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China works IRA loophole; lifts battery dominance

China's CATL and BYD together accounted for 53% of world battery supply in the first half of 2023

Nathan Richardson
President Xi Jinping with US President Joe Biden at the margins of the 2022 G20 Bali summit.

President Xi Jinping with US President Joe Biden at the margins of the 2022 G20 Bali summit.

Also, while the IRA benefited US electric vehicle giant Tesla, the Elon Musk-led company still lost ground in terms of sales to China's BYD, which registered "explosive growth", South Korea's SNE Research...

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