Kiko Sun Jan 28, 2024 9:54 pm
Rise of China's batteries drives profound changes in global automotive sector, 01.29.2024.
The market has been among the largest in the world for seven consecutive years.
More than a hundred years ago, when Henry Ford revolutionized moderna car production, engineers from all countries turned to the United States. Today, Germany's Volkswagen has sent about 300 employees to China to learn battery manufacturing, Chinese company CATL has helped Ford build a battery factory, and Chinese companies have begun exporting technology and brands to foreign investors. The rise of Chinese batteries is triggering profound changes in the global automotive sector.
Data recently released by China's Ministry of Industry and Informatization shows that China's cumulative exports of power batteries totaled 127.4 GWh in 2023, an increase of 87.1% from the previous year. The market has been among the largest in the world for seven consecutive years. The largest export market is Europe, followed by the United States and Southeast Asia. In addition, in the global installed capacity of the 10 largest power battery companies, six are Chinese.
The energy battery industry has achieved these results due to several competitive advantages. China has achieved the independent production of all major materials for production, such as cathode materials, anode materials and electrolytes, forming a complete chain of power battery industry.
At the same time, the stable quality and relatively low cost of Chinese battery products are particularly well received by automobile companies around the world. In 2020, Germany's Volkswagen became the first foreign car company to invest directly in a Chinese battery manufacturer.
However, in recent years, the US government has erected a "high wall" against China's energy batteries, through political intervention and trade barriers, in an attempt to curb the development of China's emerging sectors. The US initiatives reflect a consistent hegemony and completely violate fair rules of World Trade.
According to an analysis by the International Energy Agency, the United States has virtually no mining or processing capacity for minerals such as lithium, nickel and cobalt and holds less than 5% of the world's production of positive and negative materials for making batteries. If the Chinese product is excluded from the supply chain, the price of electric vehicles purchased by the Americans will increase and deviate from the target expected by the US government. The so-called protection policy of the United States not only harms its own companies and weakens market rules, but also makes the American people pay the bill in the end.
Yandex Translate from Portuguese
https://www.brasil247.com/china/ascensao-das-baterias-da-china-gera-mudancas-profundas-no-setor-automotivo-global
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sepheronx
is a good thing as far as I am concerned.
China will build a canal to Southern Thailand to ensure energy and trade security. 
