USA Paying China Billions for This Secret Technology

For years Western media has told us that China is a copycat Nation we’ve been trained to believe the Chinese don’t know how to innovate and can only compete by stealing IP from Western companies but something remarkable has happened in recent months that proves this Theory false Chinese companies are quickly becoming the most Innovative in the world and Western companies are now investing in China to gain access to Superior technology the best example of this can be found in the EV industry 20 years ago China knew it could never compete with Western automakers by building traditional gas engines but EVS were brand new no country had a dominant position so China went all in and today controls the entire future of the industry don’t believe me let’s examine two recent transactions that sent shock waves through the Auto industry the first is the world’s biggest automaker Volkswagen who recently invested $700 million for a 5% stake in the Chinese EV maker xoang with this investment VW will will gain access to xao pang’s cuttingedge assisted driving technology and xoang will help the German car maker to develop two new EVS in China which will be branded as vws the second transaction is the autoc conglomerate stellantis the maker of 14 Western car brands including Chrysler Dodge Jeep and Maserati who paid an even bigger sum of $16 billion for a 21% stake in Chinese EV startup J Jang leap motor along with two seats on their board the deal gives tantis access to LEAP Motors advanced technology including its own semi-autonomous driving system and a full Suite of In-House R&D and Manufacturing capabilities now if you’re still skeptical about these transactions or think China’s EV industry is simply overhyped just listen to what the industry’s top executives are saying Bill Russo the CEO of advisory firm automobility and a former senior executive at dler Chrysler bluntly stated that these transactions are a sign of how far behind Global automakers have fallen in the EV race stellantis CEO Carlos tares said of their deal with leap motor the Chinese offensive is visible everywhere with this deal we can benefit from it rather than being the victims of it this candid assessment was echoed by Ford CEO Jim Farley who earlier this year said we see the Chinese as the main competitor not GM or Toyota the Chinese are going to be the PowerHouse even industry veteran Andy Palmer sometimes described as the Godfather of the electric car recently said I’ve been warning about China for 15 years I warned the Japanese UK and US governments that there was a real risk.

That China might get this right and ultimately that has proven to be the case China has an international strategy that seeks dominance in overseas markets with a product affordable EVS that Western manufacturers aren’t able to make everyone today’s video is brought to you by Mumu a stock trading platform.I use to buy and sell stocks in global markets around the world Mumu is offering each of you some incredible bonuses and special offers when you open a new trading account so make sure you stay tuned to the end of today’s video to hear more about today’s special offer but first let’s analyze the broader trend of how China has dominated the global EV industry in just a few years across the world Chinese EV Brands now represent around half of all EV sold on top of that Global EV sales continue to Surge year after year with over 50% of these Global sales coming from within China but Chinese EV makers are now aggressively expanding overseas and set to challenge the West’s biggest automakers on their own turf this International offensive is being spearheaded by China’s biggest most successful EV company byd byd’s recent figures will absolutely shock you in 2022 byd sold 1.8 86 million Vehicles more than the previous four years combined on August 8th 2023 byd sold its fth million car but just 108 days later on November 24th 2023 byd hit another Milestone with the sale of its 6 millionth car this means in just a few months byd was selling an average of 9,259 cars every single day these numbers are simply incomprehensible to anyone in the west but this is China speed and Chinese Innovation byd now accounts for 40% of domestic EV sales in China and internationally byd has now dethrown Tesla achieving a 21% share of the global EB Market compared to Tesla’s 15% one of the main reasons byd is breaking such records as a strong Workforce of over 600,000 employees including a team of 90,000 Engineers which is five times greater than Tesla the rise of byd is incredible but what’s even more fast fascinating is looking at how Eevee King Elon Musk has been forced to change his opinion on byd over the years in a 2011 Bloomberg interview Elon.

Mocked the car maker and laughed at the notion that byd could be a competitor for Tesla he said have you seen their car I think their focus should be on making sure they don’t die in China now he’s not laughing anymore and recently admitted that was many years ago their cars are highly competitive these days let’s also listen to the late Charlie Munger Warren Buffett’s right-hand man who who sadly passed away just last month he led the decision for Buffett’s holding company birkshire Hathaway to invest in byd earlier this year he said I have never helped do anything at birkshire that was as good as byd byd is so much ahead of Tesla in China it’s almost ridiculous and once again here’s Ford CEO Jim Farley there is one huge company that is so impressive byd they’re in a totally different world than Tesla they’re totally vertically integrated completely all the way to the the batteries no one else is doing that on the globe now if you’re still skeptical about China’s dominance don’t forget that China controls the supply chains and critical minerals needed to produce lithium batteries this is in fact China’s main competitive Advantage the entire EV supply chain is located domestically within the country UBS recently tore down a byd vehicle and found that 75% of the components were manufactured inhouse which is double the global average and it’s these robust local Supply chains that makes China the cheapest place in the world to manufacture an EV vehicle but Chinese EV dominance is quickly carrying over to the rest of the global car industry here is a fascinating article from wired titled how China’s EV boom caught Western car companies asleep at the wheel the sub headline is a perfect summary of the shift we are seeing in the industry Auto execs in the US Europe and Japan never thought Chinese EVS were a threat now they’re coming to wipe the floor with their Western counterparts from January to August of this year China dethrown Japan to become the world’s biggest automobile exporter hitting 3.22 million cumulative vehicle.

