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Bloomberg Businessweek Can The US Ever Build An EV Battery?.pdf

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Preview of Bloomberg Businessweek Can the US Ever Build an EV Battery?
🔗 Source: datocms-assets.com
📊 Size: 837 KB
📄 Pages: 8 pages
⬇️ Downloads: 88

Summary

The US is struggling to build its own electric vehicle (EV) battery supply chain, with companies like Ford turning to China for technology and manufacturing. The failure of startup A123 Systems, which developed lithium iron phosphate (LFP) battery chemistry in the 1990s, is seen as a symbol of the US's failed approach to innovation. A123 was awarded hundreds of millions of dollars in government funding but ultimately filed for bankruptcy in 2012. China later acquired A123's assets and has since become the world's largest EV battery manufacturer, accounting for 58% of global EV sales and 83% of lithium-ion battery production. Industry experts say the US is now at least a decade behind China in battery manufacturing, and that a lack of long-term industrial policy has hindered the country's ability to nurture and protect nascent industries.

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Description

The US is struggling to build its own electric vehicle (EV) battery supply chain, with companies like Ford turning to China for technology and manufacturing.

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  • File Format: PDF
  • File Size: 837 KB
  • Pages: 8
  • Language: EN
  • Total Downloads: 88
  • Last Updated: 3 months ago

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