Sure there's too much BS flying around, some people should get...

Sure there's too much BS flying around, some people should get out more often and learn how to listen to foreign sounds around, it makes sense!

China Has Whole Towns Focused Entirely on MakingElectric Cars

Just down the neatly manicured road, about a dozenskyscrapers rise from the fields as Shunde New Energy Vehicle Town takes shapeinside the city of Foshan, part of southern China’s manufacturing heartland.Local officials boast that their planned hub for EV production and researchcould eventually generate 100 billion yuan ($15 billion) in revenue for thehometown economy.Shunde is one of at least 20 electric-centric versions ofDetroit under construction as China goes all-in on a technology projected tosell in record numbers this year. President Xi Jinping wants the nation’s 500electric car makers to be magnets for ancillary industries as he pushes tobuild a manufacturing superpower by 2025. That blueprint -- meant to make Chinamore self-sufficient and diversify an investment landscape dominated byvolatile property and equity markets -- has become central to the U.S.-Chinatrade war.Municipalities needing ways to recalibrate their economies want apiece of that plan. They’re offering cheap land, tax breaks and housingsubsidies to carmakers, parts suppliers and engineering labs in hopes of attractingthousands of high-technology jobs in the burgeoning EV sector.“The new-energyvehicle industry is a bet local governments must take,’’ said He Xiaopeng,chairman of Xpeng Motors Technology Ltd., an EV startup backed by e-commercegiant Alibaba Group Holding Ltd. and Taiwan’s Foxconn Technology Group. “Asuccessful EV maker could bring at least 200 companies in the industry chaininto a province.’’The amount of investment committed to developing these EVtowns is a staggering 209 billion yuan -- equal to about $30 billion -- so far,according to Bloomberg calculations based on public announcements. Thecommitments range from fixed-asset investments to development costs bycarmakers, private capital and local government-backed entities.The other hubsinclude Geely Automobile Holdings Ltd.’s plan for a research and productionbase in Yiwu, LeEco Vehicle Ecological Town in Huzhou and Self-Driving AutoTown in Xiamen.Shunde New Energy Vehicle Town.

EV sales projected to hit 130 millionby 2030