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With the increase in the demand for different energy sources, worldwide efforts are being made to develop different kinds of energy devices such as lithium-ion batteries, lead-acid batteries, redox flow batteries, lithium-air batteries, zinc-air batteries, sodium-ion batteries, fuel cells, and supercapacitors.
Another chemistry that is coming onstream is sodium ion. CATL, the world’s biggest battery manufacturer and BYD have both indicated they will have Sodium-ion (Na-ion) packs ready for cars this year (2023). million kilometers. These packs will be cheaper and much more environmentally friendly.
That’s why billions of investment dollars are flowing into the EV supply chain, including EV battery manufacturing. Major automotive manufacturers and independent battery manufacturers are committed to bring solid-state batteries to market, but no one has yet figured out how to produce them at scale.
Major manufacturers will release new models of heavy-duty trucks and delivery vans. Some other Battery news are, New developments and experiments in battery chemistries like lithium-air and magnesium-ion are going on. billion in 2021 to $848.94 billion by 2030 by a cumulative annual growth rate (CAGR) of 9.51%%.
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