Imagine playing a classic game of Go — every move counts, even if it doesn’t shine immediately. This is the spirit behind China’s electric vehicle (EV) industry, where a patient, strategic approach known as houshi (or 'thick influence') is now paying off on a global scale. 🚗
Since 2021, China's auto exports have surged dramatically. That year saw exports topping two million units, vaulting the country to a top-three position globally. In 2022, Chinese brands even outpaced Germany, and by 2023, nearly five million vehicles had been shipped, marking a record-setting ascent with EVs leading the charge.
In 2023 alone, China exported 1.203 million EVs—a remarkable 77.6 percent year-on-year increase. These innovative vehicles are now winning over consumers in a diverse range of markets including Russia, Mexico, the United Arab Emirates, and even making headway in the European Union through hubs like Belgium.
What’s driving this success isn’t just the sheer number of units sold. Chinese EV companies are offering a broad spectrum of models—from sleek passenger cars and plug-in hybrids to efficient electric buses and urban logistics vehicles. This variety not only boosts pricing power but also enhances profit potential, setting a high standard on the international stage.
Much like a perfectly executed strategy in Go, China’s enduring groundwork is sparking a global green transformation. These EV brands aren’t just reshaping mobility; they’re also paving the way for a cleaner, smarter future. It’s a win for innovation and the environment alike — a true game changer in the race towards sustainability. 🌱
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China's electric vehicle brands drive global green transformation
cgtn.com
