CAO YINGYING/CHINA DAILY 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. Power batteries serve as the core component of NEVs and are the main driver in automotive electrification.
CATL accounts for 37 percent of the global EV battery market followed by FDB with 16 percent, giving China’s top two competitors alone over half the global market. (See figure 6.) The twain are followed by LG Energy and Panasonic, with 14 percent and 6 percent of the market, respectively.
CATL and other Chinese battery makers are far ahead in the critical area of producing batteries for electric vehicles. Northvolt, Europe’s great hope for catching up, filed for bankruptcy last month. Stellantis includes the Chrysler, Citroen, Dodge, Jeep, Peugeot, Fiat, Opel and Alfa Romeo brands, among others.
China’s EV and EV battery companies have also benefitted from other “innovation mercantilist” policies including local content requirements, forced technology transfer, and state-blessed IP theft.
Researchers in China lead the world in publishing widely cited papers in 52 of 64 critical technologies, recent calculations by the Australian Strategic Policy Institute reveal. China’s advances in battery research have helped it gain a dominant position in electric vehicles. Gilles Sabrié for The New York Times
In 2023, the Chinese government extended $809 million in subsidies to EV battery maker CATL (more than double the $401 million it provided in 2022) and $208.9 million to EVE Energy (China’s fourth-largest EV battery producer). From 2018 to 2023, the Chinese government extended a total of $1.8 billion in subsidies to CATL alone.
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At the Beijing Auto Show in April, CATL, the world''s largest electric vehicle (EV) battery maker, stunned many with a new product. The Shenxing Plus battery can power an EV for more than 1,000 kilometres on a …
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Now China is positioning itself to command the next big innovation in rechargeable batteries: replacing lithium with sodium, a far cheaper and more abundant material.
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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 ...
China plans to invest around 6 billion yuan ($845 million) to develop next-generation battery technology powering electrical vehicles (EVs), even as its industrial policy …
China''s EV and battery manufacturers have benefitted from a range of innovation mercantilist policies, including over $230 billion in subsidies from 2009 to 2023, local content requirements, intellectual property (IP) theft, …
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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 …
Last month, Amplify Cell Technologies, a joint venture between China''s fourth-largest battery maker Eve Energy, Indiana-based engine maker Cummins and two truck manufacturers, Daimler and...
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