In recent weeks, the industry has seen reports of major auto companies facing lithium ion battery shortages which is having a direct impact on production schedules for their electric vehicles (EVs).
Firstly, Daimler AG was reported to have halved its production targets to 30,000 in 2020 for its Mercedes-Benz EQC electric vehicle (EV), having allegedly only produced 7,000 in 2019 far below the target of 25,000.
These reports were swiftly followed by similar statements related to Audi, and that production of its E-Tron was being hampered by a shortfall of “battery parts” – namely battery cells . . .