Chinese battery maker focused on EVs and energy storage
Since the Iran war began in February 2026, disruptions in the Strait of Hormuz have driven global fossil fuel prices higher and exposed vulnerabilities in energy supply. Europe is accelerating plans to reduce fossil fuel dependence, while China has solidified its dominance in renewable energy manufacturing, exporting record volumes of solar panels, batteries, and electric vehicles. This shift is reshaping global energy geopolitics.
GM is expanding vehicle‑to‑grid capabilities and developing sodium‑ion batteries for grid storage, aiming to cut costs and support rising electricity demand driven by AI data centers. Pilots with PG&E and DTE Energy are underway, with Scale and timelines focused on energy storage rather than cars.