Octillion Power Systems supplies lithium-ion battery systems to car, truck and bus makers worldwide. The company has delivered more than 650,000 electric vehicle batteries to automaker,, including to the wildly successful made-in-China Wuling Mini EV. Octillion's new offices in Richmond, California serve as headquarters for company operations in North and South America. Mr Paul Beach, President of Octillion, has been at the forefront of the battery business since the late 1990s. In this episode, Beach recounts how he witnessed massive investment in lithium ion batteries in Japan, then in Korea and most recently in China. As a result, North Asia accounts for more than 90% of global battery production today. But change is afoot. Tens of billions dollars of fresh investments are going into new battery plants in Europe and the United States. What do America and Europe need to do to close the gap with Asia? Who will be the eliminate winner on the global battery arms race? And what is the next great innovation in batteries?

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