Year: 2024
Type: article
Abstract: This paper concentrates on a comprehensive assessment of the lithium battery industry in China and the United States, covering differences in policies, technologies, and market conditions analytically. Both nations are critical parts of the global energy transition, lithium batteries being major facilitators for the achievement of clean energy objectives. China has been mainly pushed to overtake the position of the world's largest lithium battery producer due to government-led initiatives, and aggressive policies, accompanied by a rapidly growing electric market. On the other hand, while the United States tends for technology to advance, the product should not be considered as effective progress, which is more dependent on market policies and international business partner relationships. The main national issues faced by the US include the vulnerability of supply chains, alongside the excessive dependence on imports from other countries, particularly China. Yet, the most recent legislative actions (i.e., the Inflation Reduction Act) under the auspices of the government's objective of boosting domestic production and overcoming foreign suppliers' monopoly status are. The analysis assists in showing the two countries' methods, problems, and possibility of joint ventures to develop innovation in the global lithium battery industry.
DOI: 10.54097/35mce049
Author: Qizheng Yang
Institution: Boston University
Language: English
Subfield: General Energy
Field: Energy
Domain: Physical Sciences
Open Access status: diamond
OpenAlex ID: W4405565234