Latest / BREAK/FIX the Motorsports & Vehicle Enthusiast Variety Show / BYD, MG and Vento: Chinese EVs Invading Mexico

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BYD, MG and Vento: Chinese EVs Invading Mexico · BREAK/FIX the Motorsports & Vehicle Enthusiast Variety Show

• 0:00
  John Summers is the motoring historian.
• 0:02
  He was a company car thrashing technology sales rep that turned into
• 0:06
  a fairly inept sports bike rider.
• 0:08
  Hailing from California, he collects cars and bikes built with plenty of
• 0:12
  cheap and fast, and not much reliable.
• 0:15
  On his show, he gets together with various co hosts to talk about new
• 0:18
  and old cars, driving, motorbikes, motor racing, and motoring travel.
• 0:34
  Good day, good morning, good afternoon.
• 0:36
  It is John Summers, the motoring historian.
• 0:39
  Went to Mexico over Christmas and the New Year.
• 0:43
  Didn't intend to have any sort of, you know, it wasn't like a motoring
• 0:46
  focused trip or anything like that.
• 0:48
  But whilst I was there, There were interesting cars.
• 0:51
  So I thought I'd put together this sort of, you know, motorcycles of Mexico.
• 0:56
  I was originally going to call it, but really what's more interesting
• 0:59
  is a number of Chinese EVs that there are in, in, in Mexico.
• 1:04
  And, and I guess, uh, my podcast bros.
• 1:08
  We're talking about the number of BYDs there are on the street, uh, on the
• 1:12
  streets of Dubai, where, where they are.
• 1:15
  And, uh, that set me thinking there weren't so many in Puerto Vallarta
• 1:19
  where we stayed, but there were a lot of Chinese EVs in Mexico city.
• 1:24
  Yeah.
• 1:25
  So, uh, the invasion of the Chinese it's, it's really here.
• 1:28
  Um, I guess my, my first thought of it was when we were standing in
• 1:32
  immigration before we even, um, went into the country, there was a Giliad.
• 1:37
  And, uh, my first thought of translating the money was, uh,
• 1:41
  it was under 600, 000 pesos.
• 1:44
  And I was like, what the devil is that in, in meaningful money?
• 1:48
  Well, under 25 grand us.
• 1:50
  So in other words, those.
• 1:53
  Domestic OEM makers who, uh, who won't sell you a car for less than 40 grand.
• 2:00
  These guys, they're selling you a car for 20 grand, 25.
• 2:04
  It was like, this was like a RAV4 ish CRV kind of affair.
• 2:08
  It looked like a last generation RAV4, frankly.
• 2:12
  So, this is my note, you know, the invasion is well underway.
• 2:16
  So, we rode in BYD cabs.
• 2:18
  This is build your dreams.
• 2:20
  That's what it stands for.
• 2:21
  Now, I should say I first heard of them when they came to
• 2:24
  San Francisco with the buses.
• 2:26
  The bus company was BYD.
• 2:28
  Then probably two or three years ago, they bought a spot on Peter
• 2:33
  Hay Hill for pebble beach week.
• 2:35
  So, you know, if you come to pebble beach, as you walk down the hill,
• 2:38
  before you get in the show, usually the carmakers like, you know, my back or.
• 2:43
  Bentley or Bugatti.
• 2:44
  They might have a spot there.
• 2:45
  We'll be wide deeded as well.
• 2:47
  Just to be like, Hey, we're building cars.
• 2:50
  I had some chewing gum.
• 2:51
  I remember.
• 2:52
  That they gave away.
• 2:53
  Not very tasty gum, but I didn't hold that against BYD.
• 3:06
  So I guess the headline about these BYD cabs is that one of the cabs we
• 3:12
  rode in had 200, 000 kilometers on it.
• 3:17
  And it was wearing it, you know, like a taxi cab would, you know,
• 3:20
  it looked like it had done 200, it looked like he'd done plenty of
• 3:23
  miles, but it was still together.
