When China’s BYD recently overtook Elon Musk’s Tesla as the global leader in sales of electric vehicles, casual observers of the auto industry might have been surprised.

But what’s caught other carmakers around the world off-guard is something else about BYD, which is backed by Warren Buffett’s Berkshire Hathaway: its low prices.

“No one can match BYD on price. Period,” Michael Dunne, CEO of Asia-focused car consultancy Dunne Insights, told the Financial Times. “Boardrooms in America, Europe, Korea and Japan are in a state of shock.”

BYD can keeps its costs low in part because it owns the entire supply chain of its EV batteries, from the raw materials to the finished battery packs. That matters because a battery accounts for about 40% of a new electric vehicle’s price.

  • NateNate60@lemmy.world
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    9 months ago

    That view is unfortunately out of date. Many Chinese products are of equal or superior quality to their global counterparts. Think Lenovo laptops and OnePlus smartphones. Chinese stuff can be cheap and high quality.

    • Shyfer@ttrpg.network
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      9 months ago

      Then it’s got to be what the person below said: beating the hell out of their workers, poor conditions and benefits, stuff like that.

      • NateNate60@lemmy.world
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        9 months ago

        You are one hundred per cent correct. There’re a million things you can criticise Chinese manufacturing for but universally poor quality isn’t one of them

      • mriormro@lemmy.world
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        9 months ago

        One of the reasons these commodities can get so cheap is because the true cost is obfuscated through the vicious exploitation of labor at every step of the chain.

        We may not have paid the full cost of the product, but those who were directly involved in their fabrication certainly did.

    • andrai@feddit.de
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      9 months ago

      There is nothing unfortunate about being able to buy products that are both cheap and high quality.

    • teamevil@lemmy.world
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      9 months ago

      Yeah but lots more Chinese stuff is cheap shiny trash. If there’s a way to lie and cut a corner they’ll ,do it…not that America would be any different but they dont make anything here anymore.

    • Justin@lemmy.jlh.name
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      9 months ago

      Lenovo is mostly American. The Thinkpad division was bigger than Lenovo when they bought it. Many of the directors and teams are based in the USA.

      • NateNate60@lemmy.world
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        9 months ago

        That’s a pretty unfortunate viewpoint. At least in the corporate world, Lenovo laptops have a decent reputation for reliability (read: last long enough to where the replacement cycle is economical). Where I last worked IT, the lifespan of a Lenovo laptop was four years. That doesn’t mean that they break after four years, but just that we recycle and replace them with a new computer after that. That seems to be average for a corporate laptop.

        Calling them “cheap shit” means you’re either uninformed and unfamiliar or you hold your standards far higher than the average computer buyer.

        • Kbin_space_program@kbin.social
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          9 months ago

          Oh I know the corporate world loves the idea of Lenovo laptops.

          They’re cheap and can easily run web apps and office. All that most people need them for.

          If you have to run any software of consequence though, they’re simply not up to it.

          • BugKilla@lemmy.world
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            9 months ago

            I run software of consequence and have no issues with performance, heat or general functionality. You’ll need to cite some evidence to back up your claim.

          • NateNate60@lemmy.world
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            9 months ago

            What do you consider “software of consequence”? I worked for a mid-size municipal government. We had hundreds of users (or at least hundreds of Active Directory accounts). Everyone used Lenovo laptops. We had city planners running ArcGIS on them, the engineers at the public works department planned roads and sewage lines on them, HR calculated payroll on them, the council used them for their meetings, the municipal court staff used them for managing filings and tickets, and the police department used them to issue said tickets.

            If none of that is “software of consequence”, then what the goddamn fuck is?

            • Ferris@infosec.pub
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              9 months ago

              I believe if you look a second time the person you replied to has become someone who replied to them.

          • intelisense@lemm.ee
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            9 months ago

            I think we’re mixing up the consumer grade Lenovo laptops (cheap crap) with Lenovo Thinkpads (business grade and built like a tank). We use a lot of Thinkpads and they’re good - nice even, and they survive a lot of abuse.

    • LemmyIsFantastic@lemmy.world
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      9 months ago

      Both Lenovo and OnePlus are garbage. Out of all the shitty companies and you go to those two for an example of quality?