Fengming Lu (@FengmingLuPE) “Why did private firms, not state-owned enterprises (SOEs), come to dominate Chin” — TopicDigg
Fengming Lu
@FengmingLuPE
Lecturer (Assistant Professor) of Chinese Politics at ANU | Chinese Politics, Political Economy, and Elite Politics | EV expert | Car guy for 30+ yrs | 陆风鸣
加入 June 2026
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Why did private firms, not state-owned enterprises (SOEs), come to dominate China’s EV sector?
My new @ChinaJournal article (co-authored with Xiao Ma @maxiaoalex) challenge the "top-down industrial policy" narrative.
The real engine? Strategic alliances between local governments and private capital. 🧵
Based on 3+ years of fieldwork, 60+ interviews (with officials, entrepreneurs, and engineers), and rich first-hand accounts, we show how strict central regulations inadvertently drove local states to bet big on private EV players.
Here is the story: (1/15)
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