• 3:25
  The panel fit was there.
• 3:26
  It was, you know, it was walking and talking like a Nissan or a
• 3:30
  Toyota might look at that's really the headlight here that the Mexican
• 3:34
  market used to be all about Nissan's.
• 3:37
  Didn't it?
• 3:37
  I remember going there 20 years ago when you couldn't move for two The Nissan
• 3:42
  Sentra, which they had badged there as the Tazuruti, as you are you, like
• 3:48
  everything was that, and they, they loved the stick shift ones, not the
• 3:51
  automatics because they lasted longer.
• 3:53
  You know, that was why.
• 3:54
  And I remember asking a cabbie why Nissan, not Toyota.
• 3:58
  And he was like, Toyota is for the personal car, but Nissan is the work car.
• 4:02
  I always, uh, always remember him saying that.
• 4:04
  Well, anyway, The Centras, there are Centras there.
• 4:07
  And a couple of the cabs we rode in were Centras and stick shift Centras,
• 4:12
  but yeah, a lot of these, a lot of these BYDs complete model range, like
• 4:17
  a little, like, you know, like Fiesta sized one and like a sort of, you
• 4:23
  know, Ford C Max sized one, you know, and a sort of RAV4 CRV sized one.
• 4:32
  They seem to be a complete.
• 4:33
  Model range for, uh, for, for BYD.
• 4:37
  Now, look, you're not going to mistake it for a new Audi in
• 4:40
  terms of build quality or design.
• 4:43
  If you were Nissan, you would be absolutely quaking in your boots.
• 4:50
  Uh, how good these, these products are.
• 4:53
  Uh, the, the BYD SUV, particularly, it had the feel of a Kia about it.
• 4:59
  You know, the, the design was exciting as well as it.
• 5:03
  Visibly, as well as you being aware that it was, you know, a, a very, a
• 5:07
  very well priced product, the little BYD SUV, uh, the little BYD, like car sized
• 5:14
  thing, it has like a little Chevron in the, in it's like hip line, you know,
• 5:20
  are you looking at it being like alpha one, five, nine, eat your heart out?
• 5:23
  No.
• 5:24
  Is it a lot more design flair than I was expecting from a
• 5:29
  first generation Chinese maker.
• 5:32
  Oh, absolutely.
• 5:33
  I looked for the panel fit to be bad.
• 5:36
  It wasn't, there was a pink, a sort of movie pink.
• 5:39
  One of these little BYDs as well.
• 5:41
  I mean, not my choice, but in that kind of nail polish hue that makes
• 5:46
  that car, I must have that one for certain people, usually women.
• 5:52
  Young women, I'm not knocking them for it.
• 5:54
  You know, I'm just saying this is a niche, well designed, well considered product.
• 5:59
  So Nissan must be craking in their boots.
• 6:01
  And I guess they are because in this last couple of weeks, we had the
• 6:04
  announcement of the merger with Honda.
• 6:07
  And I did read one particular headline that was the CEO of Honda struggles
• 6:13
  to explain benefit of Nissan merger.
• 6:17
  And if you think of it from Honda's perspective, what exactly is the benefit?
• 6:20
  Well, I'm going to answer that question.
• 6:22
  I think it's size.
• 6:23
  I think it's not letting a fellow Japanese company fail, but I think
• 6:27
  it's size as well, that I think they recognize that Honda are too
• 6:31
  small to survive on their own.
• 6:33
  So, you know, they need the kind of economies of scale that Stellantis and
• 6:39
  Fiat and Citroen and Vauxhall have been, uh, have been trying to, to establish.
• 6:43
  But.
• 6:44
  My God, it's bleak for Stellantis, isn't it?
• 6:46
  But let's not drill on that.
• 6:48
  Let's, let's focus on, on where we were, um, in, in Mexico city there, because
• 6:53
  it was not just BYDs, it was MG as well.
