Affordable EVs are the next step in widespread adoption of EVs for many automakers. Now, in addition to existing supply shortages, the invasion of Ukraine has driven critical material prices higher. Expenses across the EV industry have climbed in correlation with rising costs of Lithium, Nickel, and Cobalt.
Startup shutdowns. Smaller companies such as Rivian are looking for ways to survive soaring material prices. Larger automakers have long-term contracts and negotiation options smaller companies do not. The resulting ecosystem may have larger companies moving to acquire smaller ones though there is no mention at this time.
Telling it like it is - The supply chain shortage, now with Periodic Table Bingo!