Independent thinking for complex markets and current events
Is it just me, or does it feel like everything is just about to spiral out of control with this AI-memory-boom-chatbot-slop-crisis thing? We already know that memory prices have gone bananas and that the crisis is complicating the production of all kinds of computing-adjacent devices. Now the CEO of memory specialist Phison is reported to …
heap Chinese electric vehicles are being blamed for the collapse of car manufacturer Nissan. The Japanese auto firm, which employs 7,000 people in the UK and 17,000 in the US, has embarked on a huge cost-cutting programme after suffering heavy losses. Nissan said last month it would axe 9,000 jobs and 20 per cent of …
TSLA had a gap to fill to $289… LI NIO XPEV PSNY RIVN not looking good at all… Mercedes down another -5%. VW same, … h/t Plus_Seesaw2023
via notayesmanseconomics A feature of the modern era is the way that things which are predictable are so often presented as a surprise. Today will see several of our themes in play. One of them has been the way that China has been looking to export its way out of its property crisis slow down. …
They are in deep need of HELP because their cars and trucks are not selling. Prices are too damn high! No one can afford to buy them. They simply will NOT sell! h/t BLOWED UP REAL GOOD
Production problems with a computing unit manufactured by tech giant Huawei have forced certain Chinese automakers to postpone the delivery of flagship models, according to five people with knowledge of the situation. According to two of the persons, Changan Auto and Chery Auto, which have collaborated with Huawei to create their high-end electric vehicle brands, …
by Martin Armstrong The US and China are at odds again. China is now sanctioning Lockheed Martin and Northrop Grumman for providing Taiwan with weapons. Last month was the first time that the US government approved direct military assistance to Taiwan. Previously, the US fulfilled its obligation under the Taiwan Relations Act without providing direct …
A slew of the world’s largest automakers, including Sony, Honda, Ford, Genesis, and Mullen Automotive, have all either recently announced or patented facial recognition technologies. A newly unveiled prototype car from Sony and Honda, called “Afeela,” is set to employ facial recognition to unlock the vehicle and open its door. The semiconductors and chipsets set …
“Car prices are about to drop, an oversupply of vehicles will lead to manufacturers slashing prices. There are too many cars and not enough buyers. UBS reports that the production of cars is outpacing sales by 6%, this leaves about 5 million cars just sitting around, unsold. To sell these cars, manufacturers might have to …
