In Depth: The World’s EV Supply Chain Is Fracturing

Chinese makers of electric vehicles (EVs) and batteries are bracing for a sweeping restructuring of the global lithium industrial chain long dominated by China.

Since the pandemic and Russia-Ukraine war heightened energy security concerns, the U.S. and the European Union are taking steps to create their own EV supply chains in the spirit of “the closer, the safer.” The shakeup means costs will rise, driving dramatic changes in sourcing of raw materials and labor, which is likely to benefit places like Indonesia.