Global Battery Demand Is Soaring, But Supply Is Lagging Behind

    There is an undeniable need for more electric batteries to be produced in line with the growing global demand for electric vehicles (EVs) and electronic devices. But companies are repeatedly falling behind on their production aims due to a multitude of challenges, from supply chain constraints caused by the Covid pandemic to lithium shortages in the face of rising demand.

Costs have soared in recent years, in response to these challenges, and many once-promising startups have failed in their attempt to weather the storm and come out…