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20 January, 2020 00:00 00 AM
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China’s cheap electric vehicles could disrupt global markets

YAHOO FINANCE, New York

While Western automakers race to capture market share in the world’s biggest electric car market, China, hundreds of Chinese electric vehicle (EV) makers have sprung up in recent years to snag a piece of the EV pie too.  

Government support to the Chinese EV industry and China’s ambitions to have new energy vehicles (NEVs) sales account for a quarter of car sales in 2025 means that the Chinese authorities want the EV industry in the country to flourish—and some think this ambitious target would require both Western and Chinese EV makers.  

Western analysts, however, warn that a Chinese EV oversupply could lead to cut-price exports of China’s electric cars, potentially distorting and pressuring the auto industries in other countries, and potentially setting the stage for the next US-China trade war front—electric vehicles.

Even the leaders among the Chinese EV manufacturers admit that Tesla is the pioneer in the field. But some of China’s largest EV makers still believe that they can compete with the US manufacturer and make good electric cars, The Washington Post’s business correspondent Jeanne Whalen writes.

 

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Editor : M. Shamsur Rahman

Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

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