The rub: Our EV future is dependent on batteries from Asia … mostly CHINA!
============
According to an SNE Research analysis channeled by Statista…
At present, the ten manufacturers with the highest market share in terms of battery capacity are all headquartered in Asian countries, mainly China, South Korea and Japan.
The top five manufacturers – CATL, LG, Panasonic, BYD and Samsung – together account for over 80 percent of global automotive battery production.
The Chinese company Contemporary Amperex Technology (CATL) alone controls about 1/3 of the market.
If that isn’t scary enough, consider that about 97% of lithium is currently refined in China. Source
Ditching Russian energy is a great idea … but putting our eggs in China’s basket strikes me as jumping from the pan into the fire.
The Homa Files 