3 years ago
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Pandemic slows electric vehicle revolution due to lithium battery shortage
The coronavirus pandemic has paused the electric vehicle revolution, forcing producers of battery metal lithium into survival mode with output cuts, expansion delays, and sales of major assets. Lithium industry shares have dropped sharply since January as the economic downturn from the pandemic slammed the brakes yet again on the electrification revolution that for years has seemed just around the corner. Investors are giving the cold shoulder to mine developers seeking funding for lithium projects.
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https://venturebeat.com
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Just when it looks like this technology will really gain momentum, it slows back down again. Will it recover and become mainstream?