Chinese lithium battery manufacturers made marked progress in their business revenues in the first half of 2022, with industry giants expanding investment in exploring upstream mineral materials to ensure security and stability of their own supply chains. Industry experts predict this year s new-energy vehicle (NEV) sales in China will reach 6 million units.
As Southeast Asian countries aim to seize the opportunity provided by the new-energy vehicle (NEV) industry with a series of favorable policies to attract foreign investment, Chinese NEV makers are leading to pack when it comes to driving new growth.
The recent wave of Omicron outbreaks across China is sending shockwaves through vehicle industry chains, with auto parts manufacturers being forced to suspend some or all of their production lines to coordinate with the country’s painstaking combat against the virus.
The electric vehicle (EV) market in India, though still quite small with less than 1 percent of the total sales, has huge growth potential if it opts to open to competition by lowering import tariffs, experts told the Global Times, adding that it will offer opportunities for advanced Chinese EV players.
Chinese EV shares rally after Biden recognizes China s lead in sector globaltimes.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from globaltimes.cn Daily Mail and Mail on Sunday newspapers.