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Let’s Make a Deal: China Takes Technology for the Right to Sell Electric Vehicles

In the coming years we are going to see a huge expansion in the Electric Vehicles (EVs) market, both in the form of automobiles and parts suppliers like lithium-ion battery producers. Now, whether or not Electric Vehicles have a positive effect on the environment, is still up for debate. What’s not being debated is the fact that more EVs are coming to market soon. Companies like Nissan Motors and General Motors are leading the way with the introduction of the Nissan Leaf & Chevy Volt, but if China has anything to say about it, their market lead will be washed away by 2020.