There is growing congressional interest in finally confronting China over its predatory trade practices. But while talk continues in Washington over the right policy response, China keeps picking off key parts of U.S. manufacturing, including the automotive industry.
A recent Senate hearing made clear just how serious the situation has become. China is now positioned as the dominant player in the lithium-ion battery supply chain for electric vehicles (EV). In fact, China is so outpacing America in battery development that one witness described the U.S. as being “lapped.”