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No. German wealth has come decades from exporting German cars and machinery. Nowadays you can get those cheaper from China in not much worse quality. Addition

No. German wealth has come decades from exporting German cars and machinery. Nowadays you can get those cheaper from China in not much worse quality. Additionally all internet profits go to tax avoiding companies originated in the US (Germany is not alone on that, it's the same all over Europe). None of them has to do anything with electricity.

onlyrealcuzzo 2y ago
The effects of BYD have BARELY been felt by Germany. It will cause huge problems, but it has barely scratched the surface. Everything else has been going on for decades - aside from the electricity prices which have sky-rocketed, mostly due to Germany's harebrained idea to shut down all of its perfectly working nuclear reactors for no reason other than politics. What comes around goes around, and that decision will kill the party that made it, thankfully. It is an insult to German ingenuity for those idiot politicians to have shut down reactors that generated almost $12B of CLEAN electricity per year.
- illiac786 2y ago
  Can I ask which party made this decision? I’m curious.
  - usr1106 2y ago
    It was backed by a vast majority of the population after the Fukushima desaster. Originally only the Greens were against nuclear power. Later even the conservatives under Merkel changed sides and finalized the decision. Not doing so would have been political suicide. Nuclear power is only (relatively) clean until something goes wrong. Edit: The party that has finalized the decision is widely predicted to win the upcoming election. The GP is wrong that it would kill them. The Green party might end up with poor a result, but they were not in power when the decision was made.
    - mpweiher 2y ago
      Yes, Merkel flip-flopped. No, nuclear power is still comparatively safe and clean, even when you include the few times that something did go wrong. See: https://ourworldindata.org/safest-sources-of-energy https://ourworldindata.org/safest-sources-of-energy
  - mpweiher 2y ago
    The Atomausstieg was decided by the SPD/Green coalition in 2002. Getting rid of the nukes was primary reason for the founding of the Green Party, it was an off-shoot of the German anti-nuclear movement. That SPD/Green coalition was the first time the Greens were in power, shutting down the nuclear reactors was their precondition for entering into the coalition with the SPD. So for the Greens it was their raison d'être. For the SPD under Chancellor Gerhard Schröder it was expedience in order to obtain and maintain power. And, as we later discovered, personal enrichment: Schröder, or Gazprom-Gerd as I call him, was handsomely rewarded after he stepped down with a seat on the board of Russia's Gazprom energy giant. A seat he retains to this day. The corruption is so blatant, it still boggles the mind: a former head of government of one country given a seat on the board of the state-run energy company of a different (and not entirely friendly) country after enabling major deals for that company with the country he was the leader of. The Nordstream 1 pipeline from Russia to Germany via the Baltic was approved and started soon after the Atomausstieg was inked, by the same government. The CDU-led government that followed immediately after (Merkel 1) did not touch this, because it was a grand coalition that included the SPD who had made the original decision. The second Merkel government did not include the SPD, and so they actually had planned to reverse the shutdown. Then Fukushima happened and Merkel, always the triangulator of popular opinion, flip-flopped. In the end, nothing of substance was changed compared to the original law passed in 2002, just the times were pushed back a little.
wenc 2y ago
A German auto reviewer Autogefühl did a review of an XPeng (a car made by the Chinese company VW is investing in) https://www.youtube.com/watch?v=niKz4XePRfQ https://www.youtube.com/watch?v=niKz4XePRfQ It was a fair review and the product looks very compelling. We definitely need to pay attention and update our priors.
- LargoLasskhyfv 2y ago
  As a native german speaker I find the brandname hilarious :) Because that 'Peng', like 'Päng' translates as 'Bang!', so something coming apart with a loud bang, or shall we say: 'rapid unscheduled disassembly' ? The X could be interpreted as X-tra, so super likely, as a bonus :)
  - wenc 2y ago
    Peng is onomatoeia for “bang” yes. But usually a gunshot or explosive bang which could be either positive or negative (could be a huge technological “bang”). “Rapid unscheduled disassembly” might be your personal reading of it, but that is not my reading.

onlyrealcuzzo 2y ago

The effects of BYD have BARELY been felt by Germany. It will cause huge problems, but it has barely scratched the surface. Everything else has been going on for decades - aside from the electricity prices which have sky-rocketed, mostly due to Germany's harebrained idea to shut down all of its perfectly working nuclear reactors for no reason other than politics. What comes around goes around, and that decision will kill the party that made it, thankfully. It is an insult to German ingenuity for those idiot politicians to have shut down reactors that generated almost $12B of CLEAN electricity per year.

illiac786 2y ago
Can I ask which party made this decision? I’m curious.
- usr1106 2y ago
  It was backed by a vast majority of the population after the Fukushima desaster. Originally only the Greens were against nuclear power. Later even the conservatives under Merkel changed sides and finalized the decision. Not doing so would have been political suicide. Nuclear power is only (relatively) clean until something goes wrong. Edit: The party that has finalized the decision is widely predicted to win the upcoming election. The GP is wrong that it would kill them. The Green party might end up with poor a result, but they were not in power when the decision was made.
  - mpweiher 2y ago
    Yes, Merkel flip-flopped. No, nuclear power is still comparatively safe and clean, even when you include the few times that something did go wrong. See: https://ourworldindata.org/safest-sources-of-energy https://ourworldindata.org/safest-sources-of-energy
- mpweiher 2y ago
  The Atomausstieg was decided by the SPD/Green coalition in 2002. Getting rid of the nukes was primary reason for the founding of the Green Party, it was an off-shoot of the German anti-nuclear movement. That SPD/Green coalition was the first time the Greens were in power, shutting down the nuclear reactors was their precondition for entering into the coalition with the SPD. So for the Greens it was their raison d'être. For the SPD under Chancellor Gerhard Schröder it was expedience in order to obtain and maintain power. And, as we later discovered, personal enrichment: Schröder, or Gazprom-Gerd as I call him, was handsomely rewarded after he stepped down with a seat on the board of Russia's Gazprom energy giant. A seat he retains to this day. The corruption is so blatant, it still boggles the mind: a former head of government of one country given a seat on the board of the state-run energy company of a different (and not entirely friendly) country after enabling major deals for that company with the country he was the leader of. The Nordstream 1 pipeline from Russia to Germany via the Baltic was approved and started soon after the Atomausstieg was inked, by the same government. The CDU-led government that followed immediately after (Merkel 1) did not touch this, because it was a grand coalition that included the SPD who had made the original decision. The second Merkel government did not include the SPD, and so they actually had planned to reverse the shutdown. Then Fukushima happened and Merkel, always the triangulator of popular opinion, flip-flopped. In the end, nothing of substance was changed compared to the original law passed in 2002, just the times were pushed back a little.

wenc 2y ago

A German auto reviewer Autogefühl did a review of an XPeng (a car made by the Chinese company VW is investing in) https://www.youtube.com/watch?v=niKz4XePRfQ https://www.youtube.com/watch?v=niKz4XePRfQ It was a fair review and the product looks very compelling. We definitely need to pay attention and update our priors.

LargoLasskhyfv 2y ago
As a native german speaker I find the brandname hilarious :) Because that 'Peng', like 'Päng' translates as 'Bang!', so something coming apart with a loud bang, or shall we say: 'rapid unscheduled disassembly' ? The X could be interpreted as X-tra, so super likely, as a bonus :)
- wenc 2y ago
  Peng is onomatoeia for “bang” yes. But usually a gunshot or explosive bang which could be either positive or negative (could be a huge technological “bang”). “Rapid unscheduled disassembly” might be your personal reading of it, but that is not my reading.