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Ford CEO Jim Farley says western car companies who can't match Chinese technological innovation and standards face an "existential threat".

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  • Chinese companies often get accused of copying Western technology, so it's unusual to hear the CEO of such a major Western company bucking that assumption by calling on Western companies to copy China.

    What Jim Farley is saying about cars is equally true about 21st century energy infrastructure. There is no doubt that China is the global leader in innovation there too.

    Meanwhile in many Western countries, debate still centers around persuading some people that the energy transition to renewables is real and the age of fossil fuels can't end quickly enough. Hostility to renewables, EVs and the energy transition gives China the edge.

    Next up we can expect China to race ahead in robotics.