In 2018, ⅔ of all lithium-ion batteries were produced for automotive, yet only 1% of new vehicles sold were electric. As electric vehicles reach mass adoption, the battery market will experience explosive growth.
1 Consumers want to recharge their electric vehicle the same way they would fill up at a gas station – quickly. 2 Manufacturers require long, reliable service life to provide warranties. 3 Today, fast charging a lithium-ion battery reduces its service life.