Japanese media reported on China's new energy sector and mentioned a case: the boss of an emerging American battery factory went to China to "inspect the enemy situation," was shocked by the scale of the factory, which was comparable to a small town, and upon returning, announced the shutdown and refunded the money to investors!
Bedrock Materials was established in 2023, is a startup developing sodium-ion secondary batteries, announced the suspension of development, and will return the $9 million raised to investors. The company's founder had once visited China for research.
He described his feelings as shocking: Chinese battery material factories "were like science fiction." Dozens of production lines were operated remotely.
His view coincides with that of European and American investors. Several European and American venture capitalists also visited Chinese new energy companies this summer, expressing astonishment at the reality gap!
Original: www.toutiao.com/article/1848073510670601/
Statement: This article represents the views of the author.