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Former GM Executive: BYD cars are good in terms of design, features, price, quality. If we let BYD into the U.S. market, it could end up destroying american manufacturers (www.nytimes.com)
submitted 1 year ago by to c/technology@lemmy.world
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[–] -2 points 1 year ago (1 child)

requires foreign investors to partner with Chinese nationals in order to own and operate capital

this also means that chinese companies are notorious for stealing IP. it’s easy to be cheap when you don’t do the R&D - you just fast track to producing the product

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  • [–] 8 points 1 year ago

    chinese companies are notorious for stealing IP

    American companies sell the ip to China in exchange for access to capital and labor, then claim they've been robbed when the Chinese firms innovate and expand on the patents they've acquired.

    The end result is a car company that produces better vehicles than anything an American or Japanese or German company can manage.

    Curiously, these superior vehicles are "stolen" while the Teslas keep exploding under home grown technology.

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