America First Report
SUBSCRIBE
  • Home
  • News
  • Opinions
  • Videos
  • About Us
    • Contact
No Result
View All Result
Discern Report
  • Home
  • News
  • Opinions
  • Videos
  • About Us
    • Contact
No Result
View All Result
Discern Report
No Result
View All Result
EX30

Low-Cost China-Made Volvo EV to Be Sold in the U.S. This Summer, Threatening Tesla and Other EV Makers

by Laura Harris, Natural News
May 4, 2024
in Curated, Opinions

  • Not All “Survival Food” Supplies Are Created Equal


(Natural News)—A Chinese-made electric vehicle is set to arrive in the United States’ EV market this summer, boasting power and efficiency comparable to the Tesla Model Y but with a $8,000 lower sticker price.

The EX30 electric SUV, a product of the Swedish luxury car brand Volvo, is a five-seater electric SUV with a 275-mile driving range and a five-second, zero to 60-mile-per-hour time, all at a competitive price of $35,000. The specs of the EX30 closely match the Tesla Model Y, except that the latter has more cargo room and has a cost before taxes and incentives of $42,990.

AJStore Ultra Methylene Blue

Volvo is one of the few carmakers in the U.S. that source their manufacturing in China, but the brand claims it still runs its own show and designs its cars in Sweden even though, since 2010, Volvo has been owned by Chinese automotive company Geely.

According to Climate Depot, the Volvo EX30 EV offers such competitive pricing in the U.S. due to several factors. Firstly, China has cheaper cost advantages and Volvo avoids U.S. tariffs due to its American manufacturing operations. Secondly, the dominance of China in the EV battery supply chain helps Chinese EVs undercut global competition. Lastly, Geely saves operational costs by sharing resources with Volvo and other brands it owns.

Furthermore, the price of the EX30 is expected to drop further if people lease it because of a loophole in the Inflation Reduction Act of 2022.

The law reinstated a $7,500 tax credit for EV buyers but excluded vehicles with components from countries considered economic or security threats, including China. However, the Internal Revenue Service has recently clarified that leased EVs qualify as commercial vehicles and are eligible for the subsidy without the restrictions related to components coming from China. In other words, this could make leasing an EX30 only $27,500.

In these uncertain financial times, you need a company you can trust with stewardship of your life’s savings. We recommend self-directed IRAs backed by physical precious metals provided by Augusta with ZERO Gold IRA fees for up to 10 years.

China already dominating America’s EV market before selling its first car

In a 2023 Business Insider report, Alexa St. John wrote about how China is already dominating the American EV market even without selling a single car.

All this despite facing Wuhan coronavirus (COVID-19) lockdowns, economic uncertainties and the gradual phasing out of government EV subsidies. (Related: SUPPLY CHAIN WARNING: China flexes world domination muscle, restricts mineral exports vital for semiconductors and EV battery production.)

Chinese electric car companies like Geely, XPeng, Li Auto and Nio have gained significant traction in the global EV market, collectively capturing a 17 percent increase in market share in 2022, while non-Chinese automakers witnessed an 11 percent drop. Notably, BYD alone sold nearly 1.8 million EV batteries and plug-in hybrids in China in 2022, surpassing Tesla’s global sales figures.

The Chinese auto industry is now setting its sights on international expansion, with the U.S. as a prime target.

“What happens in China will not stay in China,” said Bill Russo, the CEO of advisory firm Automobility. “If you have that kind of supply chain, that kind of position on the chess board, then why wouldn’t you take that internationally?”

Chinese automakers possess several advantages in the U.S. market, especially with the lower cost of their vehicles compared to American brands.

And even if it fails to dominate the U.S. car market, its control over the global EV battery supply chain, including raw materials, processing, cell manufacturing and more, still gives China control over a majority of the production capacity in 2027. China has controlled about 75 percent of all battery cell manufacturing capacity and 90 percent of battery anode and electrolyte production since 2022. Since then, giant CATL, along with U.S. automakers GM and Tesla, have been dependent on China for their battery needs.

Even as the U.S. produces more mineral extraction here and the U.S. battery-making industry grows, much of these materials are still sent to China for processing.


  • Trump and Elon’s Secret Plot to Save Your Retirement?


Visit CommunistChina.news for stories related to China’s moves to dominate the global economy. Watch the video below that talks about the danger of America’s supply chain dependence on CCP.

This video is from the Chinese taking down EVIL CCP channel on Brighteon.com.

More related stories:

  • Report suggests legacy automakers and EV manufacturers are “at risk of ties” to Uyghur FORCED LABOR in China.
  • Saudi Arabia signs $5.6 billion deal with China to boost the kingdom’s EV industry.
  • China enacts export restrictions on two crucial metals amid escalating trade war with US.
  • Taiwan pushes back, won’t let US destroy semiconductor factories to prevent them from falling into Chinese hands.
  • Experts: Semiconductor ban accelerates severing of US-China ties.

Sources include:

  • ClimateDepot.com
  • Tesla.com
  • BusinessInsider.com
  • Brighteon.com





Why One Survival Food Company Shines Above the Rest

Let’s be real. “Prepper Food” or “Survival Food” is generally awful. The vast majority of companies that push their cans, bags, or buckets desperately hope that their customers never try them and stick them in the closet or pantry instead. Why? Because if the first time they try them is after the crap hits the fan, they’ll be too shaken to call and complain about the quality.

It’s true. Most long-term storage food is made with the cheapest possible ingredients with limited taste and even less nutritional value. This is why they tout calories so much. Sure, they provide calories but does anyone really want to go into the apocalypse with food their family can’t stand?

This is what prompted the Llewellyns to launch Heaven’s Harvest. They bought survival food from multiple companies and determined they couldn’t imagine being stuck in an extended emergency with such low-quality food. They quickly discovered that freeze drying food for long-term storage doesn’t have to mean sacrificing flavor, consistency, or nutrition.

Their ingredients are all-American. In fact, they’re locally sourced and all-natural! This allows their products to be the highest quality on the market, so good that their customers often break open a bag in a pinch to eat because they want to, not just because they have to due to an emergency.

At Heaven’s Harvest, their only focus is amazing food. They don’t sell bugout bags, solar chargers, or multitools. They have one mission – feeding Americans in times of crisis.

What they DO offer is the ability for people to thrive in times of greatest need. On top of long-term storage food, they offer seeds to help Americans for the truly long-term. They want them to grow their own food if possible which is why they offer only Heirloom, Non-GMO, Non-Hybrid, Open-Pollinated seeds so their customers can build permanent food security on their own property.

Visit the Heaven’s Harvest website and use promo code “Patriot” for a discount today!

0:00 / 0:00

15 seconds

15 seconds

AJStore Sea Moss
Tags: ChinaEX30LedeNatural NewsTeslaTop StoryVolvo
Next Post
Steve Poplar Jonathan Rose Genesis Gold Group

Jonathan Rose on "The Poplar Report" Reveals Why Financial Advisors Steer People Away From Gold

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • About Us
  • America First Newsletter
  • Contact
  • Home
  • Integrating With Augusta Precious Metals
  • Newsletter
  • Privacy Policy
Site Operated By JD Rucker.

© 2023 America First Report.

No Result
View All Result
  • Home
  • Original
  • Curated
  • Aggregated
  • News
  • Opinions
  • Videos
  • Podcasts
  • About Us
  • Contact
  • Privacy Policy

© 2023 America First Report.

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?