Li-Ion Batteries for EVs Will Surpass $24 Billion in Annual Revenue by 2023

Lithium ion (Li-ion) batteries have emerged as the leading battery technology for a wide variety of applications, including mobile devices, grid-scale energy storage, and plug-in vehicles. The market for Li-ion batteries for automobiles is expected to expand rapidly over the next 10 years, with all-electric vehicles for consumers drawing the largest share. According to a […]