Bobby goes for a drive in perhaps the most complete and advanced Chinese EV to arrive on European shores thus far: the BYD Seal. With next-generation battery...
China got to where it is by taking the tech of others. Lithium and LFP batteries were invented in America. Not to mention the hundreds of other IP they sent spies to take. The concern isn’t unwarranted.
American companies couldn’t even open their own plants in China, they had to partner with a Chinese operation. It wasn’t until THIS YEAR that China let outside companies own their own operations in the country just like in America where BYD Trucks, Polestar/Volvo, and a LARGE number of other Chinese companies outside of the automotive sector that no one talks about.
Furthermore, Gotion got rejected by a local town, not Congress. Not even American companies can just put things where they want to, citizens get a say.
The Ford battery plant, rejected by Virginia leadership was picked up by Michigan and despite the interference from Congress is STILL on track.
Congress itself can’t interfere with Ford or Tesla unless they are all on the same page and they can’t even pass a budget right now.
What I do know for sure is that the Federal Commerce dept will not let ANY company just bypass tariffs. Chinese solar panel makers tried doing that and they got blocked for it.
BYD just like Tesla in the EU will most likely have to settle down with a car plant in America if they want to take advantage of NAFTA.
Don’t be so dramatic.
China got to where it is by taking the tech of others. Lithium and LFP batteries were invented in America. Not to mention the hundreds of other IP they sent spies to take. The concern isn’t unwarranted.
American companies couldn’t even open their own plants in China, they had to partner with a Chinese operation. It wasn’t until THIS YEAR that China let outside companies own their own operations in the country just like in America where BYD Trucks, Polestar/Volvo, and a LARGE number of other Chinese companies outside of the automotive sector that no one talks about.
Furthermore, Gotion got rejected by a local town, not Congress. Not even American companies can just put things where they want to, citizens get a say.
The Ford battery plant, rejected by Virginia leadership was picked up by Michigan and despite the interference from Congress is STILL on track.
https://www.nytimes.com/2023/11/21/business/ford-ev-battery-plant-michigan.html
Congress itself can’t interfere with Ford or Tesla unless they are all on the same page and they can’t even pass a budget right now.
What I do know for sure is that the Federal Commerce dept will not let ANY company just bypass tariffs. Chinese solar panel makers tried doing that and they got blocked for it.
BYD just like Tesla in the EU will most likely have to settle down with a car plant in America if they want to take advantage of NAFTA.