Chinese companies are taking over the EV market. What’s behind their meteoric rise?

Chinese electric vehicle makers are taking over the global auto market. Per The Conversation (Australia), after two decades of government subsidies and ruthless domestic competition that squeezed out roughly ninety percent of early entrants, companies like BYD have become mainstream competitors. This month, China overtook Japan as Australia's primary vehicle source—Chinese-made cars now represent nearly thirty percent of new Australian sales. But the growth masks underlying pressure: domestic demand at home is weakening, making overseas markets essential for absorbing excess production.

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