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In 2023, the global battery industry witnessed significant advancements, with a focus on electric car batteries. The 10 biggest battery companies played a pivotal role. General Motors invested in a battery firm promising a 30% increase in EV battery range. At the EV Battery Show, two major battery types, LFP (Lithium Iron Phosphate) and NCM (Nickel Cobalt Manganese), were explained in detail, highlighting their importance and differences in the EV market.

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