Wednesday, 5 October 2016
Investment in lithium-ion batteries may crowd out future innovation (Darrell M. West, Jack Karsten, Brookings)
When Samsung announced the Galaxy Note 7 on August 3, it could have hardly anticipated the media firestorm it would find itself in a month later. By September 2, Samsung had issued a recall of all 2.5 million units sold due to over 100 Note 7 batteries bursting into flames. However, the implications of Samsung’s recall reach further than the estimated $1.35 billion it will cost the company. The recall highlights the technical limitations associated with lithium-ion technology’s accelerating saturation of the battery market.
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