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The U.S. battery industry is poised to grow rapidly over the coming years, as new demand for electric vehicles paired with billions of dollars earmarked for the production of advanced battery technology by the Department of Energy. New battery technology has played a significant role in promoting this expansion. While Tesla, Inc. is a well-publicized example, there are several other top battery manufacturers leading innovation and growth within the industry.
...(Full Article)
The battery industry is all charged up, although prices are down currently in response to low lead and metal prices. However, the industry is expected to grow as domestic automobile manufacturers escalate their demands, the rechargeable battery sector expands, and new battery technology helps drive the sector forward.
New battery technology driving industry growth
Technological advances are playing into industry strengths: the demand for electric vehicle (EV) batteries is exploding as both domestic and foreign car builders signal their transition away from fossil fuels.
Tesla's Elon Musk is underscoring his commitment to solar energy stored in long-life batteries and his "Gigafactory," a 4.9 million-square-foot-battery production facility located in Nevada, is already producing mo...(Full Article)
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