• 6:57
  So MG2 appear to have a complete model range or if not a complete model range.
• 7:03
  They seem to be doing little sedans, little premium coupe sedans, and
• 7:10
  that sort of ubiquitous BMW X1 RAV4 kind of size, little, uh, little SUV.
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  So we had a ride in, in a Mazda in an MG5 cab, and it was nice, you know,
• 7:25
  sort of, you know, I put in a Vauxhall or five year old Toyota kind of way.
• 7:31
  So not like compelling design or anything like that, but just a whole
• 7:35
  lot nicer than you were expecting you to thought this was a Suzuki or a five
• 7:39
  year old Toyota, not something that's a first generation offering from a, from
• 7:44
  a Chinese maker, this, so this MG4.
• 7:46
  For MG5 we were in, it was leatherish, it did nicely on the motorway.
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  We drove on this like raised section of freeway across Mexico city.
• 7:58
  And it was, it was handy along there.
• 8:01
  Um, as I say, you know, you're not looking at them being like, this
• 8:04
  is the best design I've ever seen.
• 8:06
  But what you are saying is, is that you were just in the market for a nice car.
• 8:10
  If this was 20 percent less than anything else on the market,
• 8:13
  you would definitely buy it.
• 8:14
  That's what we're saying.
• 8:15
  It's the old Kia Skoda value proposition going on here.
• 8:20
  Cecil Kimber must be.
• 8:22
  Absolutely spinning in his grave.
• 8:25
  But who knows the notion of MGs being all over Mexico that
• 8:31
  might really appeal to him.
• 8:33
  Mightn't it?
• 8:33
  The notion that Morris is long forgotten, but MG survives across
• 8:39
  the world associated with these, this new dynamic, vibrant brand.
• 8:44
  But you say, doesn't an MG have to be a sports car?
• 8:48
  No, it has to be sporting.
• 8:50
  And I think anything electric is sporting to drive, isn't it?
• 8:54
  It's got Vim and Verve and all of that.
• 8:57
  Ah, but it has to be a two seater sports car.
• 8:59
  Yeah, a lot of MGs were, but magnets weren't.
• 9:03
  YBs, wasn't it?
• 9:04
  The YB that prewar looking sedan that they did that everyone
• 9:08
  said drove really, really well.
• 9:10
  Everyone of my dad's age said drove really well.
• 9:13
  Yeah, you know, I'm like, um, I'm not completely weirded out by MG and
• 9:20
  I was quite enjoying, you know, the thought of, of, of Cecil Kimber and,
• 9:25
  and his badge, his Oxycontin badge.
• 9:28
  Being, you know, high above Mexico city there as, as, uh, as
• 9:32
  a sports bikers weaved amongst us.
• 9:48
  So I put design panel fit interior fit and finish again, really good.
• 9:53
  It was for the BYD.
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  I didn't talk about the BYD cab.
• 9:57
  It had one of these like suicide doors in, in, in the middle.
• 10:00
  So it's very easy to get in and out of the parts of the interior were
• 10:04
  white and they had discolored, but mostly it was holding up really well.
• 10:09
  It was like holding up like a Toyota would at 200, 000 miles, not like a
• 10:13
  Vauxhall would at 200, 000 miles or 200, 000 kilometers, which is what like 120,
• 10:19
  000 miles, 125, something like that.
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  Either way it is, it looked used, but not tired.
• 10:24
  000 miles, not like 120 or 200, 000 kilometers.
• 10:30
  As, uh, as this guy was, uh, was wearing, there were some great West
• 10:34
  motors knocking around in Mexico city.
• 10:38
  Um, I didn't experience them sadly, but I just like saw them from, from afar.
