The Zhitong Finance App learned that Goldman Sachs said that by 2030, the US and Europe may increase the autonomous supply capacity of electric vehicle batteries through new capital expenditure of more than 160 billion US dollars. Goldman Sachs analysts believe that the investment of South Korea's LG Group and SK Hynix in the US will help meet the demand for electric vehicle batteries in the US within the next three to five years.

According to reports, Goldman Sachs calculated that to achieve self-sufficiency in the electric vehicle battery supply chain, the US and Europe need to invest 78.2 billion US dollars in batteries, 60.4 billion US dollars in components, 13.5 billion US dollars in lithium, nickel, and cobalt mining, and 12.1 billion US dollars in material refining. Furthermore, Goldman Sachs predicts that the market share of Korean electric vehicle battery manufacturers in the US is expected to rise from 11% in 2021 to around 55% within the next three years.