The Rise of China’s Electric Vehicle Industry
How did China grow its EV industry? Hint: it wasn’t really central planning from Beijing. It was a magical concoction of entrepreneurs and local officials using their guanxi to dance around giant SOEs and central-government regulation, leverage private and foreign capital, and just be really excellent business people. That’s led to our situation in 2026 — world-beating companies that have a ton of overcapacity and are set to take over the planet.
To discuss, we have ANU Professor Fengming Lu, who recently wrote a fantastic paper in The China Journal, titled The Rise of China’s Electric…
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