"Still no Bentleys or Ferraris, so not that impressive" I doubt...

"Still no Bentleys or Ferraris, so not that impressive" I doubt the ATO would be impressed if I put them down as my company's cars.

"But their technological headways are mainly due to spying, to stealing western IP.2



Yes, you are 100% correct.

The Chinese however do make good partners as it gives a market into a huge population which is becoming more Westernised.

The Chinese Government has awarded US$ BILLIONS for developing the EV, which includes battery technology.
I do doubt whether the same technology will be used for batteries in 10 years time. The Chinese companies are working on this like the NIO and CATL new partnership to develop new battery technology. E25 technology could be outdated before a factory is even built.

"China is the world’s biggest producer of electric vehicles (EVs) – and it’s growing. In 2022, the country accounted for 59% of global EV sales, according to data from the EV Volumes database, with sales of new EVs increasing by 82% from the previous year to reach more than 6 million^[1]. China also dominates global production of EVs, accounting for almost two-thirds (64%) in 2022."