NexGen Materials

🚗💨 that electric cars are much more efficient at moving people around compared to gasoline-powered (ICE) cars?

Recent data shows that electric vehicles use up to 80% of their battery's energy to power the car, while gas cars use about 20-40% of their energy to do the same. That's a huge difference!

[Source: https://insideevs.com/features/392202/ice-vs-ev-inefficient-combustion-engine/]

Let's embrace the future of transportation and switch to electric cars to reduce our carbon footprint and save energy. 🌍🌿

📈 The rapid growth of the electronics industry is causing the demand for batteries to skyrocket. The global battery market is expected to reach $423.90 billion by 2030.

Here are some of the industry's key trends for 2023, including supply chain challenges, component bottlenecks and the latest innovations. 👉 https://bit.ly/3WMk7lE

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🔋 Over the past year, the battery anode market has seen significant growth, with the supply of natural graphite struggling to keep pace.

This imbalance between supply and demand led to a 25% increase in -100 mesh flake graphite prices in 2022. Benchmark expects this trend to continue through 2023 as the supply side continues to expand relative to the increasing demand in the anode sector. Read here. 👉 https://bit.ly/3jgbDFD