Comments by "tooltalk" (@tooltalk) on "Bloomberg Television" channel.

  1.  @江泽民-k9n  no worries my comrade. China's cheap, inferior batteries are getting banned in the West -- just like China banned all foreign battery competitors since 2016 in fear of being wiped out. I don't blame your ignorance that China's EV market is already 66% of global market and lack of your analytical ability to see through that 66% of 100% local batteries is still 66%. LOL
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  2.  @JayZ-s4x  Tesla is trying to, so maybe in 5-8 years. For now, they get 95+% of batteries from Panasonic, CATL, LG and BYD.
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  3.  @JayZ-s4x  : Tesla will make batteries maybe in 5-8 years; until then 95% of their batteries would come from Panasonic, LG, CATL and BYD.
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  4.  @SherwinWong-us8fx  repost: argh YT doesn't let me post full comment. Did you bother reading the WSJ I posted earlier (go check the full article)? No subsidies to EVs with foreign batteries and coercion against foreign EV OEMs who tried otherwise under Xi's MIC 2025
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  5.  @dream-of-ice  Only in China where all EV OEMs are forced to use locally made batteries by local battery companies since 2016. China's coercion is fairly well known in the industry and among trade regulators, which is why the EU filed a WTO complaint in 2018 and now antisubsidy against China.
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  6.  @dream-of-ice  Also, CATL's combustible NCM811 is also notorious, which is why they are still stuck with NCM while everyone else moved on to next-gen NCM. Just google CATL NCM811
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  7.  @江泽民-k9n  First, it's not 6-7 years ago -- it's China's on-going policy. Perhaps you've heard of your daddy Xi's Make-China-Great-Again 2025 (or Made-In-China 2025). Second, China's key advantage in battery is raw materials/refining supply-chain, not technology.
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  8.  @江泽民-k9n  Third, you should ask your gov't why China is so upset about the EU/US's local sourcing/production/tariff. All they are doing is countering China's every anticompetitive, discriminatory policy with more or less equal response: such as limiting subsidies to EVs wtih Chinese bateries, or minerals sources from China; banning Chinese battery/EV companies from accessing local market. China in fact recently filed a WTO complaint accusing the US of doing what China has been doing past 10 years. Not making this stuff up!
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  9. ​ @江泽民-k9n  : First, it's not 6-7 years ago -- it's China's on-going policy. Perhaps you've heard of Xi's Make-China-Great-Again 2025 (or Made-In-China 2025). Second, China's key advantage is dominance in battery raw materials/refining supply-chain, not technology.
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  10.  @江泽民-k9n  >> Even now foreign brands still take up 40%+ of ... << Sure, passenger vehicles have much longer lifetime than, say, smartphones. The decline of 22% in market share is a fairly dramatic outcome of the Chinese gov't anticompetitive, direct market interference.
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  11.  @江泽民-k9n  >> Nearly all countries once promulgated some protective policies. << Jesus, now you are turning to whataboutism. LOL Like I said, the US/EU are countering China's every anticompetitive, discrimiantory policy of equal response of their own. No whining because everyone else is now doing what China has been doing for a decade.
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  12.  @JoeARedHawk275  since when did the C C P become so pro-consumer? Nah, no worries my comrade, once America's battery production is scaled up and commodified, the prices of EVs would come down. As explained in my other comment, the battery manufacturing is the key to affordable EVs, which is why China forced all foreign EV makers to use locally sourced batteries and eventually monopolize the global supply-chain. Silly Americans and Europeans for believing that China would compete/collaborate fairly with the rest of the world.
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  13.  @江泽民-k9n  >> If you dont believe Chinese auto manufacturers' technology << No worries, my c0mlad friend, China is still busy stealing EV/battery tech from the rest of the world, particularly from Japan and South Korea, as China's medium-term goal under MIC 2025 has always been to duplicate their successes in high-tech manufacturing.
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  14.  @JoeARedHawk275  : it's mildly annoying to see comments disappearing randomly. Since when did the C see P become so pro-consumer?
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  15.  @dikaixu3019  Trump's 2nd term: 400%!
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  16.  @马可-c8n  : there are quite a few already, aside from local JVs with LG, Panasonic, Samsung. It's abut where China was back in 2016. The only challenge for the US is the raw materials -- they don't want to touch anything so dirty and polluting and still want low-cost countries like China to handle that.
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  17. ​ @kslawrence2001  who are "we'? Are you American? If not, why do you care?
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  18. ​ @JoeARedHawk275  Since when did the C See Pee become so pro-consumer? LOL.
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  19. I guess you haven't yet heard of the CCP's $0.50 army yet?
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  20. LOL!! Sure, China's most advanced lithos are made by SMEE 28nm, which is many generations old.
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  21.  @ragnarokws2670  : oh that was pathetic, did you just upvote yourself? or pay wumao?
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  22.  @Rex-ww4cw  : this is so hilarious. There are actually fools believing this nonsense from CCP's propagan bureau.
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  23. Their electricity is also super cheap! 60% fueled by coal! Isn't this great?
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  24.  @sleepyjoe7843  : Thank you China for polluting even more to produce clean energy vehicles!
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  25.  @vltruan  These M3s have China's LFP batteries. According to Cleanerwatt, for instance, they degrade twice as fast as non-LFP EVs -- 10% range loss only after 50K miles.
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  26. except when it's not -- eg, when China plays unfair.
