China's New Silk Road Could Spur More Electric Cars in Europe
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Construction on the One Belt, One Road project in Gwadar, Balochistan, Pakistan, on Aug. 3, 2016.
Photographer: Asim Hafeez/BloombergThis article is for subscribers only.
China’s new silk road stretching into the heart of Europe may be what ultimately delivers more climate-friendly technologies like batteries and electric cars.
The trade route known in Beijing as the Belt and Road Initiative is spurring $1 trillion of investment on rail, highways and ports linking Europe and Asia. China’s renewable-energy companies already are using the initiative to open new markets in southern Asia, the Middle East and Africa, according to Bloomberg New Energy Finance.