August 16, 2018

China powers towards global electric vehicle supremacy

China has taken pole position in yet another industry.

The electric vehicle revolution is accelerating at unprecedented speeds with the news that China has doubled electric vehicle (EV) production this year.

Doubled EV production comes hot on the heels of a global shift towards renewable energy storage made possible by lithium-ion batteries.

The companies leading the charge have been the likes of Tesla and BYD – two electric car manufacturers from two economically (and politically) opposed regions of the world.

Written by George Tchetvertakov
Published by Small Caps