China has evolved from two obscure factories in 2005 to dominating the global lithium-ion battery industry, essential for the energy transition.

China has become the world leader in the lithium-ion battery industry, a crucial sector for the energy transition and achieving the goal of net zero emissions by 2050. In 2005, the country had only two companies in this field, but it has managed to rapidly expand its production capacities and innovate technologies. Massive investments in research and development, as well as government support, have allowed China to develop a network of suppliers and improve production efficiency. Now, China controls a large part of the global supply chain for lithium-ion batteries, having a significant impact on international markets and global sustainability goals. This rise has transformed China into an essential player in the transition to cleaner energy sources.