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May 2, 2024 - China becomes world`s electric vehicle powerhouse China`s electric vehicle (EV) industry has grown exponentially in recent years, encouraged by colossal state subsidies. China produces three quarters of the world`s car batteries, a huge advantage for carmakers who can drastically reduce their production costs and expand internationally. The Asian giant is now the world`s top exporter of cars, dethroning Japan. But the situation is worrying the EU, as Brussels fears unfair competition could seriously harm its car industry. Our correspondents report. Similar news:
Oct 18, 2026 One electric truck`s road trip to Norway |
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