Biden’s announcement was nicely timed to benefit China:
16 April: BigNewsNetwork: Global luxury carmakers bet on China’s NEV market
by Xinhua
Global luxury carmakers attending the third China International Consumer Products Expo have set their sights on the world’s largest new energy vehicle (NEV) market.
Volkswagen brought its luxury brands, including Porsche, Bentley, and Lamborghini, to the expo held in Haikou, the capital of south China’s Hainan Province, from Monday to Saturday.
Porsche showed its purely electric car model Taycan 4S, and Bentley exhibited a plug-in hybrid. Meanwhile, Britain’s Lotus showcased a fully electric SUV.
China’s NEV market has seen booming development over the past few years, luring more carmakers to vie for a piece of the market...
Young customers particularly love the all-electric models, said Sheng Tantzscher, vice president and chief financial officer of Porsche China...
Hainan has announced a plan to phase out the sales of traditional oil-fueled vehicles throughout the province by 2030.
https://www.bignewsnetwork.com/news/273747947/global-luxury-carmakers-bet-on-chinas-nev-market
14 April: Global Times China: Tesla sets up new-energy unit in Shanghai amid rapid expansion in Chinese market
The move comes just days after Tesla and its CEO Elon Musk announced on Sunday that the firm would build a new factory in Shanghai to make large-scale batteries.
“Our next Megafactory will be in Shanghai, [China] - capable of producing [10,000] Megapacks per year,” Tesla said in a Tweet on Monday, which also included a picture of a signing ceremony in Shanghai...
It was unclear whether the new unit set up on Thursday was related to the construction of the new Megapack factory in Shanghai, but the firm is on a rapid expansion in the Chinese market on the heels of huge success of its Gigafactory in Shanghai, the largest outside the US which had an output of 710,000 vehicles in 2022... https://www.globaltimes.cn/page/202304/1289157.shtml
Atlas Shrugged:
Ma Barker & her soybeans that got special timing for train travel.
Beans were picked TOO early & rotten in the cars that were unable to move anywhere.