According to the news on November 27, 2017, BDI, Germany’s largest industry association, warned that the German automotive industry is facing the risk of a shortage of raw materials for batteries, which will also have a huge impact on the development plan of electric vehicles.
Matthias Wachter, director of BDI's safety and raw materials, said: "As demand grows faster than existing capacity, the supply of (battery) raw materials enters a bottleneck stage. The supply of raw materials such as cobalt, graphite, lithium, and manganese is insufficient, and new battery technologies will be introduced in the future. Development in Germany will be limited."
At present, automakers have also increased investment in R&D for electric vehicles because governments around the world have further strengthened their environmental pollution control. It is expected that the demand for battery raw materials will also increase.
Volkswagen said it is currently working hard to secure a long-term supply contract to avoid material shortages. Volkswagen is expected to invest 34 billion euros (about 267.6 billion yuan) in the electric vehicle business by 2022 to challenge Tesla.
Daimler’s Mercedes-Benz brand also plans to launch an electric version of each of its models before 2022, while rival BMW is a pioneer of the i3 electric vehicle. Its goal is to achieve the size of 12 pure electric models by 2025. Scale production.
It is reported that recycling companies such as Belgium Umicore and the United States Retriev are preparing to extract metals from old batteries in order to alleviate the expected shortage of materials.
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