China has the potential to overtake the auto industry in developed countries in some areas of electric-vehicle technology due to its access to rare-earth materials, several experts warn. Science and Technology Minister Wan Gang, a former Audi AG engineer, tells attendees at a recent conference in China the country can catch up with and exceed major auto makers in EV development due in part to its large deposits of lithium and rare-earth metals essential in the production of modern ...
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