SHANGHAI (Reuters) – Securing enough nickel is a major worry for electric vehicle firms, an executive from Chinese electric car and battery maker BYD Co Ltd said on Thursday, adding that the company would welcome joint ventures that help guarantee supply.
Nickel is one of several metals that are key components of electric vehicle (EV) batteries. A shift in battery chemistry toward higher nickel content, which would allow cars to go further on a single charge, is expected to boost demand further.
“The supply of nickel going forward is a big concern in everybody’s mind,” said Coco Liu, procurement director at BYD, at the Fastmarkets Battery Materials conference.
BYD counts Warren Buffet among its investors and is also German automaker Daimler AG’s partner in China.
Analysts had earlier told the conference that the market would be short of nickel if Chinese-led projects in Indonesia fail to deliver.
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