Europe's carmakers face raw material bottleneck for EV batteries
The Hindu
The automotive industry is currently experiencing painful production disruptions due to the shortage of semiconductors.
Major carmakers like Volkswagen, Daimler and Stellantis have been racing to secure battery cell supplies in Europe, but may face a bigger challenge as they seek to go electric - finding enough battery raw materials.
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Failure to obtain adequate supplies of lithium, nickel, manganese or cobalt could slow the shift to electric vehicles (EVs), make those vehicles more expensive and threaten carmakers' profit margins.
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