It is no secret that China is dominating the electric vehicle market. Thanks to its supply-chain advantages, access to raw materials and processing, and rapid innovation, the cleantech superpower has always placed itself at the avant-garde of EV competition.
Corporate Knights’ annual Global 100 ranking adds more grist to that mill. Of the nine automakers on the list, six are based in China: XPeng (20), Li Auto (29), Nio (30), Zhejiang Leapmotor Technology (43), Seres (63) and Yadea (60), which mainly makes electric two-wheelers. Tesla is a U.S. company, but about half of its production is in China, and BorgWarner, headquartered in Michigan, also has plants in China. A significant number of Western automakers use Chinese batteries in their newer models, too.
But China’s EV market can be hard to…