• 10:44
  So, the cabs that I rode in were current generation Sentras, or what we get here
• 10:51
  as, uh, as Versas, not the, not the Nissan Note, the model up from that Nissan
• 10:57
  Versa, it's like a de contented version of probably what you get in Europe, but
• 11:01
  anyway, they were stick shift, um, also had, um, Um, a couple of cab rides in
• 11:07
  Chevy Sparks, or they do a like a facelift of the Chevy Spark or the Chevy Beat.
• 11:13
  Anyway, each of these things was a stick.
• 11:15
  Each of them was wearing more than 200, 000 kilometers, and they
• 11:19
  look way worse than the BYD did.
• 11:21
  They, they really look like they, they couldn't, they couldn't do it.
• 11:23
  They, they weren't able to wear it.
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  The lower mile ones, uh, you, you know, there were a few, you know, clearly
• 11:29
  250 is pushing it 120 K's and, and the things feels not like a new car, but
• 11:36
  it feels not like the kind of car that.
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  Would in no way in hell pass an MOT because of course that is the thing.
• 11:43
  It makes me laugh.
• 11:44
  I follow these YouTubers and they're like, Oh, you know, we feel more
• 11:48
  comfortable MOT in our cars, even though we don't legally have to do it.
• 11:52
  I'm like, you know, buddy Mexico, you're sitting in the cab coming
• 11:56
  from the airport and you're watching the car next to you on the freeway.
• 12:00
  And as the slowing down, the wheels just wobbling.
• 12:03
  backwards and forwards, because obviously the tie rod and the suspension
• 12:07
  and all those rubber components are just completely shot away.
• 12:10
  I mean, it's just, uh, yeah, you need to spend some time south of the border
• 12:14
  a little bit to really see how the, how the other side live when it comes
• 12:18
  to, uh, when it comes to beta cars.
• 12:21
  So I guess because I was like looking at the cars and because we'd ridden in the
• 12:24
  MG, I started looking more closely at the bikes that were scattered curbside there.
• 12:31
  So there's very few BMWs, there's a couple of them, and actually on our way
• 12:36
  out to the airport, right as we were leaving, we passed a big Triumph showroom.
• 12:41
  But that's not what's like today.
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  Parked up lurking on the streets.
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  Now I didn't really delve too closely into the mopeds.
• 12:48
  I'm not going to talk about the mopeds, but, but there are scads of them and scads
• 12:53
  of, uh, of EV ones and things as well.
• 12:56
  But I'm going to focus mostly on the motorcycles.
• 12:59
  Um, these were, these are mostly.
• 13:02
  Poxy sub 250 cc affairs, which is a bit tragic.
• 13:06
  You know, I have to say when I got back to my garage here in California, I like
• 13:11
  surveyed my like liter bikes here and was just like, so relieved I've been able to
• 13:17
  get ahold of these things whilst I can, because these bikes that we're looking at
• 13:22
  in Mexico, they have all the like fronting and maxing of a, of a sports bike.
• 13:27
  But, but really, you know, it's all in this sort of modern,
• 13:31
  faintly pathetic rapper, but, but kind of interesting anyway.
• 13:34
  Right.
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  So pathetic in comparison to a 20 year old jigsaw, but nonetheless a
• 13:40
  motorcycle and, and kind of cool.
• 13:43
  So, so look like most of what they've got is knockoffs of Honda CG one, two fives.
• 13:49
  So this is like your basic one, two, five CC motorcycle.
• 13:53
  Like if you're in England, like the thing that you did, you CBT on.
• 13:56
  But these things, they have front drum brakes.
• 14:00
  A lot of them drum brakes at the front.
• 14:03
  I mean, I was just, and these, and some of these bikes, they're like brand new.
• 14:06
  They're still making these things.
• 14:08
  I can't remember the maker.
• 14:09
  One of the makers was this company Vento, who I'm going to talk about
• 14:13
  more, uh, more in, in, in just a moment.
• 14:16
  So Vento make them.
• 14:18
  Um, and it was actually Vento who I was looking at most closely because
• 14:21
  they do this, uh, Ducati brand.
