According to the White House press release, Biden said recently that he would bring back two major industries for the United States: manufacturing and industry, mainly semiconductor and clean energy. He also announced the launch of the American Battery Materials Initiative, which will coordinate the close cooperation between the federal government and the private sector, trade unions, community organizations and foreign partners and allies to actively build the American battery supply chain.

With the increase of electric vehicle sales, the demand for batteries and key minerals used for batteries continues to grow. Biden said that the demand for key materials will increase by 600% in the coming decades, and the demand for lithium, graphite and other minerals is expected to increase by 4000%. This is why the Infrastructure Act has invested more than 7 billion dollars in the battery supply chain, which will strengthen the ability of the United States to process, manufacture and recycle key minerals such as lithium, nickel and graphite.

Under the measures taken by the United States to build a local battery industry chain, Israel Chemical Group (ICL) announced that it would invest $400 million to build the first large lithium iron phosphate (LFP) cathode active material (CAM) factory in the United States. The factory is expected to be located in St. Louis, the first metropolitan area of Missouri, and obtain 197 million dollars of subsidies through the American Infrastructure Act.

The intention of the United States is obvious, that is, to compete for the battery market. According to SNE Research data, in the first half of 2022, the installed capacity of Ningde Times will increase by 111% year on year, and it will continue to occupy the first place in the world with 69 GWh; South Korea LG New Energy ranked second with 28 GWh, but the growth rate slowed down significantly, with a year-on-year growth of only 4%, distancing itself from the Ningde era; BYD replaced Panasonic of Japan and ranked third with the installed capacity of 24 GWh, a sharp increase of 206% year on year. These three enterprises together account for 70% of the global market share. At present, there is still a certain gap between the American battery market and China.