Firms race to develop less costly batteries for electric vehicles

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.

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