A Taiwan Cement Corp (TCC, 台灣水泥) subsidiary yesterday broke ground for an advanced lithium battery plant in Kaohsiung’s Siaogang District (小港) at the former site of the cement maker’s paper mill.
Molie Quantum Energy Corp (三元能源科技) has planned to initially invest NT$12 billion (US$430.5 million) in the facility, which is to begin operations in 2023.
The facility is to have enough annual output to supply the long-range batteries needed for 24,000 electric vehicles or 1.8 gigawatt-hours (GWh) of battery capacity.
It would use nickel, cobalt and manganese to make “ternary” batteries, and use lithium to make the anode material of the batteries,
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Power Tool Battery Market Eyeing Phenomenal Growth at a healthy CAGR of 8 52% | Market Research Future (MRFR) padovanews.it - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from padovanews.it Daily Mail and Mail on Sunday newspapers.
Power Tool Battery Market Analysis
Market Research Future (MRFR) expects the
global power tool battery market to grow at 8.52% CAGR from 2020 to 2027 (forecast period).
Power Tool Batteries are rechargeable batteries that are used in a range of power tools such as bandsaws, drills, crimpers, and others. These batteries help to supplement the power tools to decrease electric trips, shock hazards and provide high efficiency to operate. There are three main types of batteries used in power tools: lithium-ion batteries, nickel-cadmium batteries, and nickel-metal hydride batteries. The strengths of lithium-ion batteries for power tools include ease of use, longer run times, flexible charging, and the battery will not discharge if stored for an extended period of time.