by Ken Allen, on September 30, 2016
Electric cars like the Tesla Model S can travel for hundreds of miles on a single charge, completely revolutionizing clean transportation. But with sales for these vehicles set to increase dramatically around the world, the challenge for manufacturers is to source the materials necessary for their lithium-ion batteries.
The price of lithium carbonate and lithium hydroxide have skyrocketed since 2015, as demand for the two battery ingredients outpaces supply. Tesla will build about 80,000 electric vehicles in 2016 and is predicted to increase that number to 500,000 by 2018. Without additional resources and a more efficient supply chain, it will be difficult to control the cost of battery materials.
Labeling plays many critical roles in electric automobile production, from identifying chemical safety issues to ensuring that components are shipped on time and to the correct location. In a time of scarce supply, an Enterprise Labeling Solution can prevent automotive labeling errors from causing needless slowdowns.
For more on automotive labeling download our on demand webinar "EDI, Barcode Labeling and the Holistic Automotive Supply Chain Strategy" today.
