World News

So should they cut quality, cut safety regulations, use slave labor, cut environmental regulations, and dump all their tax dollars into subsidizing your car purchase in order to put themselves on more equal footing with China? You're advocating for a race to the bottom so that you can consume more cheap junk.

If you want to see the result of beliefs such as yours, we can once again look to Walmart and what it has done to the local economy of every single rural community that it has moved into.

I meant that in a car with the same level of technology, safety, and power, the price is a lot more attractive for any consumer to buy Chinese.

Those low prices are completely artificial though which is the entire root of the issue. They achieve those prices by protectionism over the base minerals, lax environmental regulations, slave labor, and massive government subsidies. These artificially low prices will only last as long as it takes to put everyone else out of business. China does this over and over in so many industries that it should be completely obvious to anyone paying attention.

You're falling into the same trap that I described assuming that the Chinese vehicles are of a lower quality on average which is completely not the case anymore. Not in technology, not in safety, not even in design in the most recent models.

Second, using the lowest bar for the price of a vehicle is a weird way to gauge world interest in vehicles. There have always been dirt cheap cars with next to no features other than an engine, produced in India or Japan for certain markets. I'm not talking about those in general.

Not at all. I think the $1000 EVs are low quality but this isn't a blanket statement about everything manufactured in China. I also recognize that consumers on average will choose price over pretty much any other aspect of their purchase which is why companies like Walmart are so successful despite being plagues on society. Additionally, having these insanely cheap vehicles for sale makes it quite easy to boost "sales numbers" when you can sell 20 of something for the same price that your competitor sells one. The article states the average sale price of these vehicles is $14k which isn't something anyone else in the world can compete against at scale without the same dirty tactics, so its no wonder China is selling higher volumes especially when they have 1.4 billion citizens to sell to.

For example Chinese automobiles are absolutely dominating the markets in regions like UAE, Saudi, Kuwait, Qatar where the target consumer wouldn't think twice about paying for a Bentley or any European marque.

What percentage of sales does that account for though? Any market whether cars or furniture always has some segment targeting high-end sales. I don't find it surprising at all that they're taking that over as these are always the most volatile segments of any market. What do Bentley or Rolls Royce have to offer for a million dollars other than status and brand recognition? Not much.

But objectively, if I lived somewhere where the vehicles that were available in the middle east were sold, I wouldn't think twice about getting a luxurious powerful car for the price of a Camry in the states.

Which would be a rational decision for pretty much anyone at the individual level but irrational and catastrophic on a macro scale. As I mentioned, these prices are completely artificial and temporary. What may feel like a personal win today will likely lead to devastation later as this is a play at monopolization and domination not generosity and altruism, but most people won't recognize or acknowledge this and don't see anything past the 'unreasonably low price' bait being dangled in front of their face.

Source?