In 2022, electric vehicles accounted for 21.6% of new car registration in the EU1. With the EU's aim for zero CO2 emissions from car by 2035, this trend will likely continue. As a result, the automotive industry will experience a surge in demand for rechargeable batteries, as well as a need for more sustainable and cost-effective materials for these batteries. Forward-thinking companies are now prioritizing the reduction of critical and hazardous materials while simultaneously bringing down cost and maintaining safe and powerful battery performance.
We have developed best-in-class LiNi0.5Mn1.5O4 (LNMO) cathode active materials (CAM). LNMO fits into electric vehicle (EV) batteries and is optimized for low cost and high energy. It is suitable for demanding applications that require fast charging or discharging. LNMO delivers performance on par with state-of-the-art high nickel lithium-ion batteries but at a much lower cost and with significant environmental benefits in the supply chain.
1 European Environment Agency: New registrations of electric vehicles in Europe | European Environment Agency's home page (europa.eu)
Relevant links:
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