China misjudged the rapid expansion of its electric vehicle sector, leaving a shortfall of skilled technicians as young people shun manufacturing careers.
Chinese electric vehicle companies like Nio are pulling ever further ahead, partly through government support but also rapid technological advances.
Even as China’s other exports falter, its carmakers are seeing big increases in overseas sales, mainly for gasoline-powered models.
No country has had more export success than China. But Beijing faces risks in turning to the tested method of selling more abroad.
The Shanghai auto show, the largest in China since before the pandemic, had one theme: The dominance of electric vehicles in the world’s largest car market is here to stay.
Domestic companies are now selling more vehicles than their multinational rivals, which have failed to keep up with Chinese consumers’ demand for electric cars and S.U.V.s.
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.