China’s top bat­tery maker will make cheaper next gen­er­a­tion low cobalt bat­ter­ies

Zambian Business Times - - COMMODITIES -

China’s largest lithium bat­tery maker Con­tem­po­rary Am­perex Tech­nol­ogy Ltd (CATL) plans to be­gin pro­duc­ing in 2019 next-gen­er­a­tion nickel-rich bat­ter­ies, which are cheaper to make and have longer life-spans.

Cobalt sta­bi­lizes and ex­tends the life of lithium-ion recharge­able bat­ter­ies. Cobalt prices more than dou­bled in 2017 and peaked at a record high of $95,250 a tonne in March, 2018.

South Korea’s LG Chem and SK In­no­va­tion have said they are work­ing on pro­duc­ing the same type of bat­tery. The CATL NCM 811 bat­tery has 80 per­cent nickel, 10 per­cent cobalt and 10 per­cent man­ganese.

CATL cur­rently makes NCM 523 bat­ter­ies with 50 per­cent nickel, 20 per­cent cobalt and 30 per­cent man­ganese.

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