Demand for lithium is expected to outpace global supply as consumers switch to battery-powered vehicles. With China currently leading in processing of the vital raw material, the U.S. government is looking to boost domestic production. Photo illustration: Carlos Waters/WSJThe world’s largest maker of electric-vehicle batteries is struggling to win back investor confidence after shedding nearly $100 billion of market value in less than six months.
The market has cooled on China’s Contemporary Amperex Technology Co. , or CATL, as high raw-material costs have squeezed its profit margins. Over a longer term, some investors and analysts question whether CATL’s growth could suffer as competitors expand rapidly and customers try
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