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Lithium ions migrate from the negative electrode through an electrolyte to the positive electrode during discharge and back again during charging in a lithium-ion battery, which is a type of rechargeable battery made up of cells.
Li-ion batteries commonly use graphite for the negative electrode and an intercalated lithium compound for the positive electrode. With the exception of LFP cells, lithium-ion batteries have a high energy density, little memory effect, and a low self-discharge rate.
It is possible to construct cells that emphasise power density or energy. The intercalation and deintercalation of Li ions are the basis of Li-ion batteries. The ions that are introduced into the anode’s lattice structure during charging (intercalation) and removed from the anode during discharge come from the cathode (deintercalation).
The global transition to clean energy relies heavily on the lithium-ion battery cathode material market. Cathode materials are pivotal in shaping the performance of lithium-ion batteries, extensively employed in electric vehicles (EVs), consumer electronics, and energy storage systems.
The surging demand for EVs is a primary catalyst for the lithium-ion battery cathode material market. EVs necessitate batteries with remarkable energy and power density to achieve extended range and optimal performance. Lithium-ion batteries equipped with high-nickel NMC cathode materials are ideally suited for EVs, striking a balance between energy density, power density, cost-effectiveness, and longevity.
Simultaneously, the increasing demand for portable electronic devices is driving the need for advanced lithium-ion batteries with cathode materials that offer enhanced lifespan and cost efficiency. Consumer electronics frequently utilize lithium-iron-phosphate (LFP) cathode materials due to their affordability and extended life cycle.
Furthermore, grid-scale energy storage systems are becoming essential to integrate renewable energy sources. Lithium-ion batteries are a preferred choice for grid-level energy storage owing to their high energy density and rapid charging capabilities. In this context, cathode materials with improved stability and cycle life are indispensable for effective energy storage applications.
Lithium-ion battery cathode material is the positive electrode material in a lithium-ion battery. It is responsible for storing and releasing lithium ions during the charging and discharging of the battery. Lithium-ion battery cathode materials are a critical component of lithium-ion batteries. The type of cathode material used in a lithium-ion battery has a significant impact on its performance and cost.
The Global Lithium-Ion Battery Cathode Material 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.
Tesla, the world’s leading electric vehicle manufacturer, is planning to produce its own lithium-ion battery cathode materials. This will give Tesla more control over its supply chain and reduce its reliance on external suppliers.
The US government is investing $2.8 billion to support the domestic production of lithium-ion battery cathode materials. The goal is to reduce the country’s reliance on imports of lithium-ion battery cathode materials and to support the development of the US electric vehicle industry.
Recycling lithium-ion battery cathode materials can help to reduce the environmental impact of the lithium-ion battery industry and reduce the cost of lithium-ion batteries. A number of companies are developing new and improved lithium-ion battery cathode material recycling technologies.
Contemporary Amperex Technology Co., Limited (CATL), the world’s largest manufacturer of lithium-ion batteries, is developing a new lithium-ion battery cathode material with higher energy density. The new material is expected to be used in electric vehicles with longer ranges.
Cellforce Group, a partnership between Porsche and Customcells, has chosen BASF as its only partner in cell development for its next lithium-ion battery. To support the development of high-performance battery cells for quick charging and high energy density, BASF will contribute high-energy HEDTM NCM cathode active materials as part of the partnership.
With a robust R&D network and a position as the world’s leading provider of high-performance cathode active materials, BASF is well-positioned to collaborate with others to advance a circular economy.
LG Chem has launched a new cathode material called NCMA, which stands for lithium nickel cobalt manganese aluminum. NCMA cathode materials offer higher energy density and longer cycle life than traditional NCM cathode materials. LG Chem is already using NCMA cathode materials in its batteries for electric vehicles.
CATL has launched a new cathode material called LMFP, which stands for lithium manganese iron phosphate. LMFP cathode materials offer lower cost and longer cycle life than traditional LFP cathode materials. CATL is already using LMFP cathode materials in its batteries for electric vehicles.
