Case Study
Better batteries power the world’s electronics
Customer Story Better batteries power the world’s electronics According to research and consulting firm Frost and Sullivan, between 2012 and 2016 the lithium-ion battery industry doubled in growth, reaching $22.5 billion. And with lithium-ion batteries now powering smartphones, laptops, smart watches, drones, robots, automobiles and energy grids, among others, projections show that in the next few years, it will surpass $70 billion. In the face of fast-growing demand, China has become a global leader in the lithium-ion battery market. At the center of this growth is Hong Kong-based Amperex Technology Ltd. (ATL). In 1999, ATL’s founders foresaw the demand for mobile electronic-communications accessories, including lightweight, reliable, rechargeable batteries. They resolved to e