Stock Analysis

Lithium ion batteries continue to gain phenomenal traction in the automotive sector – need for alternate energy sources to reinforce the trend

In an era where clean energy is continually being propagated, lithium ion battery industry has been gaining exceptional prominence, given that the product is extensively used in phones, computers, cordless power tools, battery operated vehicles, and more. The popularity of this business space has been validated through a recent instance, when smart battery systems firm Forsee Power introduced its next-generation extra-thin lithium-ion batteries in January 2021. Dubbed Slim, the new batteries represent the thinnest modular range worldwide, and are also equipped with a liquid cooling system.

lithium ion battery market

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