#Bloomberg: Car Battery Pioneer Says New Breakthrough Will Lower Cobalt Use
The scientist-turned-entrepreneur behind a battery technology adopted by chemical giants #BASF SE and Johnson Matthey Plc is back with another invention — one he claims will boost electric vehicle performance for years to come.
Latest innovation reduces the need for #Cobalt, a key battery material, to only the most critical areas in order to lower costs. The blueish-gray element is mined mostly in Democratic Republic of Congo and prices have spiked in recent years amid fears of shortages for battery-powered cars.
New invention, called #, can be used in a number of types of #Nickel-based power packs and has been granted patents in the #US, the #EuropeanUnion, #China and #Japan — the major battery manufacturing markets.