War in Iran Gives Chinese Automakers a Chance to Fill the EV Void The war in Iran has sent shockwaves through the global economy, but for Chinese automakers, it's a golden opportunity.
American car companies like Ford and General Motors have pulled back from electric vehicles (EVs) due to slumping sales, creating a void that Chinese manufacturers are poised to fill.
Chinese automakers' success can be attributed to their long term strategy, which began in the early 2000s with hiring consultants to learn how to compete with Western companies.