Oxis Energy and Faradion to Develop New Lithium-ion Batteries

Chemical and Engineering news reported that two English companies, Oxis Energy and Faradion technologies, are planning to band together to improve the cost of lithium-ion batteries.
As quoted in the publication:

With the planned improvements, the two English companies say they will be in a position to solve a critical problem for mainstay lithium-ion batteries: cost, particularly for use in electric cars for the mass market. Industry watchers, however, remain unconvinced that the novel batteries will offer the needed power, recharge ability, and safety. They say the firms will have to prove their technologies in niche applications first.

Should Faradion and Oxis hit their expected performance targets, they could tap into an electric car battery market that by 2023 will be worth $24 billion, according to Navigant Research, a market research firm based in Boulder, Colo.