China had become the world’s

China had become the world’s

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focus on NEVs paid off. While Chinese internal combustion engine vehicles never secured massive market shares—either in China or globally—in just six years, China had effectively leapfrogged the internal combustion era, which the West had allowed to drag on for decades. By 2015, China had become the world’s largest market for electric vehicles. Crucially, Beijing’s efforts had resulted in the development of a fully independent, cost-effective value chain. This rapid transition caught the combustion engine-reliant German companies off guard. Their failure to fully embrace new technologies gave Chinese industry players—which had the policy backing สล็อต เว็บตรง