Wednesday, July 6, 2011

Chinese Electric Cars

The guys over at Oil and Glory have a short piece on the state of the Chinese electric car industry and market. For the former, read drywall on wheels. For the latter, read not if it's not cheap. Chinese consumers not wanting to throw money away - imagine!

The German model keeps coming to mind as the antidote to US style cheap n fast globalization. High cost but high quality. We just have to hope that there will be an American middle class left to buy stuff after they were mugged in their homes by Wall St bankers from 2008 onwards. Meanwhile financial reform is a cruel joke...

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