‘China’s Elon Musk’ uses just two numbers to demonstrate why his country’s auto industry is now outcompeting the U.S. and Europe
If you want to know why the most technologically advanced cars are currently built in China rather than the United States or Europe, two numbers describe the breakneck pace of innovation there. Fifty represents the penetration rate of so-called new energy vehicles (NEVs) as a share of the overall Chinese market. In other words, an…