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

  1.  @spider6660  : what part of "abundant" do you not understand? China's production of sillicon is a function of the CCP's subsidies and industry promotion. There is no race or exclusivity in exploring or processing sillicons b/c they are literally just all over this planet. Contrary to your pathetic defense of China's bottom feeding, the only reason China processes most metals is b/c of their cost advange, not advanced processing/tech. Further, the chip manufacturing industry is not measured by weight -- the size and weight of chips/die/transitors are almost always inversely proportional to their key peformance/power metrics.
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  2. you aren't clearly paying any attention to the dollar index.
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  3.  @premiumroach495  no worries though, Apple is notorious for their shamless IP theft and screwing their potential/existing suppliers.
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  4. We all know that. That's how they force out foreign competitors.
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  5.  @infoworld7706  : this has been going on at least since 2013 when Xie's dictatorship started. Remember foreign brands like Samsung and Hyundai which topped the Chinese smartphone and auto market? They now have less than 1% of the Chinese market share under Xie's command to force them out to make room for domestic companies. Do you know LG Chem, the world's largest battery maker outside China? China had a whitelist telling all domestic EV companies to buy from those only from the whitelist, which only contained BYD/CATL, and a few other domestic companies; no foreign companies. >> so why it hasn't happened a few years ago? << With regards to EVs, remember that Chinese battery makers like BYD/CATL were struggling with LFP batteries until 2021 and BYD only begun to make LFP EVs in big numbers.
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  6. And the US saved China from the Imperial Japan who surely would have taken over the whole country.
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  7. no. china's illegal "export subsidies" and "local content requirement" are explicitly declared as illegal under China's WTO obligation.
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  8. Of course they will survive, but no more gluttony.
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  9. >> will be able to sell an electric car for under 40k USD with a 400 mile range. << highly doubt it. LFP can't do that due to their technical shortcoming.. CATL may be able to offer NCM at that price range in the US, but they would have to face patent infringement cases from LG and many others in the US.
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  10. >> But the US Congress and their protectionists won't let it happen. << And let's not pretend that China is a champion of free-market or free-trade. If China hadn't banned foreign battery competitors since 2016, CATL perhaps wouldn't be here today.
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  11. China's export of EVs is subsidized by the gov't. The German auto industry is not.
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  12.  @LivingLonger  Sure, and coercing EV OEMs to use local components is in violation of China's obligation. And WSJ points out -- Power Play: How China-Owned Volvo Avoids Beijing’s Battery Rules Car maker is allowed to use high-end foreign technology, while rivals are squeezed into buying local, Trefor Moss, May 17, 2018: ... China requires auto makers to use batteries from one of its approved suppliers if they want to be cleared to mass-produce electric cars and plug-in hybrids and to qualify for subsidies. These suppliers are all Chinese, so such global leaders as South Korea’s LG Chem Ltd and Japan’s Panasonic Corp. are excluded.
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  13.  @LivingLonger  China's EV subsidies have been around since 2009 -- renewed/extended every 3-4 years. Since Xi's Make-China-Great-Again 2025 (aka, Made-In-China 2025), they have discriminated all foreign battery maker to protect local makers, such as BYD/CATL. Tesla's first Long Range model with LG Chem's NCM batteries for instance didn't qualify for any subsidy in China until the subsidy was reduced in 2020.
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  14.  @LivingLonger  : (continued) Foreign batteries aren’t officially banned in China, but auto executives say that since 2016 they have been warned by government officials that they must use Chinese batteries in their China-built cars, or face repercussions. That has forced them to spend millions of dollars to redesign cars to work with inferior Chinese batteries, they say. ... “We want to comply, and we have to comply,” said one executive with a foreign car maker. “There’s no other option.” China's tactic of forcing local content requirement is in violation of China's WTO obligation. That is precisely the basis of the EU's antisubsidy probe against China's EVs launched last Oct and that's partly what motivated the US IRA in 2022. Quite laughably, China recently filed a WTO dispute accusing the US of doing what China was illegally doing wrt subsidies.
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  15.  @LivingLonger  Sure, China changed from "direct purchase subsidies" to "tax credit." The US's EV subsidies method was opposite -- it was "tax credit" until last year and now changed to "direct purchase model." China's new tax credit subsidies is expected to cost the Chinese gov't about $72B in consumer subsidies, which is still a small part of the Chinese gov't illegal export subsidies. According to the EU's notice of antisubsidy in Oct: ... In particular, the Commission has found evidence, among others, of various grants, provision of loans, export credits and credit lines provided by State-owned banks or bonds underwritten by State-owned banks and other financial institutions at preferential terms, provision of preferential export insurance; income tax reductions and exemptions, dividend tax exemption, import and export tax rebates; VAT exemptions and rebates; and government provision of goods (such as raw and input materials as well as components) and services for less than adequate remuneration. ...
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  16.  @LivingLonger  reposting: ... You are just repeating my comment on other thread. Sure, China changed from "direct purchase subsidies" to "tax credit." The US's did the opposite -- it was "tax credit" until last year and now changed to "direct purchase" model. China's new tax credit subsidies is expected to cost the Chinese gov't about $72B in consumer subsidies, which is still a small part of the Chinese gov't illegal export subsidies. China's EV subsidies including consumer/industrial is estimated to be over $40B last year.
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  17.  @LivingLonger  : And according to EU Commission's Notice of Antisubisdy Probe last year: ... In particular, the Commission has found evidence, among others, of various grants, provision of loans, export credits and credit lines provided by State-owned banks or bonds underwritten by State-owned banks and other financial institutions at preferential terms, provision of preferential export insurance; income tax reductions and exemptions, dividend tax exemption, import and export tax rebates; VAT exemptions and rebates; and government provision of goods (such as raw and input materials as well as components) and services for less than adequate remuneration. ...
