Lithium Ion Battery Production Expected To Significantly Increase In 2016

  • Monday, 01 February 2016 03:06

Japanese producers are betting on an expected surge in demand for electric cars by accelerating production of Li-ion battery materials.

Li-ion batteries might be the quietest big automotive trend creeping up in 2016. Demand for electric cars has steadily increased, culminating in a Li-on battery market expected to reach US$10 billion, up 50 percent from 2014.

The expected increase in production has seen global heavyweights such as Nissan embarking on US$27.67 billion Li-on battery projects, Sumitomo Osaka Cement planning to double the capacity of their plant in Vietnam and Central Glass is enhancing their facilities in a bid to mass produce battery materials in China ahead of schedule.

The stringent safety requirement for Li-on batteries provides an elevated playing field for Japanese firms who have an inherent technological edge.

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  • Last modified on Tuesday, 02 February 2016 02:01
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