Is There Anyone Who Can Compete With China In The Electric Vehicle (EV) Market?

28 / 4 / 2023

Tesla's new Megapack battery factory in Shanghai has sparked discussion about which country will dominate the future of electric vehicle (EV) production.

1

China has been a leading EV giant for the past decade, with around 300 commercially available EV models and four of the world's 10 largest battery manufacturers.

2

However, other countries are emerging as potential major players in the EV industry, such as Mexico and South Africa.

3

Mexico has significant potential in the North and Latin American markets, while South

4

Africa has a strong automaking industry and trade links with Africa and Europe.

4

While China will likely continue to dominate global EV production, other countries may offer production hubs to decrease dependency on China.

5

FOR MORE HEAD TO