Reading Time: 2 minutes As per the expert reports, the global market value for lithium-ion battery recycling is around $1.5 billion, with a projected growth rate (CAGR) of around 18% from 2020 to 2025. Energy storage systems (ESS) and electric vehicles (EVs) are becoming more and more popular, which has increased demand for lithium-ion batteries and necessitated their recycling. Lithium-ion batteries include important metals like lithium, cobalt, and nickel … Continue reading How strong is the lithium-ion battery recycling market?

Reading Time: 2 minutes According to experts, the market growth for lithium-ion batteries used in electric vehicles is expected to be high in the coming years. According to reports by BloombergNEF, the li-ion battery demand for EVs is expected to increase from 115 GWh in 2020 to 1.2 TWh by 2030. According to a report by Grand View Research, the market estimation for lithium-ion batteries was projected to reach … Continue reading What is the market estimation for lithium-ion batteries in EVs?

Reading Time: < 1 minutes The types of controversies surrounding the production and use of lithium-ion batteries are: Even though practical steps are taken to address the rising controversies through responsible sourcing practices, cleaner production processes, and recycling of used batteries. Source: Euronews, BBC, wired, nytimes Continue reading What are the controversies surrounding Li-ion battery production?

Reading Time: 2 minutes The most common use of lithium-ion batteries is as rechargeable batteries. It is commonly used in electronic devices such as smartphones, laptops, and electric vehicles. Lithium-ion batteries are known for their high energy density, long cycle life, and relatively low self-discharge rate. Li-ion batteries are composed of a cathode and an anode, with an electrolyte separating the two electrodes. The cathode is made up of … Continue reading What are the key battery raw materials associated with lithium-ion batteries?

Reading Time: 2 minutes According to market research reports, the global lithium-ion battery market is expected to grow significantly between 2020 and 2025 by driving the increasing demand for electric vehicles and growing the adoption of renewable energy sources. The segmentation of the market is based on type, power capacity, application, and geography. The market by type is classified into lithium cobalt oxide, lithium manganese oxide, lithium iron phosphate, … Continue reading What is the global lithium-ion battery market from 2020 to 2025?

Reading Time: 2 minutes The several future predictions for the company and technology to revolutionize the energy storage industry are:- As we are shifting into a more energy-preserving environment and becoming more responsible towards technology, that could lead us to be more sustainable and improve green technology. The future shows that companies like StoreDot could provide a solution not just for one industry but for a chain of different … Continue reading How StoreDot’s battery technology can revolutionize the energy storage industry?

Reading Time: < 1 minutes In 2020, Zeekr was established as a subsidiary of Geely Automobile Holdings. It is a Chinese electric vehicle manufacturer. High-performance EVs are aimed for production by the company to leverage Geely’s expertise in the automotive industry. Zeekr 001 is the first model to be unveiled in April 2021. The Zeekr 001 is a luxury electric sedan with advanced feature technology and high-performance components. The vehicle … Continue reading What’s new with Zeekr electric car market?

Reading Time: 2 minutes South Korea has set a goal to capture 12% of the global electric vehicle (EV) market by 2030. This is an ambitious target, but there are several factors that support the country’s ability to achieve it. As per industrial reports, South Korea can capture 12% of the global electric vehicle (EV) market by 2030, but requires sustained effort and continued support from the government and … Continue reading South Korea aims to garner 12 percent of the world’s EV market by 2030

Reading Time: 3 minutes One of the biggest and most developed markets in the world for electric vehicle (EV) batteries is South Korea. Several of the world’s top battery manufacturers, including LG Chem and SK Innovation, which are among the biggest manufacturers of lithium-ion batteries worldwide, are based in South Korea. To help the EV industry expand, these businesses have made large investments in the creation of cutting-edge battery … Continue reading What is the EV battery market scenario in South Korea?