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Global Race To Replace Li-ion Battery Heats Up: Nikkei

 

Magnesium-ion and zinc-ion could be two key alternatives to replace the more expensive lithium-ion batteries that’s been powering portable gadgets for nearly three decades, Nikkei reported on Sunday.

While the European Magnesium Interactive Battery Community, dubbed E-Magic, looks to pack 1,000 watts of energy density – twice lithium-ion’s capacity – into a litre’s worth of a magnesium-ion battery, a new type of zinc-ion battery that reduces fire hazards is in the works, the report said.

Limited supply of lithium and cobalt – the key constituents of a Li-ion battery – is also behind the global hunt for a replacement, which may become ready by 2030.

Read the full report: Nikkei

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The post Global Race To Replace Li-ion Battery Heats Up: Nikkei appeared first on Asia Financial.

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