CATL Says Mining, Not Refining, Is Battery Sector’s Biggest Hurdle for EV Supply
Updated
Updated · Bloomberg · Jul 2
CATL Says Mining, Not Refining, Is Battery Sector’s Biggest Hurdle for EV Supply
3 articles · Updated · Bloomberg · Jul 2
Summary
CATL said securing key raw materials has become a top priority, arguing the main constraint on battery production is mining capacity rather than refining.
Jiang Li, a vice president at the world’s largest EV battery maker, said processing is “not the bottleneck,” while upstream access is central to building CATL’s cost advantage.
The stance underscores how battery competition is shifting beyond factory scale toward control of mineral supply needed for electric-vehicle production.