CANADA EV CHEMICALS MARKET
INTRODUCTION
Its high power-to-mass ratio is one of the main factors electric car makers use lithium-ion battery technology. Range is harmed by heavy components because it takes too much energy for the battery to start and stop a bigger vehicle rather than allowing it to go farther on a single charge.
Li-ion batteries also outperform their alternatives at high temperatures and have a high energy density. The high energy density of Li-ion is largely due to its use in the consumer electronics sector.
Li-ion is the favoured technology for consumer devices due to these advantages. However, specialised energy is needed for automotive applications. These goals and the stalling improvement in energy density suggest that new materials may need to be developed or taken into consideration in order to meet the demand for energy.
The price, supply chain, and accessibility of the new materials for non-automotive uses may change or be modified as a result of the Li-ion battery chemical change or modification for EVs.
CANADA EV CHEMICALS MARKET SIZE AND FORECAST
The Canada EV Chemicals Market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2026, registering a CAGR of XX% from 2022 to 2027.
NEW PRODUCT LAUNCH
The governments of Canada and Quebec are collaborating with General Motors Co. and POSCO Chemical to construct a new factory in Bécancour, Quebec. For GM’s Ultium batteries, which power electric vehicles like the Chevrolet Silverado EV, GMC HUMMER EV, and Cadillac LYRIQ, the new plant will manufacture cathode active material (CAM).
The firms earlier disclosed plans to establish a joint venture for CAM processing, with POSCO Chemical holding the majority of the shares. The joint venture will start operating the new facility as soon as it is built. Construction of the location will open up chances for growth in the future as GM pursues other possible EV supply chain projects.
COMPANY PROFILE
- Panasonic
- LG
- CALB Technology
- Samsung SDI
- BYD Ltd.
THIS REPORT WILL ANSWER FOLLOWING QUESTIONS
- What is the average cost per Canada EV Chemicals Market right now and how will it change in the next 5-6 years?
- Average cost to set up a Canada EV Chemicals Market in Canada?
- How many Canada EV Chemicals Market are manufactured per annum globally? Who are the sub-component suppliers in different regions?
- What is happening in the overall public, globally?
- Cost breakup of a Canada EV Chemicals Market and key vendor selection criteria
- Where is the Canada EV Chemicals Market manufactured? What is the average margin per equipment?
- Market share of Canada EV Chemicals Market manufacturers and their upcoming products
- The most important planned Canada EV Chemicals Market in next 2 years
- Details on network of major Canada EV Chemicals Market and pricing plans
- Cost advantage for OEMs who manufacture Canada EV Chemicals Market in-house
- 5 key predictions for next 5 years in Canada EV Chemicals Market
- Average B-2-B Canada EV Chemicals Market price in all segments
- Latest trends in Canada EV Chemicals Market, by every market segment
- The market size (both volume and value) of Canada EV Chemicals Market in 2022-2027 and every year in between?
- Global production breakup of Canada EV Chemicals Market, by suppliers and their OEM relationship
