Chinese Technology
I read an article in one of my Cellulose devices about how we allowed China to become dominate in two industries we need today. Both of those industries have to do with reducing our carbon footprint. We need lithium batteries and solar cells which is a field China and its companies have economic control.
News junkies and greenies remember Solyndra got over a half billion from former President Barack Obama’s administration to produce solar cells but went bankrupt. Why couldn’t they be profitable? Maybe because China sold heavily subsidized panels to America and other countries at a far cheaper price than the higher technology panels Solyndra was making under their patent. When they went into bankruptcy the Chinese scooped up the patent so now we are buying panels from China using the patent.
A Texas Company came up with an idea on how to make high tech batteries for the upcoming demand from electric vehicles. AI23 got massive subsidies from American government to produce Lithium compound batteries in the 1990s but the EVs hadn’t yet started to be big sellers. They went down too. Today a Chinese lithium compound battery manufacturer is building a huge plant in Michigan to supply advanced batteries for 400,000 EVs each year. The technology was AI23s!
This isn’t simple industrial espionage; it is a simple case of our selling or giving away advanced technologies of the future. What else have we let China have?