this post was submitted on 25 Sep 2025
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cross-posted from: https://lemmy.zip/post/49515296

https://archive.is/nElxG

They knew China had raced ahead in sectors like batteries and “everything around energy,” but seeing how big the gap was firsthand left them wondering how European and North American competitors can even survive, Talia Rafaeli, a former investment banker at both Goldman Sachs Group Inc. and Barclays Plc who’s now a partner at Kompas VC.

Planet A Ventures, a Berlin-based VC, has decided that investments in Western startups spanning battery manufacturing and recycling, electrolysers, solar and hardware for wind are no longer viable, says Nick de la Forge, general partner and co-founder of the firm. He says before the trip he’d suspected China was way ahead; but after going there, those sectors are now “strictly off the list.”

Yair Reem, a partner at Extantia Capital, says the trip has already led his firm to halt investments in Western battery cell manufacturers. Instead, they’ll look for ways to collaborate with Chinese firms across supply chains. When it comes to battery manufacturing in the West, China’s dominance means it’s now “game over,” according to Reem.

Ashwin Shashindranath, a former Macquarie Group managing director who’s now a partner at Energy Impact Partners, says what he saw on the trip made it “very clear” that Western investors live “in a bubble” in their misconceptions about China.

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[–] randomname@scribe.disroot.org 8 points 1 week ago (1 children)

A story of a handful of VC folks going on a "China Road Trip" and then tell the story of European doomsday, while not even going into any detail of what technology they have seen and why it's "game over."

What kind of weird propaganda piece is this?

[–] HK65@sopuli.xyz 6 points 1 week ago* (last edited 1 week ago)

Average Bloomberg/Big Finance Corp reporting to be honest.

It's more about running narratives to influence markets rather than informing readers.

[–] rimu@crust.piefed.social 2 points 1 week ago

Nearly 15 years ago from on top of a hill I looked out over a minor city in southern China and noticed how every single roof had solar hot water or solar panels. And that was just the beginning.