Are you sure you want to delete the contents of basket?

Press Pack


On the pulse of time: Battery trends for 2023
  • International Battery Day: Last week’s celebration provided a good opportunity to highlight the achievements in 222 years of battery development and the trends for 2023.
  • Innovation driver Aiways: New technologies and developments in cell chemistry and battery form factors are the research focus of the development center in Shanghai.
  • Unrestrained growth: annual demand for battery capacity will rise to 4,500 GWh per year by 2030, but there will be greater differences in the raw materials used.


Shanghai/Munich, February 23, 2023 During the transition to electromobility, demand for batteries has skyrocketed in key automotive markets worldwide. Projected growth will continue at a very high level, posing several challenges that are clearly reflected in individual trends. To mark International Battery Day, Aiways provides an insight into current battery trends.

“The battery turns 222 years old this year, and it’s remarkable how far technology has come in that time. Thin discs of copper and zinc, separated by cardboard soaked in salt water have shaped the world as we know it today,” explains Dr. Alexander Klose, Executive Vice President Overseas Operations at Aiways. “What Alessandro Volta once invented and was further developed over centuries has made such impressive strides in development over the past few decades that it has revolutionized the way we think about mobile energy storage. And the pace will continue to accelerate.”

By 2030, global demand for batteries is expected to increase by about 30 percent, approaching 4,500 gigawatt hours (GWh) per year, with the battery value chain expected to grow tenfold between 2020 and 2030. Annual sales in the battery manufacturing environment alone are expected to rise to as much as 400 billion Euro.

Trend #1: Performance enhancement of current lithium-ion batteries

Currently, research is developing novel materials and compositions to further improve the energy density of batteries. The ultimate goal is to increase the amount of energy that can be stored in a given battery volume. This will enable the battery to be made more compact and lighter, and thus used more efficiently. Another point of the new development is also aimed at improving the charging and discharging rates of batteries, which will allow faster charging and discharging without sacrificing performance. Modern lithium-nickel-manganese-cobalt-oxide (NMC) batteries, now in their third generation, are more powerful than ever before, despite a steady reduction in the proportions of manganese and cobalt. Substitution of these expensive raw materials nevertheless remains one of the top development goals.

Trend #2: New and cheaper cell chemistries with on-demand performance

For electrically powered vehicles (BEVs) to compete with internal combustion engines (ICEs) without subsidies, the price of battery packs must fall below EUR 100/kWh, compared with the current price of around EUR 130/kWh (as of 2021). Increased demand and global sourcing problems in the recent past have exacerbated the raw material situation. Strategic initiatives to research new chemical and technological solutions have therefore been launched by both manufacturers and suppliers. The research focus is mainly on alternative cathodes that are rich in manganese and do not require cobalt, such as LMFP, NMx and LNMO. Lithium iron phosphate (LFP)-based batteries, on the other hand, have already reached the mass market. Despite their lower energy density, their long service life and significantly lower costs are particularly impressive here. In addition, recent technological advances such as cell-to-pack (CTP), structural battery packs and the use of large-format cells effectively mitigate the disadvantages of LFP’s lower energy density.

Trend #3: Recycling and Second Life

With increasing demand and an aging BEV fleet, the recycling and reuse of batteries is becoming increasingly important. Some countries are already planning regulations for the recycling of used batteries. In this regard, the European Union (EU) is considering requiring 4% of all new lithium batteries manufactured in the EU to be made from recycled materials by 2030. The goal is to increase this percentage to 10% by 2035. To address this challenge, three potential end-of-life battery pathways have emerged. The first and simplest option is to repair damaged batteries for further use. The second option is to use aged batteries in secondary uses, such as grid or home storage. The third option is to use recycled battery materials as feedstock for the production of new batteries. This would reduce the demand pressure on important raw materials and significantly reduce the overall resource footprint of batteries.

Trend #4: Higher voltage levels for shorter charging phases

A limiting factor in the power delivery of electric vehicles, but also in the charging process, is the maximum current flow. It cannot be increased at will due to increasing electrical resistance and rising temperature of the conductive material. A further increase in power is only possible with an increase in voltage. 800-volt battery systems are therefore able to charge at twice the power of 400-volt systems at the same current. On the one hand, this can lead to more comfort on long-distance journeys, but on the other hand it can mean new applications for battery systems with only low current output capability. Solid-state batteries, whose electrolyte is not liquid but consists of solid material, currently still have a very low power density because their ability to transmit currents is limited. A higher voltage level can also provide increased performance here.

The pace of development in the industry is faster than ever before

“The switch to electromobility has unleashed a whole new momentum in the automotive industry: Innovation steps are shorter and development leaps are greater. For this very reason, strategic model planning must be more focused than ever. Only with a flexible platform that can be adapted to new developments can you remain competitive as a brand,” explains Zeeshan Shaikh, Head of the Aiways Technical Center in Munich. “With the step from our Aiways U5 SUV to the Aiways U6 SUV-Coupé, we have shown how changeable our MAS platform is and it will continue to impress as an intelligently developed structure in the future.”


Press Releases & Media Assets

Aiways press material and an extensive selection of high-resolution photos and videos can be downloaded from the press portal

Aiways contact for media inquiries

Bernd Abel, Aiways Automobile Europe GmbH

+49 (0) 89 693135269

Georgia Chapman, Aiways Automobile Europe GmbH

+49 (0) 89 693135278



About Aiways

Founded in 2017, Aiways is a Shanghai-based personal mobility provider with its European HQ in Munich, Germany. It was the first Chinese start-up to introduce an electric vehicle to the European market with the launch of the U5 in 2020 – a battery-electric SUV with impressive range, style, and quality. Aiways is rapidly continuing its expansion in Europe and beyond: order books are open in Germany, Netherlands, Belgium, Denmark, France, Israel, Switzerland, Spain, Portugal, Italy, Sweden, Croatia, Faroe Islands, Iceland, and Slovenia – with more markets to follow. The U5 SUV is produced at Aiways’ smart production facility in Shangrao – one of the most modern car production facilities in China. The IT-controlled processes with challenging quality gates follow the standards of Industry 4.0. With an initial production capacity of 150,000 units per annum, Aiways can increase this number to 300,000 units when global EV demand rises. Aiways’ next model for Europe will be the battery-electric U6 SUV-Coupé. With a focus on sophisticated aerodynamics, highly connected driving, safety technology, and a sporty design, the U6 SUV-Coupé is just the next chapter of Aiways’ promising future.