Rivian believes a lack of batteries will make semiconductor shortages look like appetizers
see photosRivian’s IPO propelled it ahead of the likes of Toyota.
Rivian CEO RJ Scaring has warned the automotive industry about potential battery shortages that will be far worse than the industry facing semiconductor shortages. He described the shortfall as a small appetizer, but it came as Tesla predicted it nearly a decade earlier when it announced its plans for its first Gigafactory that would have in-house battery manufacturing.
“Semiconductors are a small appetizer for what we’re going to realize on battery cells over the next two decades,” he told the Wall Street Journal.
Rivian CEO RJ Scaringe
He believes that the problem of imbalance in battery supply is going to become a bigger issue, which was also highlighted by BMW CEO Oliver Gipps, who fears that a dramatic transition towards EVs will put many companies in a difficult position. Because the battery supply is largely coming from China.
0 notes
Of course, many companies have invested in diversifying battery supplies. Northvolt is coming to Europe, Foxconn is investing in the US, and Tesla is looking to Indonesia but these gigafactories take time to arrive. These factories may be 2-3 years away and as the demand for EVs increases, battery shortage could be a bigger problem that no one knows for sure.
for the latest auto news And AnalysisFollow carandbike.com Twitter, Facebookand subscribe us youtube Channel.