How much does China support the battery industry?

Researchers at the Center for Strategic and International Studies calculated that Chinese government support for the battery and EV sector totaled $230 billion from 2009 to 2023. 5 China dominates the manufacturing of every component of battery cells as well as the upstream supply chain (see figure 2a).

Is China's new energy vehicle battery industry coevolutionary?

Empirically, we study the new energy vehicle battery (NEVB) industry in China since the early 2000s. In the case of China's NEVB industry, an increasingly strong and complicated coevolutionary relationship between the focal TIS and relevant policies at different levels of abstraction can be observed.

Are China's batteries a threat to the lithium-ion industry?

As next-generation batteries reach commercial markets, China is forecasted to take only a minority share of their production by 2030, according to Benchmark Mineral Intelligence, which explains, “In a way, China sees solid-state batteries as a risk to their control over the lithium-ion battery industry.” 18

How China's battery industry has changed over the years?

Regarding knowledge development and exchange (F2 and F3), Chinese battery enterprises have increased their R&D expenditure, leading to several technological breakthroughs as well as increasing domesticalization of the key technologies in the four core battery components (anodes, cathodes, electrolytes, and separators) (Gov.cn, 2020).

Why do Chinese companies invest more in battery technology?

And because of the protection, as well as the efforts to domesticalise the battery value chain, the huge Chinese market was effectively restricted to domestic firms, and hence they could invest more in R&D and technology development and capture more added value (F2, F3).

Why are Chinese car and Battery Manufacturers focusing on product innovation?

Due to the very generous subsidy scheme, many of the Chinese car and battery manufacturers increasingly shifted their focus to meeting the subsidy criteria required by the policy, instead of concentrating on product and process innovations that would guarantee their market success in the long run (Intermediary 3, Expert 4).