China's decentralized venture model built a structural EV advantage—legacy automakers face eroding market share.

It's been said that even China's population of 1.4 billion couldn't fill all the empty homes. Many are high-rise apartments in gleaming new financial districts that initially failed to take off.

Two seemingly contradictory realities co-exist in China: on one hand, Chinese cities are overpopulated, while on the other hand, there are also empty cities and tall skyscrapers almost entirely ...