Issues faced by lithium-ion battery materials manufacturers
Issue1
Intensifying competition
There has been a rise in companies that are highly price competitive in recent years, mainly in Asia, similarly to the case of finished lithium-ion batteries.
Issue2
Challenges with procuring materials
Rare metal production is concentrated in certain countries, many of which experience political instability and other risks.
Issue3
Soaring material prices
Supply of rare metals like lithium, essential for cathode materials, is struggling to keep up with the rapid surge in demand, leading to significant shortages.
Issue4
Increasing quality requirements
Maximizing energy density and battery life cycle while improving safety is essential, requiring a balance of both high performance and safety.
There is an urgent need to develop new materials that offer a high level of performance, safety, and availability.