Signal China holds about 75% of battery output and 90% of neodymium magnets

Summary

Eurasia Group highlights the scale of China's hold over the components of electrified industry. China controls about 75% of global lithium-ion battery output and roughly 90% of the neodymium magnets that electric motors rely on. Chinese companies also are ahead in solar modules, wind turbines, power grid hardware and the electric vehicles and drones assembled from these parts. The report attributes this position to decades of industrial policy, manufacturing at scale and relentless cost cutting. It treats the figures as the core evidence that Beijing has mastered the technologies on which much of the 21st-century economy will run.