China is simply a factory nation - and it’s one on the precipice of economic disaster as more companies leave for Vietnam and other locations.
In revenue terms, they may be 2/3. And profit-wise, they might be 90%. It's a gruelling treadmill, but so long as they plow those profits into making better products, Chinese makes will continue playing catch-up.
Re EVs, unless the Chinese makes have the means to ramp up an extensive national charger network from scratch, how will customers charge their vehicles during long road trips? The thing with Tesla's extensive charging network is it transforms Teslas from sporty-looking golf carts into vehicles in which owners can theoretically do the Great American Road Trip. Few will spend tens of thousands on glorified Chinese golf carts.
US companies literally have China their tech and their tooling. Who didn’t see this coming?
More stealing from USA?
China is doing well in some areas but not commercial aviation. The C919 is a near-clone of the Airbus A320 and requires many Western-made parts - including engines - to build. And with all of its problems it can barely be considered operational at this point.
Phones? sure. Apple is going to have a hard time keeping its price points as high as they are going forward.
My guess would be that most of the people who work at china’s best cell phone companies —once worked for apple.
they the walked and took the ip with them.
With the CCP clamping down on Apple’s access to the vast Chinese market (hardly surprisingly given the protectionism of the Biden administration), that will continue for the rest of this year and beyond.
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Overlooked or omitted in such analysis is the “let it rot” movement by young people where all that is cheap is in, like flip phones, leftover restaurant food, wearing PJs as daily garb, etc. The cheaper the better. Expensive phones of any brand are out.
Is this guy for real?
If folks want to purchase a chinese phone with whatever Easter Eggs might be inside, far be it from me to tell them they can’t.