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.
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