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Tyler Crowe

πŸ‘€ Speaker
3589 total appearances
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Motley Fool Hidden Gems Investing
Assessing the Rise of Chinese EV Manufacturers

So there was a little bit of that sort of involvement.

Motley Fool Hidden Gems Investing
Assessing the Rise of Chinese EV Manufacturers

But I do want to give two anecdotes, I think, is a good example of this story that we're talking about.

Motley Fool Hidden Gems Investing
Assessing the Rise of Chinese EV Manufacturers

You said, I'm too young to remember Japanese cars taking the market.

Motley Fool Hidden Gems Investing
Assessing the Rise of Chinese EV Manufacturers

But I do remember that, I think it was an early or mid-'80s automotive magazine, where they lined up a Buick, an Oldsmobile, a Pontiac, and a Chevrolet right next to each other.

Motley Fool Hidden Gems Investing
Assessing the Rise of Chinese EV Manufacturers

They were the exact same color.

Motley Fool Hidden Gems Investing
Assessing the Rise of Chinese EV Manufacturers

They were the exact same body, build, make.

Motley Fool Hidden Gems Investing
Assessing the Rise of Chinese EV Manufacturers

They looked exactly the same.

Motley Fool Hidden Gems Investing
Assessing the Rise of Chinese EV Manufacturers

And it was kind of like an indictment of the American auto

Motley Fool Hidden Gems Investing
Assessing the Rise of Chinese EV Manufacturers

industry getting very complacent with what they were doing and being like, look, you almost deserve to get your hat handed to you because this is what you're putting out.

Motley Fool Hidden Gems Investing
Assessing the Rise of Chinese EV Manufacturers

And one might argue a little bit of that is happening today.

Motley Fool Hidden Gems Investing
Assessing the Rise of Chinese EV Manufacturers

The other anecdote, and this is a little bit behind the curtain here.

Motley Fool Hidden Gems Investing
Assessing the Rise of Chinese EV Manufacturers

I live overseas, a little bit of personal disclosure here.

Motley Fool Hidden Gems Investing
Assessing the Rise of Chinese EV Manufacturers

And I do live in a country where Chinese EVs are popping up everywhere.

Motley Fool Hidden Gems Investing
Assessing the Rise of Chinese EV Manufacturers

This was a place that we would see a

Motley Fool Hidden Gems Investing
Assessing the Rise of Chinese EV Manufacturers

Imported cars from Japan, United States that were probably used cars or something like that.

Motley Fool Hidden Gems Investing
Assessing the Rise of Chinese EV Manufacturers

And a lot of that is getting displaced by Chinese electric vehicles.

Motley Fool Hidden Gems Investing
Assessing the Rise of Chinese EV Manufacturers

Almost all of the taxis these days are being quickly moved over to BYDs or something like that in the electric vehicle space.

Motley Fool Hidden Gems Investing
Assessing the Rise of Chinese EV Manufacturers

So it is interesting to see it on an anecdotal basis really happening.

Motley Fool Hidden Gems Investing
Assessing the Rise of Chinese EV Manufacturers

After the break, we're going to go from the business of making Chinese EVs to the actual investability of the Chinese EV market.

Motley Fool Hidden Gems Investing
Assessing the Rise of Chinese EV Manufacturers

There's a little bit of irony in the emergence of new EV companies, both in China and, to a lesser degree, the United States.