Lithium Ion Battery Market Is Highly Consolidated in Nature
Lithium-ion batteries are rechargeable batteries that have high energy density and are used extensively in portable equipment. The global lithium ion battery market is driven by the growing penetration of smartphones, tablets, PCs, power tools, and digital cameras. The demand for Li-ion batteries is also witnessing an increase from the flourishing automobile industry. The demand for electric vehicles is increasing and with it, the demand for lithium ion batteries. The popularity of these batteries is increasing among automobile manufacturers as...
View full press release