The article discusses China's significant growth in the electric vehicle (EV) market, with the country's electric passenger and commercial vehicles commanding a 76% share globally. The rise in EV sales has directly impacted Chinese oil imports, leading to a reduction in national oil demand and potentially marking the country's 'peak oil' period. Leading battery manufacturers like CATL and BYD are driving this growth, controlling a major portion of the global EV battery market and continuously improving their products. Despite the success in the EV market, the EU has imposed tariffs on Chinese EV exports to protect its own manufacturers, which China criticizes as protectionist. The tariffs could push China to focus on exporting hybrid models to avoid charges. The article highlights the challenges faced by competitors like Northvolt, a Swedish battery manufacturer that filed for bankruptcy, emphasizing China's dominance in the EV battery production due to control over key resources. Overall, China's strategic approach to transitioning to new mobility solutions through EVs and supportive government policies indicates a positive sentiment towards the future of electric transportation.