Part 3/12:
This integration is transformative because, historically, automotive supply chains relied heavily on auto-exclusive suppliers with global footprints, primarily from Europe, Japan, or Korea. China's strategy involves utilizing its existing electronics manufacturing infrastructure, which has been scaled up over decades, to serve the burgeoning EV market. These electronics giants have established hundreds of manufacturing plants across China, making it possible for Chinese EV makers like BYD or Xiaomi to source high-quality, cost-effective parts domestically.