5G technology to expand lithium ion’s battery empire

As the global transition to 5G technology gathers pace, growth in non-EV markets has significant potential to expand across two fronts: portables and energy storage systems (ESS).

China in particular, which is leading the way in 5G developments, has demonstrated significant growth in not just portable device battery requirements but also the associated infrastructure which is turning to lithium ion solutions for stationary storage needs.

As a result, Benchmark expects a two-fold uptick in demand for lithium ion battery cells off the back off global 5G adoption: increased mobile phone battery capacity requirements, and lithium ion installations in . . .

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