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China’s EV maker BYD has come under fire from competitors for waging a suicidal price war. The EV giant is now being called the “Evergrande of the auto industry” due to its hidden debt problems. A Hong Kong research firm recently revealed that BYD’s net debt may be ten... show more

Lei's Real Talk

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18,273 просмотров • 1 год назад •via X (Twitter)

Наука и технологии Новости и политика Финансы

Anya Rossi• Live Now

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Комментарии: 3

Фото профиля David Toniolo

David Toniolo1 год назад

BYD is deploying the Starbucks model of business. Flood markets at a loss until competitors are out of business. Then shut down excess production and increase prices. 😂

Фото профиля Range ETFs

Range ETFs1 год назад

Nuclear power is no longer the future; it’s the present. Get exposure to cutting-edge nuclear companies poised to lead the charge in safe, efficient, and low-carbon energy production. Consider $NUKZ for your gateway to sustainable energy investments.

Фото профиля Simon Bowden

Simon Bowden1 год назад

This is another example of "involution" - basically competition isn't about innovation, it's about a race to the bottom. End really all companies bar one go bust - hugely wasteful.

Похожие видео

China’s Electric Vehicle Industry Is Imploding | BYD Caught in Massive Fraud Scheme. In this video, I expose the shocking truth behind China’s new energy vehicle (NEV) industry collapse — and how BYD, once hailed as the "China Tesla," is now caught in a web of fake sales, financial manipulation, and systemic fraud. This is even worse than Evergrande. (0:00) The Scam No One Saw Coming (0:57) The “Zero-Kilometer Used Car” Mirage (2:35) BYD’s Price Cuts & Stock Crash (5:08) Industry-Wide Profit Collapse (7:05) Supply Chain Suffocation & Dealer Death Spiral (8:15) BYD’s Export Dreams Are Dying (9:02) Debt Bomb: BYD’s Financial Red Flags (9:36) The Evergrande Blueprint Repeats (10:21) The Real Victims: Consumers & Workers (11:09) A Trust Crisis in “Made in China” (12:00) Final Warning: The EV Crash Has Begun

China’s Electric Vehicle Industry Is Imploding | BYD Caught in Massive Fraud Scheme. In this video, I expose the shocking truth behind China’s new energy vehicle (NEV) industry collapse — and how BYD, once hailed as the "China Tesla," is now caught in a web of fake sales, financial manipulation, and systemic fraud. This is even worse than Evergrande. (0:00) The Scam No One Saw Coming (0:57) The “Zero-Kilometer Used Car” Mirage (2:35) BYD’s Price Cuts & Stock Crash (5:08) Industry-Wide Profit Collapse (7:05) Supply Chain Suffocation & Dealer Death Spiral (8:15) BYD’s Export Dreams Are Dying (9:02) Debt Bomb: BYD’s Financial Red Flags (9:36) The Evergrande Blueprint Repeats (10:21) The Real Victims: Consumers & Workers (11:09) A Trust Crisis in “Made in China” (12:00) Final Warning: The EV Crash Has Begun

Ken Cao-The China Crash Chronicle

248,790 просмотров • 7 месяцев назад

❗️Nobody else is talking about this! ❗️ ⚠️ Is BYD the Next Evergrande? The Shocking Zero-Profit Secret Behind China's EV Giant ⚠️ ⚡️ We break down the financial truth hidden in BYD's books and why one wrong quarter could spell the end for it—or even the entire Chinese EV industry. 👀Turn on the CCP and Watch. 🚨(By the way, I "predicted" Evergrande's financial crisis much earlier than others, way before the debt bubble really exploded. Check out my 2021 report/track record below if you haven't seen it! )

❗️Nobody else is talking about this! ❗️ ⚠️ Is BYD the Next Evergrande? The Shocking Zero-Profit Secret Behind China's EV Giant ⚠️ ⚡️ We break down the financial truth hidden in BYD's books and why one wrong quarter could spell the end for it—or even the entire Chinese EV industry. 👀Turn on the CCP and Watch. 🚨(By the way, I "predicted" Evergrande's financial crisis much earlier than others, way before the debt bubble really exploded. Check out my 2021 report/track record below if you haven't seen it! )

