As the global automotive industry grapples with the devastating consequences of the ongoing conflict in Ukraine and now Iran, China is poised to capitalize on the chaos. With Western sanctions and supply chain disruptions likely to impact the production of electric vehicles (EVs) in Europe and the US, China's dominant position in the global EV market is set to be further solidified. China's already significant lead in EV manufacturing and battery technology is expected to give the country a significant advantage as it continues to invest heavily in the sector. As the world's largest EV market, China's dominance is likely to have far-reaching implications for the global automotive industry and the environment.
The Iran war could widen China’s EV lead over its global rivals. Here’s why South China Morning Post