China leads world in electric vehicles
In automobiles using combustion engines, China has always trailed the developed countries. Its most important manufacturers are joint ventures with foreign makers.
But it has not made the same mistake with electric vehicles, the cars of the future. It boasts the world's largest manufacturer, BYD, which sold 230,427 units in November. In the second quarter of this year, BYD overtook Tesla as the world's top maker and has extended its lead since. It plans to build one or two manufacturing plants in Europe. ...