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Yahoo
3 days ago
- Business
- Yahoo
Next-Generation Advanced Batteries Global Market Analysis Report 2025-2029: Transforming the Landscape with ESG Trends, Sodium's Abundance Sparks Growth
The global next-generation advanced batteries market will surge from $1.5 billion in 2024 to $5.3 billion by 2029, at a CAGR of 28.5%. Key battery types include sodium-ion, solid state, and flow batteries. The report covers market trends, technologies, and notable companies like CATL and LG Energy. Regions analyzed include North America, Europe, and Asia-Pacific. Next-Generation Advanced Batteries Market Dublin, June 10, 2025 (GLOBE NEWSWIRE) -- The "Next-Generation Advanced Batteries: Global Markets" report has been added to global market for next-generation advanced batteries is estimated to grow from $1.5 billion in 2024 to reach $5.3 billion by the end of 2029, at a compound annual growth rate (CAGR) of 28.5% from 2024 through 2029. The base year of this report is 2023, and the estimated year is 2024. Market values ($ million) are forecasted until the end of 2029. This report analyzes the global next-generation advanced batteries market and examines the end use of these batteries within various industries. It also includes emerging technologies and developments, upcoming trends, the competitive landscape, market dynamics, and a patent analysis of the market. The report further focuses on ESG developments and macro-economic factors. It concludes with profiles of the leading companies in the next-generation advanced batteries market. Sodium-ion batteries (SIBs), solid state batteries (SSBs), flow batteries, and other varieties (metal-air batteries, lithium-sulfur batteries, magnesium-ion batteries, smart nano batteries) are considered nextgeneration advanced batteries. The batteries are becoming an alternative to lithium ion batteries (LIBs) due to their high energy density and easy access to many raw materials. As sodium is the sixth most common element in the world, its use significantly lowers the supply chain risks and geopolitical concerns that come with lithium. During charging and discharging cycles, sodium ions move back and forth between the anode and the cathode, making these batteries work like LIBs.A flow battery is a rechargeable battery wherein the liquid electrolytes, stored separately, flow into the central cell, which reacts in the charging and discharging phases. These batteries are typically used for storing renewable sources of energy, notably solar and wind energy. SSBs enhance the overall performance of EVs, medical devices and battery-powered industrial systems by enabling high energy density, improved safety features, faster charging times and increased battery life compared with conventional battery Scope 33 data tables and 48 additional tables A review of the global market for next-generation advanced batteries Analyses of the global market trends, with sales data for 2023, 2024, estimates for 2025, forecasts for 2028, and projections of compound annual growth rates (CAGRs) through 2029 Evaluation and forecast of the global market for next-generation advanced batteries, and a corresponding market share analysis by type, end use industry and region A look at emerging technological trends, and the opportunities and gaps in current and future demand for next-generation advanced batteries Information on the latest developments in next-generation advanced batteries and new industry research and economic trends Coverage of evolving technologies, the current and future market potential, R&D activities, growth strategies, regulatory framework and reimbursement scenarios, and ESG trends of the market Analysis of the key companies' market shares and their proprietary technologies, strategic alliances, and patent portfolios Profiles of the companies, including Contemporary Amperex Technology Co. Ltd. (CATL), HiNa Battery Technology Co. Ltd., LG Energy Solution, QuantumScape Battery Inc., and Sumitomo Electric Industries Ltd. Key Attributes: Report Attribute Details No. of Pages 118 Forecast Period 2024 - 2029 Estimated Market Value (USD) in 2024 $1.5 Billion Forecasted Market Value (USD) by 2029 $5.3 Billion Compound Annual Growth Rate 28.5% Regions Covered Global Key Topics Covered: Chapter 1 Executive Summary Market Outlook Scope of Report Market Summary Market Dynamics and Growth Factors Future Trends and Development Segmental Analysis Regional Insights and Emerging Markets Conclusion Chapter 2 Market Overview Current Market Overview and Future Scenario Current Market Overview Future Scenario Value Chain Analysis Raw Materials Mining Cell Component Manufacturing Cell Manufacturing Battery Pack Manufacturing End User Battery Recycling and Disposal Porter's Five Forces Analysis Macroeconomic Factors Impact of the Russia-Ukraine War Falling Lithium-Ion Battery Prices Rising Global Sales of EVs Regulatory