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Economic Times
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The Chinese electric vehicle founder who wants in on Trump's America
- Windrose Technology, founded by Wen Han, has a complex international investment structure, with backing from various countries including China, the US, and Australia.
- Han aims to leverage China's EV manufacturing advantages to sell electric trucks globally, with plans to go public in New York to raise around $400 million.
- Despite facing geopolitical challenges and protectionism, Han reflects on the evolving perceptions of Chinese businesses in the US amidst trade tensions.
- Windrose is disrupting the trucking industry by focusing on electric trucks and benefiting from China's advanced EV supply chain.
- The company faces hurdles in production, regulations, and market entry but has shown quick progress in designing and testing its vehicles.
- Han remains resilient amid skepticism towards Chinese startups in the US, recognizing the need to navigate geopolitical sensitivities in his business ventures.
- While Windrose aims to be a global company, Han is mindful of being associated with China's political system, emphasizing independence from the Communist Party.
- The company's strategy involves securing investments from Chinese state-backed entities while aiming for listings on both US and European stock exchanges.
- Windrose's competitive pricing and deployment strategy seek to challenge Tesla in the electric truck market, targeting earlier market entry and competitive pricing.
- Han acknowledges Elon Musk's influence but is determined to establish Windrose as a significant player in the global EV industry by prioritizing electric truck manufacturing.
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