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Navigant ranks LG Chem and Samsung SDI as top Li-ion grid storage manufacturers

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According to a new Leaderboard report from Navigant Research, LG Chem and Samsung SDI lead the Li-ion grid storage market in terms of strategy and execution. Navigant Research expects the Li-ion stationary storage market to grow from $775.4 Source: Navigant Research. Click to enlarge. million in 2015 to more than $15.8

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UH, Toyota researchers develop new cathode and electrolyte for high-power Mg battery rivaling Li-ion

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Magnesium batteries have long been considered a potentially safer and less expensive alternative to lithium-ion batteries, but previous versions have been severely limited in the power they delivered. Magnesium ions hold twice the charge of lithium, while having a similar ionic radius. —Dong et al. Tutusaus, O.,

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Navigant expects global market for automotive Li-ion batteries to hit $30.6 billion in 2024; almost 4x 2015 market

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In a new report, Navigant Research forecasts the global market for Li-ion batteries in light duty and medium/heavy duty vehicles will almost quadruple from $7.8 Overall, Navigant expects the Li-ion battery capacity serving the automotive market (including light and heavy duty vehicles) to grow from about 15.9

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Li-ion maker Electrovaya acquires Evonik Litarion and licenses SEPARION IP

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Canada-based Li-ion developer and manufacturer Electrovaya Inc. The transaction includes an advanced and automated production plant for lithium-ion electrodes and ceramic composite separators, with a rated capacity of 0.5 Regulations are becoming more stringent in Japan, Europe and North America.

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Pike Research forecasts annual sales of electric bicycles to surpass 47M units by 2018; Li-ion battery share to climb to 12%

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E-bicycle sales volumes are being driven by macroeconomic trends such as the growth of urbanization and the increasing need for low-cost transportation in developing markets. By utilizing SLA batteries, the cost of e-bicycles in China averages about $167 (compared to $815 in North America and $1,546 in Western Europe).

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Li-ion startup Cadenza Innovation raises $5+M in oversubscribed Series A; ex Boston Power team

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Cadenza Innovation , a Li-ion battery startup founded in 2012 by Dr. Christina Lampe-Onnerud, former CEO and founder of Boston Power ( earlier post ), has raised more than $5 million in growth capital. Non-expanding cells and no cascading result in space effective and low cost module designs.

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Hercules EV opens $20M Series A round; targeting electric pickup in late 2022; Prieto solid-state batteries

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Hercules recently completed an agreement with Prieto Battery ( earlier post )—developer of a 3D solid-state Li-ion rechargeable battery—to co-develop and commercialize solid-state batteries for production in North America. How Prieto 3D batteries work. Source: Prieto.

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