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Rechargeable lithium-ion batteries, which have a higher energy density than rechargeable nickel-cadmium batteries or the lead-acid batteries used in internal combustion engines, power electric vehicles.
Due to their high energy density, lithium-ion batteries are perfect for use in electric vehicles because they produce more power relative to their size.
Temperature, cycles, and time are the main causes of EV battery degradation. The lifespan of an EV battery is greatly influenced by storage and operation temperatures; generally speaking, warmer climes have a negative impact.
The battery gradually loses its maximum potential as it undergoes charge cycles—discharged while driving and recharged when plugged in.
Compared to ICE vehicles, EVs are significantly more straightforward and effective because the battery is their only source of electricity.
The Germany Electric tractor battery 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.
A plant will be constructed near Heide, in northern Germany, by the Swedish manufacturer of lithium-ion batteries, Northvolt. The battery capacity of the plant will be 60 GW h per year, which is sufficient to power 1 million electric vehicles.
When the Heide plant opens, it will be Northvolt’s third and its first outside of Sweden. It will include a battery recycling facility. According to Northvolt, the site was picked mostly because Heide has excess electricity produced by onshore and offshore wind power.
The Heide project fits nicely within a bright future group of clean technology businesses that are starting to emerge in northern Germany.
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