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Why Electric Buses Made in China Are Roaming the Streets of London
Article

Why Electric Buses Made in China Are Roaming the Streets of London

Caijng Wuji, 2019


Editorial Rating

8

Qualities

  • Background
  • Engaging

Recommendation

In 1934, China imported the first double-decker buses from the United Kingdom. When they started touring Shanghai, the gathering onlookers blocked the traffic. Eight decades later, the United Kingdom now imports advanced electric buses from China. The introduction of China’s Belt and Road Initiative in 2013 has boosted Chinese automobile manufacturers interest in foreign markets. Finance blogger – and unabashed Chinese patriot – Jia Lei uses Chinese automaker BYD’s success story as a springboard to explain how Chinese car manufacturers position themselves to capitalize on the growing market of new-energy vehicles. 

Take-Aways

  • The London government has been replacing traditional buses with electric vehicles manufactured by Chinese car company BYD since 2013.
  • Chinese auto companies trying to reach markets in Europe have localized and customized their products.
  • Chinese auto companies like BYD have established themselves in foreign markets by taking advantage of the Belt and Road Initiative and the demand for electric cars.

About the Author

Jia Lei is a writer for Caijing Wuji, a WeChat account that offers interesting takes on business and financial news.