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China has emerged as the world's largest auto market and the leading producer of electric vehicles (EVs), fulfilling President Xi Jinping's vision from a 2014 speech. In 2023, China delivered 9.5 million EVs, surpassing all other countries. This dominance has heightened tensions with the West, particularly the U.S. and Europe, which are struggling to catch up. China also controls the majority of the battery supply chain, further solidifying its position in the global EV market. Additionally, Brazil has recently become the largest export market for Chinese EVs, overtaking Belgium. Major Chinese auto manufacturers are planning to launch mass production of solid-state batteries in the coming years, which could further enhance their market position. Over the past 10 years, China's rise in the EV sector has become a source of pain for the West, with new trade barriers and regulations emerging.
In 2014, Chinese President Xi Jinping gave a speech exhorting the automakers to focus on electric cars. Nobody in mainstream media cared. #China made 75,000 #EV that year. Fast forward to 2023: 9.5 million — that’s how many NEV China’s manufacturing produced! Never… https://t.co/5cjLhwWAFG
Well, there goes South America. Monroe, Schmonroe. BYD bought the abandoned Ford plant in Brazil and will manufacture EVs. Meanwhile Brazil is China's top EV export market. https://t.co/q2lGQXm3N7
Brazil has overtaken Belgium as the largest overseas destination for China-made new energy vehicles, according to the China Passenger Car Association. #EV #NEV https://t.co/W5QMIO0MHs
Thread on #China's recent CO2 emissions... https://t.co/POSquXiQpf
Analysis: Clean energy was top driver of China’s economic growth in 2023 | @laurimyllyvirta #CBarchive Read here: https://t.co/imuhdKu6uZ https://t.co/PERtvqFeIB
NEW – Analysis: Monthly drop hints that China’s CO2 emissions may have peaked in 2023 | @laurimyllyvirta Read here: https://t.co/zcCYUm9Uhh https://t.co/d36LdQbLSI
NYT: How #China Pulled So Far Ahead on Industrial Policy China’s unrivaled production of solar panels & EVs is built on an earlier cultivation of the chemical, steel, battery & electronics industries, as well as large investments in transport. https://t.co/27Kb6bWIPm
The U.S. and Europe are trying to catch up to a rival skilled in using all the levers of government and banking to dominate global manufacturing. Here's how China pulled so far ahead on industrial policy. https://t.co/OA4Cf6H3oW
The latest point of contention is China's total dominance over the EV market. https://t.co/Gi0dV1uo1g
Big: Brazil is the largest auto market in South America, and EVs are now arriving. April 2024 EV sales are up 505%! BEV sales up 1,120% and PHEV sales up 210%. EVs are now 4.8% of auto sales & rising rapidly. BYD also is building 3 factories in Brazil! Credit @cleantechnica https://t.co/D1XOsFTQhR
“In 2014, China sold 75,000 EVs and hybrids, and exported 533,000 cars. Fast forward to 2024, and China sells more EVs than any other country, with 9.5 million cars delivered last year. . It also controls the majority of the battery supply chain.” https://t.co/Z4MarkHwnW
"China has become the world’s largest auto market and sells more electrified vehicles than any other country, with 9.5 million cars delivered last year. It also controls the majority of the battery supply chain." https://t.co/bRF23zFv1r
Brazil surpasses Belgium as top export market for Chinese EVs, hybrids, data shows https://t.co/C4jTDrvuhK https://t.co/dolc9UuPEQ
#GraphicAnalysis China has become an important force in promoting the green transformation of the global automobile industry, with its production and sales of new-energy vehicles (#NEVs) having ranked No.1 in the world for nine consecutive years. The world will need 45 million… https://t.co/aGYSdhV05F
How EVs are resetting the global market China's 2nd largest automaker is bringing electric cars -- not the combustion engine -- to Egypt. "Manufacturing will be scaled up over 5 years, with the goal of producing cars with 65% locally-sourced parts." https://t.co/nCLWVA4Kzo
How China Pulled So Far Ahead on Industrial Policy https://t.co/pWDVVNUmZY
Major Chinese auto manufacturers aim to launch mass production of solid-state batteries for electric vehicles (EVs) in the coming years https://t.co/CNNyFUzjaL
In ten years, China has become the world’s largest auto market and sells more electrified vehicles than any other country, with 9.5 million cars delivered last year. https://t.co/kUFUsTuEKc
Xi’s #China EV Dream Came True. 10 Years On, Walls Are Going Up A landmark speech in 2014 set China on path to EV domination Now nation’s strength is source of pain for the US, Europe #oott https://t.co/eMY04GkDLQ
President Xi Jinping's dream came true: China has become the world’s largest auto market and sells more EVs than any other country. The success is adding to tensions with the West. https://t.co/5DVlBD2ruu via @technology
President Xi Jinping's dream came true: China has become the world’s largest auto market and sells more EVs than any other country. The success is adding to tensions with the West. https://t.co/lf6iIH7Jfl