For the first time in its history, the Asian giant has become the world’s largest exporter of automobiles, overtaking Japan. It is doing so with electric vehicles boosted by state aid and the country’s dominance over battery manufacturing resources
It also skirts around the fact that the main reason China is so prominent in the EV market, both locally and internationally, is because Tesla’s biggest factory is located in China.
Tesla’s aren’t really the go-to EV locally in China. BYD is mostly the go-to and they’re even starting to overtake Tesla internationally as well.
Tesla’s aren’t really the go-to EV locally in China. BYD is mostly the go-to and they’re even starting to overtake Tesla internationally as well.
https://www.reuters.com/business/autos-transportation/teslas-china-made-ev-sales-jump-687-yy-december-2024-01-03/