In the field of electric vehicles, Tesla is not alone, but presents a status quo. In the future, China will lead the world in the field of electric vehicle development. It is estimated that sales will reach 54% in 2040.
When you see an electric car, the first reaction may be Tesla. Electric cars = Tesla's stereotypes have indeed changed, and Chinese automakers are trying to catch up with this field and may even be a global leader. This article was translated from the article on the 22nd page of the TIME Magazine January 29 issue, China takes the pole posiTIon in the electriccar race, by JusTIn Worland. 1 
BYD Lab in Shenzhen, waiting for the car to be tested
Just take a look at the recent news about Tesla, and you'll think that the observers who know nothing about the things that "the dream of turning the world to electric cars are bankrupt" seem a bit reasonable. Tesla is known for its electric vehicles. In the past year, the company has been working hard to deliver the promise of the MODEL3, which is worth $35,000. However, the delay in the production of internal car batteries and the delay in the supply of external suppliers have led to the efforts to deliver this model. The company’s founder and president, Elon Musk, called it “a complete production disaster†and A burst of embarrassment for consumers on social media, the company claimed that its losses in the third quarter have reached a record $600 million.
Tesla claims that in the middle of 2018, the weekly output could reach 5,000, but the company said so last year.
At a time when Tesla is struggling to maintain its position as the world's leading electric car brand, traditional car manufacturers in the US and Europe have invested billions of dollars to advance the technology. In addition, many Chinese companies are not willing to pay, and the number of electric vehicles produced each year can reach hundreds of thousands.
According to preliminary data, the number of electric vehicles sold in China in 2017 was 700,000.John Gartner, an analyst at Navigant Research, said, "It's not a big time for Tesla. It has changed from a single show to a hundred flowers, and everyone has come out."
According to data from Bloomberg New Energy Finance, this battle will determine which country will dominate the future global electric vehicle market, and it is expected that by 2040, electric vehicles will account for one-third of the market for passenger cars. Although the current ratio is less than 1%. In this race you chase after, China has now gained the upper hand.
It is estimated that in 2040, the proportion of electric vehicle sales will reach 54%According to a report, Ford Motor Co. executive chairman William C. Ford said in Shanghai last December: "It is clear that China will lead the world in the field of electric vehicle development in the future. I am sure."
To some extent, Musk’s “production disaster†is helpful to explain why China has an advantage in developing the future electric vehicle industry. Although Tesla has top-notch design, engineering and marketing talent, it has been mired in the quagmire of basic manufacturing, like a beastly struggle. Attempts to implement automated processes in the factory have failed, and the company is now working hard to ensure that supply chain operations remain normal to meet the scale needed to produce electric vehicles for the mass market. Musk has taken responsibility for all delivery delays, but underestimated their importance – he told investors in October: “In the overall grand plan, this change is actually negligible.â€
China has invested heavily in the development of the electric vehicle industry. It provides buyers with a $15,000 subsidy per vehicle, threatening to create sales barriers for manufacturers that do not produce electric vehicles, and relying on the National Highway Network to build electric vehicle infrastructure such as charging stations. Earlier this month, China resolutely stopped the production of more than 500 heavily polluting models. According to the analysis of the Financial Times, China is expected to spend about $60 billion in electric vehicle subsidies in five years by 2020.
Such assistance quickly cultivated a group of Chinese automakers, such as BYD, the Great Wall and Lifan. According to the International Energy Agency, by 2020, China's electric vehicle manufacturers are expected to produce more than 4.5 million electric vehicles a year, compared to only one million Tesla.
To date, China's electric vehicle products have largely broken the market for developing countries, and Tesla has been favored in the European market. However, it should not be overlooked that Chinese automakers have recently made great efforts to expand their global business. GAC Auto officially announced on January 15 that it will enter the North American market in 2019.
At a meeting last summer, Musk said, “Sometimes people think that in terms of sustainable development, China is either dragging its feet or there is a gap of 108,000 miles with the United States, but the truth is that they are catching up. And it’s coming."
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