China is the “800-pound gorilla” of global EV supplies, and it dominates this market in every way, including sales. Last year, China’s exports of EVs increased 131.8% YoY to some 680,000 units, based on official data. In the first half of 2023, the Chinese sold 2,093,000 EVs. Last year’s and this year’s global EV markets are breaking all kinds of records, but China is the clear frontrunner—by miles—accounting for around 60% of global electric car sales, according to the International Energy Agency (IEA).
…How Smart Money Is Playing The $700 Billion EV Boom
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