Thursday, 29 June 2017

China Is About to Bury Elon Musk in Batteries

Source: Bloomberg, 28th June 2017, by Joe Ryan

Joe Ryan reported, "Factories are adding enough capacity to power the equivalent of nearly 1.5 million Model S vehicles. As Elon Musk races to finish building the world’s biggest battery factory in the Nevada desert, China is poised to leave him in the dust. (...) Earlier this year, the Chinese government announced plans to consolidate battery manufacturers to help the industry mature. The initiative goes hand in hand with China’s plans to flood highways with five million electric vehicles by 2020. (...)"

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