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The world is calling for the rapid arrival of new energy. With the approach of new energy, new energy vehicles are ushered in, and lithium batteries or power batteries are the heart of new energy vehicle manufacturing. The lithium battery resources of electric vehicles have become an important part of the competition. Battlefield. China is the largest player in this field and will most likely be the world's electric vehicle lithium battery resource controller.
According to foreign media reports, countries around the world are scrambling to control the lithium battery resources of electric vehicles. China is expected to surpass the United States and other countries in this global "arms race".
China has become a major player in the electric and hybrid vehicle markets, with sales of electric and hybrid vehicles accounting for half of global sales. China is the second largest economy in the world and is eager to develop this industry in China. The government hopes to import more lithium.
Research and data provider Benchmark Mineral Intelligence managing director Simon Moores said in an interview with the media: "The era of lithium resources has arrived, it is the core component of 99% of electric vehicles, so demand is increasing."
As the demand for electric vehicles soars, the lithium supply transactions signed by Chinese companies continue to increase.
Morse said that the demand for lithium resources appeared a few years ago, until 18 months ago, the renewed interest in electric vehicles in the world triggered a "arms race" around such resources.
China hopes to "control the supply chain of electric vehicles"Governments and automakers have taken steps to develop electric vehicles and further phase out internal combustion engines. Lithium batteries generate more power than conventional batteries.
The global promotion of electric vehicles has helped to reduce carbon emissions, and this effort has been amplified by concerns about air pollution. The Chinese government is also vigorously promoting and promoting electric vehicles.
Jay Jacobs, head of research at Global X, said: "Given the Chinese government's domestic influence, if they want to be the world leader in electric vehicles, they are likely to achieve this goal."
He said: "China not only focuses on electric vehicle manufacturing, but also acquires lithium projects and supports the growth of battery manufacturers so that they can control more electric vehicle supply chains."
The electric car revolution "is seriously misunderstood"Analysts say that Western companies' interest in lithium supply has not yet reached the same level as Chinese companies.
Like China, European and American countries only have limited lithium resources and must rely on imports from other places. Lithium is mainly derived from Australian ore and salt ponds in South American countries such as Bolivia, Chile and Argentina.
Some observers worry that electric car manufacturers such as Tesla may eventually scramble to seize key lithium resources, and China may be the biggest player. However, Jacobs said that even China admits that the global arms race for lithium supply is unlikely to have a "winner-take-all" situation.
Jeffrey ChrisTIan, managing director of CPM Group, said: "The shift to electric vehicles has been seriously misunderstood and oversimplified by governments. It is a transformation that takes decades to complete."
He said: "Some people have confidence in the future of electric vehicles and lithium batteries, but their confidence is based more on belief than on reality."
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