China is a good example of this China penetrations to other markets is as a result of how they exposed their economy to completion with other economies which made them to realize the areas that they are lacking while improving their products quality so one way that will help any economy grow is competitive environment

Traditionally, it took four to five years for a car to go from a sketch on a blank piece of paper to a production model. In the fast-moving electric vehicle era, Chinese automakers are tearing up that playbook.

They’ve cut EV development timelines down to just two years, heralding a new era of rapid-fire rollouts. The approach is less like Detroit and more like Silicon Valley. New cars in China now arrive with the frequency of smartphone or laptop upgrades.

Naturally, traditional automakers are being forced to reckon with the warp-speed development cycles coming out of China. Even Toyota—the world’s largest carmaker by sales—has been rattled. It’s struggling to keep pace in a brutally competitive Chinese EV market where brands like BYD, Xpeng, Zeekr and Chery are duking it out for supremacy.