ANALYSIS: The Troubled Reality of China’s EV Industry

ANALYSIS: The Troubled Reality of China’s EV Industry
A man walks past a billboard featuring a new model from Chinese electric car maker Li Auto, at a shopping mall in Beijing on August 12, 2021. Jade Gao/AFP via Getty Images
Shawn Lin
Updated:
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A quick scan of global news this week revealed almost universally glowing reports about China’s electric vehicle (EV) industry. A Wall Street Journal article calling it a “triumph of Beijing’s industrial policy” was just one of several articles touting China’s lead in the electrification of the auto industry.

Despite the rosy headlines, however, experts say that China’s “new energy vehicle” industry, which has been funded with hundreds of billions of yuan in state subsidies, in reality, is on shaky ground.

Shawn Lin is a Chinese expatriate living in New Zealand. He has contributed to The Epoch Times since 2009, with a focus on China-related topics.
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