Smartphone makers dabble in EVs, Australia wants more Chinese green tech: 7 EV reads
Thanks to an advanced supply chain, companies with no history of making cars are challenging for supremacy in China’s EV market. “Huawei and Xiaomi, whose blockbuster smartphones are a commercial success in the domestic market, have reported sizzling EV sales, as their loyal customers also have faith in their cars,” said Phate Zhang, founder of CnEVPost.
Though the United States, Canada and European Union have slapped hefty tariffs on Chinese electric vehicles (EVs) in the name of national security or combating excessive state subsidies, Australia – while still broadly in step with the West politically – has remained open to Chinese-made EVs and other products aiding in its green transition.
Tesla retained its top position as the world’s largest seller of pure EVs in the third quarter, though its China outlook is complicated by consumer preferences for hybrid cars and competition from challengers like BYD and Xiaomi.