China’s EV Boom Has Sent Its Car Exports Soaring ...Middle East

OILPRICE - Economy
China’s EV Boom Has Sent Its Car Exports Soaring
Despite being a huge manufacturing country – the biggest in the world, in fact – until recently, China has not been on the radar when it comes to car manufacturing. Chinese automakers have never gained global attention for their high-quality petrol or diesel cars, with other U.S., European or Asian automakers proving more popular. However, as China takes the lead on renewable energy operations, the country is heavily focused on electric vehicles (EVs), with the government and private firms pumping billions into research and development.…

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