A Toymaker Talks China, U.S. Manufacturing w/ Molson Hart | Bring It Home

[@komisiantikorupsikoruptord6257]

The key to China’s EV growth lies in the industrial policies of both national and local governments. In many cases, local support has been more extensive and critical to the development of Chinese EV producers than national policy. One notable example is Hefei, the capital of Anhui province, which became the site of BYD’s super factory in 2021. The Hefei government made tremendous efforts to support and facilitate BYD’s investment. The negotiation between BYD and the Hefei government took only 23 days, an unprecedented speed for any local Chinese government. When BYD claimed that the factory location was not flat enough for construction, the Hefei government mobilized over 1,000 trucks to move dirt and create a flat surface overnight. One night The BYD factory became the anchor of Hefei’s EV industry, attracting BYD’s suppliers and leading to the emergence of a complete EV supply chain. Following BYD’s success, other car producers followed suit. Currently, there are more than six EV manufacturers and over 500 EV parts suppliers operating in Hefei. As a result, Hefei earned the reputation as China’s “EV capital.”

[@imgr5143]

More like Amerika's dark ages for manufacturing. lol.