United States

The U.S. Is Facing a Lithium-Ion Battery Shortage as Electric Vehicle Production Ramps Up

A man works in a factory of lithium batteries in Huaibei in central China’s Anhui province Saturday, Nov. 14, 2020.
Feature China | Barcroft Media via Getty Images

As automakers continue to grapple with a semiconductor shortage, some experts say the next supply chain crisis for the U.S. could involve lithium-ion batteries.

As companies like GM, Ford and a slew of start-ups ramp up their electric vehicle ambitions, current battery production in the U.S. won't be able to keep up with demand.

WATCH ANYTIME FOR FREE

icon

Stream NBC10 Boston news for free, 24/7, wherever you are.

Though the U.S. has a handful of large-scale battery manufacturing facilities, including Tesla's Gigafactory that operates in partnership with Panasonic, a trade dispute between two Korean battery makers, LG Chem and SK Innovation, threatens the future of a new battery factory in Georgia.

Watch the video to learn why the U.S. has fallen behind China and Europe, and what needs to happen in order to avoid a bottleneck in EV production.

Copyright CNBC
Contact Us