Catching Up To China In The EV Race Will Require New Thinking
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Summary:
Originally posted on EVANNEX.
by Charles Morris
Auto industry analysts disagree about the timeline for the electrification of the world’s transport system, but there’s one thing they all agree on: China has pulled far ahead of the US.
Ford Mustang Mach-E. Image by JRR, CleanTechnica.
A recent article in The Atlantic by Michael Schuman, the author of several books about China’s history and economy, explains that the meteoric rise of China’s EV industry has relied heavily on state support. Exhibit A is Xpeng, a startup automaker that recently began exporting vehicles to Europe, fulfilling a long-held dream of the Chinese auto industry.
“In the past year, the company has signed deals with investment funds linked to the city of Guangzhou, Xpeng’s hometown, and the surrounding province, G ...
Read Full News: https://cleantechnica.com/2021/05/31/catching-up-to-china-in-the-ev-race-will-require-new-thinking/