Lithium bat­tery pro­duc­tion for e-cars surges

China Daily (Canada) - - NEWS CAPSULE -

China is the world’s largest mar­ket for elec­tric cars and at the heart of the new en­ergy drive is the lithium bat­tery.

Lithium bat­tery pro­duc­tion is grow­ing at break­neck speed in China, fu­el­ing in­vest­ment in re­search and de­vel­op­ment. This has trig­gered ma­jor break­throughs in the sec­tor as they be­come smaller and gen­er­ate more en­ergy.

The coun­try’s elec­tronic ve­hi­cle sales have sur­passed those of Europe and the United States since 2016, and will con­tinue to lead un­til 2040, ac­cord­ing to a re­port by Bloomberg.

In April, the gov­ern­ment is­sued guide­lines to raise the per­cent­age of e-cars to more than 20 per­cent, or about 7 mil­lion ve­hi­cles, by 2025.

Al­ready new en­ergy mod­els have surged by 14.4 per­cent to 195,000 ve­hi­cles in the first half of this year, ac­count­ing for 1.5 per­cent of auto sales, ac­cord­ing to the China As­so­ci­a­tion of Au­to­mo­bile Man­u­fac­tur­ers.

“China’s new en­ergy ve­hi­cle in­dus­try, as well as the power bat­tery sec­tor, has evolved into a stage where there are ri­val­ries in tech­nolo­gies and re­sources,” said Zhang Xiaofei, pres­i­dent of Shen­zhen Gao­gong In­dus­try Re­search Co Ltd, an in­dus­trial an­a­lytic com­pany, spe­cial­iz­ing in bat­ter­ies, e-ve­hi­cles and new ma­te­ri­als.

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