or Mercedes
I specifically made the comparison with BYD but I'm happy to give a look at other brands you could suggest.
Even considering chinese carmakers pricing power and old school carmakers lagging behind, I honestly can't see anything disrupting here.
ps: Asian phone manufacturers is much different from China phone manufacturers given that in EU all put together they barely reach Samsung market share. On the same note, let's not forget there are many established asian carmakers outside China ready to take their slice of the cake.
oblio|2 years ago
Huawei was taking off like a rocket in Europe before the US kneecapped them.
> Currently chinese cars are perceived as super low quality and the only strong selling point they have is the price, as they had when Huawei, Xiaomi and other brands entered the smartphone market.
That's always step 1, exactly what Japan (60s, 80s) and Korea (90s, 00s) did. They all move up after a while. Japan, especially, smashed US car companies.
niclo|2 years ago
Severely lagging behind Apple and Samsung and price-to-quality ratio it's kinda meh, completely different evolution.
tooltalk|2 years ago
Huawei was taking off mostly in China -- after the CCP forced Samsung out of China after 2013 under Xie's state industrial policy to protect their domestic industry. Samsung's China market share went from 20% to 1% in a span of a few years. (the same can be said for LG Chem's EV battery business in China and Hyundia/Kia's auto business). It's difficulty to say what would have happened in the EU though.