The economic battle between China and the United States will define this century. The United States has unleashed torrents of technology sanctions on China and its companies (like Huawei) while China continues to ban and restrict certain US companies like Facebook, Instagram and Twitter. Yet, if you look deeper, you will get one conclusion: these two nations are entwined because across the oceans, their companies want to do business.
Tesla dropped a new validation: “Tesla is opening a mega energy factory in Shanghai, China, which will boost energy for EVs in the world’s largest auto market. The company said in a tweet on Sunday that the factory is capable of producing ten thousand Megapack energy products per year, supplementing output from the Megapack factory in California.”
In the last 10 centuries, China has ruled the world economically in at least 6 of those centuries. But in those 6 centuries, nothing could be compared to the one the US led in the 20th century. So, there is a new match and a new date is fixed. But we hope this competition is done with civility, respect and win-win because the spectators (Europe, Africa, LatA, etc) need to “survive” the battle royale.
Tekedia Mini-MBA edition 16 (Feb 10 – May 3, 2025) opens registrations; register today for early bird discounts.
Tekedia AI in Business Masterclass opens registrations here.
Join Tekedia Capital Syndicate and invest in Africa’s finest startups here.
Victory has relations, vanquish is an orphan, an African proverb says. China is rising and Tesla sees a part of its future there, and is going for it because “uwa bu ahia” (the world is a market), the Igbo Nation says.
Tesla Announces Plan to Build Megapack Energy Factory in Shanghai China
---
Register for Tekedia Mini-MBA (Feb 10 - May 3, 2025), and join Prof Ndubuisi Ekekwe and our global faculty; click here.