NEWS-FINANCE -QUOTE-EDUCATIONAL AND MOTIVATIONAL
Not so long ago Chinese-made cars were considered badly designed and poorly made. But government subsidies, China’s rare-earth dominance and its famously nimble production processes have turned the country’s EV industry into the world’s largest. Nowadays Chinese EVs are well-made, chock full of great technology…and cheap.
But there are roadblocks. At home, a price war rages and few of the country’s hundred or so manufacturers turn a profit. Meanwhile governments abroad are weary of Chinese competition.