In our last podcast on electric vehicles in China, we discussed why they’ve failed to live up to expectations, and whether there’s a future for this technology here. In this podcast, we take the conversation a step further and propose a solution. In a new report, published this week by McKinsey’s China Auto Hub, we argue that China’s auto industry can and should indeed go electric. But China’s government policymakers and auto manufacturers should consider adopting a different technological solution, and target a very different set of customers.
Nick Leung, Managing Partner of McKinsey’s Greater China Practice, is joined in this conversation by Axel Krieger and Paul Gao. They’re Partners who lead McKinsey’s China Auto Hub.