...Roughly 55 percent of global lithium-ion battery production is already based in China, compared with 10 percent in the U.S. By 2021, China's share is forecast to grow to 65 percent, according to Bloomberg New Energy Finance.
"This is about industrial policy. The Chinese government sees lithium-ion batteries as a hugely important industry in the 2020s and beyond," Bloomberg New Energy Finance analyst Colin McKerracher said…
...while China lacks a dominant battery behemoth, it makes up for it with a constellation of smaller players, including Amperex Technology Ltd., Tianjin Lishen Battery Joint-Stock Co. and dozens of others.
Earlier this year, the Chinese government announced plans to consolidate battery manufacturers to help the industry mature...
