True face of China -- A Modern Kaleidoscope Message Board

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Strategies & Market Trends : True face of China -- A Modern Kaleidoscope

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To: zzpat who wrote (12269)	10/27/2017 12:44:23 PM
From: RealMuLan	Read Replies (1) of 12464

There is another important reason for the Chinese gov. pushing EVs. That is China can NEVER have ANY advantage in gas burning cars. But for EV, China will catch up those big companies for sure. Even after 30+ years, and after policy pushing, there is still NO ANY key technology transferred to China by the foreign auto companies. Domestic cars still ONLY counts very low market share in China, which has the BIGGEST car market for some years already. Wonder why the foreign car companies trying so hard to stop/postpone the EV mandate in China? Because their major profit is hanging in China. 15 some years ago, I read that GM made >$2500 Net Profit for each car sold in China, but ONLY $200 for each sold in the U.S. It is a myth for so-called Chinese gov. forces foreign companies to transfer their technology to China if they want to set up shops in China. ALL those foreign companies transferred are non-key technology that China does NOT have to have. Sure, they provide some jobs for China. but that is IT!

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