Lithium-Ion Batteries are Mostly Powered by China
By Anshula Mandaokar , 20 March, 2023
Lithium-ion batteries have come under crucial examination once again after a string of fires are caused by batteries of electric bicycles and scooters. These batteries are used in everyday products such as phones, laptops and cameras are considered to e safe as long as they are properly manufactures; not tampered or mistreated; and do not have any defects. On the other hand , the batteries used in smartphones and other devices are comparatively smaller and less often subjected to extreme forces. Again, lithium-ion batteries used in e-bikes and e-scooters are much larger and more prone to damages.
Quality control with safety standards is another problem. in recent times, the price for scooters went dramatically up, such as in places like New York for deliveries, as said by vice president and executive director of Underwriters Laboratory’s Fire Safety Research Institute, Steve Kerber said.
He even recommended to buy certified scooters and e-bikes from reputed brands and retailers in order to not have any issues while getting quality manufactures.
The threat over the head is from the unregulated huge market for battery packs posing a challenge to regulators and consumers. According to the reports, the United States imports hundreds of millions of lithium-ion battery each year with the increasing volume. As per the data, China has been accounted for the vast majority of U.S. battery imports last year with a total trade value of $9.3 billion. Japan and South Korea are also popular sources with batteries $1.3 billion and $1.0 billion imported to the United States in 2022. Therefore, the total import value of lithium-ion batteries is nearly tripled since 2020 reaching $13.9 billion last year.
Uses of Lithium-ion Batteries in the world, 2015-2030
Latest News
Globally, the nations are facing downward momentum in their economic activities. The financial condition of advanced economies is declining rapidly in 2024. Surveys suggest that advanced economies are facing economic challenges due to various…
The growing clean energy transition process is forcing companies to make significant decisions regarding the storage of clean energy. Germany's energy market surges in power with necessary steps towards uplifting clean energy. The increasing…
Fast moving consumer goods (FMCG) are the important goods that consumers use in their daily activities. These products are otherwise known as consumer-packaged goods, thus, they include a range of products, such as food and beverages, healthcare…
The energy sector will go through dynamic changes in 2024. This is due to the rapid growth of the clean energy transition in the energy sector. Hence, renewables like wind and solar energy are gaining momentum in the market. However, fossil fuels…
The global economy faces new challenges in 2024 that economically represent both positive and negative aspects. According to survey data, the global economy will stabilize for the first time in three years. The world economy will experience economic…
Team Lead - Research