Net Zero’s Global Winner is — China! ‘US hasn’t noticed yet that China-Made cars are taking over the world’ – Poised to become No. 2 exporter of cars, surpassing US & S. Korea
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Bloomberg - January 26, 2023: The US hasn't noticed yet that China-Made cars are taking over the world - China is poised to become the No. 2 exporter of passenger vehicles, surpassing the US and South Korea and risking new tensions with trading partners and rivals. ... Overseas shipments of cars made in China have tripled since 2020 to reach more than 2.5 million last year, according to data from the China Passenger Car Association. That’s only a whisker (about 60,000 units) behind Germany, whose exports have fallen in recent years. China’s numbers, behind Japan but ahead of the US and South Korea, herald the emergence of a formidable rival to the established auto giants. ...
“The switch to battery means the motor is no longer a differentiator,” says Alexander Klose, executive vice president for overseas operations at Aiways Automobiles Co., a pure-Chinese EV maker, which has sold several thousand vehicles in Europe. Technologically, “it’s created a level playing field,” he says. A global push to cut carbon emissions and save the planet has prompted Beijing to encourage EV makers and buyers with subsidies, while a robust local supply chain has made it cheaper to make an EV in China than in any other place. Tesla’s Shanghai factory produced almost 711,000 cars last year and accounted for 52% of the company’s worldwide output.
https://www.climatedepot.com/2023/01/27/net-zeros-global-winner-is-china-us-hasnt-noticed-yet-that-china-made-cars-are-taking-over-the-world-poised-to-become-no-2-exporter-of-cars-surpassing-us-s-korea/
