Discussion
Nomme de Plum said:
thecremeegg said:
Silvanus said:
MG made a £54million profit in the UK last year (£4.2m the year before). Revenue of £1bilion, I'd say they are doing something right.
5% profit margin isn't exactly amazingBYD have ordered their own fleet of ships so plan to be exporting a lot more cars.
Do main dealers buy cars at cost? I thought they were franchises that paid wholesale and made profit on the difference between wholesale and retail.
Or are you saying MG UK buy stock at wholesale, sell to franchise's with markup and the dealers add theirs?
Or are you saying MG UK buy stock at wholesale, sell to franchise's with markup and the dealers add theirs?
Edited by Zero Fuchs on Wednesday 3rd January 18:59
Jazzy Jag said:
When the Chinese have driven every other car manufacturer out of business and/or bought the remains of peanuts using CCP money, how will you feel?
Nothing. Nothing at all. Why would anyone care about who owns what? We de-industrialised and paid that heavy bill 30 years ago. I guess if we did feel bad then we could use a few quid from the tens of £thousands we haven't had to pay propping up bent car companies to send a few condolence cards over the Channel?Seriously, normal cars are nothing more than generic white goods, even more so once they all have the identical drivetrain and are differentiated by badges and TV size alone. Who cares where they're cobbled together? They just need to be sold at the correct price.
BYD have surpassed Tesla in China at the end of the year and have greater margins and production capacity.
Would be quite beneficial to have them arrive in the U.K. with a target of taking sales from Tesla as it would create an excellent price war in the sector.
Need more businesses like MG to start fighting for market share and force prices down and some innovation.
Would be quite beneficial to have them arrive in the U.K. with a target of taking sales from Tesla as it would create an excellent price war in the sector.
Need more businesses like MG to start fighting for market share and force prices down and some innovation.
Silvanus said:
eldar said:
China’s BYD closer to taking Tesla's electric car top spot https://www.bbc.co.uk/news/business-67860232
They have now overtaken Teslahttps://www.ft.com/content/716c9b0b-d8cd-491a-a91b...
kambites said:
BYD do sell hybrids, but they also sold more pure EVs than Tesla did.
It's also worth noting that while the Model 3 is Tesla's cheapest car the Seal is among BYD's most expensive. If BYD manage to establish a brand footing in the U.K. with the Seal then it paves the way for them to pour much cheaper models into the U.K. market.
Frankly the base hybrid version of the Seal looks a good car. That sells for just over £15k in China. That's not to say stuff made for the Chinese market is the same as what is made for export but it does highlight the reality that these firms can build usable hybrids and EVs for a fraction of what the incumbent manufacturers can and even undercut Tesla.
It's no wonder so much anti China rhetoric is being funded and pumped out along with so much being spent on lobbying for more and more regulations that favour European consumers being forced to pay many £thousands more than they need to for a box to get from A to B.
DonkeyApple said:
It's no wonder so much anti China rhetoric is being funded and pumped out along with so much being spent on lobbying for more and more regulations that favour European consumers being forced to pay many £thousands more than they need to for a box to get from A to B.
Meanwhile they fund their idiot attack dog to sacrifice his people and economy to accelerate us away from oil and gas to increase demand?eldar said:
Silvanus said:
Pulse00 said:
So anyone gonna buy one?
Some must have, they sold more cars than Polestar last month.eldar said:
Starting to see a few driving around now. Aren't Pole Star being sold to a Chinese armaker?
Already part of Geely via Volvo who remain the core shareholder after the float. Although if the share price falls any further I might buy them just to keep my other car investments company next to the toilet roll. 
Maybe ask Geely for a twofer and get Aston Martin also.
ChocolateFrog said:
Pulse00 said:
So anyone gonna buy one?
They were not available on our Salary Sacrifice scheme but I would have been seriously tempted if it had undercut a Model 3 by a decent margin. Gassing Station | EV and Alternative Fuels | Top of Page | What's New | My Stuff