Race to produce high-#Nickel batteries accelerates
The Korea Economic Daily:
BMW and GM scheduled to roll out EVs equipped with high-nickel Korean batteries at end-2021.
South Korea’s top three electric vehicle battery makers — LG Energy Solution Ltd., SK On and Samsung SDI Co. — are gearing up for full-scale production of next-generation batteries high in nickel content, which analysts say would widen their lead over Chinese rivals.
Global vehicle makers, including BMW AG and General Motors Co., are scheduled to roll out new EVs equipped with high-nickel batteries made by Samsung SDI and LG Energy, respectively, at the end of this year.
SK On’s next-generation battery NCM9, composed of lithium, nickel, cobalt and manganese with 90% nickel content, will be used in Ford Motor Co.’s EV pickup set for launch in the spring of 2022. The new EVs running on Korean batteries will likely shore up the battery manufacturers’ bottom lines in the coming years.
A battery cell with a nickel content of more than 80% is classified as a high-nickel battery, offering longer mileage and shorter charging time than existing batteries.