Shift Key with Robinson Meyer and Jesse Jenkins cover image

How China’s Industrial Policy Really Works

Shift Key with Robinson Meyer and Jesse Jenkins

CHAPTER

China's Automotive Evolution: Successes and Challenges

This chapter examines the transformation of China's automotive industry, focusing on the competition between internal combustion engine manufacturing and the burgeoning electric vehicle sector led by independent firms like BYD. It highlights the complex dynamics of technology transfer, joint ventures, and the implications of foreign direct investment while contrasting China's centralized industrial policies with those of the U.S. The discussion ultimately addresses the challenges and opportunities faced by China in establishing its dominance in both domestic and global markets.

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