Why China’s Electric Car Lead Has Been a Long Time Coming

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Published 2021-10-13
When it comes to green manufacturing, China is now a clean-energy powerhouse. Its market dominance from solar panels to electric vehicles took long-term planning and a level of financial investment only state-controlled banking systems can deliver. By 2030, China will have an outsized influence on this strategic industry, and it’s poised to seize a fair share of the jobs and wealth creation that come with it.

#EV #China2030 #BloombergQuicktake

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All Comments (21)
  • @TheRedland284
    When the US can’t compete, it is always the human rights issue.
  • @rml5096
    in this video, the most powerful and advanced ev company in China even wasn't mentioned! BYD, who designs and manufacture all of IGBT chips, batteries, electrical motors and controlling etc. by itself!
  • @zl7491
    Well, we can always arrest the daughters of their CEOs, can't we?
  • @BeelP.
    I have been visiting China very regularly for the past decade and half. The standard Western media (e.g. Bloomberg) adjective of "authoritarian" or "draconian" that pliant Western journalists routinely tack onto China and its domestic policies is absolutely trash. Within the confines of domestic regulations, Chinese citizens enjoy a great deal of freedom and are pretty satisfied with their lot.
  • @Peace-xl6pe
    Interestingly, when western media describe China's electric vehicle field, they always show mini models that can't be seen in the market here. The bigger and better models won't show up.
  • @jongmeyo5666
    Everything was going well. Then Human Rights pop up in the most irrelevant fashion 😂
  • @gavin8535
    Why does everything with China have to do something with human rights Lol.... talking about electric cars
  • Chinese leaders are focusing on each 5 years plan, adjust as needed and move forward without 2nd thought. In US, each newly elected President only can spend 2 years to run the country, first year is for building the team, the final year is for re-election. Another major problem for US is that newly elected President might have different strategy on almost everything, the country does not have a long term comprehensive development plan. In China, Capital can't inflence govt and Policies; in US, Capital controls Politicians and policies.
  • @thelord392
    No matter what the show is to discredit China: 1. "Xinjiang Compulsory Labor", but no one can show definite evidence. 2. "China steals American technology." In fact, some technologies are more advanced in China than in the United States. 3. "China does not attach importance to environmental protection." In fact, China's annual forest growth is the highest in the world. Western countries have always spared no effort to discredit China. They are afraid of the rise of China, because these countries invaded China 200 years ago, and the United States is unwilling to challenge its international status.😅
  • @Xx-po1fu
    America's biggest investments are in senseless war and building more military stuff like submarines, aircraft carriers and fighter jets.
  • @danielchua1713
    Wow, that's the fast turn. The front part of the video was true and fair. Suddenly the rest become propaganda piece of state department.
  • @nepaliman5716
    USA talking about human rights is like tobaccos company talking about air quality , And those Uigurs waving American Flag should ask their Afghan or iraqi muslims brothers and sisters about how does american democracy taste like !
  • @yoyohighness
    Chinese leadership is composed by technocrats with mostly engineering background, whilst the United States leadership is composed by mostly lawyers and business men. This creates the fundamental differences in the way both countries leadership making decisions. Engineers are methodical and follow goals by a time frame or achieving milestones. Often, Chinese sets big vision 10-20 years ahead of her time with small achievable goals every 3-5 yrs (look at how Chinese develop her space station projects, alleviation of poverty or how they develop EV car industry). Engineers are also trained problem solvers (look at how they defuse the nation's hosing bobbles and size down the oligopolies). The political system also allows Chinese to be a chess player whilst the United States are playing chequers. So far, I do not see the USA in any way can compete with China in the long term with either infra-structure investments or making economic competition (which we all know white house is highjacked by wall street). With every 4 years new president to be elected, no chance that this country can make a long term decision strategically, and in this game, a tactical decision player can not match her rival.
  • @roro4787
    I am Indian who lived in China for 3 years 2015-18, I really liked the people, their system and everything. But ofcourse there is some propaganda and minor restrictions but nothing that affects everyday life. When I see news these days they criticize China so much I can't believe it. Trust me if you visit China yourself you will know that it is a wonderful country with amazing people. For its worth what you are are seeing in western news is not actually real or blown out of proportion.
  • @hhydar883
    At least we as consumers will have more and better options. EV's should be more affordable if you want public to adopt it in masses.
  • @TathD
    14:04 "Very large fleet of cars that come and pick people up and move in unison." Yeah, that sounds like a train.
  • @chrisp7110
    Unlike America, China have a strong mindset for eco friendly energy and their market is so big that alot of automakers and entreprenuer wants to produce not just electric cars but electric transportation overall.
  • @zimcoder
    It is that type of arrogance displayed here by Jigar Shah that will see the USA fall behind. The casual dismissal of developments happening elsewhere other than the USA.