However, in order to comply with the need for a more environmentally friendly society, the rapid development of LIBs with lower costs, increasingly higher energy and power density, and improved safety during charging and discharging is expected. Since then, the market has skyrocketed, expanding from 120,000 tonnes to 1,300,000 tonnes of lithium carbonate and equivalent products in 2025 - a tenfold increase powered by a seismic shift in the world's en pplications. In the past five years, over 2 000 GWh of lithium-ion battery capacity has been added worldwide, powering 40 million electric vehicles and thousands of battery storage. .
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