China’s electric vehicle dominance leaves Western carmakers struggling
Two decades of Chinese investment in electric vehicles is now reshaping the global automotive industry.
China made a strategic long-term bet on electric vehicle technology starting two decades ago. That commitment has now positioned Chinese carmakers as dominant competitors in the global market. Western carmakers are facing significant pressure as a result of China's head start and established manufacturing expertise in the sector.
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Sudden success, decades in the making
Twenty years ago, China bet big on electric vehicles. Now Western carmakers are feeling the pain, Timothy Minchin & Michelle Shu Wun Kuek say