U.S. Battery Race Against China | Business and Finance News

The Trump administration is betting big on America’s battery future, pouring $500 million into seven companies to build a domestic supply chain and cut China’s grip — but experts warn it’s a drop in the bucket. China dominates everything from raw materials to finished EVs, and reshaping U.S. production will take decades and trillions. While new grants target critical chokepoints like silicon anodes and lithium extraction, the administration has also gutted Biden-era battery policies, canceling $24 billion in projects since last year. As China scales up its EV exports, U.S. automakers lag behind — innovation is happening, but scaling to compete with China’s manufacturing juggernaut remains a monumental challenge. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/72dc64fe6351c814