Global Cobalt Free EV Battery Market 2024-2030

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    Cobalt cathodes have been used in lithium-ion batteries. Although cobalt has a high energy density, the metal is pricey. Cobalt has recently cost more to produce a lithium ion battery than all the other metals put together, making up around a quarter of the overall price.

    Infographics-Cobalt Free EV Battery Market , Cobalt Free EV Battery Market Size, Cobalt Free EV Battery Market Trends, Cobalt Free EV Battery Market Forecast, Cobalt Free EV Battery Market Risks, Cobalt Free EV Battery Market Report, Cobalt Free EV Battery Market Share


    Batteries made of iron phosphate (LFP), which don’t contain nickel or cobalt, are typically less expensive and safer, but they have a lower energy density, which makes electric vehicles less effective and have a shorter range.


    In order to create more long-range vehicles, it also frees up capacity for the development of battery cells with different, more energy-dense chemistries. 




    The Global Cobalt Free EV Battery Market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.



    General Motors, Tesla, Nissan, and other automakers have promised to begin producing vehicles using cobalt-free lithium ion batteries in an effort to reduce costs. Tesla revealed that about half of all the vehicles it produced in the previous quarter already had batteries made of cobalt-free iron-phosphate (LFP).


    Sparkz and Texpower, two energy entrepreneurs, are getting ready to increase manufacturing of their high-performance, cobalt-free batteries. Sparkz is re-engineering the battery supply chain by first getting rid of cobalt before focusing on making other components more environmentally friendly and locally produced.


    When the country is able to innovate and produce the newest generation of energy storage domestically, America’s clean energy future will realise its full potential. Sparkz’s go-to-market plan for American batteries that are more effective and efficient will benefit American workers, consumers, strategic partners, and investors.


    A joint research and innovation initiative on next-generation batteries, COBRA (CObalt-free Batteries for FutuRe Automotive Applications) is co-funded by the Horizon programme of the European Commission.


    By improving each component of the battery system holistically, COBRA intends to create a unique cobalt-free lithium-ion battery technology that addresses many of the present problems with Electrical Vehicle (EV) batteries. The battery chemistry used by COBRA will combine an LNMO cathode with a composite anode made of silicon nanoparticles and graphite as active particles.


    The project will produce a distinctive battery system that combines a number of highly desired characteristics, including greater energy density, low cost, more cycles, and fewer key materials.


    SVOLT, a Chinese EV battery company, has introduced what it calls the first cobalt-free battery in history. The company displayed its cutting-edge battery pack inside an Ora Cherry Cat made by Chinese carmaker Great Wall Motors at the Chengdu Motor Show.


    SVOLT now claims to have a 100% cobalt-free battery with an 82.5KWh capacity that can travel 600 km on a single charge and accelerate a car from 0 to 60 mph in less than five seconds. Though it hasn’t provided a specific date, the company stated that its sustainable product is anticipated to be on sale in China. 


    Panasonic, a significant Tesla battery supplier, announced its new lithium-ion cells with a cobalt content of around 5%. The Japanese corporation intends to further reduce that percentage to zero in the following two to three years, an effort that is difficult from the standpoint of manufacturing but is worthwhile for both financial and environmental considerations.


    After consulting with its community, Sono Motors, the Munich-based manufacturer of the ground-breaking Sion SEV (Solar Electric Vehicle), decided to upgrade the vehicle’s battery to a 54kWh one with a longer range and no cobalt, nickel, or manganese. The Sion solar car was unveiled by Sono Motors earlier this year, boasting a 120kW motor with 270Nm of torque and a top speed of 140km/h.


    The Sion’s PV capacity is said to be able to generate enough charge for up to 34 kilometres thanks to the integration of 248 polymer solar panels that are embedded in the exterior of the vehicle. Sono Motors, on the other hand, disclosed that they were now choosing a more potent 54kWh battery, offering a range of up to 305km when running solely on batteries, and increasing its maximum charging power to 75kW.



    The world’s top EV battery maker, CATL, has been attempting to create cobalt-free battery solutions. The NCMA battery, which employs chemistry combining nickel, cobalt, manganese, and aluminium, is one of their key cobalt-free products.


