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5 EV battery startups poised to challenge Panasonic and LG Chem for dominance of a $129 billion market

Posted On: Feb 25, 2021   |   Posted By: Business Insider

5 EV battery startups poised to challenge Panasonic and LG Chem for dominance of a $129 billion market

Summary List Placement With the world racing to implement clean energy solutions to reduce carbon emissions and avert a climate catastrophe, electric mobility is poised to expand substantially in the coming years, and push electric vehicles from novel to normal.
Urged on by regulators, automakers are preparing to launch dozens of new EV models in the coming years, and are teaming up with established battery manufacturers and startups to make them real. And while the rise of the EV has been slower than many expected, a recent Consumer Reports survey found that 71% of respondents expressed interest in ditching the pump for the plug.
This coming shift has forced the attention of venture capitalists and automakers to the heart of the electric vehicle: the battery. Benchmark Mineral Intelligence compares today's lithium-ion battery to "what the oil barrel was to the 20th Century - the linchpin holding together these energy megatrends."

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