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  18.  @LivingLonger  reposting: And according to EU Commission's Notice of Antisubisdy Probe last year: ... In particular, the Commission has found evidence, among others, of various grants, provision of loans, export credits and credit lines provided by State-owned banks or bonds underwritten by State-owned banks and other financial institutions at preferential terms, provision of preferential export insurance; income tax reductions and exemptions, dividend tax exemption, import and export tax rebates; VAT exemptions and rebates; and government provision of goods (such as raw and input materials as well as components) and ...
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  19.  @LivingLonger  The excerpt from the WSJ is a pretty concrete example of LCR which is a violation of China's WTO obligation. No worries, my oomaoo friend, this is all too late. Biden is going to unlease his 100+% import duties next week; the EU is likewise announcing 60+%-70+%. The fact of your ignorance of trade, geopolitics isn't going to stop anything now.
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  20.  @amirrezza-b5v  : China subsidizes EV industry. Surce: Bloomberg
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  21.  @amirrezza-b5v  You are certifiably dumb. Source: Bloomberg.
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  22.  @LivingLonger  You are as dumb as you sound. Tax breaks are subsidies. reposting: The EU Commission in Oct 2023: ... In particular, the Commission has found evidence, among others, of various grants, provision of loans, export credits and credit lines provided by State-owned banks or bonds underwritten by State-owned banks and other financial institutions at preferential terms, provision of preferential export insurance; income tax reductions and exemptions, dividend tax exemption, import and export tax rebates; VAT exemptions and rebates; and government provision of goods (such as raw and input materials as well as components) and services for less than adequate remuneration. ...
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  23. Yes, and there is no limit
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  24. The US imported $520+B worth of goods from China last year.
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  25. >> BYD offers lifetime guarantee of battery, so battery reliability is no longer an issue. << Most BYD batteries have 160,000KM or 8 year warranty.
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  26. Yep, it has hate-crime written all over it. Great Job! deBlazio!
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  27.  @12vtbfx37  >> Tesla uses Chinese batteries How do they copy themselves? << Not quite. Tesla uses Panasonic and LG for Long Range and Performance models. All foreign EV makers have to use domestic batteries by domestic companies in China, which is currently under investigation by the EU -- ie, illegal subsidy.
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  28. Harvard is right -- China cornerd the EV battery supply-chain, but they are still behind tech.
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  29.  @oceanwave4502  this is rather stupid. The Westerners from as early as the Napoleonic age, called China a sleeping giant. Nobody ever dismissed China's potential, but we shouldn't sugarcoat the deplorable communist rulers.
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  30. they are not mutually exclusive.
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  31.  @Atheist-Libertarian  >> LFP battery does not have those. << 95% of LFP comes from China. LFP can't be made profitably outside China where the cost of energy is much lower and, again, low raw material cost.
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  32. And the US liberated China from the Imperial Japan. How ungrateful. LOL
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  33.  @jinzixin798  : >> the smart phones are smaller and more complex. Apple iPhones assembly requires delicate hands of poor, young high schoolers from rural China. The schools there won't even give them certificate of graduation unless they work some certain number of hours assmebling Apple iPhones.
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  34. Most Americans aren't actually interested in EVs, much less Chinese EVs.
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  35.  @johnc1873  : LOL.. nobody wants them.. seriously. you are delusional to believe otherwise.
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  36. CLTC range = 65% of EPA.
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  37. Hungary wants to be China's vassal state in Europe! LOL
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  38. China should then really focus on domestic market.
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  39.  @DontUputThatEvilOnMe  : why this nonsense? The iPhone assembly/packaging accounts for only 5% of iPhones BOM, most high-value, high-tech components are not manufactured in China, but in South Korea, Japan, Taiwan and the US, etc -- that's also why China imports $400+B worth of chips annually. If you triple that China's contribution to Apple's BOM, it's about ~13%, increase, not 1,000%.
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  40.  @DontUputThatEvilOnMe  : Sure, there are low-cost and low-tech labor pools elsewhere. That's why Samsung, the largest smartphone maker in the world, moved to Vietnam years ago.
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  41. And China has nothing to worry if they are really that competitive.
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  42.  @chinggiskhan6678  : LOL China is freaking out b/c they know now they are screwed. China aint' got anything and once the desperate Japanese and Taiwanese engineers leave the country, it's all over.
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  43.  @drscopeify  It's not just their currency. China has been fairly blatant in subsidies violations for quite some time -- ie export subsidies and local content requirement.
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  44.  @catch-2259  Yep. And the construction is delayed by 4 years. Tim Apple is going to recycle this again in 4 years...
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  45. >> Not to mention that Battery chemistry is changing almost daily and increasing both the density and charging speed resulting in longer rang and extremely fast charging. << This comment is painfully ignorant.
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  46. SMIC's 7nm is a DUV based process and highly expensive & inefficient. Intel's 10nm is roughly equivalent to TSMC's and Samsung's 7nm. Samsung also just released 3nm and is in risk production.
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  47.  @eklim2034  : You mean China borrowed a lot of Japanese's DUV parts and engineering expertise to build their first 28nm (SMEE)?
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  48.  @Matthew-rp3jf  : Well, it's cheaper than building your own fab, but not cheap relatively to what everyone else is charging in the custom foundry business.
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  49.  @kushagravlogs5627  : Sure, and China already has 1nm chip making technologies with their own lithograph tech that surpasses ASML's EUV. LOOOOL!
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  50. Nope. Most smartphone makers have small manufacturing operation in India to cover domestic demand (to avoid India's absurd import tariff), which is about 5% of Apple's sales.
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