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Third reason mentioned: Tesla. Tesla will collapse if there is conflict with China. China is the undisputed leader in battery tech and inventions. They are 10
by nabla9 2y ago
Third reason mentioned: Tesla.
Tesla will collapse if there is conflict with China. China is the undisputed leader in battery tech and inventions. They are 10 years ahead of everyone else in anode technology for example.
Tesla's second largest market is China (before EU) Tesla's largest Gigafactory is in China. It's almost twice the size of second largest factory in the US. Tesla is also building new battery pack factory in China.
>Mr. Musk and Tesla, an electric vehicle company he controls, are heavily reliant on China, which houses one of the auto maker’s flagship factories in Shanghai. Unveiled in 2019, the state-of-the-art facility was built with special permission from the Chinese government, and now accounts for more than half of Tesla’s global deliveries. Last year, the company said in financial filings that it had a $2.8 billion loan agreement with lenders in China for production expenditures.