New Energy Vehicles (NEVs) in China
- Thread starter supercat
- Start date
Textiles have not been China's top export for a while. In 2019, were:
1. Electrical machinery, equipment: US$671 billion (26.9% of total exports)
2. Machinery including computers: $417 billion (16.7%)
3. Furniture, bedding, lighting, signs, prefab buildings: $99.5 billion (4%)
4. Plastics, plastic articles: $84.4 billion (3.4%)
5. Vehicles: $74.4 billion (3%)
6. Optical, technical, medical apparatus: $73 billion (2.9%)
7. Knit or crochet clothing, accessories: $71.4 billion (2.9%)
8. Articles of iron or steel: $69.6 billion (2.8%)
9. Clothing, accessories (not knit or crochet): $66.8 billion (2.7%)
10. Toys, games: $62.8 billion (2.5%)
Textiles are barely in the top 10 these days: #7 and #9 together add up to less than 6% of China's total exports. Machinery, including computers, are now over 40% (#1 plus #2).
Maybe textiles are Xinjiang's top export.
I think the unofficial boycotting of H&M, Nike, et cetera by Chinese citizens will be good enough.
supercat
Major
I don't think Toyota made the wrong bet. The future of NEV will be heavy trucks, buses, and even locomotives powered by hydrogen fuel cell, while light vehicles powered by battery. Battery cannot provide enough range for heavy vehicles. Both are needed for the future.
I wouldn't say wrong bet. Just wrong investment scale. They invested too much on hydrogen and too little on electric vehicles.
I am sure that the hydrogen R&D will get them results, however I feel that at the moment they are missing the big bucks train of electric vehicles (batteries)
Toyota did make the wrong bet.
They are lagging behind on electric batteries whilst they are ahead on hydrogen which is not yet viable.
I find it ironic considering their development of hybrid car batteries and their early lead in the RAV4 EV.