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Electric Home Builts? China Is About to Bury Elon Musk in Batteries

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rbrochey

Well-Known Member
Joined
Oct 17, 2010
Messages
1,569
Location
Gallup, New Mexico USA
Read this article this morning on Bloomberg... hope our industries are paying attention. I think the push for the aircraft industry is right behind and coming soon.


http://www.msn.com/en-us/money/companies/china-is-about-to-bury-elon-musk-in-batteries/ar-BBDnUvx?li=BBmkt5R&ocid=spartanntp

From the article:

~
"Earlier this year, the Chinese government announced plans to consolidate battery manufacturers to help the industry mature. The initiative goes hand in hand with China’s plans to flood highways with five million electric vehicles by 2020.
China’s ambition to become the global leader in clean cars stems in part from pressure to clear pollution from smog-choked streets in Baoding, Xingtai, Shijiazhuang, and other cities. There’s a second reason: creating a domestic market for Chinese battery manufacturers, said Logan Goldie-Scot, a Bloomberg New Energy Finance analyst."

China is going to leave us in the dust if we keep focusing on fracking and pipelines... IMHO




 
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