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RE: LeoThread 2025-05-06 09:47

in LeoFinance5 months ago

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.