Chinese company’s success shows the changing automotive landscape. Vertical integration from mineral mining to batteries is a central asset of BYD.
Could strengthen domestic clean energy industry but impede EV adoption rate.
World’s third-largest producer could find new uses for coal beyond power plant feedstock.
The project by E-Vac Magnetics, a German magnet manufacturer VAC Group subsidiary, will be the second large-scale rare earth magnet plant in the U.S.
China dominates the market because of its holistic approach to the whole value chain, from mining to selling the final car, authors claim.
The Central Asian country produces 18 out of 34 minerals classified as critical by the EU.