As electric mobility and energy storage increases its share of the transport and energy sectors, the demand for batteries is rising, with lithium-ion batteries (LIB) dominating the market. While research by Trade & Industrial Policy Strategies (TIPS) indicates that South Africa’s vibrant venture capital sector sees opportunities for growth in the battery markets, TIPS senior economist Gaylor Montmasson-Clair says not all stages of the market are at the same level of development.
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