Increasing Demand for Electric & Hybrid Vehicles to Drive the Smart Electric Drive Market
OEMs and battery manufacturers are working towards development of high energy density battery to deliver more distance coverage on a single charge. Lithium-ion batteries are the most widely used battery technology in electric, hybrid, and plug-in hybrid electric vehicles for their features like low self-discharge, good high temperature efficiency, high energy performance, and high power-to-weight ratio compared with other battery technologies such as lead acid and Nickel-Metal Hybrid. Since the automotive industry is moving towards electric and hybrid vehicles, the battery market is booming.
★
★
★
★
★
87 views • 8 slides
