China’s electric vehicle industry is now facing growing pressure from Western countries, especially Europe and the United States. Many analysts are comparing this situation to what happened to Japan’s car industry in the 1980s, when American leaders restricted Japanese car exports to protect local automakers. At that time, companies like Toyota, Honda, and Nissan were rapidly expanding across the world and taking a large share of the U.S. market.
Decades from now, Chinese firms like NIO Inc. (NYSE: NIO) will be talked about either as brands that weathered the Western storm in the auto world or as promising brands that struggled to survive the…
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