Covina, Oct. 31, 2023 (GLOBE NEWSWIRE) — Traction batteries, also known as electric vehicle (EV) batteries or traction power batteries, are rechargeable energy storage devices designed for use in electric vehicles and other electric-powered transportation systems. These batteries store electrical energy in chemical form and release it as needed to power electric motors, providing the necessary traction for propulsion.  
(GlobeNewsWire)