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#EVs

From Zero to Hero? Chinese Investment in Electric Vehicle Supply Chains in the Visegrád Four

Over the past decade, China has emerged as a prominent player in the global electric vehicle (EV) market. Its early recognition of the significance of electromobility for the future and government support for the sector, coupled with considerable control over the mining and processing of raw materials used in battery production, has positioned China as a key actor in the EV market. 

Supercharged China: Cars, Batteries, and Lithium 

With no internal combustion engine and no burning of fossil fuels, electric vehicles (EVs) – running solely on batteries – are coming in their billions to electrify mobility. By 2035, at least half of all global passenger vehicle sales will be for EVs, and the proportion will keep increasing. The roadmap for the global energy sector to reach carbon neutrality developed by the International Energy Agency (IEA) requires the number of EVs to increase from eleven million in 2020 to 350 million in 2030 and almost two billion by 2050. In the global race to build batteries and battery-powered cars and to get access to the vital lithium, cobalt, and nickel that go into them, China is winning hands-down.