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A widespread form of rechargeable lithium-ion battery used in electronic devices like laptops, cell phones, and other portable devices is the HLM battery.
They are renowned for having a high energy density, which means that they have a higher volumetric energy storage capacity than other kinds of batteries. This makes them the perfect option for portable gadgets that need a lot of energy to run for a long time.
HLM batteries are a dependable and affordable option for many applications due to its extended lifespan and ability to survive several charge and discharge cycles. They are widely employed in a wide range of electronic gadgets and are well-liked in the consumer electronics sector.
Global HLM battery market accounted for $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2023 to 2030.
High energy density batteries with a cheap cost are available thanks to the HLM technology. Nickel, manganese, and cobalt (NMC) batteries are used in electric vehicles, and Umicore sees this as a complementing product to such batteries.
In comparison to lithium iron phosphate (LFP), the HLM technology is anticipated to offer a lower total cost of ownership due to its longer ranges, comparable safety, more dependable state-of-charge monitoring, and improved recyclability.
For a number of years, Umicore has been attempting to commercialise manganese-focused battery technology. The business and BASF entered into a non-exclusive patent cross-licensing arrangement in that covers the HLM technology.
This action is anticipated to hasten the advancement of the HLM technology and aid Umicore in meeting its objective of delivering HLM batteries for electric vehicles of commercial quality.
In order to meet the rising demand for batteries for electric vehicles, Umicore has ambitious plans to increase the production of cathode active materials. With its factories in Poland and Korea, Umicore now creates active cathode materials based on NMC.
A new CAM plant has been established by the firm in Nysa, Poland, with a capacity for 20 GWh of annual production by the end and up to 200 GWh in the years that follow.
