Hyperdrive
US Transport Chief Wants to Break China’s EV Battery Stronghold
- Calls for developing capacity in industry led by Chinese firms
- Transportation secretary is attending G-7 meeting in Japan
Pete Buttigieg
Photographer: Nathan Howard/BloombergThis article is for subscribers only.
Transportation Secretary Pete Buttigieg said the US must take steps to cut into China’s advantage in batteries used to power electric vehicles, saying building the refining capacity for key materials is “addressable.”
The US needs to build relationships domestically and internationally for raw materials and refining capacity, Buttigieg said in an interview with Bloomberg TV on Sunday. He is in Ise-Shima, Japan for a meeting Group of Seven counterparts.