Ian Curtis, the designer behind the scenario 'Powering Up,' has a wealth of experience living in China and crafting geopolitical tabletop games. He discusses China’s rapidly evolving electric vehicle market, spotlighting innovative players like BYD and the complexities foreign businesses navigate. Curtis also explores contrasting financial models between private firms and government strategies. The conversation highlights the skills necessary for operating within China's unique political economy, emphasizing the importance of immersive learning in today’s dynamic landscape.
Read more
AI Summary
AI Chapters
Episode notes
auto_awesome
Podcast summary created with Snipd AI
Quick takeaways
China's leadership in the electric vehicle market, driven by innovation and affordability, is reshaping global automotive dynamics and competitiveness.
Navigating China's opaque legal and economic systems is essential for foreign executives, highlighting the need for strategic networking and local insights.
Deep dives
China's Rapid EV Market Evolution
The Chinese electric vehicle (EV) market has undergone a remarkable transformation, particularly accelerated during the COVID-19 pandemic. Companies like Xiaomi have successfully pivoted from consumer electronics to producing competitive EVs, as demonstrated at the Beijing Auto Show, showcasing innovation in both design and performance. China's robust battery manufacturing capability, led by firms like BYD and CATL, has positioned it as a formidable player in the global EV landscape. This rapid evolution underscores the reality that to remain competitive, Western manufacturers must comprehend and adapt to the dynamic changes within the Chinese market.
Complexities of Doing Business in China
Operating in the Chinese market presents unique challenges that often leave foreign executives feeling confused and overwhelmed. The opaque nature of legal and economic systems complicates issues such as intellectual property rights and market research, making it difficult for companies to gain transparency. The game designed to simulate these complexities reveals the critical importance of networking and understanding local dynamics to navigate business successfully in China. By engaging various roles within the game scenario, players gain insight into the intricate relationships that underpin the decision-making process in a rapidly evolving market.
Understanding Economic Statecraft and Investment
Engagement with the electric vehicle sector in China also leads to broader discussions regarding economic statecraft and investment strategies. The conversation highlights a significant disparity in perspectives between policymakers and business executives, particularly regarding the evaluation of profitability and capital allocation. The game experience emphasizes the importance of understanding how businesses function in a complex market and the necessity of integrating both market and political insights for effective decision-making. As the global landscape shifts, it becomes increasingly crucial for decision-makers to develop skills that enable them to think holistically about both business operations and broader economic implications.
The automobile industry is one of the most pivotal in the world, both due to its scale and its nexus at the heart of the manufacturing systems in countries such as the United States, Germany, Japan, Korea and China. There’s a massive transformation of the industry underway as consumers transition from internal combustion engines to electric vehicles, and China is increasingly leading the way with innovative and affordable cars from the likes of BYD and others. How will the future of the industry change, and how do the political dynamics of China’s leadership affect which countries will win — and which will falter?
Our upcoming Riskgaming scenario, “Powering Up: China’s Global Quest for Electric Vehicle Dominance,” simulates this complex business environment by fusing the transition from ICEs to EVs with the opaque vagaries of China’s national security and industrial policies. It’s designed by Ian Curtiss, who lived and worked in China for many years before decamping to Arizona and continuing to build a series of tabletop games covering everything from the geopolitics of the modern world to the politics of medieval Europe on the Iberian Peninsula.
Ian and host Danny Crichton talk about “Powering Up” and its design, how the tradeoffs in the game can inform decision-making in the real world, and why people are so engaged with the Riskgaming model of gameplay.
Get the Snipd podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered podcast player
Listen to all your favourite podcasts with AI-powered features
Discover highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share & Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered podcast player
Listen to all your favourite podcasts with AI-powered features
Discover highlights
Listen to the best highlights from the podcasts you love and dive into the full episode