The Demise of the Global ICE Industry: China's Stunning Role in Leading the BEV Revolution

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Arie Lewin (Duke University, North Carolina) Martin Kenney (University of California, Davis)

The Demise of the Global ICE Industry

China's Stunning Role in Leading the BEV Revolution

Arie Lewin (Duke University, North Carolina), Martin Kenney (University of California, Davis), El (Emily) Shu (North China University of Technology) , Liang Mei (Peking University, Beijing)

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English

Cambridge University Press
30 October 2025

Globalization; Business strategy; Manufacturing industries; Alternative & renewable energy sources & technology; Transport technology & trades

Series: Elements in Business Strategy

Summary
Details

The precipitous growth of the EV industry in China and its rise to global leadership are astounding and could not have been predicted a decade ago. This growth was propelled by Chinese central government initiatives embedded in several five-year plans that directed attention to a vaguely defined idea of 'new energy' vehicles (NEVs). Bottom-up responses to these initiatives involved many new entrepreneurial startups, intense interprovincial competition, and local government support for NEVs. The surge of entrepreneurial startups enabled China to lead in production and technological innovation in this developing EV industry and led to the disruption of the internal combustion engine industry. The Element analyzes how the dismissal of Tesla as a curiosity led to China's global dominance in the EV industry and to batteries becoming the most important arena of global technological competition in the early twenty-first century. This title is also available as Open Access on Cambridge Core.

By: Arie Lewin (Duke University North Carolina), Martin Kenney (University of California, Davis), El (Emily) Shu (North China University of Technology), Liang Mei (Peking University, Beijing)
Imprint: Cambridge University Press
Country of Publication: United Kingdom
Weight: 275g
ISBN: 9781009455398
ISBN 10: 1009455397
Series: Elements in Business Strategy
Pages: 76
Publication Date: 30 October 2025
Audience: General/trade , ELT Advanced
Format: Hardback
Publisher's Status: Active