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Lithium ions move back and forth between the negative (anode) and positive (cathode) electrodes of a lithium-ion battery during charging and discharging.
One rechargeable battery is a lithium-ion one. Consumer gadgets like smartphones and PCs, industrial robots, factory machinery, and automobiles all employ lithium-ion batteries because they are excellent for storing high-capacity electricity.
The advantages of Lithium-ion batteries are that Li-ion batteries require little upkeep and do not need to be cycled on a regular basis to extend their life, they can produce a lot of current for high-power applications.
The global industrial lithium-ion battery market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2022 to 2030.
A new inverter series called Li-ON, an integrated inverter with lithium-ion batteries, has been launched by Luminous Power Technologies, the industry innovator in energy solutions.
The new Li-ion battery-powered series, which is being hailed as the industry’s power storage of the future, is in line with the concept of an integrated approach to science and technology for a sustainable future.
The new inverter series offers high-rated performance with no maintenance and is small, safe, efficient, and effective.
Two new lithium ion battery cells and improved Gen 4 battery packs have been added to Microvast Holdings, Inc.’s product lineup.
The new 48Ah and 53.5Ah NMC Li-ion battery cells were created to satisfy the many technical specifications needed to power commercial and speciality vehicles. In comparison to its predecessor, the MpCO-48Ah cell delivers a 10% improvement in energy density (205 Wh/kg), as well as 3C fast-charging capability and a cycle life of more than 7,000 cycles.
The HPCO-53.5Ah cell offers 1C quick charging and has a remarkable energy density of 235 Wh/kg and a life that can go over 5,000 cycles.
RECENT DEVELOPMENT AND INNOVATION
The newest automaker with plans to produce lithium-ion batteries in the United States is Honda. The automaker announced that it is establishing a joint venture with LG Energy Solutions to supply “pouch type” batteries to the North American market for use in its Honda and Acura brands’ electric vehicles.
The joint venture seeks to begin construction as soon as possible and is anticipated to start by the end of the year, pending regulatory approval.
In Indiana, a lithium-ion battery manufacturing facility will be built in collaboration by Stellantis and Samsung SDI. The project, Stellantis’ first battery plant in the United States and fifth worldwide, will result in new jobs.
The newest factory will open in the coming years close to Stellantis’ engine, casting, and transmission plants in Kokomo, Indiana, where the business is also investing to make electrified, eight-speed transmissions to help it achieve its goal of having more than half of its sales in the United States come from EVs.
Hyundai’s blockbuster revealed its intentions to invest in North American mobility innovation, including a factory for making batteries and EVs outside Savannah, Georgia. The project is the largest economic development deal the Peach State has ever attracted.
The goal of the international behemoth to ramp up the production of electric vehicles will be supported by Stellantis’ joint venture with the South Korean battery manufacturer in Indiana.
A national workforce development strategy for lithium-battery manufacturing has been launched, according to the U.S. Department of Energy (DOE), in collaboration with the U.S. Department of Labor and the AFL-CIO. In exchange for funding, DOE will support up to five pilot training initiatives in the energy and automotive sectors and advance labor-management alliances for the domestic lithium battery supply chain.
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