S&P Global also said soaring prices of critical battery metals threaten the profit margins of suppliers and automakers.
A fragile supply chain marred by geopolitical tensions could hit the planned expansion of electric vehicle battery production, slowing EV adoption, S&P Global Mobility warned in a report on Monday.
“Elements such as lithium, nickel, and cobalt do not just magically appear and transform into EV batteries and other components,” said Graham Evans, director of auto supply Chain & technology at S&P Global Mobility.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
PUBG Global Championship 2022 Brings Back The Pick'Em ChallengeKraftion Inc. announced this week that the PUBG Global Championship 2022 will be bringing back the Pick'Em Challenge. esports
Read more »
David Brooks: Taylor Swift and the rising trend of global sadnessDavid Brooks: 'The negativity in the culture reflects the negativity in real life.'
Read more »
Global concern on Russia's suspension of Ukraine grain dealU.S. President Joe Biden has warned that global hunger could increase because of Russia’s suspension of a U.N.-brokered deal to allow safe passage for ships carrying Ukrainian grain. “There’s no merit to what they’re doing,” Biden said Saturday.
Read more »
Kiko Milano’s CEO on Pivoting a Makeup Chain Into a Global Beauty BrandSimone Dominici is eyeing the 1 billion-euro milestone for sales in the near future.
Read more »
Western leaders blast Russia's exit from grain deal that's helped ease global hungerLeaders are condemning Moscow for triggering a new wave of fears about global hunger and rampant inflation with its decision to suspend participation in a U.N.-brokered grain agreement.
Read more »
These global stocks surged last week, and analysts give them further upsideA number of U.S. health care and pharmaceutical stocks had big gains last week, and analysts say they've got further to go.
Read more »