China's dominant electric vehicle (EV) industry has long been driven by a mix of state-backed champions and innovative startups. However, a recent shift in policy is poised to put institutions and established players at the forefront of the country's EV ambitions. The move, which aims to consolidate the industry and promote more efficient production, has sparked both excitement and concern among EV manufacturers. As China continues to push for cleaner energy and reduced carbon emissions, the implications of this policy change for the global EV market will be closely watched.
China’s EV industry policy puts institutions before champions East Asia Forum
