| Summary/Abstract |
During the last decade Shandong experienced a phenomenal boom in the production of low-speed electrical vehicles (LSEVs), but few scholars have paid attention to its emergence and success. This article proposes an agile production innovation (API) framework for understanding how various factors shape the market order and technological trajectories in the industry. The API can avoid the boom peak in the regular innovation cycle and pursue a market position via an alternative pace. It identifies elements including agility in products, openness, targeting marginal markets, and flexible regulations that determine how the LSEV firms strategically and responsively react to the dynamics of technological and market changes. This proposed framework sheds light on China's specific business and industrial development paradigm in the emerging fields that lack formal rules and regulations.
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