#Vanlife: why this company is looking to make its lithium batteries a preferred choice for Vanlife and the luxury leisure vehicle market

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Growth potential for lithium-ion batteries?

The growth of the electric vehicle market and subsequent global demand for lithium-ion batteries could present opportunities for companies such as Expion360 Inc. XPON.

Expion360 is an industrial producer of lithium batteries and accessories for recreational vehicles, outdoor, marine, residential and industrial use.

Founded in 2016 by John Yozamp, Expion360 has 10 years of experience in the recreational vehicle (RV) and solar energy industries. The company produces premium advanced lithium batteries for recreational vehicle, marine, golf, industrial, residential and off-grid needs.

The company says its batteries stand out because they use lithium iron phosphate (LiFePO4) as the battery chemistry. LiFePO4 chemistry is considered a top choice for high energy density, reliability, longevity and safety.

#Vanlife and luxury RV

A search for the hashtag #vanlife on Meta Platforms Inc.it is Facebook Instagram and Facebook platforms, Twitter Inc. TWTR and TikTok reveals an array of vibrant lifestyles in vans. People live in a van that has been modified with basic amenities, such as solar panels, batteries, a bed, storage space, a sink, and a toilet.

Some van-dwellers live this lifestyle by choice, seeking freedom, autonomy and mobility without paying for “conformist” housing.

Expion360 battery technology could be suitable for #vanlife and luxury RV market. When people are enjoying the open road with their friends and family, Expion believes they’ll want a battery that gives them peace of mind to power their RV lights, devices, and whatever else they want to use.

Expion360 claims its lithium (LiFePO4) batteries provide reliable power in a maintenance-free, fast-charging, and lightweight design.

When the coronavirus pandemic hit in 2020, closing borders around the world, including the United States, most travelers avoided airlines and hotels, causing demand for motorhomes to skyrocket .

With luxury RVs costing from $200,000 to over $2 million, the global recreational vehicle market is expected to grow from $55.90 billion in 2021 to $87.89 billion in 2028 with companies such as Thor Industries Inc.it is THO Airstream and SLRV Expedition Vehicles provide the market with RV models with premium amenities.

Huge automotive players like General Motors Co. GM, Mercedes-Benz ADR Group DMLRYand Ford Motor Co. F also have a significant stake in the #vanlife market.

And finally, more and more people are buying into the concept of electric vehicles (EVs).

Electric car sales hit 6.6 million in 2021, more than tripling their market share from two years earlier. The International Energy Agency has released a new report showing that the EV market share has increased from 4.11% in 2020 to 8.57% in 2021.

More electric vehicles from companies like Tesla Inc. TSLA, Xpeng Inc.—ADR XPEV and Fisker Inc. FSR are expected to roll off production lines in the coming years, thanks to technical advances and the growing availability of lithium-ion batteries.

There are an estimated 16 million electric vehicles in circulation worldwide. Due to the expected growing demand, the global lithium-ion battery market is expected to grow from $41.1 billion in 2021 to $116.6 billion by 2030.

This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investment advice.

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