Battery makers seek support for gaining traction

Development of a strong segment of traction battery makers is key to the sustainable growth of electric vehicles, said Contemporary Amperex Technology Ltd, China's leading traction battery maker.

Rechargeable traction batteries are used to power electric vehicles or EVs, including cars. The company said the government must provide subsidies for EV battery makers to boost manufacturing of emission-free green EVs.

Founded in 2011, the company makes rechargeable lithium batteries that power electric vehicles and other energy storage systems.