Blackrock & China Will Own the US Electric Car Market

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According to a new report, three major Chinese EV companies are planning to build new factories in Mexico, sparking concern among US officials, reports Business Insider.

This comes after Joe Biden’s EPA mandated that 50% of all new vehicle sales must be electric by 2030. MG, BYD, and Chery are all looking at sites to build new factories in the country, according to unnamed sources cited by The Financial Times, and this investment is causing angst in Washington as it seeks to keep China out of the US electric car market.

US officials are very concerned. According to Business Insider, China’s electric vehicle market is booming, and it also dominates the global electric vehicle battery supply chain.

This will kill the US car business, and it calls into question Biden’s loyalties. They sure aren’t with America.

Blackrock invests in China and EVs, not just Ukraine. And who runs US-China policy? It’s Blackrock-tied Tom Donilon, who is also tied to Barack Obama who is really running the country. In June, the Biden State Department announced that Obama’s former National Security Advisor and current Chairman of BlackRock Investment Institute, Tom Donilon, will lead in advising Biden’s China policy.

Is this 10% for the Big Guy? Is China our boss now?


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PvtCharlieSlate
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PvtCharlieSlate
2 months ago

And while they are at it, they can take over the horseshoe and buggy whip market, too.

Bart
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Bart
2 months ago

Hope they have a lot of storage space. They are not going to sell. Plus, people who actually buy those monsters should have to pay triple sales tax on them because they are going to destroy our roads.

Canadian Friend
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Canadian Friend
2 months ago

Related,

By coincidence this morning I read that the battery in an electric Hummer weighs over 2800 pounds

…that is the total weight of my Kia Forte ( actually it weighs 2740)

and that the EV Hummer weighs 9000 pounds which is more than 3 times the weight of my car

an EV Silverado is only a few pounds lighter at around 8600. Its battery is also well over 2000 pounds

Those gigantic batteries are making China richer.

and are doing NOTHING to ” save the planet”

justanotherday
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justanotherday
2 months ago

just wait until it’s time to get rid of that battery because it’s useful life is ended. You will be very happy to see how much THAT will cost you for disposal.

Canadian Friend
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Canadian Friend
2 months ago
Reply to  justanotherday

On the Hyunday Ioniq it costs close to $20,000 ( about 14,000 US dollars) to replace the battery.

As of now in 2023 there is not a well organized system to recycle the toxic and dangerous chemicals in car batteries.

It costs too much to recycle them, very few people get into that business.

Solar panel are just as bad, separating the toxic chemicals from the broken glass is a nightmare…the wind mill propellers are non recycleable are simply buried in the ground

the green movement is not green at all, it is in some ways worse than petrol.

But you probably knew all that already