Gavekal Technologies

Battery makers are working hard to escape commodity hell by designing cells that integrate directly into electric cars’ bodies, boosting performance while making it harder for EV makers to switch battery suppliers. EV manufacturing is becoming a tug-of-war between battery makers, which like the pricing power that integrated design gives them, and carmakers, who need to decide how much flexibility they will sacrifice for better efficiency.

The AI boom’s critical minerals problems; China gives warm welcome to AMD.