Auto industry’s use of lithium-ion batteries to grow seven-fold by 2025

The use of lithium-ion batteries by automakers is expected to grow seven-fold by 2025, helped mainly by their dropping costs as well as by subsidies and incentives in many countries, particularly in China, to encourage sales of electric vehicles (EVs).

According to Will Adams, Metal Bulletin’s Head of Research for the battery materials, base metals and precious metals markets, the demand for lithium-ion batteries will soar to 650 GWh by 2025, from only 70 GWh last year.

European Metals Holdings Limited (LON:EMH) explores and develops mineral properties. It holds 100% interest in the Cinovec lithium-tin project in the Czech Republic. The company was formerly known as Equamineral Holdings Limited and changed its name to European Metals Holdings Limited in February 2014. European Metals Holdings Limited is based in West Perth, Australia.

Click to view all articles for the EPIC:
Or click to view the full company profile:
    Facebook
    Twitter
    LinkedIn
    European Metals Holdings Ltd

    More articles like this

    European Metals Holdings Ltd

    Lithium-ion batteries rising as new pillar of Korea’s exports

    Amid concerns about an anticipated slowdown in South Korea’s semiconductor exports this year, lithium-ion batteries for electric vehicles are emerging as a new pillar that will prop up the export-driven economy, said industry officials Monday. According

    European Metals Holdings Ltd

    Lithium-ion battery usage on the rise

    The demand for lithium-ion batteries continues to increase, driven by the growth in hybrid and electric vehicle (xEV) production and the use of lithium-ion batteries in energy storage systems (ESS), according to a report by metals,

    European Metals Holdings Ltd

    Premier Inn unveils UK’s first battery powered hotel

    The UK’s first battery-powered hotel is now operational in Scotland. The Gyle Premier Inn in Edinburgh is trialling a new 100kW lithium-ion battery supplied and installed by E.ON at its 200-room site in a bid to

    European Metals Holdings Ltd

    Electric vehicle manufacturing in China drives metal demand

    As the world’s largest country by population and second-largest economy, China is embarking on a dedicated effort to become a leader in the emerging electric vehicle market. Hundreds of manufacturing firms in China seek to take

    European Metals Holdings Ltd

    Big on batteries: government finally seizes on lithium-ion potential

    The federal government wants to seize a “once-in-a-generation opportunity” to position Australia as a world leader in the rapidly developing lithium-ion battery manufacturing sector. Releasing a new strategy document from Austrade on Tuesday, the investment minister,

    European Metals Holdings Ltd

    What really powers your smartphone and electric car

    The rechargeable lithium-ion battery helps define our era. It powers our smartphones and electric cars, and promises a future where we’re better able to store renewable energy. It also requires lithium and cobalt, minerals that some of the

    European Metals Holdings Ltd

    Companies line up plans for lithium-ion batteries production

    Over a dozen companies ranging from auto component manufacturers to power and energy solutions providers including ExideNSE -0.97 %, Exicom, Amaron, Greenfuel Energy Solutions, Trontek, Coslight India, Napino Auto & Electronics, Amara Raja BatteriesNSE -0.84 %,

    European Metals Holdings Ltd

    China: EVs to boost lithium-ion battery market

    It is anticipated that the Chinese lithium-ion battery market size will increase at a positive double digit CAGR during the period 2017-2022. The demand for lithium-ion batteries in China is expected to grow at a rapid