Successes, Subsidies, and Safety Concerns in China’s Electric Car Industry

China’s export of electric cars reached 1.2 million vehicles in 2023.

Electric cars for export waiting to be loaded on the BYD Explorer NO.1, a domestically manufactured vessel for exporting Chinese vehicles, at Yantai port, in eastern China's Shandong province, on Jan. 10, 2024. STR/AFP via Getty Images

During the Chinese Communist Party’s (CCP) “Two Sessions” meeting in March, the regime put forward a concept of “new quality productive forces” to promote China’s new energy vehicles or electric vehicles.

Last year, China surpassed Japan to become the world’s largest exporter of automobiles, exporting nearly 5 million cars in total, of which 1.2 million were new energy vehicles.

CCP’s Massive Subsidies

Guo Jun, editor-in-chief of The Epoch Times’ Hong Kong edition, said on the “Pinnacle View” program that statistics show Japan’s car exports increased by 16 percent to 4.2 million vehicles in 2023, while China’s car exports increased by 58 percent to 4.91 million vehicles, surpassing Japan for the first time to become the global leader.