I can’t help but think this IP theft scare, while completely real, has a version in the Western US-led economics called ”big business” or ”VC money” or ”platform control”.
How many independent innovations get snatched (sherlocked?) by big business taking the idea and making their own version, when they see a small player that found a customer segment a large company never bothered investigating?
When large sums of money is what’s needed to execute any novel idea to full completion before your competitors can, that money becomes just a version of ”IP theft” or unfair competition. I think what they are getting is a taste of their own medicine.
EVs were a mature idea a decade+ ago, but big money oil companies hamstrung it and big money ICE manufacturers argued it was not worth their time or effort. The Chinese market and leaders knew the fundamentals were valid and cornered the entire manufacturing market before it could be cornered by western companies.
How many independent innovations get snatched (sherlocked?) by big business taking the idea and making their own version, when they see a small player that found a customer segment a large company never bothered investigating?
When large sums of money is what’s needed to execute any novel idea to full completion before your competitors can, that money becomes just a version of ”IP theft” or unfair competition. I think what they are getting is a taste of their own medicine.
EVs were a mature idea a decade+ ago, but big money oil companies hamstrung it and big money ICE manufacturers argued it was not worth their time or effort. The Chinese market and leaders knew the fundamentals were valid and cornered the entire manufacturing market before it could be cornered by western companies.