Stella Li Warns Policy Shifts Hinder Global Electric Vehicle Growth

BYD executive Stella Li warned at the Davos summit that inconsistent government policies are hindering the global transition to electric vehicles by creating uncertainty for capital investment.This statement follows a new trade agreement in Canada that allows thousands of Chinese-made vehicles to enter at reduced tariff rates, directly benefiting companies like Tesla and Volvo.The Chinese automotive sector continues to expand its technological lead through at least 230 billion dollars in subsidies and innovations like the 1,900 horsepower Nebula 1.