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#5 | POSTED BY DONNERBOY AT 2024-04-03 01:07 PM
Sales have obviously not "plateaued" in China.
Depends on what you call "plateaued" :
www.youtube.com
www.bloomberg.com - China's Abandoned, Obsolete Electric Cars Are Piling Up in Cities | A subsidy-fueled boom helped build China into an electric-car giant but left weed-infested lots across the nation -------- with unwanted battery-powered vehicles. - BL, August 17, 2023
On the outskirts of the Chinese city of Hangzhou ... a graveyard of sorts: a series of fields where hundreds upon hundreds of electric cars have been abandoned among weeds and garbage.
Similar pools of unwanted battery-powered vehicles have sprouted up in at least half a dozen cities across China,... In Hangzhou, some cars have been left for so long that plants are sprouting from their trunks.
The scenes recall the aftermath of the nation's bike-sharing crash in 2018, when tens of millions of bicycles ended up in rivers, ditches and disused parking lots after the rise and fall of startups backed by big tech such as Ofo and Mobike. ** ...
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** www.theatlantic.com - The Bike-Share Oversupply in China: Huge Piles of Abandoned and Broken Bicycles | March 22, 2018
Last year, bike sharing took off in China, with dozens of bike-share companies quickly flooding city streets with millions of brightly colored rental bicycles. However, the rapid growth vastly outpaced immediate demand and overwhelmed Chinese cities, where infrastructure and regulations were not prepared to handle a sudden flood of millions of shared bicycles. Riders would park bikes anywhere, or just abandon them... Vast piles of impounded, abandoned, and broken bicycles have become a familiar sight in many big cities. ... Bike sharing remains very popular in China, and will likely continue to grow, just probably at a more sustainable rate.
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#4 | Posted by sitzkrieg at 2024-04-03 12:25 PM
Not if Biden/Trump have anything to do with it. Tariffs to prevent the blood bath.
LOL. Two "taboo" words in one pithy sentence! :-)
Of course, the "bloodbath" is just being postponed, kind of like with the frog in a pot boiling slowly.
#9 | Posted by earthmuse at 2024-04-03 03:32 PM
This is protectionism at its finest. And rightfully so, unless you want that many more unemployed roaming America's and Europe's streets.
Yep, that's what "pricing oneself out of the market" really means - happens when the unions and the governments set minimum or "living" wages. And that's just one reason why California has the highest official unemployment rate in the US. Thanks, "populism"!
So... Trump's tariffs and protectionism (and Biden staying silent on the subject and doing nothing to undo them) are officially good now, not "dumb"? No wonder the unions' rank-and-file (whatever is left of them) are for Trump while their leaderships are for Biden.
www.newsweek.com - April 1, 2024
... How that plays out, however, will depend on whether increasingly pro-Trump union members listen to leaders who are loyal to Democrats and President Joe Biden. ... Although Brown and Biden have long been seen as union men, working-class Americans have increasingly been turning to Trump and that has seen the Republican Party soften its stance against organized labor.
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