The headline is the non-pretending reality. Now that Joe Biden has designated EPA mandates for U.S. automobiles that include having at least 50% of all new vehicle sales be electric by 2030 {LINK}, three major Chinese EV manufacturers are reportedly building manufacturing facilities in Mexico.
Blackrock investments steer WH policy {Go Deep}. Blackrock investments are heavy in China and EV production. Blackrock returns on their investments would be substantial with Chinese EV production in Mexico. Quite a coincidence.
BUSINESS INSIDER – Three major Chinese EV companies are planning to build new factories in Mexico, sparking concern among US officials, according to a new report.
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 have reportedly raised concerns with their Mexican counterparts over Chinese investment, with the new sites potentially including a new $1.5 billion to $2 billion MG electric car factory and a factory investment worth hundreds of millions of dollars from Warren Buffett-backed Tesla rival BYD.
China’s electric vehicle market is booming, and local manufacturers are increasingly looking to expand overseas amid cutthroat competition for customers back home.
China also dominates the global electric vehicle battery supply chain, allowing it to produce far cheaper EVs than many of its US rivals.
The US has attempted to protect the US market by unveiling new rules earlier this month to make it more difficult for EVs made with Chinese parts to qualify for tax breaks.
But the possible expansion of Chinese automakers into Mexico, which recently replaced China as the US’ biggest trading partner, will fuel fears that it could serve as a backdoor. (read more)
Blackrock invests in China and EV’s. Biden policy supports China and EV’s.
Blackrock invests in Ukraine. Biden policy supports Ukraine reconstruction.
Biden puts Blackrock Investment Institute Chairman Tom Donilon in charge of U.S-China policy.
It’s almost as if….
Almost as if …. 10% for the Big Guy.
I’d say there is no ‘almost’ about it….Joe gets a cut of every disgusting, vile and illegal money move out there.
He has been corrupt since the beginning of his political ‘career‘.
My very first thought after reading the headline.
I dont believe in this case its just 10% for the big guy. I do believe everyone in congress and the senate, that doesn’t speak out against this mandate are heavily invested in blackrock. Blackrock may be one of the main reasons politicians never leave washington broke.
Hunter is partner in Chinese companies that use Taliban territory to mine rare earth minerals for batteries and circuits for EV
Another weird coincidence
Obama is he big guy
Joe is Pops
I don’t think the 10% will be much. How is China going to build EVs in Mexico, when all the workers are illegally heading for the US.
dc money laundering 101. . . . plus insider trading….and they will all make out like bandits. and you can eat bugs.
And you’ll be happy – so what will they be using to fortify that bug meal and bug syrup solidds?
You are a mind reader!
It seems that I find myself always saying the same phrase, Trump was right!
Just ask the auto workers union.
I tell my anti Trump acquaintances everytime they complain about what is going on…”Elections have consequences…
and STOLEN elections have DIRE consequences…..”
I don’t think they will ever get it.
Many will.
But many will never admit it.
most
This shit makes me furious.
Will his term ever end.
It doesn’t matter. When he is out, all his “allies” will just come at us harder and harder to regain total control. And yes, American, the land of the “free” and home of the brave is no more. We are owned by that big country out east.
That’s the spirit.
/sarc
The Fact that China is moving production to Mexico is the Real Story.
There are not enough laborers in China to build it there. 40 years after the 1 Child Policy,
China is running out of adults.
Ha,… let XI get used to the Mexican “Mordida” biz MO.
No, production in Mexico gets the low tariff under the zero North American Trade agreement. Others have been playing that for years.
I don’t think China hedging their bets, by moving to Mexico, is gonna save em financially. EV’s are all washed up and that’s going to turn into a tsunami. My hope is the Chinese don’t see what’s coming until their investments cause irreparable harm to them monetarily.
God. that is our only hope and answer. Laugh Joe.
If they’re making this investment 11 months before the election, it kind of tells me all I need to know about election integrity 2024!
Could the UAW Bosses be any bigger Democrat stooges?
Predicted by President Trump. The end of our auto industry and the UAW. Trump 2024! America First! ULTRAMAGA!
This happened in 2021! Just after Biden came into office after stealing the 2020 presidential election.
I question if President Trump will have the political will and desire to reverse these EV mandates. While he’s at it, we need to reverse the 1970’s CAFE standards, which have been distorting the US automobile industry for 40 years.
Ever wonder why Americans drive trucks and SUV’s? Ever wonder why you can’t buy a compact pickup anymore? Thank CAFE standards. Arbitrary and ever increasing targets for fuel economy squeezed automobiles and small trucks to the point where manufacturers cannot build the cars Americans demand while still meeting the fuel economy standards for those types of vehicles. Ergo – everything became a light truck or sport utiility vehicle, which fall under less restrictive rules.
Trump (and only Trump) can fix it by rolling back EPA’s rule. Congress did not mandate EVs. Let the states decide. Cali has been doing it for decades.
