Earlier quoted context omitted.
> but China is more protectionist than any other major economy, including recent changes in US policy. Not true. China let Tesla set up shop in the backyard of their domestic EV industry, WITHOUT the mandatory by law 51% Chinese ownership, precisely so Tesla would light a fire under the asses of domestic players, forcing them to compete better with what was at the time, the pinnacle EV brand. China is no longer beati…
> so Tesla would light a fire under the asses of domestic players, forcing them to compete better with what was at the time, the pinnacle EV brand. More like having Tesla to bootstrap the upstream suppliers so local brands can leverage them.
If anything the shame is not that the Chinese pulled this off successfully, but that Detroit is still barely trying to compete in streamlining their bloated supply chains in light of EV competition; none of the US automakers are sharing upstream suppliers on batteries and all are scrambling in different directions on even some of the basics.