It was not that long ago that China helped save Tesla from near-certain ruination by enabling a rapid scaling up of the Model 3 and Model Y production lines at Giga Shanghai. Now, however, China is utilizing the technology transferred from Tesla and other Western companies to turn the proverbial tables, prompting the US Treasury Secretary, Janet Yellen, to issue a clarion call of sorts on the Asian giant’s excess manufacturing capacity vis-a-vis “electric vehicles, lithium-ion batteries, and solar.” Janet Yellen on China’s Excess Manufacturing Capacity The US Treasury Secretary, Janet Yellen, was in China for the past few days […]
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