Another job for President Trump – throttle the California Air Resources Board (CARB). It was grandfathered in because it predated the federal EPA, and California alone has the power to make up its own rules about fuel formulation and automobile emissions. Decisions that distort the market for the entire country, creating supply problems and artificial shortages both inside California and across the nation.
The only reason why California can mandate EV’s is under the auspices of CARB. It needs to be killed.
I’d rather walk.
There will be no market for anything in the U S unless people wake up and get rid of every democrat communist in every office in the country. They are destroying America.
People need to tell their unions to pizz off as well. Yeah, higher pay sounds great. But how does no pay sound?? Duh.
In the late 70’s I worked at a place with Teamsters union. Yup, the place had to shut down. (They were making 20- 25 p/ hour when non union workers made 6-7 p/ hour).
It ain’t just Biden folks. The entire uniparty in DC has sold their souls and the American middle class to the Chicomms.
I’m not a fan of EV’s. I think hydrogen vehicles are the future. Better for the environment, no long charging times, no heavy vehicles that have to drag around massive battery packs, etc. Why is no one talking about it yet? no grift from politicians yet.
It’ll be time after ExxonMobil, Chevron and BP lock up the world’s hydrogen supplies.
Gas powered cars catch fire and burn. EVs catch fire and burn rapidly and can’t be put out. Hydrogen simply explodes. You will not be able to escape. Besides, where are you going to get the energy it takes to manufacture the hydrogen? (High school chemistry class)
ICE’s are the future and will be for the next 50 years or until oil becomes less plentiful. This is all BS and will fail, just like everything else the globalist pimps have tried lately.
Maybe because hydrogen is extremely difficult to store in tanks due to explosions? If they can figure out a method to create the hydrogen and burn it without storing it, we might see progress.
Otherwise there is some progress with this highly efficient engine.
https://www.jpost.com/special-content/this-israeli-company-seeks-to-revolutionize-engines-around-the-world-723456
Don’t think hydrogen storage is that much of an explosive issue, but there is considerable infrastructure required whereas EV gets to ride on the existing AC grid. Producing hydrogen is probably downstream of producing electricity, so inherently less efficient.
The only sensible future is simply gas powered cars. There’s no threat to the planet – that’s complete BS. And the supply will last the next two hundred years.
But of course, these new Mexican plants will be UAW shops. So the UAW will continue sending million-dollar contributions to the Democrat Party.
If the unions get into the Mexican plants they will, as always, screw them up too. However, the Mexican government may well “take care” of the union sleaze unless of course, the unions are kicking back to the Mexican government like they do the US government-scumbags.
Just follow the money. Blackrock is evil. I absolutely loathed them when I was in the business as they’re back dooring wokeness on their clients forcing us to spend money on leftist causes. If a financial planner did to their clients what Larry Fink has done to Blackrock’s, they’d spend decades in jail.
I can’t stop thinking how high our electric bills will be because we will have to charge our EV’s batteries day and night. Our travel will be limited. This is what they really want.
control
We must not COMPLY!
EV sales are in the toilet. No compliance here. Everyday People with common sense can see what a boondoggle EVs are.
People just dont want them.
Also as you said. It is about control, and making it unaffordable to own a car.
https://www.businessinsider.com/dealers-turning-away-evs-velectric-cars-demand-cools-inventory-2023-8?op=1
China’s just poking the Davosians that have taken over our central government. There is nothing globalist about China, and she’s not about to fall for the climate change scam. They’re not above selling BS vehicles if there’s a market for them, but there isn’t really. American car manufacturers are losing their shirts on them. On the other hand, setting up plants in Mexico makes perfect sense. What they end up manufacturing is a different matter.
A Chinese EV made in Mexico will likely show up on the dealer’s lot for $25-30k. Americans love a bargain. The liberals will gobble them up. The big three and their unions brothers will become the little three.
The Davos tentacles are everywhere.
The only thing I can think of, is that fixing old cars is going to be a booming business. Anyone who has the skills and financial ability should be stocking up on parts.
If any of the car manufacturers would put out a gas-powered, stripped down car ala 1970 with no computer chips, TV screens, and endless “safety features” they would sell like hot cakes.
All I want in my vehicle is a big gas powered engine, AC, and a radio and know I am not alone. I keep hoping the American car manufacturers will wake up and start manufacturing cars the consumers want rather than trying to please Big Brother.
Trump right again! Called it in his speech to Ford/auto unions… told them to hold out for EVs regs
They build them for nothing, EV market IS NOT VIABLE it will fail
And those electric cars will be automatically recharged by the road (Florida TV news https://archive.is/8iEUs). Florida Power & Light is busy cutting down citrus groves to install solar panels.
Funny, photos of hundreds of acres of unwanted, brand new electric cars – in China – have been all over alternative media in recent months.
Perhaps FT should have asserted that EV manufacturing is booming in China. They have lots of them to get rid of, since nobody seems to want them there, either.
Just as Evergrand built far too many modern cities which remain uninhabited to this day.
