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Asia’s car battery sector leaves Europe in the slow lane

• olivermarks 8y ago
  "“If we don’t take back innovation, it will be like the solar industry all over again,” said Anil Srivastava, chief executive of Swiss producer Leclanché, referring to the fact that the top three global solar companies by production are Chinese. Thanks to generous subsidies and bank loans, Chinese companies ended up producing two-thirds of the world’s solar panels between 2010 and 2015, an expansion that pushed many European competitors into bankruptcy."