Framework and Initiatives by Governments The European Union The U.S. China India Chapter 3 Market Dynamics Overview Market Drivers Need for a Cost-Effective Alternative to Lithium-Ion Batteries Preference for Flow Batteries Over Conventional Batteries Increasing Demand for Solar Energy Facilitating Deployment Demand for Higher Battery Energy Density Market Restraints/Challenges Limited Cycle Life of Sodium-Ion Batteries Manufacturing Limitations for SSBs Market Opportunities Grid Modernization Development of Smart Cities, Smart Buildings and Smart Infrastructure Market Trends Demand for Long-Duration Battery Storage Technologies Sodium-Based SSB Research Chapter 4 Emerging Technologies and Developments Overview Key Emerging Technologies Iron Flow Batteries Iron-Chromium Redox Flow Batteries (RFBs) Nanotechnology-based Anode and Cathode Materials for SIBs Advanced Electrolytes Emerging Roles of AI and Machine Learning Thermal Management System (TMS) Bottom Electrodeposition Patent Analysis Overview Significant Patent Grants Key Findings Chapter 5 Market Segmentation Analysis Segmentation Breakdown Market Analysis by Battery Type Key Takeaways for Battery Type Sodium-Ion Battery (SIB) Flow Battery Solid-State Battery (SSB) Others Market Analysis by End Use Key Takeaways for End Use Mobility Power Consumer Electronics Others Geographic Breakdown Market Analysis by Region Key Takeaways for Region North America Europe Asia-Pacific Rest of the World (RoW) Chapter 6 Competitive Landscape Overview Market Ranking Analysis Competitive Analysis for Top 5 Companies in the Global Next-Generation Advanced Batteries Market CATL Sumitomo Electric Industries Ltd. LG Energy Solution Ltd. NGK Insulators Ltd. Invinity Energy Systems Key Developments Chapter 7 Sustainability in the Next-Generation Advanced Batteries Market: An ESG Perspective Introduction to ESG Environmental Impact Social Impact Governance Impact Current Status of ESG in the Market Consumer Attitudes Toward ESG Case Study: Examples of Successful Implementation of ESG LG Energy Solution Invinity Energy Systems Sumitomo Electric Industries Ltd. Concluding Remarks Chapter 8 AppendixCompanies Featured Blue Solutions SAS Contemporary Amperex Technology Co. Ltd. ESS Tech Inc. Faradion Hina Battery Technology Co. Ltd. Ilika Invinity Energy Systems LG Energy Solution Natron Energy Inc. NGK Insulators Ltd. Panasonic Energy Co. Ltd. Primus Power Solutions QuantumScape Battery Inc. SK On Co. Ltd. Sumitomo Electric Industries Ltd. For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Next-Generation Advanced Batteries Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
Yahoo
3 days ago
- Business
- Yahoo
Next-Generation Advanced Batteries Global Market Analysis Report 2025-2029: Transforming the Landscape with ESG Trends, Sodium's Abundance Sparks Growth
The global next-generation advanced batteries market will surge from $1.5 billion in 2024 to $5.3 billion by 2029, at a CAGR of 28.5%. Key battery types include sodium-ion, solid state, and flow batteries. The report covers market trends, technologies, and notable companies like CATL and LG Energy. Regions analyzed include North America, Europe, and Asia-Pacific. Next-Generation Advanced Batteries Market Dublin, June 10, 2025 (GLOBE NEWSWIRE) -- The "Next-Generation Advanced Batteries: Global Markets" report has been added to global market for next-generation advanced batteries is estimated to grow from $1.5 billion in 2024 to reach $5.3 billion by the end of 2029, at a compound annual growth rate (CAGR) of 28.5% from 2024 through 2029. The base year of this report is 2023, and the estimated year is 2024. Market values ($ million) are forecasted until the end of 2029. This report analyzes the global next-generation advanced batteries market and examines the end use of these batteries within various industries. It also includes emerging technologies and developments, upcoming trends, the competitive landscape, market dynamics, and a patent analysis of the market. The report further focuses on ESG developments and macro-economic factors. It concludes with profiles of the leading companies in the next-generation advanced batteries market. Sodium-ion batteries (SIBs), solid state batteries (SSBs), flow batteries, and other varieties (metal-air batteries, lithium-sulfur batteries, magnesium-ion batteries, smart nano batteries) are considered nextgeneration advanced batteries. The batteries are becoming an alternative to lithium ion batteries (LIBs) due to their high energy density and easy access to many raw materials. As sodium is the sixth most common element in the world, its use significantly lowers the supply chain risks and geopolitical concerns that come with lithium. During charging and discharging cycles, sodium ions move back and forth between the anode and the cathode, making these batteries work like LIBs.A flow battery is a rechargeable battery wherein the liquid