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Tiongkok now got 2 financial weapons in it's ascendation to global dominance
- Thread starter k1976
- Start date
China's Stranglehold on EV Supply Chain Will Be Tough to Break
By Phoebe Sedgman, Jinshan Hong and Linda LewSeptember 27, 2023 at 5:00 AM GMT+8
China's dominance of the transition to electric vehicles is the latest source of geopolitical tension with the US and Europe, where policymakers face a costly catchup effort to avoid long-term dependency.
The European Union earlier this month heightened tensions with an investigation into Chinese subsidies for electric cars it says are flooding the market.
The move brought the EU closer in line with the US, which has long had China in its sights.
Industry data and estimates by BloombergNEF show just how difficult building self-sufficiency or, more realistically, becoming just a little less reliant on China, is likely to be.
Asia's largest economy has a deep stranglehold on battery production, leaving global carmakers dependent at one point or another on Chinese partners. The country’s battery makers supply some 80% of cells worldwide, backed by a mining and processing chain that increasingly resides in the country’s hands.
Read More: How World Fell Into a Subsidy Race for Climate Goals
“Is it feasible to completely cut off the Chinese supply chains? Certainly not at the moment,” said Ilaria Mazzocco, a senior fellow at the Center for Strategic and International Studies
https://asia.nikkei.com/Business/Ma...China-Evergrande-says-it-can-t-issue-new-debt
https://asia.nikkei.com/Business/Ma...-China-Oceanwide-declared-bankrupt-in-Bermuda
No more new debt.... So talk talk only... Back to square one.. Liquidity Squeeze coming.
Worsw, declare bankrupt in overseas treasure island, and change company name, big boss continue Heng Ong Huat in tiongkok while overseassawhei savvy investors foot the bill
https://asia.nikkei.com/Business/Ma...-China-Oceanwide-declared-bankrupt-in-Bermuda
No more new debt.... So talk talk only... Back to square one.. Liquidity Squeeze coming.
Worsw, declare bankrupt in overseas treasure island, and change company name, big boss continue Heng Ong Huat in tiongkok while overseas
https://www.straitstimes.com/busine...hird-largest-gold-buyer-from-jan-to-sept-2023
Singapore’s central bank was the third-largest buyer of gold in the world for the first nine months of 2023, after its counterparts in China and Poland, according to the World Gold Council (WGC).
The Monetary Authority of Singapore (MAS) bought four tonnes of gold on regulated gold exchanges in the third quarter of 2023, bringing its total purchases so far in 2023 to 75 tonnes, the council said.
The People’s Bank of China was the largest buyer, having raised its reserves of the yellow metal by 78 tonnes during the third quarter.
Singapore’s central bank was the third-largest buyer of gold in the world for the first nine months of 2023, after its counterparts in China and Poland, according to the World Gold Council (WGC).
The Monetary Authority of Singapore (MAS) bought four tonnes of gold on regulated gold exchanges in the third quarter of 2023, bringing its total purchases so far in 2023 to 75 tonnes, the council said.
The People’s Bank of China was the largest buyer, having raised its reserves of the yellow metal by 78 tonnes during the third quarter.
In Singapore, consumer gold demand fell by 20 per cent to 2.7 tonnes in the third quarter of 2023, compared with 3.3 tonnes in the third quarter of 2022, in the face of escalating gold prices.
Jewellery demand here fell 16 per cent year on year to 1.6 tonnes in the third quarter of 2023, down from 1.9 tonnes in the third quarter of 2022.
Demand for gold bars and coins fell 26 per cent year on year to 1.1 tonnes from 1.4 tonnes during the same period.
Jewellery demand here fell 16 per cent year on year to 1.6 tonnes in the third quarter of 2023, down from 1.9 tonnes in the third quarter of 2022.
Demand for gold bars and coins fell 26 per cent year on year to 1.1 tonnes from 1.4 tonnes during the same period.
https://www.straitstimes.com/busine...ks-including-s-pore-to-build-up-gold-reserves
SINGAPORE - Gold purchases by the Monetary Authority of Singapore (MAS) and other central banks in Asia have stepped up over recent years amid inflationary pressures and geopolitical uncertainty.
