Despite a recent slowdown in the development of nickel-rich lithium ion batteries for use in the electric vehicle (EV) sector, certain types of these batteries will continue to penetrate the market due to so called "driving range anxiety", according to the chairman of Ningbo Ronbay New Energy Technology Co.
Addressing delegates at the China International Nickel & Cobalt Conference in Yichang, central China, on Tuesday November 5, Houshan Bai pointed out that nickel-rich lithium ion batteries, such as the nickel-cobalt-manganese (NCM) 811, offer a distinct advantage in terms of greater driving range and energy density.For these reasons, Bai expects production of such batteries to experience a meaningful uptick from 2021 onward."In the future, NCM 811 lithium-ion battery will be more suitable for medium-and-high end electric vehicles which are required to travel [at least] 500 kilometers per charge," he said. "In...