• 3 minutes "Biden Is Running U.S. Energy Security Into The Ground" by Irina Slav
  • 6 minutes How Far Have We Really Gotten With Alternative Energy
  • 9 minutes "How to Calculate Your Individual ESG Score to ensure that your Digital ID 'benefits' and money are accessible"
  • 1 day GREEN NEW DEAL = BLIZZARD OF LIES
  • 11 days 87,000 new IRS agents, higher taxes, and a massive green energy slush fund... "Here Are The Winners And Losers In The 'Inflation Reduction Act'"-ZeroHedge
  • 6 hours Energy Armageddon
  • 1 day "Natural Gas Price Fundamental Daily Forecast – Grinding Toward Summer Highs Despite Huge Short Interest" by James Hyerczyk & REUTERS on NatGas
  • 9 hours Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 5 days "The Global Digital ID Prison" by James Corbett of CorbettReport.com
  • 4 days "Forget Oil, The Real Crisis Is Diesel Inventories: The US Has Just 25 Days Left" by Zero Hedge - 5 Stars *****
  • 5 days "Europe’s Energy Crisis Has Ended Its Era Of Abundance" by Irina Slav
  • 5 days The Federal Reserve and Money...Aspects which are not widely known
  • 2 days Is Europe heading for winter of discontent with extensive gas shortages?
  • 6 days Goldman Betting on Cryptocurrencies
  • 9 days Сryptocurrency predictions
  • 14 days Putin and Xi Bet on the Global South
ZeroHedge

ZeroHedge

The leading economics blog online covering financial issues, geopolitics and trading.

More Info

Premium Content

China Is Racing To Control The Global EV Supply Chain

  • China and the United States are racing for control over the global electric and autonomous vehicle supply chains.
  • The countries that take the lead in this race may very well determine the future control of global supply chains in an unprecedented way. 
  • “The countries that really take the lead in developing cutting edge innovative technologies in the auto sector are going to control the supply chains.”

Competition between the United States and China in the realms of electric and autonomous vehicles could determine the future control of global supply chains in an unprecedented way, according to a lawmaker and several experts. “Our competitors, particularly in China, are not holding back,” said Sen. Gary Peters (D-Mich.) during an April 27 event hosted by the Center for Strategic and International Studies, a security-focused think tank.

“We cannot fall behind on the global stage.”

Peters said that the future of the automotive industry was in electric vehicles (EVs) and autonomous vehicles (AVs), and that the nation to best develop those industries would win a great advantage in the global marketplace.

To that end, former Director of National Intelligence Adm. Dennis Blair noted that both EVs and AVs were singled out in Beijing’s “Made in China 2025” industrial plan as part of its top 10 high-tech areas to seize leadership in. This, he said, demonstrated a clear effort to displace the United States as the lead controller of global supply chains and the international industrial ecosystem.

“If the United States loses full spectrum industrial capacity in the automotive industry, and this means designing the cars, testing them, building them, fixing them, the whole ecosystem, then we are hollowing out the industrial sector that we counted on to become the arsenal of democracy in the second world war,” Blair said.

The big picture is China’s all-of-government push and the importance of the automotive sector to American industrial capability.

Blair added that the ongoing technological decoupling of China from the rest of the world in terms of its data and systems standards would prove a vital component of how Sino-American competition in the sector unfolded.

“This sort of decoupling of the Chinese economy from the rest of the world is something you need to watch in this space,” Blair said.

It may be that separate AI [artificial intelligence] industries and AV technologies grow up in China and the rest of the world.”

Related: Bearish Momentum Grows, But Traders Remain Bullish On Crude

John Bozzella, President of the Alliance for Automotive Innovation, agreed that China could effectively seize control of vital supply chains by seizing industrial prominence in EV and AV technologies, thus pushing the United States out of access to vital technologies.

The countries that really take the lead in developing cutting edge innovative technologies in the auto sector are going to control the supply chains, set the standards, set the running rules, and really own global markets,” Bozzella said.

“With regard to EVs, you see the U.S. industry already behind China because we’re competing with a national effort,” Bozzella added.

With that in mind, Bozzella suggested that the United States would need to better unite the powers of its private industry with a national strategy, and work to develop the utilities and infrastructure needed to transition its industrial base to produce EV and AV technologies.

“The China story does suggest that this private sector leadership ought to be supported by a national strategy,” Bozzella said.

“We are competing with the Chinese government, not the Chinese auto manufacturers.”

By Zerohedge.com

More Top Reads From Oilprice.com:


Download The Free Oilprice App Today

Back to homepage





Leave a comment
  • Lee James on May 01 2022 said:
    I'm not sure if there is a clear winner, government versus businesses entities as the platform for developing major technological products. In recent times, we have seen how business entities, such as Tesla, Blue Origin and Space X have seemingly run rings around government initiatives.

    One thing for sure is that China, Inc and U.S., Inc will engender major rivalry that says, you are either for us or against us. Businesses may cross international boundaries; not so with intergovernmental competition. Suddenly, a tool is potentially a weapon.

    Weaponized technology is leveraged all the more when a country can also monopolize strategic minerals and resources. Rare earths and lithium are currently highlighted in this regard.

    Remember the old adage, for the benefit of mankind? It is something to think about as ultra-nationalism surges ahead on this fragile planet.

    Today, we tend to think technology and resource wealth is the end-all and be-all. I might suggest taking a harder look at international relations. Heck, we are not even doing well in our own backyard on INTRAnational relations. People relations rank right up there with technology and natural resources.

    We have got a ways to go. I ask, what countries do we look up to for wise, sustainable use of natural resources, and development of wide-spread and beneficial technology for all of mankind? Anyone close to that?

    Good to see forums like Oilprice in regard to the big picture of business. But among tech and mineral types, the people part of business may especially throw us a loop. It is kind of interesting to see people approach issues so-called objectively.

Leave a comment




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News