On the subject of eureka moments, I would say that I experienced one of my own when I went on a flying visit to automotive component and EV R&D and manufacturing facilities in Ningbo, Nanjing, Huia’an, and Huzhou in April last year.
My experiences on the trip taught me three important lessons. First, it showed me the seriousness with which China is working to build a world-class EV (Electric Vehicle) ecosystem spanning research and development, component manufacturing, vehicle assembly, and on-the-road deployment. This ecosystem covers smaller hinterland cities as well as the major metros and will be a major force for future economic growth as the EV market expands. China is already the largest manufacturer of EV cars and buses in the world, and its domestic market is dwarfs that of other countries such as the US. It’s inevitable that intense competition between its manufacturers will drive innovation and growth at a much greater speed and scale than in other markets. Continue reading Three lessons from a tour of the China EV ecosystem
Earlier this week it was announced that China now has over 800 million Internet users – more than the population of every other county on the planet except for India. That represents a penetration rate of 57.7% according to the China Internet Network Information Center. Over 98% of the users go online with a smart phone; 566 million use mobile payments.
Continue reading China retail: a crucible of competitive innovation
Even after so many years of coming China, I still get a spring in my step whenever I arrive here. The economic growth that has lifted hundreds of millions of people out of poverty over the last forty years is the greatest achievement in all human history.
Continue reading A spring in my step
The little corner of Beijing that our office is located in never fails to serve up something new and interesting to look at whenever I visit it. On this trip, however, it has really surpassed itself with the new IM Way that is opening up just a few hundred meters away from us. Continue reading Beijing IM Way hardware startup innovation street