They still did it for all other reasons than being eco friendly.
They simply just have the minerals and mines for solar and batteries. And the big one is offering the world an alternative for oil, which takes a big chunk into US profits.
We are just lucky that it also means cleaner air for everyone.
Those other reasons were important, but China has a history of investing in industrial resources way before they’re expected to be profitable, and often at greater scale than the market would dictate. 1980s China didn’t expect Rare Earth minerals to turn a profit, but they understood that cheap Gallium for example meant LCD manufacturers would be more competitive/productive.
When China started investing in solar panels 15 years ago, the price per PV was 5x more than it is now.
China is already the world’s factory, so why not become the world’s battery factory too.
People seem to be interested in electric vehicles, so might as well. Once China is the number one EV manufacturer, battery manufacturer and solar panel manufacturer, it’s going to become as wealthy as Saudi Arabia and USA combined.
Good luck keeping up with that pace if your country still run on coal.
They still did it for all other reasons than being eco friendly.
They simply just have the minerals and mines for solar and batteries. And the big one is offering the world an alternative for oil, which takes a big chunk into US profits.
We are just lucky that it also means cleaner air for everyone.
Those other reasons were important, but China has a history of investing in industrial resources way before they’re expected to be profitable, and often at greater scale than the market would dictate. 1980s China didn’t expect Rare Earth minerals to turn a profit, but they understood that cheap Gallium for example meant LCD manufacturers would be more competitive/productive.
When China started investing in solar panels 15 years ago, the price per PV was 5x more than it is now.
China is already the world’s factory, so why not become the world’s battery factory too.
People seem to be interested in electric vehicles, so might as well. Once China is the number one EV manufacturer, battery manufacturer and solar panel manufacturer, it’s going to become as wealthy as Saudi Arabia and USA combined.
Good luck keeping up with that pace if your country still run on coal.