Chinese automakers are outpacing traditional car manufacturers in EV development, taking less time from project start to delivery. They utilize faster processes, virtual testing, and work on multiple stages concurrently, causing envy and concern in the global auto industry. Some companies like NIO can deliver cars with advanced technology within 36 months, compared to the four years taken by traditional automakers. Chinese automakers are also expanding their presence in markets like Australia, benefiting from EV subsidies, tax advantages, and high gasoline prices.
Chinese automakers are around 30% quicker in development than legacy manufacturers. That’s stirring envy–and fear–in the global auto industry. https://t.co/m0omkqur7A https://t.co/m0omkqur7A
BYD and other Chinese automakers are bringing new electric car models in droves to Australia, a market where they haven't faced trade barriers and sales have surged due to EV subsidies and tax benefits as well as high gasoline prices. More here: https://t.co/WoXuW4nD1d
$NIO, one of China’s leading, EV startups, takes less than 36 months from the start of a project to delivery to customers, compared with four years for many traditional carmakers. One reason: It puts out cars with latent technology such as a spare chip that allows it to…
"🇨🇳 automakers are 30% quicker in development than legacy manufacturers, having upended global practices built around making combustion-engine cars. They work on many stages of development at once, use smaller, faster suppliers & run more virtual tests" https://t.co/3ZDn44AApt
How China Is Churning Out EVs Faster Than Everyone Else https://t.co/wONhF4GhBg
How China Is Churning Out EVs Faster Than Everyone Else—Once laggards, Chinese carmakers are stirring envy (and fear) in the global auto industry @selina_cheng @Kubota_Yoko https://t.co/BX2lmLyCcJ https://t.co/BX2lmLyCcJ