Global Battery Market Dynamics

This chapter examines the competitive landscape of the global battery market, focusing on China's dominance in the supply chain and the U.S.'s rapid growth in battery production driven by the Inflation Reduction Act. It discusses the struggles faced by European manufacturers, the strategic pivots of Chinese companies towards emerging markets, and the significance of diversifying supply chains. Additionally, the chapter highlights the positive outlook for the battery industry, driven by innovation and rising demand for electric vehicles.