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China s electric vehicle start-ups race for leading position Toggle share menu
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China s electric vehicle start-ups race for leading position The future of the automobile industry is likely to be electric. And if that’s the case, then China looks sets to be a big part of the picture. Money Mind reports.
A staff member hooks up a charging cable to an electric vehicle (EV) at a charging station in Liuzhou, Guangxi Zhuang Autonomous Region, China, Jul 31, 2017. (Photo: Reuters)
23 Dec 2020 06:20AM) Share this content
SINGAPORE: The growth of the electric vehicle has been nothing short of electrifying.
In 2010, there were 17,000 electric cars on the world’s roads. By 2019, that had grown to 7.2 million, according to autonomous inter-governmental organisation IEA.