The shortage of power batteries and related materials is no doubt shaking Asia automobile industry. On the other hand, any technology that makes batteries and battery production more efficient, cost effective, and sustainable has strong potential to be game changing to the rapidly expanding EV industry, and so these types of breakthroughs are incredibly valuable.
Read MoreApart from chip-shortage, an industry-wide shortage of power batteries will also continue to hamper EV production in China for the next few months. Nio, for example, had achieved a production rate of 10,000 vehicles during the Chinese New Year in February. However, the company expects monthly output to remain at around 7,500 units throughout the second quarter due to lower-than-estimated battery supply.
Read More