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  27.  @merovingian688  >> Let’s see a Yaris do 0-60 in 2 seconds<< so which "cheap Chinese EVs" do 0-60 in 2 seconds? >> Once the EV infrastructure is in place it’s game over. << You mean after billions upon billions in gov't subsidies to pay for those EVs and infrastructure?
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  28. Yes, it was a huge mistake to allow China to join the WTO and all Wetern companies to move there.
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  29.  @amraceway  Tesla, an American EV maker, is the industry leader.
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  30.  @michalandrejmolnar3715  >> the us has arguably the biggest subsidy EV program of the world << China just extended EV purchases subsidies for another 4 years (2023-2027), estimated to be over $70B. That's in additional to industry subsidies given to miners/refiners, battery makers, EV OEMs, etc, etc.
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  31.  @michalandrejmolnar3715  >> 70b is nothing for the technology they get and the supremacy they can achieve with that tech << China's key advantage is their resource acquisition and refining; not so much tech. China is going to need all that $70B and more to support their illegaly subsidies unsustainable industries.
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  32.  @WarrenKLiu  >> China spends USD 70B for car industry subsidies over 4 years which averages 17.5 billion a year << Firstly, we are talking about purchase subsides as "tax credit" -- that amount doesn't account for other types of industry subsidies injected into EV industries, which includes >> China new car market is roughly 195% of US market. << China has higher unit sales, but we are talking EVs like the Hongguang Mini EV with just over 10KWh vs GM Silverado with 200KWh -- ie, much larger and higher value vehicles. >> US spent 657.275 billion in car subsidies in 2020 ALONE (sauce: US Bureau of Economic Analysis), << LOL.. it's called "source," not "sauce." And I could already see that you have no fact to back up your nonsense and are cooking up numbers in an usual wumao way. EV subsidies in the US were "tax credits" up until this year and it was contingent on the price of EV and the gross income of the buyer. Second, there are just over 254K BEVs sold in the US in 2020 -- multiply that by $7,500 = $1.9B for the entire year 2020. Simple math. And there is no US BEA stat that would suport your absurd numbers.
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  33.  @WarrenKLiu  try harder wumao. There is no such US BEA "source" that would back up your nonsense. The US's BEV sales in 2020 was barely over 250K which would mean at max $1.9B (x $7,500) was returned to EV buyers as tax credit (or subsidy).
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  34.  @WarrenKLiu  >> In terms of new unit sales raw numbers, I stand by my statement. << You continue to make stuff up about things you don't understand. First, it seems fairly clearly that you don't have a good grasp of numbers, whether it's gov't subsidies, EV sales, or EV segments in which top selling Chinese EVs are sold, or the different market segments in the US. You also lack basic understanding of how subsidies work or what is legal or illegal under the law or China's WTO obligation. For instance, not all subsidies are illegal, but China's state-led export policy -- ie, subsidizing EV exports or de-subsidizing foreign imports/competitors (aka, "local content requirement") -- is in violation under China's WTO obligation: "... subsidies that require recipients to meet certain export targets, or to use domestic goods instead of imported goods. They are prohibited because they are specifically designed to distort international trade, and are therefore likely to hurt other countries’ trade. ..."
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  35.  @WarrenKLiu  Your statement means jack squat. You are an armchair Chinese propaganda warrior and your "sauce" comes from unintelligent Microsoft Co-Pilot whose falsehood has already destroyed. bye bye.
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  36. which mean this varporware won't be mass-production ready for.... ever LOL
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  37. >> Funny. Tesla is USA. Furthermore capitalism is at work. << All I see are gov't mandates and subsidies.
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  38. Sure, that was a retaliation, or counter measure, against Europe's protectionism on poultry industry. China is now getting a reciprocal policy for their exclusionary policy banning foreign battery makers since 2016.
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  39.  @ClunFunDun  >> The lack of competition is hurting US consumers. << It worked rather well in China. The Chinese gov't banned foreign battery competitors to make sure that only local players like CATL/BYD could survive. Take some time, but it's worth it to protect it.
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  40. >> CHINA HAS A SPACE STATION << Sure, and guess where China's space station/satellite tech came from. >> IT WAS JUST A MATTER OF TIME. << time that China would copy and steal everything from the US. >> ... THE RECENT PRO 60 SMARTPHONE USES 7NM CHIPS << SMIC's 7nm like everything else is not something indigenously developed in China -- it's made largely possible by former TSMC engineers like Mong Sang Liang (former head of TSMC's R&D). >> . THIS BREAKTHROUGH MEANS IN A YEAR CHINA WILL BE CHIP INDEPENDENT, FROM DESIGN TO PRODUCTION << What this means that China has successfully copied and stole much of what they need, though they are still 5-6 years behind. However, without further open access to the US tech, it would significantly longer to make "progress."
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  41. I don't think this is the case. The world has already been moving away from China past 13 years since China foolishly weaponized REM against Japan in 2013. China's share of REM has gone down quite a bit and their market share stands at 65% vs 95+% in 2010.
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  42. It actually started under Clinton and China's access to the WTO in 2001, not Reagan. There was hardly any outsourcing to China prior to this.
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  43. I doubt it.
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  44. Sure, all the Europe EV makers were forced use Chinese batteries since 2016.
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  45.  @xiaoyanxie8807  China's key advantage is cost, not quality. It's not poor, just "good enough" for given price.
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