Part 3/10:
Dependence on U.S. Technology: The High Cost of Innovation
Data reveal a concerning trend in China’s chip imports, which hit $412 billion in 2024, a 10% increase from the previous year, primarily driven by the surge in EVs and smart technologies. This rapid rise underscores a fundamental issue: smart technology in Chinese vehicles comes predominantly from external sources like Qualcomm, Nvidia, and Tesla, rather than local manufacturers.