05 Sep Financial Times : Can anyone challenge China’s EV battery dominance?
Media Source : Financial Times
Technology breakthroughs and trade barriers will be needed to take on CATL and BYD
“The rest of the world’s ‘miss’ on batteries is that they prioritised battery chemistry tied to performance, not affordability,” said Bill Russo, founder of consultancy Automobility and Chrysler’s former China head.
“What we’ve discovered in China is that electrification, and the democratisation of the EV, prioritises consumer affordability. By making it cheaper, China wins.”