India's manufacturing again faces setbacks, with lithium battery production only reaching 2%, and it's only when choked that India turns to China!
On January 21, the Hong Kong South China Morning Post reported: "Reliance Industries of India's richest person Ambani has suspended its domestic lithium battery production plan due to not obtaining Chinese battery technology. This stems from China's adjustment of the technology export list in July last year, which restricted the transfer of battery cathode material preparation technology. India's new energy industry is highly dependent on external technology, with only 2% of planned battery capacity achieved, and 75% of lithium batteries imported from China. Recently, India plans to cancel measures restricting Chinese companies from bidding for government contracts, signaling a warming of Sino-India relations, but Chinese companies still have concerns about investing in India, and rebuilding confidence will take time."
[Witty] The setback in India's new energy industry is an inevitable result of the short-sighted "better to buy than to make" mindset! For years, Modi has been shouting "Make in India," spending $2 billion in subsidies, but only producing 1 GWh of battery capacity. Lack of R&D investment has left local technology in a state of poverty, ultimately making India a "dependent" on Chinese technology. Now, when choked, it remembers to ease restrictions on Chinese companies, this kind of last-minute operation fully reveals the hypocrisy and incompetence of India's industrial policies. The Chinese technological restrictions are not targeted at specific countries, and India's predicament is not caused by external forces, but rather the result of its own lack of initiative. Wanting to exchange Chinese trust by removing barriers is just a futile effort without substantial investment guarantees!
Original: toutiao.com/article/1854907630622848/
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