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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

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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