Inicio EV China’s EV Industry in Heated Competition

China’s EV Industry in Heated Competition

China's EV Industry in Heated Competition

Multiple Chinese players are leading the expansion of China’s electric vehicle (EV) industry. Last year, the country sold 9.5 million EVs, 30 times more than a decade ago — with 100 companies playing a part in that. But the growth is coming alongside growing pains, including intensifying competition, price wars and — looking forward — consolidation among companies. Multiple China EV makers are courting international markets to keep a competitive edge.