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Supply chain disruptions may affect EV battery production

Posted On: Nov. 1, 2022 9:58 AM CST

Supply chain risk

A report by S&P Global Mobility said that a fragile supply chain marred by geopolitical tensions could hit the planned expansion of electric vehicle battery production, slowing EV adoption, U.S. News reported citing Reuters. S&P Global added that soaring prices of critical battery metals threaten the profit margins of suppliers and automakers.