Solid-state car battery employs solid electrolytes and solid electrodes, rather than using the polymer or liquid electrolytes that are found in lithium polymer or lithium-ion batteries. These batteries have a higher energy density, lower flammability, and higher electrochemical stability which is increasing their commercial market value. This technology is considered to be an alternative to the Li-ion battery technology. These batteries find their usage in radio-frequency identification (RFID), pacemakers, and wearable devices.
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On the basis of geography, Asia Pacific region is anticipated to have considerable market growth during the forecast period, owing to the current and upcoming EV policies, sturdy government support for the espousal of electric passenger vehicles in the region, discouraging the use of petrol, and top OEMs such as Toyota, Nissan, and Mitsubishi.
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Some of the key players in Solid-State Car Battery Market include Renault Group, Quantumscape, Volkswagen Ag, Kia Motors, Toyota Motor Corporation, Mitsubishi Motors, Panasonic, Hyundai Group, LG Chem, Robert Bosch, Northvolt, General Motors, Samsung SDI, Ford Motor Company, Brightvolt, Prieto Battery, Ioniq Materials, and Stellantis N.V.
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