China boasts an electric vehicle fleet about as large as the rest of the world’s combined, vast and growing oil stockpiles, diversified supplies of oil, and gas and an electricity grid that is almost insulated from imports thanks to domestic coal and renewables.

China imports lots of oil, but in contrast to other major Asian importers, it is careful to stay independent of any one supplier.

Take Japan: Tokyo normally buys nearly 80% of its oil from Saudi Arabia and the United Arab Emirates. China bought the same share of oil from eight countries, including large amounts of discounted oil from Russia, Venezuela and Iran, which U.S. sanctions place off limits for most buyers.

Less than 20% of China’s oil imports are from any one source.

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