China New Breakthrough and Policy Puts China 10 Years Ahead of The US In The EV Industry

Watch this video: China Set To kick out Apple, NVIDIA There’s no denying the extent to which China has rapidly outpaced many industrial domains, with the EV domain inclusive. The impressive quality of China’s growth becomes even more fascinating when compared to the United States. In the sphere of EV export, China has made her mark taking over 40% of the world’s market with an exponentially blossoming boost. This leaves the world wondering how China is going to manage to pull off this stunt. Well, keep reading to find out. Before we proceed, Kindly return the favor and give this video a thumbs up, subscribe, and turn on the bell notification feature which makes it easy to stay up to date with state of the art reinvention of mobility, green energy, sustainable science, technology, engineering and home energy. China’s leading automaker BYD in a major EV auto show in Shanghai, China revealed their latest blockbuster with a stunning price of just USD 11,300, stimulating 11,000 orders within 24 hours of pre-sales opening. The push by China to dominate the EV market is also a big step to trim its reliance on massive petrochemical imports from Russia and the Persian Gulf. In 2022, the Chinese EV export registered an extraordinary 131% year-on-year increase, consequently hitting a value of $20.9 billion. This is another scheme used by China to outpace EV automakers and achieve their aim of becoming the world’s top automobile exporters. This has led China to have 78% of the world’s fastest public chargers in the world, with Beijing topping the entire United States. China New Breakthrough and Policy Puts China 10 Years Ahead of The US In The EV Industry Exploring sustainable science, technology, engineering, green energy and state of the art reinventions of mobility which is part of the transition to a zero-carbon future impacting our lives, civilization and development. Weekly dive and analysis. “How they did it“ and “How it impacts our lives today.“ Kindly Subscribe and hit the notification bell to learn something every day. ► Video Transcripts available on our website at ▬▬▬▬▬▬▬▬▬ ✅FINANCIAL DISCLAIMER This channel’s content should not be interpreted or construed as financial advice. We are not, and do not claim to be, an attorney, accountant, or financial advisor. This channel’s content is not a substitute for financial advice and is solely for entertainment purposes. ▬▬▬▬▬▬▬▬▬ ✅COPYRIGHT DISCLAIMER Exploratics does not own some of the materials compiled in their videos. It belongs to people or organizations who ought to be respected. If used, it falls under the following provisions: Copyright disclaimer section 107 of the Copyright Act 1976. “Fair use“ is allowed for purposes such as criticism, comment, news reporting, teaching, scholarships, and research. ▬▬▬▬▬▬▬▬▬ ✅ Please contact us first if you are the author or owner of any material used herein, but your authorship has not been indicated or you object to its use: exploraticschannel(at)