Inconvenient Truths — Jennifer Zeng Reports

172,635 просмотров • 1 год назад

China's EV Industry: The Next Evergrande on Wheels. China’s next economic disaster isn’t real estate. It’s electric vehicles. From “car graveyards” filled with unsold EVs, to subsidies keeping zombie companies alive, China’s auto sector is on the same path as Evergrande. The result? Massive oversupply, collapsing prices, trillions in hidden debt, and a looming financial shock that could rival the real estate crisis. In this video, I break down how Beijing’s EV “miracle” became a Ponzi scheme on four wheels and why the crash will hit jobs, banks, and local governments across China.

China's EV Industry: The Next Evergrande on Wheels. China’s next economic disaster isn’t real estate. It’s electric vehicles. From “car graveyards” filled with unsold EVs, to subsidies keeping zombie companies alive, China’s auto sector is on the same path as Evergrande. The result? Massive oversupply, collapsing prices, trillions in hidden debt, and a looming financial shock that could rival the real estate crisis. In this video, I break down how Beijing’s EV “miracle” became a Ponzi scheme on four wheels and why the crash will hit jobs, banks, and local governments across China.

Ken Cao-The China Crash Chronicle

24,437 просмотров • 3 месяцев назад

China’s EV Bubble Is Breaking - The Industry China Bet Everything On Is Now Failing. China already survived one massive bubble: real estate. Now it’s walking straight into another one, and this time, the consequences could be far worse. In this video, I break down why China’s electric vehicle boom is starting to crack beneath the surface. From overcapacity and brutal price wars to collapsing profit margins and hidden systemic risks, this industry may not be the growth engine everyone thinks it is. This isn’t just about cars. It’s about what happens when a country bets its entire economic future on one sector and that sector starts to fail. If the EV bubble bursts, the impact won’t stay in the auto industry. It will ripple through jobs, infrastructure, and ultimately, confidence in China’s entire economic model.

China’s EV Bubble Is Breaking - The Industry China Bet Everything On Is Now Failing. China already survived one massive bubble: real estate. Now it’s walking straight into another one, and this time, the consequences could be far worse. In this video, I break down why China’s electric vehicle boom is starting to crack beneath the surface. From overcapacity and brutal price wars to collapsing profit margins and hidden systemic risks, this industry may not be the growth engine everyone thinks it is. This isn’t just about cars. It’s about what happens when a country bets its entire economic future on one sector and that sector starts to fail. If the EV bubble bursts, the impact won’t stay in the auto industry. It will ripple through jobs, infrastructure, and ultimately, confidence in China’s entire economic model.

Ken Cao-The China Crash Chronicle

44,954 просмотров • 4 месяцев назад

🇮🇷 The Iran war might be the best thing that ever happened to the EV industry Fuel rationing across East Asia. Gas up a dollar in the U.S. Insurance companies pulling coverage from the Gulf. And BYD showrooms worldwide are seeing a surge in foot traffic while American dealers report spiking EV interest. Three weeks of war just did more for electric vehicle adoption than a decade of climate policy ever could. Source: CSIS

🇮🇷 The Iran war might be the best thing that ever happened to the EV industry Fuel rationing across East Asia. Gas up a dollar in the U.S. Insurance companies pulling coverage from the Gulf. And BYD showrooms worldwide are seeing a surge in foot traffic while American dealers report spiking EV interest. Three weeks of war just did more for electric vehicle adoption than a decade of climate policy ever could. Source: CSIS

Mario Nawfal

36,255 просмотров • 4 месяцев назад

Stellantis closing the Luton factory is devastating for the 1,100 workers. It’ll be convenient to blame this on the ZEV Mandate, but that isn’t the full picture; after all Luton doesn’t currently make an EV and it exports most of its production. It’s down to a combination of headwinds (including Chinese EV competition) the European auto industry has been facing and we musn’t roll back progress being made with EVs although I would support greater flexibility on the annual targets.

