In April 2024, Thai government officials traveled to the Chinese provinces of Fujian and Guangdong with a single-point agenda – convincing the leading Chinese electric vehicle (EV) battery makers to invest in their country. Two months later, the global leader in the EV battery industry, China’s Contemporary Amperex Technology Limited (CATL), announced an initial investment of over $100 million to set up an assembly plant in collaboration with a local Thai state-owned company.

Usually, Ms. Li charges her BYD electric car at a TELD station during her half-hour lunch break. However, today was different – it took an extra ten minutes to complete the charging, providing her time to enjoy a cup of coffee. This slight delay was due to her participation in a Shanghai demand response pilot designed to encourage consumers to adjust electricity usage according to electricity grid conditions. Like a coin toss, this pilot could be a big win for protecting the grid and accelerating low-carbon transport in China, but many infrastructure obstacles could derail this decarbonization.