China’s Rise in Electric Vehicles
China's electric vehicle (EV) dominance has surged, propelling manufacturers like BYD and MG to international acclaim. Faisel Rafi, Head of Global Research, underscores China's rapid ascendancy across EV realms, spanning manufacturing, supply chain mastery, government backing, and worldwide market expansion. Within this article, he emphasises that Chinese firms have achieved battery production mastery, particularly in LFP technology, resulting in near-monopoly control. These companies reap benefits from an efficient industrial framework, cost-effective advantages, and a skilled workforce.
