Inside China’s rise as global leader in EV market

In just a few years, China has emerged as the undisputed leader in the electric vehicle (EV) market, selling over 8 million units worldwide in 2023.

This rapid ascent began in the early 2000s when the Chinese government recognized the limitations of its traditional combustion engine industry and launched a strategic plan to develop EV technology.

In this video, we dive into China's rise as the global leader in EV production, from its strategic shift away from the combustion engine to becoming the world's largest producer of batteries and electric cars. Explore how China, under visionary leadership like Wan Gang and battery tycoon Wan Chuanfu, took the world by storm, leaving the U.S., Europe, and Japan behind in the race for electric vehicle dominance.

We also discussed how Tesla’s presence in China helped fuel BYD’s remarkable success in offering world-class EV technology at affordable prices.

Is China's victory in the EV sector final, or is there still room for a shift in global leadership?