Top Venture Capitalists tour China, declare Western energy firms “uninvestable” – they cannot compete
Inside China Business – Kevin Walmsly
Top VC’s from Western firms and investment banks recently toured Chinese companies in the clean energy industry. After just days, they concluded that China’s advances across the sector make competition impossible, and are pulling funds from Western startups. They hope to focus now on partnership opportunities with Chinese firms who already dominate the technology and manufacturing, and enjoy access to China’s deep supply chains and logistics. But that model will also also prove difficult, as China’s entire economic system is designed to destroy rent-seeking profits.
Thanks for this interesting post. China is leading in battery and solar power, while NEW Energies is a huge field and Hydrogen development is at least same advanced e.g. Germany tested with China COSCO vessle to verify its capability. It shows crossboarder R&D and Science cooperations are still very important.… Read more »
Welcome Chris24. We’ve watched Kevin for a long time. As usual, and as for anyone, support for everything he says without looking at it critically is neither productive nor intelligent. Let’s give him his space, as much of what he talks about would be exactly as he observes. (Btw, one… Read more »
Auto-transcript subtitles on youtube is constantly WRONG with specific words- he said Tariffs, NOT terrorists. The word tariffs in particular I have seen incorrectly transcribed as terrorists on almost every single channel that has used the word during the trade war- at this point it may even be deliberate considering… Read more »
within > “Irena Spazzapan… says China’s advances in renewables are all down to its ultimate goal of energy independence. The country “has prioritized energy security above all else.”
This revolution in innovation and new industries development is due to the predictable coming aggression of those still fighting with WW2 mindsets