Stellantis closing the Luton factory is devastating for the 1,100 workers. It’ll be convenient to blame this on the ZEV Mandate, but that isn’t the full picture; after all Luton doesn’t currently make an EV and it exports most of its production. It’s down to a combination of headwinds (including Chinese EV competition) the European auto industry has been facing and we musn’t roll back progress being made with EVs although I would support greater flexibility on the annual targets.

Dr. Andy Palmer

55,884 просмотров • 1 год назад

China's Auto Industry Is Entering a Death Spiral In this video, I break down why China's auto industry is facing collapsing sales, brutal price wars, shrinking profits, overcapacity, and growing barriers abroad. Despite dominating global EV production, many Chinese automakers are struggling to make money. and one Japanese company, Toyota, earns more profit than most of China's major carmakers combined. Has China successfully climbed the value chain, or has it simply turned a high-tech industry into a low-margin commodity business?

China's Auto Industry Is Entering a Death Spiral In this video, I break down why China's auto industry is facing collapsing sales, brutal price wars, shrinking profits, overcapacity, and growing barriers abroad. Despite dominating global EV production, many Chinese automakers are struggling to make money. and one Japanese company, Toyota, earns more profit than most of China's major carmakers combined. Has China successfully climbed the value chain, or has it simply turned a high-tech industry into a low-margin commodity business?

Ken Cao-The China Crash Chronicle

30,222 просмотров • 1 месяц назад

"The entire Indian EV industry will come to a grinding halt as China has put export controls on Neodymium magnets to India." Rajiv Bajaj has shared his concern in a recent interview. We have been warning about this single point of failure that we've built by spending lakhs of crores. The country has to face the heat now. Cut the damages and mitigate further risk. Better late than never.

"The entire Indian EV industry will come to a grinding halt as China has put export controls on Neodymium magnets to India." Rajiv Bajaj has shared his concern in a recent interview. We have been warning about this single point of failure that we've built by spending lakhs of crores. The country has to face the heat now. Cut the damages and mitigate further risk. Better late than never.

Congress Kerala

237,775 просмотров • 1 год назад

April, 2020. Gavin Newsom gives a no bid, billion dollar contract to a Chinese electric vehicle company to manufacture and deliver face masks to California. When speaking about the deal, Newsom would regularly try to mislead people into thinking the masks were being manufactured in America. "Through a consortia of nonprofits and a manufacturer here in California." In this video, Rachel Maddow accidentally calls him out. The company that Newsom gave the contract to had never made any masks or PPE equipment before. BYD is a Chinese based company and the largest electric vehicle manufacturer in the world. The company is notorious for producing low quality products. Due to its reputation for faulty products, close ties to the CCP and possible ties to forced labor, the first Trump Admin barred BYD from bidding on federal contracts. In 2023 Newsom visited BYD headquarters in China and advocated for their vehicles to be sold America. It's fair to think that Newsom and BYD have something going on behind the scenes. Shamelessly, Newsom recently criticized Trump and Elon for ceding space in the EV market to China, even though he's been the one advocating for China to be able to sell more vehicles in America.

April, 2020. Gavin Newsom gives a no bid, billion dollar contract to a Chinese electric vehicle company to manufacture and deliver face masks to California. When speaking about the deal, Newsom would regularly try to mislead people into thinking the masks were being manufactured in America. "Through a consortia of nonprofits and a manufacturer here in California." In this video, Rachel Maddow accidentally calls him out. The company that Newsom gave the contract to had never made any masks or PPE equipment before. BYD is a Chinese based company and the largest electric vehicle manufacturer in the world. The company is notorious for producing low quality products. Due to its reputation for faulty products, close ties to the CCP and possible ties to forced labor, the first Trump Admin barred BYD from bidding on federal contracts. In 2023 Newsom visited BYD headquarters in China and advocated for their vehicles to be sold America. It's fair to think that Newsom and BYD have something going on behind the scenes. Shamelessly, Newsom recently criticized Trump and Elon for ceding space in the EV market to China, even though he's been the one advocating for China to be able to sell more vehicles in America.

