In 2005, China only had two EV battery manufacturers. Twenty years later, it produces more than three-quarters of the world's lithium-ion cells. How did it happen?

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In 2005, China only had two EV battery manufacturers. Twenty years later, it produces more than three-quarters of the world's lithium-ion cells. How did it happen?

The private company that promised to be “financially viable on its own” is losing money — and using government subsidies to grow its business.

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