Solve the problem of electric vehicle battery development -Lithium - Ion Battery Equipment
According to foreign media reports, in the past ten years, compared with coal and natural gas, the falling cost has made the competitiveness of solar panels and wind turbines gradually increase. Now this phenomenon also occurs in the battery, which also makes the price of electric vehicles decrease, and the grid can also store the required redundant electric energy.
According to Wood Mackenzie's analysis, the cost of lithium-ion batteries has dropped by 75% in the past eight years in terms of per kilowatt hour. The capacity of a single battery doubled, and the cost dropped again by 5% to 8%.
However, unlike solar panels, without solving the shortage of key raw materials, simply increasing the capacity of batteries cannot ensure that their prices will drop forever. Lithium ion batteries contain cobalt, a rare metal, and more than half of its storage is in the Democratic Republic of the Congo. The price of cobalt has doubled in the past two years, which has also increased the cost of battery production.
In the context of rapid development of electric vehicles, the battery as its energy source has emerged as a bottleneck problem in the supply of raw materials, which also causes people to worry about the future.
The good news is that all circles are not only trying to increase the production quantity of energy batteries with the same amount of raw materials, but also seeking to use metals with more abundant storage capacity.
Investors also increased their investment in some start-ups that promised to develop new battery technologies, while some large battery companies began to produce more batteries using nickel rather than cobalt. Enterprises keen on developing static energy storage devices are also seeking to use fluid batteries using recyclable materials such as vanadium.(Lithium - Ion Battery Equipment)
Since 1991, after Sony realized the commercialization of lithium-ion batteries, it has played a pivotal role in the digital revolution, enabling us to use smartphones and tablets during the day and charge them at night. The lithium ion battery can collectively release the stored energy, which also makes it an option for electric vehicle technology.
Wood Mackenziey predicted that the battery demand in the transportation field will increase four times by 2040.
In the coming decades, with the expansion of China's battery factories, China will probably produce most of these batteries. According to Benchmark Mineral Intelligence, half of the global battery production will be completed in China by 2028.
The increase of battery production also brings pressure on the supply of raw materials. This also makes major auto enterprises prepare to adopt new lithium-ion battery technology, that is, the use of cobalt in raw materials is reduced by 75%.
According to WoodMackenzie, low cobalt batteries will occupy most of the electric vehicle market by 2025. The consulting agency also said: "This new battery technology will not only alleviate the concerns caused by the shortage of raw materials and the large use of cobalt, but also greatly improve the energy density of batteries compared with traditional batteries, thus reducing the overall cost of raw materials."
Some enterprises can also turn to the so-called liquid battery, that is, the energy is stored in a large separate liquid electrolyte container. This type of battery can use different materials, such as vanadium, which is also used in the steel industry
Compared with lithium ion battery, vanadium battery has the advantage of no energy loss. Vanadium materials can also be easily reused. Scott MacGregor, CEO of RedTEnergy UK, said: "We rent vanadium electrolyte, which is the first raw material that will not be consumed in the energy field."
China is a major producer of vanadium, accounting for almost half of the global supply. The price of steel doubled last year due to the growth of steel demand. However, the global storage of vanadium is higher than that of cobalt. Based on raw materials and reducing dependence on current lithium-ion battery technology, if the market drives the vanadium mining volume to increase and the price to decrease, it is likely to increase the battery output.
According to Wood Mackenzie's analysis, the cost of lithium-ion batteries has dropped by 75% in the past eight years in terms of per kilowatt hour. The capacity of a single battery doubled, and the cost dropped again by 5% to 8%.
However, unlike solar panels, without solving the shortage of key raw materials, simply increasing the capacity of batteries cannot ensure that their prices will drop forever. Lithium ion batteries contain cobalt, a rare metal, and more than half of its storage is in the Democratic Republic of the Congo. The price of cobalt has doubled in the past two years, which has also increased the cost of battery production.
In the context of rapid development of electric vehicles, the battery as its energy source has emerged as a bottleneck problem in the supply of raw materials, which also causes people to worry about the future.
The good news is that all circles are not only trying to increase the production quantity of energy batteries with the same amount of raw materials, but also seeking to use metals with more abundant storage capacity.
Investors also increased their investment in some start-ups that promised to develop new battery technologies, while some large battery companies began to produce more batteries using nickel rather than cobalt. Enterprises keen on developing static energy storage devices are also seeking to use fluid batteries using recyclable materials such as vanadium.(Lithium - Ion Battery Equipment)
Since 1991, after Sony realized the commercialization of lithium-ion batteries, it has played a pivotal role in the digital revolution, enabling us to use smartphones and tablets during the day and charge them at night. The lithium ion battery can collectively release the stored energy, which also makes it an option for electric vehicle technology.
Wood Mackenziey predicted that the battery demand in the transportation field will increase four times by 2040.
In the coming decades, with the expansion of China's battery factories, China will probably produce most of these batteries. According to Benchmark Mineral Intelligence, half of the global battery production will be completed in China by 2028.
The increase of battery production also brings pressure on the supply of raw materials. This also makes major auto enterprises prepare to adopt new lithium-ion battery technology, that is, the use of cobalt in raw materials is reduced by 75%.
According to WoodMackenzie, low cobalt batteries will occupy most of the electric vehicle market by 2025. The consulting agency also said: "This new battery technology will not only alleviate the concerns caused by the shortage of raw materials and the large use of cobalt, but also greatly improve the energy density of batteries compared with traditional batteries, thus reducing the overall cost of raw materials."
Some enterprises can also turn to the so-called liquid battery, that is, the energy is stored in a large separate liquid electrolyte container. This type of battery can use different materials, such as vanadium, which is also used in the steel industry
Compared with lithium ion battery, vanadium battery has the advantage of no energy loss. Vanadium materials can also be easily reused. Scott MacGregor, CEO of RedTEnergy UK, said: "We rent vanadium electrolyte, which is the first raw material that will not be consumed in the energy field."
China is a major producer of vanadium, accounting for almost half of the global supply. The price of steel doubled last year due to the growth of steel demand. However, the global storage of vanadium is higher than that of cobalt. Based on raw materials and reducing dependence on current lithium-ion battery technology, if the market drives the vanadium mining volume to increase and the price to decrease, it is likely to increase the battery output.
