Because the electric-car market in China dwarfs those of all other countries, foreign firms see it as a fight for their futures.
China accounted for 60% of the 1.3 million electric-only cars sold globally last year.
For China, the competition will test whether the country’s industrial push has advanced to the point where homegrown companies, such as Beijing Electric Vehicle, can best Western rivals in a still-fledgling industry in which global leadership has yet to solidify.
Read the article at Fortune.
