Panasonic develops cobalt-free batteries for vehicles -Lithium - Ion Battery Equipment
According to foreign media reports, on May 30, local time, Panasonic said that it will develop cobalt-free batteries for automobiles in the near future. As an important battery component for electric vehicles, the price of cobalt materials has also soared with the development of electric vehicles.
Kenji Tamura, head of Panasonic's automotive battery business, said in a meeting with analysts, "We have significantly reduced the use of cobalt and hope to achieve cobalt-free batteries in the near future, and research and development is currently underway." Earlier this month, the special Sla said that the battery used in Model 3 has achieved the maximum energy density, and can still achieve excellent thermal stability on the basis of reducing the cobalt content and increasing the nickel content.(Lithium - Ion Battery Equipment)
Yoshio Ito, head of Panasonic's automotive business, revealed that in addition to trying to reduce the rare metal components in batteries, Panasonic is also trying to sign contracts with customers, hoping to avoid the risk of material price hikes.
At the meeting on May 30, Ito said that Panasonic has been working closely with Tesla for a long time and is working hard to increase the production capacity of battery cells, hoping to help Tesla achieve a weekly production capacity of 5,000 Model 3s by the end of June. . As the exclusive battery supplier for Tesla's Model 3, Panasonic produces battery cells jointly with Tesla at its Gigafactory in Nevada.
At its annual shareholder meeting in early May, Panasonic CEO Kazuhiro Tsuga publicly acknowledged for the first time that he would work with Tesla to produce battery cells in China. Panasonic plans to shift the company's focus away from lower-margin consumer electronics, while auto-related businesses should be the focus. By the end of March 2022, Panasonic hopes to double its automotive business revenue to 2.5 trillion yen, and the battery cell business is important to achieve that goal. By the end of March 2019, Panasonic hopes sales of its battery cells will boost its operating profit by 11.7 percent to 425 billion yen ($3.87 billion).
Kenji Tamura, head of Panasonic's automotive battery business, said in a meeting with analysts, "We have significantly reduced the use of cobalt and hope to achieve cobalt-free batteries in the near future, and research and development is currently underway." Earlier this month, the special Sla said that the battery used in Model 3 has achieved the maximum energy density, and can still achieve excellent thermal stability on the basis of reducing the cobalt content and increasing the nickel content.(Lithium - Ion Battery Equipment)
Yoshio Ito, head of Panasonic's automotive business, revealed that in addition to trying to reduce the rare metal components in batteries, Panasonic is also trying to sign contracts with customers, hoping to avoid the risk of material price hikes.
At the meeting on May 30, Ito said that Panasonic has been working closely with Tesla for a long time and is working hard to increase the production capacity of battery cells, hoping to help Tesla achieve a weekly production capacity of 5,000 Model 3s by the end of June. . As the exclusive battery supplier for Tesla's Model 3, Panasonic produces battery cells jointly with Tesla at its Gigafactory in Nevada.
At its annual shareholder meeting in early May, Panasonic CEO Kazuhiro Tsuga publicly acknowledged for the first time that he would work with Tesla to produce battery cells in China. Panasonic plans to shift the company's focus away from lower-margin consumer electronics, while auto-related businesses should be the focus. By the end of March 2022, Panasonic hopes to double its automotive business revenue to 2.5 trillion yen, and the battery cell business is important to achieve that goal. By the end of March 2019, Panasonic hopes sales of its battery cells will boost its operating profit by 11.7 percent to 425 billion yen ($3.87 billion).
