"lithium"

The worlds electric grids are creaking under the pressure of volatile fossil-fuel prices and the imperative of weaning the world off polluting energy sources. A solution may be at hand, thanks to an innovative battery thats a cheaper alternative to lithium-ion technology.

Bangchak Corporation Plc has diverted 18.5 per cent of its investment budget to foreign lithium mines with the aim to make battery for electric vehicles (EVs) and mobile telephones, the company’s president and chief executive officer, Chaiwat Kovavisarach, said.

Energy giant Bangchak Corporation (BCP) says the growing demand for electric vehicles in Europe will boost demand for its lithium batteries.