Dear X folks / Twitterati - we're focusing our social media efforts elsewhere, so won't be updating our feed here. For Meda news, thoughts and opinions about #design, #retail, #automotive and more, visit https://t.co/Aw8AMTvuOg or https://t.co/CcxeTqYAZJ See you on the flip side!
Is China About to Produce the Next ‘Sputnik Moment’?
Here's one thing to watch:
"Look for car dealers in San Diego, Phoenix, and San Antonio to begin importing “lightly-used” Chinese vehicles from Mexico and delivering them to American buyers. (In China itself, EV companies are already selling “zero-mileage second hand cars” to get around regulations intended to end price wars.)
Today, America imposes a 147.5 percent duty on new electric cars imported from China, according to data from the U.S. Department of Commerce, a formidable wall that has slammed the doors shut on direct imports from the PRC.
But used car imports from Mexico are subject to only a 25 percent tax.
American dealers buying from Mexico will have plenty of choices. China now exports more cars to Mexico than any other market in the world. Mexican consumers are already driving hundreds of thousands of BYDs, Chireys (Chery’s brand name in Mexico), Zeekrs, Aions, and SAIC-MGs.
A few weeks back, I crossed the border from San Diego to Tijuana and walked less than a mile to a BYD dealership. There, I test drove several impressive new products, including the U.S.$45,000 Shark pickup truck and the $20,000 Mini Dolphin. BYD plans to sell 80,000 cars in Mexico this year, up from nothing in 2020."
Full @ChinaFile article here.
https://t.co/XLQNpkbDI3
@EYakoby Not disregarding 6th October 2023; but, suggest also consider 3Yr #War started by Russia and please do acknowledge in the post 'another town,' which doesn't include whole cities!
https://t.co/LO7NioDlQD
@London_W4 Remember when HSBC hit the national News when it was stated the Canford Cliffs branch would only accept customers with a running balance of £1m; it didn’t last long; irrespective of the wealth in the surrounding Canford Cliffs/Sandbanks area
People in and around #automotive retail! We'd love to know: what’s the most pressing #challenge you face today?
- How to sell #EVs
- How to make money on EVs
- Keeping #customers
- Keeping costs down
- Dealing with brand standards
- Something else.
You likely know @wearemeda for creating #retail#spaces & #experiences for brands such as @VolvoCarUK, @Lexus, @lotuscars and @KiaUK - but we do plenty else, like bringing guidelines together so everyone's on the same page. We’ve an amazing #new demo - ping us to find out more…
Just 1 in 7 Chinese #automotive#EV brands will be profitable by 2030 and many won't make it, according to @AlixPartnersLLP, reports @CarDealerClub. Yet death by price war is not inevitable - differentiated #customer#experiences can bring higher profits. Who will take the lead?
We think town centre #regeneration should be celebrated. How about with a Walk of Fame? Applauding those who contribute to their communities. Let’s take a walk together - because there’s plenty of #good going on. Image: OUT OF SIGHT, 2017, Lawrence Weiner (Pérez Art Museum Miami)
Exciting progress on the new-build @VolvoCarUK retail facility underway at #CardiffGateBusinessPark for @MonMotors, working with @JonesBHL to meet new #VRSE (VOLVO Retail Sustainable Experience) standards.
What's next for a #car#dealership after the cars, staff and customers have gone? We think it can lend itself to all kinds of potential reuses. If your showrooms are no longer bursting with custom, talk to us - because we see they are bursting with #potential. #MedaBuilds
We recently asked for unexpected #EV#car questions. No.1: “How do I update the car without access to home wifi? I still can’t do this; guess it’s built for people that have a garage?” Shows how important it is to look at things through customers’ eyes. #CustomerExperience