NEW YORK — Developing a domestic anode materials supply chain for electric-vehicle battery production in the U.S. is the biggest challenge for LG Energy Solution as President Donald Trump’s tariff policies drive up costs for raw materials and equipment.
The South Korean clean-technology giant has sought alternatives for “quite a lot” of its imported raw materials, according to Bob Lee, its North American president. But anode materials — key to EV batteries — remain highly dependent on Chinese sourcing.
