Re:How Chinese Officials Hijacked My Company
by yorwba on Saturday August 08, 2020 @04:51PM
(#24095098)
Wholly Foreign-Owned Enterprises (WFOEs) are not an uncommon way for foreign companies to operate in China, and Tesla is definitely not an exception. According to data from the Chinese ministry of commerce, WFOEs accounted for about 74% of all import/export by companies with foreign investment in the first half of 2020 http://project.mofcom.gov.cn/1800000121_33_13497_0_7.html
Re:How Chinese Officials Hijacked My Company
by coupdejarnac on Saturday August 08, 2020 @07:05PM
(#24095940)
If that's true, I find that extremely surprising.
Re:How Chinese Officials Hijacked My Company
by ReallyFantastic on Monday August 10, 2020 @06:04PM
(#24114565)
China ended its JV rule for the auto industry in April 2018: https://www.nytimes.com/2018/04/17/business/china-auto-elect...
Tesla was the first auto company to take advantage of this exception, some have argued that this exception was specifically carved out to incentivize them to build the Shanghai Gigafactory
Re:How Chinese Officials Hijacked My Company
by generatorguy on Saturday August 08, 2020 @03:46PM
(#24094588)
Tesla is probably ok since the car is a platform auto updated over the air if China steals the design and can build the exact physical machine and even a version of the firmware it will soon be an inferior version of the product without updates. Kind of like how android phones that don’t get updated are inferior to those that do.
Was Tesla an exception? Are there others?
Regardless, I'm absolutely certain that China is exfiltrating every morsel of IP. As state policy. It's what they do.
The only interesting wrinkle to me is that Elon Musk is probably okay with the knowledge transfer. A man on a mission. Whatever it takes to get humanity carbon neutral asap.
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I'm fine with developing economies doing their thing. The notion was to nurture the BRICS countries, allow them to mature, not crush them in their cribs.
No one can argue today that China remains a developing economy. We're past time for realpolitik.