China Has An Electric Vehicle Advantage, But Can It Maintain Its Edge?

This article is part of: Annual Meeting of the New Champions

• Chinese automakers account for more than half of the electric vehicles (EVs) produced worldwide.
• Research shows there is growing consumer appetite for buying an EV based on price.
• Automakers in China can build on their price advantage and compete with Western automakers.

Chinese automakers account for more than half of the electric vehicles (EVs) produced in the world. As they build scale, cost advantages, and expertise, speculation is rising that Chinese EV brands will eventually flood the global market.

The World Economic Forum gathers later this month in Dalian for the Annual Meeting of the New Champions to discuss "next frontiers for growth." The discussion takes place at a time when multiple trends – including decarbonization, artificial intelligence, rapid digitization and the acceleration of e-commerce – open up considerable opportunities.