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Is it too late for Australia to enter the global market for Electric Vehicle Battery (EVB) manufacturing? It has become apparent that Australia’s exit in 2016 from local car production has made it more difficult for us to participate fully in one of the 21st century’s fastest growing, technically advanced and environmentally critical industries.
China’s carmakers go electric – and international
Geely, China’s biggest private carmaker, has bought a 7.6 per cent stake in Aston Martin, the legendary British luxury car brand.
James Bond might not approve but the company, Zhejiang Geely Holding Group, already owns the Swedish brand Volvo and has stakes in Germany’s Daimler and Britain’s sports car marque, Lotus.
China Daily, an official Chinese newspaper, says Aston Martin is searching for a partner in making its first electric model.
“There are several high-performance electronic technologies that Geely can share,” the paper says.
SAIC Motor (formerly Shanghai Automotive), China’s largest carmaker, already owns MG, another famous British marque.
China Daily says SAIC shipped 10,000 MG electronic hatchbacks to Europe in September, the country’s biggest overseas shipment of EVs.
“Going global is high on Chinese carmakers’ business strategies as they try to seize opportunities arising from their early-mover advantage in the new energy vehicle sector,” it says.
Is it too late for Australia to enter the global market for Electric Vehicle Battery (EVB)…
“This war is not between two countries, but between two systems: between authoritarianism and democracy.”
Source: Ukrainian Nobel Peace Prize Winner: “What We Need Is Weapons”
Whose in control of the chicken house?
The New York Times reported on Thursday a top Justice Department official informed former President Donald Trump’s lawyers that the government believes Trump has still not returned all the documents taken from the White House.
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