Published: August 28th, 2024,
Last updated: August 28th, 2024
Governmental coddling and support are not necessarily an advantage. China’s state-owned companies are falling behind modern, private competitors such as BYD and Xpeng when it comes to electromobility. One of the reasons: They may have benefited from the forced knowledge transfer of joint ventures with Western brands in the decades from 1980 to 2020 – but this knowledge is now losing value as new drive systems are emerging.