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Batteries May Stall China’s EV Push (SCMP)

High costs and technological constraints threaten to undermine Beijing’s drive for clean cars and buses.  Subsidies have led to a massive expansion of the EV market in China.  Nomura analysts say the market will grow from 14 gigawatt-hours to 99 GWh by the end of the decade, and suppliers have already ramped up supply to an estimated 23 GWh. “Local battery suppliers are aggressively expanding their capacities, owing to the current bottleneck,” said Leping Huang, a Nomura research analyst. “Battery supply was a clear laggard behind growth of demand in previous years.”  However the cost of batteries and relatively low performance compared to normal cars may limit the appeal of such vehicles, despite government subsidies.

Attribution: http://www.scmp.com

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