China EVs can overcome hurdles in global markets

Riding high: Electric vehicles displayed at a shopping mall in Beijing. The main reason why China-made vehicles have become popular is cost competitiveness. — Reuters

CHINA’S electric vehicle (EV) industry has become increasingly competitive in the global market thanks to the country making rapid advancements in EV technology, manufacturing capability and quality production.

Official data showed China’s EV production and sales in 2023 reached 9.58 million and 9.49 million respectively, both highest in the world for nine straight years. China also exported 1.20 million EVs in 2023, a year-on-year increase of 77.6%.