MAZE

157,191 просмотров • 2 месяцев назад

The unthinkable has happened: BYD has overtaken and raced ahead of Tesla. This is true on stock performance, sales volume, global expansion, and market confidence. The once-invincible Tesla is grappling with faltering demand, price cuts that squeeze margins, and an Elon Musk self-inflicted brand crisis. Just take a look at the chart below which shows the year-to-date dollar performance of Tesla versus BYD's ADR. Here's a breakdown: 🔸BYD sold 4.27 million vehicles in 2024, more than double Tesla’s volume. 🔸Tesla’s has had its first-ever annual sales decline 🔸BYD’s vertically integrated manufacturing and diverse lineup (from affordable EVs to luxury sub-brands) let it scale profitably. 🔸BYD’s Blade Battery and ultra-fast charging tech are making EVs more accessible and efficient. 🔸Cybertruck delays and Self-Driving safety probes has hurt Tesla. 🔸Musk's polarising politics and Twitter antics have tarnished Tesla’s image In this high-stakes clash, Tesla is scrambling to regain footing while BYD keeps accelerating ahead. The battle isn’t over, but the “Tesla = EV King” era has end. What Do You Think? Can Tesla bounce back with new models or radical innovation? Or has BYD cemented its place as the new global EV leader? Share your thoughts below. Music: Open Roads by Aiyo, Epidemic Sounds

James Eagle

13,850 просмотров • 1 год назад

The Fiscal Deficit has also come down. In 2020-2021, even with COVID, it was 9.3%. From there, we brought it down to 4.3%, the BE projection for 2026-27. In one stretch from there. We didn't violate the glide path, which was given in this house. We have completely abided by it. And that's why we've reached 4.3%. Global comparison is also important. Since 2008, the world's overall debt burden has increased 41%. China's debt exploded 139%. India has actually reduced its total debt burden by 4% of GDP. The US Debt to GDP stands at 124%. China at 88%. Japan at over 250%. India's combined figure, the Debt to GDP is 83% approximately. It is lower than most major economies and is on a declining path. And that too, after COVID. We have retained a sense of calm and given free vaccine to all the citizens, but still that fiscal deficit of 9.3% has been brought down. The erstwhile UPA couldn't withstand a global financial crisis which had a relatively limited impact on the Indian economy. Smt Nirmala Sitharaman in Lok Sabha (1/2)

The Fiscal Deficit has also come down. In 2020-2021, even with COVID, it was 9.3%. From there, we brought it down to 4.3%, the BE projection for 2026-27. In one stretch from there. We didn't violate the glide path, which was given in this house. We have completely abided by it. And that's why we've reached 4.3%. Global comparison is also important. Since 2008, the world's overall debt burden has increased 41%. China's debt exploded 139%. India has actually reduced its total debt burden by 4% of GDP. The US Debt to GDP stands at 124%. China at 88%. Japan at over 250%. India's combined figure, the Debt to GDP is 83% approximately. It is lower than most major economies and is on a declining path. And that too, after COVID. We have retained a sense of calm and given free vaccine to all the citizens, but still that fiscal deficit of 9.3% has been brought down. The erstwhile UPA couldn't withstand a global financial crisis which had a relatively limited impact on the Indian economy. Smt Nirmala Sitharaman in Lok Sabha (1/2)

Nirmala Sitharaman Office

41,616 просмотров • 4 месяцев назад

#WATCH | Mumbai, Maharashtra: On US President Trump's announcement on the ceasefire, Former Minister of State for External Affairs, MJ Akbar says, "In the simplest terms, the war has ended with Iran possessing what I call advantage plus. The war began with President Trump and Prime Minister Benjamin Netanyahu asking for regime change. There has been no regime change. Then they shifted their objectives basically to the Hormuz Strait and to the clear passage of oil, energy, and fuel through this passage... Iran's advantage is that its oil, which had previously been sanctioned, is now freely available to the international market. That is a huge plus... The biggest loser so far in this war, apart from American prestige, is the American defence industry because its weapons have now proven to be vastly overpriced and vastly underperforming, and the principal beneficiaries of that are going to be Russia. The Chinese, because of their technology, are going to be very much into the arms market. If India can get its act together, if the Indian defence industry can get the arms industry together, India could very well be the third beneficiary of the new and emerging market. I think America has lost far more than just a battle in which it never had defined objectives..."

