Insight - EV battery SPAC may unblock supply chains

Taking charge: A worker arranging car batteries at a factory in Nanjing. Battery Future Acquisition Corp is trying to take the EV battery supply chain beyond China, where most of the manufacturing is currently concentrated. ― AFP

AS a shortage for electric car batteries looms, one thing has become increasingly clear: Outside China, the powerpack supply chain is scattered and incomplete.

Technologies are at various stages, there’s money backing a host of different materials across a broad array of geographies and production processes, and scale is limited. But no one has been connecting the dots.