China's rapid transition to electric vehicles (EVs) has been a topic of fascination for the global auto industry. A new study published in the South China Morning Post sheds light on the key factors driving this boom, and the findings may challenge conventional wisdom. According to the research, local alliances and partnerships between Chinese companies, rather than the government's industrial policies, have been instrumental in propelling the country's EV sector forward. The study's conclusions raise important questions about the role of government intervention in driving innovation and economic growth in emerging markets.
The secret behind China’s EV boom? Local alliances, not industrial policy: study South China Morning Post
