China’s dominance of the space was never far from peoples’ minds at the Battery Show. For all the gold-rush mentality and rhetoric about the power of American innovation, companies are anxious that if the U.S. goes too far in its bid to cut out China, their products could be vulnerable to retaliation.” similar to what China adopted from 2015 through 2019. The government drafted a list of domestic battery manufacturers whose products were eligible for subsidies.
The U.S. is still dependent on China for minerals to feed its nascent battery manufacturing efforts, and an independent supply chain is still years away, said Ben Wrightsman, CEO of the Indiana-based Battery Innovation Center, which helps commercialize battery tech.
Source: News Formal (newsformal.com)
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