China's electric vehicle (EV) industry is experiencing a transformative boost, attributed to a rich talent pool of software engineers shaped by the tech sector, as highlighted by Pan Jian, co-chairman of CATL. Major tech companies like Xiaomi and Tencent have cultivated a knowledgeable workforce, giving Chinese EV manufacturers a significant edge over their Western counterparts. Sales have surged, with projections of over 12 million EVs sold this year, marking a pivotal moment as they surpass conventional car sales for the first time, driven by government incentives and competitive pricing.
They have the benefit of tapping into a very huge talent pool, a software engineer talent pool, cultivated by the internet consumer and smartphone businesses in the past.
EV sales in China are set to jump 20% this year to more than 12 million, overtaking conventional car sales for the first time.
Government incentives and intense price competition among players including BYD, Xpeng, Zeekr, and Nio have boosted EV sales in China.
Xiaomi's $30,000 SU7 electric sedan surpassed 100,000 sales last year and wowing Ford CEO Jim Farley.
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