Magnesium May Soon Be Commonplace In EV Batteries

(MENAFN- Investor Brand Network) Electric vehicles could be getting a new battery ingredient in the coming years, as carmakers look beyond lithium toward a cheaper, more abundant alternative: magnesium. Lithium earned its dominant role in EV batteries for good reason, offering high energy density, a light structure and quick charging that suits modern driving needs.

When all these bottlenecks are eventually addressed, we could see high-end models from brands like Ferrari N.V. (NYSE: RACE) featuring magnesium batteries in their...

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