Porsche-Rimac-Bugatti, "The Dusk of the Automobile Era" |
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Porsche-Rimac-Bugatti, "The Dusk of the Automobile Era" |
JeffBowlsby |
Nov 29 2021, 12:17 PM
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#1
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914 Wiring Harnesses Group: Members Posts: 8,522 Joined: 7-January 03 From: San Ramon CA Member No.: 104 Region Association: None |
What to make of this?
https://www.cnn.com/2021/11/29/cars/mate-ri...kers/index.html "Two major automakers, Hyundai and Porsche, became big investors in Rimac Automobili. Neither would discuss their work with Rimac with CNN Business. Porsche, though, was instrumental in bringing together RImac and Porsche's sister brand Bugatti. Porsche now owns 45% of Bugatti-Rimac." |
Van B |
Nov 29 2021, 01:37 PM
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#2
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Senior Member Group: Members Posts: 1,609 Joined: 20-October 21 From: Maryland Member No.: 26,011 Region Association: None |
It's important to remind everyone, even as this may come across as political, that the #1 and #3 Lithium mining companies are wholly owned by China. The #5 presents itself as Australian but is 49% Chinese owned. Those big three alone account for a $70B market cap in the mining industry. For perspective, that is more than the remainder market cap of the top 20 lithium mining companies.
What's more, the Objections to the Paris Climate accords that were so highly politicized are due to the fact that China, yet again, was allowed "developing nation" status. That in effect exempts them from any environmental requirements contained within the accords. Why does that matter? Well, it allows them (Communist Party of China) to out-compete with any developed nation and continue to steal away market share due to lower costs of production thanks to their freedom to pollute at their leisure. Make no mistake, there is no such thing as private industry in China, EVERYTHING is an extension of the CPC. This push for electrification, will hand over control of a global market to a country that is actively engaged in all kinds of unsavory things. |
mate914 |
Nov 30 2021, 08:36 AM
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#3
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Matt Group: Members Posts: 751 Joined: 27-February 09 From: Eagles mere, PA Member No.: 10,102 Region Association: North East States |
I'm surprised that they did not take your words down... Truth now a days is called political and their for it can be controlled.
Matt (IMG:style_emoticons/default/flag.gif) It's important to remind everyone, even as this may come across as political, that the #1 and #3 Lithium mining companies are wholly owned by China. The #5 presents itself as Australian but is 49% Chinese owned. Those big three alone account for a $70B market cap in the mining industry. For perspective, that is more than the remainder market cap of the top 20 lithium mining companies. What's more, the Objections to the Paris Climate accords that were so highly politicized are due to the fact that China, yet again, was allowed "developing nation" status. That in effect exempts them from any environmental requirements contained within the accords. Why does that matter? Well, it allows them (Communist Party of China) to out-compete with any developed nation and continue to steal away market share due to lower costs of production thanks to their freedom to pollute at their leisure. Make no mistake, there is no such thing as private industry in China, EVERYTHING is an extension of the CPC. This push for electrification, will hand over control of a global market to a country that is actively engaged in all kinds of unsavory things. |
VaccaRabite |
Nov 30 2021, 09:40 AM
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#4
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En Garde! Group: Admin Posts: 13,450 Joined: 15-December 03 From: Dallastown, PA Member No.: 1,435 Region Association: MidAtlantic Region |
I'm surprised that they did not take your words down... Truth now a days is called political and their for it can be controlled. Matt (IMG:style_emoticons/default/flag.gif) The post was borderline. I let it walk. Are you going to go and push us over the edge? Lets not and say we did, ok? Zach |
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