#WATCH | Mumbai, Maharashtra: On US President Trump's announcement on the ceasefire, Former Minister of State for External Affairs, MJ Akbar says, "In the simplest terms, the war has ended with Iran possessing what I call advantage plus. The war began with President Trump and Prime Minister Benjamin Netanyahu asking for regime change. There has been no regime change. Then they shifted their objectives basically to the Hormuz Strait and to the clear passage of oil, energy, and fuel through this passage... Iran's advantage is that its oil, which had previously been sanctioned, is now freely available to the international market. That is a huge plus... The biggest loser so far in this war, apart from American prestige, is the American defence industry because its weapons have now proven to be vastly overpriced and vastly underperforming, and the principal beneficiaries of that are going to be Russia. The Chinese, because of their technology, are going to be very much into the arms market. If India can get its act together, if the Indian defence industry can get the arms industry together, India could very well be the third beneficiary of the new and emerging market. I think America has lost far more than just a battle in which it never had defined objectives..."

ANI

46,253 просмотров • 4 месяцев назад

🇷🇺🇺🇦 Putin may be approaching the one decision that could destroy him: drafting the sons of ordinary Russians. For more than three years, he's managed to wage a brutal war without forcing most Russians to personally bear its cost. Instead of mass mobilisation, he built a system around money. Huge signing bonuses, salaries several times higher than the average wage, and massive compensation payments to families if a soldier is killed. It allowed the Kremlin to recruit volunteers while keeping life in Moscow and other major cities relatively normal. But Jamison Firestone argues that model is beginning to break down. According to his analysis, Russia has burned through much of its wartime financial cushion. Its National Wealth Fund has shrunk dramatically, the government has piled huge liabilities into the banking system by forcing lenders to finance defence companies, and the flow of volunteers is no longer keeping pace with battlefield losses. If that's true, Putin faces a problem money alone can't solve: Manpower. Jamison believes Russia may soon have little choice but to launch a major mobilisation, and that's where the real political danger begins. Putin's unwritten deal with the Russian people has always been simple: Accept fewer political freedoms and in return, I'll give you stability, security and a comfortable life. A mass draft changes that equation overnight. The war stops being something happening somewhere else; it arrives on people's doorsteps. Jamison isn't predicting a popular revolution, but he thinks the greater danger could come from inside the system itself. If the mobilisation produces hundreds of thousands of new troops, casualties continue to mount, the economy remains under pressure, and Russia still fails to secure a decisive victory... The security establishment surrounding Putin may eventually conclude that the war has become more dangerous than replacing the man leading it.

🇷🇺🇺🇦 Putin may be approaching the one decision that could destroy him: drafting the sons of ordinary Russians. For more than three years, he's managed to wage a brutal war without forcing most Russians to personally bear its cost. Instead of mass mobilisation, he built a system around money. Huge signing bonuses, salaries several times higher than the average wage, and massive compensation payments to families if a soldier is killed. It allowed the Kremlin to recruit volunteers while keeping life in Moscow and other major cities relatively normal. But Jamison Firestone argues that model is beginning to break down. According to his analysis, Russia has burned through much of its wartime financial cushion. Its National Wealth Fund has shrunk dramatically, the government has piled huge liabilities into the banking system by forcing lenders to finance defence companies, and the flow of volunteers is no longer keeping pace with battlefield losses. If that's true, Putin faces a problem money alone can't solve: Manpower. Jamison believes Russia may soon have little choice but to launch a major mobilisation, and that's where the real political danger begins. Putin's unwritten deal with the Russian people has always been simple: Accept fewer political freedoms and in return, I'll give you stability, security and a comfortable life. A mass draft changes that equation overnight. The war stops being something happening somewhere else; it arrives on people's doorsteps. Jamison isn't predicting a popular revolution, but he thinks the greater danger could come from inside the system itself. If the mobilisation produces hundreds of thousands of new troops, casualties continue to mount, the economy remains under pressure, and Russia still fails to secure a decisive victory... The security establishment surrounding Putin may eventually conclude that the war has become more dangerous than replacing the man leading it.