electrolytes, stored separately, flow into the central cell, which reacts in the charging and discharging phases. These batteries are typically used for storing renewable sources of energy, notably solar and wind energy. SSBs enhance the overall performance of EVs, medical devices and battery-powered industrial systems by enabling high energy density, improved safety features, faster charging times and increased battery life compared with conventional battery Scope 33 data tables and 48 additional tables A review of the global market for next-generation advanced batteries Analyses of the global market trends, with sales data for 2023, 2024, estimates for 2025, forecasts for 2028, and projections of compound annual growth rates (CAGRs) through 2029 Evaluation and forecast of the global market for next-generation advanced batteries, and a corresponding market share analysis by type, end use industry and region A look at emerging technological trends, and the opportunities and gaps in current and future demand for next-generation advanced batteries Information on the latest developments in next-generation advanced batteries and new industry research and economic trends Coverage of evolving technologies, the current and future market potential, R&D activities, growth strategies, regulatory framework and reimbursement scenarios, and ESG trends of the market Analysis of the key companies' market shares and their proprietary technologies, strategic alliances, and patent portfolios Profiles of the companies, including Contemporary Amperex Technology Co. Ltd. (CATL), HiNa Battery Technology Co. Ltd., LG Energy Solution, QuantumScape Battery Inc., and Sumitomo Electric Industries Ltd. Key Attributes: Report Attribute Details No. of Pages 118 Forecast Period 2024 - 2029 Estimated Market Value (USD) in 2024 $1.5 Billion Forecasted Market Value (USD) by 2029 $5.3 Billion Compound Annual Growth Rate 28.5% Regions Covered Global Key Topics Covered: Chapter 1 Executive Summary Market Outlook Scope of Report Market Summary Market Dynamics and Growth Factors Future Trends and Development Segmental Analysis Regional Insights and Emerging Markets Conclusion Chapter 2 Market Overview Current Market Overview and Future Scenario Current Market Overview Future Scenario Value Chain Analysis Raw Materials Mining Cell Component Manufacturing Cell Manufacturing Battery Pack Manufacturing End User Battery Recycling and Disposal Porter's Five Forces Analysis Macroeconomic Factors Impact of the Russia-Ukraine War Falling Lithium-Ion Battery Prices Rising Global Sales of EVs Regulatory Framework and Initiatives by Governments The European Union The U.S. China India Chapter 3 Market Dynamics Overview Market Drivers Need for a Cost-Effective Alternative to Lithium-Ion Batteries Preference for Flow Batteries Over Conventional Batteries Increasing Demand for Solar Energy Facilitating Deployment Demand for Higher Battery Energy Density Market Restraints/Challenges Limited Cycle Life of Sodium-Ion Batteries Manufacturing Limitations for SSBs Market Opportunities Grid Modernization Development of Smart Cities, Smart Buildings and Smart Infrastructure Market Trends Demand for Long-Duration Battery Storage Technologies Sodium-Based SSB Research Chapter 4 Emerging Technologies and Developments Overview Key Emerging Technologies Iron Flow Batteries Iron-Chromium Redox Flow Batteries (RFBs) Nanotechnology-based Anode and Cathode Materials for SIBs Advanced Electrolytes Emerging Roles of AI and Machine Learning Thermal Management System (TMS) Bottom Electrodeposition Patent Analysis Overview Significant Patent Grants Key Findings Chapter 5 Market Segmentation Analysis Segmentation Breakdown Market Analysis by Battery Type Key Takeaways for Battery Type Sodium-Ion Battery (SIB) Flow Battery Solid-State Battery (SSB) Others Market Analysis by End Use Key Takeaways for End Use Mobility Power Consumer Electronics Others Geographic Breakdown Market Analysis by Region Key Takeaways for Region North America Europe Asia-Pacific Rest of the World (RoW) Chapter 6 Competitive Landscape Overview Market Ranking Analysis Competitive Analysis for Top 5 Companies in the Global Next-Generation Advanced Batteries Market CATL Sumitomo Electric Industries Ltd. LG Energy Solution Ltd. NGK Insulators Ltd. Invinity Energy Systems Key Developments Chapter 7 Sustainability in the Next-Generation Advanced Batteries Market: An ESG Perspective Introduction to ESG Environmental Impact Social Impact Governance Impact Current Status of ESG in the Market Consumer Attitudes Toward ESG Case Study: Examples of Successful Implementation of ESG LG Energy Solution Invinity Energy Systems Sumitomo Electric Industries Ltd. Concluding Remarks Chapter 8 AppendixCompanies Featured Blue Solutions SAS Contemporary Amperex Technology Co. Ltd. ESS Tech Inc. Faradion Hina Battery Technology Co. Ltd. Ilika Invinity Energy Systems LG Energy Solution Natron Energy Inc. NGK Insulators Ltd. Panasonic Energy Co. Ltd. Primus Power Solutions QuantumScape Battery Inc. SK On Co. Ltd. Sumitomo Electric Industries Ltd. For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Next-Generation Advanced Batteries Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
