Stephen Dyer
Partner & Managing Director, Shanghai
As China’s reform and opening efforts have matured, so have its strategic industrial policies. There are three main rationales for developing the new-energy vehicles (NEV) industry:
Throughout the 20th and 21st centuries, hydrocarbons have been the primary source of energy for modern economies. Access to a plentiful and inexpensive supply of oil is high on the strategic agenda of every nation. China imports a majority of its oil; anything that reduces its dependence on foreign oil and shifts reliance to domestic sources such as coal, renewable and nuclear energy, is beneficial.
In this article, AlixPartners automotive and electric vehicle expert Steve Dyer discusses the importance of NEVs in China, as well as how China approaches NEV industry development. The article also explores the growth drivers of the NEV market and how all the various NEV brands are fighting to survive in China. Continue reading the full article to learn more.
This article was first published on The American Chamber of Commerce, Shanghai bi-monthly magazine: September/October 2021 edition.
The opinions expressed are those of the author(s) and do not necessarily reflect the views of AlixPartners, LLP, its affiliates, or any of its or their respective other professionals or clients. This article regarding If you build them, they will drive (“Article”) was prepared by AlixPartners, LLP (“AlixPartners”) for general information and distribution on a strictly confidential and non-reliance basis. No one in possession of this Article may rely on any portion of this Article. This Article may be based, in whole or in part, on projections or forecasts of future events. A forecast, by its nature, is speculative and includes estimates and assumptions which may prove to be wrong. Actual results may, and frequently do, differ from those projected or forecast. The information in this Article reflects conditions and our views as of this date, all of which are subject to change. We undertake no obligation to update or provide any revisions to the Article. This article is the property of AlixPartners, and neither the article nor any of its contents may be copied, used, or distributed to any third party without the prior written consent of AlixPartners.