China has reached a significant position in electric vehicle production. According to the ICCT report, Chinese manufacturers made substantial gains in the zero-emission vehicle market last year.

The report states that China sells more than 11 million electric vehicles annually, accounting for more than half of global electric vehicle sales. European car manufacturers, however, faced losses this year.

Tesla maintains its leadership despite recent sales declines. However, Chinese manufacturers like BYD and Geely are quickly closing the gap. This situation creates significant competition in the global automotive industry.

Drew Kodjak, CEO of ICCT, noted that as Chinese automakers expand globally, other leading manufacturers are under pressure to accelerate their transitions.

The rapid development of the electric vehicle market in China provides technological and production advantages for these companies. For the global automotive industry, this situation presents a significant opportunity to remain competitive.