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[quote=Anonymous][quote=Anonymous]Once they are allowed to sell BYD cars in the US it will be over. Their tech in this area far surpasses ours and we will end up reliant on China for EVs and renewables [/quote]

So the west analysts always accuse China of over building capacity. For example they can manufacture 40 million EVs when domestic market is for new cars in 20 million. China’s solar manufacturing capacity reached an estimated 1,200 GW per year. They added 381 GW domestically.

The China builds to meet future demand. It’s risky but looks like it will pay off for them this time.

I bet countries will start heavily incentivizing EVs to reduce oil dependence and build out solar. It will take 105-110 GW of solar to replace the 12.8 million tons per year (mtpa) of LNG capacity destroyed in the Israel Iran war. Without China the world add 270 GW of solar in 2025. I could see that number doubling in a year. You just have to place an order with the Chinese.

Europe would need 40-46 GW of new solar to replace the LNG capacity destroyed in the war. In 2025 Europe install 61.5 GW of new solar. Solar plants can be built in under a year. It will take almost two years to rebuild the LGN plants in the Persian Gulf. Europe was building out renewables to be off US LNG and other fossil fuels. Russia Ukraine and the Israel US Iran war has shown them they need to be energy independent asap.

Looks like China will have a good few years of exports.[/quote]

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