Chinese EV firms face new hurdle as battery supply bottleneck leads to delays in deliveries

//Chinese EV firms face new hurdle as battery supply bottleneck leads to delays in deliveries

Chinese EV firms face new hurdle as battery supply bottleneck leads to delays in deliveries

China’s booming electric vehicle (EV) sector has hit yet another speed bump, a shortfall of batteries, which is leading to delays in the delivery of cars.“The EV market is growing at a torrid pace that keeps beating estimates by assemblers and component suppliers,” said David Zhang, an automobiles industry researcher at the North China University of Technology. “It will take time for key battery manufacturers to expand production capacity to meet demand.”Last December, Xpeng Motors, one of…

Article by [author-name] (c) Business - South China Morning Post - Read full story here.

By | 2022-02-27T07:50:15+00:00 February 27th, 2022|Business|Comments Off on Chinese EV firms face new hurdle as battery supply bottleneck leads to delays in deliveries