Etiqueta: sodium

The automotive world is moving rapidly toward electrification, but the future isn’t necessarily 100% electric. Plug-in hybrid electric vehicles (PHEVs) are carving out a significant niche, offering a compelling alternative to pure EVs. This trend is particularly evident in China, where PHEVs are gaining popularity, thanks largely to the innovative efforts of BYD, the undisputed leader in electrification and the benchmark for competitors.

There may be no more important question for the West’s competitive position in advanced industries than whether China is becoming a rival innovator. While the evidence suggests it hasn’t yet taken the overall lead, it has pulled ahead in certain areas, and in many others Chinese firms will likely equal or surpass Western firms within a decade or so.