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India’s Top 10 Lithium-ion Battery Manufacturers for 2023

Electric Vehicles India

The battery absorbs and stores this energy. Hyundai – EV 5. Reliance – EV Reliance New Energy Solar has acquired Faradion, a UK start-up that develops sodium-ion batteries. The company claims sodium-ion technology is safer and cheaper. If successful, Reliance will benefit from both renewable energy storage and vehicles.

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Promising EV Trends to Lookout For in 2023

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Although the higher upfront costs have long been a barrier to EV adoption, major automakers like Tesla, Chevrolet, Nissan, and Hyundai are also lowering the cost of their current models. The batteries that use sodium instead of the pricey and rare lithium are the ones that are the closest to being on the market.

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