Lithium-Ion Battery Recycling Market to Exceed 23.72 Billion USD by 2030
The rising demand for electric vehicles to control increasing pollution has spurred the consumption of lithium-ion batteries. Lithium-ion batteries have a lower rate of self-discharge than other rechargeable cells such as Ni-Cad and NiMH. These offer high energy and power density, and are thus used in various applications, from cellular phones, industrial equipment, to electric-drive vehicles.
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