Did you know that competition in the global battery market is heating up? Well, it is.
Commonly used in portable electronics like cellphones, lithium-ion batteries are set to become extremely valuable in the coming years thanks to the next-generation of cars (and other technological advancements, of course).
Knowing there's going to be an increasing demand for batteries, China and the United States are scrambling for a piece of that pie, leaving them locked in a race to construct what’s being dubbed as ‘megafactories.'
To learn more, watch the video above.