China spent the better part of a decade making the internal combustion engine look obsolete. Government subsidies, aggressive production targets, and a homegrown battery supply chain turned the country into the world’s dominant EV force. China now commands roughly 70 percent of the global EV battery market. So, it’s more than a little surprising that two of its biggest automakers, Geely and Chery, are pouring serious money into making the gasoline engine smarter, cleaner, and more competitive than it has ever been. Both companies are betting that the internal combustion engine still has a decade or more of relevance left in global markets, and they want to own that space before anyone else …
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Author: Simran Rastogi
