North Africa Lithium-Ion Battery Market Trends

North Africa Lithium-Ion Battery Industry Trends

Many battery manufacturers have ventured into the development of newer battery technologies. These new technologies offer a wide range of advantages over the traditional batteries, driving their demand across the power generation and automotive sector. The average energy density of lithium-ion battery technology is (100-265 Wh/kg or 250/670 Wh/L), which has significantly increased the technology penetration. Furthermore, electric vehicles have witnessed a significant surge in the past few years owing to the ambitious targets set toward lowering the vehicles’ cost. Supportive policies and increasing investment toward EV manufacturing have contributed toward reducing the consumer barriers across the region, which is set to bolster the demand for lithium-ion batteries.