The Lithium Ion Battery Market Will Increase Rapidly

The solar modules market for electric vehicles will increase rapidly in the future, and lithium-ion battery technology is also widely accepted and practiced. It is predicted that the battery market will develop rapidly with the price reduction of lithium-ion batteries from 2013 to 2015. 

Currently, the anode of the battery uses copper, while the cathode uses aluminum. Polypropylene is the main material of the separated layer. The growth rate of the battery material market is 125% from 2008 to 2016. To find out the best lithium ion battery provider you can browse the website.

Whether the electric vehicles can be accepted by the public or not is decided by the safety of the battery system, because the heat produced by the car may cause a chemical reaction or even an explosion. The heat-resistant material and thermal management system are very important for electric vehicle promotion. 

The lithium-ion battery is expected to replace the Ni-MH because of its high density. The future development of the battery industry will be influenced by several elements, such as the infrastructure, globalization, and safety of the products, the balance between cost and performance, and the cooperation between suppliers and users. Besides, the charging time will be shortened dramatically, and the battery will be more powerful.

A report shows that there are fifty chemical material factories for the battery. They are almost located in Europe and America, offering products to the battery manufactures and the automotive original equipment manufacturers. 

Currently, the value chain of automotive batteries consists of chemical material suppliers, battery manufacturers, battery assemblers, and automobile OEMs.