As we discussed with guest Finbar Birmingham in the last episode, the EU and US are stepping up pressure on Chinese-made electric vehicles.
In this episode we take a closer look at how China has come to dominate the global electric vehicle market. Chinese electric vehicles account for 60% of global sales and a third of global exports. The leading Chinese brand, BYD, is now consistently trailing Tesla in car sales.
How much of a role do subsidies play, compared with other factors like rare earth controls and low labor costs? Is there really an overcapacity problem that suggests the world is flooded with Chinese cars?
In this episode, we’re joined by Zeyi Yang, a Chinese tech reporter. MIT Technology ReviewHe is an expert on the genealogy of China’s EV industry.