Mario Nawfal

277,139 просмотров • 8 дней назад

Used EV demand has been quietly surging. The $4,000 federal credit is unlocking a new buyer class— And more dealers are jumping in. Dr. Alex Lawrence, CEO of EV Auto, breaks down how the policy shift is reshaping competition on the ground. "We've set a record in sales pretty much every month for the last six years, including last month again. So we've grown dramatically, and are excited about continuing to double down." "I don't believe in government mandates and stuff like that, which is kind of unpopular in some EV circles. But the EV used tax credit as unbiasedly as I can say it." "And so the competition for them increased dramatically, which I'm great with, but it leveled out the playing field, and that anybody can sell 'em." - Thank you to our partner TransUnion! Check them out by visiting

Used EV demand has been quietly surging. The $4,000 federal credit is unlocking a new buyer class— And more dealers are jumping in. Dr. Alex Lawrence, CEO of EV Auto, breaks down how the policy shift is reshaping competition on the ground. "We've set a record in sales pretty much every month for the last six years, including last month again. So we've grown dramatically, and are excited about continuing to double down." "I don't believe in government mandates and stuff like that, which is kind of unpopular in some EV circles. But the EV used tax credit as unbiasedly as I can say it." "And so the competition for them increased dramatically, which I'm great with, but it leveled out the playing field, and that anybody can sell 'em." - Thank you to our partner TransUnion! Check them out by visiting

Car Dealership Guy

28,198 просмотров • 1 год назад

NEWS: BYD has launched its next-generation battery energy storage system. It has a unit capacity of 14.5 MWh, the highest globally to date. The energy storage system achieves an ultra-large capacity of 10 MWh within a space equivalent to a 20-foot container, BYD said. For a 1 GWh storage plant, it will cut the number of required units by more than half, reduce land use by one-third, and trim cell count by 76%, according to the manufacturer. It uses BYD’s self-developed 2,710 Ah Blade Battery cell, which the company claims is the largest energy storage cell in the world. "This next-generation cell delivers three times the capacity of conventional storage batteries, boasts a cycle life of over 10,000 cycles, and reduces the total lifecycle cost per kilowatt-hour to below $0.014 – a milestone that could reshape the economics of large-scale storage." BYD says it can cut project-level levelized costs (LCOS) by 21.7%. For a typical 1 GWh installation, total costs related to equipment procurement, transportation, and installation are expected to drop by around 30%. In addition, BYD has launched its new GC Flux grid-forming inverter solution, which covers the 2.5–10 MW capacity range. According to BYD, the inverter boasts a performance level approximately 38% higher than common industry standards and a maximum power density of 1,474 kW/㎡, which is around 130% above typical values in today’s market. The system provides an overload capacity of up to 3x for 10 seconds and reaches a peak efficiency of 99.35%.

NEWS: BYD has launched its next-generation battery energy storage system. It has a unit capacity of 14.5 MWh, the highest globally to date. The energy storage system achieves an ultra-large capacity of 10 MWh within a space equivalent to a 20-foot container, BYD said. For a 1 GWh storage plant, it will cut the number of required units by more than half, reduce land use by one-third, and trim cell count by 76%, according to the manufacturer. It uses BYD’s self-developed 2,710 Ah Blade Battery cell, which the company claims is the largest energy storage cell in the world. "This next-generation cell delivers three times the capacity of conventional storage batteries, boasts a cycle life of over 10,000 cycles, and reduces the total lifecycle cost per kilowatt-hour to below $0.014 – a milestone that could reshape the economics of large-scale storage." BYD says it can cut project-level levelized costs (LCOS) by 21.7%. For a typical 1 GWh installation, total costs related to equipment procurement, transportation, and installation are expected to drop by around 30%. In addition, BYD has launched its new GC Flux grid-forming inverter solution, which covers the 2.5–10 MW capacity range. According to BYD, the inverter boasts a performance level approximately 38% higher than common industry standards and a maximum power density of 1,474 kW/㎡, which is around 130% above typical values in today’s market. The system provides an overload capacity of up to 3x for 10 seconds and reaches a peak efficiency of 99.35%.

