Saturday, July 28, 2018

The Car Battery Saga

Here are a few reports about the car battery business:

(1) Chinese batteries are said to be crappy:

https://deutsche-wirtschafts-nachrichten.de/2018/07/27/ende-der-blase-ein-grossteil-der-chinesischen-batterie-hersteller-steht-vor-dem-aus/ [translation required]

(2) So Germans are going to build their own:

https://deutsche-wirtschafts-nachrichten.de/2018/07/27/daimler-baut-weitere-batterie-fabriken-deutschland/ [translation required]

(3) But Elon Musk wants to build a lot of his in China:

https://www.teslarati.com/elon-musk-tesla-next-gigafactory-china/

So much for making America great again. Oh wait - he's from South Africa. Maybe he's one of those BRICS free traders.

By the way, I'm not going to buy an electric car. In reality most of them are COAL-FIRED, which means their environmental benefits are a mirage.

You can read more about electric car hype here:

https://sainthoward.blogspot.com/2017/07/hyping-electric-car.html

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