Yahoo
28-05-2025
- Automotive
- Yahoo
GM, LG Energy target commercializing manganese-rich batteries for EVs
This story was originally published on Automotive Dive. To receive daily news and insights, subscribe to our free daily Automotive Dive newsletter. Battery engineers at General Motors and its joint venture partner LG Energy Solution have developed an improved lithium manganese-rich (LMR) prismatic battery cell design for the company's future electric vehicles, the automaker announced in a May 13 press release. The LRM battery chemistry uses a higher percentage of lower-cost manganese to replace Cobalt, a critical raw material for EV batteries, making them less costly to produce while still delivering high energy density. GM aims to be the first major automaker to deploy LMR batteries in EVs. Its Ultium Cells joint venture with LG Energy plans to start commercial production of the battery cells in the U.S. by 2028 for full-size electric trucks and SUVs. GM's current EV models use nickel manganese cobalt aluminum oxide (NMCA) batteries, which contributes to improving driving range, but are costlier manufacture. LRM battery chemistry, on the other hand, can help GM make its future EVs more affordable. A high nickel battery cell typically consists of roughly 85% nickel, 10% manganese and 5% cobalt, according to GM. But LMR cells contain around 35% nickel, 65% manganese, and 'virtually no cobalt,' which can significantly reduce costs. In addition, GM says its LMR prismatic battery cell design has 33% higher energy density compared to the best-performing lithium iron phosphate (LFP) or manganese cobalt aluminum oxide (NMCA) cells used in many EVs on the road today, and at a comparable cost. The new LRM battery cells are not intended to replace GM's current batteries. Rather they will be used for some electric models along with high-nickel and iron-phosphate cells for others. According to GM, the lower cost LRM prismatic cell batteries will primarily be used to expand customer choice in the electric truck and full-size SUV markets. 'We're pioneering manganese-rich battery technology to unlock premium range and performance at an affordable cost, especially in electric trucks,' said Kurt Kelty, VP of battery, propulsion, and sustainability at GM, in the release. 'As we look to engineer the ideal battery for each vehicle in our diverse EV portfolio, LMR will complement our high-nickel and iron-phosphate solutions.' GM is targeting driving ranges of over 400 miles for its full-size electric trucks and SUVs equipped with LRM batteries, while achieving significant cost savings compared to today's high-nickel battery cells the automaker is currently using. The automaker said it began researching LRM battery cells a decade ago, which included prototyping cells at its Wallace Battery Cell Innovation Center in Warren, Michigan. The automaker accelerated its research in 2020 as its engineers collaborated with partners including LG Energy to achieve advancements in battery cathode materials, electrolytes, additives, form factors and assembly processes. GM said researchers overcame LMR's limitations in performance and durability that made them impractical for commercial use, according to the company. 'We've worked with our suppliers to optimize the materials in our LMR cells, adding proprietary dopants and coatings, along with particle engineering, process innovations, to achieve the right energy density and arrangement of battery materials inside the cell to keep them stable,' said Kushal Narayanaswamy, director of advanced battery cell engineering at GM, in a May 13 blog post. By the end of 2024, GM said its researchers coated roughly one metric ton of LMR cathode material at the company's Wallace Battery Cell Innovation Center, which included testing hundreds of large format prismatic cells in 18 different prototypes and three cell dimensions. In total, the tests were equivalent to 1.4 million miles of EV driving, according to GM. Unlike the 4680 cylindrical cell format used by Tesla for the Model Y, prismatic cells can be stacked closer together inside an EV's battery pack. Their flat design uses less space compared to cylindrical cell batteries, leading to higher energy density, as more cells can fit into each EV battery pack. The cells can also better dissipate heat for improved cooling performance with an outer case typically made of aluminum. 