No, Elon Musk is not our Henry Ford - by Ed Conway
To get a sense of this, you need only look at charts of Chinese car exports, like the one above. It speaks for itself really. China has gone from being a relative nonentity in car manufacture to, well, the single biggest exporter in the world. And given the car is the iconic bit of machinery, the bedrock for the manufacturing sectors in Europe and the US, this is, well, a massive, massive deal.
How did this happen? A big part of the reason comes back to something I wrote about in Material World: China has become dominant not just in the production of EVs but - even more importantly - in the batteries that go into them. And the chemicals that go into those batteries. And the sourcing of the raw materials which are turned into those chemicals. We’re talking here about dominance all the way down the supply chain.
https://edconway.substack.com/p/no-elon-musk-is-not-our-henry-ford
