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China's Emerging Global Leadership In EVs Isn't Just Result Of Subsidies: Entrepreneurship Still Matters In This Market

25 Feb 2023 | Abstracted from Eurasiareview

"According to analyst forecasts, domestic EV sales are expected to surge to about eight to ten million cars in 2023, up from record sales of 6.5 million in 2022.

"Chinese government spent about $60 billion between 2009 and 2017 to jumpstart the car sector...The entrance of Tesla has been a game changer for the industry because it pushed the Chinese manufacturers to design EVs with smart driving features from scratch."



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