Oh yeah, just remember something.
It was that European battery company, called something like North-Volts? Maybe North-Bolts, I forget.
This is what I found funny about that, since I am a Canadian passport holder.
The Canadian would sing the praises of North-Bolts, just a few years ago. The Canadian reporter sincerely believed that Canada would be a player in the new industry and be a world leader, just because North-Bolts invested inside Canada, with some Canadian government money as a subsidy.
This was a few years ago, and even back then, reading those articles, I was thinking, WTF is this?
Okay sure, build that factory and build this battery, but will it be any good and the cost compared to what the leading Chinese companies were doing at that time in the past.
So fast forward a few years, North-Bolts goes belly up, and the Canadians in Canada were left stunned, because that was their only connection to this future industry. All gone, and no one had a clue in Canada what happened.
Of course, it was my tax dollars going down the drain, but I already expected that. Insert you cynical laugh right here! World leaders my ass! Tax dollars down the drain! Again!
So that is a curious question in hindsight.
What if North-Bolts went to China to compete, would they have survived as a company? That is a serious question. Looks like the robotics industry in Europe had taken note of that.
What is still cynically funny, was these Canadians, hyping it up, thinking this is how to get into the game and take on the Chinese to beat them. Ho hum.
That was why North-Bolts invested in Canada, because it was not China. Was that a mistake?
North-Bolts no more! Tax dollars down the drain!

