The Global Market for #LithiumIon #Batteries for #Vehicles is Expected to Total $221 Billion from 2015 to 2024, According to Navigant Research

Global automotive manufacturers continue to push forward vehicles that utilize electric drivetrains, including battery electric vehicles (#BEVs), plug-in hybrid electric vehicles (#PHEVs), and hybrid electric vehicles (#HEVs). With this push comes an increased need for onboard #Energy storage, and #LithiumIon #Battery chemistries are becoming the storage method of choice for many automakers.

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