You don’t need to be manufacturing batteries to make EVs. Even vertical integration darling, Tesla, is buying most of their batteries (and the tech behind them) from suppliers like BYD and Panasonic. Their in-house efforts so far are not yielding any massive success.
Batteries at the core are commodities, where you have laser thin margins and supplier model that is pulling R&D costs from many companies is basically only long term way to go.
Electric part of an EV is easy. It’s a car that’s hard part.
Batteries at the core are commodities, where you have laser thin margins and supplier model that is pulling R&D costs from many companies is basically only long term way to go.
Electric part of an EV is easy. It’s a car that’s hard part.