China JUST SHOCKED The EV Industry By REVEALING This INSANE NEW Masterplan To Dominate The Entire EV Industry

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Tesla is arguably the first brand that springs to mind when thinking of an electric vehicle. Recent estimates place the worth of the California-based firm that manufactures the world's most popular electric vehicle at one trillion dollars. But China's industrial prowess is the real narrative behind this success story from the United States. The Tesla factory in Shanghai currently produces more automobiles than the Tesla facility in California. The minerals used to power the batteries are mostly processed and mined by firms based in China. Additionally, some of the batteries used to power them are created there. Businesses are now competing to secure and enhance their positions in the battery supply chain as the globe transitions to electric vehicles. This includes everything from the mining and processing minerals to the production of batteries and EVs.

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Thanks for watching our video; China JUST SHOCKED The EV Industry By REVEALING This INSANE NEW Masterplan To Dominate The Entire EV Industry


China is the largest market for electric cars (EVs) globally, with total sales of 1.3 million vehicles in 2017, representing more than 40 percent of sales globally. The Chinese battery manufacturer CATL controls around 30 percent of the global market for electric vehicle batteries. And the cobalt specialist suppliers at Darton Commodities believe that Chinese refineries supplied 85 percent of the world's battery-ready cobalt last year.

Cobalt is a mineral that helps increase the durability of lithium-ion batteries, therefore, its presence in these batteries is important. The majority of this cobalt originates from the Democratic Republic of the Congo (DRC), where Chinese corporations control about 70 percent of the mining industry. And when you drive through the southern copper and cobalt mining region of the DRC, you will see signs in Chinese virtually everywhere. These signs can be found at the entrance to casinos and hotels and on trucks and commercial premises.

China Molybdenum Company (CMOC), a massive Chinese mining company, made an announcement in August of 2021 regarding an investment of $2.5 billion to increase the output of copper and cobalt at its Tenke Fungurume Mine, which is currently one of the largest in the DRC. This followed the acquisition of a 95 percent share in the adjacent Kisanfu copper and cobalt mine for $550 million.

Huayou Cobalt, another one of China's corporate behemoths, owns or has a stake in at least three copper- cobalt mines in the Democratic Republic of the Congo (DRC). It is also a key player at every step of the cobalt supply chain, from mines to refineries and the production of battery precursors and cathodes.

An 11-billion-dollar capacity buildup
The leading manufacturers of battery materials for electric vehicles in China plan to invest at least 71 billion yuan ($10.8 billion) to significantly increase their output, doubling their production capacity in several product categories where they have become the market leaders. According to the publicly published capital expenditure plans given by 13 different manufacturers, the anticipated investments will cover all of the essential components of lithium-ion batteries.

Some businesses have also been tight-lipped about when they intend to make investments or increase the scale of their output. Last month, Chairman Paul Xiaoming Lee said that the world's biggest provider of battery separators, Yunnan Energy New Material Group (Semcorp), wants "to boost its worldwide market share from 31% in 2021 to 50% in 2025." And the amount of fresh investments that the corporation disclosed was close to 20 billion yuan.

SEMCORP's principal operational firm is Shanghai Energy New Materials Technology. Around 2019, the division took up the top spot in the world market for separators, unseating the Japanese company Asahi Kasei. The substance that looks like a sheet acts as a barrier between the cathode and the anode, the two electrodes of a battery.



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