NaoneXa and Decktron have entered into a definitive agreement with Argonne National Laboratory to develop and transfer into commercial use next-generation rechargeable lithium battery technologies from Argonne's Battery Technology Department.
Lithium batteries are the most popular rechargeable battery for consumer electronics, as a result of their success in these applications, lithium batteries are now used in other applications such as electric vehicles, hybrid electric vehicles, power tools and specialty battery applications which typically rely upon less efficient NiCD (nickel cadmium) or NiMH (nickel metal hydride) technologies. Lithium batteries are 20-50% lighter than either NiCD or NiMH and can provide greater energy and power per unit of volume and weight.
Analysts predict that by 2010 automakers will annually sell more than 3 million hybrid cars around the world, generating battery sales of over $3 billion. Lithium batteries already represent a global market of $6 billion, growing at 10-15% per year.
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