5 ms·
When USA and Japan wake up from their gasoline obsession the world would have moved on and Asia, South America and Africa would be on Chinese Evs. Europe will d
by eeasss 2y ago
When USA and Japan wake up from their gasoline obsession the world would have moved on and Asia, South America and Africa would be on Chinese Evs. Europe will drive EU made cars from Chinese and European brands.
- wil421 2y agoHow much does a scooter cost vs a Chinese EV in Asia?
- slaw 2y agoA scooter is 3k RMB in China.
- llm_trw 2y agoJapan has a hydrogen obsession more than a gasoline one.
- shiroiushi 2y agoYep, they saw long ago that gasoline was on its way out, and decided hydrogen was the fuel of the future. Unfortunately, it seems they bet on the wrong horse, and now are extremely reluctant to admit this and try to change gears and move to EVs.
- Moldoteck 2y agoAnd this obsession relies on their nuclear fleet to generate green h2 cheaper
- BobaFloutist 2y agoIf the problem is cheap generation, you could do a lot worse than solar. My understanding is that storage and transmission is a huge obstacle too.
- pragmomm 2y ago[flagged]
- churchill 2y ago>every one of them will fold within the next 3 years The same way China has been predicted to collapse every year since 1990? No matter how much money you lose, you can grow yourself out of it. Which is why OpenAI can raise $6b at nearly $150b, despite losing $5b annually. So, why do you suggest the CPC will let BYD - their EV golden goose that has thoroughly thrashed Western competitors - to fail?
- dehugger 2y agoParent was fairly explicit that BYD won't be allowed to fail, but the rest don't have the same state-funded assurances.
- evantbyrne 2y agoThe idea that an economy with so much production would fully collapse is kind of far-fetched, but it also seemed like there were some major issues last I looked. Their housing bubble did burst and there have been periodic bank runs. I haven't been following Chinese news for a while now though so I couldn't tell you where things ended up.
- jncfhnb 2y agoNo, not like that. This is a case where China has offered disgusting subsidies to anyone willing to make an EV. And therefore tons of companies have done so with no intention of ever really being a car company