The problem is Japan doesnt refine any materials while China refines all the materials, and electric vehicles are relatively simple relative to combustion engines so theres less barrier to entry. The largest barrier is the battery, which is also manufactured in China.
This article seems to be focused on manufacturing for the Chinese domestic market, not the export of cars. They are worried about being shut out of the Chinese market.
And they are 100% right about their assumption. China isn‘t letting anyone in anymore. They use their entire state capitalist machine to reject foreign companies completely. Global companies should forget about China and decouple.
The problem is Japan doesnt refine any materials while China refines all the materials, and electric vehicles are relatively simple relative to combustion engines so theres less barrier to entry. The largest barrier is the battery, which is also manufactured in China.
Also employees that work very long days for minimal pay. I say we should not compete with that.
This article seems to be focused on manufacturing for the Chinese domestic market, not the export of cars. They are worried about being shut out of the Chinese market.
And they are 100% right about their assumption. China isn‘t letting anyone in anymore. They use their entire state capitalist machine to reject foreign companies completely. Global companies should forget about China and decouple.