Geopolitical risks in the lithium-ion battery sector are rising alongside surging EV demand, warns insurer QBE in a new report. China's dominance in the market has prompted the US and EU to impose steep tariffs on Chinese EVs.
The Chinese life insurance company believes that local expertise is important in identifying long-term investment opportunities under China’s carbon neutrality target.
Ping An Insurance’s Benjamin Deng believes it’s going to be a ‘multi-year process’ for China to come out of the current development trough, but it won't be 30 years like Japan.