The Queen of Biomedicine Sells Batteries 2/ A Tesla needs 5,000 iPhone batteries, Taiwanese industry leaders are vying for a cross-border “new oil” lithium battery battle Finance CTWANT


Source: archynewsy.com archynewsy.com

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Only seven months have passed in 2022, and the global industry chain has migrated from a shortage of chips to a larger storm of shortages of electric vehicle batteries. Electric car leader Tesla has raised prices 4 times this year alone, because the supply of batteries is in short supply. The founder Musk said bluntly on Twitter a few days ago: “Lithium batteries are the new oil of the future”, and he did not even rule out mining lithium mines by himself. This year, Taiwan’s leading manufacturers of Formosa Plastics Group and Taiwan Cement are also vying to join this...