Lithium battery shortage will become an upside risk for the electric vehicle industry in 2022

Blackstone analysts Byron Wien and Joe Zidle warned that unexpected shortages of lithium batteries may pose risks to the upside of the electric vehicle industry.

Wien and Zidle listed lithium batteries as one of the top ten surprises to watch in 2022.

They said, “ In a setback to its green energy program, the United States finds it cannot buy enough lithium batteries to power the electric vehicles planned for production. China controls the lithium market, as well as the markets for the cobalt and nickel used in making the transmission rods, and it opts to reserve most of the supply of these commodities for domestic use."

Blackstone believes that $Lithium Americas (LAC.US)$ , $Standard Lithium (SLI.US)$, $ROCK TECH LITHIUM INC (RCKTF.US)$, $Albemarle (ALB.US)$ and $Livent (LTHM.US)$ are all lithium battery companies that deserve attention.

At the same time, electric vehicle manufacturers such as $Tesla (TSLA.US)$ , $General Motors (GM.US)$ , $Ford Motor (F.US)$ , $Fisker (FSR.US)$ , $Rivian Automotive (RIVN.US)$ and $Lucid Group (LCID.US)$ have all Hope to reduce battery costs while expanding the scale.