Building our piece of the electric stack

The "electric stack" — batteries, power electronics, motors, chips — is 99% cheaper since 1990, and China controls most of its manufacturing while the U.S. bets on AI instead.

• Electric stack defined: Batteries, power electronics, electric motors, and embedded chips together form the 'electric stack,' which has gotten roughly 99% cheaper since 1990, enabling electrification of cars, drones, and appliances.
• China's manufacturing lead: China makes about three-quarters of global lithium-ion batteries and 90% of motor magnets, while the U.S. bets its industrial future on AI instead.

Themes, sentiment and reasons are AI-written paraphrases, checked so they never quote an episode. They may contain errors. Not investment advice. Episodes remain the property of their creators.