Title：The Electric Vehicle Revolution: A New Track for Industrial Competition among Major Countries

Authors：Wei Li, Yue Zou, Caihua Zhu

Abstract：The automobile industry is a pillar industry of the national economy, because it is closely related to many industries and contributes to the development of other industries, and it has always been an area of strategic importance for industrial competition among major countries. Since the start of the Industrial Revolution, countries such as the United States, Germany, Japan and the Republic of Korea have successfully established their status as major automobile powers through technological innovation and capacity expansion, which has also contributed to their emergence as global industrial powers in different periods. The new technological route brought about by the electric vehicle revolution is reshaping the competition landscape of the global automobile industry and providing an important “window of opportunity” for latecomer countries to catch up. To compete on this new “track” for the electric vehicle industry, major economies have been cultivating a favorable environment for the development of electric vehicle industry chains through domestic industrial policies and international economic diplomacy. Faced with the rare opportunity to overtake other countries in the automobile industry and the increasingly fierce international competition, China needs to make efforts in both domestic affairs and diplomacy fronts to gain a leading position in electric vehicle manufacturing and help China fulfill its “dream of becoming a powerful country” for China’s automobile industry.

Keywords：Electric Vehicle, Supply Chain Security, Industrial Policy, Industrial Competition among Major Countries, Strategic Industry