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The popularity of electric vehicles has led to a shortage of power batteries

July 24, 2022
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According to reports, with the increase in demand for lithium batteries in the next few years, many lithium mine companies have rushed to increase production capacity before the surge in sales of electric vehicles, but some analysts believe that the current preparations may not be enough to meet the electric vehicle market. Demand, which may lead to soaring lithium mine prices. Let's take a look at the related content with the car electronics editor.

According to media sources, analysts pointed out that some lithium deposits may take years or more to accommodate the sharp increase in production, which will require billions of dollars in funding, which is partly derived from long-term supply contracts.

Roskill, a market research firm, said that by 2025, the demand for lithium carbonate will increase from 227,000 tons this year to 785,000 tons. Despite efforts to increase lithium mine production, the analysis predicts that there will still be a supply gap of 26,000 tons per year by 2025.

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The popularity of electric vehicles has led to a shortage of power batteries

According to an agency, the price of lithium carbonate may jump from the current $9,000 (about 603,000 yuan) per ton to $13,000 (about 872,000 yuan) per ton. Lithium hydroxide, an alternative compound, is said to have higher energy density and longer life. Up to now, its price has risen from 9,000 US dollars per ton (about 603,000 yuan) to 13,000 US dollars per ton (about 872,000 yuan).

The decline in battery prices seems to have paved the way for Chevrolet Bolt and Tesla Model 3 sales, which allows automakers to realize the profitability of electric vehicles for a long time at the price range of $30,000 to $40,000. Tesla has signed a long-term contract with a lithium supplier to maintain its Gigafactory lithium-ion plant. But the company has not yet revealed how long these agreements and potential contingency plans can sustain if there are shortages of suppliers and supply chain disruptions.

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