Month: March 2024

Bangkok — Vietnamese automaker VinFast announced Tuesday that it plans to sell its electric vehicles in Thailand and said it had tied up with auto dealers to open showrooms in the country.

VinFast, which only began exporting its EVs last year, faces stiff competition in Thailand from Chinese automakers like BYD. Tesla also recently entered the fray. All were displaying their latest models at the Bangkok International Motor Show.

The Thai EV market is small but growing fast, buoyed by incentives and subsidies from the government. The country of more than 70 million plans to convert 30% of the 2.5 million vehicles it makes annually into EVs by 2030.

VinFast hopes to start selling both its electric scooters and electric SUVs in the country in the next two months, Vu Dang Yen Hang, chief executive officer of VinFast Thailand, told The Associated Press.

Details about pricing and buying the EVs are likely to be announced later this year.

Thailand accounted for 58% of all EV sales in Southeast Asia in 2022, ahead of both Vietnam and Indonesia, according to market research firm Counterpoint Research. But the EV market remains small, accounting for only 0.5% of EV sales worldwide in 2022.

Thailand is trying to change this with incentives to promote manufacturing and sales of EVs, such as reducing import duties and paying subsidies to make them more price competitive.

VinFast has set a target of selling its cars in 50 markets worldwide by the end of 2024.

Initially it’ll rely on existing charging developers in Thailand, but the long-term plan was to work alongside V-Green, a company that builds EV charging stations and is owned by VinFast’s parent company, said Hang.

“We will be working alongside [V-Green] to build infrastructure for our customers in Thailand who are using our cars,” she said.

V-Green was launched this month and plans to spend $404 million in the next two years to build charging stations for VinFast cars in different countries. Like VinFast, it is a part of the sprawling conglomerate Vingroup, which began as an instant noodle company in Ukraine in the 1990s. It is founded and run by Vietnam’s richest man, Pham Nhat Vuong.

VinFast’s foray into Thailand is part of a global expansion that has included exports of EVs to the United States. The company is building an EV factory in North Carolina, where production is slated to begin later in the year. Another factory is under construction in India, and it plans another in Indonesia.

VinFast has begun shipping EVs made in Vietnam to neighboring Laos to supply vehicles for Green SM, an EV taxi operator that is mostly owned by VinFast’s founder, Vuong.

Last year, the company listed its shares in August on Nasdaq, where they initially soared, pushing its market value briefly above those of General Motors Corp. and Ford Motor Co. But investor enthusiasm has cooled, and the company lost more in than $1.4 billion the first three quarters of 2023.

VinFast has struggled to sell its EVs in the U.S., and its early cars have received bad reviews. But the company maintains that if it can succeed in the crowded and competitive American market, it can succeed anywhere.
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 Washington — Tim Cook, CEO of the American technology giant Apple, is facing criticism at home over laudatory remarks he made about China during a recent visit to try to boost sagging iPhone sales in the lucrative market. 

Cook was in Shanghai for the opening of China’s largest Apple retail store on Friday and met with Chinese political and business people. He praised China for being “so vibrant and so dynamic,” in remarks widely quoted by state media and Foreign Ministry spokesperson Hua Chunying. 

The new Apple store took seven years and cost over 80 million yuan (roughly $11.1 million) to build. It is said to be the second largest in the world and the largest in Asia, and it is staffed by about 150 people. 

Thursday evening, at least 12 hours before the scheduled opening, a long line had formed in front of the store. Some media said the crowds were “as bustling as New Year’s Eve.” 

In addition to showing their loyalty to the brand by purchasing Apple products, the opening day crowds rushed to take photos with Cook, who was in the store at the event.

Dan Ives, a technology analyst on Wall Street, said on X, formerly Twitter, that Cook’s trip to China shows that Apple will continue to attach importance to the Chinese market.

“Apple is actually increasing its investments and retail footprint in China the past year,” he said, “and to this point Cook has been in China since last week on an important visit to lay the groundwork on Apple’s future in China. Cook reaffirming China strategy.” 

Chinese media reported on Monday that Apple will cooperate with Chinese technology company Baidu to provide artificial intelligence capabilities to the iPhones sold in China this year. Baidu has not verified the report. 

However, not all Chinese love Apple. A viral video clip on Chinese social media shows a middle-aged Chinese woman in yellow clothes, a baseball cap and a mask yelling at the people who queued up at the new Apple store the night before its opening, “You worship and favor foreign things.”  

She also said Apple’s business expansion in China is “because of scum like you who are willing to pay for it.” 

A person in the line said, “Do you know how many jobs Apple brings to China every year?”  

The woman replied, “No need, we have our own Huawei!” 

The drama reflects the challenges Apple is facing in China. IPhone shipments in China fell about 33% in February from a year earlier, according to official data, marking a second consecutive month of lower shipments. 

In January, the company shipped a total of roughly 5.5 million units, or about 39% fewer handsets than in the prior year, according to China Academy of Information and Communications Technology figures. 

Frank Lee, a senior partner of Blue Ocean Capital in Beijing, said that most Chinese iPhone users have a good experience with Apple products, so they remain loyal to the brand. However, there is a clear trend of declining sales of Apple products due to competition with Chinese domestic brands. 

