You should care because the US market is only a small slice of the global car market. Even on ICE sales, GM and Ford global sales have been trending downwards for a good decade or more now. And with the scale and head start BYD is building in the EV field, it can render GM and Ford into second tier regional automakers without selling a single car in the US.
BYD’s new Brazil factory used to be a Ford factory, for instance, and BYD if starting to expand production elsewhere in the world such as Thailand and Hungary while GM and Ford keeps shutting plants left and right. Australia used to be dominated by Ford and GM but then first the Japanese, then the Koreans, and now GWM and BYD are coming in and taking over that market.
This is happening all over the world and at this rate pretty soon GM and Ford may be relegated to just selling their cars in US and Canada.
You should care because the US market is only a small slice of the global car market. Even on ICE sales, GM and Ford global sales have been trending downwards for a good decade or more now. And with the scale and head start BYD is building in the EV field, it can render GM and Ford into second tier regional automakers without selling a single car in the US.
BYD’s new Brazil factory used to be a Ford factory, for instance, and BYD if starting to expand production elsewhere in the world such as Thailand and Hungary while GM and Ford keeps shutting plants left and right. Australia used to be dominated by Ford and GM but then first the Japanese, then the Koreans, and now GWM and BYD are coming in and taking over that market.
This is happening all over the world and at this rate pretty soon GM and Ford may be relegated to just selling their cars in US and Canada.