Cobalt free batteries are a type of rechargeable batteries engineered to eliminate or minimize the use of cobalt, addressing ethical and environmental concerns linked to its mining practices and supply chain risks.
The growth of the cobalt free batteries market is mainly driven by a growing demand for economically feasible and environmentally friendly energy storage solutions. Manufacturers are increasingly seeking alternatives to cobalt in traditional lithium-ion batteries due to its high cost and ethical concerns in mining. Cobalt free technologies not only address these issues but also enhance safety features by reducing the risk of overheating and explosions. The surge in the popularity of electric vehicles (EVs) is further propeling the demand for cobalt free batteries, as automakers are prioritizing ethical and environmental considerations in their battery supply chains.
𝐖𝐡𝐚𝐭’𝐬 𝐧𝐞𝐰?
In June 2023, the University of California, Irvine engineered durable batteries devoid of cobalt, utilizing nickel as a key component. These batteries were intended for use in electric vehicles.
𝐖𝐡𝐨’𝐬 𝐚𝐭 𝐭𝐡𝐞 𝐟𝐨𝐫𝐞𝐟𝐫𝐨𝐧𝐭?
Key players profiled in the global cobalt free batteries market include LITHIUMWERKS, Conamix, SVOLT Energy Technology (Europe) GmbH, Cobra, CATL, SPARKZ Inc., Vision Group, OptimumNano Energy Co.,Ltd, Sunwoda Electronic India Pvt Ltd, and Panasonic.
𝐒𝐭𝐚𝐲 𝐢𝐧𝐟𝐨𝐫𝐦𝐞𝐝 𝐚𝐛𝐨𝐮𝐭 𝐢𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐜𝐡𝐚𝐧𝐠𝐞𝐬 𝐰𝐢𝐭𝐡 𝐮𝐩𝐝𝐚𝐭𝐞𝐬 𝐨𝐧 𝐤𝐞𝐲 𝐭𝐫𝐞𝐧𝐝𝐬: https://lnkd.in/dhmgammd
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