SHANGHAI: China’s Contemporary Amperex Technology Co Ltd , a Tesla supplier, is developing a new type of electric vehicle battery that contains no nickel or cobalt, a company executive said today.Battery makers from Japan’s Panasonic Corp to South Korea’s LG Chem are lowering the use of expensive cobalt in their nickel-cobalt-aluminium batteries or nickel-cobalt-manganese batteries.
Tesla’s boss, Elon Musk, last month urged miners to produce more nickel, warning the current cost of batteries remained a big hurdle to the company’s growth. Ningde-based CATL makes NCM batteries and supplies lithium iron phosphate batteries to Tesla. It has partnerships with Japan’s Toyota Motor and Honda Motor and supplies Germany’s Volkswagen AG and Daimler AG.
The new battery type will be different from existing NCA, NCM and LFP batteries and will have no expensive metals like nickel or cobalt, Meng Xiangfeng, a senior executive at CATL, told an industry conference held by the China Association of Automobile Manufacturers in Shanghai.
Technology Technology Latest News, Technology Technology Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: malaymail - 🏆 1. / 86 Read more »