Part 2/10:
China's technological prowess is especially evident in the automotive industry. The nation has emerged as the world’s largest market for electric vehicles (EVs), due in large part to innovative manufacturers like BYD. This surge in EV sales has contributed to China solidifying its role as the largest battery producer globally.
In the renewable energy sector, China is pivotal, controlling an astonishing 80-95% of the global supply chain, with forecasts suggesting that 60% of the world’s renewable energy could be sourced from China by 2028. The leadership extends to drone technology as well, where Chinese companies, particularly DJI, are recognized for their dominance; an estimated 70% of drones buzzing overhead are manufactured in Shenzhen.