China’s EV Revolution Meets the Hormuz Crisis — and the Overcapacity Narrative Dies

Key Points — The 1973 oil embargo made Toyota and Honda global champions overnight. With Brent above $90 and the Strait of Hormuz effectively closed, the same structural shift is underway — this time favoring BYD, CATL, and China’s EV supply chain — For every $10/barrel increase in crude, EV penetration rises more than one […] The post China’s EV Revolution Meets the Hormuz Crisis — and the Overcapacity Narrative Dies appeared first on The Rio Times .

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