![]() ![]() Many are difficult to source, and OEMs and manufacturers are now moving to secure supplies, for example, by acquiring mining companies. The materials used in batteries account for 60-70% of total cell costs. Supplies of raw materials is a key priority, while announced overcapacity in cell production is likely to become a major problem. As more and more players enter the market, securing ![]() Rising volumes mean production is coming under increasing environmental scrutiny, with the European Union (EU), for example, tightening regulation on recycling targets and CO2 emissions. Increasing sales of EVs and demand for ever-more powerful batteries the main drivers behind it. The market for LiBs is growing fast, with sustainability, availability of raw materials, Stuttgart Office, Central Europe Overarching market view Each step in the process is covered, with chapters on materials, production, performance, usage and second use, as well as one offering an overarching market view. While the first edition of the Battery Monitor looked mainly at battery cell production, this second edition focuses on every lifecycle phase of the battery. The global push for sustainability adds to its complexity.īattery Monitor 2022 aims to assess the state of this value chain and its future direction. This has resulted in a huge and highly competitive value chain stretching from the mining of raw materials to recycling. The introduction of electric vehicles (EVs) and the requirement for power storage has seen production skyrocket, with LiB capacities expected to grow to five terawatt hours by the end of the decade, with further expansions planned and new projects being announced nearly daily. Lithium-ion batteries (LiBs) are a key factor in the decarbonization of transportation and the transition to renewable energy. ![]() The days when batteries were simply useful portable power sources are long gone. ![]()
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