Laser-like focus, perseverance and plenty of cash have enabled Chinese manufacturers to dominate the electric-vehicle battery sector.
[Editor’s note: This is the first in a series examining China’s ascendant electric vehicle sector. We examine key players, their strategies and how China has come to dominate EV manufacturing, challenging Tesla and leaving established carmakers in the dust.]
What’s at stake?
Chinese manufacturers command the global electric-vehicle battery market. Indeed, about three-quarters of the world’s EV batteries are made in China. But competition is fierce, and the search for new battery chemistries based on plentiful materials may chip away at China’s lead.
The opening round of the strategic competition for electric vehicle battery dominance is over: China has won.