China is opening up a key part of its electric-vehicle industry to global competition. The move could, paradoxically, make it stronger.
Last Friday, Beijing scrapped its list of certified EV battery manufacturers, paving the way for foreign suppliers to start selling in the country again. Getting on the list when it was introduced in 2015 qualified battery makers for government subsidies that account for a significant chunk of the price of an EV. No big foreign players made the grade.
They want Tesla to come over there so she can reverse engineer their batteries! And then China will kick Tesla out of the country...so it can copy Tesla's idea. So sad.
This is make if far easier for them to steal the technology....
They are going to use child slavery to dig the cobalt up for the batteries. I don't know why I'm telling you since Rupert Murdoch owns you, this will please you.
Global giants shouldn’t fall for it China will steal that technology also