If you can not beat them, play with them

1 pointsposted 2 days ago
by erie

1 Comments

erie

2 days ago

'To Catch Up in EVs, Detroit Needs to Invite China In There’s lots Ford and GM could learn from the likes of BYD about building affordable electric cars.For a century, America’s car plants, dealer lots and highways have been the world’s preeminent automotive battlefield. No longer. China has grown to be simultaneously the biggest vehicle market, the biggest vehicle exporter and, with an eye to the future, the global center for electric vehicles. If the US auto industry, wedded as it is to gas-guzzling trucks and SUVs, is to remain relevant, it should ditch the siege mentality and consider inviting its chief adversary inside.'

‘Your strategy shouldn’t be walling yourself off from superior technology in the hope you'll catch up - protected by your insulation – it never works. China's Qing dynasty tried it with the results we all know about: they lost out even faster.’