China considers this year as the crucial year for its new-energy vehicles industry to “go global,” according to the Chinese industry ministry. In a meeting chaired by Chinese Minister of Industry, Xiao Yaqing, Beijing has decided to accelerate innovations and products and standards in its zero-emission vehicles industry to “go global,” Reuters reported on Tuesday, quoting a note from the industry ministry posted on its Wechat account. China is by far the world’s largest market for electric vehicles (EVs) and is home to many local zero-emission vehicle makers. In addition, China dominates the supply chain for critical battery minerals and lithium-ion batteries, which gives it an advantage over other regions in the world in terms of raw materials, input costs, and battery packs. China leads the world in battery cell manufacturing capacity, according to Morgan Stanley Research and the U.S. Department of Energy cited by Bloomberg . The Chinese […]