Europe could end reliance on China for battery production by 2027
Europe is well-positioned to nearshore its entire battery production by 2027, ending reliance on China ...
By Alex Lennane
Many companies have been watching China to see if it can predict the fate of economies elsewhere. So it will come as good news that the country first affected by Covid saw second-quarter growth of 3.2%, year on year. The first quarter saw its GDP contract by 6.7%, its first decline since it began quarterly records in 1992. As ever, however, the validity of numbers from China come with a warning, as CNBC reports.
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