Advanced batteries are rechargeable PLI (Poly Lithium Ion) batteries. These batteries find applications in automotive and electric vehicle industry along with laptops and other electrical products. Advanced batteries posses some of the unique properties namely light weight and compactness owing to which they are gaining popularity over conventional batteries. The affluent commercialization and increased adoption of electric motor vehicles has spurred growth in global advanced batteries market. There has been a substantial growth in the market over the last couple of years and the trend is forecasted to see a rise in the next five years.
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