World’s Largest Battery Maker to ‘Spare No Effort’ in Electrifying Marine Cargo Industry

A Chinese conglomerate that controls 37% of global market for EV batteries has recently said it will "spare no effort" to electrify parts of the marine shipping industry. The costs of lithium ions have fallen 90% over the past two decades, epitomizing the overall reductions in the costs of batteries that have facilitated the resulting