BASF invests in batteries to take on Asian makers - lithium ion batteries for sale
According to Ralf Meixner, the German company intends to become one of the three major suppliers of battery and battery materials worldwide by 2020 and generate $0. 609 billion in sales, senior vice president of battery materials at BASF.
In order to strengthen its position, BASF has set up a new unit for its battery activities and purchased the Novolyte technology, which is lithium-ion batteries.
It also bought the market leader for nickel.
Battery, battery and USA-
Based on Sion Power, a battery developer.
Japan currently holds nearly 80% of the world's lithium reserves. ion-
The battery market of Stella Chemifa, Asahi Kasei and Tanaka Chemical is considered to be the largest manufacturer of battery components in the world.
Meanwhile, Chinese and Korean players are catching up.
But BASF expects the situation to change soon.
"In Japan, we expect the merger of the company to be medium term
Larger companies will disappear.
Analysts agree that as the battery industry moves into new territory, the battery market will change over the next few years-making batteries for hybrid cars, which is completely different from making batteries for mobile phones and cameras.
A typical selection for running the hyperlink motor products are commonly a LiFePO4 battery bunch (Lithium-Iron-Phosphate).
E-bikes are becoming popular being an environmentally friendly and also wholesome means of almost sweat-free carry.
Lithium Iron Phosphate (LiFePO4) Batteries that are launched providing 96.
Maybe the most important part.
Acid batteries are developing new battery types to boost fuel growthEfficient, stop
Start technology
The car engine turns off when the vehicle is not moving, but when the driver steps down the throttle, the engine starts automatically.