China aiming to tap US$23 trillion energy transition market
China, energy transition market
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China, energy transition market
As the heart of electric vehicles (EVs), batteries account for the highest cost in a vehicle. Lithium batteries, after decades of rapid development, now flourish in Chinese market.
Chinese electric vehicle (EV) battery producer Eve Energy has signed a deal with a clutch of foreign firms including Daimler Truck to build a factory in the US, the latest example of China’s growing prowess in manufacturing key components for EVs, reports the South China Morning Post. The Huizhou-based company, the mainland’s fourth-largest EV battery…
Cummins is a good industrial that has sold off. Industrials offering products for a sustainable future can outperform in this decade.