Low-nickel NCM batteries back in favor to reduce cathode producer costs, encourage end-user demand

Some cathode makers have been switching back to lower-nickel cobalt manganese (NCM) from high-nickel NCM cathodes to reduce costs and encourage consumers amid slowing demand for electric vehicles (EVs), Fastmarkets understands.

While low-nickel NCM batteries, with higher cobalt content, typically cost less than high-nickel NCM batteries, there has been a trend for battery producers to favor high-nickel NCM chemistries because of...

Published

Yiwen Ju

Zihao Li

December 04, 2023

09:00 GMT

Shanghai, Indonesia