US still a decade behind China in battery race
Batteries are needed to power everything from drones to heavy machinery. They are also crucial in efforts to move away from burning fossil fuels for energy. China remains the dominant force in the battery supply chain — the result of a decades-long push by the government. Meanwhile, America lags by at least a decade. Analysts said keeping pace with China will require major investment as well as demand for American-made batteries. Ira Spitzer reports from Fremont, California.
Batteries are needed to power everything from drones to heavy machinery. They are also crucial in efforts to move away from burning fossil fuels for energy. China remains the dominant force in the battery supply chain — the result of a decades-long push by the government. Meanwhile, America lags by at least a decade. Analysts said keeping pace with China will require major investment as well as demand for American-made batteries. Ira Spitzer reports from Fremont, California.
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