The Wall Street Journal reported this evening (June 21st evening): "Farasis Energy has suspended work on its multi-billion-dollar investment in an electric vehicle battery plant in the United States." The predicament faced by the company highlights the weak demand for electric vehicles and the ripple effects of Trump's trade war throughout the automotive industry."
[Smart Comment]: Is investment across the Pacific becoming impossible? The business environment in the U.S. is becoming increasingly unfriendly to Chinese companies. On one hand, there are frequent complaints within the U.S. about the decline of its manufacturing capabilities; on the other hand, it is rejecting investments from Chinese enterprises. In today's globalized era, which country can match China in terms of large-scale investment and manufacturing capabilities? If the U.S. continues with this conservative and stubborn attitude, Chinese enterprises may need to temporarily shift their investment focus away from the U.S., seeking more promising and friendly market environments in the short to medium term.
Original article: https://www.toutiao.com/article/1835541996673095/
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