'That makes them substantially more efficient to package in full-scale trucks and SUVs,' Narayanaswamy said. Prismatic cells also require fewer components to assemble battery packs, which contributes to lower costs. The design can reduce battery module components by 75% and total pack components by 50%, according to GM. Pre-production of LRM battery cells is expected to begin at an LG Energy Solution facility by late 2027. The final cell design will be validated at GM's new Battery Cell Development Center in Warren, Michigan, that's expected to be operational by 2027. The batteries will also be validated at an unnamed LG Energy Solution facility before series production begins. 'We're excited to introduce the first-ever LMR prismatic cells for EVs, the culmination of our decades-long research and investment in the technology,' said Wonjoon Suh, executive VP and head of the Advanced Automotive Battery division at LG Energy Solution, in the release. 'GM's future trucks powered by this new chemistry are a strong example of our shared commitment to offering diverse EV options to consumers.' Recommended Reading LG Energy Solution picks up Michigan's subsidies for Ultium plant Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
12-05-2025
- Automotive
- Yahoo
Latest News In Electric Vehicles - China's HEV Battery Market Growth Sparks New Opportunities
The Chinese hybrid electric vehicle (HEV) battery market is poised for significant growth as the adoption of electric vehicles increases and lithium-ion battery prices drop. Lithium-ion technology dominates the market due to its high energy density and reliability, driving competition among key players like LG Energy, Toshiba, and BYD. While alternative technologies such as battery electric vehicles present challenges, advancements in battery technology, including faster charging times and improved safety, promise new opportunities. China's government is actively investing in next-generation battery tech, fostering an environment conducive to the growth of hybrid electric vehicles, especially within the passenger car segment. This dynamic market evolution reflects a broader trend towards sustainable transportation solutions driven by both economic and environmental factors. last closed at HK$415.60 up 7.4%, close to the 52-week high. In other market news, was trading firmly up 20% and ending trading at CN¥95.86, hovering around its 52-week high. In the meantime, trailed, down 2.3% to end trading at ₹137.95. Samvardhana Motherson International's strategic expansions and acquisitions aim to significantly boost earnings through enhanced synergies. Discover the full narrative on how these growth drivers could impact the company's financial trajectory. Don't miss our Market Insights article, exploring the dynamic challenges and opportunities within the electric vehicle sector. Act quickly! ended the day at $298.26 up 4.7%. closed at $10.43 up 1.5%. Discover the full array of 51 EV Stocks, featuring Lucid Group, Guangzhou Automobile Group and Seres GroupLtd, right here. Searching for a Fresh Perspective? Rare earth metals are the new gold rush. Find out which 23 stocks are leading the charge. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sources: Simply Wall St "China Hybrid Electric Vehicle Battery Market Share, Industry Trends & Growth Forecasts (2025-2030) | Lithium-Ion Batteries Lead China's Hybrid EV Revolution Amidst Plummeting Prices" from Research and Markets on GlobeNewswire (published 09 May 2025) Companies discussed in this article include SZSE:302132 SEHK:1211 NasdaqGS:TSLA NYSE:F and BSE:517334. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error while retrieving data Sign in to access your portfolio Error while retrieving data
Straits Times
22-04-2025
- Automotive
- Straits Times
LG Energy pulls out of $11 billion Indonesia EV battery project
LG Energy's withdrawal is a blow to the country's ambitions to become a major hub for the technology. PHOTO: REUTERS London – LG Energy Solution withdrew from an 142 trillion rupiah (S$11 billion) partnership with Indonesia to build a full electric vehicle battery supply chain, a blow to the country's ambitions to become a major hub for the technology. The South Korean firm pulled out due to various factors including 'market conditions and investment environment,' it said in a statement on April 21. The memorandum of understanding for the so-called Grand Package project was signed in 2020, and envisaged a suite of investments in cooperation with Indonesian state-owned enterprises. LG's withdrawal is a setback for Indonesia, which has tried to leverage its large reserves of battery metal nickel to draw investment from foreign firms. The South-east Asian nation is already dealing with the fallout of the new US tariffs, as well as broader investor anxiety about policies under President Prabowo Subianto. LG Energy Solution said it would continue to explore areas of collaboration with the Indonesian government. In 2024, the firm opened the country's first battery cell plant with Hyundai Motor Group. BLOOMBERG Join ST's Telegram channel and get the latest breaking news delivered to you.
