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How Battery Management System Innovation Will Lead to Better Batteries

IDTechEx forecast the Li-ion battery market for electric vehicles to reach US$380 billion by 2034. With this huge increase in value, the safe and reliable operation of these (sometimes combustible) assets while maximizing the performance extracted from them becomes critical. The battery management system (BMS) plays a central role in the safe and reliable operation of Li-ion batteries but is somewhat overlooked with regard to its potential for also moving battery performance forward.

5 Key Routes to Better Li-Ion Batteries

The current iteration of Li-ion batteries, which are based on graphite anodes, liquid electrolytes, and cathode materials such as NMC and LFP, are generally considered to be reaching their performance limits. However, from cell materials to battery designs, there are still several routes that can lead to further improvements in performance and cost.