Part 4/8:
Despite the promises, the US has fallen behind in battery manufacturing, with the Chinese industry leading the way. This shift can largely be attributed to various business conditions, regulations, and investment priorities in the two countries. The current US administration has shown a strong desire to onshore manufacturing across many sectors, but not necessarily for lithium-ion batteries. Instead, industries like aluminum and steel remain a higher priority, leaving a gap in the vital battery component of the EV market.