China has become the world’s unquestionable leader in EV batteries and EVs. Don’t be surprised when China floods the globe with their “affordably innovative” electric cars, says a China EV industry insider.
BYD's new energy vehicle, Yangwang U9, unveiled at Auto Shanghai 2023 (Image: BYD)
What’s at stake:
Western automotive OEMs have been steadily retreating from a Chinese domestic market heavily dominated by local hybrid and battery electric vehicle manufacturers. Now, the Chinese auto OEMs are venturing out, poised to sweep into Europe, and then the rest of the world. How should lawmakers and carmakers in the U.S. and Europe respond to China EV Inc.?
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