Battery types

Kelly Kay Joins Board of Directors at Lithium-Ion Battery Recycling and Manufacturing Startup, Battery Resourcers

Retrieved on: 
Tuesday, July 27, 2021

WORCESTER, Mass., July 27, 2021 /PRNewswire/ -- Battery Resourcers , a vertically integrated lithium-ion battery recycling and manufacturing company, today announced the appointment of Kelly Kay to its board of directors.

Key Points: 
  • WORCESTER, Mass., July 27, 2021 /PRNewswire/ -- Battery Resourcers , a vertically integrated lithium-ion battery recycling and manufacturing company, today announced the appointment of Kelly Kay to its board of directors.
  • "This is pivotal moment for Battery Resourcers as we work to scale up and commercialize our technology," said Mike O'Kronley, CEO and Director of Battery Resourcers.
  • Based in Worcester, Mass., Battery Resourcers operates the world's most efficient lithium-ion battery recycling process.
  • Unlike other battery recycling companies, Battery Resourcers offers a fundamentally new approach to lithium-ion battery manufacturing, starting with a mixed stream of used lithium-ion batteries or production scrap and ending with the production of finished, battery-ready cathode active materials.

Global Lithium-Ion Battery Market Size Could Exceed $115 Billion By 2030 as Demand is Booming

Retrieved on: 
Tuesday, July 27, 2021

The growing adoption of EVs among consumers has helped boost the market for these energy-saving, pollution-reducing vehicles.

Key Points: 
  • The growing adoption of EVs among consumers has helped boost the market for these energy-saving, pollution-reducing vehicles.
  • A report from MarketsAndMarkets said that the global lithium-ion battery market size is projected to grow from USD 41.1 billion in 2021 to USD 116.6 billion by 2030; it is expected to grow at a CAGR of 12.3% from 2021 to 2030.
  • The primary component of any lithium-ion battery is the cell, which accounts for almost 50% of its cost; electronics, assembly, and packaging account for the rest.
  • According to General Motors Company (US), the cost of a cell is expected to drop to USD 100 per kWh by 2021.

Global Lithium-Ion Battery Market Size Could Exceed $115 Billion By 2030 as Demand is Booming

Retrieved on: 
Tuesday, July 27, 2021

The growing adoption of EVs among consumers has helped boost the market for these energy-saving, pollution-reducing vehicles.

Key Points: 
  • The growing adoption of EVs among consumers has helped boost the market for these energy-saving, pollution-reducing vehicles.
  • A report from MarketsAndMarkets said that the global lithium-ion battery market size is projected to grow from USD 41.1 billion in 2021 to USD 116.6 billion by 2030; it is expected to grow at a CAGR of 12.3% from 2021 to 2030.
  • The primary component of any lithium-ion battery is the cell, which accounts for almost 50% of its cost; electronics, assembly, and packaging account for the rest.
  • According to General Motors Company (US), the cost of a cell is expected to drop to USD 100 per kWh by 2021.

Trends in Solid-State Batteries, Discussed by IDTechEx

Retrieved on: 
Monday, July 26, 2021

Most current lithium-ion technologies employ liquid electrolytes, with lithium salts such as LiPF6, LiBF4, or LiClO4 in an organic solvent.

Key Points: 
  • Most current lithium-ion technologies employ liquid electrolytes, with lithium salts such as LiPF6, LiBF4, or LiClO4 in an organic solvent.
  • Furthermore, liquid electrolytes need membranes to separate the cathode and anode, as well as an impermeable casing to avoid leakage.
  • Therefore, even the initial generations of solid-state batteries may have similar or even less energy density than conventional lithium-ion batteries.
  • IDTechEx guides your strategic business decisions through its Research, Subscription and Consultancy products, helping you profit from emerging technologies.

Trends in Solid-State Batteries, Discussed by IDTechEx

Retrieved on: 
Monday, July 26, 2021

Most current lithium-ion technologies employ liquid electrolytes, with lithium salts such as LiPF6, LiBF4, or LiClO4 in an organic solvent.

Key Points: 
  • Most current lithium-ion technologies employ liquid electrolytes, with lithium salts such as LiPF6, LiBF4, or LiClO4 in an organic solvent.
  • Furthermore, liquid electrolytes need membranes to separate the cathode and anode, as well as an impermeable casing to avoid leakage.
  • Therefore, even the initial generations of solid-state batteries may have similar or even less energy density than conventional lithium-ion batteries.
  • IDTechEx guides your strategic business decisions through its Research, Subscription and Consultancy products, helping you profit from emerging technologies.

CBAK Energy Announces Framework Agreement to Acquire Majority Stake in Zhejiang Meidu Hitrans

Retrieved on: 
Monday, July 26, 2021

DALIAN, China, July 26, 2021 /PRNewswire/ --CBAK Energy Technology, Inc. (NASDAQ: CBAT) ("CBAK Energy," or the "Company"), a leading lithium-ion battery manufacturer and electric energy solution provider in China, today announced that its wholly-owned subsidiary Dalian CBAK Power Battery Co., Ltd. ("CBAK Power") has entered into a framework agreement to acquire a majority stake in Zhejiang Meidu Hitrans Lithium Battery Technology Co. ("Hitrans"), a leading lithium-ion battery material supplier in China.

