China's electric vehicle (EV) market has seen significant growth, becoming the world's largest auto market and leading in EV sales. This development, driven by a landmark speech by President Xi Jinping in 2014, has resulted in increased tensions with Western countries. Tesla has announced a steep cut in Model Y production in China, while Lucid has made significant workforce reductions. Additionally, Canada is considering imposing tariffs on Chinese EVs following a similar move by the U.S. Ten years on, China's EV strength is a source of pain for the U.S. and Europe.
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
Canada mulls Chinese EV tariff following U.S. move but is not committing to it, @mrabson reports. https://t.co/p4cRAZkUgG #cdnpoli #EV Find out more at https://t.co/xofn4ZJv7R https://t.co/ydNXMSght8
#ICYMI: Is China building the EVs we actually want to buy? — via @drivingdotca #LorraineExplains #Electri Vehicles https://t.co/ApIPCHxr9v
$TSLA | Tesla China's Steep Model Y Output Cut $LCID | Lucid Wields The Ax $F | Ford Rumored To Ease Dealer Requirements For EV Sales And More! Biggest EV Stories Of The Week: https://t.co/lNZJ14hHc4