There is a paradigm shift being experienced in the energy storage market with Lithium batteries dominating the American and other global markets. Lithium batteries are characterized by very high efficiency and durability making them favorable for a lot of industries. In China, manufacturers are focusing on producing high efficiency lithium batteries for the vast market of electric mobitility and the increasing focus on renewable energy. These batteries have substantial benefits such as low weight, long cycle life, improved safety and lots more and thus can easily be used for more applications. Collaborating with china based and other well-known lithium battery manufacturers allows the firms to incorporate modern technologies and remain competitively relevant in international markets.
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