China now dominates EV sales
Cars are not just cars. They are jobs, steel, oil, trade balances, entire economies. Germany is a car economy. Japan is a car economy. Detroit was America's. Now China is as well, especially with electric cars. In 2011, 5,000 electric cars sold in China. Last year, 11.3 million. One in every two new cars on Chinese roads is now electric. Beijing did not wait for the market. It built one. Subsidies, battery supply chains, charging infrastructure, and a domestic base large enough to outscale anyone who tried to compete. BYD, NIO, and dozens of smaller manufacturers did not just build cars, but also the ecosystem underneath them.
Cars are not just cars. They are jobs, steel, oil, trade balances, entire economies. Germany is a car economy. Japan is a car economy. Detroit was America's. Now China is as well, especially with electric cars.
In 2011, 5,000 electric cars sold in China. Last year, 11.3 million. One in every two new cars on Chinese roads is now electric.
Beijing did not wait for the market. It built one. Subsidies, battery supply chains, charging infrastructure, and a domestic base large enough to outscale anyone who tried to compete.
BYD, NIO, and dozens of smaller manufacturers did not just build cars, but also the ecosystem underneath them.