For not only do Chinese companies control about 80 per cent of battery production, they also control about 80 per cent of the manufacture of the materials that go into these batteries. This next rung in the battery production chain might seem somewhat trivial, but do not be fooled; after all, the most valuable component of a battery is not the engineering or the casing but the raw materials pasted in slurry form on to those cathodes and anodes.[3]
