By implementing policies that heavily incentivize the development and adoption of new energy vehicles (NEVs), China has been able to build itself into a vertically integrated powerhouse for producing and consuming Li-ion batteries. This report reviews China’s ambitious policy schemes for incentivizing NEV development and sales, as well as its more recent stationary storage initiatives. It then examines the strategies that Chinese corporations have used to quickly adapt to these policies and become dominant players in the energy storage and electric vehicle industries, finding the country likely to continue being a dominant player in the Li-ion industry. Note: Lux analysts have reviewed this content in the last six months and deemed it still current and relevant. We will continue to periodically review content for recency and relevance, and will either archive or refresh this content as the situation requires. Please reach out to your Customer Success Manager if you have any further questions.
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