China, Thailand and Singapore led the way in bullion buying between 2013 and 2022, noted World Gold Council data collated by City Index. Gold is generally regarded as a good hedge against inflation and a safe haven asset during times of uncertainty.
SINGAPORE - Gold purchases by the Monetary Authority of Singapore (MAS) and other central banks in Asia have stepped up over recent years amid inflationary pressures and geopolitical uncertainty.
China, Thailand and Singapore led the way in bullion buying between 2013 and 2022, noted World Gold Council data collated by City Index. Gold is generally regarded as a good hedge against inflation and a safe haven asset during times of uncertainty.
https://www.google.com/amp/s/www.mo...-vault-what-did-it-discover-11436181.html/amp
We are in good hands.
No worries
We are in good hands.
No worries
Forget
Forget EV.
That is why the west is now desperately trying to sell hydrogen as a better alternative to lithium. More scaremongering of lithium costs and mining issues related to the environment will be in the news to push people to hydrogen.
All this in their effort to kneecap china whose lead in batteries is unassailable.
Solid state batteries will make current batteries obsolete.
Solid state way to go... less flammable, longer range, longer range...
Chinese team extends recharge life of solid-state battery
Lithium-sulfur cell keeps most of its capacity after 1,400 recharge cyclesTOKYO -- Scientists in China have recharged a solid-state lithium-sulfur battery 1,400 times, a breakthrough that brings the technology closer to commercial reality.
The team of researchers from the Chinese Academy of Sciences was able to maintain roughly 70% of the initial capacity after completing all the charging cycles. The findings were published in the U.S. scientific journal ACS Applied Materials & Interfaces.
Lithium-sulfur batteries differ from their conventional lithium-ion cousins in that sulfur is used for the cathodes. This structure is expected to reduce costs and double battery capacity compared with lithium-ion batteries.
But lithium-sulfur batteries have been plagued by short life spans. Recharges that exceed 1,000 cycles are almost unheard of for both the liquid- and solid-state varieties.
The researchers developed the battery by preparing porous carbon nanotubes mixed with sulfur. The resulting matrix improved the movement of electrons and ions through sulfur, which is normally a poor conductor of electricity.
A battery capable of 1,400 charging cycles packs a long life. This discovery is expected to provide a springboard for developing higher-performance solid-state lithium-sulfur batteries.
The west is leader of neither so their push for hydrogen to pin china down.
Hydrogen is not the future unless a cheaper less energy intensive way can be created. Its better to just stick to lng thaN hydrogen.
What about sodium batteries? Can that break the ChiCon stranglehold on batteries?
ev dying liao. in 6.9 years ev buyers will revert to hybrid plug ins. still can plug in for charging at home but long trips will rely on gas. ccp always bet on dying sector.
EVs if done right is the best. Use it than charge at home. Than use it again. And only for metro driving within 200 kms radius. And if got garage to park the car And chatge. If live in places without access to charging like apartments etc...than get a hybrid. The right tool for the right job...the EV was never designed to be dependent on pubic charges etc. N now even some petrol stations have chargers...not many but it is changing. No point but electric car n dependent on outside chargers
like solar panels. whole industry is a scam. contractors sell entire system to clueless home owners offering “free” solar panels. home owners sign up for 6.9-page contract but don’t know contract is actually 69 pages long with hidden addendums and appendices. end up actual contract is $69k with battery backup, ups, converter, transformer, grid connector, sextended warranty, plus a lien on the house as supplier owns part or majority of roof. yeah, in fine print, the panels are “free” but everything else more than make up for the freebies. fraudulent marketing tactics. and almost all panels that are “free” are made in prc. u.s. suppliers only make the “other” system that cost the bulk of the deal: ups, converter, inverter, control system. it’s a failing industry due to fraud with state puc’s and energy companies cutting back on using solar energy to connect to grid for compensation. this also reminds me of the laminate flooring fiasco that befall lumber liquidators, a flooring company that sexclusively source laminates from prc and kena sued for low quality toxic laminates (albeit low cost) until bankrupt.
As long as there is a battery esp one that needs to be charged, there is always a chance of spontaneous combustion
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