I started to subscribe to Benedict Evan’s newsletter a couple of months ago, and it never fails to identify an interesting article or two. The most recent issue highlighted this article from Bloomsburg Business News, and reading it prompted two quick thoughts:
- The Chinese are so concerned about global warming and the damage it’s doing that they are taking some pretty drastic steps, including banning all fossil fuel-powered cars by what looks like 2040 (they haven’t said exactly when yet).
- While the American tech market is driven by big personalities and the alpha male culture that we seem to believe drives business success, this company – BYD – dwarfs the production of other electronic vehicle producers.
- They have done this by concentrating less on the whims of a charismatic owner (*cough*, some guy whose first name rhymes with “belon” and whose last name is most often associated with deer, *cough*) and more on what needs to be done.
- They have also made huge government investments in these countries. I’m not going to pretend to understand the way that investment works in a mixed economy like China, but after the uproar about “bailing out” American car companies and I can’t imagine that Americans will suddenly think that having governments invest in private companies is a good idea.
- Doing R and D through universities is something else, but even that is a tough sell for a lot of folks…
Maybe we will figure it out anyway?