EV battery chemistry and material sourcing

One of the key focus areas for the automotive industry currently is to quickly and smoothly transitioning to the age of electrification. To achieve this, the industry has to rely on a strong battery industry, which itself is dependent on the supply chain of several key raw materials such as lithium, nickel, cobalt, manganese.

Some of these materials are not the easiest to source or the most sustainable to produce. The limited number of regions where these materials are found also makes them susceptible to geopolitical risks that could hamper the entire manufacturing process.

In the last few years, the increasing demand for Li-ion batteries from several industries, most prominently EVs, fueled investments into the battery supply chain. However, the slowdown in EV sales last year has created a situation of oversupply for some of these materials, pulling down the cost of these materials. This has impacted the status of several projects related to battery materials,which have either been postponed or cancelled.

The report takes an in-depth look into the current battery material supply chain across the globe and explores how it will evolve over the next few years in all the key markets. It takes into consideration the changing regulatory environment and how it will impact the strategy and investments of cell manufacturers and OEMs toward battery material sourcing.

We are already witnessing new forms of partnerships between OEMs, cell makers, material suppliers, and mining companies that could vastly change the look of the supply chain in the near future.