China's EV industry (was funded by the US)
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China's EV industry (was funded by the US)
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There’s a lot of outrage currently about China’s attempts to grow its EV market, at the expense of the US economy. But the truth is that the Chinese EV market wouldn't be where it is today without the generous funding it received (and continues to receive) from the US, Western governments, and multinational companies looking to cash in on the next big thing.
So let's talk about the ways in which China's EV industry is funded by the US, both directly and indirectly, partly with the help of your pension fund.
Chapters
(00:00) Introduction
(03:15) Timeline of China's EV industry
(12:20) The threat of Chinese made EVs
(15:00) #1: The West was happy with China’s EV development (when it benefited them)
(20:40) #2: China's EV market was funded with US FDI and investor capital
(28:45) #3: China's investment scene is better than Silicon Valley
(39:30) The West as get rich quick scheme
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