China's battery technology sector is experiencing a research boom, driven by government investment and private sector innovation. According to a recent report, China accounted for over 60% of global lithium-ion battery production in 2022, with companies like CATL and BYD leading the charge. The country's focus on electric vehicles (EVs) and renewable energy has created a surge in demand for advanced battery technologies. However, experts warn that the rapid growth may also lead to concerns around supply chain stability and environmental sustainability.

Source: https://www.nytimes.com/2024/08/09/business/china-ev-battery-tech.html