Why it matters: Recently, there has been significant news about China's Electric Vehicle (EV) industry, primarily concerning its statistics. We predict this trend may lead to greater global trade issues. China has become a net exporter of vehicles for the first time in its history. They are selling a lot of EVs to the world, and that will reverberate throughout the global economy. Eurostat, the EU's statistical agency, released the latest data on car trade. China now accounts for nearly 50% of Europe's EV imports. To put this in context, Europeans purchased about 9 million cars in 2022, of which...