Analysts say EVERY legacy automaker will go bankrupt in China within 5 yrs

Analysts say EVERY legacy automaker will go bankrupt in China within 5 yrs

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[electricviking]

The best solar company in Australia just installed my new solar system.

[glennO-er]

Yep, the world is just not Europe and US. Ford, GM and VW seem to forget that.

[godzillamothra]

5 years is an optimistic prediction, I predicted 3 years, 2 if the Chinese government decide to retaliate for the EU tariff.🤣

[georgeearling]

Wow, that’s a bold prediction. Do they really think no legacy automaker can survive in China for that long?

[FutureSystem]

I will not be even remotely surprised if they (the legacy manufacturers) all go under. Although I won’t shed a tear with many of them, (VW and Toyota for instance), this is really a nightmare scenario. We need worldwide car manufacturers, and we need competition.

[alanc]

ICE cars are like typewriters. Superb design, well built, long lasting and durable. Know anybody who still uses one?

[tims]

I think the big 3 are in trouble in the US also. Their ICE vehicles are really expensive and they are having trouble producing EVs that people want.

[williamlewandowski]

My brother in law in China recently bought a brand new gas powered Honda CRV for about half price. He was looking to go electric, but this offer was just too hard to resist.

[dorsetengineering]

I’m out in China for work this week. A massive shift in the brands I see on the roads since when I was last here 9 year ago. BYD are everywhere, Nio, Xpeng, Zeekr, Dongfeng make up the rest. Think I’ve seen one, possibly 2, VWs

[dennisheller]

Don’t forget that General Motors actually went through bankruptcy less than 20 years ago. That wiped out shareholders, but didn’t really affect car owners.

[jluis]

I toured China for 2 weeks recently. Most of the new cars are chinese brands and more than half are evs. I saw the future like it or not.

[willeisinga]

China goes Electric. Cheap Clean Solar and Wind produced in China for Cheap Electric Cars produced in China. Oil Prices down Worldwide. ❤👍

[satriojumeneng]

Installing solar panels and buying a Chinese EV car is the way to go for Australians. You can decrease your electricity bills and no longer pay for petrol.

[baldandaboomer]

Musk already said the top 9 of the top 10 car companies will be Chinese (and Tesla)

[chandleredwards]

BYD is building new models in months while US domestics take years.

[Christian-hizz]

One of the main reason Chinese EV sales are booming is because of the low electricity price, if your charge your EV in late night, the price is about 0.3 RMB per kW/h ($ 4 cents per kW/h), so why should they buy ICE cars? The fuel cost and maintenance fee in 10 years is enough to buy a new EV with next gen tech.

[silversurfer]

The more likely scenario is bailout plus mergers. Germany and Japan are both rich enough to bailout their car companies but they need to build state champions who are willing to do real R&D.

[petermuller]

The Audi factory in Brussels is not a flagship factory. It's very modern, but relatively small and is mostly an assembly line. I live in Brussels, and yes it's going to affect a lot of people associated with it, but in the big picture it makes sense to close this one...

[chazsach]

So if everybody becomes unemployed...who is going to buy them?

[davidpearn]

There was me thinking that WE were supposed to exploit the Chinese. What happened ?. 🤔