FT Tech Tonic

China's race to tech supremacy: Driving into Europe

4 snips
May 21, 2024
BYD, a Chinese EV manufacturer, targets European market with low production costs amidst US tariffs. European carmakers wary of competition. State backing fuels Chinese tech advancements in electric car industry, raising concerns in EU. BYD's strategy of owning cargo ships and controlling supply chain highlighted.
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