Yes, but it’s not about manufacturers making batteries, it’s about China’s dominance of the supply chain as a country. China refines 95% of the battery materials and makes 75% of the batteries. Much of that is because the Chinese government has subsidised battery manufacturing to put themselves in a dominant position, on average Chinese battery factories are running at half utilisation which is not viable for western companies. Also, they have much reduced labour and environmental protections and they ignore IP (the LFP patents which just expired).
Yes, but it’s not about manufacturers making batteries, it’s about China’s dominance of the supply chain as a country. China refines 95% of the battery materials and makes 75% of the batteries. Much of that is because the Chinese government has subsidised battery manufacturing to put themselves in a dominant position, on average Chinese battery factories are running at half utilisation which is not viable for western companies. Also, they have much reduced labour and environmental protections and they ignore IP (the LFP patents which just expired).