GLOBAL COBALT FREE EV BATTERY MARKET

 

INTRODUCTION

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. 

 

GLOBAL COBALT FREE EV BATTERY MARKET SIZE AND FORECAST

 

The Global Cobalt Free EV Battery Market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2022 to 2030.

 

MARKET DYNAMICS

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.

 

COMPANY PROFILE

 

THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

  1. What is the average cost per Global Cobalt Free EV Battery Market right now and how will it change in the next 5-6 years?
  2. Average cost to set up a Global Cobalt Free EV Battery Market in the US, Europe and China?
  3. How many Global Cobalt Free EV Battery Market are manufactured per annum globally? Who are the sub-component suppliers in different regions?
  4. What is happening in the overall public, globally?
  5. Cost breakup of a Global Cobalt Free EV Battery Market and key vendor selection criteria
  6. Where is the Global Cobalt Free EV Battery Market  manufactured? What is the average margin per equipment?
  7. Market share of Global Cobalt Free EV Battery Market manufacturers and their upcoming products
  8. The most important planned Global Cobalt Free EV Battery Market in next 2 years
  9. Details on network of major Global Cobalt Free EV Battery Market and pricing plans
  10. Cost advantage for OEMs who manufacture Global Cobalt Free EV Battery Market in-house
  11. 5 key predictions for next 5 years in Global Cobalt Free EV Battery Market
  12. Average B-2-B Global Cobalt Free EV Battery Market price in all segments
  13. Latest trends in Global Cobalt Free EV Battery Market, by every market segment
  14. The market size (both volume and value) of Global Cobalt Free EV Battery Market in 2022-2030 and every year in between?
  15. Global production breakup of Global Cobalt Free EV Battery 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, 2022-2030
18 Market Segmentation, Dynamics and Forecast by Product Type, 2022-2030
19 Market Segmentation, Dynamics and Forecast by Application, 2022-2030
20 Market Segmentation, Dynamics and Forecast by End use, 2022-2030
21 Product installation rate by OEM, 2022
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, 2022
29 Company Profiles
30 Unmet needs and opportunity for new suppliers
31 Conclusion
32 Appendix

 

 

 

 

 

 

 

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