
How China accelerated the development of electric cars: 24 months versus 40–50 for traditional automakers
Two decades ago, Chinese cars were mostly trying to catch up with European ones in terms of design, quality, and technology. Today, the situation has turned in the opposite direction. It is Chinese manufacturers who are setting the highest pace for the development of electric vehicles, and Volkswagen, Audi, Toyota, and Stellantis are already gaining experience from the Chinese in order to receive new electronic platforms, software, and electrical technologies more quickly.
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Source: Institute of Car Market Research.