The Future of Lithium-Ion Batteries: Demand, Technologies and Investments
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Though annual demand for lithium-ion batteries is poised to grow by more than threefold for EVs and ninefold for energy storage by 2022, battery prices will hugely impact their actual uptake in the market. As demand grows, battery manufacturers are working toward future battery price reductions by ramping up battery production, improving battery energy density and developing successful recycling technology for recovering valuable metals and closing the lithium-ion battery supply loop.
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