With the continuous improvement and regulation of new energy vehicle policies, the development of new energy vehicles has become the consensus of the automotive industry, and the market share of new energy vehicles is vying for speed. 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, Germany's largest industry association BDI warned that the German automotive industry will face the danger of shortage of battery raw materials, and this will also affect the growth of electric vehicles.
Welt am Sonntag quoted Matthias Wachter, director of BDI safety and raw materials, as saying: “As demand grows faster than capacity, raw material supply enters the bottleneck stage. Supply of raw materials such as cobalt, graphite, lithium and manganese is insufficient. Adequate, the burgeoning of new technologies in Germany will be limited."
As the government's efforts to control environmental pollution have increased, car companies have increased their investment in electric vehicles, which has led to an increase in demand for battery raw materials.
Volkswagen said it is currently pushing for a long-term supply contract guarantee to avoid material shortages. Volkswagen plans to invest 40 billion euros in the electric vehicle business by 2022 to fight 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 vehicles to achieve mass production of electric vehicles by 2025.
Recycling companies, such as Umicore in Belgium or Retriev Technologies in the United States, are interested in obtaining metal components from old batteries to alleviate material shortages.
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