Electric cars + more things

2 minutes estimated reading time

Electric cars

When you think about electric cars you usually think of Tesla. But the reality is that electric cars have been about for almost 200 years. I was reminded of Bob Cringely’s analogy about technology success being about ‘surfing waves‘. The first electric car turned up sometimes in the 1830s. By the beginning of the 20th century there was 30,000 electric cars. But petrol engined cars were cheaper to make and quicker to refill than charging electric cars.

That didn’t stop Irish inventors converting a Volvo 66 saloon to run as an electric car, 23 years before Tesla even existed.

Energy

The Rise and Precarious Reign of China’s Battery King | WIRED – interesting profile of CATL. Shows opportunity for hydrogen and the ceiling of Li ion batteries.

Finance

Abducted Canadian billionaire Xiao Jianhua faces trial in Shanghai court | Financial Times – the question not being asked is how many Chinese government officials will the legal action ensnare? They’ve sat on him for five years as they unwound the Tomorrow Group and are only now prosecuting him in the run up to the 20th National Party Congress in November. It is at this event that Xi Jingping is likely to become president for life. The reality is that Mr Xiao’s goose was cooked as soon as he was snatched from the Four Seasons. This trial could affect demand for high-end Hong Kong property adversely

Beijing announces interest rate swaps with Hong Kong after Xi Jinping visit | Financial Times – this looks like a bear trap for western investment banks