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this post was submitted on 15 Jul 2024
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Not when it isn't a rich US/EU guy owning the business.
It's more about China heavily subsidizing its tech industry, mainly to disrupt western innovations. Same thing is happening with Electrical Vehicles. Typical capitalist bait and switch.
That's true, but it's also true that China has prioritised to make automated factories and investing heavily in just plain better battery tech.
I know alot of the money came from the CCP, but when the investments are done, this new tech will outperform other companies on just being better (thinking of EV specifically).
I think I'm just saying that a state investing in tech and technologies is not a bad idea always.