EV batteries face the risk of thermal runaway, a dangerous reaction triggered by saltwater exposure, leading to fires even days after submersion.
Lithium-Ion Batteries
In the pursuit of deeper participation in Kazakhstan’s extractive industries, South Korea faces country-level and broader geopolitical risks.
Economies of scale, new supplies of lithium, and alternative technologies make it possible to sell electric vehicle batteries more cheaply.
Lithium-ion batteries fare poorly in cold weather. They have a tendency to slow down or even catch on fire.
Lithium-abundant Ukraine may be key to South Korea’s ambitions to become a global battery production powerhouse.
Norway’s phosphate discovery is potentially a massive boon for European electric vehicle automakers looking to source LFP battery materials.
New Delhi plans to build four 10GWh/year power plants at a total cost of $4 billion.
The new lithium extraction process reportedly reduces the cost of metal per tonne by more than six times.