China dominates the world’s production of lithium-ion batteries used in electric vehicles and most portable consumer electronic devices such as cell phones and laptops. China accounts for 80 percent of the world’s total output of raw materials for advanced batteries.<ref>https://www.voanews.com/silicon-valley-technology/how-china-dominates-global-battery-supply-chain</ref> If Biden implements his “clean energy” plans, the United States will become dependent on China to produce the batteries that power America’s technologies.<ref>https://www.americanenergyalliance.org/2020/09/bidens-green-dream-made-in-china/</ref> The largest manufacturer of electric vehicle batteries with a 27.9 percent market share is China’s Contemporary Amperex Technology Co. Limited. (CATL). Since Biden's green agenda came to the fore in November 2020, and the August 31, 2021 Fall of Kabul, CATL's stock price tripled.<ref>https://cdn.substack.com/image/fetch/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fa189b059-c867-4a68-a7f8-d6e04dd23558_712x514.jpeg</ref> | China dominates the world’s production of lithium-ion batteries used in electric vehicles and most portable consumer electronic devices such as cell phones and laptops. China accounts for 80 percent of the world’s total output of raw materials for advanced batteries.<ref>https://www.voanews.com/silicon-valley-technology/how-china-dominates-global-battery-supply-chain</ref> If Biden implements his “clean energy” plans, the United States will become dependent on China to produce the batteries that power America’s technologies.<ref>https://www.americanenergyalliance.org/2020/09/bidens-green-dream-made-in-china/</ref> The largest manufacturer of electric vehicle batteries with a 27.9 percent market share is China’s Contemporary Amperex Technology Co. Limited. (CATL). Since Biden's green agenda came to the fore in November 2020, and the August 31, 2021 Fall of Kabul, CATL's stock price tripled.<ref>https://cdn.substack.com/image/fetch/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fa189b059-c867-4a68-a7f8-d6e04dd23558_712x514.jpeg</ref> |