Hongqi Factory In Changchun President Joe Biden’s commitment to his green energy agenda, with Electric Vehicles (EVs) at the forefront, without first securing an American supply chain is likely to cede United States economic power to its biggest adversary, China.
The United Auto Workers (UAW) are now striking against the top three automakers, General Motors (GM), Ford, and Stellantis. The union has continuously asked for a contract that ensures security for auto workers amid Biden’s EV push which, if not coupled with an ambitious manufacturing agenda, may eliminate millions of U.S. jobs.
China would be the largest beneficiary of such failures by the Biden administration. Aside from producing a majority of the world’s EVs, China also controls key components of the EV battery supply chain.
Through the mineral refining process necessary to build EV batteries, China controls nearly 70 percent of the world’s lithium, 95 percent of manganese, 73 percent of cobalt, […]
Read the Whole Article From the Source: www.breitbart.com
-
Learn the TRUTH about Gold IRAs and how most precious metals companies play dirty.
