Lithium-ion batteries were originally developed in the U.S., but China has overtaken American manufacturers in mass production and innovation, particularly for electric vehicles (EVs). As authorities in the U.S. debate EV incentives, Chinese automakers are rapidly launching advanced battery technology, including cars capable of 5-minute charging. Experts warn that the U.S. is falling behind, despite ongoing developments in American labs. There is an urgent need for U.S. companies to innovate or risk losing market share in a critical technology for the future and climate change mitigation.
In Shanghai, a futuristic auto show this spring showcased the fast-paced innovations in battery technology, including vehicles with impressive 5-minute 'flash charge' times.
Bob Galyen, a retired executive, acknowledged that China is currently leading in manufacturing technology for EV batteries, while U.S. companies face intense pressure to innovate.
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