From the ever-increasing demand for smartphones to the growing popularity of electric vehicles, lithium batteries are becoming more and more sought-after. However, the industry is undergoing a supply chain shortage, making it difficult for businesses to get their hands on lithium batteries for reasonable prices. This article will discuss how partnering with a lithium battery supplier can help businesses remain competitive and tackle the challenges of the industry.
Partnering with a lithium battery supplier provides businesses with lifetime value. This is because suppliers offer first-hand access to top-quality products, ensuring that businesses don't have to scour the market for lithium batteries when restocking. Instead, they'll have a reliable supplier in mind, enabling more efficient manufacturing processes. This can cut down on manufacturing time and costs, contributing to the lifetime value of the business.
The future of lithium batteries is uncertain; however, joining forces with a supplier means businesses will be provided with ongoing support. For instance, a lithium battery supplier can keep businesses updated regarding changes in the market. They can also make provisions to ensure manufacturers have access to batteries when they need them. Additionally, by creating a loyal partnership with a battery supplier, businesses can receive the best deals. Given the current circumstances, this continuous support is extremely valuable.
The shortage of lithium batteries mainly stems from the availability and cost of raw materials. As demand for lithium batteries continues to rise, the production of lithium batteries relies on raw materials that are currently in short supply, causing prices to skyrocket. Since lithium battery suppliers specialize in this area, they are more equipped than anyone to make the necessary calls to tackle supply chain issues. This may include adopting a more integrated approach between chemistry and metallurgy to reduce costs and secure supply, or regionalization to make lithium batteries available on a wider scale.
The shortage caused by the demand for raw materials has resulted in prices for lithium batteries being higher than ever. Therefore, production costs need to be reduced to balance out costs. Lithium battery suppliers are well-equipped to assess the cell chemistries and design to improve the makeup of lithium batteries. For instance, they may opt for a higher nickel content and more silicone. This can be facilitated via larger cell formats and a lower share of non-active materials. Further price reductions can be achieved by increasing the size of the modules to limit the number of modules per pack. Businesses with a dedicated lithium battery supplier will see these necessary changes take place faster than those without.
As a UK-based battery supplier, YOK Energy provides product manufacturers with the necessary lithium battery solutions. They offer bespoke and standard battery packs, allowing businesses to choose the ideal battery for their unique products. YOK Energy's mission is to make the lives of manufacturing businesses easier, even amid the current uncertain circumstances. If businesses could use a lithium battery supplier to tackle the shortage and price increases, YOK Energy is ready to help.
Conclusion In conclusion, partnering with a lithium battery supplier can provide businesses with access to top-quality products, ongoing support, and expertise to tackle supply chain challenges. It can also reduce production costs and provide faster access to necessary changes, resulting in improved manufacturing processes and lifetime value for businesses.
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