![]() ![]() Samsung pulled off the Galaxy Note 7 smartphone after fears it would explode. Solid battery use eliminates a fire risk bringing comfort to the manufacturer and consumer. These effects are expected to encourage more people to switch from electric cars to ones with longer distances and cheaper prices. Solid rechargeable batteries may save money as these batteries make electric vehicles better-suited to driving. Solid batteries can reduce charging time which is increasing adoption by electric car buyers. When they are used in electric cars they can be used with a greater density and longer driving range. Solid-state batteries used solid electrolytes rather than liquid electrolytes. Solid-state batteries, on the other hand, use solid electrolytes instead of liquid, hence eliminating the major risk present in LI batteries. Conventional LI batteries contain a liquid that is inflammable and hence remain a fire hazard, though all manufacturers adopt safety measures in their products. Not too long back Samsung made news by withdrawing its Galaxy Note 7 because of the potential hazard of the battery exploding and igniting a fire. Lithium-ion batteries used in smartphones and electric vehicles, while reliable, have safety concerns. Many people are excited about the possibilities that solid-state batteries hold and, consequently, the investment prospects in stocks of such battery technology companies. Innovations in solid-state batteries hold promise that they will be able to overcome some of the limitations in present-day lithium-ion batteries (LI). As an investor, I asked what are the best solid-state battery stocks? A sector that has been attracting the attention of late is that of batteries, solid-state batteries to be precise. Human beings are constantly innovating to get better products, better technologies, better everything. ![]()
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