China EV/PHEV OEMs & heavy equip globalization

BYD retakes BEV crown; China NEV exports +120% H1 2026; electric heavy truck sales surge 85% YoY, 30% penetration. Autonomous mining tech emerges as Western blind spot. Chinese OEM globalization faces friction in mature markets; foreign suppliers leverage dual-identity value. Fleet leasing pivots to ecosystem management. MIIT targets 30% NEV ownership by 2030. Renault shows profitable counter-strategy. China is now a generation or two ahead in battery chemistry, intensifying competitive pressure. Chinese suppliers crack top 100 global rankings – CATL jumps to No. 3, 16 Chinese firms tied with US. Battery-swapping still hasn't made highway fast charging obsolete; standardization hurdles and rapid improvement of 800V/SiC charging reinforce plug-in dominance.