• 14:24
  Rip off, um, which I think is called the ripper or the scorcher or something.
• 14:29
  And then they do, uh, uh, sort of a previous KTM super Duke kind of rip
• 14:35
  off little bite, but what it is, is instead of the CG one, two, five, this
• 14:39
  is like contented up, it looks better.
• 14:42
  It's got like drum breaks.
• 14:43
  It's got better tires.
• 14:45
  You know, you can tell this is a contented up bike, even if it might seem a bit.
• 14:50
  You know, poxy you might be used to as an American or, uh, or a European.
• 14:56
  So these guys, Vento, blew my mind, right?
• 14:59
  I wikied them up, based in San Diego, sell more motorcycles in Mexico last year
• 15:07
  than Honda, Yamaha, Kawasaki and Suzuki.
• 15:11
  Put together, put together.
• 15:14
  So no wonder they were all over the place.
• 15:16
  Right.
• 15:16
  And you know, if you're living in Mexico city, I mean, the life expectancy
• 15:20
  on these bikes has got to be under five years before they've just got
• 15:24
  the bejesus kicked out of them.
• 15:26
  I mean, it's just, it's like motorcycles, Jim, but not as we know them.
• 15:31
  It's life, Jim, but as we know it, that was, was what I was, uh, was, was, was
• 15:36
  thinking anyway, this is other brands, CF moto, and they seem to do some rip off of
• 15:42
  the BMW GS at the same kind of like high mud guard and asymmetrical headlight.
• 15:49
  But it was all done on like a sort of, you know, two thirds scale.
• 15:52
  It was like a, uh, GS.
• 15:55
  Like for sort of play size then you look at it and you're like hang on
• 15:58
  a minute bloody potholes on this road You know, maybe you do need
• 16:02
  a knockoff adventure bike, right?
• 16:04
  I was cynical at first and then I was like, you know, well, maybe this is kind
• 16:07
  of cool Anyway, i'll let you be the judge.
• 16:09
  I took some pictures Or sub 250 or with these LCD displays,
• 16:15
  which is like weird to me.
• 16:16
  I mean, cause so few of my bikes have LCD displays, but I guess the youngest
• 16:21
  bike I have is like a 2005, isn't it?
• 16:24
  So, you know, it's so that's 20 years old now, isn't it?
• 16:27
  So I wrote here.
• 16:29
  If you've not looked at real examples, the copies seem to
• 16:33
  measure up and that's right.
• 16:35
  It's like, you look at this Vento Scorcher on the other side of
• 16:38
  the street and you think, well, that's a stylish little thing.
• 16:41
  It's only when you get a bit closer, you're like, oh yeah,
• 16:43
  it's a ripoff of a Ducati.
• 16:44
  That's why it looks like that or an Impredia, right?
• 16:47
  But that's why it has that like, oh, but you know, if you're not thinking
• 16:51
  that, if you're just like looking at in comparison to these CG 125s and, you
• 16:56
  know, no name mopeds, You know, EV mopeds.
• 17:00
  Yeah.
• 17:00
  You know, so yeah, so that was interesting.
• 17:02
  So what I should say, and I'll include a picture of this was outside the hotel.
• 17:06
  I did see a bike that was a Suzuki and it was badged as a Gixxer.
• 17:11
  Literally it was a Suzuki Gixxer.
• 17:14
  Not a GSX R250, but a Suzuki Gixxer.
• 17:19
  What an odd little piece it was.
• 17:22
  It made me all the more glad that I have the Gixxers here.
• 17:25
  It may have fed into the fact that I just wrote a letter
• 17:28
  home to my family, Chris Smith.
• 17:29
  I'm going to send it to them.
• 17:30
  Letter home to my family for 2024 and in it, I said, I'm not
• 17:33
  going to buy any more jigsaws.
• 17:35
  Then that very day I got stump tangled up in a auction and I've just bought a third
• 17:40
  89 1100, which I'm going to go and pick up in Santa Monica at the end of next week.
