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 lithium-ion battery holds a strong position in future e-mobility there is still a lot more potential in the existing technology and also in new battery chemistries which needs to be unlocked. This can only be done through extensive research by various research institutions.
GM has said the Ultium battery will likely have cells priced below the $100 per kilowatt-hour mark due to a reduced reliance on cobalt. Tesla will launch their “million-mile” battery in China first aiming to break the 100$/kWh barrier. China’s SVOLT launches cobalt-free car batteries; expected in 2021
In the 2nd webinar dedicated to Electrification, we will explore
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