Chinese customs seize 84 SSDs hidden in an electric scooter
A new report from Bloomberg details how Chinese customs authorities recently seized 84 solid state drives (SSDs) hidden in an electric scooter.
The incident took place in the city of Shenzhen, which is home to many of China’s tech companies. The SSDs were reportedly hidden in the scooter’s handlebars, and were destined for a company in the United States.
The seizure is the latest in a series of crackdowns on the illegal smuggling of SSDs out of China. In recent years, customs authorities have seized hundreds of drives that were being smuggled to other countries.
The smuggling of SSDs is a lucrative business, as the drives can fetch a high price on the black market. In some cases, the drives have been sold for as much as $1,000 each.
The market for smuggled SSDs is believed to be fueled by the high cost of the drives in China. Due to a combination of government subsidies and tariffs, the price of SSDs in China can be up to twice as high as the price of the same drives in other countries.
As a result, many Chinese consumers are willing to pay a premium for SSDs that are smuggled into the country.
The Chinese government is reportedly looking to crack down on the smuggling of SSDs, and has been working with other countries to track down the illegal shipments.
In the meantime, customs authorities are likely to continue to seize SSDs that are being smuggled out of China.