Norilsk Sees Nickel in Cars Tripling as Tesla Drives Sales

Nickel-Metal Hydride Batteries

Employees work near a model of nickel-metal hydride batteries for Toyota Motor Corp.’s third-generation Prius hybrid vehicles manufactured by Panasonic EV Energy Co., at the Panasonic EV Energy Co. headquarters in Kosai City, Shizuoka Prefecture, Japan. Photographer: Tomohiro Ohsumi/Bloomberg

Nickel demand from the auto industry is set to rise as much as threefold in five years as output of electric and hybrid cars gathers pace, according to Russia’s largest producer of the metal.

“Hybrid and electric cars make more demand for nickel,” Anton Berlin, head of strategic marketing at OAO GMK Norilsk Nickel, said in an interview in Moscow. “It will rise because many automobile companies, such as Tesla Motors, have very ambitious plans for the future.”

Read more at: http://www.bloomberg.com/news/articles/2015-04-13/norilsk-sees-nickel-use-in-cars-tripling-as-tesla-drives-sales

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