How progress, not just profit, drives China's approach to industry

Summary

The article discusses China's strategic approach to economic growth, emphasizing cost efficiency and long-term dominance, particularly within the electric vehicle (EV) sector, represented by companies like BYD and supported by renewable energy advances. It contrasts with Western profit-driven models, highlighting China's push towards technological self-sufficiency and global leadership in green technology. The tags such as BYD Company, Berkshire Hathaway, Toyota, Xiaomi SU7, and China are directly related to China's electric car and renewable energy advancements, which are reshaping global markets and technological competition.