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.
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.
However, other countries are emerging as potential major players in the EV industry, such as Mexico and South Africa.
Mexico has significant potential in the North and Latin American markets, while South
Africa has a strong automaking industry and trade links with Africa and Europe.
While China will likely continue to dominate global EV production, other countries may offer production hubs to decrease dependency on China.