Lithium-ion batteries are ubiquitous in consumer electronics, but huge markets are on the horizon in the form of stationary battery systems and electric vehicles. While Asian players look to consolidate their dominant position, Europe and the US are investing in their production capacities and supply chains to try and capture a portion of this growing market. Alongside this, Li-ion technology continues to develop, from cathode choices to cell design to battery management software, in order to improve performance characteristics such as energy density, cycle life, and safety, among many others.
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