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Shock To The System (II): How China's electric cars dominated the world
The EU and US are turning up the pressure on Chinese made electric cars, as I discussed with my guest Finbarr Bermingham on the last episode. On this episode, I want to take a closer look at how China has come to dominate the global electric car market. Chinese EVs make up 60 per cent of worldwide sales, and a third of global exports. Its leading brand, BYD, now regularly gives Tesla a run for its money in terms of number of cars sold. How much of a role do subsidies play, versus other factors like its control of rare earths or lower labour costs? Is there really an overcapacity issue that suggests a flooding of Chinese cars globally? On this episode, I'm joined by Zeyi Yang, China tech reporter at MIT Technology Review, who is an expert on the genealogy of China’s EV industry.
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