this post was submitted on 22 Jan 2026
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Electric Vehicles

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BYD controls roughly 70% of Mexico’s EV market, with cheap vehicles attracting middle-class buyers seeking alternatives to rising gasoline costs and traditional electric cars.

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[–] Diplomjodler3@lemmy.world 12 points 1 month ago* (last edited 1 month ago) (2 children)

And the western countries don't massively subsidise their automotive industries? The difference is that the subsidies in China are actually a product of a consistent industrial policy rather than just shoving public money into the coffers of the rich.

[–] jacksilver@lemmy.world 6 points 1 month ago

Yeah, and China also has a lot of policies about who can operate in their country and who can sell what.

[–] SaveTheTuaHawk@lemmy.ca 6 points 1 month ago (2 children)

And the western countries don’t massively subsidise their automotive industries?

Not at the level of BYD, the Chinese government has let them slide $4B into the hole.

"BYD’s net profit fell by nearly one-third in the first three quarters of 2025, while its debt burden surged several-fold."

"Although BYD still ranked first in China’s new-energy vehicle market with retail sales of 307,000 units in November 2025, year-on-year sales dropped sharply by 26.5 percent."

Why - because once the idiots initially buy these cars, reality hits with quality problems and recalls.

"As the saying goes, consumers “vote with their feet.” With mounting quality complaints and an increasingly challenging economic environment, BYD has begun facing inventory buildup and slowing sales."

https://www.visiontimes.com/2025/12/16/byd-faces-mounting-inventory-and-surging-debt-as-quality-complaints-flood-the-internet.html

[–] evenglow@lemmy.world 2 points 1 month ago

Nope. It's because BYD was getting ready for 2026. While other companies are worried about sales BYD's concern was prep work. Keep an eye on Europe.

[–] piccolo@sh.itjust.works 1 points 1 month ago

Why - because once the idiots initially buy these cars, reality hits with quality problems and recalls.

Oh no. My cheap economic car isn't as reliable as a Toyota but still isnt suffering reliable issues of a $60k+ domestic.