Abstract
ABSTRACT Several Chinese companies have emerged as global competitors in the non-traditional automotive industry and have become attractive partners for foreign firms in high-technology development. To identify the motives behind such strategic partnerships in the new energy vehicle industry, we combine dynamic capabilities with institutional factors of both national and emerging regional levels generated by the Belt and Road Initiative. Case studies of BYD, SinoHytec, Hino, and Toyota’s joint ventures reveal that besides pursuing complementary technology, firms are being pushed into NEV production by government policies targeting carbon neutrality while strategic alliances with Chinese companies may yield facilitated access to BRI projects.
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