EV battery demand is going global, yet material supply remains overwhelmingly Chinese
<p class="P1" data-start="2957" data-end="3342">For years, the global EV industry has been characterized by a persistent trend to diversify its manufacturing footprint beyond China. As automotive manufacturers struggle to survive the procurement battle, the fault lines stemming from a concentrated market have proved difficult to escape, with critical battery materials remaining overwhelmingly concentrated among Chinese suppliers.
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