It seems that Mr. Saleen has suffered the same fate that my electric car company suffered in 2010. After promising us a partnership, his only intention was to obtain the technology and the secrets, at that time one of the few complete EV powertrains on the market. As soon as the contracts were signed and the technology was evaluated, two separate companies were set up based on the same technology.I have to say that the valuation of these companies now exceeds 8 billion dollars, while my project died because it did not receive the agreed investment.
I will not tire of repeating this for the rest of my life. We foreigners are the enemy of the Chinese. We will never, ever, ever be seen as equal partners. They will never respect Western standards. They will never have elegance or deference in the treatment of business. We have no guanxi, we are not to be trusted and they will always seek their advantage over us. I'm not saying it's bad, I'm just saying we should understand this to deal with them. Hopefully Trump is highlighting the problem and I hope that the European Union will do the same very soon.
A final example is how they have multiplied the price of masks during the COVID-19 period and have speculated, set up fraudulent companies and taken advantage of the misfortune they themselves have generated. Solidarity is not in their vocabulary, least of all with a foreigner. Now all of you Chinese from HN can downvote me.
I will not tire of repeating this for the rest of my life. We foreigners are the enemy of the Chinese. We will never, ever, ever be seen as equal partners. They will never respect Western standards. They will never have elegance or deference in the treatment of business. We have no guanxi, we are not to be trusted and they will always seek their advantage over us. I'm not saying it's bad, I'm just saying we should understand this to deal with them. Hopefully Trump is highlighting the problem and I hope that the European Union will do the same very soon.
A final example is how they have multiplied the price of masks during the COVID-19 period and have speculated, set up fraudulent companies and taken advantage of the misfortune they themselves have generated. Solidarity is not in their vocabulary, least of all with a foreigner. Now all of you Chinese from HN can downvote me.