Li-ion battery demand to surge

By Mark Watts
Published: Thursday, 03 December 2009

Market expected to hit $8,000m. by 2015 driven by electric vehicles demand

The market for lithium-ion batteries in transportation has been forecast to increase to $8,000m. in annual sales by 2015 from about $878m. in 2010, driven by the growth of plug-in hybrid and all-electric vehicles, according to a new report.

 

These vehicles contain much larger battery packs than conventional...

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