The global dual carbon battery market is anticipated to grow at a CAGR of 7.0% during the forecast period (2024-2031). Globally, the demand for dual-carbon batteries has increased significantly in recent years owing to pivotal factors such as the growth of the energy and electric Vehicle (EV) industry among others. This has pushed market players to increasingly focus on technological advancements, improving manufacturing capabilities, leading to increased collaboration, and investments in the dual carbon battery market. For instance, in April 2023, Renault Group, and Verkor, a European provider of low-carbon batteries, established a long-term commercial partnership to provide batteries for electric vehicles. Under this agreement, Verkor will annually supply Renault Group with approximately 12 gigawatt-hours (GWh) of batteries, which will be utilized in the high-end segments of Renault Group's brands. The batteries assigned for Renault Group will be manufactured at the Verkor Gigafactory located in Dunkirk, France. Additionally, in October 2022, Dassault Systèmes signed a Memorandum of Understanding (MoU) in collaboration with Verkor. According to the company, this agreement is aimed at technological advancements in lithium-ion batteries and the establishment of the gigafactory dedicated to their production.
Browse the full report description of “Dual Carbon Battery Market Size, Share & Trends Analysis Report by Type (Primary and Secondary), and by End-User Industry (Electronics and Semiconductor, Automotive, Energy, Healthcare, and Others), Forecast Period (2024-2031)” at https://www.omrglobal.com/industry-reports/dual-carbon-battery-market
In September 2023, Enevate and NantG Power announced a strategic partnership to manufacture an advanced battery, by leveraging the cathode and anode technologies developed by each company. Under this partnership, the focus is on commercializing and scaling up an innovative silicon-dominant battery technology for applications in transportation, mobility, and other sectors. Through this partnership and license agreement, Enevate and NantG Power intend to address the growing demands of the battery market. Their goal is to advance current battery technologies, primarily focusing on cost-effectiveness and sustainability as crucial priorities.
In November 2023, Gelion Plc, an Anglo-Australian battery manufacturer, signed a joint development agreement with Ionblox Inc., a battery technology company based in California. The collaboration aims to advance advanced lithium silicon sulfur (LiSiS) cells, specifically targeting applications in electric vertical take-off and landing (eVTOL) and the global EV market. Under the joint development agreement (JDA), Gelion will optimize the sulfur cathode by integrating Ionblox's intellectual property portfolio. Simultaneously, Ionblox will contribute its high-energy density pre-lithiated silicon oxide anode and design it for compatibility with Gelion's sulfur cathode. The collaborative efforts of the two companies will be centered in their respective research and development facilities located in Australia and the US to bring forward the development of LiSiS cells.
Market Coverage
• The market number available for – 2023-2031
• Base year- 2023
• Forecast period- 2024-2031
• Segment Covered-
o By Type
o By End-User Industry
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- The major companies in the global dual carbon battery market include 24M Technologies, Inc., BYD Company Limited, Duracell Inc., Tesla Inc., and LG Chem Ltd. among others.
Key questions addressed by the report.
Global Dual Carbon Battery Market Report Segment
By Type
By End-User Industry
Global Dual Carbon Battery Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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