For inexpensive batteries: Japanese corporations rely on new materials - Market Research Telecast

Electric cars for the price of gasoline vehicles, inexpensive intermediate storage for solar and wind power – Japanese manufacturers promise to drastically reduce the costs of batteries with new materials. In the automotive sector, for example, Renault partner Nissan has just presented an ambitious plan to reduce the largest cost factor in the car, the batteries, to more competitive prices.

The automaker announced in November that to introduce cobalt-free lithium-ion batteries soon as well as to bring self-developed solid-state batteries onto the market from 2028. These two battery technologies are currently the focus of car manufacturers, as they both promise drastically lower battery costs and thus high competitive advantages in the market.

The immediate goal is to build batteries without the expensive cobalt that is used in lithium-ion batteries at the cathode. Tesla founder Elon Musk only attracted media attention in September with his announcement to develop this type of battery. However, he left the schedule vague. Nissan has now supplied it: By 2028, the Japanese want to use this new type to reduce battery costs by 65 percent to 75 dollars per kilowatt hour (kWh) – and then the price should drop further to 65 dollars per kWh. This should reduce the battery costs of electric cars to the cost level of combustion engines, said Nissan’s Chief Development Officer Kunio Nakaguro at the battery briefing.

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