Part 8/12:
As the Chinese lithium battery industry grapples with its crisis, the global market is undergoing significant changes. The United States, Japan, and Europe are all making strategic moves to reduce their reliance on Chinese products and develop domestic supply chains.
In the US, Nevada-based Lionel is investing over $1 billion to build the world's first large-scale lithium-sulfur battery production facility, a revolutionary technology that eliminates dependency on resources controlled by China. Japan has also seen a breakthrough in battery technology, with a new lithium iron oxide-based battery developed by Hokkaido University.