Global Markets
Home›Global Markets›Trade & Tariffs›China’s EV dominance seen as leverage in geopolitical…
China’s EV dominance seen as leverage in geopolitical tech war
Analysts link China’s push to rising exports, including monthly vehicle shipments topping 1 million in June and projected to reach about 12 million by year end.
China’s growing dominance in global electric vehicles could give Beijing greater geopolitical leverage, according to analysts cited by SCMP Economy, especially over countries that rely on Chinese auto technology and supply chains.
SCMP Economy reports that Michael Dunne, CEO of auto advisory firm Dunne Insights, said China’s approach is aimed at overwhelming and capturing the EV industry and then using that position as leverage in other political disputes.
The story also points to the export momentum behind China’s overseas expansion. China’s slowing domestic auto market has pushed carmakers to sell abroad, with monthly vehicle exports surpassing 1 million in June and projected to reach roughly 12 million by year end.
SCMP Economy adds that concerns in multiple countries have centered on alleged “overcapacity,” which governments attribute to state subsidies, a claim China denies.