World’s Top Battery Maker Urges China to Secure Lithium
- CATL Chairman Zeng makes proposals to parliamentary session
- Lithium prices have skyrocketed as EV adoption accelerates
Lithium ore
Photographer: Carla Gottgens/BloombergThis article is for subscribers only.
The chairman of the world’s largest electric-car battery maker has urged the Chinese government to strengthen the lithium supply chain, given the risk of shortages of the key ingredient as demand accelerates with rising adoption of electric vehicles.
Contemporary Amperex Technology Ltd. Chairman Zeng Yuqun submitted four proposals to China’s annual parliamentary session, including speeding up exploration and development of lithium resources, encouraging independent scientific and technological research, and improving the level of resource recycling, according to a company statement.