EV BATTERY MARKET GROWTH & CHALLENGES

GLOBAL LITHIUM-ION
BATTERY DEMAND, GWh

  • E-buses
  • Stationary storage
  • Electric two-wheelers
  • Commercial EVs
  • Consumer electronics
  • Passenger EVs
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Production of next-generation EV batteries is not on track to meet projected Automotive OEM demand due to challenges scaling current technologies. To enable a fully electrified future, new, scalable, low-cost solutions MUST be found.

EV Battery Challenges

The EV Battery Market Needs Safer, Higher Performance Solutions

While technological advances have been made over the years, large lithium-ion battery suppliers still are struggling to deliver fundamental innovations. These batteries continue to fall short when it comes to safety and performance, cost, and scale.

Safety

Today’s EV batteries are sensitive to elevated temperatures and physical stress, which can result in unsafe events. To solve this, new or enhanced chemistries are necessary. Safety and energy density enhancements are not possible with today’s current Li-ion cells.

Performance

With development of new cell chemistries, advanced polymers are needed which can enable high-voltage stability and provide compositionally distinct solutions to enhance performance of both the cathode and anodes. Incorporating Ionic’s unique polymers can reduce detrimental reactions in solid-state cells for long-term cycling.

Cost

The inherently unsafe nature of current batteries means EV manufacturers must add sizable and expensive mitigating systems to enable safe vehicles. This significantly drives up complexity and cost, and reduces range, making lower-cost, truly mass-market vehicles difficult to economically produce.

Scale

Today’s battery manufacturing processes are capital, space, and resource intensive. The numerous discrete steps and highly volatile processing solvents require heavy investment to make a battery. To meet the exponential growth predictions for EVs (Electric Vehicles) over the next 10 years, production must be simplified significantly.