Technology

Chinese electric vehicle battery king urges Beijing to speed up lithium mining as global scramble for ‘new oil’ intensifies

Chinese electric vehicle battery king urges Beijing to speed up lithium mining as global scramble for ‘new oil’ intensifies

Zeng Yuqun, chairman of China’s largest electric-vehicle (EV) battery manufacturer, has suggested that the Chinese government speed up “exploration and development” of lithium resources in the country to ensure supply chain security amid a global shortage of the rare earth metal as more people move to EVs.

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