Reply to Trump cancels $700M in battery, manufacturing projects

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[quote=Anonymous][quote=Anonymous]No need for grants.  Just put a high tariff on Chinese imports, forcing them to manufacture in America.  Have a rule that these Chinese companies must be in a partnership with an American company, that is at least 50% American.  Then you steal the technology from the factory in America.[/quote]

The Chinese had agreed to that. They were willing to share technology and build plants in the US. This is the new model China is using through out the world. They are partnering with countries, building plants in those countries and sharing manufacturing processes and technology. Trump has canceled all those in the US.

[quote] Gotion’s Colossal Battery Factory In Michigan Is Dead
The State of Michigan has canceled a giant factory that would have brought cutting-edge battery technology to America.

Chinese battery giant Gotion High-Tech wanted to bring local manufacturing of lithium-ion batteries to Michigan.
The state's economic development corporation initially backed the plant, but has since rescinded its support.
Gotion planned to train American workers to make cutting-edge batteries and promised 2,350 high-paying jobs.
In 2022, the Chinese company Gotion High-Tech began construction of a $2.4 billion battery factory in Northern Michigan, promising 2,350 high-paying jobs and one of the state’s largest economic development projects.

The State of Michigan promised more than $100 million in subsidies to the battery company, of which it had already disbursed over $23 million to help Gotion acquire land near Big Rapids. But the state’s economic development division is now asking for that money back and has canceled the remaining subsidies promised to the company, Crain’s Detroit Business reported Thursday.

Gotion High-Tech is one of the world’s largest battery manufacturers, accounting for 3.6% of the global cell manufacturing capacity between January and August of this year—which nearly equals Panasonic—according to Korean market research firm SNE Research.[/quote]
https://insideevs.com/news/776936/gotion-battery-factory-michigan-dead/

The US will not be competitive in the new electrified economies. Look at one market segment. EV mid and heavy truck segments went from 0% of the market in 2022 to 4% in 2024. Battery prices keep falling, energy density keeps increasing. This is a technological revolution in transportation and electrical generation that is being driven by cost savings. The US is not a player.

China sell 35 million new cars a year(US market is 16 million) and all the big car manufacturers including US make about 50% of their profits in China. That has stopped because they can not compete with Chinese EVs.

China has reached peak oil demand. Remember for every barrel of oil, ton of coal used you lose 65-80% of its energy. This has a hidden cost of 5-8% of GDP. With electricity you use 90-95% of the energy. It’s about efficiency. [/quote]

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