The growth of the lithium-ion batteries market is mainly driven due to the presence of high energy density features in lithium-ion batteries. Safety concerns towards lithium-ion batteries is the major challenge faced by the lithium-ion batteries market. Declining lithium-ion battery prices boosts the sales of lithium-ion batteries. Change in materials technology, manufacturing processes, overhead costs, and huge investments in lithium-ion battery industry contributed to the reduction in lithium-ion battery prices. Lithium-Ion Batteries Market Characteristics3.

Source: The North Africa Journal July 13, 2022 09:55 UTC