Sawyer Merritt

384,738 просмотров • 10 месяцев назад

#Ethiopia is the first country in the world to ban imports of non-Electric Vehicles (EV), since January 2024. It’s now building an advanced EV charging infrastructure. The country has one of the world’s cheapest electricity costs per kWh. Almost 100% of Ethiopia’s energy is clean, green and renewable all sourced locally from hydro, solar, wind, etc. Yesterday I visited a sleek new ultra fast charging station (video) capable of fully charging EVs within 15 minutes. It was installed by Ethiotelecom (the country’s largest telco), on the side of a newly rebuilt very modern ten-lane highway, in the capital city Addis Abeba. The entire charging process is efficient and hi-tech with payment via a mobile phone app. A large number of new EVs can now be seen on Addis’s streets. The vast majority are Chinese such as BYD. There are also European and Japanese brands such as VW and Toyota but made in China. Have seen several Teslas including a Cybertruk. An emerging market African economy showing the world the innovative future of EV transportation. Very impressive! As the saying goes: Necessity is the mother of invention and innovation. In the case of Ethiopia, the innovative EV strategy was necessitated partly due to the fact that the country is a net oil importer to the tune of up to $6.0 billion annually and, in some years until recently, exceeding the country’s entire annual merchandise export FX earnings.

#Ethiopia is the first country in the world to ban imports of non-Electric Vehicles (EV), since January 2024. It’s now building an advanced EV charging infrastructure. The country has one of the world’s cheapest electricity costs per kWh. Almost 100% of Ethiopia’s energy is clean, green and renewable all sourced locally from hydro, solar, wind, etc. Yesterday I visited a sleek new ultra fast charging station (video) capable of fully charging EVs within 15 minutes. It was installed by Ethiotelecom (the country’s largest telco), on the side of a newly rebuilt very modern ten-lane highway, in the capital city Addis Abeba. The entire charging process is efficient and hi-tech with payment via a mobile phone app. A large number of new EVs can now be seen on Addis’s streets. The vast majority are Chinese such as BYD. There are also European and Japanese brands such as VW and Toyota but made in China. Have seen several Teslas including a Cybertruk. An emerging market African economy showing the world the innovative future of EV transportation. Very impressive! As the saying goes: Necessity is the mother of invention and innovation. In the case of Ethiopia, the innovative EV strategy was necessitated partly due to the fact that the country is a net oil importer to the tune of up to $6.0 billion annually and, in some years until recently, exceeding the country’s entire annual merchandise export FX earnings.

Zemedeneh Negatu

38,744 просмотров • 1 год назад

🇺🇸 INTERVIEW: “AMERICA IS FUNDING ITS DEBT BY EXPROPRIATING THE WORLD’S WEALTH” Luke Gromen, Macroeconomic Strategist “Over the last five to ten years, the only way the U.S. and the West can afford to sustain their debt levels is by keeping real interest rates negative. That means the rate of inflation and nominal growth have to stay higher than the interest rate on government bonds. If you’re a creditor holding U.S. debt, that effectively means your country’s wealth is being slowly expropriated through inflation. For nations like China and Russia, that’s unacceptable. Their answer has been to buy gold to protect purchasing power and hedge against the weaponization of the dollar.”

🇺🇸 INTERVIEW: “AMERICA IS FUNDING ITS DEBT BY EXPROPRIATING THE WORLD’S WEALTH” Luke Gromen, Macroeconomic Strategist “Over the last five to ten years, the only way the U.S. and the West can afford to sustain their debt levels is by keeping real interest rates negative. That means the rate of inflation and nominal growth have to stay higher than the interest rate on government bonds. If you’re a creditor holding U.S. debt, that effectively means your country’s wealth is being slowly expropriated through inflation. For nations like China and Russia, that’s unacceptable. Their answer has been to buy gold to protect purchasing power and hedge against the weaponization of the dollar.”

Mario Nawfal

70,256 просмотров • 9 месяцев назад

China is a prisoner of geography. Its energy pragmatism is in direct response to choke points like the Strait of Hormuz, the Strait of Malacca and the first Island chain through which it’s vital liquid hydrocarbon imports, 12 million barrels of oil per day, must traverse. It is extremely vulnerable to blockade and has organized its energy policies: its massive coal fleet, impressive solar build out, EV dominance and coal to chemicals industry accordingly. For the full interview check out my interview with Nate Hagens on the Great Simplification. Link in replies.

