China is far ahead of the rest of the world in the development of batteries that use sodium, which are starting to compete with ubiquitous lithium power cells.
The facility will produce batteries the size of shipping containers to help electric utilities stabilize grids and use more renewable energy.
Neo Performance Materials of Canada announced a deal to begin mining in Greenland for the metals, which are a key component for electric cars.
Neo Performance Materials of Canada announced a deal to begin mining in Greenland for the metals, which are a key component for electric cars.
Everyone knows the biggest winner from electric cars: Tesla. Few outside the auto industry know the other big winner: the battery maker CATL.
Fueled with money from Wall Street and local officials, automakers plan to build eight million electric cars a year there, more than Europe and North America combined.
Nio can tap an extensive supply chain that Beijing has built to achieve its dream of dominating the manufacture of electric cars.
With government support and lavish subsidies, Chinese companies have come to dominate the market for batteries, motors and other essentials Detroit may need for its new fleets.