“The battery race will be decided in the next decade” Wolf-Henning Scheider, Robert Bosch- President of Gasoline Systems
“European and Asian suppliers will fight a head-to-head battle in lithium-ion technology” Karl-Thomas Neumann, CEO- Continental
Heavy words are being used as the competition to effectively manufacture lithium ion batteries, especially for automobiles, continues to heat up. And not without reason. It is expected that the market for lithium ion batteries will swell to around a $10 billion a year industry by 2010, and continue to grow at a rate of 10% a year after that. The executives quoted above are from latecomers to the battery race, and are working desperately to catch up to lithium ion battery leaders such as South Korea’s LG Chem.
A great read on Automotive News Europe recently highlighted the current status of the race for supremacy in the industry, and this obviously hits home in the United States as well with so much currently being put into the development of better batteries. With so much at stake, as well as endless opportunities available for lithium ion battery manufacturers, you can expect that the heavy words from industry leaders will only continue.
Category: Battery News