Bridging the lithium battery supply chain gap — a new alliance in the US aims to double Lithium battery revenues to $33 billion & create 100,000 jobs
of its kind in the U.S. battery industry, Li-Bridge’s report is a result of collaboration of more than 40 companies, spanning market leaders and startups across the automotive, advanced battery, mining and chemical, and electric utility sectors. Those organizations collectively employ more than 1.2 million people and generate approximately $900 billion in annual revenues.
Fueled by exponential demand, lithium-based batteries and the devices they power are major contributors to economic growth in the 21st century on par with semiconductors. According to the report, if the U.S. cannot establish a secure and stable supply chain for lithium battery technology within its borders, other countries will enjoy the economic growth and job creation that lithium battery technology will create.
According to the report, the U.S. will not achieve complete lithium battery supply chain independence by 2030, but it estimates the country can capture 60% of the economic value consumed by domestic demand for lithium batteries by that year, generating $33 billion in revenues and creating 100,000 jobs.
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