tooltalk

10 ms·

61.
by tooltalk 1y ago
> China's EV subsidies are basically identical to US and EU subsidies. Not really, not much similarities between China and EU subsidies past 15 years. China's NEV subsidies are illegal because they are either conditioned on il
62.
by tooltalk 1y ago
> Allowing in Chinese EVs into markets where there are important domestic auto manufacturers will be very bad for those domestic manufacturers. I want a level playing field/market competition. Allowing China's illegal subsidie
63.
by tooltalk 1y ago
Tesla's US subsidies mainly came from a ATVM loan from the DOE back in 2008/2009, repaid back in 2013 -- Ford ($6B) was the largest recipient. The DOE had/have other auto/EV/battery subsidies, equally available to
64.
by tooltalk 1y ago
Some foolishly believed that the twin towers were invincible after the 1993 WTC bombing. Before 9/11, most DR (disaster recovery) sites were in Jersey City, NJ just across the river from their main offices in WFC or WTC, or roughly 3-5
65.
by tooltalk 2y ago
It's mostly about cost and market access to China. Most smartphone supply-chain for Samsung and Apple exist outside China -- primarily in Japan (camera, sensors), South Korea (DRAM/NAND, OLED), and the US (various ICs fabbed at T
66.
by tooltalk 2y ago
Occam's razor: the wall is most probably the cause of the unnecessary explosion that killed 179 people. The airport built ILS, or localizer, on unnecessarily over-engineered concrete structure where there shouldn't have been any
67.
by tooltalk 2y ago
Again, no need to pretend that China's EV/battery domination comes from China's market competitiveness or technical advancement.
68.
by tooltalk 2y ago
Sure, sometimes you fight evil with evil. I've also already cited multiple sources on how China delayed everyone's transition to EVs and now as a result both the US/EU in particular are now having to build their own supply-c
69.
by tooltalk 2y ago
Sure, that's because everything China did since 2015 was just putting up more barriers to delay green energy development or EV transition for everyone else. China hates it when other do the same to promote their local clean energy dev
70.
by tooltalk 2y ago
Sure, everyone wants to be next China and is busy "emulating" them. Biden passed the IRA in 2022 which requires local critical material sourcing/manufacturing and excludes any materials, parts sourced from China, inspired by
71.
by tooltalk 2y ago
China is quite anti-competitive. BYD/CATL's success, which comes from their battery market dominance, is a largely outcome of the CCP's protectionism past ~10 years.
72.
by tooltalk 2y ago
China is quite anti-competitive. BYD/CATL's success is a largely outcome of the CCP's protectionism past ~10 years.
73.
by tooltalk 2y ago
China is quite anti-competitive. BYD/CATL's success is a largely outcome of the CCP's protectionism.
74.
by tooltalk 2y ago
I think we should stop pretending that Chinese EV/battery companies can compete on their own without Papa Xi's big wallet or baton to keep out foreign competition.
75.
by tooltalk 2y ago
It's not just mere "subsidies," there is also blatant protectionism. CEOs of incumbents car makers have been warning against the Chinese gov't unsavory anti-market practices to protect their local battery companies and
76.
by tooltalk 2y ago
ironic comment, considering that the Chinese gov't fossile fuel subsidies's is by far the largest in the world -- or $270+B vs. $3B US (see the IMF's 2023 Fossile Fuel Subsidies Report). All that to support cheap energy and o
77.
by tooltalk 2y ago
We also know that most Chinese battery companies would have been crushed by foreign competitors from Japan and South Korea, had the Chinese gov't effectively not banned them and forced their customers to switch to local Chinese battery
78.
by tooltalk 2y ago
The Chicken Tax was initially a response to Europe's protectionist measure against American poultry imports. I see how it eventually turned into a protectionist racket, but most never seem to look at the source of the problem. I feel
79.
by tooltalk 2y ago
The problem here isn't that we don't want to transition to clean green energy, but that China wants to monopolize that, not by market competition, but by mercantilist practices.
80.
by tooltalk 2y ago
Usually no problem with subsidies as long as it is local (eg, GM bailout). China's gov't subsidies to promote export in markets abroad or undercut foreign competitors are generally prohibited.(see Article 3 Prohitibion of the WTO&
81.
by tooltalk 2y ago
That's not exactly how it happened. Sony of Japan was the first to successfully commercialize lithium ion batteries, most commonly used in EVs, in the early 1990's; quickly followed by South Korea -- most or 3/4 of all activ
82.
by tooltalk 2y ago
Not sure if that's the best way to describe China's business model/practice. WRT, EV batteries in particular[1]: ... China requires auto makers to use batteries from one of its approved suppliers if they want to be clear
83.
by tooltalk 2y ago
Not sure where you are getting the subsidy figure. China's EV subsidies have been around since 2009, extended and renewed every 2-4 years. The last consumer "direct purchase subsidies" ended in Dec, 2022, but was extended
84.
by tooltalk 2y ago
Yep, Tesla uses Panasonic's NCA-90, but Tesla now makes 4680 in-house, but without all that fancy dry processed cathodes that promises up to ~20% reduction in cost. LG should be mass-producing 4680's by now (and dry battery electr
85.
by tooltalk 2y ago
LG's 65/115GWh (online/planned) plant in Poland is the biggest battery factory in EU. But I believe the US surpassed the EU this year with the GM/LG's Ultium 2 factory. I have no doubt in my mind that the US batter
86.
by tooltalk 2y ago
I think it's just the cost of doing business in China. A lot of American CEOs including Elon Musk, Tim Apple have to sing and dance to the CCP's piping. And China is still the biggest EV market with 2/3 of the global EV ma
87.
by tooltalk 2y ago
Biden already imposed 100% tariff on EVs and 25% on EV batteries. Tesla was importing CATL's LFP prior to the tariff, but recently dropped it altogether after the tariff became effective.
88.
by tooltalk 2y ago
... added production capacity of nearly 200,000 vehicles per month from August to October of this year. The capacity addition of nearly 2.4 million vehicles over the course of a year is greater than Tesla’s total annualized global prod
89.
by tooltalk 2y ago
What EV markets outside the US/EU? Australia and maybe Thailand? Otherwise, it's difficult to find infrastructure that supports EVs elsewhere. BYD is already in Japan, but it's quite limited. China has shadow-banned Korean
90.
by tooltalk 2y ago
Tesla is not a battery maker. It does some in-house production, eg, 4680, but most of their batteries come from either Panasonic, LG, CATL, or BYD (and L&F just for cathodes).

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