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US warns China overproducing EVs, batteries, semiconductors for global dominance

(www.reuters.com)
6 points ilamont | 2 comments | 22 Oct 24 00:08 UTC | HN request time: 0.468s | source
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toomuchtodo ◴[22 Oct 24 00:15 UTC] No.41909909[source]▶
“Stop winning please.”

China has always been factory to the world recently. Western countries are simply upset they have to compete with a new competitor willing to support, through policy, manufacturing systems at scale for products the world not just wants, but desperately needs.

US enterprises are happy to profit from international business when it’s easy. But having to compete against someone that forces them to rapidly innovate and scale? Too hard.

replies(1): >>41910005 #
1. downrightmike ◴[22 Oct 24 00:32 UTC] No.41910005[source]▶
Paperclip maximizer
replies(1): >>41910081 #
2. toomuchtodo ◴[22 Oct 24 00:42 UTC] No.41910081[source]▶
Yes, the world sells 90M light vehicles per year and needs as many batteries as possible to decarbonize electricity and vehicles. Make the EV and battery printer go brrr, climate change and all that jazz. Not opinionated on the semiconductors.