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We don’t know if they stole anything, it wouldn’t be out of the ordinary, but they definitely played Elon like a fiddle. They lured him in by letting Tesla Chin
by wumeow 3y ago
We don’t know if they stole anything, it wouldn’t be out of the ordinary, but they definitely played Elon like a fiddle. They lured him in by letting Tesla China stay wholly owned, granting it a low corporate tax rate, and giving it below-market loans. Tesla then contracted with tons of local suppliers, who ended up working and sharing knowledge with domestic automakers as well. A year and a half later, their cars explode onto the market and eat Tesla’s lunch.
https://open-ev-charts.org/#electric-ratio:CN:year https://open-ev-charts.org/#electric-ratio:CN:year
- aurareturn 3y agoChina’s EV industry was already well ahead of the US by the time Tesla arrived. And yes, Tesla China is wholly owned by Tesla USA. The problem I’m pointing out is that people here automatically assume that China steals in order to compete. They never give China credit. Since China actually leads in EV, they don’t have to steal. It’s companies like Ford, GM, Volkswagen that have to steal from Chinese companies.
- wumeow 3y ago> It’s companies like Ford, GM, Volkswagen that have to steal from Chinese companies Good joke!
- aurareturn 3y ago> Good joke! Not sure why you think it’s a joke. Just check the state of Ford, GM, and Volkswagen EVs. They’re significantly behind.
- wumeow 3y agoYes because they don’t have the benefit of stolen ip and local suppliers who are also built on stolen ip.
- aurareturn 3y agohttps://news.ycombinator.com/reply?id=40137096 https://news.ycombinator.com/reply?id=40137096 Recursion!