Rivian CEO Warns of Looming Electric-Vehicle Battery Shortage
By: Sean McLain and Scott Patterson
Source: Wall Street Journal
Chief Executive RJ Scaringe is warning that the auto industry could soon face a shortage of battery supplies for electric vehicles—a challenge that he says could surpass the current computer-chip shortage.
Car companies are trying to lock up limited supplies of raw materials such as cobalt, lithium and nickel that are key to battery making, and many are constructing their own battery plants to put more battery-powered models in showrooms.