NEW YORK • As automakers like General Motors (GM), Volkswagen and Ford Motor make bold promises about transitioning to an electrified, emission-free future, one thing is becoming obvious: They will need a lot of batteries.
Demand for this indispensable component already outstrips supply, prompting a global rush that has investors, established companies and start-ups racing to develop the technology and build the factories needed to churn out millions of electric cars.
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