Key Points: 
  • DALIAN, China, July 26, 2021 /PRNewswire/ --CBAK Energy Technology, Inc. (NASDAQ: CBAT) ("CBAK Energy," or the "Company"), a leading lithium-ion battery manufacturer and electric energy solution provider in China, today announced that its wholly-owned subsidiary Dalian CBAK Power Battery Co., Ltd. ("CBAK Power") has entered into a framework agreement to acquire a majority stake in Zhejiang Meidu Hitrans Lithium Battery Technology Co. ("Hitrans"), a leading lithium-ion battery material supplier in China.
  • CBAK Power will acquire 81.56% of the equity interests of Hitrans currently held by Zhejiang Meidu Graphene Technology Co. and Hitrans's management shareholders for an aggregate consideration of approximately RMB158.74 million (approximately $24.50 million).
  • The transaction is subject to certain closing conditions, and CBAK Power aims to complete the acquisition in the third quarter of 2021.
  • CBAK Energy Technology, Inc. is a leading high-tech enterprise in China engaged in the development, manufacturing, and sales of new energy high power lithium batteries.

Ecobat Acquires Leading European Lithium-Ion Recycler

Retrieved on: 
Monday, July 26, 2021

IRVING, Texas, July 26, 2021 /PRNewswire/ -- Ecobat, the global leader in recycling batteries, announced today that it has acquired Promesa, a leading EV lithium-ion battery recycling operator based in Hettstedt, Germany.

Key Points: 
  • IRVING, Texas, July 26, 2021 /PRNewswire/ --Ecobat, the global leader in recycling batteries, announced today that it has acquired Promesa, a leading EV lithium-ion battery recycling operator based in Hettstedt, Germany.
  • Additionally, Promesa represents a critical part of the battery recycling process and value chain and will provide Ecobat with access to business-critical permits for 3,200 tons of chemical compounds.
  • These contracts cover a broad range of waste materials associated with a variety of battery chemistries from household to electric vehicle, positioning Ecobat for expansive growth opportunities.
  • The entire process is designed to handle battery and accumulator systems from the post-consumer, industrial and military sectors.

Ecobat Acquires Leading European Lithium-Ion Recycler

Retrieved on: 
Monday, July 26, 2021

IRVING, Texas, July 26, 2021 /PRNewswire/ -- Ecobat, the global leader in recycling batteries, announced today that it has acquired Promesa, a leading EV lithium-ion battery recycling operator based in Hettstedt, Germany.

Key Points: 
  • IRVING, Texas, July 26, 2021 /PRNewswire/ --Ecobat, the global leader in recycling batteries, announced today that it has acquired Promesa, a leading EV lithium-ion battery recycling operator based in Hettstedt, Germany.
  • Additionally, Promesa represents a critical part of the battery recycling process and value chain and will provide Ecobat with access to business-critical permits for 3,200 tons of chemical compounds.
  • These contracts cover a broad range of waste materials associated with a variety of battery chemistries from household to electric vehicle, positioning Ecobat for expansive growth opportunities.
  • The entire process is designed to handle battery and accumulator systems from the post-consumer, industrial and military sectors.

Battery Tech is Evolving from EV's to Electronic Devices to Space - Safety Concerns Drive Future Innovation

Retrieved on: 
Thursday, July 22, 2021

In a report on the global lithium battery market , Reportlinker said, "Safety concerns towards lithium-ion batteries is the major challenge faced by the lithium-ion batteries market.

Key Points: 
  • In a report on the global lithium battery market , Reportlinker said, "Safety concerns towards lithium-ion batteries is the major challenge faced by the lithium-ion batteries market.
  • KULR Technology Group Inc. (NYSE American: KULR), a leading developer of next-generation lithium-ion battery safety and thermal management technologies believes they have a solution.
  • From the news: The Company develops, manufactures and licenses next-generation carbon fiber thermal management technologies for batteries and electronic systems.
  • On June 30, 2021, KULR shared its breakthrough recycling and prototype battery transportation solutions with industry and government leaders at the 11th Annual Battery Safety Summit.

$9 Billion Electric Vehicle Battery Management System Markets - Global Forecast to 2026 - ResearchAndMarkets.com

Retrieved on: 
Tuesday, July 20, 2021

The "Electric Vehicle Battery Management System Market - Growth, Trends, COVID-19 impact, and Forecast (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Electric Vehicle Battery Management System Market - Growth, Trends, COVID-19 impact, and Forecast (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.
  • Factors such as rise in adoption of electric vehicles (EVs) and hybrid electric vehicles (HEVs), and surge in industry preference for use of lithium-ion batteries drives growth of the battery management system market.
  • Thus, based on the aforementioned factors, growing investments in electric vehicle manufacturing, and the government's EV supporting policies around the world are likely to drive the electric vehicle battery management system market over the forecast period.
  • The Electric Vehicle Battery Management System Market is moderately concentrated as it is dominated by several global players.