One gesture from China is enough to empty the global EV battery market.. Why is India facing such a big problem?

One of the key factors determining the future of electric vehicles is battery technology. China has surpassed global nations in this battery sector today. In 2005, there were only two electric vehicle battery manufacturing companies in China. However, in 20 years, China has achieved massive growth in this sector, now producing more than 75 percent of the batteries sold globally. This poses a major challenge for developing countries like India regarding raw materials and the technology supply chain.