American and European companies are racing to develop new batteries for electric vehicles using two readily available and less costly materials: sodium and sulfur.
The new batteries could help bring more electric vehicles, or EVs, to the market and reduce China’s lead in battery production.
Today’s EVs run on lithium-ion batteries which cost about $10,000 to $12,000 to make. They are mostly made with lithium, cobalt, manganese and nickel. And the materials have increased in price during the last two years.
AMTE Power plc (LON:AMTE) is a recognised brand in the production of high-quality lithium-ion batteries across a range of markets including automotive, aerospace, defence, oil & gas and energy storage.