In the second of a four-part series on the fuel of the future, Yujie Xue looks at the opportunities, threats and challenges China faces in dominating the industry.
Driven by robust new energy vehicle demand, China's power battery industry has seen growing sales and production, with emerging technologies expected to accelerate its high-quality development, officials noted.
The Chinese government will likely take action to retain the country s leading position in the battery sector. State-owned media reported that China may offer CNY6 billion (US$844 million) to six major battery and EV makers to facilitate all-solid-state battery R&D.