The auto industry bets its future on batteries
Demand for this indispensable component is exceeding supply, prompting a global gold rush among investors, established companies and startups to develop the technology and build the factories for electric cars
February 17, 2021 / 01:07 PM IST
Jack Ewing and Ivan Penn
As automakers like General Motors, Volkswagen and Ford Motor Co. make bold promises about transitioning to an electrified, emission-free future, one thing is becoming obvious: They will need a lot of batteries.
Demand for this indispensable component already outstrips supply, prompting a global gold rush that has investors, established companies and startups racing to develop the technology and build the factories needed to churn out millions of electric cars.
Long considered one of the least interesting car...