There are a lot of videos on youtube showing Chinese EV batterys exploding, wields breaking, front ends breaking off. Not saying they are all like that but enough that I'd be wary and trust teslas quality more.
I’m more concerned about them from a security perspective. Most EVs are network connected computers on wheels. Driving a car like that made by a geopolitical adversary is not appealing at all.
This will speed up their domestic electric mobility transition, and as their market saturates, they will eventually point the firehose of affordable EVs (from the built up manufacturing base) at the rest of the world that doesn’t punitively tariff. This should also contribute to demand destruction for petroleum for light vehicle mobility [1].
With every housing unit ever needed already built [2], China is going Big Tech and Clean Energy [3]. It was unfortunate how much real estate consumed their economy, but being the clean energy and mobility factory to the world (with an enormous global total addressable market) is a rising tide that lifts all boats.
A bit of my analysis is: perhaps the developed/Western world should consider similar subsidies?
Unrelated, but the second link is very intriguing. Does this mean that housing can be free for the population? Its just hard to wrap my head around given housing issues in the west
Many existing housing stock are not up to the modern standard. Also much of the new housing is built on where land is cheap, not where people currently prefer to be. It will take time to see if people actually follow housing supply (unlikely), when all evidence is people move to where housing is unaffordable (or rather unaffordability is a measure of people's desire to live somewhere).
I agree there are a lot of possibilities ahead, and we’ll only know what the outcome is by observing over a period of time. But, to be frank, I believe in China’s ability to execute far more than the US’ in this context. If your average Chinese citizen attempts to scam the system, they’re more likely to meet punitive measures than in the US, and China’s ability to engineer and manufacture shouldn’t even be up for debate.
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[ 1.9 ms ] story [ 52.6 ms ] threadWith every housing unit ever needed already built [2], China is going Big Tech and Clean Energy [3]. It was unfortunate how much real estate consumed their economy, but being the clean energy and mobility factory to the world (with an enormous global total addressable market) is a rising tide that lifts all boats.
A bit of my analysis is: perhaps the developed/Western world should consider similar subsidies?
[1] https://www.scmp.com/business/china-business/article/3260353... | https://archive.today/rIOAC ("PetroChina: rapid EV uptake means oil consumption for transport to peak by next year ‘at the latest’ in China")
[2] https://www.reuters.com/world/china/even-chinas-14-bln-popul... ("Even China's 1.4 billion population can't fill all its vacant homes, former official says")
[3] https://www.bloomberg.com/news/features/2024-07-15/evs-solar... | https://archive.today/LOdqN ("Bloomberg: Xi Jinping’s Great Economic Rewiring Is Cushioning China’s Slowdown")