The Future of EV Batteries

Global passenger plug-in EV sales could reach as high as 29 million units in 2027, which is more than double the sales expected this year. Demand growth incentivizes the pursuit of economies of scale and lower manufacturing costs. LFP batteries have a fairly strong advantage of largely because that's the battery chemistry that's been dominant in China. In 2021, 80% of the batteries on the market were nickel manning in his cobalt,. And that's still largely because of their profound advantages as it relates to performance.

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