⁣Ɔbenfo James Small Discusses the 2nd Historic Abibitumi Conference on Black Power and the documentary dedicated to the life work and memory of Nana Kamau Kambon.

Auto industry insiders were stunned when Caresoft, a highly regarded engineering consulting firm, tore down BYD's mass-market EV, the Seagull.

Priced around $11,000, the engineers found the Seagull to be well-designed, user friendly, rich with options, and of surprisingly high quality and reliability.

The US automakers reacted swiftly, and produced reports insisting that BYD's entrance into US car markets would be met with strong enthusiasm from buyers, and legacy carmakers would be unable to survive.

Because of the Seagull's low price point, US tariffs of 25% would be irrelevant: BYD could still make high profits even after the tariffs were paid. Or, BYD could simply place final assembly plants in Mexico and avoid them altogether. Aware of this, the Biden Administration in May jacked the tariffs up to 100%, and announced that Chinese car plants even in tariff treaty countries would be cut off from US markets.

Correction: I was wrong when I said that EV's are lighter. Apologies. I was working with three sets of notes, and the changes didn't make it over in the final draft. It was my fault. Cheers. Kw

Resources and links:

American Test Of $11,500 BYD Seagull: 'This Doesn't Come Across Cheap'
https://insideevs.com/news/710....364/byd-detroit-impo

On a collision course: China's existential threat to America's auto industry and its route through Mexico
https://www.americanmanufactur....ing.org/wp-content/u

CNBC, Why a small China-made EV has global auto execs and politicians on edge
https://www.cnbc.com/2024/03/2....2/byd-seagull-ev-put

American Test Of $11,500 BYD Seagull: 'This Doesn't Come Across Cheap'
https://insideevs.com/news/710....364/byd-detroit-impo
5 takeaways from Biden's tariff hikes on Chinese electric vehicles

NPR, 5 Takeaways from Biden's new tariffs on Chinese cars
https://www.npr.org/2024/05/14..../1251096758/biden-ch

Associated Press, Small, well-built Chinese EV called the Seagull poses a big threat to the US auto industry
https://apnews.com/article/chi....na-byd-auto-seagull-

Forbes, China’s Seagull Leads The Way In Cheap, Well-Made Electric Cars
https://www.forbes.com/sites/j....oshmax/2024/05/14/ch

Caresoft Global, company page
www.caresoftglobal.com

BYD’s new Seagull EV shocks the industry
https://electrek.co/2024/03/22..../byds-new-ev-startin

Closing scene, Harbor, Hainan Province

Research and Development (R&D) is a major profit center for the top universities in the United States. Besides the nearly $100 billion they earn in grants from the US government and private sources, university-based researchers create patents and inventions that generate many more billions annually.

China is the largest foreign source of scientists and researchers, and they are concentrated in the hard sciences and in engineering, where over 95% of R&D spending takes place. But since 2018, Chinese scientists are increasingly deciding to return to China to set up new research departments. Of those who are still in the US, over 60% admit they are strongly considering moving, and over half now refuse to work on projects that involve funding by US government sources.

To American universities, the loss of these scientists, along with future contributions to scientific research and commercial applications and market value, are incalculable. But losses probably already exceed a trillion dollars, given the departures of so many top scientists in Artificial Intelligence, Big Data, medicine, biochemistry, materials science, nanotechnology, and quantum computing.

Resources and links:

More Chinese Students Are Staying in China to Study
https://erudera.com/news/more-....chinese-students-are

Surge in Chinese Scientists Leaving US for Home Institutions
https://erudera.com/news/surge....-in-chinese-scientis

Caught in the crossfire: Fears of Chinese–American scientists
https://www.pnas.org/doi/10.1073/pnas.2216248120

Scientists of Chinese descent leaving the US at an accelerating pace
https://www.chemistryworld.com..../news/scientists-of-

Reverse Brain Drain? Exploring Trends among Chinese Scientists in the U.S.
https://sccei.fsi.stanford.edu..../china-briefs/revers

Resources on the Patent Revenue Budget Model
https://financeandbusiness.ucd....avis.edu/bia/budget/

R&D Expenditures at U.S. Universities Increased by $8 Billion in FY 2022
https://ncses.nsf.gov/pubs/nsf24307

South China Morning Post, Nanotech pioneer Wang Zhonglin leaves US to work in China ‘full time’
https://www.scmp.com/news/chin....a/science/article/32

SCMP, The Chinese scientists leaving top US universities to take up high-profile roles in China, boosting Beijing in its race for global talent
https://www.scmp.com/news/chin....a/science/article/32

Closing scene, Suzhou, Jiangsu

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31/10/2024
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