
Riskgaming
Previewing our upcoming Riskgaming scenario, “Powering Up: China’s Global Quest for Electric Vehicle Dominance”
Oct 25, 2024
Ian Curtis, the designer behind the scenario 'Powering Up,' has a wealth of experience living in China and crafting geopolitical tabletop games. He discusses China’s rapidly evolving electric vehicle market, spotlighting innovative players like BYD and the complexities foreign businesses navigate. Curtis also explores contrasting financial models between private firms and government strategies. The conversation highlights the skills necessary for operating within China's unique political economy, emphasizing the importance of immersive learning in today’s dynamic landscape.
26:45
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Quick takeaways
- China's leadership in the electric vehicle market, driven by innovation and affordability, is reshaping global automotive dynamics and competitiveness.
- Navigating China's opaque legal and economic systems is essential for foreign executives, highlighting the need for strategic networking and local insights.
Deep dives
China's Rapid EV Market Evolution
The Chinese electric vehicle (EV) market has undergone a remarkable transformation, particularly accelerated during the COVID-19 pandemic. Companies like Xiaomi have successfully pivoted from consumer electronics to producing competitive EVs, as demonstrated at the Beijing Auto Show, showcasing innovation in both design and performance. China's robust battery manufacturing capability, led by firms like BYD and CATL, has positioned it as a formidable player in the global EV landscape. This rapid evolution underscores the reality that to remain competitive, Western manufacturers must comprehend and adapt to the dynamic changes within the Chinese market.
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