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Li-ion batteries make up the vast bulk of electric vehicle batteries. Lithium is used in Li-liquid-state ion’s technology to transport the electric charge between the electrodes. To put the size of EV batteries into perspective, consider that mobile phones utilize a significant amount of lithium, which increases demand for lithium and raises the price of its commodity.
However, there are some difficulties with Li-ion. As a result, battery producers are creating substitutes, with lead-acid, solid-state, nickel metal hydride (NMH), and ultracapacitors leading the way.
Innovation in this area was sparked by the shrinking size of electronics and the need for more operational time between charges. As a result, Li-ion batteries have a higher energy density than lead-acid and NMH batteries. Li-ion batteries are also recyclable, which makes them a fantastic option for customers who care about the environment.
The France EV Chemicals Market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.
In order to create the next generation of solid-state electrolytes for batteries, Solvay is strengthening its innovative capabilities in the market for electric vehicles.
The first investments were made locally with the opening this year of a dry room laboratory in the research facility of Solvay near Paris and the subsequent construction of a new R&D pilot line in La Rochelle.
Solvay is driving the discovery of cutting-edge inorganic materials for solid electrolytes, a crucial part of solid-state batteries, and accelerating the scale up of these materials with support from the Île-de-France and Nouvelle Aquitaine regions. Soon, the project is predicted to see full operation.