lithiumion

China has stronghold on the lithium-ion battery supply chain as EV demand soars

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China has a stronghold on the lithium-ion battery supply chain, according to a new market report.  Along with 72GWh of electricity storage demand, China also retains an estimated 80 per cent of the world’s raw material refining, 77 per cent of cell capacity and 60 per cent of component manufacturing. The study claimed the US … Read more

Japan welcomes its first lithium-ion battery powered submarine into service

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Japan welcomes its first submarine powered by lithium-ion batteries into service that provides longer endurance at speeds up to 20 knots while submerged Ouryu is Japan’s first lithium-ion battery powered submarine The vessel was welcome into service last week, but first launched in 2018 It hit speeds of 20 knots while submerged and 13 knots on the … Read more