The centralized nature of policymaking in Beijing would enable component standardization to ease the transition from EV to stationary energy storage use, according to Greenpeace East Asia.
The European Bank for Reconstruction and Development is lending €250 million for a project which has expanded from producing an initial 100,000 EV batteries per year to an hoped-for 1 million by 2022, creating 1,000 new jobs along the way.
The Chinese e-mobility company has been hammered since Beijing’s abrupt reduction of electric vehicle subsidies in the summer. Korean outfit LG Chem’s shipment volumes have gone in the opposite direction.
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