A longer quotation for a veeeery long article.

The Electric Slide – The history, 99% decline, and future of the Electric Stack.

After catching up to America in electricity generation in just 2010, China now generates 2.5x as much electricity as we do.

It also dominates the technologies that turn electricity into action: the Electric Stack.

• Lithium-Ion Batteries
• Magnets and Electric Motors
• Power Electronics
• Embedded Compute

Today, China produces 75% of lithium-ion batteries globally and manufactures 90% of the neodymium magnets that make motors spin. In power electronics and embedded compute, it’s rapidly gaining ground.

That means that China controls the means of producing electric vehicles (EVs), drones, robots, and all of the other electric products that are replacing the combustion-driven machines on which America built its might.

As we speak, everything that moves, heats, lights up, computes, or converts energy is being rebuilt to perform better, faster, cheaper, quieter, and as a freebie, cleaner around electric technology.