As hundreds of thousands of EVs come to market over the next few years, demand for critical battery materials like lithium, graphite, nickel, and cobalt has never been higher. Automakers are scrambling to ensure their own supply of key raw materials and, in the process, reduce their reliance on China, the dominant force in the industry.
The result? The price of raw materials has skyrocketed, and it might not come back down to earth for some time.
Battery chemistry company Sila says it has a solution to relieve at least one of the current bottlenecks — replacing the graphite in a battery cell’s
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