A high-stakes race is underway to develop and supply the advanced batteries needed for the coming wave of electric vertical take-off and landing aircraft, or eVTOLs, as China prepares for its "low-altitude economy" to take to the skies.
Analysts forecast a lucrative market -- potentially reaching 112.6 billion yuan ($15.4 billion) in China alone by 2030 -- attracting both established battery giants and nimble startups. However, high costs and significant technological challenges still need to be faced.
