(Asian Dawn) “Who controls the past controls the future: who controls the present controls the past,” (1984, George Orwell).
Thanks to Elon Musk’s Tesla, the EV revolution is upon us and Asian tech companies are poised to be the leaders of an estimated $1.3 trillion market by 2028, according to GlobeNewswire.
Asian tech companies currently employ some of the greatest engineers and scientists from across Asia and Europe.
The Top 7 companies that control 87% of the world’s battery technology are Asian-owned and all of them are hard at work researching the next generation of solid-state batteries for their clients, ranging from Tesla, General Motors, BMW, Ford to VW, Daimler-Benz, Honda, and Toyota.
The current companies holding the keys to a trillion-dollar empire are Panasonic, Toyota, Samsung, and Tesla.
The next generation of batteries will be solid-state batteries and Toyota currently owns over 1,000 patents; making it very difficult for other companies to accomplish their research without infringing on Toyota’s patents.
Toyota recently announced they’re going to be spending $70 billion on infrastructure and research; from building charging stations in all Lexus and Toyota dealerships across the United States to releasing 30 EV models in eight years.