The want to flood the world Chinese dumping their electric drive the legacy manufactures under, I can see a real demand for quality engineers again (Boeing), the Chinese are no good at this, sort of like the Japanese just after the war in 1960's and then seventies where they took over the automotive industry. Here we go again. The Chinese need this to save their skin. Expect to see a lot of garbage.
Agree. There are a fair amount of comparison videos between say, Tesla and BYD, XPing, and others. The Chinese on the surface, make a compelling vehicle, but as you suggest, their cost of production is less due to inferior materials. I can see some of these Chinese vehicles doing well in "initial quality" ratings, but then disintegrate as they roll down the road over the following 4-5 years. The Tesla build quality in their cars has advanced very quickly and rivals the best in the industry in 2024, but even our 2020 and 2021 Tesla vehicles are actually better today than they were when we bought them. I've never experienced that with any other manufacturer. The SpaceX level tech that is incorporated into each new Tesla vehicle, legacy auto literally do not know how to reproduce at this time, even with Tesla's open patents, or lack of patents. It's Tesla that legacy auto is looking to mimic in the future, but it will cost them all dearly. I am not sure if any will survive without government bailouts. Time will tell.
Another consideration, China is suffering from population collapse like no other country in the world, not to mention the young adult population are revolting against the CCP autocracy. Expect a revolution in that country in the near future, which will affect their GDP. On the other hand, they are scrambling to ramp up the production of humanoid robots to keep up their production and GDP. Tesla's Optimus humanoid robot will do the same for the US, so I am thinking if we can keep the Chinese imports out of the US for a few years and allow for the Optimus robot workforce to fill the million+ unfilled jobs (@ $20,000 each) we have in the US, then we can survive this transition. It may, by most analysts predictions, lead to a dramatic drop in prices and usher in an era of abundance. Time will tell.
The next 10 years will see a complete upheaval of all we know, how we do things, price points, investment opportunities, GDP, and so on. I will try to be cautiously optimistic.