If only, Intel
- China currently dominates lithium-ion battery production, controlling 80% of EV batteries and 90% of commercial energy storage.
- The situation poses significant national security risks and raises concerns about the reliance on foreign-made batteries.
- There is an urgent need for diversification and innovation in the U.S. battery manufacturing sector.
In the United States, a significant shift in the battery production landscape has raised concerns regarding national security and supply chain stability. In 2008, then-Intel chief Andy Grove advocated for the company's diversification into advanced lithium-ion battery manufacturing. Fast forward to 2024, the absence of such strategic moves has left Intel's future precarious as the company grapples with industry challenges. Presently, China's dominance in lithium-ion battery production is alarming due to their control over 80% of batteries for electric vehicles and 90% for commercial energy storage. This growing reliance on Chinese-made batteries poses significant risks for the U.S., prompting Homeland Security to voice concerns over potential threats to the supply chain. The situation highlights a critical need for American firms to rethink their strategies in battery production and technology development to ensure a more resilient and autonomous supply chain in the future.