I would expect a Chinese EV to be even more prone to spontaneously catching on fire than a North American made EV.
Chinese EV models
- Thread starter GoGrrreen
- Start date
Primarily because of trade deficit. China is holding a lot of USD and debt because they don't know what they can buy from the US when China itself is the manufacturing hub and has lower labor cost. If USD is pegged to gold then it probably isn't a problem, but that ship sailed before CCP becomes the "China" during Nixon shock. So they have to buy something, just like Saudi and Japan and Norway. That's why before 08 they were buying mortgage, but after that it is proven to be toxic and easily to cheat, so they buy physical land and single family homes to rent out. (Saudi, Singapore, Norway, Russia are all doing that as well indirectly through BlackRock, etc).
Most USD and US debt holders on the international market felt cheated when we QE 5x the amount of debt and USD in circulation recently. They would rather buy inflated real assets than holding paper bills. I have seen on the international market China has been dumping US debt and Japan has been buying them up, but they can only sell so much before Japan cannot buy them anymore.
They got cheated when holding 2% notes and new ones are 5%.
A lot of those notes are bought as hedges and the risk factored in. Unless you control your own currency (Japan uses mostly USD as their sovereign currency hedge so they don't control their own destiny like US does), you are going to be cheated on.
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Not sure if you just saw the news out of Tennessee, but that just got a lot harder to do (Chinese companies owning land in that state anyway).
Hope it keeps catching on in all states.
Most of the countries claiming/feeling they've been cheated did and do far worse damage to their currency than our QE cycles.
Although the ruling body may whine, everytime china relaxes investment restrictions its currency flees the country like each yuan has its own set of wings. Industry is fleeing china just about wherever they can.
What was the largest assets class globally the Chinese real estate market has become incalculably large house of cards.
I feel bad for the chinese people that invested in unbuilt property only to lose their life savings with the added rub of having to continue to make payments for something they will never receive, or what they will get will be so poorly made as to be utterly worthless.
Xi has a real conundrum on his hands.
They look nice when new but cheap out in a lot of baffling ways like painting one side, mediocre to non-existent rustoroofing and buggy interference and touch screens.
Spin??? your not serious I hope. There is no spin any more than I can say I own Tesla.
This is a scam "click bait" story. Check on any one of these companies.
#31 says and implies Tesla was purchased by Tencent Holdings Ltd (a Chinese holding company)
Keep in mind the so called magazine says;
"American Companies That Are No Longer American"
The media and social media is killing this country and the world. The masses of people unable to verify or critically think and believe stuff like this. Actually the people are killing the world believing fake so called news and information day and night.
Ok, with that said, even though the the so called "story" (and wow what a story) is titled = American Companies That Are No Longer American
It safe to say they are saying/claiming the companies on this list are no longer American is a flat out lie but I suspect the public at large, being they believe anything they read will think the story is true.
SO here we have this story saying Tesla no longer American based on the title, showing it was purchased by China based Tencent Holdings Ltd. Yeah, ok, wanna buy a bridge from me? Tencent Holdings Ltd bought shares in Tesla stock, like anyone else. They have a 5% investment in Tesla stock. FIVE PERCENT *LOL*
SO there is the "spin" you are looking for. Tencent Holdings Ltd does not own Tesla and like any publicly traded stock has shareholders from around the world.
BTW - Im not at all preaching, just having an open discussion on more fake news and social media stories that much of the population believes. Anyone looking at this might believe it, unless they research it (which they dont) to find out Tencent Holdings Ltd has a 5% stake in Tesla Stock. Im glad I ran into your post, I had no idea things were this bad in the so called "media" We are doomed that this "publication" even exists is beyond me.
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The never ending war against the American consumer is getting ready to insure only the most expensive domestically produced EV's will be available for sale.
Per the WSJ today
"....administration is preparing to raise tariffs on clean-energy goods from China in the coming days, with the levy on Chinese electric vehicles set to roughly quadruple, according to people familiar with the matter."
"...Officials are particularly focused on electric vehicles, and they are expected to raise the tariff rate to roughly 100% from 25%, according to the people. An additional 2.5% duty applies to all automobiles imported into the U.S. The existing 25% tariff on Chinese electric vehicles has so far effectively barred those models, often cheaper than Western-made cars, from the U.S. market. Biden administration officials, automakers and some lawmakers worry that wouldn’t be enough given the scale of Chinese manufacturing...."
Make America Poorer Again.
Per the WSJ today
"....administration is preparing to raise tariffs on clean-energy goods from China in the coming days, with the levy on Chinese electric vehicles set to roughly quadruple, according to people familiar with the matter."