• 17:47
  It's an affliction, isn't it?
• 17:48
  It was only 1, 300 or something.
• 17:51
  I mean, scandalous.
• 17:52
  The bite's got to be worth at least three times that.
• 18:06
  This one's come from England.
• 18:08
  So we'll have to see if I can get hold of an English plate for it or something.
• 18:11
  So
• 18:23
  we're in that ride on the MG in the MG.
• 18:26
  Did see just one jigsaw.
• 18:28
  I said that there were sports bikes filtering past a bunch of guys
• 18:31
  on Italian bikes that was like, obviously out for a weekend ride.
• 18:35
  And one guy was on a sort of 05, 06, that kind of age, 750 red and black 750.
• 18:43
  It was the most desirable vehicle I saw in the time that I was in Mexico.
• 18:47
  Cause there were more valuable cars there, but that was the only thing I
• 18:51
  looked at and thought, Ooh, I want that.
• 18:53
  Makes you realize how lucky you are in California, really.
• 19:11
  What I wrote was, I'm more bemused than horror stricken.
• 19:16
  I mean, we knew it was coming, right?
• 19:17
  But I'm bemused by the speed of this Chinese invasion.
• 19:21
  I think the motorcycle show and indeed what happened to the
• 19:24
  British motorcycle industry shows how devastating it's going to be.
• 19:28
  These Volkswagen layoffs, they're just the beginning.
• 19:31
  You know, is there going to be a Renault?
• 19:33
  Is there going to be a Nissan?
• 19:35
  Is there going to be a Volkswagen, you know, in the year 2035, there's
• 19:40
  going to have to be a lot of upping competitiveness if we're to take on.
• 19:46
  Because it's not just BYD, right?
• 19:48
  It's also guys like Vento.
• 19:50
  Who were rebadging, they're a domestic maker.
• 19:53
  That's an American maker with American sales and marketing.
• 19:57
  Those people who design those bikes, they know what an Aprilia Tuono looks like.
• 20:01
  They know what's cool about a KTM Duke.
• 20:04
  You know, they know that I could see that.
• 20:07
  That's why it's worth doing this pod and talking about it.
• 20:09
  But the BYDs in some ways, they were more terrifying than the Ventos
• 20:14
  because it's good design and they can clearly wear the mileage like that.
• 20:19
  Cab that had 200, 000 kilometers on it.
• 20:21
  I mean, that was like, wow, like, no wonder Nissan are terrified.
• 20:28
  No wonder, um, as a sales manager of mine used to say, panic well,
• 20:32
  panic early and panic well.
• 20:34
  And I feel like that's perhaps what, what Nissan are trying to do.
• 20:39
  So yeah, should I be horror stricken?
• 20:41
  No, cause it's been coming for a long time.
• 20:44
  You know, am I sad if BMW go bust?
• 20:46
  Well, yeah, but are they really making anything that I really love now?
• 20:51
  You know, not in comparison to what they were making 25 years ago.
• 20:54
  I mean, just stop and think about what they were making even in 2010, you know,
• 20:59
  when they had the cojones to be making a sedan with a formula one inspired.
• 21:04
  V10 that revved to nine grand.
• 21:07
  I mean, that was what they used to be doing.
• 21:09
  And now, you know, I, I, I don't know.
• 21:12
  I, I, uh, you know, that Neue Klasse that I learned about recently, that
• 21:16
  BMW dynamic lighting design that I, I learned about just recently.
• 21:21
  You know, there's definitely still good ideas, but I don't know, maybe the whole.
• 21:26
  ethos of car design at the moment is less interesting than it used to be.
• 21:31
  Maybe the whole fact that people are focused on the screen and
• 21:35
  it grows out of the screen.
• 21:36
  I, I, I don't know.
• 21:37
  I mean, you know, I find myself saying, talking about these EVs, they all seem
• 21:41
  to kind of drive pretty similarly.
