China produced 12 million EVs in 2024 versus 2.4 million in the US, giving China 70% of the EV market; China controls 70-80% of global smartphone production; China controls 80% of the drone market; the lithium-ion battery is the common technology linking all three, and Western EV makers must source from China.
factualpending
Speaker
Unidentified Speaker — Louis-Vincent Gave: The Dollar’s Breaking? China’s Winning?… [a9yIYXtsITE]Evidence Quote
“in 2024, they produce 12 million EVs versus 2.4 million in the US. So they own 70% of that market. Smartphones, they control 70 to 80% of the product production of all smartphones across the world. Drones, they control 80% of that market. [39:32]”
Source
Louis-Vincent Gave: The Dollar’s Breaking? China’s Winning? The End of U.S. Dominance?— WealthionCreated: 8/11/2026, 7:21:20 AM
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