Tuesday 29 June 2021

In EV era, batteries are the new oil

In EV era, batteries are the new oil

At the very moment the United States is ramping up electric vehicle development manufacturers are running up against the weakest link in the supply chain — a shortage of battery materials. Why it matters: The bottleneck puts the United States at a major disadvantage to China, which controls most of the world's battery minerals mining and processing.
Read more: https://www.axios.com/batteries-new-oil-electric-vehicles-269fbc77-8ef6-4ae4-896b-0e3b0ed47031.html?source=Snapzu

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