What's behind the electric car fever?

China accounts for 60% of global EV production, and is emerging as the world's factory for EVs. China exported nearly 500,000 electric cars in 2021 -- more than any other country in the world.

It's a matter of batteries.
 

China is set to dominate the electric vehicle (EV) market in the coming years due to its strength in the supply chain of lithium-ion batteries. “Western economies are quite far behind China already, with the country having held an 80.5% share of lithium-ion battery capacity in 2020," says Daniel Clarke from GlobalData. “Western economies are quite far behind China already, with the country having held an 80.5% share of lithium-ion battery capacity in 2020."

And who do you think has his fingers in the battery cookie jar?
 

Hunter Biden’s investment firm helped broker a 2016 deal that gave a Chinese state-backed company control of a massive African mine rich in cobalt — a mineral essential for the production of electric car batteries.

Oh no, really? But surely not his daddy.
 

For those wondering why Joe Biden is soft on China, consider this never-before-reported revelation: The Biden family has done five deals in China totaling some $31 million arranged by individuals with direct ties to Chinese intelligence — some reaching the very top of China’s spy agency.

Indeed, every known deal that the Biden family enjoyed with Beijing was reached courtesy of individuals with spy ties. And Joe Biden personally benefited from his family’s foreign deals.

Oh no, really?
 

~ Dùghlasach