• 21:43
  And, you know, so I, I'm not sure.
• 21:45
  Maybe that's why I'm more bemused rather than horror stricken at it.
• 21:49
  Maybe the.
• 21:50
  Maybe my horrors expressed itself in the purchase of yet another GSX R,
• 21:54
  which I really don't need, but probably won't be able to bring myself to
• 21:58
  sell after I've spent loads of money putting tires and chains and all the
• 22:02
  other shit that it needs onto it.
• 22:18
  So let's conclude that the bikes, whatever, it's a totally different
• 22:21
  market from Europe and the US.
• 22:23
  So, you know.
• 22:23
  India has their Bajaj, you know, Mexico has their CG125 knockoffs with drum
• 22:30
  brakes, you know, it's fine, isn't it?
• 22:32
  We've got our Gixxers and, you know, you can still buy a Velocette KTT
• 22:37
  in the auctions if you want to.
• 22:39
  So no harm, no foul.
• 22:40
  The bikes.
• 22:42
  But the cars, the full model ranges, the fact that they're not
• 22:46
  just coming, you know, it's not just bloody Lada with one model.
• 22:50
  No, they've like got, and it's not just, you know, the Riva with the big grill
• 22:55
  and the, no, they've done the SUV and the small and the large and the hybrid and
• 23:00
  their pure EV, you know, they are coming.
• 23:02
  With an, and it's not just BYD, it's, it's MG, it's great war motors.
• 23:10
  This other brand that I forget the name of that we saw when we
• 23:13
  were down in Puerto Vallarta.
• 23:14
  So it's many players and, and I just wonder what the second generation
• 23:21
  players are going to look like.
• 23:22
  And what I mean by that is that the car that took us to the airport.
• 23:26
  And when we were leaving Puerto Vallarta was some Chinese brand
• 23:30
  that I'd never heard of before.
• 23:33
  It was like on my wife's Uber and she was like, it's a whatever.
• 23:35
  And I was like, what's that?
• 23:37
  She went, it's red.
• 23:38
  And I was looking and I was like, is it a Nissan Sentra?
• 23:40
  And she went, no, but the number plate was right.
• 23:42
  Well, it turns out it was some rebranded Nissan Sentra.
• 23:46
  It looked like a Nissan Sentra, but it wasn't batched as a Nissan Sentra.
• 23:50
  So that's right.
• 23:51
  They are these.
• 23:53
  Chinese, the, the, the Chinese products that are coming are in
• 23:58
  all shapes and flavors, and they're going to meet all market points.
• 24:04
  It's Teimu taking on Amazon.
• 24:07
  Ooh, it's a thing, guys, and it's coming very soon.
• 24:11
  So what's that going to look like in a decade?
• 24:13
  Well, I mean, I'm, I'm brooding on it.
• 24:16
  I'm reminded of, of those Chevy Corollas, those Toyota Corollas that
• 24:24
  were rebadged as Chevys in the 1990s.
• 24:27
  Or you might remember the Mitsubishi Mighty Maxis that were
• 24:32
  repackaged as like Dodge Ram 50s.
• 24:36
  You know, so in order to get access to the domestic market, the Japanese
• 24:41
  allowed their products to be rebranded and sold by the domestic makers.
• 24:46
  And that's what I think we're likely to see happening.
• 24:48
  In other words, are BYD going to come here as BYD?
• 24:52
  Yeah, but they're also going to come here as BYD.
• 24:55
  BYD, but we're in a Chrysler badge, so they sell better in domestic makers and
• 25:00
  Chrysler are going to be happy to take 10 percent of margin or whatever it is.
• 25:05
  They can make just in the hope that they can survive.
• 25:08
  I think that's, what's going to look like in, in the years to come.
• 25:12
  On that rather depressing note.
• 25:14
  Thank you.
• 25:14
  Drive through.
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