For the first time in its history, the Asian giant has become the world’s largest exporter of automobiles, overtaking Japan. It is doing so with electric vehicles boosted by state aid and the country’s dominance over battery manufacturing resources
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Europe is vying for electric vehicle (EV) battery manufacturers to establish factories in the region to reduce reliance on Asia, and to win a green subsidy competition with the US. The region aims to draw in EV component and ingredient suppliers as well.
Europe is vying for electric vehicle (EV) battery manufacturers to establish factories in the region to reduce reliance on Asia, and to win a green subsidy competition with the US. The region aims to draw in EV component and ingredient suppliers as well.