The story of China’s electric vehicle industry
China's EV industry is not just about rapid growth and success; it involves intricate geopolitical dynamics that could put its success at risk.
China has become a world leader in making and buying Electric Vehicles (EV), somehow under the radar. In fact, China today produces 54% of total EVs globally and with an even higher share for EV batteries.
How did China get there? In this episode of The Sound of Economics, Giuseppe Porcaro sits down with Alicia García-Herrero and Zeyi Yang to explore China’s EV industry. Together they discuss the country’s rapid rise in the market, its advancement on battery technology, as well as geopolitical implications with a growing chorus calling for de-risking.
This episode is part of the ZhōngHuá Mundus series of The Sound of Economics.
ZhōngHuá Mundus is a newsletter by Bruegel, bringing you monthly analysis of China in the world, as seen from Europe.
This is an output of China Horizons, Bruegel's contribution in the project Dealing with a resurgent China (DWARC). This project has received funding from the European Union’s HORIZON Research and Innovation Actions under grant agreement No. 101061700.
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