#ev-supply-chain

#ev-supply-chain

The startup manufactures silicon anode materials, which significantly boost the storage capacity of lithium-ion batteries. Group14 currently operates three factories, two in the U.S. and one in South Korea. Despite headlines about softening demand growth for electric vehicles, the global market for lithium-ion batteries remains strong. Over the next decade, its expected to grow more than 15% annually, quintupling in size, according to Precedence Research.

Honda Motor Co. has revised its forecast for a 59% profit decrease this financial year, citing challenges from U.S. tariffs and rising competition from Chinese EV producers.