Intensifying competition

Many companies are heavily investing in research and development to quickly bring new technologies to market, while numerous players from other industries are also entering the field.

Increasing quality requirements

Maximizing energy density and battery life cycle while improving safety is essential, requiring a balance of both high performance and safety.

Soaring material prices

Supply of rare metals like lithium, essential for cathode materials, is struggling to keep up with the rapid surge in demand, leading to significant shortages.

Reducing environmental impact

Despite ongoing global initiatives, technical and economic challenges persist in recycling. Combining recycling with reuse is crucial to achieve a sustainable society quickly.

Challenges with procuring materials

Rare metal production is concentrated in certain countries, many of which experience political instability and other risks.