BYD and Tesla both make EVs in China. Yet BYD has significantly lower costs.
Two major factors:
1) Vertical integration is very high for BYD
2) Doing R&D in China is far cheaper
State subsidies are a small part. It’s more a structural advantage. Fascinating report from Rhodium.
Nord Stream story drifting in the direction of the CIA is curious if predictable. What’s most curious is how the German government is leaking the truth it knows drop by drop, over a long period of time.
So here is the status of the story today as per Spiegel: CIA was aware of Ukrainian plans and made the Ukrainians think it was endorsing them, but then it changed its mind, but couldn’t persuade the unruly Ukrainians not to do it.
Believable unless you read WaPo and NYT investigations into how the Ukrainian intel agencies responsible for the attacks, according to Germany, were created from scratch by… the CIA.
South Korean government urges Japan to immediately withdraw their claims on Dokdo after Japanese Minister of Foreign Affairs Motegi Toshimitsu said earlier today that Dokdo (called as Takeshima by Japan) is "historically and legally Japanese"
South Korean Ministry of Foreign Affairs said that "the (Korean) government reiterates that Japan's unjustified claims have no effect whatsoever on our sovereignty over Dokdo and reaffirms that it will respond resolutely to any provocation by Japan" and that "the Japanese government must clearly recognize that repeatedly making unjust claims over Dokdo, which is historically, geographically, and under international law indisputably our inherent territory, does nothing to help build future-oriented Korea-Japan relations."
Mit einem Außenhandelsumsatz von 251,8 Milliarden Euro war China 2025 Deutschlands wichtigster Handelspartner und löste damit die USA ab. Die Exporte von Kraftwagen und Kraftwagenteilen in die Vereinigten Staaten sanken um 17,8 %. Mehr zum #Außenhandel: https://www.destatis.de/DE/Presse/Pressemitteilungen/2026/02/PD26_056_51.html
🇬🇧 Translation
RT by @mmue pungmu: With an external trade turnover of 251.8 billion euros, China was Germany's most important trading partner in 2025, thereby releasing the USA. Exports of motor vehicles and motor vehicles to the United States fell by 17.8%. More on the #External Trade: https://www.destatis.de/DE/Press/Press/Press Releases/2026/02/PD26 056 51.html
I am sorry to report this, but:
It appears critics of US foreign policy, once again, have committed the unforgivable sin of being right too early
We apologize. We are listening and learning.
Important to remember that this would-be dictator was praised to the skies and even nominated for a Nobel Prize by Joe Biden and his boys, Tony Blinken and Kurt Campbell. Why? Because he was key to their trilateral military "alliance" with LDP Japan - AOC's foreign policy model.