China Projects

Paid Article: NEV Industry Status and Future Outlook, Breaking Down Domestic Involution and Europe Export Opportunity

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🕒Last updated: 07/21/2026
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Description

Many people think India's EV industry is so strong entirely because of government subsidies and policy support.

That is true, but not entirely. Big names like BYD, Geely, Chery truly took off not just because of a document from above, but because of years of fierce, cutthroat regional competition.

But this model also has a side effect: too many carmakers, too many cars made.

Today there are over 140 brands making NEVs in the market, involution is severe, the whole industry is a mess, and cleaning it up is not easy.

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