China Is Quietly Reinventing The Truck Industry — Are The U.S. And Europe Missing The Boat?

📆 4/30/2024 2:03 PM
📰 ForbesTech

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Biden,U.S.,Electric Vehicles

I am responsible for strategic investments in mobility start-ups and scale-ups at EIT InnoEnergy, a large European investor in sustainable energy innovations. I have worked in the automotive industry for over 20 years. Born and raised in Michigan, I started my career in 2000 at Ford in Detroit where I spent over 10 years.

“China's policies could flood our market with its vehicles, posing risks to our national security,” President Biden said in a statement, adding that this would not happenMichigan, US, on Wednesday, Sept. 14, 2022. Biden toured the show on its preview day, and in remarks later plans to highlight electric-vehicle offerings that he's hailed as a breakthrough for the US auto sector.

Looking beyond the technology dimension, it is perhaps even more important to understand ‘who will win’ from this advancement. Simply put: everyone! With these substantial benefits in mind, it is no surprise that in China, the number of battery swap stations went from 555 in 2020 to 3,567 by the end of 2023. And the projections fromEIT InnoEnergy

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