Lee told VOA, “I think Apple’s opening of a store in Shanghai will play a certain role in [boosting] its sales in China, but it cannot fundamentally reverse the overall slow decline trend of iPhones in China.” 

However, Cook expressed his confidence in the Chinese market. He told the Chinese media, “I love the people and the culture [of China]. Every time I come here, I’m reminded that anything is possible here.” 

Cook’s remarks have been criticized as glorifying the Chinese government’s arrogant treatment of private enterprises. 

Jonathan Eyal, associate director of the Royal United Services Institute for Defense and Security Studies in the U.K., wrote on X, “‘Everything is possible’ in China, says Apple’s Tim Cook. Including being arrested and expropriated. And losing the market at a stroke of a bureaucratic pen.” 

Theresa Fallon, director at the Centre for Russia Europe Asia Studies, wrote, “Apple chief Tim Cook’s obsequious praise for China … unlikely to reverse the tide and CCP mandates that government officials can’t use Apple phones.”  

Bloomberg reported last year that a growing number of Chinese government agencies and state-owned enterprises were ordering employees not to bring iPhones and other foreign-brand phones to the workplace. China’s Foreign Ministry did not confirm the report. 

Some observers believe Cook’s remarks were not sincere. In recent years, Apple has expanded its production in India. Last year, iPhones made in India appeared for the first time in the first batch of iPhone 15 models released globally. 

However, others say China is irreplaceable to the global supply chain. They noted that Apple has faced challenges in efficiency since its supplier Foxconn moved production lines to India in the past couple of years. 

Noah Smith, an American current affairs columnist, wrote, “LOLLLLLLL meanwhile he’s shifting production out of China as fast as he can.” 

Some critics of Cook are more serious. Sophie Richardson, former China director at Human Rights Watch, said, “.@tim_cook, about those “vibrant” and “dynamic” #crimesagainsthumanity committed by your #China govt hosts…?”  

Eli Friedman, associate professor of global labor and work at Cornell University, said the past mutually beneficial relationship between Beijing and American companies is no longer playing a diplomatic role. 

He wrote, “Throwing Apple some treats will not help stabilize the U.S.-China relationship, I promise.” 

Adrianna Zhang and Joyce Huang contributed to this report.  
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washington — Earlier this month, the U.S. Department of Energy announced a record conditional loan of $2.26 billion to tap the largest known lithium reserves in North America. The loan is an important step in an effort by the U.S. government to reduce reliance on China for the metal used to make batteries.

Analysts, however, say that it may be too late to move away from reliance on China completely when it comes to metal processing and the production of batteries.

The DOE’s Loan Programs Office (LPO) says the funds, if approved after review, will help the Lithium Americas Corp. construct a lithium carbonate processing plant at the Thacker Pass mine project in Humboldt County, Nevada.

The LPO says the project would help “secure reliable, sustainable domestic supply chains for critical materials, which are key to reaching our ambitious clean energy and climate goals and reducing our reliance on economic competitors like China.”

Lithium Americas Corp. on its official website says battery materials could be “completely sourced and manufactured in the U.S., bringing down the overall carbon footprint, transport costs and supply chain risks.”

The LPO says lithium carbonate from Thacker Pass could eventually support the production of batteries “for up to 800,000 electric vehicles (EVs) per year, saving 317 million gallons of gasoline per year.”

Although the U.S. has made pioneering and groundbreaking contributions to the development of the lithium ion battery, industry experts say lithium processing and EV battery production is dominated today by China.

“Parts of our key supply chains, including for clean energy, are currently over concentrated in China,” said U.S. Treasury Secretary Janet Yellen in prepared remarks March 2 when she visited a U.S. lithium processing facility in Chile, which holds the world’s largest reserves of the metal.

“This makes America more vulnerable to shocks in China, or whatever country dominates production, from natural disasters to macroeconomic forces, to deliberate actions such as economic coercion.”

A report last year by the Organization for Economic Co-operation and Development said China increased restrictions on its exports of critical minerals ninefold between 2009 and 2020.

Data from the U.S. Geological Survey shows the output and scale of lithium mines in Australia and Argentina far exceed China’s. In 2022, Australia’s lithium mine output was more than three times China’s.

Refining, processing still issues

But industry experts say while Western countries have poured a lot of investment into developing raw minerals, they have paid little attention to refining and processing, areas in which China dominates.

Ellen R. Wald, a nonresident senior fellow with the Atlantic Council Global Energy Center, tells VOA, “Lithium is not useful just as it is. You have to refine it to make what’s used in the batteries. And that’s really where China controls the supply chain because almost all of the refining for lithium that creates it into the substance that can be used to make batteries is done in China.”

According to the Chatham House, Chinese companies accounted for about 72% of global lithium refining capacity in 2022.

China also dominates much of the global market for battery-related equipment, leaving limited options for U.S. companies that want to showcase their domestic production credentials.

American Battery Factory Inc., or ABF, is an emerging battery manufacturer that says it is “the first network of entirely U.S.-owned vertical manufacturing, supply chain and R&D for Lithium Iron Phosphate battery cells in the United States.”