China is a prisoner of geography. Its energy pragmatism is in direct response to choke points like the Strait of Hormuz, the Strait of Malacca and the first Island chain through which it’s vital liquid hydrocarbon imports, 12 million barrels of oil per day, must traverse. It is extremely vulnerable to blockade and has organized its energy policies: its massive coal fleet, impressive solar build out, EV dominance and coal to chemicals industry accordingly. For the full interview check out my interview with Nate Hagens on the Great Simplification. Link in replies.

chris keefer

23,910 просмотров • 4 месяцев назад

"CHINA'S NAVY IS EXPANDING AT BREAKNECK SPEED" The U.S. Navy is still considered the most powerful in the world when it comes to firepower and tonnage, but the number of Navy ships has fallen behind China’s. The United States has 296 ships in its fleet, while China’s is on pace to surpass 400 ships this year. Despite the U.S. Navy’s goal of increasing the size of its fleet, in recent years the number of ships has been shrinking....... China’s largest state-owned shipyard, the China State Shipbuilding Corporation, built more commercial vessels by tonnage in 2024 than the entire US shipbuilding industry had since World War II. This reflects the declining shipbuilding capability of the US, which currently has only four active public shipyards compared to China’s 35 sites. The U.S. is increasingly relying on its key Asian allies, South Korea and Japan, to help revitalize its struggling shipbuilding and repair capabilities, leveraging their advanced maritime industries to counter China's dominance. The problem for the US is that they have woken up very late and time is running out......... Video for illustration:

"CHINA'S NAVY IS EXPANDING AT BREAKNECK SPEED" The U.S. Navy is still considered the most powerful in the world when it comes to firepower and tonnage, but the number of Navy ships has fallen behind China’s. The United States has 296 ships in its fleet, while China’s is on pace to surpass 400 ships this year. Despite the U.S. Navy’s goal of increasing the size of its fleet, in recent years the number of ships has been shrinking....... China’s largest state-owned shipyard, the China State Shipbuilding Corporation, built more commercial vessels by tonnage in 2024 than the entire US shipbuilding industry had since World War II. This reflects the declining shipbuilding capability of the US, which currently has only four active public shipyards compared to China’s 35 sites. The U.S. is increasingly relying on its key Asian allies, South Korea and Japan, to help revitalize its struggling shipbuilding and repair capabilities, leveraging their advanced maritime industries to counter China's dominance. The problem for the US is that they have woken up very late and time is running out......... Video for illustration:

WORLD AT WAR

81,017 просмотров • 7 месяцев назад

#WATCH | Morbi, Gujarat: President of Morbi Ceramic Manufacturers Association, Manoj Arvadiya says, "Talking about the current war between Iran, Israel, and the United States, and the subsequent wars in all the GCC countries. Most of the gas and petroleum products come from the GCC countries. The entire gas supply for the Morbi ceramic industry, which relies on gas, comes from the GCC countries. Currently, all vessels passing through are being stopped at an area controlled by Iran. A complete barricade has been erected there. The area has been completely blocked. Because of this, vessels carrying petroleum products and gas are unable to reach the region. Therefore, there is a gas shortage here. If the gas supply is not adequate, we anticipate that the entire Morbi Ceramic Industry will have to be shut down." (03.03)

#WATCH | Morbi, Gujarat: President of Morbi Ceramic Manufacturers Association, Manoj Arvadiya says, "Talking about the current war between Iran, Israel, and the United States, and the subsequent wars in all the GCC countries. Most of the gas and petroleum products come from the GCC countries. The entire gas supply for the Morbi ceramic industry, which relies on gas, comes from the GCC countries. Currently, all vessels passing through are being stopped at an area controlled by Iran. A complete barricade has been erected there. The area has been completely blocked. Because of this, vessels carrying petroleum products and gas are unable to reach the region. Therefore, there is a gas shortage here. If the gas supply is not adequate, we anticipate that the entire Morbi Ceramic Industry will have to be shut down." (03.03)

ANI

15,078 просмотров • 5 месяцев назад