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D W
Bloomberg Television
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Comments by "D W" (@DW-op7ly) on "China's EV Price War" video.
That's what Americans complained about when it came to solar panels. Now China leads the world in that industry. If these Chinese car companies are lowering prices to put competion out of business in China the western companies will have no chance.
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I’m talking about how the Chinese bankrupted US solar companies 👇 Solyndra was a manufacturer of cylindrical panels of copper indium gallium selenide (CIGS) thin film solar cells based in Fremont, California. Heavily promoted as a leader in the sustainable energy sector for its unusual technology, Solyndra was not able to compete with conventional solar panel manufacturers of crystalline silicon.[1] In 2009, the Obama administration co-signed $535 million loans to Solyndra Wikipedia
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You can tariff all you want… hoping to compete that way The irony is during the trade war while the USA was raising tariffs China was lowering or getting rid of them on other countries 👇 Solyndra: $1.2 billion in contracts undercut by China By Tom Hals October 18, 201111:26 AM PDT WILMINGTON, Delaware (Reuters) - Executives from bankrupt Solyndra LLC testified on Tuesday that a flood of cheap Chinese solar panels kept it from realizing $1.2 billion in contracts it announced in 2008. Three years after Solyndra announced those long-term contracts, its cumulative sales total a mere $330 million, company executives said in a meeting with creditors. The company filed for bankruptcy in early September and days later was raided by the Federal Bureau of Investigation. Solyndra has become an embarrassment for the Obama administration, which provided it a $535 million government loan that now seems unlikely to be repaid in full. Reuters
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