<
https://theconversation.com/chinese-companies-are-taking-over-the-ev-market-whats-behind-their-meteoric-rise-287490>
"If producing electric vehicles (EVs) was an Olympic sport, China would be
dominating the medals podium.
China now leads the world in the sale and export of EVs, a term encompassing
everything from battery-powered cars to plug-in hybrids. Chinese companies also
produce the lion’s share of the rechargeable batteries that keep EVs running.
Between 2009 and 2022, the Chinese government dished out more than A$41 billion
in subsidies and tax benefits to boost the production of electric cars, taxis
and buses.
But subsidies alone can’t explain the meteoric rise of China’s EV industry.
Over two decades, Beijing has built a manufacturing sector that fosters
domestic competition, rapid production and company-level innovation."
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
