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The Battery Dilemma: Balancing Affordability and Geopolitics in the Electric Vehicle Market
As the global automotive industry shifts towards electric vehicles (EVs) to address climate change concerns, the EV battery market has become a critical factor in determining the success and affordability of these vehicles.
China’s dominance in this sector has created a complex geopolitical landscape, forcing US automakers to navigate the challenges of producing affordable EVs while reducing their reliance on Chinese technology. This report analyzes the implications of this power dynamic and explores potential strategies for balancing affordability and geopolitical concerns in the EV battery market.
China’s Dominance in the EV Battery Market
China’s early and substantial investments in the EV industry, along with its control over the battery supply chain, have given it a significant advantage in the global market. Chinese battery companies, such as CATL and BYD, have made notable advancements in battery technology, particularly with the development of…
