EU to demand technology transfers from Chinese companies
New requirements will apply to batteries but could be expanded to other green sectors
cross-posted from: https://lemm.ee/post/47755199
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Brussels is planning to force Chinese companies to transfer intellectual property to European businesses in return for EU subsidies as part of a tougher trade regime for clean technologies.
This read less like forcing and more like an offer to buy it.
This is basically the same what China does to non-Chinese companies in China, although Beijing has a lot more protectionist rules than Europe or almost any other bloc or country.
Nicely worded, but it pretty much is: " You transfer ip and we are nice to you or we tariff you to hell and back."
Not really. The tariffs part is "build this in Europe or pay tariffs". The IP part is "we'll help you pay for new factories in Europe in exchange for access to your IP".
There's nothing stopping Chinese companies from building the factories using only their own money.
Which it turns out they will, much to the acclaim of debt-broke German politicians. ahem CATL Thuringia
debt-broke German politicians
the actual opposite is true...
You know what I mean :) Twas but an attempt at a pun.
