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China Sets 70% NEV Sales Target by 2030, Accelerating Oil Demand Peak
OilPrice.com·CN·about 16 hours ago
China has become the world's first 'electrostate,' a term describing a nation whose geopolitical influence is increasingly derived from its control over electricity supply chains and grid technology. This shift is driven by China's dominance in solar, battery, and grid infrastructure, positioning it as a pivotal player in global energy transitions. The development signals a strategic pivot in energy geopolitics, with implications for energy security and trade dependencies.