What does China's rising NEV market bring to the world?

For more: https://www.cgtn.com/video The first quarter of 2023 saw China surpass Japan and Germany to become the world's largest vehicle exporter. In an era where sustainability meets innovation, China's new energy vehicle (NEV) sector is steering the global transition towards greener transportation. What's fueling its multifaceted growth? What hurdles lie ahead for this burgeoning sector? In this episode of The Hub, Wang Guan talks to Tyson Jominy, vice president of data and analytics at J.D. Power, and Xing Lei, co-host of the podcast "China EVs & More" and former chief editor of China Auto Review. Jominy says China's NEV models not only make foreign carmakers more aware of consumers' preferences but also make pricing competitive. Xing lists several innovations from China's NEV market and explains how the country's technological advancements enable car companies to go global. Furthermore, with the 2024 presidential election approaching in the United States, candidates are opining on automobile issues and enacting legislation that targets Chinese companies, but political uncertainty in the end can only bring more shocks to the global supply chain. Subscribe to us on YouTube: https://goo.gl/lP12gA Download our APP on Apple Store (iOS): https://itunes.apple.com/us/app/cctvnews-app/id922456579?l=zh&ls=1&mt=8 Download our APP on Google Play (Android): https://play.google.com/store/apps/details?id=com.imib.cctv