A new report emphasizes just how far China is ahead of its Western rivals on critical EV battery technology.
A revolutionary car battery that charges in 10 minutes and powers a car for hundreds of miles has been developed in China, raising concerns about Beijing's growing dominance in the global electric vehicles market.A new report from the International Energy Agency highlights significant advancements in chemistry that have enabled a Chinese company to create the new type of high-energy batteries that surpass existing technologies.
Rapid advancements by Chinese companies in EV technology have raised significant concerns among global competitors and policymakers about the country's dominance in battery technology. China has made several breakthroughs in battery chemistry that have positioned itself well ahead of Western rivals, according to the IEA.
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