Auto + Aviation
Electric vehicles

How smart cars are overturning China’s age-old auto supply chain

How smart cars are overturning China’s age-old auto supply chain
Getty Images

Visitors experience the next-generation Hongqi holographic intelligent cockpit at the Shanghai Auto Show in China.

Synopsis

China’s electric vehicle penetration rate is already the highest in the world — accounting for 30% of the global new-energy vehicle sales, followed by Europe with over 20%, and the US at 8% in 2022, according to the International Energy Agency. This presents both challenges and opportunities ahead, feel experts.

By Caixin Global
8 mins read,
By Yu Cong, Liu Peilin, Qu Yunxu and Bonnie Cao China’s auto industry supply chain faces profound changes as the electric and smart-car transition accelerates, breaking up the old supply system and bringing in new competitors. “China’s electric vehicle penetration rate is already the highest in the world, and the entire automotive supply chain is undergoing an overhaul,” a state-owned investment company executive said. “Challenges and

To Read the Full Story, Become an ET Prime Member

Access the exclusive Economic Times stories, Editorial and Expert opinion

Subscribe Now

Monsoon Offer

Get flat 20% off

on ETPrime membership

Membership Benefits

Access the exclusive Economic Times

Stories, Editorial & Expert opinion

Complete Access with ET Prime

Experience your Economic Times newspaper, The way you've always liked!

Get to know where the market gurus invest & grow your portfolio.

Stock Report Plus

In-depth stock analysis for 4000+ companies

Stock Analyzer

Instant stock analysis based on Solvency, Profitability, Growth, Valuation, Momentum, Risk & More.

Now Available with ET Prime

Manage your money efficiently with this weekly guide.

Clean experience

with minimal ads

Easy & distraction-free reading with 90% less ads

Sharp Insight-rich,

In-depth stories across 20+ sectors

1500+ Exclusive stories & analysis across sectors to help you stay informed

Get One Year Times Prime Subscription worth ₹1199 for free

Get 1 Year Complimentary Subscription of TOI+ worth Rs.799/-

Enjoy unlimited access to breaking news and thought provoking stories from all around the world.

Get One Year Docubay Subscription worth ₹999 for free

Stream award-winning international documentaries from more than 100 countries.

Offers By Our Partners

Exclusively for ET Prime Members

Members Love Us

The stalwarts of the industry trust ET Prime for insightful analysis & unbiased thought pieces

Gift a story

Your membership includes Story Gifting Credits. Now gift exclusive stories to your friends & peers.

Comment & Engage

with ET Prime community

Communicate & build a connection with great minds of the industry

A trusted team of

Journalists & Analysts

Unbiased perspective & detailed reporting by our team of journalists who have in-depth knowledge and years of experience