Chinese Shift in Battery Manufacturing Could Have a Major Impact on Nickel, Cobalt Exporting Countries

Image via Ford Motor Company

China’s nickel-cobalt-manganese (NCM) battery output in June fell 6.8% year-on-year, marking the straight month of declining production.

NCM batteries are widely used in electric vehicles in the U.S. and Europe, but less so in China where lithium phosphate (LFP) batteries are becoming more popular. The popularity is helping to propel steady growth in Chinese LFP battery output, which has increased 5.4% in June compared to May.

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by Eric Olander

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