The surge in EV demand – Production boost for Battery material

The market has seen a surge in demand for electric cars which in turn puts pressure on the manufacturing sector to produce material in a more timely and orderly fashion. The most important and expensive part of an electric car is the battery and the demand for electric car batteries has never been higher. some manufacturers already assigning more resources and dedicating finance to build extra capacity manufacturing facilities to meet the demand of the sector.

Huntsman Corp to boost production of EV battery material by mid-2023 | Reuters

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