"...Officials are particularly focused on electric vehicles, and they are expected to raise the tariff rate to roughly 100% from 25%, according to the people. An additional 2.5% duty applies to all automobiles imported into the U.S. The existing 25% tariff on Chinese electric vehicles has so far effectively barred those models, often cheaper than Western-made cars, from the U.S. market. Biden administration officials, automakers and some lawmakers worry that wouldn’t be enough given the scale of Chinese manufacturing...."
Make America Poorer Again.
This thread started out a few years ago, so things have had ample time to change. Yes, Tesla started out as an American company, which soon relied HEAVILY on the Chinese market for survival. The Chinese, seeing the writing on the wall caught on very quickly. (as usual).
Now this article pops up and pretty much define the present:
https://insideevs.com/features/719015/china-is-ahead-of-west/
It's worth a read.
I want a Geely!
Now this article pops up and pretty much define the present:
I Went To China And Drove A Dozen Electric Cars. Western Automakers Are Cooked
https://insideevs.com/features/719015/china-is-ahead-of-west/
It's worth a read.
I want a Geely!
Great post, however, the generalization of the author saying all Western auto makers are cooked is completely false.
The reason being is Americans don’t have to settle for electric vehicles nor do they have to be inconvenienced by them.
The only possibility of this changing is if the American public votes for people who want to do away with gasoline which granted will play right into the hands of the Chinese.
I have to wonder how much that cost in donations and lobbying. Follow the $$$$.
My guess is they're buying votes in the Midwest and Upper Midwest where they're behind in polling.
Personally I wouldn't touch a Chinese branded car at all. Not from a quality / performance point of view, but entirely from a political stand point.
I think it's time that a lot of Western countries took note of what China's priorities are and what they want from the world. They know with their huge manpower benefit they can hugely undercut prices of western producers causing many western companies to struggle. They are catching up fast in quality and flooding the market with cheap versions of pretty much everything.
At the same time, they are often caught spying / manipulating various different elections etc. They have money invested all over the world. A lot of African countries are trading their raw material ownerships for quick bucks from the Chinese / Russians.
It's easy,
Step 1 - China / Russia promise to build a huge infrastructure project and give money to an African government
Step 2 - African country hands over ownership of another mine to those countries.
Step 3 - African countries government sells it as a big win to its people.
Step 4 - China / Russian owners pay pennies to the African workers in the mines & do half baked job of infrastructure project.
Step 5 - China / Russia own yet ANOTHER critical raw material mine the West then has to buy from.
Now they have their eye on Taiwan, which conveniently the US has put all of it's eggs in for the production of 90% of the worlds semiconductors since Intel / AMD stopped fabricating in the US.
I think it's time that a lot of Western countries took note of what China's priorities are and what they want from the world. They know with their huge manpower benefit they can hugely undercut prices of western producers causing many western companies to struggle. They are catching up fast in quality and flooding the market with cheap versions of pretty much everything.
At the same time, they are often caught spying / manipulating various different elections etc. They have money invested all over the world. A lot of African countries are trading their raw material ownerships for quick bucks from the Chinese / Russians.
It's easy,
Step 1 - China / Russia promise to build a huge infrastructure project and give money to an African government
Step 2 - African country hands over ownership of another mine to those countries.
Step 3 - African countries government sells it as a big win to its people.
Step 4 - China / Russian owners pay pennies to the African workers in the mines & do half baked job of infrastructure project.
Step 5 - China / Russia own yet ANOTHER critical raw material mine the West then has to buy from.
Now they have their eye on Taiwan, which conveniently the US has put all of it's eggs in for the production of 90% of the worlds semiconductors since Intel / AMD stopped fabricating in the US.
Taiwan will be one day part of mainland China. Taiwan is a renegade republic that at one time Taiwans goal was going to be to retake China and regrouped w on the island known as Taiwan.
That obviously was abandoned and the world
abandoned them as well when they withdrew from the United Nations.
Barely none and definitely no significant countries in the world recognize Taiwan as a country
Once China is done incorporating Hong Kong, which is acknowledged their successfully doing, Taiwan will be next.
Every day for decades now as Americans, we feed main land China’s war machine with our money and technology
I suspect that those who live on the island as well as our own government might take exception with what you've espoused in this post.
Unlike Hong Kong, which was on an expiring lease to the UK, Taiwan exists outside of the scope of the mainland and has no intention of going down without a fight. It would also not be an easy fight. Just look at the water an invading force from the mainland would have to cross.
China's neighbors are also not happy with China's current expansionist policies in the region.
Finally, with all the talk of Chinese investment worldwide, imagine the sequestrations that China and its enterprises would suffer should they choose to launch an armed attack on Taiwan. Worldwide sanctions would be a certainty, with the added benefit to developing nations of allowing them to repudiate their debt to China and take back any property ceded to Chinese enterprises.
Incidentally, if you ask a Taiwanese what they call their country, they'll say without hesitation "China".
In light of the soon to be announced 100% tariff I'm going to guess never.