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Not just a cheap ride: Chinese EVs come bearing gifts
They threaten traditional car industries but are good for consumers and bring investments. The region will have to recalibrate its strategy.
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Workers at a BYD factory. Working with Chinese car and battery makers can help South-east Asian companies improve how they design and manufacture EVs.
PHOTO: BLOOMBERG
Mark Greeven
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This is the third in a limited Opinion series on the Chinese economy. The first on the squeezed middle class can be read here here
In a little over 15 years, China has built the world’s largest electric vehicle (EV) industry, enabled by government policy. It now produces about 70 per cent of all EVs worldwide and generates roughly two-thirds of sales, far more than any other economy.
