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2026.2.21 Bloomberg reported that Ford CEO Jim Farley discussed a framework with the White House that would let Chinese EV maker BYD build cars in America through joint ventures with U.S. majority control. It’s pitched as pragmatic competition, but the CCP isn’t a normal market actor. It’s a strategic...

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China spent 25 years failing to build a globally competitive domestic car industry through hundreds of billions of dollars of subsidies and forced partnerships. Then they tried something radical. In 2018, they invited Tesla to build a wholly-owned factory in Shanghai. No joint venture required. Chinese officials called it the "catfish effect" - Tesla would force domestic companies to compete or die. The impact was brutal. When Tesla's Model 3 launched in 2020, it quickly became China's best-selling EV. BYD's total vehicle sales actually fell 7.7% that year to just 427,000 units. By competing with the world's best, BYD was forced to address what they were missing: Chinese EVs had great battery tech and software, but the cars weren't appealing. So BYD learned design. Sales exploded. Today BYD sells over 4 million vehicles annually - 10x their 2020 numbers, and more than Tesla globally. America should do the same thing. In the long run, the only way to win high-tech manufacturing is to actually compete against the very best in the world. We should encourage BYD and other leading Chinese companies to build factories in America in exchange for the access to the U.S market. This would allow us to build up process knowledge and the the relevant supply chains domestically, and force American companies to catch up. The alternative is to fall further and further behind. I talked to Arthur Kroeber Arthur Kroeber, one of the sharpest observers of China’s economy, about this and much more. Full episode out tomorrow.

Dwarkesh Patel

424,236 Aufrufe • vor 1 Jahr

Why is Canada on the verge of being annex? Canada has allowed itself to become a national security threat to America, or rather is "harboring" that national security threat. Last June, CCP operatives attempted to smuggle a pathogen into America that could have potentially wiped out 80% of US agricultural land. Not to mention the CCP biolabs they've found through America housing Ebola, Covid and other deadly pathogens. Only a fool would think these same labs aren't throughout rural Canada all along the border. The next time they try, they'll be coming through Canada's wide open Western border. Canada's CSIS (Canadian Security Intelligence Service) had warned about the CCP corrupting Canadian politicians and this fell on deaf ears. MP Micheal Ma, who was born in China crossed the isle to become a Liberal, helping Carney secure his majority government, a government no doubt sympathetic to China, and imposing policies that would benefit China including turning a blind eye to American security concerns, for example allowing CCP EV maker BYD to import Chinese EVs into the Canadian market place. Many think Trump is after Canada's resources, and that may be part of it for US national security reasons, but to think in light of Trump purging the CCP from Panama, Venezuela and Cuba only to allow them to remain on America's northern border, especially with the incoming "Golden Dome" missile defense system, is completely naive. I really wish Canadians would wake up and realize Trump is making moves to PROTECT the western hemisphere and that involves annexing Canada and Greenland in the not to distant future.

Maverich

34,024 Aufrufe • vor 2 Monaten