China’s Electric Vehicle Industry in Context

China’s electric vehicle (EV) industry has expanded much faster in recent years than forecasters have expected. The entire EV value chain offers China the potential for a meaningful but limited driver of economic growth outside of traditional engines such as property and infrastructure construction. But the industry is facing key headwinds including raw materials pricing and availability, as well as US export controls and rising financial losses. This note reviews the broader macroeconomic significance of China’s EV industry and its associated value chain, and details the structure and key players within the most significant sectors of the industry.

Posted November 23, 2022
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