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Electric cars: the global rush for minerals

2024-03-15T05:55:54.874Z

Highlights: The semiconductor outage during and after the Covid pandemic served as a lesson for automakers. They learned the pain that the shortage of certain components could knock out their factories and create a blackout in production and sales. Now, they are on the lookout on all continents to secure their needs for critical materials necessary for electrification. Resources that they will need in large quantities and at a reasonable price to succeed in lowering the cost of batteries and, in turn, that of electric vehicles which are still too expensive. The automobile giants are not content with weaving a global network of giga-battery factories in which they have invested billions.


DECRYPTION – Stellantis or General Motors invest directly in mines. Others sign long-term contracts.


Never again !

The semiconductor outage during and after the Covid pandemic served as a lesson for automakers.

They learned the pain that the shortage of certain components could knock out their factories and create a blackout in production and sales.

Now, they are on the lookout on all continents to secure their needs for critical materials necessary for electrification.

Resources that they will need in large quantities and at a reasonable price to succeed in lowering the cost of batteries and, in turn, that of electric vehicles which are still too expensive.

Read also Electric cars: the State puts an end to the 2024 edition of “social leasing”

Thus, the automobile giants are not content with weaving a global network of giga-battery factories in which they have invested billions.

With Automotive Cell Company (ACC), a European company which also has Mercedes and TotalEnergies in the capital, Stellantis will have three giga-battery factories in France, Germany and Italy.

He also has…

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Source: lefigaro

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