Gear up for safety: Investing in a new automotive future in China

Authors

  • Sazib Hossain Nanjing University of Information Science & Technology, Nanjing, China
  • Touhidul Islam Nur Nanjing University of Information Science & Technology, Nanjing, China

DOI:

https://doi.org/10.51594/farj.v6i5.1122

Abstract

China's electric vehicle (EVs) sector has experienced rapid growth over the past five years, driven by the country's ambition to lead in EV technology globally. As the automotive industry evolves, safety measures become increasingly important for manufacturers and consumers alike. The shift towards EVs is reshaping the automotive industry, posing challenges to traditional industry leaders and raising geopolitical concerns. China's emergence as a hub for EV production has supported this change. Evaluating strategies to mitigate the impact of Chinese-made automobiles, considering their cost-effectiveness and competitive advantage, is crucial as China's cars become more affordable and high-quality. Understanding the potential outcomes of investing in safety is crucial for navigating the complexities of the Chinese automotive market and establishing a sustainable presence in the industry. This study examines the potential outcomes of investing in safety in the Chinese automotive landscape, taking into account factors such as the business environment, regulatory landscape, cultural nuances, and market dynamics. It aims to provide direction for new investors and insights for new automotive companies entering the Chinese market, while emphasizing safety standards and innovation.

Keywords:  Electric Vehicle, Investment Safety, Business Environment, Regulatory Landscape, Cultural Nuances, Market Dynamics.

Published

2024-05-09

Issue

Section

Articles