Look out GM & Chrysler ... Here comes China

In a video story by on CNN.com today, they tell an interesting story about China's roaring fast development of an electric car industry. It makes sense:

• They have the cash to do it,
• It is a top-down government mandate to do it, and
  
• They need to make their own cities cleaner, so they need to do it.
  

Will they have viable and cheap electric cars to market before the fools in Detroit manage to figure out their own brands and models? Not likely.