Valence Bets on Europe
Valence Technology has been working to bring phosphate-based lithium-ion batteries to large-format applications such as vehicles since 1989. In other words, it’s essentially been waiting for the electric-car market to take off for nearly two decades.
But the company thinks its waiting period is over. It says it has found a real – not potential – market for electric vehicles across the pond. And company officials are betting that Europe, not the U.S. or Asia, will be the ultimate winner in the race for the electric car.
Valence makes lithium-iron-phosphate and lithium-iron-magnesium-phosphate batteries for hybrid and electric commercial vehicles. It claims its batteries can fully charge and discharge more often than regular lithium-ion batteries, and also are less likely to catch fire (phosphate is a key ingredient in fire extinguishers).
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