As sales of Li-ion batteries accelerate, both governments and the largest battery manufacturers are beginning to grapple with the question of whether local manufacturing facilities are desirable or even necessary. Although this appears to buck the trend of technological development over the last few decades, there are a number of technical as well as geopolitical reasons that make this a major issue for all Li-ion battery manufacturing stakeholders. Everoze partner Jamie Shaw-Stewart explores some of these issues.
The container ship Felicity Ace sank off the coast of the Azores on March 1, 2022, after fire broke out on board. The ship was carrying 3,965 Volkswagen Group cars, including electric vehicles. A Harbourmaster in the Azores told media that lithium-ion batteries were the cause of the fire, though this has not been proven. All 22 crew members were safely evacuated, while insurers estimate the loss of goods on board at $438 million.
Image: Marinha Portuguesa
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