Europe gave the world some of its top automakers, but it's losing out to China in the race to define the industry's future. China is the driving force in the business of electric vehicle batteries, which European leaders see as vital to the future of the auto industry that employs millions of people across the continent."Europe might well see its carmakers massively moving production to China in the future," said Simone Tagliapietra, an energy analyst at Fondazione Eni Enrico Mattei, a Milan-based think tank. (CNN, China is crushing Europe's electric car dreams)
Comment:
As the world's biggest market for electric vehicles, China is attracting the investors' attention from the global. While, more efforts on advanced technology and IP protection in lithium-ion batteries is necessary for China to become the electric vehicle maker of the world.
(Editor Shao Jingjing)
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