A lithium-ion battery or Li-ion battery (abbreviated as LIB) is a type of rechargeable battery in which lithium ions move from the negative electrode to the positive electrode during discharge and back when charging. Li-ion batteries use an intercalated lithium compound as one electrode material, compared to the metallic lithium used in a non-rechargeable lithium battery. The electrolyte, which allows for ionic movement, and the two electrodes are the constituent components of a lithium-ion battery cell.
Lithium-ion batteries are common in home electronics. They are one of the most popular types of rechargeable batteries for portable electronics, with a high energy density, tiny memory effect[9] and low self-discharge. LIBs are also growing in popularity for military, battery electric vehicle and aerospace applications.[10] For example, lithium-ion batteries are becoming a common replacement for the lead–acid batteries that have been used historically for golf carts and utility vehicles. Instead of heavy lead plates and acid electrolyte, the trend is to use lightweight lithium-ion battery packs that can provide the same voltage as lead-acid batteries, so no modification to the vehicle's drive system is required.
Chemistry, performance, cost and safety characteristics vary across LIB types. Handheld electronics mostly use LIBs based on lithium cobalt oxide (LiCoO
2), which offers high energy density, but presents safety risks, especially when damaged. Lithium iron phosphate (LiFePO
4), lithium ion manganese oxide battery (LiMn
2O
4, Li
2MnO
3, or LMO) and lithium nickel manganese cobalt oxide (LiNiMnCoO
2 or NMC) offer lower energy density, but longer lives and less likelihood of unfortunate events in real world use, (e.g., fire, explosion, ...). Such batteries are widely used for electric tools, medical equipment, and other roles. NMC in particular is a leading contender for automotive applications. Lithium nickel cobalt aluminum oxide (LiNiCoAlO
2 or NCA) and lithium titanate (Li
4Ti
5O
12 or LTO) are specialty designs aimed at particular niche roles. The newer lithium–sulfur batteries promise the highest performance-to-weight ratio.
Lithium-ion batteries can pose unique safety hazards since they contain a flammable electrolyte and may be kept pressurized. An expert notes "If a battery cell is charged too quickly, it can cause a short circuit, leading to explosions and fires".[11] Because of these risks, testing standards are more stringent than those for acid-electrolyte batteries, requiring both a broader range of test conditions and additional battery-specific tests.[12][13][14] There have been battery-related recalls by some companies, including the 2016 Samsung Galaxy Note 7 recall for battery fires.[15][16]
Research areas for lithium-ion batteries include life extension, energy density, safety, and cost reduction, among others. However, as both energy density and economy of scale have reached their maximum, the industrial attention along with the market demand is to increase the charging speed with a practical target of under 1 min (a C-rating of 60C)
Full information you can find at: https://en.wikipedia.org/wiki/Lithium-ion_battery