BYD is successful because they are cheap. For most people cars are simple utilities.
But countries either need to be protectionist or you need to lower production costs to a Chinese level. That means workers only earn the same as a Chinese worker.
You could also collect import taxes, but I think people simply cannot or don't want to afford a car that is much more expensive.
Some decry Chinese government subsidies for cars, but the truth is that these exist in western nations as well. They are sometimes indirect, but the end result is the same. The secret to cheap prices is simple labor costs.
Commonly refereed to as race to the bottom and not a new topic/problem. Car makers in countries with high labor costs could maybe pivot to luxury cars... otherwise the result of the competition is already determined.
In 50 years China will have the same problem with other countries that produce even cheaper. That is already happening and for quite a few years already.
Taxes would probably be the best solution, but they have become politicised and weaponised.
But countries either need to be protectionist or you need to lower production costs to a Chinese level. That means workers only earn the same as a Chinese worker.
You could also collect import taxes, but I think people simply cannot or don't want to afford a car that is much more expensive.
Some decry Chinese government subsidies for cars, but the truth is that these exist in western nations as well. They are sometimes indirect, but the end result is the same. The secret to cheap prices is simple labor costs.
Commonly refereed to as race to the bottom and not a new topic/problem. Car makers in countries with high labor costs could maybe pivot to luxury cars... otherwise the result of the competition is already determined.
In 50 years China will have the same problem with other countries that produce even cheaper. That is already happening and for quite a few years already.
Taxes would probably be the best solution, but they have become politicised and weaponised.