Development of Electric Vehicle Battery Supply
Payne Student Scholar Kylee Shiekh writes about how as the demand for electric vehicles grows, so does the role that lithium-ion batteries play in the market for electric vehicles. The lithium-ion battery takes a significant portion of the cost and range capability of the vehicle. It is becoming increasingly important for vehicle manufacturers to create secure and reliable supply chains for batteries. There are a range of approaches being pursued including vertically integrated supply chains, partnering between vehicle manufacturers and battery manufactures, as well as securing direct supply from mining companies for materials. March 2, 2021.