They make three times as many cars as we do. Three times. In 2025 they exported 6.8 million vehicles, up from just 1 million in 2020. That is a seven fold increase in five years. Since 2009, their [China's] government has directly invested more than $230 billion into electric vehicles and batteries. They've captured so much market share almost everywhere except for the United States and Canada. Amidst rising competition, it's tempting to see the future as zero sum. (10:48–10:58)
CLAIM
Asserts that China has invested over $230 billion in EVs and batteries since 2009.
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