汽车业

Global carmakers race to lock in lithium for electric vehicles

As Nissan and Mitsubishi Motors rolled out their electric cars for the mass market in 2010, Japanese manufacturers placed enthusiastic bets on a surge in battery demand. But the electric vehicle revolution failed to materialise and much of their investments went sour.  

Nearly a decade later, China and other governments are driving a massive push for a future of electric cars as they try to shift consumers away from combustion engines.

To capture the market for these vehicles, global carmakers from Volkswagen to Tesla are attempting to lock in supplies of raw materials that are needed to increase production of lithium ion batteries, which will power this electric revolution.

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