Chinese EV startup XPeng and Volkswagen are looking to jointly build a super-fast charging network in China, the companies said on Sunday.
Because VW has done such a bang-up job with Electrify America, maybe?
“They” always say that you learn more from your mistakes than successes.
I guess we’ll see if “they” are right.
Mike
In China you HAVE to get it right or there are severe consequences. Often personal consequences.
Excerpt -
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Chinese venture capitalists are hounding failed founders, pursuing personal assets and adding them to a national debtor blacklist when they fail to pay up, in moves that are throwing the country’s start-up funding ecosystem into crisis.in its recent report on redemption rights, said they had turned entrepreneurship into a “game of unlimited liability"
Once blacklisted, it is nearly impossible for individuals to start another business. They are also blocked from a range of economic activities, such as taking planes or high-speed trains, staying in hotels or leaving China. The country lacks a personal bankruptcy law, making it extremely difficult for most to escape the debts.
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