The impact of the pandemic is reshaping the market dynamics of Mobility Battery Energy Storage. In Q3 2020 we expect China to make a V-shaped recovery from the COVID pandemic and continue its road to battery dominance. At the same time, Europe is spending billions in order to build its own battery hub and reduce reliance on Asian suppliers. Korean battery makers could benefit strongly from the growing European EV market.
Electrified mobility is largely dominated by Lithium-ion battery technology because of its affordability compared to other technologies and its benefits in energy density and capacity. Even though . . .
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