Ex-minister asks Beijing to set global EV battery standards. On Friday former industry minister said China should standardize electric vehicle (E.V.) battery regulations to stay ahead of the U.S. and Europe in the fast-growing industry.
“Europe and the United States are ramping up efforts to develop local battery makers, while protectionism has resurfaced,” Miao Wei told the World Power Battery Conference in Yibin, China’s southwestern metropolis, where policymakers and industry executives were present.
He said it was necessary and important to standardize electric vehicle battery specs and sizes to maintain China’s market leadership.
Miao is the deputy director of an economic affairs committee in the Chinese People’s Political Consultative Conference.
In 2022, Chinese businesses contributed 63% of E.V. batteries, 70% of lithium, 70% of cathode materials, and 90% of anode materials.
In May, finance leaders of the Group of Seven (G7) major economies highlighted the need to reduce global supply chains’ dependence on China to make them more resilient.
Automakers can get incentives to develop batteries and EVs in the U.S. or key trading partners like South Korea under the Biden administration.
Given the worldwide consensus on minimizing carbon emissions, Miao said Chinese battery companies would benefit in global markets if they built a carbon footprint management system in line with global battery industry standards.
CATL (300750. S.Z.), a Chinese battery maker, pledged in April to achieve carbon neutrality at all its battery operations by 2025 and across its value chain by 2035.
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