Riskgaming
Introducing our new scenario, “Powering Up”
Dec 14, 2024
Ian Curtiss, the designer of the new Riskgaming scenario "Powering Up," discusses China’s rise in the electric vehicle sector alongside Laurence Pevsner, director of programming. They highlight the competitive challenges faced by companies like Northvolt and GM. The duo dives into strategic lessons from gameplay and the vital role of foreign consultants in navigating complex automotive dynamics. They also touch on varying political and business strategies across regions, revealing insights on adapting to industry mistakes and the future of global tech.
36:59
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Quick takeaways
- China's electric vehicle market dominance stems from strategic investments and proactive engagement, presenting a significant challenge for Western automakers.
- The simulation underscores the critical role of social capital and information dynamics in navigating China's complex political economy for business success.
Deep dives
Insights from the China EV Market
The discussion highlights significant lessons from the Chinese electric vehicle (EV) market, particularly insights shared through an op-ed addressing why China's EV sector has made substantial advances over the last decade. Analysts note that despite warnings and signs of China's strategic efforts to bolster its emerging industries, such as EVs, many stakeholders in the West remained unaware or unprepared for the rapid developments. The op-ed emphasizes that a more proactive approach to investment in innovations and a focus on learning from these trends could enable countries to better compete. Furthermore, it advocates for a mindset that embraces market dynamics rather than relying solely on centralized planning.
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