Global automakers are recalibrating 2025 electric vehicle delivery projections as lithium processing infrastructure struggles to keep pace with raw material extraction. While spodumene production remains robust, chemical conversion facility delays have tightened battery-grade lithium supply.
Vertical Integration and Capital Expenditure
Original equipment manufacturers are responding by investing directly in refining operations. Joint ventures between automakers and chemical producers have increased 30 percent year-over-year, aiming to secure direct supply lines and stabilize unit economics.