Miscellaneous News

azn_cyniq

Junior Member
Registered Member
This is nothing like the Stellantis Leapmotor JV. Leapmotor was a private company suffering from financial difficulties and needed cash infusion, while SAIC is a State Owned Enterprise which wasn't facing financial difficulties. Also Stellantis acquired 20% of Leapmotor, which means Stellantis has an interest to see Leapmotor succeed, while the SAIC and JSW (forced deal) is just India trying to steal Chinese EV IP and supply chains.

Shanghai compradors is literally using Chinese taxpayers to subsidize Indian EV supply chains.

Inb4 someone cries that China forced JV ownership too, so what's the big deal. China only set a maximum 50% foreign share ownership on auto JV from 1994, which was raised to 70% in 2018 and 100% in 2022. I don't think China ever forced foreigner auto manufacturers to give up control of their JV, especially not after the JV was already formed. Hence the Chinese anger towards this Indian pig butchering scam.

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I wonder what SAIC gains from this. The Indian rupee is virtually useless to China. If they cannot take those rupees out of India or convert them to a more useful currency, then Chinese taxpayers are basically subsidizing India's nascent EV industry, like you said.
 

Chevalier

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If western commentators want to take autism to that level, we can look at the senile Biden and equate him to the leper king of Jerusalem or the Fisher King of Arthurian legend which means that according to Anglo culture, symbolises the corrupt and decadent and sinful nature of the Anglo ruling class. They have lost the right to rule and have lost god‘s will, Deus Lo Veult! God Wills It!! Trump got Covid as well which doesn’t make the other Chosen One any better.
 

Deino

Lieutenant General
Staff member
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Ok guys ... we have only VERY FEW VERY CLEAR AND STRICT RULES: No politics, NO Ukrainian-and especially NATO-Russia war talk in other threads, NO posting of dead bodies and even more so NO applauding of violence or such action or cruel imagery in any thread!

Therefore I issued several immediate permanent bans and all who think they can try to divert such discussions into other threads without consequences should reconsider why they are here, what is allowed to be discussed and in which way and even more if both sides fit or do not fit together! If not you should better look for another forum!
 

luminary

Senior Member
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Death to Western luxury goods. Long live Chinese luxury goods.

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A near 20% collapse at Gucci blamed on reluctant Chinese consumers. Shares in LVMH, Richemont and Dior also down.
Western luxury goods are literal memes.
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Over 80% of trainee doctors have resigned in South Korea over protest of low pay and overwork. Rather than negotiate, the government has issued an ultimatum: return to work immediately. Quiting the job will lead to legal action.
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coolgod

Major
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I wonder what SAIC gains from this. The Indian rupee is virtually useless to China. If they cannot take those rupees out of India or convert them to a more useful currency, then Chinese taxpayers are basically subsidizing India's nascent EV industry, like you said.

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SAIC wanted to capture more market share with minimal investment, just like the countless failed western auto companies in India previously. Rupees is clearly not useful to SAIC unless they want to localize the supply chain in a hostile country, hence the name compradors.
JSW said it aimed to bring down the cost of MG’s EVs by supplying its own steel, in addition to batteries, and carrying out more research and development in India. Jindal said the venture depended on MG for technology and that it wanted to, by 2030, “totally indigenise, even the R&D”.

Time will tell in a few years what will happen to SAIC and this joint venture.
Chinese companies, including carmakers, have been held back from expanding in India or been pushed into partnerships with local JV partners by Narendra Modi’s government since 2020, when clashes with Chinese troops at the border killed 24. That year New Delhi introduced a new requirement for investors from countries with which India shares a land border, including China, to seek government permission before investing.

Anyways this is the wrong thread for this news, I won't discuss this news further lest more people think my arguments are just "emotional".
 
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