The Key to Electric Cars Is Batteries. One Chinese Firm Dominates the Industry
Beijing built the world’s largest EV market, then pressured foreign car makers to use its batteries
SHANGHAI: A little-known Chinese company has become the world’s biggest maker of electric vehicle batteries.
Beijing engineered a scenario that didn’t give the world much choice.
China is by far the biggest EV market, and to boost its standing in the fast-growing industry, China began pressuring foreign auto makers to use locally-made batteries READ MORE…