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In 2023, China's automobile export volume skyrocketed to the top globally for the first time, with a significant increase in sales of new energy vehicles or NEVs. Not only has the domestic NEV industry chain continuously improved in recent years, but they now account for a very large share of the global market. What's behind the impressive growth of China's NEV sector? How does it fare in the bigger picture of China's high-quality development? And is China trying to "outdo the West by dominating this market", as some foreign media have suggested?
By China Plus5
22 ratings
In 2023, China's automobile export volume skyrocketed to the top globally for the first time, with a significant increase in sales of new energy vehicles or NEVs. Not only has the domestic NEV industry chain continuously improved in recent years, but they now account for a very large share of the global market. What's behind the impressive growth of China's NEV sector? How does it fare in the bigger picture of China's high-quality development? And is China trying to "outdo the West by dominating this market", as some foreign media have suggested?

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