In this Q&A, I’m asked whether or not there is a monopoly on electric vehicle batteries or their components. The answer is that, no, there is not a monopoly. There are, however, some supply bottlenecks that are slowly sorting themselves out, including the fact that most of the world’s lithium is currently under the control of China. But that’s changing. Quickly.
http://www.AaronOnAutos.com
China’s economic situation is not good. What if the country’s near ownership of all things electric vehicle are its way out of that situation?
This is a little out of the normal wheelhouse for Aaron On Autos, but it’s an interesting point and it plays towards the video I did a few days ago discussing Biden’s plans to have half of all light vehicle sales be electric by 2030.
My previous video on Biden’s 2030 plan: https://www.youtube.com/watch?v=ZysxOnquGTc
For the MISES article shown: https://mises.org/wire/china-wont-be-taking-over-world?fbclid=IwAR3mSy3jZBXOEho8w9ZHHrKnAHOv2X4sZzbdIvfQNqV84UBQRkZh317cxUM
For the VOA article shown: https://www.voanews.com/silicon-valley-technology/how-china-dominates-global-battery-supply-chain
For the Routers article shown: https://www.reuters.com/business/energy/biden-looks-abroad-electric-vehicle-metals-blow-us-miners-2021-05-25/
http://www.AaronOnAutos.com
The BMW Concept iX3, unveiled in China, showcases the company’s fifth-generation eDrive system for electric vehicles. The iX3’s eDrive groups the transmission, electric motor, and power electronics in one unit, and is powered by more energy-dense batteries. Read about it at New Atlas.
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