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US lags behind China in EV market despite initial advantage. China s strategic policies and dominance in battery tech contribute to its success. Differences in intent and systems shape each country s approach to vehicle electrification. ....
In the second part of our preview, we look at what could be in store for stock markets, the EV race, India s space program, and China’s 75th anniversary next year. ....
Is now the largest auto exporter in the world, tripling in just five years to overtake japan. that s thanks largely to sales in europe as most major chinese brands aren t yet available in the u.s. due to tariffs put in place during the trump administration. any vehicle built in china and exported to the united states comes with a 25% tax on it. that just makes those vehicles far more expensive, and it s hard for them to be competitive here in the u.s. reporter: china s growth in evs is what some experts call a chinese storm in the global industry. it s surprising that what we felt is really coming, and it s true. reporter: china leads the ev race in part because it controls the supply chain of raw materials for batteries. 28% of the world s lithium. 41% of cobalt, through stakes in mines on five continents. china also controls ....