China has spent at least $230 billion to build its EV industry, new study finds
China spent $230.8 billion over more than a decade to develop its electric car industry, according to the Center for Strategic and International Studies.
![China has spent at least $230 billion to build its EV industry, new study finds](https://image.cnbcfm.com/api/v1/image/107431539-1718943361374-gettyimages-1236982243-China_Qingdao_Electric_Car_Production.jpeg?v=1718943437&w=1920&h=1080)
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