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IDTechEX: solid-state battery market will grow to $8B by 2031

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A new report from IDTechEX forecasts the solid-state battery market will grow to $8 billion by 2031. The car plug-in market will take the largest share (66%) in 2031, followed by smartphone applications. Lithium-ion battery manufacturing has been dominated by East Asia, with Japan, China, and South Korea playing a significant role.

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GlobalData: growing global electric vehicle market will more than double lithium demand over the next 5 years

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According to GlobalData, the global EV market is expected to grow at a substantial CAGR of 15.6% The company projects that China will lead the global EV market with more than 50% share and grow three times as fast as the US over the next five years. In 2017, 1.1 —Vinneth Bajaj, Senior Mining Analyst at GlobalData.

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Daimler brings truck platooning testing to Japan

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After testing truck platooning in Europe ( earlier post ) and the US ( earlier post ), Daimler Trucks has begun testing platooning in Japan with its FUSO brand. Japan is a key market for us that is on the lookout and promotes new technologies. FUSO trucks in platoon. Click to enlarge.

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Japan-US DRIVETHEARC EV fast charging corridor breaks ground in Northern California; 50 fast chargers by March 2017

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The project to collect and analyze data will be completed in September 2020, while installation of the 50 fast chargers along the corridor is expected to be completed by March 2017. Nissan has played a leading role in growing the number of EV fast charging stations in the US from 250 stations in 2013, to an anticipated 2,000 stations by 2017.

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ofo and SoftBank enter basic agreement to collaborate on bike-sharing in Japan

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reached a basic agreement to collaborate on the deployment of ofo’s global bike-sharing business in Japan. ofo and SoftBank C&S plan to enter an exclusive partnership for a large-scale deployment, with SoftBank C&S serving as strategic partner of ofo's bike-sharing services in Japan. Launching in Japan is a huge milestone for ofo.

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Fukushima Hydrogen Energy Research Field (FH2R) completed in Japan; aiming for low-cost green hydrogen production; P2G

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Japan’s Ministry of Economy, Trade and Industry promotes the adoption of hydrogen in its Basic Hydrogen Strategy published in December 2017, which also targets power-to-gas (P2G) technology for the storage and use of hydrogen-based energy that can be stored in large quantities for long periods of time as output increases.

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CCM forecasts 5-fold growth in China Li-ion market by 2017 to meet EV demand

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Growing demand for electric vehicles (EVs) in China is triggering an explosion of investment in the lithium-ion battery industry, with China’s production of power lithium-ion batteries set to jump 400% by 2017, according to market research firm CCM.

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