Rivian CEO Warns of Looming Electric-Vehicle Battery Shortage

NORMAL, Ill.—Rivian Automotive Inc. Chief Executive RJ Scaringe is warning that the auto business might quickly face a looming scarcity of battery provides for electrical automobiles—a problem that he says might surpass the present computer-chip scarcity.

Car corporations try to lock up restricted provides of uncooked supplies like cobalt, lithium and nickel which might be key to battery making, and plenty of are developing their very own battery vegetation to place extra battery-powered fashions in showrooms.

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