Lithium-ion battery market at your city

Lithium-ion battery business opportunities include battery pack assembly for EVs and energy storage systems, specialized battery manufacturing for niches like medical or defense, lithium battery recycling plants, and supply chain roles such as distribution and sales. Assemble individual cells into customized packs for electric vehicles, industrial use, and consumer electronics.

Focus on developing and producing batteries for niche markets such as defense equipment, medical devices, or specialized industrial applications.

2023 will see 448,000 new electric vehicles hitting UK roads

By the end of 2022, more than 1.1 million electric cars had been registered in the UK in the ‘modern’ EV era (since 2010), taking 12 years to reach that figure. The SMMT forecasts that the next 1.1 million will be registered in the next two years, with more than 2.2 million expected to be on the road by the end of 2024. This year should see a major increase in the volume of electric cars hitting dealer and independent forecourts in the UK thanks to the enormous annual growth in new EV registrations back in 2020, when the market grew by over 140% with more than 175,000 registered. The Tesla Model 3 was supplied in particularly large volumes, so we can expect to see a significant number in the wholesale and retail markets over the coming months.

“The Government’s announcement of an EV Infrastructure Strategy to ensure the UK is ‘EV-fit’ by 2030 is a step in the right direction. Access to reliable charging infrastructure, both at-home and across the road network, is a key barrier to EV adoption, as identified by major global business members of our EV100 initiative this week.

The good thing about charging infrastructure is that it doesn’t take a long time to build and install it. Roadside charging stations can be planned and built in a matter of weeks or a few months, while a charging station at home or work takes even less time than that to plan and install.