China Drops to Second in Global Battery Supply Chain

China Drops to Second in Global Battery Supply Chain
Workers at a factory for Xinwangda Electric Vehicle Battery Co. Ltd, which makes lithium batteries for electric cars and other uses, in Nanjing in China's eastern Jiangsu Province, on March 12, 2021. STR/AFP via Getty Images
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According to global rankings released on Monday, Canada has taken the top spot from China for manufacturing lithium-ion batteries last year. An expert believes that it indicates that the West has come to a consensus on the threat to national security posed by Chinese-made batteries.

BloombergNEF (BNEF) announced its fourth annual Global Lithium-Ion Battery Supply Chain Ranking. The ranking assesses the potential of 30 countries to build a secure, reliable, and sustainable lithium-ion battery supply chain.

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