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2026.2.21 Bloomberg reported that Ford CEO Jim Farley discussed a framework with the White House that would let Chinese EV maker BYD build cars in America through joint ventures with U.S. majority control. It’s pitched as pragmatic competition, but the CCP isn’t a normal market actor. It’s a strategic...

2,616,570 views • 6 months ago •via X (Twitter)

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China spent 25 years failing to build a globally competitive domestic car industry through hundreds of billions of dollars of subsidies and forced partnerships. Then they tried something radical. In 2018, they invited Tesla to build a wholly-owned factory in Shanghai. No joint venture required. Chinese officials called it the "catfish effect" - Tesla would force domestic companies to compete or die. The impact was brutal. When Tesla's Model 3 launched in 2020, it quickly became China's best-selling EV. BYD's total vehicle sales actually fell 7.7% that year to just 427,000 units. By competing with the world's best, BYD was forced to address what they were missing: Chinese EVs had great battery tech and software, but the cars weren't appealing. So BYD learned design. Sales exploded. Today BYD sells over 4 million vehicles annually - 10x their 2020 numbers, and more than Tesla globally. America should do the same thing. In the long run, the only way to win high-tech manufacturing is to actually compete against the very best in the world. We should encourage BYD and other leading Chinese companies to build factories in America in exchange for the access to the U.S market. This would allow us to build up process knowledge and the the relevant supply chains domestically, and force American companies to catch up. The alternative is to fall further and further behind. I talked to Arthur Kroeber Arthur Kroeber, one of the sharpest observers of China’s economy, about this and much more. Full episode out tomorrow.

Dwarkesh Patel

424,373 views • 1 year ago

CBS Sunday Morning went to a London auto showroom and interviewed British car owners, traditional dealers and industry experts about the rise of Chinese EVs in Europe. What they found quietly destroys a lot of American mythology. British car owner Justin Watson is replacing his Lexus with a BYD. He described the ride as “like sitting on a throne” and said its technology, comfort and handling surpassed anything he had driven before. His conclusion was blunt: The era of “cheap Chinese cars don’t last” is over. A London dealer with more than 50 years in the business, long associated with Volkswagen, said he never imagined he would one day sell Chinese cars. Then he saw the quality, the technology and the sales growth. He changed his mind. Ben Nelmes of New Automotive explained why. Chinese EV makers now hold major advantages across batteries, supply chains and manufacturing integration. BYD started with batteries and built upward, controlling far more of its own production chain and allowing it to make cars at least 25% cheaper than Western competitors. And the technology is no longer “cheap imitation.” Chinese EVs are producing the things Western social media keeps going viral over: 360-degree tank turns. Emergency floating capability. Ultra-long range. Charging from 10% to 70% in minutes. The old stereotype of “Made in China = cheap and inferior” is collapsing in real time. Then comes the American part. The Biden administration imposed a 100% tariff on Chinese EVs. Trump kept the wall in place. In practical terms, Chinese EVs are shut out of the U.S. market. When CBS asked whether that protects American jobs, Nelmes gave the more uncomfortable answer: protectionism may protect jobs in the short term, but over time it kills competition, slows innovation, weakens consumer choice and leaves domestic automakers sheltered from the very future they are supposed to compete in. If the future of cars is electric, then blocking the world’s strongest EV competitors does not prepare American automakers for that future. It protects them from it. The irony gets worse. Before the segment ended, the British owner laughed that he had relatives in New Jersey who were “absolutely jealous” that he could drive such a good Chinese car. And here is the fact protectionists cannot explain away: BYD is effectively shut out of the U.S. market behind a 100% tariff wall, while Tesla is allowed to sell normally in China. And BYD still became the world’s top-selling battery-electric vehicle maker. China did not need to ban Tesla to compete with it. It let Tesla enter. Build locally. Sell freely. Fight for Chinese consumers. The United States looked at BYD and chose a wall. Yet even without access to the American market, BYD still outsold Tesla globally. That says more about competitiveness than a thousand speeches about “fair competition.” If your company needs its biggest rival excluded from your home market while that rival beats you everywhere else, you are not defending competitiveness. You are hiding from it.

𝘊𝘰𝘳𝘳𝘪𝘯𝘦

15,632 views • 16 days ago

Why is Canada on the verge of being annex? Canada has allowed itself to become a national security threat to America, or rather is "harboring" that national security threat. Last June, CCP operatives attempted to smuggle a pathogen into America that could have potentially wiped out 80% of US agricultural land. Not to mention the CCP biolabs they've found through America housing Ebola, Covid and other deadly pathogens. Only a fool would think these same labs aren't throughout rural Canada all along the border. The next time they try, they'll be coming through Canada's wide open Western border. Canada's CSIS (Canadian Security Intelligence Service) had warned about the CCP corrupting Canadian politicians and this fell on deaf ears. MP Micheal Ma, who was born in China crossed the isle to become a Liberal, helping Carney secure his majority government, a government no doubt sympathetic to China, and imposing policies that would benefit China including turning a blind eye to American security concerns, for example allowing CCP EV maker BYD to import Chinese EVs into the Canadian market place. Many think Trump is after Canada's resources, and that may be part of it for US national security reasons, but to think in light of Trump purging the CCP from Panama, Venezuela and Cuba only to allow them to remain on America's northern border, especially with the incoming "Golden Dome" missile defense system, is completely naive. I really wish Canadians would wake up and realize Trump is making moves to PROTECT the western hemisphere and that involves annexing Canada and Greenland in the not to distant future.

Maverich

34,024 views • 2 months ago