China: world-leading power battery industry built

The ministry's framing ties the power battery sector directly to national climate targets, signaling that industrial policy will treat it as strategic infrastructure rather than a purely commercial market. This matters for global supply chains because China's dominance in batteries gives it leverage over the pace of electrification elsewhere. The open question is whether this stated leadership translates into tighter export controls, stronger domestic standards, or accelerated R&D subsidies, which would reshape competitive dynamics for foreign automakers and battery makers alike.