Chinese drone battery makers 'revitalized' by Russia-Ukraine war
CISSY ZHOU
HONG KONG -- Small Chinese drone battery makers pushed to the brink of bankruptcy by fierce domestic competition have found a lifeline in the Russia-Ukraine war, as the conflict -- now in its fourth year -- looks set to drag on.
Multiple companies in China's Guangdong province told Nikkei Asia that business is booming as they sell batteries, which can be assembled into drones used in battlegrounds, to both Russia and Ukraine.
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