Report Code: A13874 | Pages: NA | ||
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In a lithium-based battery, the lithium ions move from the negative electrode through an electrolyte to the positive electrode during discharge, and back when charging. Li-ion batteries use an intercalated lithium compound as the material at the positive electrode and typically graphite at the negative electrode. These batteries have a high energy density, no memory effect, and low self-discharge. Moreover, lithium-ion batteries have high energy than lead-acid batteries, so it is possible to make the battery smaller and lighter than others while retaining the same storage capacity. The automotive lithium-ion battery has emerged as an eco-friendly, rechargeable power source as compared to conventional batteries such as lead-acid and nickel-metal hydride batteries. Lithium-ion batteries are used in the electric vehicle because of their high energy density compared to their weight. Since the modern lithium-ion batteries are small so original equipment manufacturers can use multiple numbers of batteries inside the vehicle and increase the battery capacity.
COVID-19 Impact Analysis
Top Impacting Factors
Stringent government regulations regarding fuel emissions, high demand for electric vehicles, R&D for efficient batteries are expected to drive the growth of the market.
However, the lack of charging stations and safety concerns regarding batteries can impact market growth.
Moreover, government subsidies & benefits for the adoption of electric vehicles, low price & low weight, and rise in disposable income of consumers will promote the sale of vehicles which also boost market expansion.
Market Trends
Government subsidies & benefits for the adoption of electric vehicles
Key Benefits of the Report
Questions Answered in the Report
Automotive Lithium based Battery Market Report Highlights
Aspects | Details |
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By Vehicle Type |
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By Engine Type |
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By Vehicle Technology |
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By Battery Type |
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By Structural Design |
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By Sales Channel |
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By Region |
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Key Market Players | Hitachi Ltd, Panasonic Corporation, Johnson Controls, BYD Company Ltd, NEC Energy Solutions, SB LiMotive, Contemporary Amperex Technology, LG Chem Ltd., GS Yuasa Lithium Power, Toshiba Corporation |
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