It is Obama who wants America to the be the world's leader in green technology. That's what he wants. Of course, he has no idea how to help American businesses accomplish that. Rather than decreasing taxes on American businesses and reducing regulation, he intends to increase their burdens. It's impossible to compete with Chinese companies paying their workers $1 an hour and that face no retarded environmental regulations.
Chinese auto company BYD plans to bring an all-electric sedan in small numbers to the U.S. next year.
The company chairman Wang Chuanfu told the Wall Street Journal that the company, which is part-owned by investor Warren Buffet, is now gearing up for a U.S. push. It plans to raise money by offering shares in the company in China to help finance the expansion.
BYD plans to offer a few hundred of one of its most advanced cars in the U.S., the five-seat e6, which takes seven to nine hours to fully charge and has a 250-mile range.
Initially, it will make the $40,000 car available to "government agencies, utilities and maybe some celebrities" in a specific region, Wang told the Journal during a factory tour of the BYD's lithium ion battery factory.
Chinese cars being made available to U.S. government entities? Well, given that Obama's friend Warren Buffet is part owner, I guess we shouldn't rule that out. More...
President Obama wants to make the United States “the world’s leading exporter of renewable energy,” but in his seven months in office, it is China that has stepped on the gas in an effort to become the dominant player in green energy — especially in solar power, and even in the United States.
Chinese companies have already played a leading role in pushing down the price of solar panels by almost half over the last year. Shi Zhengrong, the chief executive and founder of China’s biggest solar panel manufacturer, Suntech Power Holdings, said in an interview here that Suntech, to build market share, is selling solar panels on the American market for less than the cost of the materials, assembly and shipping.
Backed by lavish government support, the Chinese are preparing to build plants to assemble their products in the United States to bypass protectionist legislation. As Japanese automakers did decades ago, Chinese solar companies are encouraging their United States executives to join industry trade groups to tamp down anti-Chinese sentiment before it takes root.
We're losing. Save us Obama.
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