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 The U.S. green energy plan has suffered setbacks.
It found that it could not buy enough lithium batteries to power the planned electric vehicles. China dominates the lithium market and the cobalt and nickel markets used to make transmission rods. It chose to Reserve most of the supply of these commodities for domestic use.
Blackstone believes that Lithium Americas, Standard Lithium, Rock Tech Lithium Inc, Albermarle and Livent Corporation are all lithium battery companies that deserve attention. At the same time, electric vehicle manufacturers such as Tesla, General Motors, Ford, Fisker, Rivian Automotive, and Lucid Group all hope to reduce battery costs while expanding their scale.