Surging Exports and Market Growth
In the period from January to November 2023, China outpaced Japan in automobile exports, reaching 4.41 million units with a notable 58.4% year-on-year growth.
Battery Technology: China’s Competitive Edge
Chinese electric vehicle (EV) manufacturers, particularly BYD, have gained a significant advantage in the global market due to their prowess in producing cost-effective lithium-based batteries.
Global Response and Dilemma
The influx of affordable Chinese EVs into the European market has triggered concerns, prompting the European Union and the United States to explore measures such as subsidies and tariffs to mitigate the competitive edge of Chinese EVs.
Encouraging Fair Competition
Rather than resorting to protectionist measures, it is urged that Western media and politicians focus on fostering technological advancements within their own enterprises to ensure fair competition in the evolving EV market.
Source：chinadaily.com.cn
