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This is the second of a four-part series exploring the rise of electric vehicles and their impacts on the global economy, from the auto and power industries to oil and mining sectors.
Bracing for a rapid rise in battery metal demand, EV-makers are shaking up the supply chain with new technologies.
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As electric vehicle sales ramp up around the globe, key battery metals such as lithium, cobalt and nickel are already facing supply chain constraints. EV-makers are feverishly innovating, attempting to bring down raw material costs and charging times. They are also working to boost the range and safety of their EV batteries to keep ahead of anticipated battery metal shortages.
Battery- and EV-makers, from Chinese battery giant Contemporary Amperex Technology Co. Ltd. to U.S. automakers Ford Motor Co. and Tesla Inc., have ambitious ideas. Some have sought to slash cobalt from battery chemistries, develop solid-state technology or switch to sodium-ion batteries.
"Over the long term, there could be new technologies disrupting the market if they are proven to be more energy and cost effective and more sustainable in supply," Stephen...
Read Full Story: https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/ev-impact-battery-disruptors-are-jolting-metal-supply-chains-66518783
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