The lithium-ion battery technology, introduced in 1991, has since become the only choice and a standard to power electric cars and smartphones. Many industries are joining the trend to utilize rechargeable battery technology for the purpose of building self-sufficient devices. Over 3 million electric cars around the world are powered by lithium-ion batteries. And more than 36 percent of the world’s population (about 2.1 billion people) depends on lithium-ion batteries to enjoy digital lives.
However, lithium-ion battery technology development has maintained a very slow pace since introduced; many promises of a big leap are either smokescreens or taking too long to happen. This has grossly slowed down the world’s race to an electric future.
Considering the challenges in the use of rechargeable batteries; weight, size and charging, many battery startups are focused on improving the energy density while still making lithium-ion batteries affordable. This quest has led to a completely different paradigm; efficient lithium battery must be lighter, last longer on a single charge and be cheaper.
Fortunately, many startups are coming up with supercharging technology for better performance aside from investing more into building better batteries with improved energy densities and lower costs. Most recent electric cars can travel longer distances and also charge more quickly at supercharger stations. Tesla’s new supercharger stations can add up to 75 miles of range in 5 minutes. That’s not enough, though.
The concept of lithium-ion battery technology
Existing lithium-ion batteries are limited in their physical energy density and material parts, which the new technology seeks to improve. The new lithium-ion batteries are to be more efficient and safer by having no risk of fire if the batteries damage or overheats.
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