Fake margin for what will likely be revealed as fake investors, using fake currency to create fake debt that nobody can answer to whom it is owed.
Stolen, before it ever got there, by the Crown, and pinned on the US for allegedly not paying.
They (Blackrock et. al) will be left holding the bag. Only, it’s the burning on the front porch type, and pretending the bell wasn’t heard won’t work for much longer…
Chinese EV Graveyards
China is Throwing Away Fields of Electric Cars
Why thousands of nearly new ELECTRIC CARS are being abandoned in CHINA?
The Shocking Truth About Chinas EV Graveyards
https://www.youtube.com/watch?v=bw631F-yOWo
Vehicles are ridiculously expensive now. Imagine the prices of gas vehicles if Joebama gets his way.
What a great plan, limit production, make them scarce, prices skyrocket because Americans don’t want dirty dangerous evs.
How dare this thug dictate what car we drive, what oven we cook in. And then profit off our misery.
I can’t wait till Obiden is gone and forgotten.
All that’s left is for Pfizer to make a vax to make Americans stupid enough to purchase EVs. If this article is true(?) you need to invest like a US Senator or Congressperson until you get the “DUMP” signal. – it worked like a charm with the Corpgov financed Solyndra fiasco.
…or just follow what “the profit” ALGORE does – he’s a genius investor in these “green” projects.
Trump will cancel the mandates. Blackcock will probably terminate him.
Can’t anyone debunk the Global Warming, Climate Change hoax!?
Science that says CO2 is the cause is just stupid. Everything green on Earth depends on CO2.
BlackRock has $9.1T under management. That’s our retirement & pension funds. That’s more 💵💰than the GDP of all nations on earth not the USA or Chy-nah.
If BlackRock loses, we lose & BlackRock wins, we still lose. Great gig for BlackRock, lousy outcome for us.
That said, BlackRock & Chy-nah can shove their EVs up Larry Fink’s wherever.
China’s goal get everyone on the electrical grid then if things go south between our two countries take out the electric grid.
Remember Obama said it would be so much easier to be the leader of China than the U.S…..
“ExxonMobil drilling first lithium well in Arkansas, aims to be a leading supplier for electric vehicles by 2030”
ExxonMobil drilling first lithium well in Arkansas, aims to be a leading supplier for electric vehicles by 2030 | ExxonMobil
“Mongo keep ox!”
Bahahahahahahahaha…mandate this….NEVER!
Don’t forget Solyndra and that SlowJoe was heavily involved. Nothing new here. That failed and so will the lie of EV’s.
My prediction is that after we spend billions of dollars on charging stations, there won’t be any EV’s to charge. Remember also that MN built hundreds of emissions inspections stations, and then paid even more to tear them all down.
Why do people still vote for democrats after all their failures?
Biden’s EV pipe dream!
Newt Gingrich told Maria Bartiromo this AM that this fascist EV scam will not work in the USA,… cuz we are a Free people and “it’s very difficult to Force a free people to do something that they don’t want to do.”
That’s right, so live your best life now as free people,… ignore their Fascist BS and they will Fail! “Meep, Meep!”
China is in the final death throws just like the Soviet Union in the 1980s and the CCP will no longer exist by 2030 because of the pending economic collapse that is coming and the Country will look totally different in 2030! 🤔
Too bad nobody wants their crummy electric vehicles. All this is going to do is drive up the price of gas vehicles, demand will stay the same but supply will be cut in half.
There Is NO U.S. Market.
People aren’t buying them already. Car companies are po’d. Car dealers are po’d. Everyone is sitting on useless expensive inventory.
They will more than likely spontaneously explode before someone buys them all.
If only people would buy more EVs. Instead, they are turning back to fossil fuels now that the true costs and drawbacks are coming out. And, I’d rather see layoffs south of the border at China’s expense.
Currently given our economic/monetary situation, our prehistoric electric grid, our inability to meet various regional electric demands, the inefficiency/cost/maintenance/disposal of green energy (wind and solar) electric production and the cost plus drawbacks of EVs, Mexico and the auto dealers are going to have a considerable number of very futuristic unusual roll around art deco potted plant containers occupying their lots for quite a while.
The report on Chinese EV sales is bogus. People don’t buy them. Dealers do that to keep sales numbers up and then keep the CCCp off of their backs. The cars are purchased by dealers and parked in fields to decay, but they get report good numbers that way. Do a search for ‘Chinese EV graveyard’ and see for yourself.
What about the McDermitt Caldera? Will this be like the US buying oil from Iran and Venezuela when we have plenty of our own?
What could possibly go wrong?
Crap Weasels
[…] The Mummified Meat Puppet Administration’s (MMPA) EPA mandate that all new vehicles be electric by 2030—that’s just six years from now—hasn’t changed. It doesn’t matter that the entire EV scam is falling apart, the MMPA knows what it wants, and what it wants is not American prosperity. As I’ve so often wondered, if the MMPA were actively trying to destroy America and benefit our enemies, what would it be doing differently? […]