, Columnist
Billions of Dollars in Deals Can’t Smooth the US EV Supply Chain
America is living in an alternate reality — one where it is always behind China on electric vehicle innovation.
Losing the edge.
Photographer: Michael Nagle/Bloomberg
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When it comes to electric vehicles, there is no great American supply chain. Storied automakers General Motors Co. and Ford Motor Co. have just proved as much.
General Motors last week signed three significant deals. They include a $10.8 billion dollar agreement with South Korea’s Posco Chemical Corp. for battery components, or high-nickel cathode materials as it looks to make 1 million electric vehicles by December 2025. The parts will come from the industrial firm’s Gwangyang plant.