China expert Kaiser Kuo attended this year’s World Economic Forum in Davos and wrote up the three trends shaping China’s development for the Weforum. Including how China is managing multiple transitions, its role in the global industry, and the country’s latest breakthroughs in artificial intelligence.
Kaiser Kuo:
The electric vehicle sector emerged as a prime example of China’s evolving role in global industry. Pan Jian, co-chairman of Chinese EV battery giant CATL, emphasized the need for global collaboration: “It’s not going to be a one-country effort in terms of EVs. It’s going to be a global effort.” He highlighted China’s success in fostering a robust EV ecosystem through what he called a “perfect marriage between the public and private sectors,” while noting that software integration has been crucial to China’s EV success: “In China, we no longer call them EVs; we call them EIVs — where the ‘I’ stands for ‘intelligent.’ The ‘I’ is what truly makes the difference. Without the intelligence aspect, EV penetration in China would never have exceeded 30%.”
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