27-07-2022, 08:13 PM
Anjani Trivedi | Bloomberg
Last Updated at July 27, 2022 08:37 IST
The world’s biggest battery company is turning to abundantly available materials as it looks to upgrade power packs for electric vehicles. While that stands to bring down costs and raise efficiency as raw material shortages abound, it’s an opportunity for countries like India and Brazil to take their chunk of the increasingly lucrative EV supply chain before it gets too late.
After effectively popularizing safer and cheaper lithium iron phosphate or LFP, chemistry for EV batteries, China’s Contemporary Amperex Technology Co. Ltd. is now adding manganese to the mix.
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While there isn’t a shortage of manganese yet, it’ll be an important component for batteries. South Africa tops the list of producers, followed by China, Australia, Brazil, Gabon and India.
As the battery supply chain gets concentrated in the hands of a few countries (or really, just China), it’s important for emerging and developing markets avoid getting left behind, and to grab their part too
https://www.business-standard.com/articl...134_1.html
Last Updated at July 27, 2022 08:37 IST
The world’s biggest battery company is turning to abundantly available materials as it looks to upgrade power packs for electric vehicles. While that stands to bring down costs and raise efficiency as raw material shortages abound, it’s an opportunity for countries like India and Brazil to take their chunk of the increasingly lucrative EV supply chain before it gets too late.
After effectively popularizing safer and cheaper lithium iron phosphate or LFP, chemistry for EV batteries, China’s Contemporary Amperex Technology Co. Ltd. is now adding manganese to the mix.
......
While there isn’t a shortage of manganese yet, it’ll be an important component for batteries. South Africa tops the list of producers, followed by China, Australia, Brazil, Gabon and India.
As the battery supply chain gets concentrated in the hands of a few countries (or really, just China), it’s important for emerging and developing markets avoid getting left behind, and to grab their part too
https://www.business-standard.com/articl...134_1.html