Wall Street Journal: China is torn into the market leaders of electric vehicles
It seems that the phrase bad Chinese car will soon lose relevance. The Wall Street Journal writes about that China is gradually gaining control over the entire production chain of electric vehicles and will soon become a world leader in production of electric vehicles. A at perspective and of the entire automotive market.
How did it happen
AT Unlike conservative men from General Motors, the Chinese authorities quickly realized, for electromotive. AND began to invest gigantic money in development of the industry. Due to this, in China is now one of the most developed chains for production of electric cars - from design and assembly of housings, up to production of batteries and development of software. China does not only Cobalt is enough. AND road to brought to Congo.
And here Congo
Cobalt is one of the important elements in production of lithium-ion batteries. Half of the world's reserves of this metal are in Congo. AND with the support of the Chinese government in Congo appears more and more Chinese firms-miners , due to which the Celestial already produces 77% of the total recycled from cobalt raw materials. Although, as a monopolist in production of cobalt remains the Swiss company Glencore. Thanks to this, the Chinese authorities were able to form a cobalt reserve, which was enough for the whole world on the 15 days to secure your electric vehicle market from pressure competitors.