China may increasingly seek to use its dominance in the global electric vehicle industry as geopolitical leverage, giving Beijing greater influence over countries dependent on its technology and supply chains, according to analysts. “With China, the strategy is different. It’s to overwhelm the industry, capture it, and use it ultimately as leverage,” said Michael Dunne, CEO of Dunne Insights, an auto advisory firm. “When it comes to crunch time, they say, ‘Oh, by the way, we’re the source of all...
China has shipped a record number of electric vehicles (EVs) overseas from a Shanghai terminal, carried by a new generation of China-built car carrier ships – the latest instance of the country’s products taking on an even larger role in global supply chains. The Malta-flagged Glovis Nova, a newly delivered vehicle carrier built in China, loaded 7,738 new energy vehicles at Shanghai’s South Port Terminal on Sunday, setting a new domestic record for the number of vehicles shipped from a Chinese...