Lithium-ion battery material shortage, limiting the development of German electric vehicle industry
With the continuous improvement and regulation of new energy automobile policies, the development of new energy vehicles has become the consensus of the automotive industry, and the market share of new energy vehicles is being competed. The car prices of various countries are accelerating. According to reports. The shortage of raw materials for lithium-ion batteries will severely limit the development of the German electric vehicle industry.
According to reports, the BDI, Germany’s largest industry association, warned that the German automotive industry will face the danger of a shortage of raw materials for batteries, which will also have an impact on the growth of electric vehicles.
Welta Sonntag quoted Matthias Wachter, Director of Safety and Raw Materials for BDI, as saying: “As the demand grows faster than capacity, the supply of raw materials enters a bottleneck. The supply of cobalt, graphite, lithium, manganese and other raw materials is not sufficient, and the future The budding of new technologies in Germany will be limited."
Due to the government's increasing efforts in the treatment of environmental pollution, car companies immediately increased investment in electric vehicles, which also led to the growth of demand for raw materials for batteries.
Volkswagen stated that it is currently promoting the establishment of a long-term supply contract guarantee to avoid material shortages. Volkswagen plans to invest 34 billion euros in the electric vehicle business by 2022 to combat Tesla. Daimler’s Mercedes-Benz brand also plans to launch an electric version of all models by 2022, while rival BMW plans to use 12 pure electric models to achieve mass production of electric vehicles by 2025.
Recycling companies, such as Umicore in Belgium or Retriev Technologies in the United States, all want to obtain metal components from old batteries to ease the shortage of materials.
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