¨While Panasonic is the world ´s largest supplier of electric vehicle batteries globally, China ´s BYD and CATL were just behind , according to figures collated by Bernstein ,the research group...............
In 2015 in the eastern Chinese city of Nanjing,South Korea ´s LG Chem opened a battery factory. The same year Samsung SDI followed suit. opening a plant in Xian in central China and declaring that it would "forge its foothold in the world'ś biggest new energy vehicle market ¨.
(From a mixture of concern about Global Warming and local pollution the Chinese government is intent on replacing gas driven cars with electric ones . Flavius)
A year later Beijing released a list of companies allowed to supply batteries in the country. Not a single foreign company was included.¨
March 6 2017 FT
Wonder whether LG Chem and Samsung have read ¨The Art of the Deal .¨