Battery raw material soared in 2021

For the batteries, Telsa’s boss Elon Musk has big ambition for electric cars due to Tesla’s surging shares give it the resources to grow fast.
But the established carmakers won’t lose the electric cars marketing. On Feb 17th Ford’s European division said that it would go all -electric by 2030.
Days earlier Jaguar Land Rover,announced that the posh Jaguar brand would become fully electric by 2025.
On January General Motors promised it would make only zero-emissions cars after 2035. The Volkswagen plans to spend around $88bn over the next five years on battery power and digitization.
From all the information, your can see, the batteries request is soared. But the battery production can not increased in limited time.
But as for the chip, another important material for the batteries, the situation is not so good!
2020 was special year due to the lockdowns caused by epidemic. The chip production capacity declined in the international marketing due to the lockdown policy or positive view for the marketing of the chip manufacturer.
The COVID-19 epidemic has boosted demand for tablets, laptops and other commercial consumer electronics . Besides the medical products such ventilator,infusion pump and other COVID-19 Response products also need batteries too.
Then it caused the shortage of the chip.
2021, the government in all the countries slowly easing lockdowns, as vaccines reduce hospitalizations and deaths from covid-19. Attention is turning to the likely shape of the economic recovery.
The economic recovery means the more request for chip.
That is the second reason, the demand for chip soared.
Even TSMC try to increase their production capacity positively, but the production capacity for chip can not increased in limited time. There will be a long time for the shortage of chip.
There has some news in China, due to lack of chip, the Car production will be reduced .This carmaker included General Motors,Volkswagen and Ford. I think you can got this News in USA too.
2021, the government in all the countries slowly easing lockdowns, as vaccines reduce hospitalizations and deaths from covid-19. Attention is turning to the likely shape of the economic recovery.
The economic recovery means the more request for chip.
That is the second reason, the demand for chip soared.
Even TSMC try to increase their production capacity positively, but the production capacity for chip can not increased in limited time. There will be a long time for the shortage of chip.
There has some news in China, due to lack of chip, the Car production will be reduced .This carmaker included General Motors,Volkswagen and Ford.
The pandemic has disrupted the supply chain globally, all the battery raw materials are in short supply,
and the costs have been increasing sharply. Many factories have stopped supplying.