EV industry must work closer with lithium suppliers, executives say
Automakers must work closer with lithium producers to guarantee supply of specialized types of the white metal that boost an electric vehicle’s range and performance, Albemarle Corp and Livent Corp executives told the Reuters Next conference on Wednesday. Batteries for such EVs typically are made with a type of lithium known as hydroxide that cannot be stored for long periods of time and thus must be made in custom batches. As such, producing it requires extensive investment and planning, which lithium producers are hesitant to do even as prices rise unless automakers sign long-term contracts and share development plans, Albemarle lithium division head Eric Norris and Livent Chief Executive Paul Graves said on a Reuters Next panel.
Leave a Reply