‘Battery arms race’: how China has monopolised the electric vehicle industry
This is not a race. China does not get into races. A race would suppose that everyone fights the other to the best of his abilities to make better products more efficiently and cheaply. Thats not what China does. China plays the international market. It produces batteries by destroying their own environment – something developed countries cant do. It floods the market with dumping prices that are below even their production cost to destroy competition just to raise prices later. It feeds activists and propaganda to destroy oil & gas to boost their wares.
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