China became the world's factory by selling cheap goods. This strategy won't work for EVs.

• China, the world's factory, is known for producing affordable goods quickly.
• But China EV makers shouldn't leverage on their price advantage in the long run as it's not sustainable, said a Bain consultant.
• The EU will impose up to 48.1% tariffs on Chinese EV imports next month to protect European economies.

China has been the world's factory floor for the last 40 years, propelling it into the position of the world's second-largest economy.

This ability to make affordable products quickly is one of China's key advantages in many product categories.