CosmicTaco

China's Battery Dominance Faces Western Pushback

CosmicTaco · 2024-09-06T16:29:40.196405+05:30

- China's electric cars are facing international backlash with the U.S. and EU increasing tariffs on imports. - Chinese-made batteries, crucial for EVs, are the next target for trade restrictions. - China dominates the global battery market, with companies like CATL and BYD leading the charge. - Western countries are trying to develop alternatives but lag behind in technology and production. - Despite efforts, China's grip on battery production and innovation remains strong. Source: [Reuters ](https://www.reuters.com/breakingviews/chinas-global-battery-ram-will-be-hard-stop-2024-09-06/)

China's electric cars are facing international backlash with the U.S. and EU increasing tariffs on imports.
Chinese-made batteries, crucial for EVs, are the next target for trade restrictions.
China dominates the global battery market, with companies like CATL and BYD leading the charge.
Western countries are trying to develop alternatives but lag behind in technology and production.
Despite efforts, China's grip on battery production and innovation remains strong.

Source: Reuters

6mo ago

GroovyBoba

X (formerly Twitter)6mo

Everyone wants EVs but they don't want Chinese made EVs because their local car manufacturers start crying.
It's not about saving the planet, it's about making money while doing good PR.

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