But to secure custom automation equipment and machinery for use in its first large-scale rechargeable battery factory in Tucson, Arizona, it has formed a partnership with Lead Intelligent Equipment, a Chinese company.

Dependent on China

In an article in January, Wald said China is in a good position to restrict access to lithium-ion batteries to certain countries or companies as it wishes, and if the U.S. military suddenly finds itself in need of more specialized batteries, the Pentagon may not be able to obtain them.

In February 2022, China announced sanctions against Lockheed Martin, the manufacturer of the F-35 fighter jet, and Raytheon Technologies, the world’s largest missile manufacturer. Although China did not specify the details of the sanctions, it is generally considered to be a possible threat to cut off the Western countries’ supply of critical minerals.

Wald told VOA, “The U.S. defense industry is basically dependent on China for these specialized batteries that they need in all of their drones and their surveillance systems and all sorts of things.”

David Whittle, adjunct professor in resource engineering at the Department of Civil Engineering at Monash University in Australia, told VOA even if “the world develops a robust, independent supply chain for lithium, up to the point of battery chemical production, at present, China would still be the largest customer for those chemicals, since it is the largest cell manufacturer, the largest battery pack manufacturer, the largest E.V. manufacturer and the largest market for E.V.s.”

The Thacker Pass lithium mine is located at the southern end of the McDermitt Caldera, and is considered to be one of the largest in the world.

The record loan to Lithium Americas Corp. is the largest such loan the U.S. has offered for the development of a lithium mine project since the country stepped up its efforts to build a domestic supply chain for critical minerals in recent years.

The Thacker Pass lithium project is not expected to start production until 2028, and even then, Wald said, that goal may be too ambitious. The mine plans to extract lithium from clay, but Wald says it has never been mined in this way on a commercial scale. In addition, the mine is in a remote and sparsely populated location, requiring the company to build housing for workers and their families and to reassess its environmental impact.

Despite the challenges, Wald said creating a secure supply chain is not impossible for the U.S.

“I don’t think it’s too late,” Wald said. “Will they be able to compete with China globally? Probably not. But can we create non-Chinese sustainable and secure supply chains? Yeah, we can do it.”

Whittle said Western countries being “resilient to challenges from China” can’t mean “isolated from China” anymore, but resilience is still possible.

The DOE’s LPO said while their announcement shows intent to give the loan, the company must first satisfy certain technical, legal, environmental and financial conditions before the funds will be released.

Adrianna Zhang contributed to this report.
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Not long ago, people wrote letters by hand. But like many things eclipsed by modern technology, handwritten letters are less common than they used to be. Now, that technology has started writing those letters. VOA’s Julie Taboh introduces us to handwriting robots in this week’s episode of LogOn.
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TALLAHASSEE, Florida — Florida will have one of the country’s most restrictive social media bans for minors — if it withstands expected legal challenges — under a bill signed by Republican Florida Governor Ron DeSantis on Monday. 

The bill will ban social media accounts for children under 14 and require parental permission for 15- and 16-year-olds. It was slightly watered down from a proposal DeSantis vetoed earlier this month, a week before the annual legislative session ended.

The new law was Republican Speaker Paul Renner’s top legislative priority. It takes effect January 1. 

“A child in their brain development doesn’t have the ability to know that they’re being sucked into these addictive technologies and to see the harm and step away from it, and because of that we have to step in for them,” Renner said at the bill-signing ceremony held at a Jacksonville school. 

The bill DeSantis vetoed would have banned minors under 16 from popular social media platforms regardless of parental consent. But before the veto, he worked out compromise language with Renner to alleviate the governor’s concerns and the Legislature sent DeSantis a second bill. 

Several states have considered similar legislation. In Arkansas, a federal judge blocked enforcement of a law in August that required parental consent for minors to create new social media accounts. 

Supporters in Florida hope the bill will withstand legal challenges because it would ban social media formats based on addictive features such as notification alerts and auto-play videos, rather than on their content. 

Renner said he expects social media companies to “sue the second after this is signed. But you know what? We’re going to beat them. We’re going to beat them and we’re never, ever going to stop.” 

DeSantis also acknowledged the law will be challenged on First Amendment issues and bemoaned the fact the “Stop Woke Act” he signed into law two years ago was recently struck down by an appeals court with a majority of Republican-appointed judges. They ruled it violated free speech rights by banning private business from including discussions about racial inequality in employee training. 

“Any time I see a bill, if I don’t think it’s constitutional, I veto it,” said DeSantis, a lawyer, expressing confidence that the social media ban will be upheld. “We not only satisfied me, but we also satisfied, I think, a fair application of the law and Constitution.” 

The bill overwhelmingly passed both chambers, with some Democrats joining a majority of Republicans who supported the measure. Opponents argued it was unconstitutional and that the government shouldn’t interfere with decisions parents make with their children. 

“This bill goes too far in taking away parents’ rights,” Democratic Rep. Anna Eskamani said in a news release. “Instead of banning social media access, it would be better to ensure improved parental oversight tools, improved access to data to stop bad actors, alongside major investments in Florida’s mental health systems and programs.”
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