How China’s EV Industry Overtook Tesla

Tesla once showed Chinese consumers what a modern electric car could be. Today, it is competing with BYD, Xiaomi, Li Auto, XPeng, NIO, and dozens of other Chinese brands. So how did China go from following Tesla to building the world’s largest electric vehicle industry? In this video, I look at the real reasons behind the change: China’s battery supply chain, intense domestic competition, faster product development, lower costs, and the rise of plug-in hybrids. Tesla made electric cars exciting. China turned them into a mass-market industry. What does the electric car market look like in your country? And do you know anyone who is already driving a Chinese EV? #electricvehicles #tesla #china