A surge in high quality research and patent applications has cemented China’s dominance in the industry.
Los barcos que transportan automóviles chinos están usando el mar Rojo y el canal de Suez, mientras otros buques rodean África por miedo a los ataques de la milicia hutí.
Ships carrying Chinese cars are using the Red Sea and Suez Canal even as other vessels still sail around Africa in fear of attacks by the Houthi militia.
Elon Musk has said that robotaxis are the company’s future, but most revenue still comes from cars.
China wants to dominate the market for the cars of the future, and it has set its sights on Brazil’s giant auto market.
The Chinese government is taking steps to rein in what it calls “involution,” or excessive competition that is hurting local companies and fueling the country’s deflationary spiral.
As the likes of Ford and Mercedes retreat, Great Wall Motor and BYD are building factories and bringing affordable EVs and hybrids to one of the world’s biggest markets.
Beijing will now require government licenses for any effort to transfer abroad the technologies crucial for producing inexpensive electric cars.
China’s national champion carmaker BYD embodies a state-led industrial model that America may no longer be able to compete with.
China’s lead in electric vehicle technology, which is already huge, could become insurmountable if incentive programs are slashed, auto experts and environmentalists say.