Comments by "tooltalk" (@tooltalk) on "Mercedes, BMW Stand to Lose Most in China EV Battle" video.

@superfluous5162 >> china literally control all essential metal or rare earth processing and supply chain . << That was about 14 years ago when China had 95+% of the rare earth metal supply-chain and weaponized it against Japan to settle a political dispute in 2010. It's down to about 65% as the world diversified away as China risk became clear after that incident.
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>> so china is giving eu and usa the taste of its own medicine, while we cry wolf by calling it unfair! << It's actually the other way around. China became in the EV supply-chain by illegaly subsidizing and cripple foreign competition by banning their business. The US and the EU are now returning the favor.
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>> The real issue is Chinese EVs are now far ahead ... << It's really the battery supply-chain bottleneck, not so much EVs themselves.
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@superfluous5162 >> Nothing wrong , common capitalism competition << China doesn't believe in competition or capitalism. China achieved their market dominance by subsidizing their domestic industries and making sure that no foreign battery competitor gain access to their NEV market since 2015 -- the EU is now playing the same game to build out their own supply-chain to counter this, without China's market distortion.
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@superfluous5162 >> Just don’t buy Chinese EV then they will be forced out of EU. << China doesn't believe in anything fair.
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@superfluous5162 : >> EV market pie is all about supply chain control . << EV is all about batteries and raw materials; and there are only few parts of the supply-chain that China dominates -- eg, refining and anodes production. Otherwise, China is just as dependent on others for raw materials and technologies. It's difficult for China to weaponize their position and abuse the market. Furthermore, the US has already taken action in response to China's attempt to monopolize the battery market, it's known as the IRA enacted last year. The EU's response is the on-going investigation of China's illegal subsidy/antidumping.
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@Jason-io9zg : re: REM, Japan's past problem that they relied on a single source for almost all of their REM needs; this is no longer the case.
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>> It all begin with von der Leyen secretly received instruction from US to initiate this move. << LOL sure wumao. The EU filed a WTO complaint against China's highly discriminatory, anti-competitive NEV practices in 2018.
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@KevinBakin365 : not all subsidies are bad or illegal, but China's subsidies on the other hand..
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