Exports in fact since 2020 China’s Total Auto exports have steadily increased by a staggering 75% what’s more UBS analysts recently projected Chinese car makers will almost double their share of the auto market to 33% by the end of the decade meanwhile Western car makers will lose a fifth of the global market share to Chinese Rivals but here is what’s truly astounding these predictions assume that Chinese car makers won’t be operating or have any success in the US Japan South Korea or India the reason is that the US will likely block China under the guise of National Security just like it’s already done with Huawei and with its current attack against Tik Tock China is in a similar position to that of Japan in the 1970s 50 years ago Japanese automakers Toyota and Honda swooped into the American Market with affordable and fuele efficient vehicles and knocked us car makers on their heels and history may be repeating itself during the 1970s and 80s Japan was seen as the greatest threat to the future of America and there was a plethora of anti-japanese sentiment in America very similar to the anti-china sentiment that we are seeing inside the country today but despite the anti-china sentiment in America us consumers long for affordable products and there is a chance Chinese EVS could be entering the US market through the southern border last month Bloomberg reported that Chinese Eevee makers have cracked the North American Market by going to Mexico and once again the stats are truly remarkable Chinese cars accounted for almost 20% of all car sales in Mexico through October and they’re selling faster than those manufactured in any other country including Mexico Chinese Car Sales Rose 51% in the first 10 months of this year every other foreign country is selling less than half of that to Mexican consumers but we can’t make make a video about EVs and not address the company who many consider to be the king of the industry and that of course is Tesla while Tesla is certainly an amazing company and a dominant player in the EV space many people don’t realize the development of China’s EV industry has been deeply intertwined with Tesla’s rise and here is where China’s genius strategy comes out in full force when China’s government decided to become the world leader in EVS it grew the industry by handing out subsidies to companies in the EV space but China’s government was extremely smart they decided to not limit these subsidies to domestic companies instead they also extended the same benefits to foreign companies willing to come and manufacture in China.

Elon Musk jumped on the opportunity and with local government support Tesla was able to build its Flagship Shanghai gigafactory in less than 12 months last year the gigafactory produced 7,000 cars accounting for 52% of Tesla’s worldwide output so while American brand Tesla continues to be an industry leader one should never forget none of its accomplishments would have been possible without its close relationship with China and since Tesla’s main operations are in China local Chinese EV makers have become better and more Innovative because of it everyone we’re currently experiencing a massive economic and geopolitical shift of power in our world and China’s complete dominance of the EV industry exemplifies this change Western companies once again are paying premiums to Chinese firms to gain access to their Superior technology until recently this notion would have been utterly inconceivable but it is in fact the reality of the situation some Western countries remain skeptical of China and are erecting barriers to stop Chinese EV expansion abroad but the future of the Eevee industry remains tightly secured in China’s hand Andy cier a famous economist from Shanghai who served as the former Chief Economist for Morgan Stanley says it best China’s lead in EVS is unable to be attacked questioned or defeated with cheaper Supply chains better Tech and cheaper costs the global North simply can’t compete with China everyone the future of electric vehicles remains bright and you might be wondering how you can participate in the exponential growth of this industry just look at this chart highlighting the future growth of the EV industry and you can see we are still in the beginning stages if you’re interested in investing in some of these companies today’s video sponsor Mumu is going to help you Mumu is the stock trading app that I personally use to buy and sell stocks and what I love about this trading platform is that it allows you to invest in US Hong Kong and Chinese asare markets All in One account which basically covers almost all the electric cars and relevant companies in the world but here is the number one feature I love about Mumu their unique trading software allows you to explore popular Industries and see the related companies in that field.

That you can invest in let me show you how it works I simply log into my account and hit the explore button on the top of of the page next I’m going to select industrial chain a variety of different Industries pop up and electric vehicles is number two on that list the market cap of the EV industry is $4. 5 to trillion and there are 475 stocks related to this field now I can scroll through and see all the companies related to EVS let’s say I want to invest in lithium companies I simply click on that and here are all the relevant companies I can even click on the arrow in the right corner and filter the companies based on region for example I’ll select China and here are the four Chinese lithium companies listed on the China Market I’ve personally tried many stock trading platforms but Mumu is the only one I’ve seen that has this unique feature of being able to easily search and research all the companies related to a specific industry if you are interested in trying out Mumu for yourself I’ve got some amazing special offers for you today for us users Mumu is going to gift you a welcome bonus of 15 free stocks and a 5. 1% cash rate which is a very high and stable rate of return in the market these offers are exclusive for you as my follower and you must click the link in the description below to receive the bonus Mumu also offers special bonuses for Australian Canadian and other users in different countries Australian users can get up to $3,300 in interest and get one free AMC share upon new registration while Canadian users can get up to $1,520 cash reward click the referral link down in the description below to see more details about mumu’s welcome bonus and make sure that you check out