Rivian Automotive Inc. (NASDAQ:RIVN) CEO R.J. Scaringe has a raised a red flag over a potential shortage of battery supplies for the electric vehicles, a situation that he declared would be more acute than the ongoing shortage of computer chips.
What Happened: According to a Wall Street Journal report, Scaringe observed that shortages in the raw materials needed for the creation of batteries — including cobalt, lithium and nickel — have the potential of slowing the manufacturing of electric vehicle battery cells
