China’s EV Wars: Innovate or Die Trying
Think Tesla’s unbeatable? Think again. China’s EV giants could soon send Musk packing. Will innovation bury legacy automakers?
China’s electric vehicle industry is exploding with brutal competition driven by rapid innovation. BYD dominates, unveiling futuristic tech like its free self-driving software “God’s Eye,” drone-equipped vehicles, and ultra-fast chargers.
Foreign giants Tesla and Volkswagen struggle, losing market share despite efforts to partner with Chinese tech firms like Huawei and Alibaba. Survival now depends on speed and creativity.
To win this fierce battle, companies must:
- Quickly adopt smart car technology.
- Make charging faster and easier.
- Deliver unique, futuristic features continuously.
In disruptive markets, I’ve seen companies thrive by boldly investing in tech and partnerships. How are you preparing your company to lead—not follow—in your industry’s next innovation war?
Read the full article on Financial Times.
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