I would expect a Chinese EV to be even more prone to spontaneously catching on fire than a North American made EV.
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).Why do I get the feeling that China really does own us.
They got cheated when holding 2% notes and new ones are 5%.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.
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.They got cheated when holding 2% notes and new ones are 5%.
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).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.
Hope it keeps catching on in all states.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).
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 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.Does anyone have any experience with electric vehicles manufactured by the Chinese? Geely, BYD, Changan etc? If so, what would you pinpoint as the main point of difference? In comparison to standard offerings in the West.
Spin??? your not serious I hope. There is no spin any more than I can say I own Tesla.Not so fast with the great American company look at #31, waiting for the spin. LOL
https://www.streetinsider.com/magazine/american-companies-that-are-no-longer-american/
Great post, however, the generalization of the author saying all Western auto makers are cooked is completely false.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:
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
I have to wonder how much that cost in donations and lobbying. Follow the $$$$.The never ending war against the American consumer is getting ready to insure only the most expensive domestically produced EV's will be available for sale.
Per the WSJ today
"....administration is preparing to raise tariffs on clean-energy goods from China in the coming days, with the levy on Chinese electric vehicles set to roughly quadruple, according to people familiar with the matter."
"...Officials are particularly focused on electric vehicles, and they are expected to raise the tariff rate to roughly 100% from 25%, according to the people. An additional 2.5% duty applies to all automobiles imported into the U.S. The existing 25% tariff on Chinese electric vehicles has so far effectively barred those models, often cheaper than Western-made cars, from the U.S. market. Biden administration officials, automakers and some lawmakers worry that wouldn’t be enough given the scale of Chinese manufacturing...."
Make America Poorer Again.
My guess is they're buying votes in the Midwest and Upper Midwest where they're behind in polling.I have to wonder how much that cost in donations and lobbying. Follow the $$$$.
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.….
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 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.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
How soon will Chinese EV be sold in the USA and be dumped here ?