Automakers Seek To Integrate—And Localize—Battery Production – Forbes

It was only a matter of time, but the transformation of the $3 trillion global auto industry is now underway, and automakers are spending billions to catch up and develop electric powertrain capabilities. Even though batteries are by far the costliest component in an electric vehicle (EV), automakers around the world have been content until recently to source battery cells and systems from a handful of well-established Japanese and Korean battery companies, and a growing number of battery upstarts. With the prospects for EVs getting rosier by the day, however, not a week goes by, it seems, without news of yet another battery investment by an automaker.

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