EV batteries could become a $340 billion market: Startups are racing to build them | Autoblog

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EV batteries could become a $340 billion market: Startups are racing to build them

Many players are scrambling to obtain the natural resourceslineups over the next several years.Batteries are key to automakers as they electrify their lineups over the next several years.Here's a look at the many startups racing to lead in the battery space.Batteries are critical to automakers' multi-billion-dollar plans to create electric vehicle lineups over the next several years.

At Insider, we've looked at white-hot EV battery technologies that give automakers the EV performance they need at the price their customers want. We've investigated how automakers are securing enough battery supply, especially amid the call for domestic sourcing brought on by requirements inclimate bill. And we've talked to startups working to recycle these batteries well after they're spent.

Below, you can read more about battery startups to watch, the battery metal shortages the industry is facing, and how automakers are navigating this important part of their business. You can also read more on the types of battery technologies that are winning in the industry. Automakers and nascent EV manufacturers are relying on dozens of outfits in the battery space to help them out.

As a result, new startups are emerging to tackle various bits of the battery chain, from supply to new chemistries. Established companies are also pivoting their business strategies to prepare for the upcoming demand.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

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Do these estimates include balance of plant (BOP)? Usually BOP is 1/3 value of the battery system, whereas cells make up 2/3. 🔋📱🔋

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