    The amount of cobalt required in the battery can be greatly decreased by adding a larger proportion of nickel. Comparing the NCMA battery to existing cobalt-free battery chemistries like lithium iron phosphate (LFP), it is claimed to have a better energy density and a longer lifespan. For EV manufacturers seeking to enhance the performance of their vehicles, this makes it an attractive technology. Tesla, Toyota, and Volvo are just a few of the EV manufacturers that receive NCMA batteries from CATL.


    For instance, Tesla employs NCMA batteries from CATL in their Chinese-made Model 3 cars. A contract for cooperation in the creation of new battery technologies, such as solid-state batteries and other next-generation battery technologies, has also been inked by Toyota and CATL. For a number of reasons, the development of cobalt-free battery technology is crucial.


    Cobalt is a precious but pricey metal, and there are worries about the effects that its mining and processing will have on the environment and on issues related to human rights. EV producers may lower the price of their batteries and increase the sustainability of their vehicles by lowering or eliminating the demand for cobalt. The performance and price of EVs might be increased by CATL’s NCMA battery, a promising technology that could hasten the switch to electric mobility.


    Electric vehicles (EVs) are one of the many uses for solid-state batteries that ProLogium, a Taiwanese business, specializes in creating. The XPower range of cobalt-free solid-state batteries from the firm is designed to offer more energy-dense, secure, and ecologically responsible batteries without the use of heavy metals like cobalt. Small batteries for consumer gadgets and bigger batteries for electric vehicles are both included in the XPower series.


    The typical lithium-ion batteries that are frequently used in EVs today are not as stable, effective, or long-lasting as these batteries are. Solid-state batteries, which provide better energy density and safety than traditional lithium-ion batteries, have the potential to revolutionize the EV market. ProLogium has been working with several automakers and battery manufacturers to develop and test the technology for its XPower series for a number of years.


    The firm’s solid-state batteries have undergone performance, safety, and durability tests, and the findings are encouraging. The technology is still in its infancy, so it could be a while before it becomes broadly accessible and reasonably priced for mass market usage.


    The XPower series from ProLogium represents a significant advance in the creation of cobalt-free and more environmentally friendly EV batteries. Solid-state batteries like ProLogium’s XPower series may be essential in the transition to a more environmentally friendly and low-carbon transportation system as the demand for EVs rises.


    The “LFP” (lithium iron phosphate) battery is the cobalt-free EV battery offered by Tesla. LFP batteries were first used by Tesla in their Model 3 cars in China. These batteries are less costly and have a longer lifespan than the nickel-cobalt-aluminium (NCA) batteries used in other Tesla models while having a lower energy density. In the future, Tesla intends to incorporate LFP batteries into more of its automobiles.





    1. How many Cobalt Free EV Battery Components are manufactured per annum globally? Who are the sub-component suppliers in different regions?
    2. Cost breakup of a Global Thermal CCTV Camera and key vendor selection criteria
    3. Where is the Thermal CCTV Camera manufactured? What is the average margin per unit?
    4. Market share of Global Thermal CCTV Camera market manufacturers and their upcoming products
    5. The cost advantage for OEMs who manufacture Global Thermal CCTV Camera in-house
    6. key predictions for the next 5 years in the Global Thermal CCTV Camera market
    7. Average B-2-B Thermal CCTV Camera market price in all segments
    8. Latest trends in the Thermal CCTV Camera market, by every market segment
    9. The market size (both volume and value) of the Thermal CCTV Camera market in 2024-2030 and every year in between?
    10. Production breakup of the Thermal CCTV Camera market, by suppliers and their OEM relationship
    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in the Industry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Component Manufacturing in US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on Point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2024-2030
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2024-2030
    19 Market Segmentation, Dynamics and Forecast by Application, 2024-2030
    20 Market Segmentation, Dynamics and Forecast by End use, 2024-2030
    21 Product installation rate by OEM, 2023
    22 Incline/Decline in Average B-2-B selling price in past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in past 12 months
    26 M&A in past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2023
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix
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