China is reportedly on the cusp of a major electric vehicle (EV) strategy shift that could have significant implications for the global automotive industry. The move, which some analysts are likening to a similar surprise announcement made by China in 2019, involves the country's government potentially setting new targets for electric vehicle adoption and incentivizing domestic manufacturers to increase production. If implemented, this move could further solidify China's position as a leader in the global EV market and potentially disrupt the plans of foreign automakers operating in the country. As the world's largest EV market, China's policies have a significant impact on the industry, making this development one to watch closely.
China is about to repeat an EV move that blindsided U.S. thestreet.com
