Why is nickel important in lithium ion battery production?

Nickel is indispensable in lithium-ion battery production, especially in high-performing cathode chemistries like nickel-cobalt-manganese (NCM) and nickel-cobalt-aluminium (NCA). These chemistries are prized by EV manufacturers for their ability to deliver extended range and performance.

Why do EV batteries use nickel?

These chemistries are prized by EV manufacturers for their ability to deliver extended range and performance. According to Adamas Intelligence, nickel use in EV batteries has seen a marked increase, with each battery EV (BEV) containing an average of 25.3 kilograms.

What is the long-term demand for nickel in the EV industry?

Despite recent market challenges, the long-term demand for nickel in the EV industry remains strong. As automakers prioritise high-nickel battery chemistries for range and performance advantages, nickel consumption is anticipated to grow with the global shift toward electrification.

How a battery is assembled?

Battery module and pack assembly Individual cells are then grouped into modules and assembled into battery packs. This step involves: Module Assembly: Cells are connected in series or parallel configurations to achieve the desired voltage and capacity.

Why is nickel important in the EV industry?

Nickel's role in the EV industry goes beyond just being a raw material; it represents a catalyst for change in the global automotive market, propelling advancements in battery technology and reshaping national economies.

Will a high-nickel cathode boost battery lifespan?

This might boost battery lifespan by more than 30% and capacity by 10%. LG Chem announced that it has started Korea’s first-ever mass production of single-crystal high-nickel cathodes for next-generation batteries.